Despite massive global challenges, the real estate market is booming. Inside the US, this has never been more the case. In fact, it is partly thanks to innovative North American startups that the housing market continues to boom. But what are ventures in the US explicitly building towards?
US Real Estate: The Facts
We need to, firstly, consider real estate statistics. It’s estimated that there are almost 141 million unique housing units across America at the time of writing. Of these, 80 million-plus are occupied by their owners. This shows a burgeoning interest in buying and owning homes, even beyond the financial crashes of the past decade.
Real estate investment is, of course, digging a little deeper into a specific side of homeownership. Property investment of any size and scope is likely to carry risk. A Yahoo survey from 2015 showed nine out of ten private homeowner investors were ready for financial collapse. That, given global challenges, since 2005, is more than a little alarming.
Therefore, what are startups in the US doing to help make real estate more accessible and palatable to a broader audience? How are they improving the industry, and what can we expect from them? Let’s consider a few examples.
Startups Getting Real About Investments
Many issues facing investors and real estate gurus in 2021 revolve around administration. Thankfully, ventures such as Buildium are helping to simplify matters. The Boston company offers a single-platform service that enables users to manage complex real estate. Running via the cloud, this software continues to change the way property managers access and edit their portfolios.
Flip is an intriguing innovation that focuses on helping to streamline subletting. The NY based firm provides support to both leaseholders and tenants. Specifically, through Flip, it’s possible to automate simple rental agreements of a month or longer. Once again, it’s a case of breaking down the administrative footprint.
Triplemint is another New York firm that aims to make life easier for investors. Specifically, the company uses smarter analytics than most to find appropriate estate investments for new clients. Predictive analyses is only part of their advanced technology, however. They, of course, apply a liberal amount of informed expertise to search.
Roofstock, based in Oakland, is attacking a growing niche. This venture provides a marketplace for one-family tenancies. According to Entrepreneur, this is a sphere rapidly approaching innovative disruption. The firm, specifically, enables single-family renters to find properties smartly marketed via machine learning.
Is the Future of Real Estate in Automation?
An interesting thread that seems to run through many startups we’ve analyzed is that automation and AI are growing stronger. This means it should, in theory, be getting easier for investors to find appropriate real estate for years of growth to come.
Any investors keen to know more about disruptive startups out there will find what they’re looking for through Fundz. Could the next real estate unicorn be waiting for your financial support or other services?