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The future is now: Invest in real estate using cryptocurrency

(TECHNOLOGY NEWS) Real estate is going on trend and through REAL, investors can now use cryptocurrency to invest in real estate.

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Real Estate Asset Ledger

The cleverly acronymed Real Estate Asset Ledger (REAL) is important, because it’s one of the first instances ever of a seamless platform for investing cryptocurrency in real estate. Blockchain solutions have been nibbling around the edges of the real estate market for a while. That’s still a big deal. We’ve reported on it.

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But involvement has been limited. We’ve noted limited applications of blockchain tech to specific real estate issues like listing databases or mortgage payments. There’s been no large-scale attempt to buy into the real estate market as a whole.

REAL solution

Meet REAL. REAL is interested in the big show: making it possible to invest in and even purchase real estate with cryptocurrency. That’s new.

In fact, it’s new two ways. Not only is it, y’know, using a completely new form of money, it’s doing it in a way that’s still drawing open-mouth stares from Realtors and commentators alike when it’s being done with normal dead-tree/president money. That would be low-equity investment.

TL;DR on low-equity investment, or to use REAL’s term, “real estate crowdfunding,” goes like this. Instead of a single party owning a given piece of real estate and selling it to another via a structured series of payments secured with collateral (or “mortgage”; you may have heard of it) a group of investors, not necessarily connected, buy shares in real estate like any other investment and profit from any rise in value.

REAL is a real estate crowdfunding platform.

It lists properties interested in being crowdfunded, accepts investments in REAL Tokens, its in-house cryptocurrency, and pays out in Ether, a more widely used cryptocurrency, to be spent on cars and sandwiches and things.

So the REAL offer is twofold: cryptocurrency and crowdfunding. Rad. Who cares?

Pro cryptocurrency

REAL’s argument for cryptocurrency is pretty much the same as NAR’s, as explained here: real estate requires investment, and cryptocurrency is a giant pile of value no other investment space has seriously leveraged yet.

Investors with limited options get a huge chance to profit, real estate gets committed investors – win-win.

Their argument for crowdfunding, however, goes a step beyond. I have previously waxed lyrical on the benefits of distributed risk. That’s always been the problem with mortgages as a financial tool: failure sucks, hard, for everyone. Having multiple investors rather than a single mortgage means a bunch of people benefit when things go well, and one person isn’t left holding the bag when things don’t. That provides means to forego conventional foreclosure, since all investors, occupants included, have a vested interest in the property getting more valuable and don’t lose everything if things go south.

That’s good news both for the P&L sheet and the soul. Due respect to our Dickens villain readership, most real estate professionals don’t actually like making people homeless.

REAL identifies a plus that didn’t occur to me, because, for once in my digital life, I wasn’t thinking in terms of blockchain. Crypto plus crowdfunding equals international.

Being peer to peer, cryptocurrency values are determined between people directly.

They don’t care about borders. There’s no difference between an American REAL Token and a Chinese one. Real estate crowdfunding alone was worth $3.5 billion last year. Forbes estimates the global crowdfunding industry as a whole at $300 billion by 2025. That’s a lotta tokens.

What’s to come

Whether REAL’s model is the best way to take advantage of that is an open question. What isn’t is that both crowdfunding and cryptocurrency will be a part of the real estate market in the coming years. Plan accordingly.

#REALinvestment

Matt Salter is a writer and former fundraising and communications officer for nonprofit organizations, including Volunteers of America and PICO National Network. He’s excited to put his knowledge of fundraising, marketing, and all things digital to work for your reading enjoyment. When not writing about himself in the third person, Matt enjoys horror movies and tabletop gaming, and can usually be found somewhere in the DFW Metroplex with WiFi and a good all-day breakfast.

Real Estate Technology

If your task lists are based on your email inbox, meet Moodo

(TECHNOLOGY NEWS) Moodo is helping people by removing the need to organize their organizers with the invention of their own task manager.

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There are plenty of devices and platforms out there that ensure productivity. However, using all of them at the same time will do just the opposite. That is why one company, Moodo, has found a solution.

They have developed a way to create task lists and schedule events all by starting with email.

Moodo was founded by Grant Watters and Jay Meistrich after they realized just how much time they wasted “organizing their organizational systems.” Even they recognized how many devices and separate tools they were using to keep up with their daily to-do lists.

Ultimately, it made them less productive as more time was spent task switching, tracking down content and translating it to team members than performing the tasks themselves. This led them to create Moodo, an application that deciphers tasks lists directly from your inbox.

Anyone can begin making outlines through Moodo. First, you start with your inbox. Users can sort, prioritize and organize emails based on their content. The tool allows users to make various outlines, where emails are dragged, dropped and saved as tasks.

Outlines can be viewed all together, or can be zoomed in and searched for specific content.

Additionally, users can match up their to-do lists with their calendars. Tasks can easily be placed into calendars to correspond with your schedule. It is a way to ensure that no tasks are overlooked or forgotten because they reside in more than one place.

