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I remember reading about a company that was using the latest technology to be a fully automated landlord. From video verification to sign the lease and unlock t
by llampx 4y ago
I remember reading about a company that was using the latest technology to be a fully automated landlord. From video verification to sign the lease and unlock the keys, to automatically accepting and denying tenants based on AI... seems like these mega-landlords would not be possible without the use of AI and extensive automation.
- hgsgm 4y agoMcDonalds is a mega fast food retailer but they still have employees. Linear scaling is linear in costs and profits.
- mpeg 4y agoHaving recently had to move homes, I welcome these mega landlords with open arms. They verticalise the whole process and in doing so greatly improve the experience for tenants. The traditional process with estate agents and unreasonable private landlords is completely broken and extremely frustrating to deal with.
- 29083011397778 4y ago> I welcome these mega landlords with open arms Because corporations with the cashflow of nation-states have routinely given better customer service in your experience? Or does it sound simpler having only 3 choices to rent from in your city instead of 30? Because it does sound like a hell of a time-saver making it onto 30% of your city's "Do not rent to" list when you can do it by taking a single company to small-claims court over an issue they don't want to fix, when you have tenent protections laws on your side forcing them to. They can "greatly improve the experience" when everything goes smoothly, but it's difficult to argue with a tag-team comprised of a computer database, and a different customer service agent for every call you make.
- Retric 4y ago1B is a tiny investment in this space, many individual skyscrapers are worth significantly more than 1B. Managing ~3,000 single family home rentals is possible for a single small office assuming it’s all in a small geographical area. But the article mentions they are outsourcing the work to a third party.
- hotpotamus 4y agoCan the AI call the County Sheriff to arrange an eviction? That would be wonderfully dystopian if possible.
- bombolo 4y agoYou don't have a judge decide on that first? That seems insane.
- hotpotamus 4y agoHaving never been an evictor or evictee, I don't know the process. But I see no reason an AI couldn't act as judge either; think of the efficiency.
- bombolo 4y agoai passed the bar exam?
- Kon-Peki 4y agoIn Chicago, the Cook County Sheriff will not do evictions in the winter, and are very hesitant to do an eviction if children live at the house unless they have verified that they have another place lined up. Most but not all big corps want nothing to do with being landlords in Chicago, though there are a lot of local corporations involved. My first apartment in Chicago was owned by the family that also owns the Blackhawks hockey team, and you had to call their front office with any problems. I’m sure that was fun for them - any phone call could be about some important hockey business, or maybe just a broken toilet.