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Foundation terms you need to know first (13 terms)
Professional real estate photography involves hiring skilled photographers to capture high-quality images of a property, showcasing its best features to attract potential buyers or tenants and maximize its market appeal.
Online real estate forums are digital communities where investors, agents, and other professionals connect to share knowledge, discuss strategies, and find opportunities in the real estate market.
Real estate software comprises specialized digital tools and applications designed to help investors, agents, and property managers streamline operations, analyze deals, and manage properties more efficiently.
A smart lock is an electronic and mechanical locking device that allows users to control access to a property remotely using a smartphone, keypad, or biometric data, enhancing security and convenience for real estate investors.
BiggerPockets is a leading online platform and community for real estate investors, offering extensive educational resources, forums, podcasts, and tools for all experience levels.
Complex strategies and professional concepts (9 terms)
Blockchain in real estate applies distributed ledger technology to enhance transparency, efficiency, and security in property transactions, ownership, and management through innovations like tokenization and smart contracts, fundamentally transforming the industry.
Disintermediation is the process of removing intermediaries from a transaction or supply chain, allowing direct interaction between parties. In real estate, this often means investors and borrowers or sellers engaging directly, bypassing traditional financial institutions, brokers, or other middlemen.
Smart contracts are self-executing agreements with the terms of the agreement directly written into lines of code, residing on a blockchain. They automate, verify, and enforce the negotiation or performance of a contract, eliminating the need for intermediaries.
A smart contract is a self-executing digital agreement with terms directly coded onto a blockchain, enabling automated, immutable, and transparent transactions without intermediaries.
Real Estate Tokenization is the process of converting real estate assets into digital tokens on a blockchain, representing fractional ownership or economic rights, and enabling enhanced liquidity and accessibility for investors.
The 5-Hour Real Estate Week is a strategic framework for real estate investors focused on maximizing portfolio returns and growth while minimizing active time commitment through automation, delegation, and optimized systems.
Augmented Reality (AR) is a technology that overlays digital information onto the real-world environment, enhancing a user's perception of physical surroundings through devices like smartphones or smart glasses. In real estate, it's used for virtual staging, interactive property tours, and visualizing future developments.
Automated messaging involves using pre-programmed digital communications (emails, SMS) to automatically engage with leads, tenants, or investors based on specific triggers or schedules, streamlining real estate operations and enhancing communication efficiency.
An Automated Valuation Model (AVM) is a computer-generated real estate valuation based on mathematical modeling combined with a database of existing property and market information. It provides an estimated property value quickly and cost-effectively, often used for preliminary analysis.
Big Data in Real Estate refers to the collection and analysis of massive, diverse datasets—including market trends, demographics, and property records—to uncover patterns and insights that inform strategic investment decisions and optimize property management.
BiggerPockets is a leading online platform and community for real estate investors, offering extensive educational resources, forums, podcasts, and tools for all experience levels.
A financial black box refers to an opaque system or model where inputs and outputs are known, but the internal processes, algorithms, or logic are hidden or too complex to understand, often due to proprietary nature or extreme complexity.
Blockchain technology is a decentralized, distributed ledger system that records transactions across a network of computers, ensuring immutability, transparency, and security through cryptographic hashing and consensus mechanisms, fundamentally altering real estate transaction paradigms.
Blockchain in real estate applies distributed ledger technology to enhance transparency, efficiency, and security in property transactions, ownership, and management through innovations like tokenization and smart contracts, fundamentally transforming the industry.
A software solution used by property managers and owners to manage and distribute their rental property listings across multiple online travel agencies (OTAs) and booking platforms from a single interface, ensuring real-time synchronization of availability and pricing.
Digital nomad housing refers to real estate properties specifically designed or adapted to cater to the needs of remote workers who travel frequently, offering flexible lease terms, furnished spaces, and amenities conducive to productivity and community.
A Digital Twin is a virtual, real-time replica of a physical real estate asset, continuously updated with data from sensors and other sources to enable advanced monitoring, analysis, and predictive modeling for optimized management and investment decisions.
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