Across the decades, we face the real estate revolution: from the first property listing website to the vivid digital platforms available nowadays. As history claims, the earliest seeds of property technology, or proptech, were sown with a brace of home-search websites that are now household names. That’s where the story begins in the mid-1990s…

What is PropTech?

“PropTech is one small part of the wider digital transformation of the property industry. It describes a movement driving a mentality change with the real estate industry and its consumers regarding technology-driven innovation in the data assembly, transaction, and design of buildings and cities.” 
James Dearsley and Pr. Andrew Baum

Property search was definitely the starting point to the industry development, which PropTech solutions help manage. Multiple research affirm that PropTech provides information, transactions and management functions serving the property management stakeholder via latest technological update. Over the past several years, startups across the globe outlined the PropTech serving such functional areas, including:

1. Fulfilling and tracking service requests;
2. Collecting payments;
3. Keeping members informed;
4. Granting and revoking visitors’ access to the spaces;
5. Reminding and alerting members on commitments;
6. Handling daily operations tasks;
7. Collecting feedback on offered services;
8. Tracking and resolving issues and complaints;
9. Managing events and meetings;
10. Scheduling and announcing news.

RAY Labs is a PropTech company specialized in smart real estate. We develop innovative platforms to facilitate the operation and management of real estate assets.