How AI, Data, and Global Trends are Shaping the Future of Real Estate

Aug 27, 2024

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Neal Bawa
This podcast guesting of Neal Bawa is hosted by Brock Mogensen and Geoff Stuhr of \Winning Wealth.Neil Bawa a.k.a 'The Mad Scientist of Multifamily' joins the Winning Wealth Podcast to explore how AI, data, and global economic trends are revolutioniz
Neil Bawa a.k.a 'The Mad Scientist of Multifamily' joins the Winning Wealth Podcast to explore how AI, data, and global economic trends are revolutionizing the real estate industry. Besides being one of the most in-demand speakers in commercial real estate, Neal is a data guru, a process freak, and an outsourcing expert. Neal treats his $660 million-dollar multifamily portfolio as an ongoing experiment in efficiency and optimization. With a background in technology and years of experience in building and managing large-scale real estate portfolios, Neal has a unique perspective on the intersection of tech and property investment.

In this episode, Neal shares his insights on:

🔷 How AI is transforming real estate operations and the future role of technology in property management.
🔷 The importance of data in making informed real estate decisions and maintaining a competitive edge.
🔷 The impact of global economic trends, including population shifts and geopolitical changes, on the real estate market.

Whether you’re a seasoned investor or just starting out, this conversation is packed with actionable insights and strategies that can help you navigate the evolving landscape of real estate and macro-economics.

The real estate industry is undergoing a significant transformation driven by data, technology, and AI, which is creating new opportunities for investors and developers to increase efficiency, reduce costs, and thrive in a changing market.
  • 💸
    00:00 Real estate is being transformed by data-driven ideas and technology, offering tax benefits and attracting investors. Expand
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    03:53 Real estate, the largest asset class, is being transformed by AI, data, and technology, enabling a competitive edge through process automation and repeatable systems. Expand
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    09:53 AI-powered tools like ChatGPT are revolutionizing real estate by streamlining tasks, such as marketing and hiring, and increasing efficiency. Expand
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    14:34 AI-powered tools are transforming the real estate industry, automating tasks, and potentially replacing leasing agents, increasing efficiency and reducing costs. Expand
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    20:00 Real estate trends are driven by opposing forces, but shortages will be solved by 2030 as population growth slows, and the market’s current advantage will likely be commoditized within six years. Expand
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    24:11 Global trade shifts, nearshoring, and AI advancements will drive massive industrial real estate growth in the US, particularly in the Midwest and along the San Antonio-Monterrey corridor. Expand
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    32:10 By 2030, the US will face reduced housing demand due to declining birth rates, but savvy investors can still thrive by leveraging data, technology, and systems to spot opportunities and increase efficiency. Expand
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    39:25 The US faces a massive real estate shortage, but leveraging data and optimizing systems can help developers build affordable housing options and increase productivity. Collapse
    • To capitalize on trends and make more money, start by collecting data and making a list of things that can be optimized in your life and business, even if it’s just 15 minutes a week.
    • Spend 15 minutes every Saturday optimizing one aspect of your life or portfolio to free up time and increase productivity through systems, technology, and processes.
    • The US faces an enormous real estate shortage, with 20 million American families unable to buy a home due to rising home prices and mortgages outpacing income growth.
    • A real estate developer aims to build 10,000 rental townhomes in six specific US cities where construction costs, land, and property taxes are low, offering affordable housing options for middle-income earners.
    • The speaker is building 10,000 properties across the US, leveraging low insurance, land, and construction costs, and using data to identify profitable locations, with a focus on affordability for people aged 60-85.
    • Neil shares his tips for wealth, health, and happiness, emphasizing the importance of happiness, eating sauerkraut for health, and using data to inform real estate investment decisions.