Justin Colby

That is the black and white. Now, some further questions that went in, this is very cool to hear from the property management side is understanding and evaluating risk. That was very cool to hear is understanding how do you reduce your downside risk, whether you're buying rental properties, uh, whether you're buying fix and flips.

That is the black and white. Now, some further questions that went in, this is very cool to hear from the property management side is understanding and evaluating risk. That was very cool to hear is understanding how do you reduce your downside risk, whether you're buying rental properties, uh, whether you're buying fix and flips.

And, um, we had a very large national property management company that was on there that has a, it's a basic tech company. As a matter of fact, the entire, um, thesis for this property management company is you can run property management via technology with very little to no human capital. And so I started listening to how they presented their ideas. And I found it to be very intriguing, right?

And, um, we had a very large national property management company that was on there that has a, it's a basic tech company. As a matter of fact, the entire, um, thesis for this property management company is you can run property management via technology with very little to no human capital. And so I started listening to how they presented their ideas. And I found it to be very intriguing, right?

That all the underwriting for the tenants can be done through technology and AI and bots. I understood, you know, kind of all their points about making sure again, the downside risk of a bad tenant, how you can basically use all the screening and all of these different things, how you can find tenants through technology and, and then you can manage it through, uh, certain levels of technology.

That all the underwriting for the tenants can be done through technology and AI and bots. I understood, you know, kind of all their points about making sure again, the downside risk of a bad tenant, how you can basically use all the screening and all of these different things, how you can find tenants through technology and, and then you can manage it through, uh, certain levels of technology.

And then kind of the point I brought up as a landlord, uh, and I asked, this is a panelist that I basically asked him. Um, and it was great by the way. Um, I basically just said, Hey, when it's time for said tenant to leave,

And then kind of the point I brought up as a landlord, uh, and I asked, this is a panelist that I basically asked him. Um, and it was great by the way. Um, I basically just said, Hey, when it's time for said tenant to leave,

Is there going to be technology or a bot that's going to come in and give me a number of how much money I need to spend to repair or fix the home as they lived in it for 2, 3, 4, 5, 6, 7, 8, 9, 10 years? He said, well, no, that there's going to have to be a contractor involved that kind of gives you an estimate. And I said, OK, fair enough. And I only asked not to be rude or to, you know.

Is there going to be technology or a bot that's going to come in and give me a number of how much money I need to spend to repair or fix the home as they lived in it for 2, 3, 4, 5, 6, 7, 8, 9, 10 years? He said, well, no, that there's going to have to be a contractor involved that kind of gives you an estimate. And I said, OK, fair enough. And I only asked not to be rude or to, you know.

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.