Anthony Silva is lead developer for Address Income.
Courtesy
Financial experts and gurus often tout real estate investment as a stable path to growing personal wealth. However, they often fail to mention how complicated the process can be.
Entry-level investors, in particular, face numerous hurdles and roadblocks, from limited access to comprehensive property listings to a lack of indispensable market analysis.
This complexity contradicts the “simple” and “easy” image portrayed by enthusiasts and has turned many away. These challenges are compounded by Nevada’s unique market dynamics.
For example, in Reno, just like in our state’s largest city, Las Vegas, an increasingly dwindling supply of investment opportunities, matched with rising interest rates, can make finding the right real estate opportunity a tall task.
The issue of finding the right place in an increasingly challenging market is even further exacerbated by inequities in access to data and analysis, revoking the data-driven intelligence people need to make informed real estate investment decisions.
These concerns drove us to create Address Income, a brokerage designed to democratize real estate investment and eliminate unnecessary gatekeeping.
It all started with an increasingly popular investment strategy in the industry: investing where people live. This concept dictates that many investors want to find opportunities centered around single-family and multifamily properties.
Unfortunately, traditional brokerages often overlook this strategy, mainly because of the division in the real estate market between the commercial and residential sectors.
While the former overlooks single and multifamily investment options, the latter focuses on helping people find homes rather than investment opportunities.
This division created the need for a residential brokerage that supports the needs of traditional homebuyers, sellers and real estate investors.
Trevor Richardson
To tackle this, Address Income offers an innovative and unique approach for investors, homebuyers, and real estate professionals alike to access the tools they need to succeed in an increasingly difficult market.
Our brokerage combines traditional real estate services and investments into a comprehensive service that wields emerging technologies to offer advanced analysis and vital tools for individual investors.
To offer these advanced analyses that are valuable to support homebuyers, sellers, and investors, we work to leverage community partnerships and the latest technological advances.
For example, we are collaborating with the Nevada Career Studio’s Wolf Pack STEM Internship Program at the Nevada and have four students building the most advanced platform in the region for real estate investors.
Together, we are developing cutting-edge tools that draw on a machine-learning model to help predict rental rates for properties, directing investors with the data-driven foresight to navigate Reno’s real estate market to fit their goals.
Meanwhile, we are also working to develop an artificial intelligence-powered chatbot to help investors search for the best opportunities in the Reno market.
Through these technologies, Address Income is democratizing access to indispensable, game-changing real estate analysis, which will help level the playing field for entry-level investors.
Looking ahead, I am excited to see how emerging technologies like AI can make real estate investment more accessible in Reno and beyond.
Yet, as these technologies evolve, there is an even broader potential for democratizing the investment and financial services sectors, providing equitable opportunities for all to achieve their investment goals.
Trevor Richardson is the CEO and founder of Address Income.