CHARLESGATE’s Post

Proptech tools can stop working without any warning, costing teams tens of thousands of dollars per month in lost revenue. The core of the problem is proptech’s lack of data alerting and monitoring: today, proptech outages are either self-reported by the tech vendor or only caught if the user detects an issue. This is an inefficient system, and causes apps to quietly fail without warning. Owners deserve a streamlined way to monitor their entire proptech stack and not have to worry about quiet failures killing their business behind the scenes. I see an opportunity to make uptime monitoring and alerts a core part of the proptech property management software integration process, so you always know if your integrations are running. #proptech #integrations #propertymanagementsoftware #realestate

The real estate industry is undergoing a digital transformation fueled by PropTech (Property Technology). Imagine a world where manual tasks like lead nurturing, property management, and reporting are automated. Fragmented data across spreadsheets and systems is unified, providing comprehensive insights for smarter decisions. This PropTech revolution eliminates the limitations of off-the-shelf software, offering custom features and integrations tailored to your unique business needs. At Agile Soft Systems, we understand the intricacies of the real estate market. Our team of experienced developers will craft a custom PropTech solution that automates workflows, integrates seamlessly with existing systems, and empowers you with actionable data. Know more: https://agsft.com/contact/ #ProptechRevolution #DigitalRealEstate #PaperlessProperty #TechSavvyRealty #StreamlineYourProcess

Still using outdated systems to manage your properties? You’re not alone—45% of CRE companies are stuck with manual processes, and still operate using old archaic legacy softwares driving up costs by 30% and extending deal cycles by 25%. The future of real estate is about automation, efficiency, and optimizing every step of the process.🚀🚀🚀 Get ready to transform how you manage leases, accounting, and tenant acquisition. Big things are coming soon👀—stay tuned and message me to be among the first to explore these game-changing innovations. #CRE #PropTech #Automation #Leasing #Innovation #CommercialRealEstate #StayTuned

🚨 New Article on PropTechPro 🚨 In commercial real estate, lease administration can be complex and time-consuming. But with the right software, you can streamline operations, improve accuracy, and reduce operational costs. Our latest article on PropTechPro breaks down the key benefits of using Lease Administration Software for CRE professionals. Whether you're a property manager, investor, or developer, this technology can help you stay on top of lease data, improve compliance, and automate time-consuming tasks. Read the full article and find out how you can optimize your commercial real estate operations. 🔗 https://rb.gy/y2orm9 #LeaseAdministration #PropTech #CommercialRealEstate #CRETech #RealEstateManagement #Automation #TechInRealEstate #LeaseManagement #RealEstateInnovation #PropTechPro

Our Co-Founder and CRO, Gaurav Madani, recently shared his thoughts on Entrata’s decision to implement API fees as a step towards a more robust ecosystem. “The truth is, advancements in technology come at a cost. According to industry research, nearly two-thirds of technology companies rely on fees associated with APIs to drive revenue and fund ongoing improvements. APIs are increasingly recognized as products in their own right, capable of generating significant revenues. This trend is underscored by examples like Amazon Web Services, where APIs contribute substantially to Amazon’s profitability, highlighting the economic impact APIs can have when leveraged as a revenue source. This financial model is not unique to our sector but is a proven practice across various industries where technology plays a critical role.” Tags: #proptech #multifamily #entrata #api

Hey! Jordan Easley here 👋 I’m the Vice President of Partnerships at Realync. I’m here to tell you about the challenges facing partnerships in proptech. But first things first, a big hello to all our fantastic clients on LinkedIn and, of course, our tech partners (give me a shout in the comments). Now back to what I was saying about partnerships. We started at zero, zip, nada integrations when I came aboard. Now, we have more than 10 API integrations, and Realync content is embedded into more than 30 different platforms, not to mention countless property websites! When I joined Realync in 2016, our goal was to partner with other proptech solutions to streamline virtual leasing processes for multifamily operators. I’m happy to say that today, nearly 90% of the properties using Realync are integrated with at least one other platform in their tech stack. Shout out to Kevin Walter for all his hard work to make this happen. 💪 But it’s been challenging, to say the least, to fully integrate our solutions due to costly APIs and a lack of knowledge and resources. You may have heard of a movement that I helped start called #freetheMFdata (that’s multifamily data 😉). These are critical conversations about how we must stop holding data hostage. This practice stifles innovation, prevents our clients from getting the most value out of their investments, and ultimately leads to a frustrating experience for renters. Luckily, there’s a way to influence change. For the operators: 1/ Let vendors know that integrations matter. Your voice is important. 2/ Consider working with vendors who provide open APIs. 3/ Ask the right questions. Example: “I need you to integrate with [Platform] because of X.” For the vendors: 1/ Offer a partner-friendly API. 2/ Network and invest in a partnerships function. 3/ Be transparent with your prospects, clients, and partners. More partnerships = Fewer headaches Let’s spark some change! 💪

