In today’s quick-moving real estate market, there are many real estate management software and features offered. The competition is huge and it’s important to find various to stand out. A good property technology solution could make a big difference. While the proptech market provides many solutions. The wide range of real estate needs makes it tough to find one app that fulfil every business need and meets your customer’s expectations.
Doesn’t matter which type or size of the property you manage, there’s likely a solution to help your business run smoothly. Maybe you need a custom solution that completes your specific business needs or satisfied your customers. That’s why many real estate firms prefer custom real estate software development over off-the-shelf proptech solutions. The eight listed below are the most essential features in today’s fast-changing market.
Must-Have Features for Real Estate Software
If you are planning to have your real estate software then it’s important to create a clear list of features for your custom solution. Here are the most useful Proptech app features that can help you improve real estate service and boost customer satisfaction.
Property Comparison Tool
A property comparison tool is essential for users as it allows them to assess multiple properties by key factors. A few of these are price, size tax details, and more. This filter is helpful for all types of real estate apps including all for buying, selling, renting, and property finance. We have included this feature in our investment solution allowing users to create shortlists and compare properties in depth. The functionality can be easily adopted and implemented on different platforms based on the needs of the business developing the app. This improves the overall experience for both buyers and estate brokers.
Interactive Property Search
Manual property search is very time consuming for property buyers, agents and tenants. One of the popular ways to solve this issue is automating the process with a strong engine. The key element of this feature includes marketplace-style system of search filters and an interactive property map. Adding google maps or similar services can make the app user-friendly. This helps users find properties based on location that’s crucial factor for both buyers and tenants. Real estate agents can also use these features to focus on the best properties in their areas. A great example of an app with excellent property search features is Airbnd that’s known for its interactive map and filter system that enables users find properties based on different criteria.
Review System
When making decisions, Real estate customers consider many factors. So, the positive reviews can be very helpful. A real estate market place needs a review system to help users find the best and reliable offers. This features also helps improve the experience for buyers using property sales or rental apps. Tenants, buyers and investors can use reviews to see who they are dealing with. Basically, review on profile of anyone involved in real estate can offer valuable insights to others. A good reviews system help improve services and ensure users feel more secure in their real estate transactions.
Document Management
Document management is a feature that’s useful for all types of real estate solution especially common in real estate firm CRMs. These firms often deal with a constant flow of documents like titles, loan agreements, contracts and rental notes. Managing all these documents can be challenging and not doing it properly can create big issue like legal disputes.
A customized documentation management system in a real estate CRM can make a huge difference. It offers secure storage, tools for processing documents, integration with signing software including DocuSign and the features for managing permissions, tagging documents and distributing.
This feature is helpful for real estate CRMs that’s makes sure all documents are managed efficiently and securely.
Real Estate Investment Advisor
This feature saves time for real estate investment advisors and works well with platforms for investors and admins. A real estate investment advisor tool in your app can offer the data advisors need to make smart decisions. You can also add AI to this tool to offer more accurate estimate of a property’s income potential. Our team at eBizneeds has implemented this feature in a real estate investment management platform. It helps advisors get investment portfolios and accurate estimates of property potential and is automatically syncs with the app’s investor portal.
Property Cost and Mortgage Calculator
With many financial factors to consider such as number of beds, property size, location, taxes, conditions and loan details, calculation of real estate costs is challenging. Property sellers, real estate agents, and landlords can use a property cost calculator to get a clear estimation. An in-app calculator is also useful for mortgage calculation. Users require to put all the essential details like interest rate, loan amount, property taxes to get an approximate cost.
Tenant Screening Feature
Landlords need to get to know their tenants. Automated tenant screening tools make this easier by pulling up credit histories and other essential details. This key feature for property management solutions is helpful for landlord to build trust for their tenants. With focusing on landlord-tenant relationship, this feature can use custom algorithms to check tenant’s credit history and gather other reliable information. It can also include services that support AML (Anti-Money Laundering and KYC (Know Your Client) regulations to assess tenant reliability according to different country standards.
Deposit Security Tools
The real estate industry involves major deals and large amount of money. So extra security is essential. Property owners or landlords might need protection like security deposit system to offer extra security. This feature is especially useful for property management apps dealing with tenant relationships but can also benefit other real estate apps like those for property sales or mortgages. Ideally, a real estate app should include a payment system and a deposit security feature to keep deposits safe.
This helps property owners stay safe and protected. To enhance security, companies can add administrative tools to handle issues manually and keep logs of all actions. To fulfil PCI security standards, firms should store private user data in secure external system. With top-notch data security, deposit safety features ensure that property owners funds are protected and come with guarantees in case of issues. Hiring the custom software development company can further increase security in rental and sales agreements.
Conclusion
So, those were the key real estate app features. You should also consider adding these basic features like in-app messenger, email automation, interactive calendar as well as more advanced options such as blockchain integrations or IoT. Ultimately, the right features depend on your specific needs and customer’s requirements. Next, you’ll need a reliable real estate software development company to bring your ideas to life. eBizneeds is here to help you create an outstanding real estate software with the required features. Contact us to let our team assist you in choosing and building the perfect features for your innovative real estate app.