Mary's Watch, Inc. is a property and data management platform that offers cost effective communication tools to the housing industry. These tools connect all users to one network which feeds into a database allowing people to collect, store, share, and analyze data in real time, while still maintaining control of their own data. Much of the data is collected automatically, removing the input burden from users. We collect payment, behavioral and maintenance histories so we help neighborhoods tell their story with documentation.
It's easier to make a $60 or $150 credit card payment than a $900, $1200, $2500 rent payment. Shouldn't making those payments consistently tell the real story of your ability to pay your obligations. Only large property owners can afford to report to credit bureaus the small guys have very little to no support.
And since small property owners and those who own/manage multifamily properties professionally or for themselves make up the largest portion of affordable housing providers outside of the government, wouldn't they make the most logical place to start rethinking how we report payment histories and what's done with the information?
With the data we'll provide the banking industry, the insurance industry, and the not for profit industry we should be able to work together to raise the economic level of every neighborhood across the globe. Being able to get messages out to the low income and middle income markets also means we get to message the people who finance them and the people who own the properties they live in. That list now includes private equity firms, real estate investment trusts and other funds. Removing risk for everyone in that market will help open the flow of capital to what have been considered risky areas, therefore relieving economic pressure and paving the way for all of the fantastic ideas submitted to OpenIdeo, especially in emerging markets.
Only with an established network can we connect the renter to the Nest thermostat in the unit and help them see how they can help control cost. It will also help prepare them for ownership of any kind in the future. A network helps to create transparency in the marketplace (the neighborhood), transparency removes risk, which opens doors and opportunities. So when a renter won't change their negative habits his next landlord can easily see the pattern and protect themselves as they see fit. With this kind of network we can figure out how to build credit based on your reputation individually or as a neighborhood business. So I'm inviting the OpenIdeo community to join together with us as we work toward some real tangible solutions for the world.