4 Real Estate Tech Startups Transforming Our Industry

Starting with the first brokerage firm in the 1850s, the real estate industry remained largely unchanged for well over a century. The cities, building types, architectural styles, and living arrangements evolved, but the practices of real estate professionals stayed more or less the same.

Only in the last 5-10 years has the real estate industry undergone sweeping changes, thanks in large part to the internet. Agents and buyers/sellers now have access to more information than ever before.

At Spectrum, we are well aware of these changes and are committed to exploring, evaluating, and implementing the latest technology to help both our team and our clients make the best possible real estate decisions.

This week, we’re running down the list of some of the top technology companies having the biggest impact in our industry.

Nextdoor

As a homeowner, it’s crucial to stay apprised of what is happening in your community. After all, your investment depends on the success of the surrounding area.

Launched in 2011, Nextdoor is a free private social networking platform designed specifically for neighborhoods. No matter if you’re wondering how an upcoming holiday affects the trash pickup schedule, selling your used bike, working to combat crime, or trying to find your lost dog, Nextdoor provides the portal to do so.

https://nextdoor.com/

Screenshot of Nextdoor software application

Bowery

Geared largely to commercial real estate, this application is completely changing the way buildings are appraised. Gone are the days of manually pulling information from various government agencies and creating confusing valuation reports.

Bowery integrates public records with its database of comparable properties to automate this once labor-intensive process. Bowery launched in 2015 and is already in use by some of the world’s largest firms like Cushman & Wakefield in NYC.

http://boweryres.com/

Screenshot of Bowery appraisal software

Gridics

Right in our Miami backyard is Gridics, a hyper-local real estate technology startup. Gridics has designed two revolutionary applications for both residential and commercial real estate professionals: Zonar.City and Gridics.com.

Gridics combines all of the data real estate agents rely on (listings, school zones, transit data, property records, and more) into one centralized application. Agents can then invite clients to view advanced listing and analytics reports and collaborate via projects.

On the other hand, Zonar.City is an interactive zoning code engine allowing commercial real estate professionals to analyze feasibility and test development scenarios based on the local code in real-time 3D. The City of Miami, FL and City of Delray Beach, FL are already using this software in their day-to-day operations.

www.gridics.com

www.zonar.city

Screenshot of Gridics hyperlocal real estate data

Ravti

When you think about the headaches a property owner faces, HVAC undeniably is at the top of the list. Green Horizon One Hour Heating and Air Conditioning lets you have a more active management system for properties, and it can be worth talking to them or to the best local provider for HVAC cover. Broken AC units, expensive repairs, filter changes, and more plague a multifamily or commercial operation. When you run into HVAC problems, you might need to seek out the help of a company like www.rapidrepairexperts.com as they may be able to solve your problems for you.

Luckily, Ravti was created to streamline this process. Using Ravti’s software, property owners can mark their equipment with “digital tags” and easily dispatch technicians to the job depending om your local area, like Valley Service if you’re in the Fargo area.

https://www.ravti.com/

Screenshot of Ravti HVAC software

Curious to learn how Spectrum integrates technology into our efforts? Let’s talk: sales@spectrumrg.com or (305) 921-0972.