Managing integrations, updates, and user needs steals time from your core business - retaining tenants and maximizing property value. Let us handle the tech headaches, so you can focus on what truly matters. Talk to us 👉 https://lnkd.in/gAvxWZe4 #realestate #propertymanagement #realestatetech #proptech

In my conversation with Sara Scarborough Graham we spoke about lesser-known pressures when building a tech stack. Most people think about cost, integrations, and benefits. Simple, right? Not exactly. There are other factors that often go unnoticed. It's not uncommon for an investor to say "For me to invest, the property has to use Yardi". If you're an owner/operator or 3rd party, you likely have requirements from investors and asset managers. For third-party, being too "different" might limit customer acquisition. Or, it could have the opposite effect. Higher risk, but much higher reward. I love Sara's take here - your tech stack SHOULD be a differentiator for your company. Take the time to learn about it and craft one that will help you outperform the competition. What other factors have you seen influence tech stack decisions?

I’M AN ADVOCATE OF JORDAN’S MOVEMENT…#freethemfdata (mf = Multifamily). You? Excerpt from Jordan Easley👇 1/ Let vendors know that integrations matter. Your voice is important. 2/ Consider working with vendors who provide open APIs. 3/ Ask the right questions. Example: “I need you to integrate with [Platform] because of X.” For the vendors: 1/ Offer a partner-friendly API. 2/ Network and invest in a partnerships function. 3/ Be transparent with your prospects, clients, and partners. More partnerships = Fewer headaches Let’s spark some change! 💪

As someone deeply invested in the transformation of data utilization in the multifamily industry, I see Entrata’s decision to implement API fees as a step towards a more robust ecosystem. The truth is, advancements in technology come at a cost. According to industry research, nearly two-thirds of technology companies rely on fees associated with APIs to drive revenue and fund ongoing improvements. APIs are increasingly recognized as products in their own right, capable of generating significant revenues. This trend is underscored by examples like Amazon Web Services, where APIs contribute substantially to Amazon’s profitability, highlighting the economic impact APIs can have when leveraged as a revenue source. This financial model is not unique to our sector but is a proven practice across various industries where technology plays a critical role. For years, the limitations of outdated systems in the real estate industry have constrained its potential. We've all felt the frustration of interfaces that promised the world but delivered very little. The reality is that building reliable APIs that provide adequate data access involves substantial costs. To expect the architects of these systems to bear the financial burden alone is not only unrealistic but also counterproductive to the goal of achieving a seamless data pipeline that runs across systems. Consider this: the alternative to an API fee can be an across-the-board price increase, which impacts every user regardless of their usage intensity or the value they derive. There is also the option of going back to a world without APIs which was a reality not so long ago in our industry. By implementing a fee structure for API usage, companies like Entrata are choosing a path that allows for the direct correlation between use and cost. This isn't just fair; it's strategic, enabling the reinvestment of these funds to enhance and expand the very tools we rely on to build our businesses. Entrata seems to be actively working to build what they refer to as a "partner ecosystem." This effort to me represents a real commitment to enhancing collaboration and access. I understand the recent frustration in the ecosystem since something that was once free now comes with a price tag. But let's not lose sight of the larger picture—a vision where these investments lead to tangible enhancements in how we manage properties, interact with data, and serve our communities. To me, the adjustments Entrata is making promise to enhance data utilization to better manage our properties and serve our communities. As an optimist, I believe we will look back at this as a step in the right direction for the industry at large.