Product update: Event page. Find all the upcoming events you might be interested

Denzity Product Update: Event Page

An event can be created to notify Denzity users of upcoming events. 


It’s a great way for experts to promote their exhibition, conference, and networking events for real estate enthusiasts. 

The event pages can allow Denzity community to know the upcoming events that they might be interested in.

Start by writing the event title

Step 1: Include the geographic location (city and/or country) with the following format.
[For example, [email protected] Kong, [email protected] – UK]

Step 2: Write out a short (and sweet!) description of the event that indicates the topic and reason. 
[For example, make the move to Australia and learn about your future property investment; The updated Canada tax for foreign investors; UK Property Investing Conference]

Step 3: Let people know about who is hosting the event with the following format. 
[For example, Hosted by ABC Group, On behalf of XYZ Limited]

Here are two examples for you as reference:

  • [[email protected] Kong] Make the move to Australia and learn about your future property investment [Host by ABC Group]
  • [[email protected] – Thailand] Prime Location Residential tour [Host by ABC Group, on behalf of XYZ Limited]

The event pages can allow Denzity community to know the upcoming events that they might be interested in.

For more information on how to draft the event description

and the ground rule, please check out our post

“Guide for Event Hosts’: https://forum.denzity.io/topic/107/guide-for-event-hosts

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4 Key Habits Of Successful Real Estate Investors

Real estate investment is one of the most stable asset class for income generation and wealth preservation. However, investors should ascertain four core skills to be a successful real estate investor.

Plan ahead

Create a solid plan and treat your real estate investment as a business with a short-term and long-term goal. More importantly, be sure to consistently review your investment’s performance so as to manage expectations in your investment plan. This ensures you are clear along the journey towards your ultimate goal. We suggest you develop a 3-5 year plan based on thorough research to meet your ultimate goal.

Know the market and develop your niche

To be effective, you need to gain in-depth knowledge of the markets that you want to invest in: from past to present to future. The ability to spot trends can help you more accurately predict future changes in the market. Identify the different ways that might help you to make your real estate investment a success. With having those practices, your investment will not rely solely on faith and luck.

Keep educating and learning

Similar to the previous habit, you need to constantly stay up-to-date with the market and evaluate future potential. You can educate yourself by getting real estate-related investment information that is readily available online, attend real estate related seminars or exhibits. Finding a mentor or having a network to guide you can shorten your learning curve and get better results, which brings us to our next point.

Build a network of savvy investors and experts

You are not on your own! Real estate investing takes years of experience and in-depth wisdom. Having a network can provide you with support and create opportunities for the people involved. Savvy investors and experts understand the importance of building a network together to collaborate and succeed together.

Real estate investing is not easy. Becoming a successful real estate investor requires time, effort, and commitment. By following these four habits, you too can develop the skills and traits to be successful real estate investors and unlock your full real estate investing potential.

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What topic do you want to learn more about? Other suggestions? Let us know! 

You can sign up to the forum here: https://forum.denzity.io/

WeWork – A Cautionary Tale For All PropTech Players

As the year of 2019 draws to a close, it’s hard to forget one of the biggest lessons learned in the business world: WeWork’s failed IPO at USD 47 billion leaving SoftBanks to intervene with a ‘stimulus package’, which leaves WeWork at a valuation today of USD 10-12 billion.

For those interested in reading more into WeWork’s story, here are some informative pieces: Feedough’s “WeWork Business Model, an in-depth analysis of WeWork’s business model; Harvard Business Review’s “No, WeWork Isn’t A Tech Company. Here’s Why That Matters, which breaks down WeWork’s ‘taboo’; and Bloomberg’s video “The Spectacular Rise and Fall of WeWork to get a better grasp of the situation.

From this saga, we hope PropTech players take a step back and re-evaluate three important lessons:

1. Are you In the tech business or real estate business
Many start-ups often frame themselves as tech companies in hopes to obtain a higher valuation from a larger pool of potential investors. A business should only be classified as tech-driven only if the core business is selling tech as a product or service, as the high valuations associated with technology companies are their ability to generate enormous profits and scale at a fast speed with relatively low investment. In our view, WeWork is not a tech company and they should be frank with their investors to manage expectations.

2. The potential impact of the proprietary technology
It is hard to understand how much tech has played a part in WeWork’s business. WeWork claimed that they employed data analytics and another smart tech to improve the efficiency of their spaces, how people use their spaces, and where to build next. Yet, isn’t this the knowledge and insights provided by real estate experts (such as brokers)? While we associate the utilization of technology as helping businesses make better decisions, there is a vast array of tech companies that don’t necessarily deliver on this promise – WeWork included.

3. The recession threat
Some people argue that the sole reason WeWork failed was because of bad timing – this is partly true as WeWork is a subleasing business – while others argue WeWork failed to build proprietary technologies to protect itself during a recession – partly true assuming you agree WeWork utilizes technology in its core business.

