Ep 023 - Revolutionizing Home Inventory with Generative Photo AI

Welcome to Be a Smarter Homeowner Podcast, where you'll discover strategies to save money, save time, and be better organized in managing your largest financial asset and biggest expense, your home. Your hosts, John Bodrozic and Beth Dodson, who are co-founders of HomeZada, have been supporting homeowners for over 20 years. They are here to share with you their tips and suggestions, as well as interviews with industry experts. With the goal of helping you become a smarter homeowner. Now here's your hosts, John and Beth.

Hello everyone. Welcome to Be a Smarter Homeowner Podcast. I'm one of your hosts, Beth Dodson. I'm with John Bedrosian, one of our other hosts, and we are going to talk about all things home and how we make it easier for people to manage the details of their home, but specifically Today, which I'm super excited about. We've been talking about life events as it relates to home inventory. We just have, and we're going to kind of go jump back and forth around life events and some of this new AI technology. And today we get to talk about AI as it relates to home inventory. And a lot of these feature sets for everyone here are newer for HomeZada, and even I don't know fully All the details about this because I've been using HomeZada for so long that I use the traditional method of using HomeZada to create my home inventory. But I am going to turn it over to John a little bit more to tell us a little bit about this whole concept of Homeowner AI.

Yeah, absolutely, Elizabeth. You're correct. When we built the platform, we kind of built it without AI in terms of the user interface of generative AI. And a lot of people love it. And you know, the process of creating a home inventory was photos and videos. videos and those kinds of things. And that we've incorporated homeowner AI as it relates to inventory, but it's optional. But once you actually hear it and see it, it's— it is, of all of our AI features, and it's embedded throughout our platform, the home inventory AI is the most commonly used AI feature amongst our customer base in the last 6 to 12 months.

Oh my God.

Because it is so amazing and powerful. And it also kind of dovetails into a lot of the questions that we get from customers and homeowners is, how do I take a home inventory?

Oh yeah, we get that all the time. Where do I start?

Yeah, exactly. Where do I start? And so it's sort of like the— I think it's like people need to have a plan mentally. It's like, okay, I need— I have the inside of my house. Sometimes people forget you should take pictures on the outside of your house. We've talked about sort of the fixed assets versus the personal property. Then there's the whole—

Will you do us a favor, John, just to remind people who maybe have never heard us on this aspect? Will you talk about fixed assets and personal property real quick?

Sure. Fixed assets are essentially the things that are fixed with the house. So it's like the equipment, the HVAC unit, the hot water heater, the built-in appliances, all the building materials, the granite countertops, the hardwood floors, all the plumbing fixtures. Those are the things that tend to need maintenance, perhaps get remodeled or, or marketed when the home gets sold. Personal property tends to be the things that are like your furniture, electronics, your clothing, your small tools, all your high-value item collectibles, uh, things that go in the moving truck. So inventorying both of those things is important, but let's face it, every consumer homeowner in America may have a difference over what they think is important to them as it relates to those 2 categories.

Yeah, and you know, um, do you think that The reason why we get this question a lot, where do I start, is because people are just overwhelmed with what's inside their home. And they're trying to figure out, not only overwhelmed, but they're trying to figure out, how do I, where do I get started? How do I get started? How do I do this so that I continue doing it and I actually complete it? And then also, What's really important, or I don't even know what I need to know because I need to think of this long term. And a lot of people are always not always doing that.

Without a doubt, and it gets into thinking about your home like all the rooms, the interior rooms. How many rooms do you have in your house? What's the outside of your house like? And then it's also the. what I call the strategy over what you wanna accomplish with the home inventory. And we even have this educational, AI actually provides some education where we basically tell people speed versus accuracy. Let's face it, most consumers want to have a home inventory, but they think it's gonna take too long.

Sure.

So they only wanna allocate a little bit of time, but then they want this sort of amazing accuracy. And you gotta basically, create a strategy over what's most important to you. And I'll give you an example. Some people think, I just want a home inventory in case disaster strikes. Well, the easiest way is to basically walk through each room in the house. Let's say you have a 10-room house and take a 2 to 3 minute video, and that's it. And maybe the outside of your house. Now you at least have videos over what's inside your house so that in case ever something ever happened, You have those videos to sort of remind you what's in your house. But that's not as much detail that the insurance company may want to see. They want to see an itemized list.

Exactly.

