Big apartment landlords lean in to AI and proptechs as profit squeezes loom
Proptechs sense an opportunity to gain customers.
The two publicly held landlords and others like them are directing greater attention to their AI and other tech, casting it all as a saving grace in today's tougher earnings environment,.
"Quite often, you need a forcing function for change, and more often than not, it's actually distress or a limitation of resources," Austin Lo, the CEO of the virtual-tour and self-touring company Peek, told Insider. Even big landlords seen as the gold standard of real-estate investing are feeling it. Blackstone, considered the world's largest property investor, is in danger of defaulting on a, The Wall Street Journal reported, citing Moody's Investors Service. Even though rents have soared 20% in Manhattan since 2019, maintenance and debt costs are hurting cash flow to the point where a distressed debt manager has been engaged, the report said.found that in Washington, DC, 71.
"One of our investors used to have 11 people working on Saturdays in a location to facilitate tours, and now they just have one," Helm said."That was pre-COVID. You can't find 11 people to do that job anymore." Equity Residential's Parrell said the company's use of AI — which it developed internally — had reduced the need for some customer-service jobs, though the IT workers who run that tech are higher-paid professionals. In the end,"our residents love it, and it actually has a higher closing ratio than our living, breathing, physical leasing agents do," he said.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
International Insider: Netflix Goes Big; All Happening In French Cinema; Talking TalkTVGood afternoon Insiders and welcome to this week’s newsletter, Max Goldbart here with my hand on the tiller. Netflix was in London this week and there was plenty else going on for you to dige…
Leer más »
Diabetes Alert: Big Babies Could Spell Big Trouble for Mothers Years LaterA study indicates that individuals who deliver large-for-gestational age (LGA) babies, even without having gestational diabetes, are more likely to develop prediabetes or Type 2 diabetes within 10-14 years post-delivery. This risk persists even after accounting for other common risk factors for Type
Leer más »
Man dead in shooting at N. Harris County apartment complex, deputies locate possible suspectA man is dead after a shooting at a north Harris County apartment complex.
Leer más »
Upscale restaurant coming to luxury apartment building in Mount ProspectBig Fish Hospitality said Wednesday it will open an upscale restaurant called The Prospect at 20West, a new luxury apartment building at 20 W. Northwest Highway in downtown Mount Prospect.
Leer más »
Family of maintenance worker killed in Fort Worth apartment shooting asks for justice, considers legal actionCarlos Aybar was shot last week. Police say he had tried to diffuse a heated argument in the main office between Devin Smith and a woman who worked in the front office when Aybar was shot.
Leer más »
Apartment recycling, trash fees, and BYOB businesses topics of discussion for Houston city leadersSeveral changes could be coming soon for apartment residents and BYOB places that operate after midnight. Why city leaders are raising concerns.
Leer más »