Investors
We invite you to join our mission to reduce the cost of renting and improve the renter experience using machine learning, and artificial intelligence generally, to enhance property management capabilities.
We invite you to join our mission to reduce the cost of renting and improve the renter experience using machine learning, and artificial intelligence generally, to enhance property management capabilities.
Over £1 billion is currently paid by tenants annually to estate agents, just in Birmingham, as an example. For rent and property management services, that amount is way too much. The solution we propose is reducing the transaction cost of renting, rather than introducing, for instance, rent controls or other similarly targeted solutions that miss the core problem.
The high transaction costs of renting are caused by the complicated efforts needed to achieve regulatory compliance. Landlords, agents and tenants in the long-term UK residential market have to face mountains of regulations not seen in the holiday let short-stay market, for example. And more regulations are on the way.
Additional regulation creates additional processes, and data points. Workflows are hampered by the volume of data held in multiple data silos and fragmented processes serviced by multiple application vendors. The result: data quality suffers, with disparate structured and unstructured data sets. Insights are lost, innovation is suffocated.
An effective end-to-end rental market solution should reduce the number of processes and data stores required, and primarily focus on reducing manual human data entry points. This reduces the time-to-transaction, and ultimately, will reduce the cost of renting.
R.A.i.A™ (Rental Artificial Intelligence Assistant) deploys the key technologies of process automation and machine learning, working directly with agents, to improve the property rental transaction experience and reduce human data entry errors, thereby negating the need for needless compensatory processes that cause transactional frictions and increase costs. R.A.i.A™ is already working on hundreds of properties, benefiting renters, agents, and landlords today, and has been for several years.
