How has the Digital Era impacted the Real Estate Industry

Computer screens, tablets, smartwatches, smartphones, and our daily lives are infiltrated by technology. From the moment we wake up in the morning to the moment we go to bed at night, technology has been around us all day. With the advent of technology in every field, the real estate sector has also been impacted by such a revolution globally. Managing multiple properties in a traditional and conventional way by maintaining books of accounts have been a thing of past.

Digital transformation has been playing a crucial role in helping seamlessly connect anyone who wants to complete a real estate transaction.

Let us understand the benefits of digital transformation on the real estate sector

Real estate sector is built upon the trust and relationship and digital transformation has been playing a key role to build such trust as it had become easy to connect to the industry experts, develop long term association resulting into capitalization of such opportunities.

1.Interactive online Applications

Virtual Reality(VR) and Augmented Reality enable for comprehensive viewing and experiences in yet-to-be-built projects will help in the inspection of properties giving real-time data to the clients. Specially VR is fast growing a robust and powerful mechanism that lets likely buyers virtually tour properties from distance which means the location of the property at one place and client at other, allowing them to experience the space without the necessity for inspecting, appointments or model homes. This technology can be a time saver and reduce presale marketing costs, and experts anticipate a steady rise in its use in the industry.

2.Real Estate Portals

Traditionally real estate buying and selling have been done with the help of personal recommendations. But that was practical when the buying and seller and the property were closely located. But when the buyer and the property are in different state or country then this strategy of recommendations is ineffective. So with digital transformation, such problems were solved with the introduction of online real estate portals, bridging the gap between buyer and seller. The Seller is able to list the property for sale and buyer and search property according to their requirements. Also these days you are also given an option of temporary space for rent listing to capitalize the vacant space.

3.Autonomous Vehicles Parking

Autonomous or independent or automatic vehicles parking with the help of Artificial Intelligence(AI) will bring major advances to everything and are “closer than people may think.” Many commercial buildings have started adopting such facilities to ease parking congestion. Even before they hit the market in a significant way, they are influencing how developers believe regarding parking areas in new residential and commercial buildings. Such a system is not time-consuming, reduces manual task.

4.Property Management Softwares

Investing in an apt property management software elevates and rethinks how realtors or landlords manage their vast list of properties. Whether small modular condos, high rises or dedicated commercial hubs, property management using software takes it to the next level. The need to switch becomes more prominent as conventional methods have often failed to demonstrate exemplary levels of property management.

Software alters it into a convenient dashboard, where the owner could simply manage, monitor and operate day to day activities linked to a piece of real estate. Ensuring timely rental payment, maintenance, and upkeep, searching tenants for occupying could all be effectively carried out using property management software. The key is to opt for the right one since the wrong choice would end up curtailing existing practices by cutting out efficiency.

So to conclude we may say that Technology is evolving more than just the end product—it’s also remodeling the leasing and sales method. Sellers are listing spaces for rent or sale and also for temporary renting helping them earn maximum from their asset. Also, the procedures are such that they are in compliance with the rules and regulations of the respective countries. Buyers are utilizing online tools to do their own research and analysis long before they arrive at the actual property for inspection.

May 28, 2019 0

Learn how startups benefit from Flexible Office Spaces For Rent

The traditional way of working seems to be fading away now. The changing times lead to changing attitudes and to live up to these flexible workspaces are taking the lead in the changing lifestyle. Having a flexible office space for rent has opened up various possibilities of the businesses of all sizes to make working in impressive spaces their reality. Affording these spaces has also become easier which was previously unavailable.

Nonetheless, the office landscape is continuously evolving and also for the better, with these flexible office spaces improving productivity and work satisfaction. Business loot at this as the most advantageous options including these reasons and many others. However, these seem to be a tricky and complicated option for businesses that are just starting out in the work culture and also possibly unattainable. So we wanted to look at how small businesses can actually facilitate growth by using flexible workspaces.

1. Increase Productivity

Anyone who is starting out with their business, who is planning to turn their hobby into full-time work is likely to set up their process at home. Of course, home working can save you money but it can have its own set s of drawbacks in the long run. People often find it difficult to focus when they have to not even get out of their pyjamas.

