The global real estate rental market is $1787.8 billion USD....

The global real estate rental market is $1787.8 billion USD. Australian $8.3 billion USD. - I understand that as rental income.
https://www.globenewswire.com/news-release/2020/06/08/2044766/0/en/Real-Estate-Rental-Global-Market-Report-2020-30-The-Impact-of-COVID-19-Impact-and-Recovery-Plans-for-the-Industry.html
https://www.hireandrentalnews.com.au/rental-industry-worth-8-3-billion-2

As we know, property managers tax roughly 7.5% of the rental income, give or take, which equates to $134 billion USD,

I'm not a specialist beyond here, but property managers need a car, the employer needs a cut, etc. Let's assume 5% of that amount can be allocated towards property inspection software, ie/ Inspector360.

5% Australian = $31.125 mil
5% Global = $6.7 billion

AssetOwl have their own expenses to run the show, lets say they operate on a 40% margin which based on SaaS products is conservative.

Calcs (USD)
Australian Potential
"Revenue": $9.3375 mil
Earnings: $3.735 mil
PE 20 - MC $74.7mil - Ie/ 20+ bags

Global Potential
Revenue: $2.01 biliion
Earnings: $0.84 billion
Price:Gross Profit 20 Market Cap: $16.08 billion = infinite bags

So, obviously there's a massive opportunity for these guys to tap into. They are currently basically valued as a pile of dirt listed on the ASX, $3.5mil is literally a house in the right part of Sydney, this co is worth peanuts on this stage.

So, the big question is, is Inspector360 disruptive technology? I think it could be. Imagine being a property inspector.
Option A take a bunch of random photos unsure if you got the right shots.
Option B put a 360 super HD camera in each room, snap a shot, grab extras of anything problematic, next room.

It has the potential to benefit landlord, tenant, and agent. Save time, higher quality. They've filed a patent for the IP, if it's good they have an excellent advantage on the competition.

Investor relations have been too modest. This is priced as a dud, non-dud = bhags.