Automated Communication.

We own and operate 5 between New Hampshire and Provincetown, MA, and have a property management / co-hosting business that serves Ptown (which is a highly seasonal vacation market that's swamped from June-August, solid in Sept, Oct, and May, quieter in Nov-Dec, and below 10% occupancy from Jan-Apr).We've learned to automate whatever possible in terms of messaging and pricing, but automating does NOT mean autopilot.

When you start building your team and you find a good agent to work with, you can set up an automated system where they send you properties that fit into your predetermined criteria every day. 

For example, purchasing an abandon mall today to rent to retailers or repurpose has a lot of risk because technology/robotics automation/logistics improvement/amazon could disrupt that market easily.

They see pictures & price they like then they send one of the automated replies. 

The integration of AI in real estate is not just a trend; it's a game-changer in making more informed and profitable decisions.How AI is Transforming Real Estate Investments:Tenant Experience & Retention: AI helps with predictive maintenance and efficient tenant communication, enhancing tenant satisfaction and retention​​.Lease Management & Optimization: Dynamic pricing and lease renewal predictions are now more accurate with AI, maximizing returns on rental properties​​.Risk Management: Nuanced tenant credit assessments and AI-driven security systems are vital in safeguarding investments against risks​​.Marketing & Lead Generation: AI enables targeted advertising and immersive virtual tours, attracting the right tenants and buyers​​.Financial Analysis/Underwriting: AI aids in accurate cash flow projections and simulates various investment scenarios for better decision-making​​.AI Applications in Real Estate:DataRobot AI Platform: This end-to-end enterprise AI solution provides insights for forecasting future real estate market changes and identifying profitable investment opportunities​​.AI-Enhanced Platforms: Companies like Rex, Redfin, CoreLogic, and Zillow use AI for various purposes such as communication between property maintenance teams and renters, automating property recommendation processes, and providing accurate property value estimates​​.AI in Your Business: Steps to implement AI in real estate range from identifying business areas for AI implementation to training your team and monitoring performance​​.Discussion Points:Are you currently using AI in your real estate investment strategies?

I have a very high degree of automation and consistently hear that my rental units are the nicest people have ever seen - this includes real estate pros and people who have rentals.  

You aren't "saving" 10%, you are making $15/hr until you have efficiencies and systems to automate and hire out tasks.

Automated smart locks would have probably prevented the situation.

You can also flip the script and automate drip campaigns to them with your own buying criteria.Legal:Last but not least, talk to some real estate attorneys in your target market just to make sure you're following the letter of the law.