Even though it's on a video, you still may have to go after the claim to basically produce the itemized list, right? And then, because it's a consumer application, every consumer then goes to, well, I want some more accuracy. Then it jumps to, well, maybe I should take photos of all the rooms inside my house. Because I can take photos from different angles of each room inside my house, and I can use that to sort of itemize it. Then there's the most detailed, which is not only am I going to take photos of each room in my house, I'm going to take close-up photos.

Yes.

Individual photos over either the fixed asset or the personal property that's important to me. So that could be the HVAC unit, the hot water heater, or that big screen TV, or those power tools, or whatever's sort of important to you. And you can sort of take that. And that also is a huge driver around photos and AI, 'cause that's what we're sort of talking about here, is the AI can process the photos, but it really depends on what the composition of the photo is will determine what the AI tool can and cannot do.

And so why does the composition matter?

So it gets into, right, imagine you took a picture of a family room, like a wide-angle picture, and in that composition of the photo, you can see the furniture item of the TV and maybe some books and some artwork, right? Uh, if you use that to process the AI, to process via AI, it's going to try to identify the objects. But that photo may not be able to see the brand name of the TV.

Ah.

Right? Because it's so far back, it can't detect the brand name, or it can't detect the artist's name of the art on the wall.

Sure.

Now, if you take a close-up photo of the TV, and we'll even show you when you take a close-up If you can get access to the back of the TV, the serial number or the nameplate, now you have more details about it in the composition of the photo, which makes Homeowner AI much more intelligent to be able to detect even more levels of detail. First one knows you have a 60-inch TV. The close-up photo knows that it's a 60-inch TV and it's a, you know, Samsung model XYZ, blah, blah, blah.

Got it.

And then it gives you all the details about it.

Now, sometimes, and we've talked about this before with, because our products have had some AI on the inventory for a long time, we've talked about this a little bit before. Sometimes you can actually get too close to an item, AKA like stainless steel items.

Yeah, I mean, it, it, it, it, it, it, you know, we've experienced this watching our customers use it for probably over a year now. And there's a, there's a balance over trying to create photos that are going to be the best and most accurate. People always ask me, well, how accurate is the AI? Well, a lot of it is how good is the photo. If the photo is too far back, it may miss some things. If the photo is too close, it may get confused on is this a toaster or is this an espresso machine?

Yeah.

You see what I'm saying? And so, yeah.

Yeah, I mean, you look at like stainless steel is like the easiest thing. You look at a dishwasher, which doesn't have usually anything on the front of it if it's stainless steel. And same thing with a refrigerator. And you could actually get really close up to the refrigerator or the dishwasher and all it sees is stainless steel.

100% agree. And I tried this literally like 2 months ago, which was took a picture of the microwave that's built into the cabinet and you could see the microwave brand name. Pretty good on the AI bit, but you open the door and most people don't realize if you open the door around the door or whatever is probably the little barcode.

Oh yeah, that's right.

And then you could take a picture of that, and now it becomes much more smarter because it knows the make, model, and serial number. And we, we also get into back to the what is a good inventory. Some people really want the owner's manuals and the product warranties and all the other stuff that may come due, especially if it's what's under warranty and what's not. How do I fix this thing? So there's this real what I call strategic plan that a consumer needs to sort of mentally think about.

Sure.

And it's not like it's complicated. It's maybe 10, 15 minutes of thinking of like, how much time do I want to invest in this? How many do I want to do this? You know, 1 or 2 rooms a weekend. Do I first want to go through and take pictures of all my rooms? Then I'm going to go back and take individual close-up photos. And I think we're planning— I was planning on showing you some demos today. When you start to see the demos, you'll start to see the different trade-offs that you could sort of decide. And make fun— make it a fun task, you know what I mean? It's like process a few photos in AI, see what it did. Oh, that's cool. Maybe I should do something different, take a few different photos. And it sort of becomes addictive a little bit when you see the power of the AI processing the photos.

Plus, I'm a firm believer in if you're going to take an inventory of a home, involve your family. Have everybody take different photographs and then you can upload them later or what have you. Or Make it a game, who gets done the fastest, you know, but takes all these little detailed photos and stuff. And that can be a fun family task that teaches even kids that they need to do this when they eventually own their own home. I think that's awesome.

Yes. And back to my point about speed versus accuracy, right? Do I just do videos or photos or individual photos? I think my personal opinion, watching our customers' behavior, is The AI tool gives you the absolute best of both.

Oh.

