Real Estate Investor August 2022 | Page 167

Besides us marketing vacant parking bays to the public , our machine learning and analysis capabilities empower landlords to effectively and seamlessly oversell the parking . Let ’ s say there are hundreds of bays and the parkade is not filled to capacity , we could - for argument ’ s sake - effectively oversell a hundred of those bays and bring in up to R150,000 a month , every month .
The platform has resulted in far less maintenance for corporate and retail landlords , and removed all discussions around heavy capital expenditure . Instead , we are running a platform that reduces capex by a factor of ten , while providing a fully digital , cashless , paperless and contactless interface for users of parking bays . Customers and parkers are now drawn by convenience to the parkade .
SA Real Estate Investor Magazine AUGUST 2022 167