The future of Portfolio Landlords is in Prop Tech.
You cannot over-emphasise the importance of Tech to the development of the Private Residential Property Market.
But you also cannot over-emphasise the hurdles most Landlords face implementing prop tech solutions.
In this article we will explore the problems and the solutions
The Big Problem
The major problem most Landlords face is a lack of resources to implement tech in their businesses. Often it is not a lack of capital but a lack of resources in terms of time and staff to do this.
Because they simply do not have the size to justify the cost of their own IT departments or even any IT staff.
This problem is compounded by the lack of any bigger players who provide a capital base for tech companies to develop solutions that can be easily applied.
If you look at most industries there are a few big players ( often replicated in each country ) who dominate the market and provide resources to develop tech. But for private landlords what solutions there are tend to be under resourced in terms of R and D investment and challenging to implement because they cannot afford to offer support in implementation.
They will typically provide a model where the software is available on line and you essentially have to work out how to use it but without staff qualified to do it. So most Landlords are very conservative in their approach to Tech because they simply have not got time or resource.
What we want to do is help share information about tech in a more accessible way and see if we can promote ways to help Landlords implement tech solutions.
If you are a tech provider and want to be part of this then please click the “join us” button to see how you can promote your products on this website. If you have any questions you would like to ask, please click the “contact us” button and make your enquiry.