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by ninthfrank07 4923 days ago
A real estate marketplace.
1 comments

I really want to disrupt the real estate market. Real estate agents in particular. I think it is a broken system, especially on the rental side.

Never dug into the law (here in Australia) but I want to make available the tool for people the manage their own properties, some standard rental contracts etc.

People already look for property online, then you have to deal with the agents, you should just be able to deal with the one - hopefully trusted - site. You search, find, go to a open inspection, apply online, get notified that you have it. Get sent contracts etc. Organise a meet for keys and signing. You'll then manage communication through that with the owner or a proxy.

You'd need to hire a bunch of resources that are vented to do open inspections and manage some calls etc. but on scale they'd be cheaper than a bunch on real estate agents.

Find the "international association of home inspectors" or the equivalent. Talk to them, talk to their members, about how much work you'll be sending them.

You don't need to hire them - just subcontract with them. Kinda like what Home Depot does for installation work - they have a vetted network of contractors around the country that they schedule...

Good luck

In the UK the "home inspectors" (we call them Inventory Clerks) are quite often the letting agents as well.

In fact, with smartphones/apps many letting agents are doing these jobs in-house.

Disclaimer: I'm a co-founder of https://www.lettingcheck.com, so get quite a good overview of what the industry is doing.