Verona at District Heights Forestville MD Residential Community

Vito Dragone, a professional focused on property rehabilitation and development in Washington, DC, leads Dragone Realty Investments as president and manages an extensive property portfolio. Vito Dragone pays close attention to multifamily real estate, particularly trends in the industry.

One recent trend making headway in multifamily housing is property technology, or proptech, which is the intersection of information technology tools and the real estate industry. One example of proptech is the Bluetooth-enabled smart home automation technology developed by SmartRent. The Arizona company’s platform synchs with a system that allows people to schedule tours of rental homes, verify identities, and unlock a smart lock using a device. This enables the safe, secure, and verified tour of spaces for rent without the presence of a real estate agent.

Once tenants move in, they can use the same system to control thermostats or lights remotely. Residents can also enable access to their apartment building for select visitors, including people delivering food. This type of proptech marks the beginning of technological impact in the multifamily property segment, with some users employing cloud-based platforms for activities such as building maintenance and energy-use management.

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