In recent years, it has become increasingly popular among real estate professionals and property managers as a tool to provide a comprehensive view of a property to potential buyers or renters. However, the HOA management industry is now also adopting this technology to combat the growing number of developed communities, rising prices, and a looming labor shortage. By using 360-degree video technology, property inspections can be conducted remotely, saving time and money for both the client and the property manager.
360-degree video technology allows property managers to capture and retain a comprehensive video record of their community, including common elements, areas not routinely inspected, landscaping, capital projects, compliance and much more. This advancement provides the management company and the board of directors with a more detailed and accurate representation of the community and allows them to make decisions based on both current and historical data contained within this video documentation.
With 360-degree video technology, property inspections can be conducted remotely without clients or property managers needing to visit the property physically. This technology can save time and money, particularly for clients located in different states or countries or in locations with particularly bad traffic. Using this technology, clients can view properties from the comfort of their homes or office without losing several hours a week commuting back and forth between their communities.
Property inspections using 360-degree video technology are much faster and more consistent than traditional inspections. A property manager can capture a complete view of the property in just a few minutes without the need to physically stop at every individual house to look for violations, as would be required for traditional inspections. These videos can save time for both the property manager and the volunteer board of directors and allow them to focus on the more important aspects of community management such as capital projects, vendor management, financials, contracts, insurance, and overall resident satisfaction with living in the community.
Performing community inspections using the current methods available to property managers today is inherently dangerous as it generally entails the driving of a motor vehicle while operating a mobile application to take photos, review owner information, and create violations. Driving with a mobile device in your hand is dangerous because it distracts your attention from the road and increases the risk of a car accident. When you're holding a mobile device, your hands are not on the steering wheel, and your eyes are not focused on the road. This can lead to delayed reaction times, impaired judgment, and reduced situational awareness, all of which can make it more difficult for you to react to unexpected situations on the road. 360-degree video technology eliminates the need for property managers to drive while conducting inspections, reducing the risk of accidents and improving safety for everyone involved.
360-degree videos can be an effective way to create a knowledge base for a community and the community manager because it provides a highly immersive and interactive experience for the viewer. Unlike traditional videos that have a fixed frame and only show what the camera is pointing at, 360-degree videos capture a panoramic view of the entire scene, allowing viewers to explore and interact with the environment as if they were there. Recent studies have even shown that 360-degree videos can be used to create a sense of presence and immersion, which can enhance learning and retention. When viewers feel like they are physically present in the environment, they are more likely to engage with the content and remember what they have learned.
This level of interactivity can be especially valuable for educational or training purposes for new managers and new members of the board of directors, as it allows viewers to see and experience things that may be difficult to explain or demonstrate in a traditional video format. For example, a 360-degree video could be used to provide a virtual tour of a complex piece of equipment owned by the community or create a virtual tour of a large amenity area, or for documenting the location of important elements such as shut off valves and fire suppression systems.
360-degree video technology provides an increased level of transparency to a board of directors and homeowners alike. They can now see the property in its entirety without relying on photographs or descriptions provided by the property manager. This helps build trust between the community and the property manager, increasing the likelihood of a long and successful relationship between the parties.
In conclusion, 360-degree video technology is a valuable tool for property inspections, and Compliance View 360 is a leading provider of 360-degree video technology for community property inspections in the United States. Reach out to our team today to schedule your free demo or learn more about how we can bring your company into the future.
Founded in 2020, Compliance View 360 is the world’s first and only patented GPS driven, visually interactive, property inspection system in the United States. CV360 maintains and deploys a fleet of vehicles equipped with 360 degree cameras that capture crystal clear interactive video and allow clients to quickly and efficiently manage their sites from anywhere in the world. Our patented technology is revolutionizing an industry that affects 74 million Americans everyday.