The Experts We Need In The Digital Age Real Estate Ecosystem

The Experts We Need In The Digital Age Real Estate Ecosystem

A couple of months ago, we shared Real Estate Investment Insights And Access A Global Community Of Experts,” “Find The Right Experts,” and “The Forces That Will Shape The Future Of Real Estate Investing.” Those posts contain our view on how technology transforms real estate experts’ roles and their impact on the world of real estate investing.

Today, we want to tell you more about the real estate experts we at Denzity look forward to working with – think of this as our Wishlist

The digital age experts 
As we enter an era of fast-paced digitization, it is hard to predict the outlook of the real estate sector. Growing uncertainties on how technology will shape the real estate industry started with tech companies, like Zillow and Airbnb, which disrupted their sub-market inside the real estate sector.

While real estate experts fear what big disruptor is next, digital-age experts are ready to embrace and adapt to new technologies that improve their performance and service to customers. Change is inevitable: accept that the old ways of doing business might not work and focus on integrating technology so that you don’t fall behind and miss opportunities.

The core values of world-class experts 
As the world becomes more competitive, experts have curated a leading position to deliver excess value compared with their competitors. As their top priority is to exceed customer expectations, they place the needs of each customer above their own.

Having worked with many experts around the world, we’ve identified eight key qualities they tend to have:

  1. Consistent: Stay motivated and focused on the energy to go above and beyond.
  2. Disciplined: Focus on achieving your client’s goals, however difficult they may be.
  3. Trustworthiness: Make a promise and work towards upholding the highest work ethic.
  4. Dedication: Deliver detailed and well-thought-out results for your clients.
  5. Selflessness: Share your knowledge and experience to build meaningful relationships.
  6. Creative: Demonstrate deep knowledge of their domain and produce creative solutions to solve problems.
  7. Critical: Learning always like a beginner and improvise where and when needed.
  8. Passionate: Delivering value in every response you receive.

These are the types of attributes we at Denzity are looking for in real estate experts.

Our 2020 Wishlist 

As mentioned in Year-End Review 2019”, our top priority in 2020 is to broaden the pool of excellent, reliable insights directly from experts (real estate agents/brokers, institutional firms, and transactional advisors) helps address real estate enthusiasts’ uncertainties and frustrations with market research, sourcing experts & projects, and conducting due diligence in real estate investing.

As we station in Hong Kong, we start by focusing on the topics that Hong Kong real estate enthusiasts are interested in. Topics such as:

  • Real estate market (mainly the UK, Canada, the US, Japan, and Southeast Asia)
  • Property exhibitions held in Hong Kong
  • Real estate fractional ownership (crowdfunding, P2P lending, STOs)
  • PropTech
  • Feng Shui
  • And many more.

We strongly believe that building this ecosystem, which encourages contribution and transparency within the real estate industry, can speed up learning and provide better clarity for everyone involved.
If you are interested to join as one of the Denzity Experts, you can email us at [email protected]

We looking forward to speaking further. 

Above and beyond,

Darren
Co-founder, Denzity

12 steps of the real estate investing process you need to know

Real Estate Investment Process

Successful real estate investment means you understand the investment process inside out. We’ve created a 12-step flow chart of the real estate investment process. You can download by clicking on this link: https://bit.ly/2R2QpJl 

Education

  • Learn about the fundamentals of real estate
  • Understand how the economy affects the real estate market
  • Form strategies and plan around your investment goal

Market research

  • Take time to understand a specific niche market
  • Surround yourself with like-minded real estate enthusiasts
  • Read multiple market reports

Sourcing experts

  • Find the right experts with the right domain
  • Be clear on what you need
  • Understand their scope and fees before engaging experts

Sourcing projects

  • Find comparables within the area
  • Drill down into the details
  • Keep track of your findings

Conducting due diligence

  • Don’t interpret the findings and results
  • Keep track on the progress with checklists
  • Check with experts regularly and see if they spot red flags

Fundraising

  • Prepare a clear and detailed business plan for investors
  • Make sure you are aligned with shareholder expectations
  • Be transparent about the potential risks

Bidding on projects

  • Communicate clearly on your terms
  • Get advice from your experts on your terms
  • Follow the steps during the transaction process

