There’s an app for that … or maybe not: Will there ever be an asset-management application to replace intuition, judgment and street smarts?
We are all drowning in an electronic flood, with each new platform claiming to offer a solution to our most pressing problems. Real estate investment management is no different. Asset managers field daily calls touting the latest technology — miracle applications that are guaranteed to make us more efficient. These “apps” cover the gamut of the asset manager’s responsibilities, including leasing productivity, market comps, credit analysis, portfolio maximization, life safety, energy efficiency, security, Internet connectivity, sustainability, tenant satisfaction, mapping — the list goes on. Each has been designed to make us more productive as we move toward the 24-hour workday. Some have been highly effective, enabling us to better manage our time; communicate more responsively; provide consistent, actionable data; and operate with greater mobility. Others have been disappointing. Identifying the best tools for the issues at hand can be a challenge.
But will there e