The Experts We Need In The Digital Age Real Estate Ecosystem

The Experts We Need In The Digital Age Real Estate Ecosystem

A couple of months ago, we shared Real Estate Investment Insights And Access A Global Community Of Experts,” “Find The Right Experts,” and “The Forces That Will Shape The Future Of Real Estate Investing.” Those posts contain our view on how technology transforms real estate experts’ roles and their impact on the world of real estate investing.

Today, we want to tell you more about the real estate experts we at Denzity look forward to working with – think of this as our Wishlist

The digital age experts 
As we enter an era of fast-paced digitization, it is hard to predict the outlook of the real estate sector. Growing uncertainties on how technology will shape the real estate industry started with tech companies, like Zillow and Airbnb, which disrupted their sub-market inside the real estate sector.

While real estate experts fear what big disruptor is next, digital-age experts are ready to embrace and adapt to new technologies that improve their performance and service to customers. Change is inevitable: accept that the old ways of doing business might not work and focus on integrating technology so that you don’t fall behind and miss opportunities.

The core values of world-class experts 
As the world becomes more competitive, experts have curated a leading position to deliver excess value compared with their competitors. As their top priority is to exceed customer expectations, they place the needs of each customer above their own.

Having worked with many experts around the world, we’ve identified eight key qualities they tend to have:

  1. Consistent: Stay motivated and focused on the energy to go above and beyond.
  2. Disciplined: Focus on achieving your client’s goals, however difficult they may be.
  3. Trustworthiness: Make a promise and work towards upholding the highest work ethic.
  4. Dedication: Deliver detailed and well-thought-out results for your clients.
  5. Selflessness: Share your knowledge and experience to build meaningful relationships.
  6. Creative: Demonstrate deep knowledge of their domain and produce creative solutions to solve problems.
  7. Critical: Learning always like a beginner and improvise where and when needed.
  8. Passionate: Delivering value in every response you receive.

These are the types of attributes we at Denzity are looking for in real estate experts.

Our 2020 Wishlist 

As mentioned in Year-End Review 2019”, our top priority in 2020 is to broaden the pool of excellent, reliable insights directly from experts (real estate agents/brokers, institutional firms, and transactional advisors) helps address real estate enthusiasts’ uncertainties and frustrations with market research, sourcing experts & projects, and conducting due diligence in real estate investing.

As we station in Hong Kong, we start by focusing on the topics that Hong Kong real estate enthusiasts are interested in. Topics such as:

  • Real estate market (mainly the UK, Canada, the US, Japan, and Southeast Asia)
  • Property exhibitions held in Hong Kong
  • Real estate fractional ownership (crowdfunding, P2P lending, STOs)
  • PropTech
  • Feng Shui
  • And many more.

We strongly believe that building this ecosystem, which encourages contribution and transparency within the real estate industry, can speed up learning and provide better clarity for everyone involved.
If you are interested to join as one of the Denzity Experts, you can email us at [email protected]

We looking forward to speaking further. 

Above and beyond,

Darren
Co-founder, Denzity

The Leadership We Need In The 2020 Digital World

The leadership we need in the 2020 digital world

Welcome back! I hope you take some time to rest, refresh, and recharge during the holidays. If you have been following the news lately, you’ve likely experienced some good and bad, ups and downs. There are so many uncertainties with global events, such as Brexit, US-China trade war, potential recession coming, and possible US-Iran war. It is hard to predict how 2020 will plan out. 

During these troubled times, any organization that embodies positive leadership qualities will strive, especially in real estate where good thought leadership will help navigate our rapidly changing, complex, and fragmented industry.

After chatting with some experienced industry leaders, we have identified three critical aspects:

1. Be at the forefront, as a true leader

A leader needs to be at the forefront of the team. From Jim Collins’ book “Good To Great”, he describes the “Level 5 Leadership” of an organization (the ultimate top leaders) as having 7 key attributes:

(i) Be ambitious for the organization to excel but modest about what you contribute.