It's the fastest and the most accurate with the least amount of work, which is why I think it's so popular with our customers today. Because, you know, I think it's really cracked the nut of, wow, I can not take a lot of time but get an amazing level of detail. And I feel much more peace of mind that I've documented my inventory for insurance or estate planning or maintenance purposes or whatever sort of the end moving purposes, whatever the end result is.

Yeah, we're hearing that from a lot of customers. I mean, a lot of customers, even something as simple as taking a picture of a room. And even though there's a print on the wall, people have said, I literally did not even see the print, even though it's in the picture. And I'm like going, okay, but it's like, it's odd because they've lived in this house. And I think They just get— I don't want to say just used to, maybe, but maybe it's used to. They're like, they take some things for granted that they have. And then we've also had a lot of customers really talk about the positivity of the speed of accuracy, especially when they do have to file a claim. We've had several customers find the AI portion of HomeZada's inventory, and they are overjoyed That this is processing photos so fast that their claim process is going to be so much easier because— and this happened to one customer— he's literally rebuilding his entire home because of a fire. And then firemen come in and douse it with water and it's just absolutely destroyed. So he's like, I got to play project manager on rebuilding the whole house. The last thing I want is having to recall or remember everything in my house. He's literally using tons and thousands of photos and getting accurate details as fast as possible. He loves it.

That is a perfect segue into why don't we actually show people how amazing it actually is. Now we have to remember, we will have— we have audience members who watch us on video, but we have podcasters who only hear the audio. So I'm going to try to do my best for the audio listeners to describe what you're seeing. And then encourage them to watch the video if they want to come back to that. So, do you mind if I share a screen and show you?

No, that's fantastic.

All right, give me one second here. I gotta pick the right window. Okay, I believe— yes, I am sharing that screen. Okay, so here we have, uh, HomeZada. I'm in a family room. where I've taken a broad photo going back to all the interior rooms of the house. And if I click on the Items tab, you can see that there are no items listed in there. But if I click on the Photos tab, you can see I have that one wide-ranging photo of the family room. Yeah. Now, with the tool, again, best practices, sometimes I tell customers, when you walk into a room, if you're going to take photos, maybe take it from 2 to 3 different angles.

I agree.

So you can see that where the orientation is of the user standing in this section of the room, if you look at the left side of the photo, there may be another chair over there or something that you don't see. So you need to maybe walk over to a different corner and take a different panoramic view. And then the AI tool essentially allows you to process individual photos to basically detect everything that it finds.

That's fantastic.

So with this example, there's only one photo there. The user selects the photo. Hits the Zada AI recognition. And now watch what's actually happening there. You see the photo on top? Mm-hmm. And what's happening is the AI is detecting all the objects that it finds inside the photo. Heck yeah.

And that happened like in seconds, by the way.

Seconds.

Seconds. And you can time it on this, on this podcast if you want.

Correct. So it found 1, 2, it found about 15 items in that one broad photo of the family room, and it created a table below the photo which identified 5 columns. The first column is the name of the item. The second column is, again, whether it's a fixed asset or a possession. Remember how important that is?

Yes, that is.

And then, uh, we even also try to provide a category because a lot of insurance companies want to see Like furniture or decorative items. Probably the most important thing, it's even estimated the value of the item. This is key. Key. And it's created a short description of it. So you can see, like the second example there, it says it found a TV, it's labeled it as a possession, it's an electronic, it's estimated the value at $1,200, and it says a flat-screen television mounted above the fireplace.

Which is awesome. Now, I know this, I know the answer to this question, but I'm going to ask it for everybody else. So like, I look at the estimates and I look at the descriptions, and the one thing that stands out for me in this particular list is the coffee table. It says, uh, $400, a black rectangular coffee table in front of the sofa. I'm assuming we can go right into this and we can say, you know what, I spent a little bit more than $400, and because I had the receipt And it's not actually black, it's a dark wood. We can make those edits accordingly right here, can't we?

Perfect segue, Elizabeth, because at the bottom— so the way HomeZada works is as soon as you process something via AI, it's basically putting in what we refer to as the chat window. So at the top you can see 2 tabs. There's the left-hand where it says chat. The other thing, by the way, I'm not going to show today is all of your chats are saved in history. So you can always go back and look at what the AI previously told you. But at the bottom of the chat on the lower right-hand corner, there's a bunch of what I call actions. The one on the far right basically says save items. And when you hit save items, it essentially pulls up almost like, think of it like a mini little spreadsheet, because exactly like you said, the user can make quick little edits to make it more accurate. And if I use your example of the coffee table, The user could just click in there and say it's $500. And what'd you say it was?

