Fireside Chat: Revolutionizing Multifamily with AI-Driven Market Surveys
CREtech Talks
•
20m
In this episode, Emily Wright interviews Marc Rutzen, Co-Founder and CEO of HelloData. HelloData is an automated market survey platform for multifamily real estate. They collect updated rent availability and concessions data from property websites across the US and use AI to recommend pricing and underwrite deals. Marc discusses his professional path and how he transitioned from real estate development to launching HelloData. He also explains how they use AI in their platform, including analyzing listing photos and extracting data from floor plan images. Mark shares the success of HelloData since its launch and their plans to solve the revenue management and asset optimization problems using only public data.
Takeaways:
- HelloData is an automated market survey platform for multifamily real estate that uses AI to recommend pricing and underwrite deals.
- They collect updated rent availability and concessions data from property websites across the US.
- HelloData uses AI to analyze listing photos and assess the condition and quality of each room in a multifamily property.
- They also extract data from floor plan images to determine unit-level details.
- HelloData has experienced significant growth since its launch and has a large user base across the industry.
- Their future plans include solving the revenue management and asset optimization problems using only public data.
Find out more about HelloData here: https://www.hellodata.ai/
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