Moving to a flexible office space option can be refreshing and even exciting to work. It’s difficult to disassociate your home with a sense of rest and comfort, whereas a new workspace will bring you more concentration and the determination to work. Two major problems of working at home can be the ability to focus and isolation, which can, in turn, destroy your focus. However, when you have a flexible workspace you will meet new entrepreneurs and like-minded people who will be willing to work with as much motivation and the go-getters. You can avoid your homely distractions over here.

Flexible workspaces turn out to be the most affordable option for startups. Even workspaces that are for a few hours are on a huge demand right now. They can energise the attitude and can make more productive work. This one day of focused and productive work can be something that could take your business to the next level.

2. Improve Networking

Flexible workspaces always are brimming with like-minded people, entrepreneurs spirit and exciting new businesses. Working from home can shut you off to many new business opportunities. Coworking spaces can be a great way to act as small business hubs. Those who can find great spaces will be around new and buzzing businesses that can help in the long run and keep you motivated.

Flexible workspaces are built to facilitate community and collaboration. For many businesses, building networks can be somewhat daunting, but flexible workspaces can help in this. Whether it is a small office space, a small desk or a space in communal areas it can still be helpful in creating valuable relations when you work in a flexible workspace as natural interactions are far more likely to happen.

Creating good business relationships can be valuable for small businesses. From building client lists to recruiting new talents to find companies who can assist you; finding new collaborators the advantages of networking are endless. Working alone at home can make building networks lot harder. If networking can help in the growth of business and flexible offices can help in making more networks, then it is a good option for small businesses to move into one.

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3. Improve team morale

Working from home or alone can soon become isolating for many people. Although staying away from daily commuting and office politics can sound like a dream to many people, but we are social creatures and we need to have interactions and go somewhere each day. Flexible offices can be the perfect choices for these problems. Even if you rent an office space for a week the advantages will be massive. Not only will you get a break from the isolation but spending the time in a friendly and functional environment it most likely to create high spirits in you.

People complain about the lack of sunlight and office tensions as moral killers in tradition office. Flexible office spaces can be the solution to these problems for small businesses. These kinds of offices have different designs and turn out to be having big windows, beautiful decor, plants loads of natural lights which can be a good option for people to go to work.

Employee and Employers satisfaction is important for business growth, especially for small businesses, who will fail without the will to succeed. It the person who is running the business is himself not happy to work for the product, then how is anyone else going to get excited about it. Working in a flexible office can have immediate effects on the morale thereby affecting business growth.

4. You Get Professional Services

Flexible workspaces can be the reason for growth for many businesses. They do care about the member’s success. In the traditional leased office, the members are given keys to the office. But in big offices, you can get additional services along with the space that is provided. Professional services like IT support, receptionists, admin staff can be of additional benefits in flexible workspaces. They can not only make your business look professional but also give you the authenticity a business needs. You can perform so much more tasks and also save your money on them. All these combined can turn out to be the best ways for your business to succeed.

5. Reduce your costs

When a small business decides to rent a leased office then they end up signing a contract for 3 to 10 years. This can some times be a financial risk for the small business that decides to follow the contract. They are highly inflexible and that leads to problems in companies growth. When a small business can plan to expand but then end up paying rent for a considerably small space. You can clearly avoid this risk when you choose a flexible office space.

This can help in financial risk, but there are many other ways that can save money for these businesses. By renting just a desk you have to pay rent for the space that you need rather than paying rent for the whole office as is the case with a leased office. The bill you play is always inclusive. You never have to worry about maintenance call out costs. And you don’t even need to buy new furniture. Everything comes with space. Sometimes there are hidden costs in the leased office. The flexible workspace doesn’t have any of them.

One of the main reasons that startups fail is because of the insufficient cash flow. So using flexible workspaces can be affordable and risk-free options for small business to prosper.

Myrsa is a platform that provides you with office space for rent on a temporary basis. You can different office spaces from a desk to a conference room and that too for a few hours! Start your business now with the ideal spaces.

