Prevention of Subletting Of Rental Properties Using AI
An AI-based solution that can be used by the government, property owners, and housing corporations to prevent re-rental property fraud in neighborhoods.
- Technology : Artificial Intelligence, Natural Language Processing, Image Processing & Computer Vision
- Industry : Hospitality
Business Objective
- Illegal subletting of properties is growing in numbers
- Subletting of rental properties through platforms like Airbnb and booking is illegal in many countries
- Tenants are making money by subletting on a semi-permanent or permanent basis without landlords’ consent
- Local council regulations and legal frameworks are not sufficient to find an increasing number of fraudsters
- Prevention of subletting of properties requires an intelligent solution to find such illegal cases with strong evidence
Solution
- Ridgeant’s AI-based solution helps municipalities, landlords, and housing corporations find fraudulent use of properties
- Uses internet data to find information about illegal rental activities
- Performs image similarity between data in the public domain and the property database
- Rental advertisements are analyzed to find the exact location as limited details are available in the public domain
- Protect property owners from financial losses and help Enforcement teams get more insights into fraud
Result
- Increased collaboration between housing societies, municipalities, and property owners
- Reduces administrative burdens to find such fraudulent cases
- Improved trust and credibility of the rental platforms among users
- Ensure compliance with local council rules and regulations
- Prevents fraudulent use of properties and potential legal issues
- Assist enforcement teams to be aware of what is happening on the internet or such vocational rental platforms
Benefits
- Improved overall customer experience
- Help government, housing corporations, and insurance companies to prevent re-rental property fraud
- Automatic fraud detection through an easy-to-use AI-backed platform
- Municipalities can manage tourist rentals across neighborhoods in a fair manner
- Increased flexibility and more control over pricing
- More control to manage tourist rentals and illegal renting of houses
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Working with Ridgeant was a game-changer for us. Thanks to Nitesh from Ridgeant, our data strategy is on point and giving our business a major boost!
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Ridgeant has made a real difference for our insurance firm. Their know-how in fraud detection is top-notch. Their data strategies have been a big help, and we are seeing great results. We are quite pleased with what they've done for us
They truly understand what they do. Their restaurant analytics provide real-time insights into our operations and customer behaviors, and it has made a significant difference in our business.
Working with Ridgeant has been fantastic! Thanks to their AI and ML-powered solution, we've made great progress. Their expertise helped us spot and prevent fraud in rentals and make us trustworthy.
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