Financing

  • Source multiple options before committing
  • Assess how the financing terms affect the project
  • Maximize your risk-reward tolerance for leverage

Negotiating

  • Ensure your agent/broker is acting in your best interest
  • Be patience and disciplined during negotiations
  • If something doesn’t feel right, protect your interest by taking the time to evaluate. If not, you can always walk away

Transacting & closing

  • Make sure the fund flow is clear
  • Ensure all agreements are well-documented
  • Make sure the experts acknowledge the fund transfer

Managing the property/asset

  • Appoint experts with the right experience
  • Build a healthy relationship with your tenants
  • Keep track of your performance

Selling

  • Get advice from experts on the price point
  • Do your research to find the best time to sell
  • Find out how other similar and nearby projects’ marketing effort

If you are clear on these steps, you can find the property of your dreams without wasting precious time and effort. We will layout more detail for each step in the future.

Do you find this tip helpful? What real estate tips would you like to know?  Please share with us in the comments below.

Year-End Review 2019

We have spent some time reflecting on our journey and want to share our exciting plans for 2020.

2019 is almost over, and we are only a couple of weeks away from turning 1-year old (Woohoo!). We want to thank everyone who has encouraged and supported us along this journey. We have spent some time reflecting on our journey and want to share our exciting plans for 2020.

At first, we set out to build a comprehensive real estate fractional ownership database worldwide. By aggregating hundreds of real estate fractional ownership platforms scattered worldwide, our portal was designed for you to find everything in one place and in an organized manner to streamline your research and due diligence process before investing in real estate fractional ownership. You can get a better grasp of the industry landscape and spot opportunities easier and faster. We were confident that our platform would become a key enabler in this sector. 

However, after launching our beta and getting feedback, we realized that our platform has yet to establish an essential element: forming a close-knit community of real estate enthusiasts and real estate experts by encouraging contribution and transparency. Community engagement enables deep, meaningful relationships to build trust and confidence.  Having a pool of excellent, reliable insights directly from experts (real estate agents/brokers, institutional firms, and transactional advisors) helps address your uncertainties and frustrations with market research, sourcing experts & projects, and conducting due diligence in real estate investing. This access can speed up your learning and provide you better clarity for your real estate exploration.

This “Aha” moment led us to launch the Denzity Forum last month with a handful of users and experts. Not only that, users found the answers useful, the experts found the information exchange meaningful! So, we have decided to expand our scope from real estate fractional ownership to include more segments of the real estate sector. Our top priority in 2020 is to broaden this community by empowering a cosmopolitan environment that gives you access to a growing range of insights and projects directly from experts worldwide. We believe this direction will significantly benefit you and the real estate sector worldwide in the long run. 

We are excited about next year! If you want to find real estate insights, find potential real estate projects, or connect with link-minded real estate enthusiasts and real estate experts, then our platform can help you to achieve your goal. 

Find more about the forum here: https://forum.denzity.io/topic/130/year-end-review-2019

Wish you a Happy Holidays and talk to you again in 2020,

Darren

Co-founder, Denzity

3 Biggest Technology Trends The Real Estate Sector Must Embrace

3 Biggest Technology Trends The Real Estate Sector Must Embrace

We recently shared PropTech: Past, Present, and Future and The Forces That Will Shape The Future of Real Estate Investing, our view on how PropTech could impact the real estate sector. Today, we want to share our thoughts on three technological trends the real estate sector will need to embrace. Are you ready? Let’s dive in! 

Market research 
Real estate market research has typically been a tedious and time-consuming process, which is why companies like CoStarReal Capital Analytics, and Realinflo have spawned to utilize technology to provide investors with insights. Social listening, AI, and big data will play a significant role in PropTech companies to compile and deliver tailored analysis to their customers. For example, Realinflo has compiled the largest and most up-to-date database of leases in Hong Kong over the last 2 years.

Sourcing projects 
As the number of online real estate portals, such as ZillowRedfin, and Spacious have spawned for investors to find residential properties online, the vast array of offerings in different real estate types serves to meet a diversity of investor demand. It’s only a matter of time before investors access a single portal to access all types and sizes of real estate opportunities around the world. If you are a real estate broker and not utilizing these portals, you are going to miss out!

