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" ... It’s been my experience that the past few years have seen a swell in tax valuations as tax assessors have become more aggressive in raising real estate tax values. Commercial real estate is heavily impacted by these increases. It’s fairly typical of the industry that tenants have an “all in” number they are willing to pay to rent space at your center. As taxes go up, the amount of rent you receive can go down. A vital component of managing your portfolio is monitoring taxes and doing what you can to mitigate them. ... "
" ... Several studies and investigations show that many tax assessors still routinely saddle Black and minority residents with property tax bills that are too high given the market value of their homes. ... "
" ... So our temporary superhero now employs her special power: audits. The startups are being pulled in front of expert assessors that are suddenly flagging the missing rigor, unveiling the hidden risks and providing the Pavlovian punishment of higher fees. ... "
" ... The value is the information, first to the homeowner in the form of a calculator that translates the image into a "comfort score" and a sort of home MPG, as well as recommendations for how to fix the glaring problems. Second, that new slice of home data -- and the activity that flows from it -- is potentially interesting to many players in real estate, including real estate agents and mortgage brokers, auditors and assessors, and insurance agents and contractors. ... "
" ... There are thousands of business niches that can benefit from artificial intelligence (AI), but perhaps none more than residential mortgage processing. It’s almost always a slow process now, but most people who apply for mortgages would like to have the process be much faster. It’s highly information-intensive, with information coming from a variety of sources: banks, employers, real estate agents, assessors, etc. There are substantial fees involved, so there is both money to invest in improvement and a need to make to make things cheaper. ... "