June 20236 Copyright © 2023 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Editorial StaffDavid VincentFred SmithKevin DavisFredrick GallowayJames FerrerRose D. WilsonManaging EditorHayden Carr*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffVisualizersAsher BlakeEmail:sales@realestatebusinessreview.comeditor@realestatebusinessreview.commarketing@realestatebusinessreview.com June - 15 - 2023, Vol 04 Issue 04 (ISSN 2831-8447) Published by ValleyMedia, Inc.To subscribe to Real Estate Business ReviewVisit https: www.realestatebusinessreview.com EDITORIALProptech is revolutionizing property management and pushing the boundaries of conventional methods. Smart digital technologies are driving this new era of real estate management, automating tasks and increasing customer satisfaction. From smart home technology to blockchain applications, groundbreaking technologies are transforming landlord-tenant relationships, resulting in more efficient operations and cost savings for all parties. A blend of safety and convenience has taken over the property management sector with the inclusion of advanced technologies. IoT and smart building technologies have forever changed the landscape of property management. With IoT, numerous physical devices are interconnected, exchanging data across all components. It helps reduce energy costs while increasing energy efficiency by remotely managing properties' HVAC, lighting, and security systems. Smart building technology allows homeowners to remotely control their appliances and systems. Moreover, it offers greater control and convenience for building occupants, increasing satisfaction. Artificial Intelligence turned a boon for property managers by automating tasks previously carried out by humans. From decision-making and problem-solving to natural language processing, AI is improving customer experience by automating tedious processes. The global property management market size was valued at USD 16.47 billion in 2021 and is projected to reach USD 39.51 billion by 2030, registering a CAGR of 10.21 percent from 2022 to 2030. The most significant portion of revenues came from North America.This edition of the real estate business review highlights the key developments in the property management space and how companies are capitalizing on them to deliver robust solutions. We have curated thought leadership articles from industry experts, including Sara Smith, Director of Real Estate, Facilities, and Construction at Blain's Farm & Fleet, and Kalinka B. Ivanova, VP of Real Estate at HOLT CAT.We also took a deep dive into the market trends to narrow down the list of companies delivering robust property management services. Equipped with innovative technological capabilities, companies such as Camelot Facility & Property Management and Belwood Properties help transform businesses at the cloverleaf of various disruptive technologies.We hope this edition of real estate business Review on property management will help you build the partnership you and your organization need to foster an environment driven by efficient technology. Let us know your thoughts! Property Management: Embracing Change and AdaptationHayden Carr Managing Editoreditor@realestatebusinessreview.com
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