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aOne of the biggest challenges for real estate owners and operators is finding and retaining quality vendors. It’s a long and timely process. You put out an RFP, and wait. You review the bids; conduct research on the vendor, hire them and hope that the company’s work is good, so that you don’t have to go back to point A. YINC—a new app company—promises to end the vendor-related headaches. The software has streamlined the process of finding and hiring vendors, promising a competitive bid process to lock-in the best possible pricing, trustworthy reviews and an easy pay system all using blockchain technology. The program is launching its start-up this week, with the functional program slated to rollout by the end of the year, and GlobeSt.com has gotten an exclusive first look.

“We started by creating a solution for the vendor market. The three main issues were locating a vendor, competition and reviews,” Jonathan Handler, CEO and founder of YINC, tells GlobeSt.com. “There is no competition searching online, and reviews aren’t trustworthy. When we came up with a process that works, we went back to our investors and went back to another round of VC funding, they recommended that we use the app for their properties. That is where we switched gears from consumer to commercial real estate. It is the same core system.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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