Move Assets from one object type to another based on status

[Justin]

We have status for each object, 

for example a checked out asset is with a user, if we move it Inventory we have it in stock, same for sold ect... 


Ive created object types for they status is there a way for me to move a object to a different object type based on those status. I can use a automation to create a object in that object type and then use and API to delete the object in that object type but that just seams like a lot of work for something so simple. 


is there an easier way to do this?