AssetOwl signs first Victorian client to rename property inspection platform Pirsee
Enterprise property management technology provider AssetOwl (ASX: AO1) has enrolled its first Victorian client to its new property inspection platform, Pirsee.
Last month, the company announced the rebranding of its Inspector360 software as a service (SaaS) platform, which uses virtual technology to create an internal view of residential properties.
Pirsee, derived from the words ‘property inspection report’ and the verb ‘to see’, was originally launched in Western Australia with the aim of expanding to Victoria and other markets on the east coast.
This new signing announces the company’s entry into Victoria and the start of its expansion on the East Coast.
AssetOwl Chairman and CEO Geoff Goldsmith described it as an “extremely important” step for the company, with Victoria having the second largest rental market in the country.
“Pirsee is perfectly positioned as the only software that can help property managers and their clients perform routine inspections completely remotely in a safe, compliant and efficient manner,” he said.
Remote inspection capability meets challenges of COVID-19
AssetOwl’s agreement with the undisclosed real estate agency is subject to trial use, which is expected to take longer than normal due to current COVID-19 restrictions in Victoria.
AssetOwl worked with the real estate industry in Victoria last year when it first faced the challenges of COVID-19. It has entered into a nine-month partnership with the Real Estate Institute of Victoria (REIV) to help provide real estate agents with routine remote inspection and virtual tour capabilities for sale through its home platform Inspector360 .
“While these difficult times mean that our remote inspection capability has received considerable attention, in the longer term we expect to see Pirsee gain market share with its full range of advanced features and functionality.” Mr. Goldsmith said.
Residential property inspections in Australia are highly regulated at the state level. According to the Australian Bureau of Statistics, around 645,000 Victorian households rent privately, nearly three times more than Western Australia.
AssetOwl said initial discussions with Victorian agencies were “very positive”, with particular interest in Pirsee’s remote inspection function.
“To the company’s knowledge, Pirsee is the only product available on the market today that allows property managers to direct inspections remotely via a video call, while also being able to capture high-resolution photos and review them in real time, ”he said.