While sectors like finance and manufacturing have rapidly embraced interconnected digital ecosystems, the U.S. real estate market remains notoriously bogged down by outdated, manual workflows. Property managers continue to lose countless hours acting as middlemen, shuffling critical documents between tenants, owners, insurers, and third-party vendors. This fragmentation not only drains productivity but also leaves a massive margin for costly human errors and delays.
To bridge this technological gap and combat market fragmentation, GetCovered has announced its acquisition of the AI-powered vendor intelligence platform, Revyse. Brandon Tobman, CEO of GetCovered (article’s featured photo), explained that the decision to join forces with Revyse has built “the most comprehensive compliance infrastructure in multifamily real estate — one that already powers insurance compliance for more than 3 million rental units nationwide”.
The real estate sector is currently on the cusp of an AI revolution, with McKinsey research suggesting the technology will unlock up to $550 billion in value across the value chain. Property managers are facing shrinking margins due to high-pressure pain points, such as skyrocketing rental property insurance premiums and complex vendor compliance. Missing an insurance policy or failing to verify a vendor’s public liability standards can leave managers responsible for costly bills in the event of serious damage or neglect.
GetCovered’s modular, API-first platform already reduces these burdens by automating certificate of insurance (COI) tracking, policy administration, and providing embedded insurance workflows. Now, by bringing Revyse’s comprehensive vendor management capabilities onto their platform, users have a single, unified system to easily manage bids, contracts, credentials, and overall spend.
Unlike standard tools that simply track issues and leave teams to manually action the next steps, Revyse’s AI-powered features take immediate automated action. For example, if a vendor falls out of compliance, the platform can automatically hold payment until the problem is completely resolved. As Bobbi Steward, CEO of Revyse, noted: “Revyse was built for the messy middle, the edge cases, the exceptions, the workflows that don’t fit neatly into a single system”.
Unified platforms solve fragmentation in the real estate back-end
Vendors represent a common but critical risk factor when it comes to managing rental properties. Property managers rely on a huge range of third parties to conduct essential repairs, clean apartment buildings, and keep electrics up to current safety standards. However, sorting through all these options to ensure every single vendor has proper public liability insurance in place creates a massive, time-consuming administrative burden for teams trying to maintain full compliance.
By combining forces, GetCovered and Revyse are building a single operational layer designed to consolidate the fragmented systems that property operators currently use. This goes beyond basic insurance and vendor compliance, extending into the management of contracts, deposits, pet policies, and reputation monitoring. Through this unified approach, complex risk rules can be clearly defined, enforced automatically, and tracked in real time.
Ultimately, the future of AI in real estate is less about automating simple workflows and more about reimagining how various stakeholders can work together. By consolidating disparate tech tools, GetCovered empowers real estate teams to reduce manual coordination, prioritize human relationships, and focus their day on proactive, value-adding tasks while the technology scales efficiently behind the scenes.