Like a dark wood, not black.

Okay. And you could just basically put dark wood and you've basically made a quick little edit and then you hit save and you can go back and pick another photo. So if I had another photo from that other angle, you could see that. But now if I go to the items, You can see it's automatically created all those items that it automatically found for you.

Yeah. And you know what? You brought up a good point. You can choose to manage all the photos at once if you had multiple photos to run the AI, or you can do it photo by photo from the room perspective, which also may be easier to manage for people. But that's entirely up to the person using this particular feature set.

Correct. And we talked about what I call the photo composition. We talked about the television. So if I click on items, right, you can see here that we— it's identified all the items and all the items are automatically there. So think about what— back to your point about the amount of time you just saved.

Yes.

It created 12 different items, estimated the value, all in 10 seconds.

Yep.

And if you did this for a 10-room house And let's say you had 2 photos for each room. You've got 20 photos. You could probably get this done in 20 minutes and you have an amazing home inventory. Amazing.

Amazing. Amazing.

Right? And if some people, let me stop the sharing for a little bit and dialogue about this. It goes back to that TV example.

Yes.

The AI, when you process the space, it identified all those things. There was a grand piano in there, the sofa, everything else. It was itemized. But some people want more detail. They want to know the brand of something. They want to know the make, model, and serial number. Some people even want to, especially with the fixed assets, they want all the owner's manuals and product documentation about that. So the AI tool, the Home Inventory AI tool, is even better Because when you take close-up photos, the AI tool is programmed to look for more details than it does when you, when you take a wide-angle space photo. Hopefully that made sense. Let me know if it made sense or not.

It totally did. It totally did. I mean, I get it. There's flexibility as to what can happen. And then as you drill down into more details about the photos, you can gather more information.

Yes, and it goes back to score, speed versus accuracy. In this last example that we did, somebody might say, you know what, 10 rooms, 2 photos per room, I'm good, I've got an itemized list. Other people, they, they now say, oh, I've got my high-value power tool collection, I want to take individual photos of those power tools or jewelry. Or my HVAC may go bad and I'm constantly having to hire somebody and I forget the make and model and manufacturer and having that details, especially, you know, around calling somebody to service it becomes important. So I want to know more details. So those people might make the decision to go around the house and take those close-up individual photos of either the fixed assets or of the personal property. Yeah.

And I, to your point, on a side note, and I know we can talk about some more of this in the future, but even when you can take individual photos of certain items, and you brought up the case of jewelry, if you have high-value items or jewelry that you want to leave to specific people in your family, having a specific photo for those items creates clarity. And so there's no, well, is this really this bracelet or this bracelet or this ring or this ring, the photos tied to the item name can be identified. And you can use HomeZada to do this, create an estate planning PDF and then submit that to your estate attorney. And then they can determine which party gets which. And then those details and those individual photos play a big role. So not only is this about being detailed in terms of insurance purposes, but if you're thinking long term. This has another value proposition for people who are also eventually going to do estate planning. And I'm just a firm believer, make it as easy as possible so that you can craft an inventory that benefits multiple scenarios, whether it's maintenance, whether it's claims, whether it's knowing what you own so you don't buy the same thing over, and then knowing who you're going to gift things to or, or what organization.

Couldn't agree more. And I think if you're okay with it, I wanted to show you a close-up photo because—

Oh, perfect, yes.

The power continues. You thought you were amazed when you saw it identify the objects at the space level.

I can't believe it, like 10 seconds.

I'm gonna now show you some even more power as it relates to when you take close-up photos. So I think you can see my screen now.

For those who are on audio, we are on a demo again, so you can always come back and see this.

So I set this up as a gallery of items just for demonstration purposes. So you can see I've got a gallery of a whole bunch of different items. I've got the air conditioning unit, I've got a picture of a blender, my furnace, microwave, a mobile phone that I bought, refrigerator, watch, a hot water heater. Obviously, these may be ultimately categorized into different spaces in terms of where they're located, but this is just for demonstration purposes because it goes back to what I call the composition, right? You can look at each one of those photos, and for instance, if I asked you, Beth, can you, can you tell where— if there's a refrigerator on this photo, on any one of these items?