May 21, 2019 0

Key Factors to Consider While Choosing a Commercial Space for Rent

You have extensively prepared a thorough blueprint of your business plans and now is the time to execute them. The initial requirement to conduct your day to day operations is a commercial space for rent. More and more businesses are now opting for rental spaces to avoid blocking their capital. This leaves them with more funds that can be allocated to other requirements. The space that you finalize can make or break your business. There are a number of things to be taken into consideration while deciding on a space but these five factors play a pivotal role.

Price

Everything that your business does depends upon the budget that you set aside for it. Spaces at prime locations are costlier than the ones that have lower accessibility. It is important to strike the right balance between the things you expect from a space and the price you pay for it.

If you are a start-up, it is recommended to opt for properties that have a mid or low price range until your business is up and running. On the contrary, established businesses can look for high range spaces. It is also essential to consider the facilities like electricity, cleaning, water etc. that would be included in the rent of the property.

Location

You should narrow down on your choice of spaces based on the type of business that you run. If you are a business that expects a significant number of walk-ins like a salon or a doctor’s clinic, it is best advised to go for a location that is situated on the ground floor. If most of your work is online and it requires your employees to do a desk job, search for a property with enough space to accommodate all the infrastructure that you will need.

The kind of businesses around your property is also of utmost importance.

Is there a coffee shop around?
Can your employees blow off some steam after a long day at work?
Is the neighbourhood of the rental property safe and not secluded?

Taking all these factors into consideration is necessary while looking for a suitable location for your business.

Accessibility

A rented space for your business is an investment that, if done right, can yield great profits. Shelling out some extra bucks for an accessible commercial space will prove to be beneficial. Always place the convenience of your resources over yourself. Ask the following questions while searching for a good property:

Is the space well connected by transport?
Can my clients and employees locate my business without difficulty?
Is parking available at the property?
Can the property be accessed by people with physical disabilities?

If the answer to these questions is “Yes”, pat yourself on the back. You have got yourself a great deal.

Ambience

Happy employees and clients are an asset to your business and a way to achieve that is to ensure you can sustain a good ambience at your rented property. Make certain that the space you choose is ventilated, neat and tidy, well-lit and quiet.

You can enhance the vibe of the space by adding comfortable sofas, potted plants and posters that are in tune with the line of business you operate in. All these factors affect the perception of your employees and clients. Failing to maintain a good ambience will result in a fall in productivity of your employees. Modern interiors and vibrantly-coloured wall are additional factors that complement the appearance of the property.

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Services and facilities

To get your business up and running, it is crucial that you have all the infrastructure and facilities you need to get the work done. The quality of the service that you receive is also crucial. There should be an uninterrupted flow of business once the space is rented. Some of the details to be considered are:

Does the owner assure the security of the space?
Does the location have a dedicated postal address?
Is there a well-connected computer network?
Are there proper utilities like air conditioning, electricity points and CCTV surveillance?

Not being able to provide these to your employees will increase your employee turnover and result in significant losses.

Time Period

The rental period for each space would be different. It can start off with just a few hours to a few days and goes up to a month. The short term renting business is on a rise right now. It creates a lasting impression on the customers and many brands use it for their promotion. When we talk about renting for a few hours it covers all the businesses that may use kiosk spaces and also a weekend classroom space. If you want to set up a popup business it can go up to a week. Simultaneously when you are wanting to just test the markets you can even use a commercial space for rent for a month. It all depends on the type of business and the business goals that you want to achieve.

Be wary of the pitfalls that might accompany the commercial space that you rent. A thorough check of all the factors that impact the functioning of your business is vital. Keeping your search for a property as a priority should be of primary concern when setting up your business.

Wouldn’t it be really helpful if you had some kind of assistance to search for such commercial spaces that were for rent? Perhaps a website that lists a variety of properties for you to choose from? Well, look no further because we have a perfect way out. Myrsa offers a temporary renting solution to brands, businesses, service providers, retailers & professionals looking out for space to grow their business and connects them with space owners. With Myrsa, you can significantly cut down on time required to search for a property and focus more on the functioning of the business. So what are you waiting for? Go on to Myrsa’s website and sign up now to get quick, reliable solutions!

