The three rules of real estate are location, location, location. But the fourth one just might be technology, especially for lawyers who are looking to remain or become the go-to resources for the growing number of clients taking an interest in property technology (“prop tech”).
For the uninitiated, “prop tech” is an umbrella term for the place where real estate and technology meet. Standing under that umbrella you might find everything from software that automates lease corrections to an app that instructs a tenant where he or she can find the pizza parlor closest to their new apartment building.
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