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We replaced rental brokers with software and filled 200 vacant apartments

caretaker.com

421–430 of 593 posts

Re: We replaced rental brokers with software and filled 200 vacant apartments

#421
post #302

I recently moved house. I was previously living with my friend, and we had an agreement I pay sometime before the end of the month. He gave me a contract and said you'll need this, just because when you go to the next place they will ask you for your previous contract. He found it online, it was boiler plate and we agreed verbally I pay him whenever during the month. We we're really good friends, and I lived there fo…

> They said they couldn't override the software - which I don't believe at all.

This is why I'm worried by - no, I hate - the automation of bureaucracy, governmental and business alike. Software is giving bureaucrats the perfect escape hatch. "I'm sorry, but The System won't let me".

The System won't let a low-level clerk fix the mistake some algorithm made. You escalate to the manager, but The System won't let them do it either. If you're lucky, maybe they'll try to escalate to the main office on the other side of the country, someone there may or may not be able to fix the issue. If you're lucky. If you're not, the manager has a perfect, non-offensive way to refuse: "I'm sorry, The System won't let me".

Here on HN, we all know how The System works. A bunch of half-assed business logic, wrapped in a bloated webapp, developed by some outsourced team of code monkeys, who on their good day mostly care about playing with the newest JavaScript fad, inflicting yet another round of suffering on thousands of employees and millions of customers. One of those broken business rules blows a fuse, your debit card gets locked out, and there's nobody within 200 kilometers of you with the access rights to clear a flag. And no, the devs who maintain The System don't have them either; they're just monkeys in the outsourcing firm that was the best at underbidding on the tender.

(I'm totally not talking about my wife's bank, that managed to spontaneously block her card and on-line banking just before weekend, and took a lot of fighting to undo its own mistake.)

> Luckily my agent was able to call the new landlord, we all got on a call, my agent, my friend, me and the landlord.

That's why we need to have people in the loop. Empowered people. To fix the mistakes, file down the corner cases.

Automation of corporate bureaucracy is trying to fit everyone into well-defined and heavily optimized flows, whether it makes sense or not. If you fall off the assembly line, the gears will crush you.

Re: We replaced rental brokers with software and filled 200 vacant apartments

#422
post #302

I recently moved house. I was previously living with my friend, and we had an agreement I pay sometime before the end of the month. He gave me a contract and said you'll need this, just because when you go to the next place they will ask you for your previous contract. He found it online, it was boiler plate and we agreed verbally I pay him whenever during the month. We we're really good friends, and I lived there fo…

All my online dashboards I deal with for various things are buggy and inflexible. Whatever the problem is though, you can usually phone a human who can fix it. If you get rid of humans, it’s just creating a nightmare

Want a sneak peek of the nightmare? Plenty of companies are now introducing conversational bots on their phone lines, desperately trying to prevent you from getting in touch with a human. And unlike traditional voice menus, pressing 0 or mashing the keypad doesn't work on them.

I recently wasted a good 10 minutes trying to reach a flesh-and-blood consultant of a phone company, and I actually wanted to buy stuff from them. I just needed a human to make sure it's on the record I'm requesting a non-default service (FTTH Internet with external ONT, so that I could swap a proper router in place of the piece of garbage they normally provide).

Their fancy bot actually understood what I wanted when I repeatedly said "I want to be connected with a consultant" - it kept replying, "I understand you want to talk to a consultant; before we do that, can you tell me [insert some random idiotic question]?". I almost blew a fuse there. I only persisted because for technical reasons, I couldn't go with other providers.

Re: We replaced rental brokers with software and filled 200 vacant apartments

#423
Economically a great result, that is indisputable. A small "but" however, did you also improve the customer experience? I am asking as someone who has lived long term in many Airbnb and similar platforms, and almost every single on of them has problems, uses every trick not covered by terms and conditions and has an evasive and unresponsive customer service. Too many to list but I've experienced: No car parking available(were full) when advertised as "with free parking" Free wifi- but not installed Aircon- no aircon in sight(been renovated) Cameras in the flat- but "don't worry they are disabled and part of the alarm system" More such things and extremely annoying to resolve.

Not saying your product has these issues, just asking if this is considered and handled or if it's all purely profit oriented.

Re: We replaced rental brokers with software and filled 200 vacant apartments

#424
post #395

Earlier quoted context omitted.

> Less human involvement = better world /S ...why sarcasm? The entire premise of technological and economic progress is outsourcing repetitive mind-numbing tasks (whether farming or showing apartments) to automation. You're just describing regular old beneficial economic progress -- the reason why we're not all still farmers. And if Caretaker becomes a massive success, then competitors will appear, which is the basic…

If they still end up charging 15% for doing the same thing automated there hasn't been any meaningful economic progress. There's just concentration of wealth. If they can cut that 15% to 1% and this field ends up being competitive then sure. But, they're probably going for a monopoly play here.

It doesn't matter if they're trying to go for a monopoly play here. Competitors would arise and there wouldn't be any inherent monopoly dynamics left.

