HelloData

What is HelloData?

HelloData is an AI tool for real estate data analysis. It uses computer vision and artificial intelligence to process real-time market data, helping users analyze their competition, boost revenues, and improve the performance of multifamily properties. The platform provides daily competitor analysis for real estate professionals.

HelloData offers three main products:

• RentSource — automatically handles multifamily rent surveys, gathering data on roughly 800,000 properties every day, including rent, availability, fees, and concessions. Users receive weekly updates summarizing changes from competing properties.
• LiquidRent — a revenue management system that connects with property management software to recommend optimal rent prices for property managers and owners.
• QualityScore — uses computer vision algorithms to analyze interior and exterior photos, providing objective assessments of property quality and condition.

Who created HelloData?

HelloData was founded by a team that had already worked together for nearly a decade on real estate data pipelines, predictive algorithms, and workflow automation technology. The company provides automated market survey solutions for the multifamily sector, analyzing real-time data from property websites and public datasets to identify comparable properties, survey rents down to the individual unit level, and make pricing recommendations. The platform saw significant adoption, with major industry players embracing it within a year of its launch.

What is HelloData used for?

• Multifamily analytics: Insights into competitor leasing trends, concessions, fees, and amenities.
• Automated market surveys: Generate surveys and reports automatically, cutting report times by over 80%.
• Historical data: Access reports on past rent and leasing trends.
• Underwriting automation: Streamline underwriting for appraisers, brokers, and lenders.
• Property-specific reports: Create custom comp reports for individual properties and monitor leasing activity within specific submarkets.
• Development pricing: Price current and future multifamily developments.
• Revenue management: Integrate with property management software to optimize revenue and rental pricing.
• Property condition analysis: Assess property quality from interior and exterior photos.
• Operational improvement: Enhance operations and deal flow for multifamily operators, developers, and acquisitions teams.