May 14, 2019 0

Event Venue – Problems Faced by the Event Organizers

Most event planners until now have been choosing a city based on reputation, and then select an event venue that is from major hotels to satisfy their venue requirements.

With more and more offsite venues providing with an offbeat experience for events, it may be time to rethink your routine. Why not consider what different venues the city has to offer before landing on a destination of your choice?

Think outside the box. Nowadays so many offbeat venues are providing such great experiences. Do you know that events venue can play a pivotal role in attracting attendees? If you want your attendees to leave the venue with lasting experience then you must pick a venue with a dash of fun.

Planning an event :

It is Very crucial for an event organiser to make the event most memorable for the client as well as the audience. An event organiser has to be on his toes all the time to execute an event successfully. Planning an Event can be a demanding job to carry out. It includes the whole working of the event- Organizing, Costing, Canvassing, Customising, executing, basically everything. Finding a Location for the event can also be a tedious task faced by the organiser.

An Event organiser can’t keep buying properties for every new event. Every event is different and the needs for each of them differ vastly. How amazing will it be if you could find temporary event spaces for rent? Myrsa will help you in finding unique event places in different locations. Suppose you want an Open Garden Event Space on rent you just need to go on to Myrsa and search for a similar space in your preferred location. It’s as easy as booking a hotel!

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Keeping Track of the Event Process:

All these events and you are juggling between the locations of these events. It would be fun if you could manage them all in one place. Keeping track of your event process becomes an important part of the event process. An Event is customized according to the client’s demand or needs. Clients are a prime place in the working. Everything must be carried according to their desire. Also, their desired order is to provide them with a prime place. Clients Demand a specific order or a process in which exactly the event must be executed. Keeping the tracks of the events can be a hassle for the organiser. Let’s take an example of an open Garden space event, Multiple activities are carried out Food, Drinks, Games, Dance, Singing, Audience etc.

Finding A Perfect Venue For the Event:

A contemporary place which is absolutely perfect to carry out events can be utilised. Event organisers find temporary event spaces for organising events. Open Garden Event Space on Rental can be a great way for you to execute the event in a unique place. You can List your Space on Myrsa and event organisers in need for places will find your place and contact you directly. Many Events like Garden Events, Open Flea Markets events are more in demand which can be organised at rental places with help of Myrsa. Many Creative, Productive activities can be performed on unutilized places. Event Venues Plays an Important role in any event to be a hit.

Types Of Events Organized on Unique Places:

Events are planned and organized social gatherings which are executed by the organiser. Events are non-identical, absolutely different. Events can be of various types which are been carried out all over the world. Event organiser struggles to carry out all of it due to their particular arrangements also differ a lot.

When it is Party Mood first thing that comes in everyone’s mind are Clubhouses with great space to twirl around. Clubhouses are one of the best venues for parties as they are one of the comfortable spaces. Clubhouses are the best choice for entertainment purposes and also inviting a big crowd of parties.
Award Functions should be carried on open ground that is a standard though. As seen so many years when we witness an award function all we can see is a huge stage for performances, big lights and sound a huge open area for audiences, backstage and many more. On Small scale award, Function can be organised in a Parking Lot etc.

Coming to the most awaited topics in events are Weddings, especially Indian weddings. An Indian wedding involves a lot of rituals & traditions according to every religion, cultures. Most weddings are in halls or lawns but there can be some rituals which have to be carried out outdoors.
Photoshoots have become one of the most attractive and demanding desires for clients. Even it is said to be a crucial part of the wedding process. Wedding photoshoots have become a thing these days. Bride and grooms choose various locations to do a photoshoot. Mostly they are carried out in Open Gardens, Mansions, Clubhouses, Swimming pools.

Now that you know the different ways you can easily carry out your events in a new location every time. Turn your customer’s wishes into reality. Go on to Myrsa and start finding spaces.

Stay tuned for more blogs to know all the unique spaces you can use to host an event!

May 8, 2019 0

Month: May 2019