(ii) Be fanatically driven, obsessed even, to produce exceptional results on a sustainable basis.

(iii) Build successors to be even more successful.

(iv) Share the praise amongst the team when things go well.

(v) Be happy to take the blame when things go wrong.

(vi) Never have larger than life personalities.

(vii) Greatness comes from quiet, hard work, rather than heroic acts.

For more information, I would suggest checking out his book. As a true leader, you need to set yourself at the highest standard to allow your team to follow.

2. Transparent communication

As a leader, you might face stress or a tough decision to make. Do not put the problems just on your shoulders – share the burden with your team and tell-it-like-it-is to ensure the free flow of information. By sharing decision-making tasks and involving multiple people during brainstorming, your team can generate ideas freely in your organization to help solve problems together.

3. Actively listen to your team and make this a priority

In this environment, you need to evolve with the market swiftly and adapt to change with growth in mind. To spot these subtle movements, you need to actively listen to your team carefully. Exceptional leaders regularly check-in with their team. From their conversations, you might find cues in your team spot that you have not. Also, learn what they suggest (process and tools) that might help your organization be more productive.

Great leaders, whether you are in the real estate or the PropTech sector, need to continually find ways to improve and respond to the market so that their organization will be at the forefront of the exciting changes. You, as a leader, are in charge of finding the areas where change is needed. Be the version of yourself and strive for betterment.

As a leader, what is your biggest pain point? What innovation do you hope to see more of within your organization and the sector? Let us know in the comments below.

Above and beyond, 

Darren

Co-founder, Denzity

3 Biggest Technology Trends The Real Estate Sector Must Embrace

3 Biggest Technology Trends The Real Estate Sector Must Embrace

We recently shared PropTech: Past, Present, and Future and The Forces That Will Shape The Future of Real Estate Investing, our view on how PropTech could impact the real estate sector. Today, we want to share our thoughts on three technological trends the real estate sector will need to embrace. Are you ready? Let’s dive in! 

Market research 
Real estate market research has typically been a tedious and time-consuming process, which is why companies like CoStarReal Capital Analytics, and Realinflo have spawned to utilize technology to provide investors with insights. Social listening, AI, and big data will play a significant role in PropTech companies to compile and deliver tailored analysis to their customers. For example, Realinflo has compiled the largest and most up-to-date database of leases in Hong Kong over the last 2 years.

Sourcing projects 
As the number of online real estate portals, such as ZillowRedfin, and Spacious have spawned for investors to find residential properties online, the vast array of offerings in different real estate types serves to meet a diversity of investor demand. It’s only a matter of time before investors access a single portal to access all types and sizes of real estate opportunities around the world. If you are a real estate broker and not utilizing these portals, you are going to miss out!

Fundraising projects 
Real estate firms that have embraced the new ways to fundraise (e.g. real estate fractional ownership) are leading the wave of technological and regulatory advancement in real estate. Leaders such as Property PartnerBlend Network, and iFunded are providing investors with access to a broader range of projects with more flexible contribution amounts. Owning a fraction of a fancy hotel or a beautiful vineyard with a couple of thousand dollars? Count me in! 

The Missing Piece 
While tons of companies are working on different problems within the real estate investment process, nobody is working on bridging the gap bring these real estate portals together. Why is it important? Investors often shy away from the fragmented and complex real estate industry – known to be costly, inefficient, and scattered. A single portal would serve and evolve around the needs of its core user base of everyday investors.

Someone needs to address the huge pain point with real estate investment: streamlining the investor’s journey from a matter of weeks down to a few days.

We at Denzity have the answer. 

The solution is to act as the glue – collaborating with different partners (such as real estate databases, project providers, and experts) to enhance the investor’s experience and allow investors to have better-informed decisions throughout their exploration based on their criteria. By having access to this ecosystem, real estate investors can explore the world of real estate investing all in one place effortlessly and unlock their full potential.  

What is your biggest pain point? What innovation do you hope to see more of within the real estate sector? Let us know in the comments below.

Above and beyond,

Darren
Co-founder, Denzity