Having only been in the market for a few years, crowdfunding portals have rapidly grown over 150 startups across the nation, specializing in real estate. Today, around 7% of the U.S population is an accredited investor. In highly urban settings like Southern California, this number is closer to 20%. Software platforms such as CrowdEngine, RealtyShares, CrowdForce, and others made it possible to legally raise money from the general public, with some going as far as attracting 90% of equity requirement from investments made through these platforms. Data analytics applications such as Rentlytics, on the other hand, give owners greater insight into the performance and management of their portfolios. Coming from a diverse background of developing state-of-the-art properties for the past 35 years, Kenny Slaught notes that, in the real estate tech scene, California remains one of the most active states in the market. With cutting-edge innovation tools available to pool capital, borrowers and sponsors have raised over $53 million through 90 residential, multifamily, and commercial properties in Sacramento, San Francisco, and throughout the Bay Area.
Technological developments are revolutionizing America’s real estate industry, helping the property management sector to be more efficient and profitable. Applications and software that offer numerous online collaborations and –most importantly –workflow automation is increasing in popularity, in large part because they provide immediate access to accurate and consolidated data and information sets. President and founder of Santa Barbara’s Investec Real Estate Companies Kenny Slaught shares his thoughts on how California developers can best apply innovative models and cyber operations in their business strategies.
It’s been almost 100 years since famous architect George Washington Smith, inspired the California movement called the Spanish Colonial revival. He was a man who dropped out of Harvard, but eventually became a successful businessman. He settled in the Santa Barbara region anticipating a relaxing lifestyle and planning to work on his painting interests. Smith was shocked that everyone loved the house he had designed and encouraged him to continue creating architectural masterpieces in the area. Smith used authentic materials from Spain and merged new and old world inspiration to create his structures. His works are sought out and enjoyed for their simple beauty and intricate design. Known as a founding father for Santa Barbara, other architects have mirrored his style for many generations. Santa Barbara Real Estate Developer, Kenny Slaught can appreciate the keen eye and attention to detail required to design the architectural works of art designed by Smith.
Recognized as a world famous tourist destination, this coastal California town, north of Los Angeles, is full of beautiful buildings with a rich history. From Spanish inspired homes to intricately adorned archways and structures, the city was developed with the intention of an appealing design that would limit uncontrolled growth. As a passionate Santa Barbara real estate professional, Kenny Slaught, provides insight into how the architectural integrity was upheld throughout the years. Maintaining the natural charm of this region was intentional and as early as 1925, city planners enacted development controls to prevent demotion of Spanish Colonial architecture. The community was the first in the United States to proactively think about the importance of historic buildings. Controls were put in place and guidelines were designed to preserve unique structures and park spaces. In 1960 Santa Barbara established legal protection for historic landmarks.