Nestio, a marketing and leasing software provider, has announced the launch of Funnel, a new platform to help optimize the multifamily leasing experience with the help of AI-technology and an automated leasing process.

"As arduous as the apartment rental process is for renters, it's equally inefficient for leasing teams who have to schedule viewings, run background checks, and field questions. That's why we're thrilled to announce Funnel by Nestio," said Caren Maio, CEO and Co-Founder of Nestio.

This technology increases conversation by automating manual tasks, making for an easy and instant online leasing experience, the company said. 

With AI-powered technology, Funnel eliminates the need for an applicant to provide documents such as bank statements, pay stubs and tax forms.

In November, the company announced its enhancements made to the platform to simplify tour scheduling and lead management. 

The online leasing component of Funnel will be released in beta this year, and will do a full launch in 2020, Nestio said.

The full launch will include automating inventory management, lead inquiry responses, real-time tour scheduling, and shortly, the entire online leasing process.

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