Technology

Agent app gauges commuting costs for homebuyers

TLCengine helps determine the true cost of homeownership

When Krishna Malyala moved from Hawaii to New Jersey, he wanted to know how much it would cost him to commute from potential new homes to his workplace, but no real estate agent was able to tell him. So Malyala, a Keller Williams agent and former vice president of technology at Citigroup, teamed up with Ravi Sreekakula, a former marketing director for Hawaiian Airlines, to co-found a company that would help homebuyers gauge the actual cost of living in a particular home, including commuting costs. TLCengine launched in February and rolled out its first mobile application, tripTLC, at the Real Estate Connect conference. The company was one of 23 real estate startups featured in Connect’s Startup Alley. TripTLC estimates commuting costs using more than nine variables -- including make and model of car, real-time prices at nearby gas stations, tolls and parking costs -- and users can easily compare costs for multiple homes, the company said. The company’s patent-pending ...