Site Technologies, led by Site CEO Austin Rabine, is revolutionizing the way property surveys are conducted for real estate investors. Using cutting-edge technology to inform the surveying process, the company has completed and surveyed more than 13,000 unique properties in 15 different countries.
Year after year, Site Technologies actively deploys drones to survey facilities for big clients that have massive real estate footprints. These clients usually handle hundreds, if not thousands of properties, making traditional survey methods ineffective and impractical. Tying the technology that made it possible back into property management, Rabine highlighted its potential.
For Rabine, the scaled management of hundreds or thousands of properties across a municipality or state made it almost impossible to acquire an annual snapshot of your facilities. Now, with technology like this, that challenge no longer exists.
Site Technologies uses drones to perform high-resolution topographic surveys. Moreover, these surveys improve clients’ ability to make informed decisions about the state of their properties. This new and cutting-edge technology greatly increases time efficiency while providing comprehensive data to help pinpoint areas in need of maintenance. Site Technologies helps clients make focused investments by providing expertise that informs smart spending plans.
As Rabine went on to explain, we guide them in planning their capital spending for the next three to five years. This is one way to make sure they’ll continue to have a beautiful facility.
To real estate investors, Site Technologies provides an ideal solution for investors with large portfolios. With the majority of its clients operating over 100 facilities, drone surveying quickly became the clear solution. Rabine pointed out that it would be easier for firms with smaller real estate footprints to adopt human surveyors instead.
Site Technologies Founders strengthen their survey abilities through partnership with respected power brokers Site Technologies, Inc. These professionals, trained in several ways of tending to physical assets, including pavements, roofs, facades, and vegetation. Rabine described this collaborative effort:
Our multidisciplinary team of specialists and engineers focused on pavements, roofs, facades and green infrastructure all worked together to achieve this. Working as a team, we started figuring out the best way to collect data on facilities for our design practice and the evaluation of existing property conditions.
This new approach allows their clients to easily find and address urgent maintenance priorities. It better positions them to plan how they will invest in maintaining their existing property. Their ability to uniquely use the power of drone technology is what has been pitched to be a potential ‘game-changer’ in the commercial real estate industry.
The developments that Site Technologies has achieved have attracted national focus by the industry. A version of this story first ran in Diana Olick’s CNBC Property Play newsletter. In it, they dig into the new and changing opportunities available to real estate investors today—every week, directly to their subscribers’ inboxes.