Property management platform provider AssetOwl Limited (ASX: AO1) continues to receive positive feedback since the recent launch of its Inspector360, photo-centric property management platform.
The Inspector360 app provides tenants, property managers and landlords with an exact record of the condition of residential properties during a tenancy and when tenants move in and out, using AssetOwl’s proprietary virtual tour technology to create an internal view of a property.
Acceptance trials are continuing with AssetOwl’s cornerstone customer, residential and commercial real estate agency and property manager, RE/MAX WA.
Part of the NYSE-listed RE/MAX Holdings. RE/MAX WA, has requested to extend its initially planned one-month trial.
AssetOwl Chairman, Simon Trevisan, said subject to this trial being successful, and the roll-out of Inspector360 to RE/MAX WA, RE/MAX WA will promote Inspector360 to its offices nationally.
Mr Trevisan said the company has agreed to commence Inspector360 trials in January 2020 with several additional existing AssetOwl partners, including Colliers International WA, The Agency Group Australian (ASX: AU1), PCR & Inspection Services and Attree Real Estate.
“The company expects Inspector360 to generate revenue in FY20 following the successful completion of these and other customer trials,” Mr Trevisan added.
We are pleased by how the Inspector360 value proposition has been received by our industry partners in the two months since launch. We have continued to add functionality and the product is achieving highly material operational efficiencies,” he said.
AssetOwl said has commenced the pre-sales and trial process with several dozen qualified leads, having cultivated a strong national pipeline of potential customers of Inspector360.
The company has agreed to integrate Inspector360 with trust accounting and communication platform PropertyMe, one of Australia’s largest and most complete cloud property management software providers. More than 2,500 real estate agencies and property management customers entrust their business process management to PropertyMe.
Mr Trevisan said: AssetOwl has commenced technical integration of Inspector360 with PropertyMe and plans to launch an integrated service offering to PropertyMe customers in March 2020.
AssetOwl is also in advanced negotiations to integrate Inspector360 with PropertyTree, a property management and communications platform with more than 3,500 real estate agency customers across Australia and New Zealand. The Company looks forward to completing these discussions in January 2020 and proceeding to integration.