Moodo is not only a great way to boost individual productivity, but also work ethic among a group. Multiple members on a team can view and edit task lists and calendars in real-time. Everyone can use their individual devices to collaborate. Moodo also works offline. Changes to any content will be synced once you go online again.

The company can ensure users’ privacy because none of the content passes through servers, instead it is stored on Google Drive. People can start using Moodo for free. It is also currently available on all devices.

So why not put your email to good use? With Moodo, everything works better when it works together.

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Real Estate Technology

It’s complicated, but how does one move out of a smart home?

(HOMEOWNERSHIP) We live in a world of the latest, greatest tech gadgets for a smart home, but what happens to them and the information they’ve collected when you’re ready to move?

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One of the attractions to a smart home is customization; you can customize everything from the temperature, to the amount of light in a particular room. Smart homes can accommodate nearly every preference and in most cases, anticipate what you need, but what happens to all this technology, and more importantly, the data this technology has collected, when you decide to move out of your smart home?

Hardwired versus stand-alone
Most smart homes have a stand-alone hub (or central control) that connect your lights, thermostat, sprinklers, and everything else, while some more involved, automated units require panels to be directly wired into the walls. As you can imagine, the wired-in units, are obviously not going to be walking out the door with you quite as easily when you leave, as a stand-alone hub (like Alexa or Google Home). More importantly, however, where is the data going that your thermostat, security cameras, voice-activated controls, and everything else have collected when you leave? How do you lock down those devices and data so the next occupant cannot access your sensitive information?

Locking it down and resetting devices
Your first priority should be to make certain your software is up-to-date and that you are using the latest security and encryption protection that’s compatible with your system. Each aspect of your smart home likely has a “disconnect” or “uninstall” process and you’ll likely need to consult with each one to insure you have a smooth and safe transition to your new home. Even if you’re taking the components of the system with you, you’ll need to reach out to customer support and let them know your new location. If you’re leaving them behind, tech support will likely recommend that you reset it to the factory default, so the next family will be able to connect their system and adjust to their preferences.

Protecting data and IoT
While dealing with the actual devices is important, as an entire connected home can become quite expensive, even more crucial, is ensuring that your data is protected when you move. This brings us back to a topic we have long and frequently discussed: the IoT (Internet of Things) and who in fact owns the information collected from a smart home?

In general, if you own your home, you own the data, although, each app/program/vendor/utility can vary so always, always, always, read the terms and conditions before you click “accept” when you begin using a new program or app. The ToS will likely tell you what the company will do with the data it collects from your devices and you need to protect the ownership of your data. Also, read the privacy policy as some data can be sold to 3rd parties (for massive profit) if you blindly click “accept.”

If you still think it’s no big deal, you might want to read about who will profit from the IoT. Also dig in to who owns what type of data, because let’s face it, you want to know where and how video footage, door lock access codes, and security alarm entries are being stored.

If you take nothing else away from this article, let it be to double-check your encryption setting and your preferred apps’ data storage/sales policies because these are the two most important and proactive steps you can take to prevent your data from falling into the wrong hands, not only when you leave your existing smart home, but also in general while you are using and enjoying your automated technology.

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Real Estate Technology

Drone simulator apps let you try before you buy

(TECH NEWS) Want to boost your Realtor cred with awesome drone photos but not sure you want to put down the cash? This company has an option to let you try it out free of charge!

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drone simulator

Finally. Finally. It’s the article I was born to write. In the following few paragraphs, please find detailed, easy-to-use instructions on how to construct, master and deploy your very own robot army.

Wait, what?

I don’t… I don’t understand. You don’t want an army of flying buzzbots, programmed to indulge your every whim?

You just want them to do your job better? Seriously?

No, no, that’s OK. I’m not disappointed. More for me.

But seriously, folks. Drones are amazing tools for Realtors, providing an opportunity for detailed, high-quality observation of properties, opening up new security solutions for prospective and current customers, and generally changing the game.

Game,” unfortunately, is the operative word. I’ve been a gamer since DOS and I still can’t run a flight sim without plowing a Learjet into Newark. All that costs me is my save. Getting this “game” wrong means turning hundreds of dollars into scrap and smoke.

Thankfully, for once the expertise is ahead of the implementation.

The Drone Racing League, which turns out is a thing, has a user-friendly, full featured drone flight simulator on the market.

And the best part? It’s not on the market at all.

The DRL already has builds for PC and Mac ready to go, though of course you’ll need a computer that can handle the beast. You’ll also need a controller. The standard input device for professional droning is an RC controller, the stylish great grandson of those black antenna boxes that slammed so many tiny cars into so many walls on so many Christmas mornings.

But DRL has you covered: no specialist controller needed. Just about anything that plays nice with USB will work, including Playstation and Xbox controllers. There’s even online multiplayer, so if you want to get really good at taking pretty pictures of your properties (or like flying bundles of pixels around super fast) dive in.

Drones are flocking in droves to the real estate market, and not just as the first stage of conquest for my robot empire.

High-quality images of your properties are a great way to set yourself apart from the rest of the market.

If you want to know if it’s worth your investment, here’s a great – and free! – way to find out.

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