Vadim Kleyner, Smartland

AI Secrets in Real Estate Revealed

Guest: Vadim Kleyner, Smartland

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.

 

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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.

 

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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​​.

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