Apartment markets are often misunderstood because of the private nature of rental transactions. This leads to a huge data problem where stakeholders spend countless hours trying to piece together market movements. Many property managers have to "guess and check" when it comes to things like setting rental pricing. The result is millions of hours wasted and billions of dollars left on the table every year.
We have built a platform that automatically aggregates the noisy market data that signals apartment market movements. We make sense of this data by applying pricing algorithms that predict rental prices based on an apartment's location and attributes.
Product - Competitive Intelligence
We automate and improve the offline and manual process landlords and managers use to survey apartment markets. Our SaaS product provides real-time price tracking of competitive buildings, our algorithmic pricing technology, and other market research tools (heat maps, graphs, etc.)
SeedSep 25, 2012$40,000