Technology is simply defined as the application of scientific knowledge for practical purposes. It is helping many industries to cope with the demand of time and that includes real estate. Now, properties such as multifamily or apartment buildings need to use technology for security, leisure, and more. Some examples are the use of WiFi, applications to pay rent, or applications for cleaning services, gym schedules, and more. In today’s episode, we pick the brain of Michael Parks of Spire Real Estate Investing Group and he tells us how technology is impacting real estate, specifically multifamily.Using strong analytical skills, technology, and a conservative approach, Michael evaluates risk to identify wise investments that maximize returns while preserving capital. Michael also shares his journey that he had seeking passive income – from franchising a business to taking a whole other path in real estate. Michael emphasizes the need to have a partner with the boots on the ground, who knows the ins and outs of the area. Tune in now!