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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