PropTech is an umbrella term and refers to all the tech tools that people in the real estate industry use. RentTech is a part of PropTech, but specifically refers to the technology that property owners, agents and tenants use during the lettings process. This industry is growing with more RentTech companies being established annually.
RentTech provides a variety of solutions as it helps to deal with bills and utilities, maintenance, e-signatures, and many more.
Letting agents can use RentTech to offer tenants an online service, with additional products and services to make it easier for them to move in.
Where is the industry heading?
The PropTech industry is growing and increasing profitability, opportunity, and innovation. Letting agents and property owners should continue learning and attend events that focus on the benefits of utilising technology within the property industry.
The information in this post is valid to the best of our knowledge on the date of posting. It is advised that you seek independent advice based on your individual circumstances.
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