Fundraising projects 
Real estate firms that have embraced the new ways to fundraise (e.g. real estate fractional ownership) are leading the wave of technological and regulatory advancement in real estate. Leaders such as Property PartnerBlend Network, and iFunded are providing investors with access to a broader range of projects with more flexible contribution amounts. Owning a fraction of a fancy hotel or a beautiful vineyard with a couple of thousand dollars? Count me in! 

The Missing Piece 
While tons of companies are working on different problems within the real estate investment process, nobody is working on bridging the gap bring these real estate portals together. Why is it important? Investors often shy away from the fragmented and complex real estate industry – known to be costly, inefficient, and scattered. A single portal would serve and evolve around the needs of its core user base of everyday investors.

Someone needs to address the huge pain point with real estate investment: streamlining the investor’s journey from a matter of weeks down to a few days.

We at Denzity have the answer. 

The solution is to act as the glue – collaborating with different partners (such as real estate databases, project providers, and experts) to enhance the investor’s experience and allow investors to have better-informed decisions throughout their exploration based on their criteria. By having access to this ecosystem, real estate investors can explore the world of real estate investing all in one place effortlessly and unlock their full potential.  

What is your biggest pain point? What innovation do you hope to see more of within the real estate sector? Let us know in the comments below.

Above and beyond,

Darren
Co-founder, Denzity

Top 5 topics on real estate investing in Germany

This week, we want to share with you the top five topics on real estate investing in Germany from our community.

Read more: https://forum.denzity.io/tags/germany

1. Can a foreigner buy property in Germany?
Read more: https://bit.ly/38aEhO1

2. Can a non-EU citizen buy property in Germany?
Read more: https://bit.ly/2sQxHMF

3. Is this the right time to buy property in Germany?
Read more: https://bit.ly/2OU5qx9

4. How much does a property manager charge for an apartment Munich [Germany]?
Read more: https://bit.ly/2YsnMbN

5. What’s the leasing term like for residential units in Munich [Germany]?
Read more: https://bit.ly/2Lty1ar

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What do you think of the post? What do you want more or less of? Other suggestions? Let us know! 

3 Key Factors That Drive The Real Estate Market

Before you start looking into specific real estate investments, you must understand some key factors that might affect your decision.  So, we think it would be a great idea to give you a quick reminder before starting your search. 

The Economy
The real estate market is closely linked with the economic cycle. Even if the property is sound, your investment (at least on a mark-to-market basis) might be dragged by economic factors. During the economic downturn, there tend to be some negative effects, such as the unemployment rate rises, and consumption level decreases. These combined might cause risks to your investment.

Government Policies
Government policies affect the economy and influence (both local and foreign) investors’ sentiment. During political instability, people might delay their purchases or sales to wait for the certainty of the directions and the policy implications. Tax credits, deductions, and subsidies are some of the ways that policy may affect your investment.

Supply and demand
Population demographics affect how real estate is priced and what type of properties are in demand. Additionally, social and cultural aspects might affect different markets in certain areas. Being aware of these trends can help you to think about your investment strategy.

All these factors are intertwined and it’s all about timing. Understanding the connection can help you to conduct a better evaluation of potential investments. If you are uncertain about what you want, speak to real estate experts! They can deliver the knowledge and insights you need to fast track your search. 

If you enjoy this post, please share it with a friend! 

What do you want more or less of? Other suggestions? Let us know! Please give us feedback on our forum.

Weekly Digest: Top 5 topics on real estate investing in Japan

This week, we want to share with you the top five topics on real estate investing in Japan from our community.

  1. How would the gambling license affect the Japan hotel market?
    Read more: https://bit.ly/33ulIB8
  2. What’s the process for foreigners to buy Japanese houses?
    Read more: https://bit.ly/2R37rZA
  3. Which area in Kyoto [Japan] should I look for a vacation home that is also close to the train station?
    Read more: https://bit.ly/34vhr1n
  4. How much tax should I pay when I sell my condo [Japan]?
    Read more: https://bit.ly/37Qteta
  5. Would you suggest investing in Japan car parks?
    Read more: https://bit.ly/33BeueJ

4 Things You Should Let Your Agent/Broker Know

Many real estate investors don’t know what they want and aren’t able to articulate their needs with the agent/broker. The key here is forming a trust so that your agent/broker is clear on your needs & preferences. Make sure you have the systems in mind before engaging with an agent/broker, too.