No, but it's funny, it says it There's a refrigerator, but if you look at the photo, you can't really tell that it's a refrigerator.

Yes, maybe.

It looks like maybe the inside of a refrigerator or something, but I'm just guessing here.

Correct. It goes back to my previous example, which was I had opened a refrigerator and found the brand name and the model number and took a photo of that. Yeah, because many refrigerators don't actually have the brand name on the outside. They have it somewhere on the inside. But you can sort of, again, discern, let your imagination run wild. If I was to process each one of these different photos, you can see that the depth of the photo, the composition of whether it can see the brand or not, or how close up it is, is going to have a huge determination on how it actually works. And so let's use the AC unit as an example. Now, if I click on the Photos tab here, you can see here I've actually got 3 photos of the AC unit.

Mm-hmm.

All of them, all of them I consider individual photos, like close-up photos of just the AC unit. You don't see any other like landscaping or equipment or really other sort of big items in that photo. It's a close-up of it, but you can tell that even the depth of the close-up of it, the photo in the middle is kind of like the broadest where you can see the square unit and you might be able to detect the brand. Another one is a very, very close-up unit, the photo on the left, where you can actually see the brand and all this barcodes and the serial numbers and all this sort of text. And then the one on the right is it even comes with an energy guide that talks about its energy ratings and how efficient it is.

Mm-hmm.

So the user can choose which ones they want to process. You can process them one at a time, or— and you can pick. And the one that I like the best, if I select that and select the one And I'm selecting the one that's the individual barcode, the one that's the closest that shows you that make, model, serial numbers, and model numbers, and manufacturer, and all that stuff. Now watch, I hit Zada AI recognition. It passes it to the AI chat, and now what it's actually doing is it's reading all the individual text of the barcode of that HVAC unit.

Yeah, it said the brand, the estimated value, The major appliance. I don't know if I paid that. I paid something more, maybe. Um, what I had to pay for installation on something like this. Serial number, size. Oh yeah, when it was manufactured, when they think the replacement date will be, the cost that it will be. So they're tracking for cost increases in— what is this, 25 years, something like that? And then The replacement cost, the warranty period, when it's coming due, which I love. I mean, I love getting the reminders from HomeZada when the warranties are coming due before they come due, because it means I can track it. And then a description. This is awesome. And then when you have to answer any questions, when you have to go search for replacements and/or insurance or what have you, I always get these questions. So I can literally look in HomeZada and get all the details and be able to answer all these other questions. For all these other vendors or service providers, and bada bing, bada boom, I got it all organized as quickly as possible.

Amazing!

And again, less than ten seconds, it identified all of this information from that one close-up photo. And like you said, there's so much power in knowing the make model and serial number when you have to call somebody. It's also so much power, like you said, about the warranty expiration. A lot of things are— products are under warranty when you buy them, or this happened to be a neighbor's HVAC unit that I took a picture of that they recently put in. So you can tell that it was manufactured in January of 2024. The warranty on these things tend to be about 10 years. So again, you're going to get an email reminder basically reminding you 30 days before that of if there is something wrong, you might want to fix it while it's still under warranty. Massive amount of value to be able to get this level of information.

Huge. I remember like, like personally, when we didn't— when I couldn't track warranties because I was using Excel spreadsheets or whatever prior to HomeZada, literally, I just missed an opportunity to have even tiles replaced because they fell out of whack. And that cost me a lot of money because I just missed the warranty date.

Bugged me. And if you think this is amazing, watch what happens next.

Okay.

So we're in the chat window. We're going to go down to the lower right and hit the save items. Again, we can make any edits if we needed to. If the AI tool, you know, maybe got something a little bit off, you can certainly clearly make any edits and you hit the save button. Now what Homesata does is it gives the user other choices. There, another screen pops up and says, well, do you want to go review the item or do you want to go pick another photo? Because remember, we had 2 or 3—

Yeah.

2 other photos that we could also process because we want energy data about this thing. Or notice the button on the far right says Find Manuals.

Oh my gosh, that'd be brilliant.

So essentially, this is what I call a subsequent AI chat that's based on the previous AI chat. Again, think about that concept. The first photo was capable of identifying the make, model, and serial number. Because the photo was close-up of the actual nameplate of the unit.

Oh my gosh. Yep. This is amazing. This part is like really— because I literally, I know me personally, I am always going online, dragging and dropping all the different owner's manuals. This is huge. I mean, this got this like in 10 seconds.

