This edition of Tech Trends features the state of the tenant billing software submarket, new tools focused on real estate investing and risk analysis, and real estate tech companies joining the NAR REACH program.
A Growing Software Sector. The US tenant billing software market was valued at $107.76 million in 2023 and is anticipated to reach $488.27 million by 2032, expanding at a compound annual growth rate (CAGR) of 18.28%, according to a forecast from SNS Insider.
The residential segment contributed the highest share of the tenant billing software market in 2023, with roughly 62% of the total revenue. However, the commercial segment is expected to grow at the fastest CAGR of approximately 19.70%, with offices and shopping centers driving the deployment of tenant billing software. The cloud segment accounted for about 59% of this market, and it is expected to have a 19.21% CAGR in the forecast period.
“The US market is witnessing tremendous growth through the surging trend towards digital property management and automation,” said the forecast report. “Upsurge in demand for real-time billing, enhanced tenant transparency, and adherence to regulatory requirements are the main drivers. The trend towards cloud-based software and increasing multi-family housing market are also contributing to further fueling market growth.”
Managing Investment Data. Yardi is now offering Yardi Acquisition Manager, a new tool designed to maximize returns on investment for real estate acquisitions and dispositions by automating the entire investment deal workflow.
According to the company, Acquisition Manager centralizes all deal details, documents and activities, including due diligence, in a single platform. Acquisition Manager provides up-to-date details such as property characteristics, last sale price and date, local market data, current leases and loan details, through full integration with Yardi’s other tools, the company added.
“By implementing Acquisition Manager, we are able to take advantage of seamless integration with Voyager, creating critical efficiencies for our business model,” said Kris Ellwanger, vice president of information technology and corporate facilities for Sila Realty Trust Inc.
Getting a Handle on Risk. Realtex.ai, a breaking new platform leveraging artificial intelligence to forecast property risk analytics, has officially launched.
Aimed at a user base of investors, hedge funds, financial institutions, family offices and property professionals, Realtex.ai is designed to provide predictive analytics and real estate risk analysis across global markets. The platform combines AI-powered machine learning, big data, and geospatial analysis to deliver highly accurate property value forecasts, neighborhood trend insights, and market performance scores.
“Realtex.ai is built to solve fundamental challenges in real estate investing—information asymmetry, slow data updates, and market volatility,” said the platform in its launch announcement. “The AI-powered platform identifies market patterns and investment opportunities long before traditional tools can.”
The Next Generation of Tech Providers. Second Century Ventures, the strategic investment arm of the National Association of Realtors (NAR), announced the acceptance of eight up-and-coming companies to the 2025 NAR REACH program that supports technology solutions focused on the US residential real estate sector.
“REACH serves as a strategic lens into where innovation is heading and how emerging technologies will shape the broader real estate landscape,” said Mark Birschbach, NAR’s executive vice president, strategic business innovation and technology. “Our work with these companies reflects a long-term commitment to fostering ideas that influence markets and unlock new possibilities.”
The companies accepted to the 2025 REACH program include:
- Foyer: a financial technology company offering a “401(k) for homeownership” and personalized guidance to accelerate the journey to homeownership.
- Guest House: helps real estate professionals get listings to market faster and generate a higher return by automating home preparation through a suite of services including staging, photography, cleaning and moving.
- Infinityy: a city-scale network of AI-guided personalized experiences of every property and neighborhood in an MLS that engages and qualifies prospects 24/7.
- NEO: a multilingual platform that partners with associations and MLSs to provide agents with a sales and marketing tool to help sell new construction more efficiently.
- Pitch59: video PitchCards that make it easy for real estate professionals to introduce themselves, network and get more referrals.
- Pixlmob: a curated network where real estate professionals can connect with verified photographers, editors and AI tools to create property visuals.
- Tether RE: safeguarding real estate agents from contact to close with 24/7 live monitoring, discreet SOS alerts, struggle detection and criminal background checks.
- QwikFix: enabling agents and their clients to turn home inspection reports into repair quotes that are fulfilled by licensed contractors.