In our view, WeWork’s expansion into other types of real estate improves diversification depending on its mix. For example, expanding the number of gyms increases risk during a recessionary period, as their occupancy suffers on account of fewer active memberships. However, owning hospitals and public-funded schools would be ‘defensive’ and improve WeWork’s resilience during a recession as these segments would ‘operate as normal’. If WeWork were developed as a technology company, they should have allocated more attention and effort on developing tech to lower their cash burn to ensure their clients stick around during bad times.

WeWork is a big lesson that should not be ignored. We hope PropTech players have not lured down a similar path in losing sight of their core focus: building technologies that impact and transforms the real estate industry.


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You can sign up to the forum here: https://forum.denzity.io/

Top 5 topics on real estate investing in Germany

This week, we want to share with you the top five topics on real estate investing in Germany from our community.

Read more: https://forum.denzity.io/tags/germany

1. Can a foreigner buy property in Germany?
Read more: https://bit.ly/38aEhO1

2. Can a non-EU citizen buy property in Germany?
Read more: https://bit.ly/2sQxHMF

3. Is this the right time to buy property in Germany?
Read more: https://bit.ly/2OU5qx9

4. How much does a property manager charge for an apartment Munich [Germany]?
Read more: https://bit.ly/2YsnMbN

5. What’s the leasing term like for residential units in Munich [Germany]?
Read more: https://bit.ly/2Lty1ar

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3 Key Factors That Drive The Real Estate Market

Before you start looking into specific real estate investments, you must understand some key factors that might affect your decision.  So, we think it would be a great idea to give you a quick reminder before starting your search. 

The Economy
The real estate market is closely linked with the economic cycle. Even if the property is sound, your investment (at least on a mark-to-market basis) might be dragged by economic factors. During the economic downturn, there tend to be some negative effects, such as the unemployment rate rises, and consumption level decreases. These combined might cause risks to your investment.

Government Policies
Government policies affect the economy and influence (both local and foreign) investors’ sentiment. During political instability, people might delay their purchases or sales to wait for the certainty of the directions and the policy implications. Tax credits, deductions, and subsidies are some of the ways that policy may affect your investment.

Supply and demand
Population demographics affect how real estate is priced and what type of properties are in demand. Additionally, social and cultural aspects might affect different markets in certain areas. Being aware of these trends can help you to think about your investment strategy.

All these factors are intertwined and it’s all about timing. Understanding the connection can help you to conduct a better evaluation of potential investments. If you are uncertain about what you want, speak to real estate experts! They can deliver the knowledge and insights you need to fast track your search. 

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What do you want more or less of? Other suggestions? Let us know! Please give us feedback on our forum.

The Forces That Will Shape The Future of Real Estate Investing

Global funding in PropTech reached more than USD 4 Billion in 2019, according to Pitchbook. It’s worth considering how technological advancements will shape the future of real estate investing. “The Inevitable: Understanding The 12 Technological Forces That Will Shape Our Future”, a book by Kevin Kelly, founding executive editor of Wired magazine and one of the leading technology thinkers of our generation, forecasted technological imperatives that will shape and transform our society over the next thirty years. More specifically, 3 out of the 12 forces, mentioned in the book, will inevitably transform real estate investing on a massive scale: the force of sharing, filtering, and questioning.

Sharing
We now live in a world of abundant information – with just a few clicks away, internet services (like Google or Wikipedia) demonstrate the power of networking effect. Technology can enhance collaboration within a community on a mass-scale. Experts, from different parts of the world with different expertise, share their knowledge freely to foster better collaboration.
 
Filtering
With the abundance of choices we are exposed to, it is impossible to assess everything ourselves. Filtering is needed to select the few but right things we should pay attention to. With the combination of crowdsourcing, expert curators, and technology advancement, real estate investors can harness strong personalization to obtain tailored suggestions and the best available projects that suit their appetite.
 
Questioning
“Every year we ask the Internet a trillion questions, and every year the search engines give back a trillion answers,” says Kevin Kelly. The future technologies will unleash enormous big questions that we could have never thought to ask before. Promoting the freedom to ask good quality questions are far more valuable than good answers. Real estate investors will constantly explore to ask unique personalized questions to find the best result.
 
We at Denzity believe those phenomena will fill the gap – providing better-informed decisions to real estate investors for their increasing appetite for cross-border diversification. As such, we constantly challenge ourselves during our product design on how we can deliver a better experience for your exploration in the world of real estate investing. 

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What do you want more or less of? Other suggestions? Let us know! Please give us feedback on our forum.

6 New Forum Features To Help You Navigate

We want to share with you a quick update with some recent improvements we’ve made. Also, we want to take a chance to give our sincere thanks to our community for the many feedback, suggestions, and support. We are constantly making our platform easier for you to gain better real estate insights and knowledge.

