Brickwise
AI property manager for landlords and estate agents
How did your company get started? (i.e., How did the founders meet? How did you come up with the idea? How did you decide to be a founder?)
Hey everyone đź‘‹
We’re Ismail & Elias - co-founders of Brickwise.
TL;DR
Brickwise is building an AI property manager that automates maintenance for landlords and property managers.
Landlord’s usually get into property as a great way to make money. They quickly realise it requires a lot of work, so they hand tihngs over to property managers. On average, 1 property manager is hired for every 100 properties. It’s always just been the cost of property management.
Brickwise is making it possible to deliver profits and margins that just hasn’t been possible pre-AI.
Ask: Are you a landlord or property managers? Or, do you know landlord’s or property managers? I’d love to speak to them directly: ismail@brickwiseai.com
What is the core problem you are solving? Why is this a big problem? What made you decide to work on it?
There are 240,000 property management firms in the US. They spend ~$56bn per year on salaries to manage properties. This reality is true pretty much everywhere in the world. In Europe, 214,000 firms spend ~$35bn on salaries.
And this just represents half the problem (literally). Roughly 50% of landlord’s are so put off by the cost of using a property manager, they choose to manage it themselves.
Unfortunately, this just hasn’t been solvable before. The more properties you have, the more people you need. 1 person can only answer so many emails or respond to so many calls.
We’ve been there before - building a small property management firm over-seeing 130 properties. We understand the nuances of managing properties from maintenance issues to evictions.
We also understand why, only now, technology has made it possible to change this.
