FIVE EMERG­ING TECH­NOLO­GIES TO HELP YOU STAND OUT

ALTHOUGH THEY MAY RE­MIND you of the pipedream fantasies show­cased in the old TV show ‘Be­yond 2000', coach Jo-Anne Oliv­eri has iden­ti­fied five trend­ing tech­nolo­gies that may help you get ahead of the game.

Elite Property Manager - - Contents - Jo-Anne Oliv­eri

If you want to be the agency of choice and stand out from your com­peti­tors, it's up to you to be an early adopter. Here are five new tech­nolo­gies you should ex­plore that are trend­ing now.

HOLO­GRAPHIC MEET­INGS

If you think holo­grams are an un­likely tech­nol­ogy for prop­erty man­agers to use in their day-to-day op­er­a­tions, think again! Holo­graphic video con­fer­enc­ing via the TeleHu­man al­lows peo­ple to be pro­jected as 3D images from pods lo­cated any­where in the world. You can then in­ter­act with th­ese holo­graphic peo­ple as if they were there in the same room.

Whilst this might sound far too fu­tur­is­tic, it won't be long be­fore tra­di­tional video con­fer­enc­ing is re­placed by holo­graphic meet­ings, with large cor­po­rates al­ready us­ing the tech­nol­ogy. From an in­dus­try per­spec­tive, imag­ine the ben­e­fits of be­ing able to in­ter­act with in­ter­state or over­seas clients as if they were right there in your agency's for-lease prop­er­ties.

With the po­ten­tial to fur­ther break down com­mu­ni­ca­tion bar­ri­ers, prop­erty man­age­ment busi­nesses that adopt this tech­nol­ogy will be light years ahead of their com­peti­tors.

BODY CAM­ERAS

The ad­vance­ment in Body Worn Videos (BWVs) is a game-changer for the prop­erty man­age­ment in­dus­try. Whilst BWVs were orig­i­nally de­signed for law en­force­ment agen­cies, the tech­nol­ogy's re­cent de­vel­op­ments make them a use­ful tool for our in­dus­try. Small, light­weight, wear­able, and able to record and ar­chive video and au­dio, the pos­si­bil­i­ties for body cam­eras to be used in our in­dus­try are end­less.

BWVs are the per­fect tool for as­sist­ing with mit­i­ga­tion, lit­i­ga­tion and safety mat­ters in your prop­erty man­age­ment busi­ness. Prop­erty man­agers can use th­ese cam­eras to record video and au­diobased ev­i­dence for dis­putes, tri­bunal mat­ters, prop­erty in­spec­tions, and even help pro­tect them­selves when work­ing out of of­fice. It is the new safe­guard you should adopt if you want to raise the bar in your busi­ness.

SMART LOCKS

Soon to be the norm in our in­dus­try, smart locks are electro­mechan­i­cal locks de­signed to lock and un­lock prop­erty ac­cess points when they re­ceive in­struc­tions from au­tho­rised de­vices. Safer than their tra­di­tional coun­ter­parts, smart locks pro­vide peace of mind by record­ing who has ac­cessed prop­er­ties and at what times.

This new tech­nol­ogy al­lows prop­erty man­agers to grant and deny ac­cess to prop­er­ties by way of their smart­phones. For ex­am­ple, con­trac­tors can now re­ceive a ‘vir­tual key' – a code with a date and

CON­TRAC­TORS CAN NOW RE­CEIVE A ‘VIR­TUAL KEY' – A CODE WITH A DATE AND TIME WHEN THEY CAN AC­CESS A PROP­ERTY. THIS EF­FEC­TIVELY RE­MOVES THE NEED TO PASS ON TRA­DI­TIONAL KEYS TO THIRD PAR­TIES, SAV­ING YOUR BUSI­NESS TIME AND MONEY.

time when they can ac­cess a prop­erty. This ef­fec­tively re­moves the need to pass on tra­di­tional keys to third par­ties, sav­ing your busi­ness time and money. If you want to be an in­dus­try leader, you should be the first to adopt this in­no­va­tive tech­nol­ogy.

DRUG DE­TEC­TION

Metham­phetamine pro­duc­tion in rental prop­er­ties is a grow­ing is­sue for our in­dus­try. The tox­i­c­ity from clan­des­tine metham­phetamine lab­o­ra­to­ries (CMLs) can cause se­ri­ous health is­sues if ten­ants un­know­ingly re­side in, or prop­erty man­agers un­know­ingly in­spect, th­ese con­tam­i­nated prop­er­ties, even if the CMLs have long been taken down.

With ten­ants be­com­ing more aware of drug labs, they in­evitably want ev­i­dence con­firm­ing their rentals have not pre­vi­ously been used as CMLs. Like­wise, prop­erty man­agers have the right to know when they are en­ter­ing toxic prop­er­ties. As a re­sult, af­ford­able drug de­tec­tion tech­nol­ogy is now avail­able to mea­sure prop­er­ties' tox­i­c­ity lev­els.

Th­ese meth tests should be­come part of your day-to­day prop­erty man­age­ment op­er­a­tions. Not only will this raise your stan­dards and help you be the agency of choice for ten­ants and em­ploy­ees, it may also deter would-be drug man­u­fac­tur­ers.

DIG­I­TAL SO­LAR

Dig­i­tal So­lar is a scheme which di­vides the sav­ings be­tween the land­lord and the ten­ant from so­lar en­ergy pro­duced through so­lar pan­els on the roof. Dig­i­tal so­lar boxes, or smart­box me­ters, can mon­i­tor so­lar en­ergy pro­duc­tion and mea­sure en­ergy con­sump­tion.

The ben­e­fits of in­stalling th­ese me­ters are three­fold: in­vestors re­ceive an ad­di­tional in­come stream, ten­ants re­ceive cheaper, greener en­ergy, and prop­erty man­age­ment busi­nesses earn ex­tra man­age­ment fees for fa­cil­i­tat­ing the process.

This new tech­nol­ogy ef­fec­tively al­lows prop­erty man­agers to add value to their in­vestors' and agency's bot­tom lines. As a re­sult, im­ple­ment­ing dig­i­tal so­lar into your prop­erty man­age­ment busi­ness' op­er­a­tions is another way to re­main rel­e­vant with your clients and keep ahead of the game. ■

JO-ANNE OLIV­ERI, CIPS, TRC, is the Founder and Manag­ing Di­rec­tor of PM busi­ness so­lu­tions com­pany ire­viloution in­tel­li­gence. She is an in­ter­na­tional real es­tate iden­tity who has trained over 500 agen­cies and thou­sands of agency own­ers and PMs world­wide. For more in­for­ma­tion visit ire­viloution.com.

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