{"id":157961,"date":"2023-09-07T11:31:05","date_gmt":"2023-09-07T17:31:05","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=157961"},"modified":"2024-02-29T17:36:30","modified_gmt":"2024-03-01T00:36:30","slug":"how-ai-is-changing-the-property-management-industry","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/how-ai-is-changing-the-property-management-industry","title":{"rendered":"4 Ways AI is Changing the Property Management Industry"},"content":{"rendered":"\n

Whether you\u2019ve excitedly played around with ChatGPT<\/a>, or you\u2019ve avoided artificial intelligence, quietly preparing for the droid apocalypse\u2014AI is coming, and coming fast. Bill Gates\u2019 famous 1996 quote about the pace of technology is very relevant here: \u201cWe always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next 10. Don\u2019t let yourself be lulled into inaction.\u201d <\/p>\n\n\n\n

AI will first step into those roles that can be most easily automated or that are admin-related. For investors, this is a boon when it comes to property management<\/a>, as so many of our tasks fall into this repetitive, follow-up-intensive category. <\/p>\n\n\n\n

Related: <\/em><\/strong>Why AI Is About to Make Real Estate Investing Even Easier<\/em><\/strong><\/a><\/p>\n\n\n\n

Here are four ways AI is already on the property management scene.<\/p>\n\n\n\n

1. Smart Home Automation<\/h2>\n\n\n\n

This is the 101 of AI and something you may already be using in your rental units (and in your own home). From thermostats that \u201clearn\u201d your tenants\u2019 schedules and set the temperature accordingly to deadbolts that automatically lock when the door is closed (and then can be opened by a thumbprint in person or your app remotely), these kinds of easy home automations can save you all kinds of money and effort.<\/p>\n\n\n\n\n\n\n

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