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:
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Practical applications of AI in business and optimizing FaceBook advertising strategies.
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Significance of AI in decision-making.
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Vadim spends 10% of his 12-16 hour office day on ChatGPT for communication, reports, and verifying tenant information.
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Smartland has plans to upgrade their chatbot, Lisa, to an AI-based version.
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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:
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AI in databases:
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Proprietary use of a custom GPT to analyze tenant payment behavior.
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Difference between 3D vector databases and traditional databases for efficient data processing.
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Collaboration to create a custom system for housing corporate intelligence.
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Use of ChatGPT:
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Analyzing data points from FaceBook ads reduces costs and dramatically increases conversions.
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Detailed discussion of the underwriting process for buying apartment buildings and the role of data.
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From Vadim:
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Why should real estate professionals pay attention to AI today?
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The industry is shifting from manual, labor-intensive processes to more efficient, AI-driven methods.
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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.
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How do you use AI personally?
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Uses personal productivity tools embedded with AI for tasks like checking grammar and readability in emails.
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Finds these tools valuable for consistent work oversight and improvement.
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Any easy wins for listeners to test and try with AI?
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Recommends playing around with ChatGPT for various tasks such as writing essays or job descriptions.
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Highlights that these tools can be a great starting point and significantly ease the drafting process.
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