Justin Colby

I just asked because I just believe as much as we can systemize screening a tenant as much as in by the way again is the you know proper expectations you need to inspect what you expect at all times so I didn't want to you know pepper him but I would make an argument you know letting technology simply you know underwrite whether a tenant is worthy

I just asked because I just believe as much as we can systemize screening a tenant as much as in by the way again is the you know proper expectations you need to inspect what you expect at all times so I didn't want to you know pepper him but I would make an argument you know letting technology simply you know underwrite whether a tenant is worthy

know ladies and gentlemen i hate to say this but there's not the most scrupulous people out there doctoring some documents and you know pdf editors and all these other things that people can submit to technology and have no human component uh i don't believe that to be the best decision right um

know ladies and gentlemen i hate to say this but there's not the most scrupulous people out there doctoring some documents and you know pdf editors and all these other things that people can submit to technology and have no human component uh i don't believe that to be the best decision right um

You know, I know that people out there doctoring documents and income and whatever the things are, they can go out there and there's enough, again, technology that you can make it look pretty seamless.

You know, I know that people out there doctoring documents and income and whatever the things are, they can go out there and there's enough, again, technology that you can make it look pretty seamless.

I mean, I just remember COVID and people were saying that they were taking their positive COVID test and just editing it on whatever I'm guessing PDF editor and turning it negative and submitting it. and then they would be able to travel or whatever the case. This isn't that hard to change things.

I mean, I just remember COVID and people were saying that they were taking their positive COVID test and just editing it on whatever I'm guessing PDF editor and turning it negative and submitting it. and then they would be able to travel or whatever the case. This isn't that hard to change things.

So then we're talking about allowing a tenant to occupy one of my rentals, that all we did was allow technology to say, yes, they have the income, and yes, they have the credit. Is that really where we want this to go? And I'm going to argue no. This is, again... I didn't want to pepper in myself.

So then we're talking about allowing a tenant to occupy one of my rentals, that all we did was allow technology to say, yes, they have the income, and yes, they have the credit. Is that really where we want this to go? And I'm going to argue no. This is, again... I didn't want to pepper in myself.

I just, you know, knowing what I know about finding tenants and filling tenants and having tenants and dealing with tenants, like, holy moly. Like if you are just going to let technology make those decisions, I believe on a pretty large percentage basis, you're going to come into not the tenant you wanted. Right. Um, Again, this is, and maybe I'm old school, guys.

I just, you know, knowing what I know about finding tenants and filling tenants and having tenants and dealing with tenants, like, holy moly. Like if you are just going to let technology make those decisions, I believe on a pretty large percentage basis, you're going to come into not the tenant you wanted. Right. Um, Again, this is, and maybe I'm old school, guys.

Maybe you guys are listening to this and say, Justin, I totally disagree. I think this is going to be totally easy or, you know, it'll get to this place. I just believe you want great tenants who won't trash your home and will pay on time. Allowing tech to, you know, make that decision for you is, to me, pretty short-sighted. This goes back to inspect what you expect. If you expect technology...

Maybe you guys are listening to this and say, Justin, I totally disagree. I think this is going to be totally easy or, you know, it'll get to this place. I just believe you want great tenants who won't trash your home and will pay on time. Allowing tech to, you know, make that decision for you is, to me, pretty short-sighted. This goes back to inspect what you expect. If you expect technology...

to make that decision, then you still have to inspect it. Well, guess who's inspecting it? The people, right? We had a great, there was another panelist in the insurance space and he had some really good points on how impactful tech will be in insurance. That was probably the most enlightening thing for me that I thought was so cool was the insurance play and how AI and

to make that decision, then you still have to inspect it. Well, guess who's inspecting it? The people, right? We had a great, there was another panelist in the insurance space and he had some really good points on how impactful tech will be in insurance. That was probably the most enlightening thing for me that I thought was so cool was the insurance play and how AI and

technology are going to play such a massive factor within how people under or how companies underwrite assets and how it could potentially get lower costs. Because I think we're all aware if you've been in real estate here for the last year and a half or two years, you understand what has happened to insurance. I mean, it's just insane.

technology are going to play such a massive factor within how people under or how companies underwrite assets and how it could potentially get lower costs. Because I think we're all aware if you've been in real estate here for the last year and a half or two years, you understand what has happened to insurance. I mean, it's just insane.

My own home insurance is insane, let alone all the rentals I have and things of that nature, which, you know, at the end of the day, it changes numbers, right? Insurance increasing changes the profitability. It changes. Is this asset going to be good? Is it not going to be good? And so I thought it was really interesting. quite interesting to hear the perspective on insurance.

My own home insurance is insane, let alone all the rentals I have and things of that nature, which, you know, at the end of the day, it changes numbers, right? Insurance increasing changes the profitability. It changes. Is this asset going to be good? Is it not going to be good? And so I thought it was really interesting. quite interesting to hear the perspective on insurance.