Seminary Properties and Management's profile

Tech Trends Revolutionizing Property Management

Operating out of Chicago, Illinois, Seminary Properties and Management, Ltd., is a family-owned real estate and property management company with 45 years of business performance. Seminary Properties and Management, Ltd., is committed to providing practical management solutions to its residents by combining dedicated maintenance practices with responsive customer service and technology.

Various innovative and emerging technologies continue to revolutionize multifamily property management. The US renter population rose by 31 percent on average between 2000 and 2020, and multifamily property managers and owners subsequently began implementing advanced property management solutions to attract and retain tenants amid the increased demand. Internet of things (IoT) devices like closed-circuit televisions (CCTVs), thermostats, and smart locker storage are now widely utilized in the property management industry.

Digitization and automation are also becoming a critical component of this sector. This includes using special tools such as online applications and 3D virtual tours to streamline the numerous tasks involved in selling or leasing a property. These technologies enable property managers to host transactions and manage records on virtual storage spaces instead of physical files.

Another way that property managers are moving away from paper and traditional processes is through electronic payments. Hassles associated with rent payment are reduced through online payment systems that allow tenants and landlords to track transactions and maintain transparency.
Tech Trends Revolutionizing Property Management
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Tech Trends Revolutionizing Property Management

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