  1. Expert badge. Allowing you to spot the real estate experts easily, we have added a badge next to their username. The expert badge is only for the experts that we approve of.
  2. Popular tags. You’ll notice that there is a list of popular tags on the top right corner. That’s so you can find the most popular topics in our community. By clicking on the tags, you can find the relevant topics instantly.
  3. Suggested topics. Beneath the popular tags section, we have added a suggested topic section to show other posts you might be interested in.
  4. Events page. You can find upcoming experts’ exhibitions, conferences, and networking events through the Events page.
  5. Post voting. Letting the community knows what you think of the posts! When you find a post useful or relevant, you can upvote it. If you think a post is not useful or off-topic, you can downvote it.
  6. Search bar. You’ll see the search bar at the top right corner. It is a simple and fast way to know if there are any relevant topic you might be interested in. If not, start at a post and get a conversation going!

For more, you can check our forum: https://forum.denzity.io/category/2/mainboard-ask-us-anything

Weekly Digest: Top 5 topics on real estate investing in Japan

This week, we want to share with you the top five topics on real estate investing in Japan from our community.

  1. How would the gambling license affect the Japan hotel market?
    Read more: https://bit.ly/33ulIB8
  2. What’s the process for foreigners to buy Japanese houses?
    Read more: https://bit.ly/2R37rZA
  3. Which area in Kyoto [Japan] should I look for a vacation home that is also close to the train station?
    Read more: https://bit.ly/34vhr1n
  4. How much tax should I pay when I sell my condo [Japan]?
    Read more: https://bit.ly/37Qteta
  5. Would you suggest investing in Japan car parks?
    Read more: https://bit.ly/33BeueJ

4 Things You Should Let Your Agent/Broker Know

Many real estate investors don’t know what they want and aren’t able to articulate their needs with the agent/broker. The key here is forming a trust so that your agent/broker is clear on your needs & preferences. Make sure you have the systems in mind before engaging with an agent/broker, too.

  1. What is your expectation? Start with managing each other’s expectations to avoid wasting time and effort. If you have a maximum amount you want to spend, or will not consider a certain area, or you have a definite timeline, you should articulate clearly.
  2. What are your past or current property investments? You can tell a lot through evaluating your past and existing real estate investments. It can give your agent/broker a better understanding of your investment appetite.
  3. What is the purpose of the purchase? Are you planning to move into the property? Is it strictly an investment? Is it for your future children when they move there for school? This would affect a lot on what types of properties your agent/broker would suggest.
  4. How long are you planning to keep the property until you sell? Similar to the previous point, the expected investment holding period affects the strategy of property investment.

If you are clear on these details at the initial stage, you are more likely to find the property of your dreams without wasting your precious time and effort.

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PropTech: Past, Present, and Future.

PropTech: Past, Present, & Future

It’s no secret that real estate is one of the largest industries in the world, yet it is one of the last to adopt the technology. It is no surprise that a large number of startups have spawned to tackle this industry. Beyond headline-grabbing companies like Compass, Opendoor, and Airbnb, critical problems remain in our industry that entrepreneurs are yet to solve.

Since the 1980s, there have been three major waves in PropTech (Property Tech).

Early PropTech from 1980 to 2000: With the introduction of basic solutions such as Excel, real estate companies began to implement enterprise software solutions in their workflow to drive more quantitative approaches to their investments and portfolio management (such as Yardi, CoStar, and Loopnet). These solutions tend to be closed-form while requiring heavy customization.

PropTech 1.0 from 2001 to 2007: With the increasing demand to seek information, real estate online aggregators emerge (such as Redfin, Zillow, and Trulia). Like other social media and e-commerce portals, these online aggregators allow users to find incumbent information by leveraging their cross-sided network effects.

PropTech 2.0 from 2008 to 2019: As consumer-preferred access over ownership (the shared economy movement), companies (such as Airbnb, Opendoor, and PurpleBricks) are focused on improving user experience and participation. 

PropTech 3.0 from present to beyond: According to CB Insights, venture funding in PropTech from 2008 to 2018 has increased from USD 20 Million to more than USD 4 Billion. The increasing interest in PropTech has grown considerably as many pain points still exist.

We at Denzity believe the fragmented and inefficient process in real estate transactions need to be addressed and solved. Firstly, as investors have access to limited information and data set, they still rely on their intuitions when making an investment. Secondly, there is a lack of investment options that investors can access. Therefore, we want to introduce solutions to digitize workflows and elevate the transparency so that better investment decisions can be made.

Denzity Forum is one of the solutions that seek to solve a real estate investor’s pain point on understanding how to carry out the due diligence process properly before investing in a real estate project. The forum is always improving, and we always challenge ourselves to make it as easy to use as possible.

You can sign up to the forum here: https://forum.denzity.io/

Thanks for staying tuned and speak to you soon.

Darren

Co-Founder, Denzity