With 5.2 million American renters defrauded by rental scams, the largest small-residential rental manager on the West Coast is helping renters fight back with its new AI tool called Scamlord.ai.
FOR IMMEDIATE RELEASE / PRURGENT
SAN JOSE, Calif. April XX, 2020 – With 5.2 million American renters defrauded by rental scams, the largest small-residential rental manager on the West Coast is helping renters fight back with its new AI tool called Scamlord.ai.
‘’Onerent is launching Scamlord.ai, our first anti-rental scam tool to help educate renters and stop scammers in their track. With US$2 billion lost to rental listings fraud, it’s high time a tool like this is made accessible to renters,’’ said Chuck Hattemer, Co-Founder and CMO of Onerent.
Having encountered thousands of fake rental listings over the years, Onerent has put together its learning to develop Scamlord.ai. It is designed to help renters spot fraud in rental listings and avoid being duped out of their hard-earned money.
“We’ve designed our algorithms to tune into the behavioral patterns of rental scammers and feed these into a learning model that detects the likelihood of a scam,” said Julian Kuan, Onerent COO and Lead Data Scientist.
Scamlord.ai is simple and easy to use. Renters input specific information they found on the listing of a property they’re interested in and the AI verifies these to weigh in the likelihood of a scam. Once they get the result on Scamlord.ai, renters can make an informed decision to stay away or go with the listing in question.
It is in the best interest of renters to use the Scamlord.ai tool before they make any inquiries on a listing, especially if it sounds too good to be true. This way they won’t have to waste their time talking to a fake landlord and avoid the risk of being defrauded if the listing turns out to be bogus.
Scamlord.ai also provides renters helpful information on scammers, as well as recommendations on what they can do if they have been victimized.
''This is critical especially in this time of social distancing due to the global pandemic. Fake landlords use this as an excuse for not conducting a showing and ask prospects to wire in advance their deposit and first month’s rent,’’ Hattemer said.
Many victims have lost hundreds and even thousands of dollars this way. They arrive at the property to find out the key doesn’t work or, worse, the rental is already occupied.
''In this time of a global pandemic, being duped out of your money and finding yourself without a home is a cruel experience. For some victims, it could end in financial ruins,'' Hattemer said.
Founded in 2014, Onerent helps monetize and manage property in the cloud, streamlining the rental experience. The company manages over $2 billion in residential rental properties across six major metro areas in California, Washington, and Colorado states, with new markets coming soon.
Onerent’s leadership team carries over 50 years of combined real estate experience. The company is venture-backed with over $15 million from numerous Google execs such as Jeff Dean, Chief of AI at Google; Bob Moles, former Trulia board member and CEO of Century 21, XG Ventures, Renren; and the Far East Organization, Singapore’s largest real estate developer.
CMO & Co-founder