Hi Justin, I've also used it to summarize extensive research reports, OM's, contracts (tread lightly), summarize emails, and help me learn new software/code/excel. Very interested to hear how others are using it in the industry.
Using AI in a research such as market overview descriptions, finding new house/commercial developments in an area. Would also be curious in what ways automations can be used in excel models. I.e. scrubbing PDF reports and taking that data into Excel. Tried using Power Automate but just not quite there yet.
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I'm sure there are companies out there that are trying to come up with some variation of a tool that can automate this process using AI - right now, it may be just as simple as ChatGPT helping with wording emails, letters, and/or phone scripts when contacting sellers to increase your response rates.
Nope - I think AI will help supercharge real estate analysts to get a lot more done in a lot less time, and will allow them to contribute to their company in a much more meaningful way (greatly reducing or eliminating many low-value, tedious, data-entry-type tasks). The more you embrace the change as a tool that can help you, the more beneficial this will be to your career growth. Good question!
I tried to replicate the functionality of generating a list of 5 apartment buildings as you did in the video, I’ve tried about 10 different ways of phrasing it but each time ChatGPT says it’s an ai and doesn’t have access to real time data and refers me to other sources - how’d you do it?
So basically I replace the tedious work of writing up this analysis with the tedious work researching if ChatGPY lied about its analysis and then go find the actual data?? 😂😂😂
Ha! It can't replace all work just yet, but removing the headache of finding the right initial wording to "sell" a market and/or asset can be a huge time saver.