System and method for acquiring, comparing and evaluating property condition
First Claim
Patent Images
1. A server-implemented method of determining a deposit refund for a renter associated with a rental property, the method comprising:
- receiving and storing, by the server, a first set of images of the rental property captured using one or more image capturing devices, upon commencement of a rental period, wherein the one or more image capturing devices embed the first set of images with time stamp, date stamp, and geotag information;
receiving and storing, by the server, a second set of images of the rental property captured using the one or more image capturing devices, upon termination of the rental period, wherein the one or more image capturing devices embed the second set of images with time stamp, date stamp, and geotag information;
comparing, by the server, an image belonging to the first set of images and another image belonging to the second set of images, for identifying damages to items of the rental property, based on the time stamp, the date stamp, and the geotag information, wherein the image and the other image relate to same views of the rental property;
assigning, by the server, monetary values associated with each of the damages to the items of the rental property; and
calculating, by the server, a refund amount of the deposit based on an initial deposit amount and each of the monetary values, wherein the rental property is a real property.
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Abstract
A system and method for acquiring, collecting, comparing and evaluating the condition of rental property at several time periods during a lease or rental agreement. A first image is compared to a second image, a deposit amount remaining is calculated based on the image comparison. The remaining deposit amount is paid using an electronic format.
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Citations
17 Claims
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1. A server-implemented method of determining a deposit refund for a renter associated with a rental property, the method comprising:
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receiving and storing, by the server, a first set of images of the rental property captured using one or more image capturing devices, upon commencement of a rental period, wherein the one or more image capturing devices embed the first set of images with time stamp, date stamp, and geotag information; receiving and storing, by the server, a second set of images of the rental property captured using the one or more image capturing devices, upon termination of the rental period, wherein the one or more image capturing devices embed the second set of images with time stamp, date stamp, and geotag information; comparing, by the server, an image belonging to the first set of images and another image belonging to the second set of images, for identifying damages to items of the rental property, based on the time stamp, the date stamp, and the geotag information, wherein the image and the other image relate to same views of the rental property; assigning, by the server, monetary values associated with each of the damages to the items of the rental property; and calculating, by the server, a refund amount of the deposit based on an initial deposit amount and each of the monetary values, wherein the rental property is a real property. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A server for determining a deposit refund for a renter associated with a rental property, the server comprising:
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a memory storing a program; a processor in communication with the memory wherein the processor is directed by the program to; receive and store a first set of images of the rental property captured using one or more image capturing devices, upon commencement of a rental period, wherein the one or more image capturing devices embed the first set of images with time stamp, date stamp, and geotag information; receive and store a second set of images of the rental property captured using the one or more image capturing devices, upon termination of the rental period, wherein the one or more image capturing devices embed the second set of images with time stamp, date stamp, and geotag information; compare an image belonging to the first set of images and another image belonging to the second set of images to identify damages to items of the rental property, based on the time stamp, the date stamp, and the geotag information, wherein the image and the other image relate to same views of the rental property; assign monetary values associated with each of the damages to the items of the rental property; and calculate a refund amount of the deposit based on an initial deposit amount and each of the monetary values, wherein the rental property is a real property. - View Dependent Claims (10)
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11. A non-transient computer-readable medium storing computer-readable instructions that direct a microprocessor to:
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receive and store a first set of images of the rental property captured using one or more image capturing devices, upon commencement of a rental period, wherein the one or more image capturing devices embed the first set of images with time stamp, date stamp, and geotag information; receive and store a second set of images of the rental property captured using the one or more image capturing devices, upon termination of the rental period, wherein the one or more image capturing devices embed the second set of images with time stamp, date stamp, and geotag information; comparing, by the server, an image belonging to the first set of images and another image belonging to the second set of images, for identifying damages to items of the rental property, based on the time stamp, the date stamp, and the geotag information, wherein the image and the other image relate to same views of the rental property; assign monetary values associated with each of the damages to the items of the rental property; calculate refund amount of a deposit based on an initial deposit and each of the monetary values; and send payment of the refund amount of the deposit via an electronic format.
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12. A server-implemented method of determining property condition using a CPU (Central Processing Unit) and a memory operatively connected to the CPU and containing a program adapted to be executed by the CPU for comparing two documents and calculating a remaining deposit amount, the method comprising:
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receiving and storing a first document in the memory, the first document comprising information showing a condition of rental property recorded upon commencement of a rental period; receiving and storing a second document in the memory, the second document comprising information showing a condition of the rental property recorded upon termination of the rental period, wherein the first document and the second document are embedded with timestamp, date stamp, and geotag information; executing the program in the CPU for; comparing the first document to the second document for identifying damages to items of the rental property, based on the time stamp, the date stamp, and the geotag information, wherein the information present in both the first document and the second document relate to same views of the rental property; assigning monetary values associated with each of the damages to the items of the rental property; and calculating a refund amount of a deposit based on an initial deposit amount and each of the monetary values. - View Dependent Claims (13, 14, 15, 16, 17)
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Specification