HelloData's Rent Comp Detection
Overview: Automated Rent Comp Suggestions
Identifying the most relevant rent comps for a deal you're underwriting can be difficult... but AI definitely makes it easier. HelloData applies AI to real-time property and market data to help identify your most relevant rent comps in any market in a matter of seconds. Our algorithms process both property and market data, comparing property submarket, size, vintage, # of stories and over 200 unique amenities across properties in every U.S. market, generating comps that align with property manager comp selections 9/10 times:
But our biggest advantage is how we use computer vision to assess the quality and condition of every property in our database. This approach helps identify properties that not only have similar attributes, but a similar look and feel. Check out this article to learn more about our rent comp detection algorithm!