{"id":167889,"date":"2024-02-23T13:43:10","date_gmt":"2024-02-23T20:43:10","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=167889"},"modified":"2024-07-06T07:38:53","modified_gmt":"2024-07-06T13:38:53","slug":"ai-tools-can-save-you-10-hours-in-real-estate","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/ai-tools-can-save-you-10-hours-in-real-estate","title":{"rendered":"AI Tools Can Save You 10 Hours Per Week If You Use Them Right\u2014Here\u2019s How"},"content":{"rendered":"\n\n      <iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm\/?e=BIGPOC2582774664\" width=\"100%\"><\/iframe>\r\n  \n\n\n\n\n<p><span data-preserver-spaces=\"true\">You can\u2019t scroll through your daily news feed these days without seeing story after story about the impact of generative AI on virtually any and all industries. It\u2019s here, and the good news is it can be an incredibly useful tool in real estate.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">According to a&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.mckinsey.com\/industries\/real-estate\/our-insights\/generative-ai-can-change-real-estate-but-the-industry-must-change-to-reap-the-benefits\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">recent analysis<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;by McKinsey Global Institute, \u201cIn our own work with&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/on-the-market-119\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">AI<\/span><\/a><span data-preserver-spaces=\"true\">, we have seen real estate companies gain over 10% or more in&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/net-operating-income\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">net operating income<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;through more efficient operating models, stronger customer experience, tenant retention, new revenue streams, and smarter asset selection.\u201d&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">And this should hold true for the real estate investor as well\u2014even those of us with fewer than 10 doors.&nbsp;<\/span><em><span data-preserver-spaces=\"true\">Especially<\/span><\/em><span data-preserver-spaces=\"true\">&nbsp;investors with small portfolios, in fact, since we often don\u2019t have the help of slick management companies.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Think of generative AI as a super-smart, articulate virtual assistant, and then think about all the things you would delegate to that assistant if you could. Here are a few places to start:<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Create Property Listings<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Have a vacancy coming up? When writing your property listing, don\u2019t waste time agonizing over your prose.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Enter the key details into ChatGPT, including the important keywords (\u201cview, \u201ccovered parking,\u201d whatever works for your market), and ask it to use those inputs to create a 250-word listing optimized for your keywords using a \u201cfriendly but professional tone.\u201d In five seconds, you\u2019ll have a listing that you can either tweak yourself or, better yet, ask ChatGPT to keep tweaking until it\u2019s perfect.<\/span><\/p>\n\n\n\n<p><strong><span data-preserver-spaces=\"true\">Time saved:<\/span><\/strong><span data-preserver-spaces=\"true\">&nbsp;1.5 hours<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Market Your Listings<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Use a generative image AI tool like the creative options in Canva to create an Instagram post for your new listing. Better yet, have Canva create 10 posts, including all the relevant captions and hashtags, each slightly different, highlighting a desirable feature of your listing, and post one every other day until you\u2019re leased.&nbsp;<\/span><\/p>\n\n\n\n<p><strong><span data-preserver-spaces=\"true\">Time saved:<\/span><\/strong><span data-preserver-spaces=\"true\">&nbsp;4 hours<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Respond to Inquiries<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Set up an auto-response within Instagram so that anytime a follower comments \u201cdetails\u201d (or whatever word you choose), an AI bot immediately sends them the full listing in their DMs (even if it\u2019s 3 a.m.). The bot can also ask for their address\u2014and now you\u2019ve begun to grow your future marketing email list.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Do they want to walk the property? The bot can send your Calendly schedule with predetermined viewing windows.<\/span><\/p>\n\n\n\n<p><strong><span data-preserver-spaces=\"true\">Time saved:<\/span><\/strong><span data-preserver-spaces=\"true\">&nbsp;2 hours<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Automate Emails<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Every month, five days before rent is due, send your tenants a quick reminder (one ChatGPT has written for you and that you\u2019ve auto-scheduled in advance, once for the whole year) with the link to your rent payment site. Once a quarter, automate a friendly check-in (again, have ChatGPT compose for you), asking if there are any&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/most-common-rental-repairs\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">maintenance issues<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;that need attending to.