System development in the real estate rental industry is rapidly shifting from a paper-based and face-to-face approach to digitalization and online processes.
Currently, rental management systems that enable centralized cloud-based management of property information, tenant recruitment, contract creation, rent collection and reminders are becoming widespread.
Furthermore, prospective tenants can now book viewings and apply online, and the introduction of electronic contracts and signatures is standardizing face-to-face procedures.
AI-based demand forecasting and recommendation functions are being used to propose properties to tenants, while RPA is being used to automate contract renewals and settlement processes.
In the future, we can expect to see property management linked to smart locks and IoT devices, rental market analysis using big data, and transparency of contracts and rights relationships using blockchain.
Furthermore, with the declining population and increasing number of vacant homes, systems are expected to become more flexible and multifunctional, addressing the need to accommodate shared housing and short-term rentals.