I mean, everything.

1, 2, 3, 4, 5 documents. Product manual, product registration card, installation instructions, warranty information, and user care guide. Oh, heck yeah.

Again, 30 seconds, found all the important documents of this unit. It returned it in a URL link where again, the user can be encouraged to click on these URL links. I won't do it in the demo and you can read it to make sure it's the right link. Et cetera. And then, again, at the bottom— well, you already said it, which is it's not just the owner's manual, it's all the other documents associated with it. And again, at the bottom corner, you can now hit Save Links, 'cause these are links inside the AI chat. Yes. You hit Save Links, and same situation. Maybe one of the things came back and it was somebody that you didn't want it, you know, didn't want it, or it was the wrong one. So you can pick and choose which links you want to save. And you hit Save, go back to Review Saved Links. Now we're back at the item where you can see all those documents are saved, the links to those. So now I can click on them and view them whenever I want. If I go back to Photos, there are the 3 photos. And if I go back to the main tab, the Information, you can see all the information about the make, model, and serial number automatically filled in for the end user.

Brilliant.

Just the owner's manuals itself. Think about Elizabeth. Where are all your owner's manuals when you buy a new home? When you bought an existing home?

Well, they were paper format. That's the first time we used to be. No, sometimes not. Sometimes it was like sitting around somewhere that was in a box. That was one area. The other thing is now it's hard to find them because people aren't giving you owner's manuals. But I still like to put the links or drag the owner's manuals into HomeZada personally, only because you can't— manufacturers change products and you, and you can't always find their manuals online anymore because they're changing products so often, or the hunt for to do that is ridiculous. So A lot of times you have to either one, have it in some box and then you're either gonna scan it, which I think is silly.

So much time.

Or you have to go search. Exactly.

Massive time-consuming effort.

Totally. And you have to go search online, which is also a lot of time because it's not always as obvious. Even though there's some platforms that have all this stuff, it's just not always that obvious. But the fact that AI did this and pulled it all in, In a matter of seconds just literally made my life easier. And I know a lot of people may not think these documents are important because they aren't when you have a brand new item. But when you need to repair that item or check for warranty, people— the manufacturer is going to ask you all this information.

Right.

Think about a consumer who buys a brand new home, but the home is 15 years old.

Oh, totally.

And the owner doesn't have any of the owner's manuals. Go walk around, take pictures of all the fixed assets, try to acquire all the owner's manuals, and you're much better prepared. And/or what if you're about to sell your home and you wanted to share that with the potential buyers that you've already got all that information? So much value in sort of being able to create examples on this.

Oh, totally. Like, I mean, to your point, when you're ready to sell it, you can share all this information with the new homeowner and they will appreciate it because people don't know what they don't know when they buy a new home. One, you can answer any warranty Periods and what have you. And so that can actually save you money if you're on in warranty and something breaks prior to that. You can save that and you have the information. Speed of time to collect all this information— this is huge when it's in one central system. It's huge. I've had to deal with that many times.

Correct. And I think our previous episode we talked about people with multiple properties, rentals, vacation properties, other properties. The need to inventory the fixed assets is just huge 'cause you need to have that information at your fingertips because you're on your vacation to, you know, the Caribbean and something breaks down. You need to know all that information and having that easy retrieval is amazing.

Yeah.

I know—

As a good example of, just quickly, as an example of, you know, having second homes, a friend's parents owned a second home and there was a water leak from a, neighboring property, and that caused problems. And all of their details were in the actual condo, so they didn't have a tool like Humsada to actually access everything. And they were literally 10 hours away by car, you know, a couple hours by flight, and they had to figure out how to get all this done or stop everything in their life to drive down and get all this organized, yet stay in a hotel.

100% agree. And I know we're running a little bit over, but I'm excited. I really want to show one more example of the Home Inventory AI, which is taking pictures of receipts.

Oh yeah, let's do it.

So again, when, when most people think about creating an inventory, usually they think of it as a one-time thing. I'm going to go through my house and take photos and I'm done. But let's face it, you buy a new TV You buy some new power tools, you buy a new HVAC unit, oftentimes you get a receipt. What about taking a photo of the actual receipt?

Yes.

