real estate startup


PHOTO: Cori International Investments

Based in Atlanta, Georgia, the real estate firm is seeking to recruit Uber drivers to help it find derelict properties on their routes that Cori can buy and then sell for a profit. The company launched its Deal Finders program with roughly 100 drivers in January.

“What happened was, as we started to build the program, we started to attract a certain type of deal finders that was a ride-share driver,” Cori International Investment Chief Technology Officer and co-founder Eric Richner told Yahoo Finance On the Move.

“This is an opportunity for [drivers] to pick up a passenger, drop them off and then in the location that they’re at if there is a rundown property, they can take 30 seconds to a minute, snap a photo, and within 30, 60 or 90 days, depending on the length or type of deal that may come from that lead, that individual will be compensated,” said Richner.

According to Richer, there are far more rundown homes than the average person would know of or expect. He explains that there are communities devastated with widespread job losses or certain areas that haven’t been paid attention to. These homes may no longer be maintained because owners are elderly or out of work. Some of these properties may also be inherited or probate cases and “the siblings and the heirs live on the other side of the U.S. and they don’t even know about the property,” he said. “They just don’t care because it’s too much trouble or too expensive.”