How the Rise of Artificial Intelligence Will Disrupt Your Rental Portfolio

How the Rise of Artificial Intelligence Will Disrupt Your Rental Portfolio

2 min read
Sterling White

Sterling White is a multifamily investor, specializing in value-add apartments in Indianapolis and other Midwestern markets. With just under a decade of experience in the real estate industry, Sterling was involved with the management of over $10MM in capital, which is deployed across a $18.9MM real estate portfolio made up of multifamily apartments. Through the company he founded, Sonder Investment Group, he owns just under 400 units.

Sterling is a seasoned real estate investor, philanthropist, speaker, host, mentor, and former world record attemptee, who was born and raised in Indianapolis. He is the author of the renowned book From Zero to 400 Units and the host of a phenomenal podcast, which hit the No. 1 spot on The Real Estate Experience Podcast‘s list of best shows in the investing category.

Living and breathing real estate since 2009, Sterling currently owns multiple businesses related to real estate, including Sterling White Enterprises, Sonder Investment Group, and other investment partnerships. Throughout the span of a decade, he has contributed to helping others become successful in the real estate industry. In addition, he has been directly involved with both buying and selling over 100 single family homes.

Sterling’s primary specialities include sales, marketing, crowdfunding, buy and hold investing, investment properties, and many more.

He was featured on the BiggerPockets Podcast episode #308 and has been contributing content to BiggerPockets since 2014, with over 200 posts on topics ranging from single family investing and apartment investing to mindset and scaling a business online. He has been featured on multiple other podcasts, too.

When he isn’t immersed in the real world, Sterling likes reading motivational books, including Maverick Mindset by Doug Hall, As a Man Thinketh by James Allen, and Sell or Be Sold by Grant Cardone.

As a thrill-seeker with an evident fear of heights, he somehow managed to jump off of a 65-foot cliff into deep water without flinching. (Okay, maybe a little bit…) Sterling is also an avid kale-eating traveller, but nothing is more important to him than family. His unusual habit is bird-watching, which he discovered he truly enjoyed during an Ornithology class from his college days.

Sterling attended the University of Indianapolis.

Instagram @sterlingwhiteofficial

Read More

Join BiggerPockets (for free!) and get access to real estate investing tips, market updates, and exclusive email content.

Sign in Already a member?

Our entire world is being disrupted by technology. How will it affect rental property investing?

Lately, I’ve been on a craze of studying artificial intelligence and how robots are replacing humans in the workplace. We’re going through one of the biggest technological and economic shifts in history. It could change our lives, finances, and investments more than most think.

Vaporizing Jobs

With new innovations coming to fruition, many blue collar jobs are going to quickly get outsourced to robots. If you’ve been following, Amazon Go is leading the pack with self-checkouts, where there are literally no cashiers. It may become completely unnecessary to have cashiers and even wait staff at many food joints and restaurants. You can order your food on your phone and pay on your phone. Retail stores are headed the same way, with virtual reality mirrors, windows, and dressing rooms that allow you to virtually try on clothes.

Related: 5 Real Estate Jobs That Have Been Made Obsolete by Tech (& 4 That Haven’t)

That are a lot of jobs that can be taken out. Then look at Uber, who has moved beyond car services to purchasing a trucking company where there are no drivers. Some projections put the percentage at as high as 80 percent that some levels of jobs will be replaced by technology in the next few years. Even tech workers won’t get a break. Mark Cuban recently highlighted that the current focus of tech is to design AI, which can write new software programs. Eventually, artificial intelligence will be able to identify jobs that can be replaced by computers and then create the software or the tools needed to make it happen. So even high-earning developers, engineers, and designers could soon be out of work.

On the bright side, I’d like to think that this is going to positively affect investors and some workers. People will be forced to move up to better jobs. This will force people to be more entrepreneurial and do more for humankind.


Tech in Real Estate

Technology is helping investors. It is making more profitable investments accessible online. Investors are becoming more knowledgeable and equipped for better due diligence. I can literally (virtually) drive a property from a seat in my office using Google Maps. These streamlined processes are also creating better margins and more efficiency, which can be shared between asset managers and end investors.

Related: 4 Ways Technology is Shaking Up Commercial Real Estate (& Why Multifamily Will Pull Ahead)

The one sticking point with all the new data and tech options is that at this point, we still need real humans who can intelligently decipher it, provide common sense, and deliver personal service when it is desired.

To win in this environment, we need creative and analytical thinkers on our teams to evaluate deals with the future in mind—and perhaps to be conservative as we watch the tech revolution unfold.

Do you predict that an extreme amount of jobs will be overtaken by computers in coming years—or do you think the predictions are overblown?

Let me know your thoughts with a comment!