Same situation here for the people on audio. I've got a picture of a phone where I've got 3 photos. One is a picture of the phone, another one is a picture of all the barcodes that are on the box on the phone, and the other one is a picture of the actual receipt at the retailer that I bought it from. Now I'm going to choose the receipt and show you that Homeowner AI can process the actual receipt itself as well. So from the picture of the receipt, which is when I bought a phone— this was an old phone that, you know, I bought a couple of years ago, but you can see I still have the receipt. It's a Samsung Galaxy 9.

Yeah.

It's an electronics. It knows the exact amount, $914.99, from the receipt.

Yep.

The receipt in this case actually printed the model number and serial number. It even knows the date of the receipt.

Yeah, when you purchased it.

Right, 'cause insurance companies always want, well, when did you buy that kind of mentality? And again, I didn't even have to key that in. And it even knows the retailer and location of where I actually bought that.

Yes, and if you go down, what I liked in the description, it not only tells you what it is, but it tells you that you also purchased a charger and mobile insurance for a total amount of $1,049.

Hit save item, make any changes, bammo, you know, go back and pick another photo if you wanted to, but you probably got most of the information off of the receipt and you're good to go and you can go do something else.

Oh my gosh, that's amazing. That's amazing. That just speeds up the whole process as quickly as you can constantly imagine. And that makes, by taking receipts, it makes buying new products easier to track because everyone forgets that you— they think you take an inventory once and it's done for. I'm like, well, you got to kind of take the new products too, especially if it's large ticket items or electronics or something else that you've added into your home. You need to document that. And when you— that's the time when you do have the receipt. And I'm assuming that you can Drag and— and I might be messing things up— you can drag and drop an electronic receipt and it will pull from the same information.

When you say electronic receipt, there was the—

yeah, it was the email.

If you got a receipt by email, then what I would do is just use like screen capture tool to screen capture it because essentially a screen capture is just like a photo.

Yeah.

You're just taking a photo of something that's digital, a digital photo of a digital screen, uh, and then upload the photo, uh, the, the screen capture, which is saved as a PNG or a JPEG, and then use that to process AI with.

Brilliant. Yeah, brilliant. It just makes everything so much easier.

I hope you can see why our Home Inventory AI, at least so far, is the most used, uh, uh, AI features on the platform. And hopefully you get a sense over The amazing power of getting speed and accuracy, but also how important it is for the users to understand the composition of what's in the photo, of the overall space or an individual item. Do you get the details of the item, the receipts? You know, you could let your imagination run wild. And it's really, really actually fun, believe it or not, to go around your house and take random different photos and just test to see what the AI comes up with. And you will be shocked. At what it comes up with.

That's amazing. And then the reality is it just eliminated all this time taking inventory. So everyone needs to take a home inventory now to be prepared. They don't need to worry about, oh, I don't have the time, or I don't need it, or it's never going to happen to me, because you never know that, by the way. I think everyone can attest that freaky fires and freaky water damage happens To everybody. Everyone's possibility at getting risked for this.

Especially first-time homeowners.

Oh, heck yeah.

Right? You walk into your first house, you're excited. And I, you— I did this example to show somebody, you know, let's say you were fortunate to buy a home that had a pool. Most homes have a whole bunch of pool equipment on the side of the house.

They do.

First-time homeowners probably don't even know what all those pieces of equipment are.

Correct.

I took a photo of all that equipment from the outside of the house. Again, the importance of taking photos on the inside and outside. Took a photo and it determined what's the heater, what's the pool pump, what's the pool filter, what's the electrical box. Instantly, it identifies the things what most homeowners who are first-time homeowners don't even know what they are. Now it's identified it and it's almost like it's education. It's creating new data and educating you about the new home you just bought.

It's brilliant. So you can be prepared. That's awesome.

Well, Elizabeth, I could talk forever about this stuff, but probably need to wrap up.

Yeah, no, that's good. So because we're going to talk more AI, and we're going to keep talking about this, because I think it's really huge in how people can manage their homes to streamline it and keep learning more about their homes, and more about the items within their home. So I think that's really great. So for those of us Those of you, excuse me, those of you who could join us, thank you so much. We really appreciate it. If you like this, please share this with anyone you think could benefit from our podcast, from this specific topic on AI and home inventory. Now's the time to take one for those of you who haven't. I encourage you to do that. I also invite you to visit us at homezada.com, H-O-M-E-Z-A-D-A.com, and any other podcast Podcast platform— excuse me— um, that carries these podcasts, and you can learn more about being the best homeowner you can be. And we are here to bring those tips. Thank you for joining us, and for now, see you at the next Be a Smarter Homeowner podcast.

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