AI and Property Management?
Seems like there is a lot of talk about AI lately. Lauren's been curious about how this is going to impact the real estate world and have read some interesting articles. When it comes to AI and Property Management, a few interesting predictions stood out.
First – property managers may use AI to track and schedule predictive maintenance on their properties. Investment property owners know that maintenance and repairs can be very costly – especially when something breaks unexpectedly and the owner can be looking at paying extra fees to get a contractor in right away. AI can track maintenance, predict needs, and then even schedule contractors.
AI can also be used for “smart homes” – it can be set up to control thermostats, lights, TV’s, devices, and more. It can even be used to track tenants behaviors and predict usage from that. This one may cause a person to pause a bit. The need for not wasting energy, resources, and money is understandable. However, it seems a little invasive and controlling to track behavior or control devices inside the home for someone else that lives there.
Investors can also use AI to help with market trends and predictions. This can be to make future investments or for monthly rent values. Ultimately, it’s data to help drive decisions. AI can analyze a ton of info very quickly. That being said, it takes the human factor out of everything.
The jury is still out on whether AI will be positive or negative for real estate. What do you think?
Freedom Team Real Estate Agents (Kyle Meyer, Lauren Nobbe, Valerie Bohn) serving Appleton, Neenah, Oshkosh, Fond du lac and surrounding areas in Wisconsin. Check us out at www.joinfreedomteam.com or by contacting Kyle or Lauren at 920-410-7230 or Valerie at 920-232-8683.
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