Top 20 PropTech Solution Companies - 2020

PropTech is booming and transforming the way we buy, sell, and interact with our properties. In a world permeated by technology, the scope of proptech is growing at a fast pace and changing how the real estate industry runs. Real estate firms are embracing these new technologies with different levels of sophistication. Now, more and more Real estate and construction companies are slowly yet steadily moving toward digital technology.
With the emergence of technologies that help automate real estate processes, there has never been an easier time to sell, buy, manage, or even construct properties. The mobility, cloud, AI, and IoT will continue to impact how one operates and use buildings to create enhanced and efficient management capacities for lighting, security, and other service requirements of buildings. Artificial intelligence is set to change every aspect of commercial real estate, including how buildings are leased and designed. Intricate 3D models, visualizations, digital floor plans, virtual tours, and the like will allow developers to make better choices at every step of the construction process.
Now more than ever, the use of technologies like augmented and virtual reality, digital twins, drones, and others will radically enhance the customer experience while choosing, managing, and using any property. It’s often said that data is the new currency, which is the reason every business today is using tech tools like sensors and cameras to collect and store customer data for the future. Blockchain is one another technology that has remained largely untapped, but now it revolutionizes everything it touches. It serves as a type of equalizer, facilitating faster international transactions that can be easily recorded and tracked. Also, the presence of faster, and higher bandwidth communications like 5G, CBRS, and Next-Gen in-building wireless in the building systems will become paramount.
In this edition, CIOReview has compiled a list of 20 Most Promising PropTech Solution and Service Providers to guide organizations in the real estate landscape in harnessing the power of technology to tackle today’s real estate challenges. We hope this issue of the CIOReview helps you build the partnership you and your firm needs to foster a technologically-driven real estate environment.
We present to you, CIO Review’s “20 Most Promising PropTech Solution Providers - 2020”

TOP VENDORS

Top Proptech Solution Companies

Asteroom

Asteroom was founded in 2018 as a need for most realtors in the market who are unable to afford 3D tours to ramp-up their businesses because of the budget constraints. Asteroom is the only company that can turn 360 images into a 3D Dollhouse with the help of AI. Asteroom’s Pano Kit on the phone takes 360-degree panoramas of the property with phone’s camera lens. Asteroom’s ease of use and efficiency are definitely head-turning features.

BMBY Software Systems

BMBY Software Systems brings their clients with cutting edge administration and marketing solutions for all of their real estate necessities. Working with local and international clients they have the capability to develop software for any real estate project. The company's systems also provide solutions tailored to their individual client's needs. Modernized, efficient, and transparent software provided by BMBY will improve project cash flow, management, organization, and loss mitigation. Their software solutions can bring the most accurate and up to date project status and management capabilities to their clients anywhere in the world

FacilGo®

CA-based FacilGo is a maintenance collaboration marketplace where real estate companies and their supplier/contractor partners can solve problems, negotiate, and transact. FacilGo also helps companies manage and execute both the financial and project-related tasks for renovations. At the same time, with its use of collaborative technologies, the company provides a comprehensive solution to direct maintenance staff on actions to be taken and enables property managers to proactively handle the resident queries. FacilGo is the only solution that allows information gathered from each step of a property’s management process to be leveraged in the next. This ‘next step’ functionality guides maintenance and inspection staff to the right vendors/suppliers and pricing based on their inspection results.

REMLogics, LLC

REMLogics is a Real Estate Management (REM) software development company that provides the next generation of complete enterprise SaaS solutions and a no-code development PaaS for office, retail, residential, and mixed-use landlords. Unlike the competition, REMLogics lets clients keep their current financial system because the company is designed-to-integrate. REMone™ easily talks to any G/L through industry standard RESTful API endpoints. The result is enterprise-grade financial software that includes best-delivered practices, a flexible G/L structure, and built-in analytics

RentRedi

RentRedi—modernized landlord-tenant software—empowers over 20 million small landlords and their tenants to streamline and manage their rentals in a smart way. The software is meticulously designed and developed to automate many of the tasks that landlords traditionally had to do themselves. RentRedi is a mobile and web application that can enable landlords to easily manage their entire business and streamline the critical processes of renting it from any device of their choice. With RentRedi, users can leverage an all-inclusive landlord-tenant app to streamline everything from managing their rentals, receiving payments, screening applicants, managing maintenance requests to listing properties

Rethink Solutions

Rethink Solutions is a leading developer and vendor of property tax and real estate asset management software solutions. Rethink Solutions has developed itamlink—a first-of-its-kind property tax management software dedicated to the active management of real estate property assessment and taxation. Thanks to its unique ability to build and support an overall property tax strategy, improve strategic business decisions and ultimately increase portfolio value, itamlink is trusted by some of the largest real estate companies in North America. The uniqueness of itamlink stems from its ability to deal with the entire real estate property tax lifecycle within one system. The flexible solution fits any country, jurisdiction, language, currency, or processes.

Altus group

Altus Group Limited is a leading provider of software, data solutions, and independent advisory services to the global commercial real estate industry. Through its innovative solutions and expert advice, the company empowers clients to analyze, gain insight and recognize value on their real estate investments. Altus Group provides end-to-end CRE software solutions for better visibility of single assets as well as entire portfolios maximizing investment value. The real cornerstone for the company is its multi-disciplined team of professionals that assists clients to make informed decisions and drive strategic growth. Headquartered in Canada, the company has more than 75 offices around the world and operates in North America, Europe and Asia Pacific

Appfolio

AppFolio Inc. is a leading solution provider in the property management and legal practice industries. Founded in 2006 by Klaus Schauser and Jon Walker, the company is on a mission to revolutionize the way people do business. Headquartered in Santa Barbara, AppFolio offers exceptional quality technology to businesses enabling their digital transformation. The company provides easy-to-use, cloud-based software that helps small and mid-sized businesses improve their workflow empowering them to save time and make profit. At the heart of the products and services is the talented and agile team of AppFolio focused on customers and their needs

Boom Town

BoomTown is a software platform designed to help real estate professionals generate leads, manage contacts, and run their business better. With their product suite, the clients will get access to world-class lead generation, consumer-websites, CRM technology, and a powerful mobile app. Together, they create a seamless experience so clients can attract, convert, and they can also win new clients easily. BoomTown's automated marketing tools make building relationships simple and predictive intelligence that offers their clients with insights through which they can act. The company is there at every step with proven strategies and support so that the client can work on their business instead of in it

Chime Technologies

Chime is a powerful lead generation and CRM solution for real estate professionals. It solves all of the pain points most agents struggle with on a daily basis. their suite of tools helps the agents to launch marketing campaigns, track leads' activities, build customer relationships, and seamlessly manage teams, across multiple devices. By streamlining all their operations from end-to-end, the company permits the agents to focus on what really matters and it also boosts their business. Every month the Chime engineers provide new features and integrations that are in high demand, for an ever-evolving next-gen mobile-first real estate operating system that's easy to use and second to none