<\/span><\/p>\n\n\n\n<p><strong><span data-preserver-spaces=\"true\">Time saved:<\/span><\/strong><span data-preserver-spaces=\"true\">&nbsp;1.5 hours<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Virtual Staging<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Empty houses don\u2019t sell nearly as well as furnished ones do. Show your potential tenant just how your place will look with their perfect mid-century sofa in the living room. Use generative AI to virtually stage your rental and help your hipster tenants image themselves right at home in your space.<\/span><\/p>\n\n\n\n<p><strong><span data-preserver-spaces=\"true\">Time saved:<\/span><\/strong><span data-preserver-spaces=\"true\">&nbsp;8 hours and up!<\/span><\/p>\n\n\n\n<p><em><span data-preserver-spaces=\"true\">How have you used generative AI to save you time and money?<\/span><\/em><\/p>\n\n\n\n    \n  <div id=\"visibility-group-block_035e27ed586bd64edd136bc41814ec7d\" class=\"visibility-group alignwide  hidden\">\n        \n\n<div id=\"hero-block_788227542bd8ecc2f8c762bafae5daaa\" class=\"first:mt-0 hero-block py-4  alignwide   has-background has-slate-200-background-color has-text-color has-theme-gold-color\">\n    <div\n        class=\"gap-10 lg:gap-20 flex flex-wrap lg:flex-nowrap max-w-screen-xl mx-auto px-4 relative lg:items-center \">\n\n        <div class=\"relative z-30 lg:w-1\/2 \">\n            <main class=\"py-4\">\n                \n\n<p class=\"has-slate-800-color has-text-color has-large-font-size\" style=\"font-style:normal;font-weight:800\">Find the Right Agent, Close the Best Deal<\/p>\n\n\n\n<p class=\"my-3 md:my-5 lg:my-8 has-slate-900-color has-text-color\" style=\"font-size:18px\">Step #1: Use Agent Finder to match with top <em><strong>investor-friendly<\/strong><\/em> real estate agents to help you find, analyze, and close your next deal.<\/p>\n\n\n\n<div id=button-custom-event-block_90b47903cbbb618117bca76369079616 class='button-custom-event'>\n      <a href=\"https:\/\/www.biggerpockets.com\/agent\/match\" x-on:click=\"window.analytics.track(&#039;Blog Block | B2C Marketplace Agent Finder&#039;, {\n      referrer: &#039;https:\/\/www.biggerpockets.com\/blog\/ai-tools-can-save-you-10-hours-in-real-estate&#039;,\n    });\" class=\" btn-shape inline-block no-underline has-background has-theme-blue-background-color has-text-color has-white-color\" target=\"_blank\">Find an Agent<\/a>\n  <\/div>\n\n            <\/main>\n        <\/div>\n\n                <div class=\"lg:w-1\/2 first:mt-0 relative h-full lg:flex lg:items-center\">\n            <img decoding=\"async\" class=\"object-cover w-full relative z-20 my-0  rounded-md hidden lg:block\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/08\/Marketplace-Blog-Blocks-Agent-v3.png\" alt=\"investor friendly real estate agent\" title=\"\">\n        <\/div>\n            <\/div>\n<\/div>\n\n  <\/div>\n  \n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n    \n  <div id=\"visibility-group-block_64dd31c79f00f\" class=\"visibility-group  \">\n        \n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div id=\"hero-block_64dd2875dba9d\" class=\"first:mt-0 hero-block py-4    has-background has-slate-100-background-color has-text-color has-theme-slate-color\">\n    <div\n        class=\" flex flex-wrap lg:flex-nowrap max-w-screen-xl mx-auto px-4 relative lg:items-center \">\n\n        <div class=\"relative z-30 w-full \">\n            <main class=\"py-4\">\n                \n\n<h3 class=\"wp-block-heading my-0 tracking-tight font-extrabold has-theme-slate-dark-color has-text-color has-large-font-size\">Join the community<\/h3>\n\n\n\n<p class=\"my-3 md:my-5 lg:my-8 has-theme-slate-color has-text-color\" style=\"font-size:16px;font-style:normal;font-weight:400\">Ready to succeed in real estate investing? Create a free BiggerPockets account to learn about investment strategies; ask questions and get answers from our community of +2 million members; connect with investor-friendly agents; and so much more. <\/p>\n\n\n\n<div id=button-custom-event-block_64dd2888dba9e class='button-custom-event'>\n      <a href=\"https:\/\/www.biggerpockets.com\/signup\" x-on:click=\"window.analytics.track(&#039;Blog Block | Acquisition | Free Membership Signup&#039;, {\n      referrer: &#039;https:\/\/www.biggerpockets.com\/blog\/ai-tools-can-save-you-10-hours-in-real-estate&#039;,\n    });\" class=\" btn-shape inline-block no-underline has-background has-theme-blue-background-color has-text-color has-white-color\" target=\"_blank\">Sign Up<\/a>\n  <\/div>\n\n            <\/main>\n        <\/div>\n\n            <\/div>\n<\/div>\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n  <\/div>\n  <\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Between ChatGPT, Gemini, and other new AI tools, there are now a gazillion ways to outsource and delegate monotonous duties in your business.<\/p>\n","protected":false},"author":613680,"featured_media":167892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4241,7119],"tags":[],"class_list":["post-167889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-business-management","category-biggerpockets-daily"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/167889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/613680"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=167889"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/167889\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/167892"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=167889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=167889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=167889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}