Whether you are new to the investment world or you already have a diversified portfolio, using the best advances in technology and tools on the market can only help to boost your investments, manage your money, and take your portfolio to the next level.
This short guide gives you some of the leading technology trends favoured by both experienced investors, and those just starting out on their investment journey. Read on to find out how you can start utilising the trends available today to help with your investments.
Online Websites and E-books for Information
The world wide web can be the most useful way to obtain free and valuable information, but can also be a minefield if you’re not sure where to look. Informational websites and e-books from industry experts are still one of the most convenient tools to find the answers you are looking for. If you are serious about investing you will probably already be signed up to the latest newsletters and Google Alerts from specialists in the stock and property markets.
The internet can provide relevant documents and up to date news in order for you to manage your investments in the most efficient way possible. If you’re in the property business, buy-to-let landlords favour Property Hawk as it gives access to a range of documents for free, such as tenancy agreements. These documents may otherwise be accessed from legal parties and can come at an unnecessary cost to the investor. Knowing that there is free information available is a key tool for those handling investments.
Tip – if you want to learn more about the buy-to-let investment market, RWinvest offer some great online guides, for free, to help you get started.
Investment Management Software and CRM Tools
For those investing in the property market, and specific to landlords, perhaps with multiple properties to manage, comes the all-important investment software and customer relationship management (CRM) tools. One of the best tried and tested landlord software is RentCentral which enables property owners to track and keep on top of their assets. Set important alerts, save documents and add bank statements to your account. Investors prefer this software for its functionality when it comes to handling their investments as it’s easy to use and offers some highly beneficial features.
If you are a landlord and have chosen to employ a property management company, you may be looking for ways to communicate with your manager and tenants. HeyLandlord gives you a straightforward messaging service for conversations between you as the landlord, your property manager and tenants. As well as a standard chat service, you can also upload additional information about your property for the people in the chat to view. This tool is handy when you need to chase a missing rent payment or arrange a property inspection. Likewise, tenants can also log any maintenance issues or repairs, allowing you to stay on top of renovations and keep future repair costs to a minimum.
Drone Footage and CGI Imagery
Useful for estate agents, investors and developers drone footage and computer-generated imagery (CGI) has become a popular tool for investors. The stock market has used digital imagery and virtual reality to practice real-time stock exchanges, and the property market has benefitted from virtual viewings and advertising campaigns using drone footage. CGI can provide a deeper insight into off-plan properties and what they will eventually look like upon completion.
Drones can help to speed up the property investment process if investors are wanting to get a clear picture of the surrounding area in which their investment will sit. This type of technology can also aid construction work, providing a huge advantage to developers making critical decisions. As an investor in 2020, it might be time to update your investment strategies and adopt some of these technology trends if you’re not already doing so.