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The real estate industry is embracing AI for enhancements across a wide range of applications. In this episode of AI Today hosts Kathleen Walch and Ron Schmelzer discuss how AI is being applied in real estate.
AI is helping with data-driven decisions. It can quickly analyze a variety of different data points such as historical sales data, market trends, and specific features for each individual home to provide accurate pricing recommendations, ensuring properties are neither undervalued nor overpriced.
We also discuss how AI is helping with hyperpersonalization. AI tools actor in a number of different personalized preferences for individual buyers such as school districts, commute times, square footage, and even proximity to various amenities to provide tailored propertyrecommendations. Without AI, this type of personalization would not be possible at the scale and speed it’s now offered.
Additionally, AI is stepping in to automate certain tasks such as rent collection, helping scheduled maintenance, and communication to tenants. AI-powered chatbots can handle routine tenant inquiries.
Check out this episode to hear us discuss many ways that AI is making an impact on the real estate sector.
Show Notes:
- Free Intro to CPMAI
- CPMAI Training and certification
- AI Use Case Series: AI in Project Management [AI Today Podcast]
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- AI Use Case series: AI in Manufacturing [AI Today Podcast]
- AI Use Case Series: AI in Defense [AI Today Podcast]
- AI Use Case Series: AI Applications in Government [AI Today Podcast]
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