The Promise of AI in Multifamily Properties By David Lindahl
According to David Lindahl Artificial intelligence (AI) is poised to transform nearly every industry, and the multifamily housing sector is no exception. From streamlining maintenance to improving marketing and leasing efficiencies, AI has the potential to significantly impact multifamily property owners and managers. In this blog post, David Lindahl delves into current and future AI applications in multifamily real estate. Simplifying Maintenance One of the biggest promises of AI is to simplify routine maintenance tasks. By analyzing historical data, AI systems can better predict when appliances or systems may fail before problems occur. Instead of waiting for tenants to report issues, property managers could proactively fix or replace equipment. This prevents costly emergency repairs, limits tenant inconveniences, and makes operations run more smoothly. AI can also optimize the unit make-ready process after a tenant moves out. By assessing previous make-...