  1. What is your expectation? Start with managing each other’s expectations to avoid wasting time and effort. If you have a maximum amount you want to spend, or will not consider a certain area, or you have a definite timeline, you should articulate clearly.
  2. What are your past or current property investments? You can tell a lot through evaluating your past and existing real estate investments. It can give your agent/broker a better understanding of your investment appetite.
  3. What is the purpose of the purchase? Are you planning to move into the property? Is it strictly an investment? Is it for your future children when they move there for school? This would affect a lot on what types of properties your agent/broker would suggest.
  4. How long are you planning to keep the property until you sell? Similar to the previous point, the expected investment holding period affects the strategy of property investment.

If you are clear on these details at the initial stage, you are more likely to find the property of your dreams without wasting your precious time and effort.

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The New Way Of Real Estate Investing: Real Estate Fractional Ownership

If you have been following us closely, you would know that we are big believers of the real estate fractional ownership movement. Well, that is why we founded Denzity! Today, I’d like to share with you the story of how we started Denzity and our thoughts on this movement.

Our story starts from our hometown, Hong Kong. With the city’s characteristic of free trade, low taxation, and minimum government intervention, it has been one of the world’s largest trading economy.

In recent years, the Hong Kong real estate price has dramatically increased. Rent has skyrocketed so high that life has become unaffordable. Many businesses have been forced to close as they can no longer afford rent. Recognizing this harsh reality, the city’s young generation have realized that owning a home will be impossible without a sizable mortgage or with help from family. In fact, they just want to have real estate ownership, as investment, without the need for placing all their eggs in one basket. They wish they had the opportunity to be part of the development phase in early Hong Kong, like their families had in the old days. Seeing the rapid development and urbanization around the globe, they wish to have the opportunity to invest into the future and shape the world they believe in.  

Feeling trapped in this vicious cycle, people have become increasingly frustrated and angry. This saddens me. How can the younger generation, like us, ever afford to invest in real estate and put our savings to work? I have constantly thought of how this crisis could be fixed.

After digging deeper, I have found the breakthrough – the real estate fractional ownership movement. It is a new method, which allows you to invest in a real estate investment projects with only the fractional of the property price through an online platforms. Through this type of real estate investing, you are able to invest in a wide variety of properties without having to deal with complicated processes such as working with mortgage brokers, real estate agents, or contractors.

The real estate fractional ownership platforms will also take care of the day-to-day tasks to ensure the successful completion. Allowing you to gain the returns without the hassle of managing your property. As these real estate fractional ownership platforms become popular in many different countries, you can diversify asset-backed investments worldwide with small amount of capital contribution. This movement is the medium by which everyday investors can overcome the traditional barriers to enter the real estate market. Starting with less than HKD $200,000, anyone can invest in real estate. Now, we can diversify our portfolio and lower risk by allocating capital to professional real estate managers and platforms. Having this goal in mind, Denzity was born.

By combing multiple platforms and presenting information easily digestible, Denzity can help Hong Kong people and other people from around the world to have an additional global investment gateway — allowing them to put their savings to work, something that could not be done before. The wealth generates from real estate is no longer barriered by the 1% who has the money to participate. This is the new way to seize the opportunities!

We hope our effort can make an impact to the people around us. More importantly, we hope this story speaks to you. To learn more, please join this movement with us, Denzity. Some of our followers have asked about our updates and we would like to share with you next time.

Thanks for staying tuned and speak to you soon.

Darren 

Co-Founder, Denzity

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Ask Me Anything: Real Estate Investing Abroad v1

Hey everyone!

We have started a questionnaire with the goal to help people around addressing questions or doubts one might have on real estate investment. My buddies and I always geek out on real estate investing, and we think it’d be a great idea to share what we have in the pocket and pick each other’s brains, too!

You can join this community by clicking here: https://forms.gle/vYAduHAeWkJ57ueC8

By joining this group, you can let us know more about yourself or any possible queries within real estate investing. All user’s questions will be kept anonymous and private. In return, we will reach out to the community and find the right experts to answer your questions. And, it’s totally free! We will regularly inform the community about the questions and answers we have collected.

– Darren & Denzity Team