Older and larger firms with legacy software systems are having a difficult time competing on service, responsiveness, and value with newer firms or those firms that have made effective investments in more modern technology infrastructure. 

Embrace modern technology: Use property management software or other tech solutions for efficient management.Remember, managing an out-of-state property may require additional planning and effort, but it can be a rewarding investment.

With the advent of technology one could argue they have ALOT more than we had.

By Candace CarlisleCoStar NewsAugust 7, 2023 | 4:27 P.M.Huntsville, Alabama, tops a list of lesser-known and underdeveloped U.S. and Canadian markets that the world's largest real estate brokerage is betting has the strongest growth potential for technology companies.The 25 smaller tech markets have talent pools for employers that might be looking to expand their geographical reach, according to CBRE's annual "Scoring Tech Talent" report.Read FULL STORE here.

Their website says that infrared scanning is "using the most technologically advanced tools available allows us to detect moisture that is invisible to the human eye, and with these we are also able to locate areas throughout a home or structure that have overheating or malfunctioning electrical components. this work brings a critical difference to a home inspection". 

A few years back, the advent of driverless car technology appeared poised to revolutionize the real estate landscape.

thats awesome.. parking lots be good passive money to. people love their baseball but run out of places to park. rent your parking space. new technology you can rent ur drive way   

@Malcolm Chelliah The question is the same for any high-income-earning worker, whether they be in the sales, medical, technology, management, or any other field. 

I'm not the best with technology and they made it super easy. 

Because of this I started my own property management company and as Bill said, automation, and utilizing technology, can significantly lower costs in the PM space.