AUTOMATED RENTAL AMOUNT MODELING AND PREDICTION
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United States of America Patent
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app pub date -
Sep 22, 2014
filing date -
Mar 8, 2013
priority date (Note) -
Abandoned
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Abstract
Disclosed systems and methods can determine predicted rental income, estimated error of the prediction, and a set of comparable rental real estate properties for use in the valuation of a subject real estate property rental value. In one embodiment, the rent prediction system receives rental information about real-estate properties, determines feature characteristics, trains a rent amount prediction model using the feature characteristics, determines a second set of feature characteristics based on the output of the rent amount prediction model, and trains an error prediction model using the determined second set of feature characteristics. Using the trained models, the systems and method may predict a rental value and prediction error for one or more subject properties.
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