Real Estate Investor Magazine April 2023 Edition | Page 9

that highlights upcoming real estate conferences and events that you won ' t want to miss .
AI ( artificial intelligence ) continues to be a major area of focus for the technology industry , with many companies investing in the development of advanced AI systems for a wide range of applications .
Last month Elon made headlines by calling for a 6-month pause on AI experimentation , saying it ’ s too dangerous . Now he ’ s launching his own A . I . competitor company to Open AI . Whether you ’ re a fan or anti-fan of Elon ’ s doesn ’ t matter - success leaves clues . He and the long list of tech heavyweights are going all-in on A . I .!
Overall , it is likely that AI has had a significant impact on real estate investing , providing investors with new ways to analyse and make informed decisions about property investments . Here are some examples of how AI has influenced real estate investing : 1 . Predictive Analytics : With the help of AI , investors can now use predictive analytics to make datadriven decisions . AI-powered tools can analyse vast amounts of data , such as property sales history , neighbourhood trends , and market trends , to predict the future value of a property .
2 . Property Management : AI-powered property management systems can help investors automate tasks such as rent collection , maintenance , and lease renewals . These systems can also analyse data to optimize rental prices and increase occupancy rates .
3 . Real Estate Market Analysis : AI can also analyse real estate market data to identify emerging trends and make informed investment decisions . By analysing demographic data , economic indicators , and
other relevant data points , investors can gain insights into the potential demand for a particular type of property in a particular location .
4 . Risk Assessment : AI-powered risk assessment tools can help investors identify potential risks associated with a property investment , such as environmental hazards , zoning restrictions , and market volatility .
5 . Virtual Tours : AI-powered virtual tour technology has made it easier for investors to evaluate properties remotely . This technology allows investors to take a virtual tour of a property and view it from different angles without having to physically visit the property .
At the end of the day , real estate investing is all about seizing opportunities and mitigating risk . By staying informed and remaining adaptable , you can navigate the ever-changing real estate landscape and build a strong and profitable portfolio .
We hope that this edition provides you with valuable insights and inspiration for your real estate investments . As always , we welcome your feedback and suggestions for future editions .
Successful investing !
NEALE PETERSEN FOUNDER & EDITOR-IN-CHIEF
SA Real Estate Investor Magazine APRIL / MAY 2023 4