• AI Secrets in Real Estate Revealed

  • Jun 6 2024
  • Duración: 46 m
  • Podcast

AI Secrets in Real Estate Revealed

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  • In this episode, Vadim Kleyner, CEO of Smartland, and I discuss AI's practical applications in real estate. Key topics covered: Practical applications of AI in business and optimizing FaceBook advertising strategies. Significance of AI in decision-making. Vadim spends 10% of his 12-16 hour office day on ChatGPT for communication, reports, and verifying tenant information. Smartland has plans to upgrade their chatbot, Lisa, to an AI-based version. Ambitious plan to upload 15 years of data into an AI environment for better decision-making and reporting. Highlights of the conversation: AI in databases: Proprietary use of a custom GPT to analyze tenant payment behavior. Difference between 3D vector databases and traditional databases for efficient data processing. Collaboration to create a custom system for housing corporate intelligence. Use of ChatGPT: Analyzing data points from FaceBook ads reduces costs and dramatically increases conversions. Detailed discussion of the underwriting process for buying apartment buildings and the role of data. From Vadim: Why should real estate professionals pay attention to AI today? The industry is shifting from manual, labor-intensive processes to more efficient, AI-driven methods. There will be significant changes in how and where people spend time in the industry, with a big shift in human capital investment over the next five years​​. How do you use AI personally? Uses personal productivity tools embedded with AI for tasks like checking grammar and readability in emails. Finds these tools valuable for consistent work oversight and improvement​​. Any easy wins for listeners to test and try with AI? Recommends playing around with ChatGPT for various tasks such as writing essays or job descriptions. Highlights that these tools can be a great starting point and significantly ease the drafting process​​. ***** The only Podcast you need on real estate and AI. Learn how other real estate pros are using AI to get ahead of their competition. Get early notice of hot new game-changing AI real estate apps. Walk away with something you can actually use in every episode. PLUS, subscribe to my free newsletter and get: • practical guides, • how-to's, and • news updates All exclusively for real estate investors that make learning AI fun and easy and insanely productive, for free. EasyWin.AI
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