Real estate, AI and how it affects the Property Investor

Kev is interviewed by MJ, who is doing a dissertation around AI and wants to quiz Kev on what he thinks the impact will be on the property world. They talk about the real-life implications and applications of AI and VR including relationships with clients, costs and convenience.

KEY TAKEAWAYS 

• VR and AI present a unique opportunity to build better relationships.
• There will be huge time savings to be had once AI has been established within a workflow.
• Virtual reality means that staff and people other than the landlords can review accommodation, sending the recording to the landlord to review at their convenience.
• Communication is essential if AI and VR are to work in any industry, individuals and companies need to be educated with realistic expectations.
• MJ believes that real estate agents haven’t been told or educated about why and how AI and VR could work for them.
• You don’t have a business unless you have happy customers, if you can make your customers happier then you can generate more income, Kev would want AI or VR to aid in this.

BEST MOMENTS  

“I’m really excited about this and also really scared”

“Relationship building is important between a real estate agent and a customer”

“Any relationship starts with trust in the first place”

“Would you buy a house on the back of a virtual reality tour?”

“You know way more about the technology than the actual client that would be using it”

“If you want to sell me on virtual reality you need to sell me the benefits not ask me why I would use it”

VALUABLE RESOURCES

MSOPI – Multiple Streams of Income:

https://www.progressiveproperty.co.uk

https://kevinmcdonnell.co.uk

ABOUT THE HOST

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  

CONTACT METHOD

https://www.facebook.com/kevinMcDonnellProperty/

https://kevinmcdonnell.co.uk/

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progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/