Artificial Intelligence (AI) is quickly making its way into almost every facet of life and business. One area that AI is set to revolutionize is the housing market — particularly renting. Here is everything you need to know about how AI will soon make finding a home so much easier.
What Is AI-Powered Leasing?
In simple terms, AI-powered leasing utilizes the power of AI to scan the internet for all rental options that fit your parameters. Instead of painstakingly searching every housing website to find the right home for you, an AI-driven platform like Renty, for example, puts it all in one place and tailors the results to your wants and needs.
Challenges Renters Face
There are several challenges facing potential renters in the US today, namely, simply finding the right home, not knowing enough, if anything, about the landlord, not finding a property that is worth the money, and the US housing market being generally difficult to navigate.
Difficulties Finding the Right Home
Finding the right home is far more complicated than many people may think. You often have to sacrifice some of the features and additions you want just to get the ones you need. Often, you will come across the perfect house after signing a lease for a property that didn’t quite fit what you were looking for. Finding the right property is often so difficult that it’s too late by the time you come across it.
Landlord Information Is Challenging To Find
Another significant problem that often crops up is not finding information about your landlord. This is especially true if you don’t get to meet your landlords because they live out of state or in another country.
You want to know what type of person they are, any praise or complaints that they have received from previous tenants, etc. This is vital information if you plan to lease from them for a long time.
Bang for Your Buck
Another common issue renters face is not getting the value they anticipated. While leasing rates can be high, you want to know that you are moving somewhere that is correctly valued and any sacrifices you may have to make will be worth the money you pay.
How Renty.Ai Is Changing Leasing
Renty.Ai is a market leader in AI-powered leasing and is one of the companies aiming to solve the issues renters face and create solutions for those in Los Angeles, Arizona, and the rest of the country.
One-Click Solutions
One of the most significant advantages of using an AI-powered leasing platform is that it will scour the internet and find every listing that fits into your selected parameters. If you’re based in Sedona or Buckeye and are looking to rent in equally sunny LA, there is no need to trawl through website after website looking for what you want.
This makes the process substantially quicker, and the more streamlined approach makes it easier to sift through results and eliminate the houses or apartments you aren’t interested in.
Advanced Data Collection
One strength of AI is its ability to quickly and efficiently find and sort massive amounts of information. Because of this, an AI-powered platform can analyze your specifications and quickly return the results you are looking for, no matter how detailed they are.
There is no need to settle for only searching for “apartments in LA” or “three bathrooms”; the AI can find almost all your specifics and send back properties that tick all or at least most of those boxes.
Transparent Information
Transparency is another big talking point in this day and age. Many consumers are wary that companies will often only send back results and information that suits them and their goals instead of the information that benefits you — the renter — the most.
An AI is trained not to have such biases. Therefore, you know that the properties shown to you on these platforms are the ones that best suit you instead of properties being pushed onto you by real estate agencies concerned with their own goals.
Landlord Information
As mentioned before, landlord information is sometimes hard to find but is an important part of choosing a home for many people. You want to know that the landlord is trustworthy, cares about the property and the residents, and has the proper credentials.
Once again, using the power of AI’s data-searching capabilities, you can easily find out what you need to know about the landlord of the property you want to choose.
The Housing Market Is Primed for Renters
The current US housing market has become primed for renters. Pricing hikes have slowed over the past few months; therefore, now is when more people will be moving into rental properties.
Because of this increase in popularity, it is now more important than ever to be able to find a property that is right for you or your family as quickly as possible. AI makes this a reality and will ensure you don’t miss out on your dream home.
Conclusion
AI is already making the renting process far more accessible than ever. With massive amounts of room for growth and improvement, it will only get better as the months, even weeks, roll on.
