PRESIDENT | Donald B. Wilkerson, CPM
SECRETARY/ TREASURER | Cheryl Ann Gray, CPM
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EDITORIAL ADVISORY BOARD
Education and Knowledge Products Committee
Aimee O’Connor, CPM, Chair Jeffrey Bettinson, CPM, Vice Chair
Christopher Becker, CPM Sandi Cmko, CPM
Saul Gumede, CPM Stephen Margerum, CPM
John O’Donnell, CPM
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SEP.OCT 2018 / VOL. 83, NO. 5
In one way or another, technology has always
been with us. But now it seems to be evolving at a rapid
pace like never before. By the time we‘ve learned about “the latest,” there’s a new and improved “latest” to which we need to pay
attention. It helps to be nimble in this age of technology, keep our
eyes and ears open for new developments and be ready to adapt.
One technology that’s creating a very loud buzz is blockchain.
We most often hear about it in relation to cryptocurrency, but it’s
beginning to catch on in other areas as well—and the real estate
industry is no exception. Some in our field believe, as you’ll see
when you turn to the feature on P10, that it’s just a matter of
time before property management adopts a standard blockchain
system for our records. We hope this article will familiarize you
with what blockchain is, what to expect from it and how it could
affect your business in the future.
How we interact with others has obviously changed because
of technology. For example, its use can go a long way toward
streamlining communications between property managers and
their vendors. Whether taking bids, tracking projects or sharing
documents, there are now several tech approaches property managers and vendors can take to exchange information and track
progress, among other things. If you flip to P16 you can learn
more about how property managers can leverage technology to
maintain their vendor relationships.
And how does technology shape our laws? Our Public Policy column on P34 tackles two areas where legislation has been
making headlines—net neutrality and data security. Both play
significant roles in best business practices, so changing the regulations that govern them naturally means changing the manner
in which we do business, perhaps in critical ways.
Technology is an ever-evolving arena; if you don’t try to at
least be aware of its developments, it can put you on a rocky
road. But if you hold on and ride its many waves, it can open up a
world of opportunities for you—and your real estate enterprises
—to evolve with it.