So of course the percentage will be cut. That's how competition works.

Re: We replaced rental brokers with software and filled 200 vacant apartments

#425

Earlier quoted context omitted.

A lot of it is highly manual on the back end, calling and faxing random state agencies. It’s not like it’s a 90% operating margin business or a lot of companies would be getting in and driving pricing down.

Pretty sure it's infinite% margin when the same report is sent again for another application fee.

If you believe this you should get into the business

Re: We replaced rental brokers with software and filled 200 vacant apartments

#426
post #333

Earlier quoted context omitted.

Cab drivers had goals to own a medallion. That medallion value rose allowing someone to retire. What we have is slightly higher pay until your car breaks. No retirement plan. The drivers lose out. The customer rides in someone's personal car pays a little less sometimes but a lot more (demand pricing) when they really need it. Uber/Lift lose money on each ride but will rise prices as soon as they can once you have fe…

Basing your retirement plan around the continuing artificial scarcity of taxi medallions is not smart . The city has no obligation to keep the medallions scarce; their value can drop to zero overnight due to changing regulations (or a drop in demand for taxi services, e.g. because a better public transportation system was implemented) and they won't owe you a dime. You'd be far better off working with Uber instead an…

Medallions don't come out of thin air. It's the cities that provide them. The cities want this, because taxis are meant to be a component of the city transportation system. They're not there to compete with public transit, they're there to augment it - to service the needs that a bus or a train can't. A medallion comes with a requirement to fulfill those needs, as the city sees fit.

The relationship between public mass transit, and private taxis (and private mass transit) was cooperative. The relationship between city transportation systems and Uber is hostile.

Re: We replaced rental brokers with software and filled 200 vacant apartments

#427
post #302

I recently moved house. I was previously living with my friend, and we had an agreement I pay sometime before the end of the month. He gave me a contract and said you'll need this, just because when you go to the next place they will ask you for your previous contract. He found it online, it was boiler plate and we agreed verbally I pay him whenever during the month. We we're really good friends, and I lived there fo…

(Caretaker cofounder.)

I've been rejected/failed/banned by an emotionless machine a handful of times, and I don't know that anything else has made me feel quite so hopeless. I like to think a similar knot in my stomach keeps me honest.

Thankfully, one of our fundamental incentives as a property management business is to get more quality tenants approved for more apartments. If there are high quality renters qualified to sign a lease and fill a vacancy, mistakenly rejecting them directly impacts a landlord's bottom line. So we're motivated beyond altruism to get this right, which is important.

Along these lines (and perhaps surprisingly, relative to the automation in the post), our income verification product is decidely not fully automated. Non-salaried income reporting can be extremely tricky, and we've run into a number of renters with reliable income on a monthly basis that doesn't fit neatly onto a bi-weekly paystub. In those circumstances, we work with them manually to sort out how we can best present it to landlords on an application.

Re: We replaced rental brokers with software and filled 200 vacant apartments

#428

"The rent of the land, therefore, considered as the price paid for the use of the land, is naturally a monopoly price. It is not at all proportioned to what the landlord may have laid out upon the improvement of the land, or to what he can afford to take; but to what the farmer can afford to give. " -- ch 11, wealth of nations "As soon as the land of any country has all become private property, the landlords, like al…

These are good points for original meaning of 'landlords', i.e. ones who lease land (fixed-amount natural resource), but does not make sense for landlords that lease houses or apartments (capital product).

Re: We replaced rental brokers with software and filled 200 vacant apartments

#429
post #302

I recently moved house. I was previously living with my friend, and we had an agreement I pay sometime before the end of the month. He gave me a contract and said you'll need this, just because when you go to the next place they will ask you for your previous contract. He found it online, it was boiler plate and we agreed verbally I pay him whenever during the month. We we're really good friends, and I lived there fo…

There's a lot of privilege involved in being able to navigate these kinds of social overrides, so the idea that it's good that you can get around stupid rules like this by talking to a person is.. only really true for some people.

What's wrong here isn't the idea that "the rules" could be applied evenly to everyone (that's actually a good thing). It's this kind of incredibly narrow requirement on housing where landlords get to dig deep into your financials to the point of knowing when/how you paid for things.

That's gross, and should not be allowed. It's almost certainly a part of many people's vicious cycles into poverty. It's also, as far as I know, a really recent development and part of the general trend towards more and more invasive surveillance in daily life.

Re: We replaced rental brokers with software and filled 200 vacant apartments

#430
post #402

Earlier quoted context omitted.

Can't really blame software for housing policy. That's a societal issue.

The issue is that policy alone is insufficient. Humans can look past the policy's rigidity when necessary; software can't.

More than that - policy is designed to be interpreted by humans, to be bent or overriden when needed. There are processes in place for that - from a simple handshake deal, through a written contract amendment, to the court system. When software is tasked with enforcing policies, there is no bending, no overriding, no special cases. In this way, software breaks the policies.
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