Ashley Halligan, an analyst at Software Advice, shared an article the other day outlining how drones have impacted the real estate industry--prior to their halt in February 2012--and how they can potentially affect the property management and real estate industries going forward.
The recently passed FAA Air Transportation Modernization and Safety Improvement Act will authorize in excess of $60 billion for the Federal Aviation Administration, with the intent to modernize the aviation sector. This bill includes an interesting--and controversial aspect--drones.
It may sound like a futuristic and space age additive, but the truth is, they're here. And by September 2015, the FAA is required to open U.S. airways to Unmanned Aerial Vehicles (UAVs) or drones--including to commercial industries. That's where property and real estate management come in.
Several high-end California real estate agencies had been utilizing drones for unmanned aerial photography (which agencies know can serve quiet an expense) of high-end estates. However, these operations were halted after the bill passed till the FAA releases its new set of laws.
Naturally, there's also interest of the public, including residents, who may feel their privacy rights are at stake.
Let's Talk. What do you think about the future of drones in these markets? Read what the experts had to say in Halligan's original article on the Software Advice blog: Drones: A Controversial Eye in the Sky for Property Managers.