Started a side project to price my own rentals. I manage properties in Memphis and got tired of estimate tools that guess, so I started tracking what actually happened: 2,405 rentals to the day they leased and every Airbnb calendar .. every night.
Then I kept peeling the onion. Every question led to another public record: what it really sold for, how long it sat, what the one across the street booked last month. Side project now has every Memphis address in it and a name: Property Priors. Accuracy graded in public, misses included.
Tonight I ran a $700K house through.. rent read came back $2,045 a month. Obviously wrong. Dug in: my data barely covers houses that expensive, and instead of saying so, it guessed. Dialed in the engine.. not enough data at this price point to give you a number.
A modeled estimate never finds out it was wrong. Mine does, every week, and it gets harder to beat each time. Thatโs the whole bet.
@KingCapece We built an interactive crime map you might be interested in seeing. Updated daily and shows the real reduction in crime.
https://t.co/Ht4IydQMtc
@KingCapece Memphis is on the mapโฆ two of the largest private companies in the world have planted their flag. Real estate investors should get ahead of the explosive growth thatโs around the corner.
@toddstarnes@elonmusk@ChickfilA Thank you, @elonmusk . As Memphis residents, we are deeply grateful to everyone who helped make this possible. Just 72 hours into federal deployment, we already feel a noticeable increase in safety.