HomeRun IQ | STEX

Elevator Pitch

HomeRun IQ is targeting an unserved sector of the real estate residential market. HOAs, condos, and multi-unit rentals lose $60B annually from financial mismanagement. This is due to outdated tools and overworked staff. The problem is getting worse from aging buildings and new regulations. Managers, engineering / construction firms, and financial underwriters are struggling to address, with property owners paying the excessive costs.

HomeRun IQ solves the problem by providing complete financ

Description

Multi-unit properties (condos, associations, multi-family rentals) lack the tools to tackle their annual long-term costs and operational budgets. With an average property age of 40+ years the problem is accelerating especially as capital spend is growing 14% annually. Yet owners, operators and service providers try to manage the process with paper, Excel, and out of date information. The result is $60B in waste annually. Underwriters relying on this data are significantly raising premiums to manage risk. This is further complicated by growing regulations and new agency guidelines adding complexity.

Technology Description

HomeRun IQ solves the problem with collaborative financial planning, budgeting, and tracking. The cloud-based solution unlocks deeper analyses and better decisions, let alone eliminates wasted work. With user friendly interfaces and powerful analytics, users can plan and address critical property needs. Along with built-in financial tracking, the service saves staff valuable time and avoids costs. Furthermore, the collected data is critical to underwriters, asset managers, and owners. Leading to additional opportunities in underwriting and risk management.