Kicking off this week with a couple of easywins for you to use AI in your real estate investing journey.

1. ​Write a high conversion 5 email launch sequence straight from your pitch deck (this works extremely well).​
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   I used to spend hours writing launch and closing countdown email sequences. But now, all you need to do is upload your deck, use this prompt (here), and voila! a launch/countdown sequence of well written emails in seconds.
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2. ​How we created 54 slides for a presentation deck in < 3 minutes.
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   We used this tool to create a complete slide deck just by importing a deal webinar transcript, customizing the slides, and then uploading to the final presentation.

Both of these are LinkedIn posts so please like/comment if, well, you like them and have something to add!

Enjoy!
Adam

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Impact of ai on real estate

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​Huge San Francisco office to go from Airbnb to startup Scale AI (SFGate)

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As far as I can tell, there are only two major areas where AI is directly impacting bricks and mortar real estate: Data centers and office space.

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This article covers an office space swap between Scale AI (ironically at scale.com) and Airbnb that highlights the growing influence of AI in some real estate markets viz. San Francisco in particular.

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Article Highlights:

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• Office Space Utilization: The exchange between Scale AI and Airbnb illustrates how offering flexible office space solutions can help keep buildings occupied.
• Credit Tenant: Scale AI just closed a new funding round that raked in $1 billion of investment from the likes of Meta, Nvidia, and Y Combinator.

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Real Estate Startup Lifecycles:

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The article illustrates the how office space demand can shift from one real estate startup company to another as their lifecycle evolves:

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• Scale AI is leasing 97,000 square feet of office space from Airbnb.
• Airbnb previously occupied the entire building, totaling 286,000 square feet.
• The move represents a significant downsizing for Airbnb, which has reduced its office space by approximately two-thirds since the pandemic and as it stabilizes its growth trajectory.

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​Access the article here >>​

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And this article highlights how data centers are fast becoming a favored real estate asset class:

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​AI Demand Turns Data Centers Into ‘Hottest Asset Class’ – JLL

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As the growth of the AI industry expands, the increasing demand for AI is making data centers one of the most attractive asset classes for real estate investors due to their critical role in powering AI technologies.

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Investment Opportunities: AI is driving significant investments in data centers, with firms seeking to capitalize on this growing market.

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• Data centers' power consumption is projected to increase by 20% annually due to AI demand.
• The global data center market is expected to grow at a CAGR of 12% from 2021 to 2026.
• Northern Virginia and Dallas-Fort Worth are leading markets in data center expansion, driven by AI needs.

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The article also covers the voracious appetite data centers have on electricity consumption:

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• Dominion Energy in northern Virginia were 'asking for the equivalent of several nuclear reactors’ worth of power due to increased demand from data centers.
• Exelon (Chicago utility) are predicting that AI-driven data centers in the Chicago area were poised to consume 900% more electricity.

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​Full article here >>​

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this week's Podcast

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Guest: John D'Angelo, Real Estate Solutions Leader, Deloitte

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If you have any doubts about the impact AI is having on commercial real estate investing, my guest this week, John D'Angelo, Deloitte, will make you think differently.

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John works with some of the top real estate fund managers and institutional investors in the world at the highest levels and what he shares today is a roadmap of the future for our industry.

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Check out these real use examples from how John sees his real estate clients using AI:

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• Use of document abstraction tools (check out one example of how we do this, here at GowerCrowd) to assist in audit work and deal underwriting.
• Using AI for grammar and readability checks. For example, try these:
  • ​ChatGPT (of course)
  • ​Jasper (some of our copywriters love Jasper)
  • ​Anyword​
  • ​Claude (I like Claude though it can be a bit long winded)
• Early AI adoption in multifamily real estate and automating resident interactions through chatbots.

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​Tune in to the full episode here.​

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featured ai real estate company

​https://www.realreports.ai/​

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RealReports, co-founded by upcoming podcast guest, Zach Gorman, provides a one-stop-shop for all information for home buyers and sellers.

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Designed primarily for real estate agents and brokers but provides so much detailed information on individual properties that it can be used by anyone involved in the single family home for sale or for rent market - investors, property managers, developers, advisors etc.
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• AI Reporting: Creates detailed and accurate property reports.
• Data Visualization: Transforms complex data into clear, visual insights.
• Efficiency: Streamlines the reporting process, saving time.
• Customization: Tailors reports to specific client needs.
• User-Friendly: Intuitive interface for easy report generation.

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It's worth taking for a test drive on your own home address (not expensive) and I particularly like the estimated market rent and short-term-rental projections.

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Basically, RealReports consolidates dozens of information resources into one place and let's you analyze the resulting data using AI.

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Quote:

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"The agents and brokers who begin using AI will replace the ones who do not. I'm not ready to claim that AI will replace the agent's job or the broker's job in its entirety at all... But the reality is agents who use AI will replace agents who don't."

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Zach Gorman, Co-founder, RealReports

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​Don't miss an episode: Subscribe to The Easy Win AI Real Estate Show on YouTube, here.​

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IN bRIEF

​

​In major shift, S.F. real estate brokerage says goodbye to its agents in favor of AI (SFBJ)

Discover how a leading San Francisco brokerage is transforming the real estate landscape by replacing traditional agents with advanced AI technology for enhanced efficiency and service.

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​Bing’s New AI-Zillow Integration Has Some Calling for an Investigation (PropModo)

Explore the controversy surrounding Bing's new AI-Zillow integration, with experts questioning its impact on market transparency and fairness.

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​Washington D.C. company launches AI chatbot for real estate industry

Learn about the innovative AI chatbot launched by a Washington D.C. company designed to revolutionize customer interactions in the real estate sector.

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​Commercial Real Estate: The Impact of AI and Climate Change (TC)

Uncover the dual challenges and opportunities AI and climate change present for the commercial real estate industry, reshaping strategies and operations.

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​Cybersecurity concerns on the rise in commercial real estate (BIV)

Delve into the escalating cybersecurity threats facing commercial real estate and the measures being adopted to safeguard valuable data and assets.

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​Generative AI will revolutionise the proptech sector (FinExtra) Find out how generative AI is poised to disrupt the proptech sector, driving innovation and transforming real estate technologies and services.

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​Welcome to the age of the AI-optimized building (Fast Company) Step into the future with AI-optimized buildings that promise enhanced efficiency, sustainability, and smarter resource management.

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​Data Center Power: Fueling the Digital Revolution (Data Center Knowledge)

Discover the pivotal role data centers play in powering the digital revolution, driving technological advancements and economic growth.

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​The Data Center Boom Is Powering New Construction and Design Innovations (Propmodo)

Explore how the surge in data center demand is spurring new construction and design innovations in the real estate industry.

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​Yardi Debuts New AI Technology at Apartmentalize (PR Newswire)

Learn about Yardi's latest AI technology unveiled at Apartmentalize, set to enhance property management and operational efficiencies.

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​Best Practices for AI and Data Integration: CRE Leaders Weigh In (CPE)

Gain insights from CRE leaders on the best practices for integrating AI and data, driving smarter decision-making and operational excellence.