Case Study

Mynd's primary goal with utilizing DwellsyIQ was to bolster our rent underwriting capabilities. We felt the quality and scope of data provided by other vendors was not meeting our needs, so we looked at DwellsyIQ as a potential improvement in three key areas:

• Density of data within our active markets
• Accuracy and recency of data records
• Image access for properties

After review, we determined DwellsyIQ provided us an opportunity to implement a product we felt offered us a higher quality of data and unique listings that our other listing sources were not providing.

"Across multiple key property features, DwellsyIQ possessed a high degree of accuracy"

Results and Outcomes

To evaluate Dwellsy, we compared our results from DwellsyIQ to those we had from alternative listing sources in our Global Property Record (GPR). To validate data quality, we benchmarked Dwellsy's listing information against our managed properties since we possess source of truth data on those properties.

We found that, across multiple key property features, DwellsyIQ possessed a high degree of accuracy, particularly for square footage and bedrooms, full bathrooms, and half bathrooms. DwellsyIQ matched our first-party data on over 80% of these records. Square footage error was approximately normal with a mean difference of 0 and sharp fall-off.

Most notably, DwellsyIQ matched records for our first-party data at a substantially higher rate than for our other third-party data. This suggested to us that DwellsyIQ data was likely more accurate than our existing third-party sources.

"DwellsyIQ data was likely more accurate than our existing third-party sources."

In terms of listing volume, we found that DwellsyIQ did not typically provide as many new listings per week as some of our other third-party sources. We compared the new listings available weekly in DwellsyIQ compared to two other third-party vendors in MSAs shared across all three vendors.

About Mynd

Mynd is the first and only end-to-end real estate platform that helps investors find, buy, lease, manage, and sell residential investment properties. Our integrated tech + services model allows you to build and manage a portfolio remotely, from anywhere in the world.

mynd.co