by Dallas Doane, Hunter Holt

As recently as two years ago, artificial intelligence (AI) and automation were buzzwords in the rental housing world. Properties that implemented these tools were considered early adopters and regarded as bold for taking a cutting-edge approach.

Now they are a necessity.

AI and automation are critical tools to fuel process improvements that lead to significant cost reductions and enable teams to focus on high-value activities. Utilized in tandem, AI and automation are spearheading the next revolution in multifamily housing—autonomous property management.

Autonomous property management represents a paradigm shift in how properties are currently managed. It utilizes workflow optimization, data analytics, and seamless integration to drive operational cost efficiencies from the property level to the corporate level. Deployed effectively, it has the potential to create a significant net operating income (NOI) boost.

Read Dallas Doane’s and Hunter Holt’s article in the Multifamily Executive.