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AssetOwl (ASX:AO1) - Chairman & Non Executive Director, Simon Trevisan - The Market Herald
Chairman & Non Executive Director, Simon Trevisan
Sourced: Business News
  • AssetOwl's (AO1) newly-launched virtual tour model for its inspector360 platform has been commercially used for the first time
  • inspector360 uses a combination of geospatial information systems and virtual reality technology to deliver a rent inspection program
  • On April 8, AssetOwl announced it had fast-tracked a virtual tour creator for inspector360 due to COVID-19 social distancing rules
  • The virtual tours are created using the same process for inspections, however, the app creates a virtual tour that highlights the property
  • RE/MAX WA is the first company that has used AssetOwl's virtual tour app and the first properties only went live yesterday on realestate.com.au, REIWA, and Domain
  • AssetOwl's share price is up a steady 30 per cent and shares are trading for 1.3 cents each

AssetOwl's (AO1) newly-launched virtual tour model for its inspector360 platform has been commercially used for the first time.

inspector360 uses a combination of geospatial information systems and virtual reality technology to deliver a rent inspection program.

Tenants, property managers and landlords are able to document the condition of the property throughout the tenancy period.

On April 8, AssetOwl announced that it had fast-tracked a virtual tour creator for inspector360 due to social distancing restrictions surrounding COVID-19.

The virtual tours are created using the same process for inspections, however, the app creates a virtual tour that highlights the property.

Sourced: AssetOwl

While the tours are designed to be performed by a real-estate agent with knowledge of the property, anyone with a phone camera capable of taking panoramic photos is able to upload the photos.

RE/MAX WA is the first company that has used AssetOwl's virtual tour app to list its properties that are available to buy and rent, and the first only went live yesterday on realestate.com.au, REIWA, and Domain.

RE/MAX WA will now introduce this app to all of its offices in Western Australia and nationally.

"Although we didn't imagine the current circumstances, inspector360 is perfectly suited to add value in this time of mandatory social distancing," Chairman Simon Trevisan stated.

"The existing functionality of inspector360 makes the platform ideal for remotely managed inspections. We invented to build Upton the Virtual Tour for rentals function and roll out more functionality in the near future which will make remote inspections even easier to conduct," he said.

AssetOwl will soon be releasing an in-app video conference function which will allow property managers to guide tenants through the inspection process.

AssetOwl's share price is up a steady 30 per cent and shares are trading for 1.3 cents each at 2:35 pm AEST.


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