In the realm of real estate, it is abundantly clear that AI technology is paving the way for the future. In an industry so reliant on timely data and comparing contemporary information, it seems like the intersection of AI and real estate is a match made in heaven. With so many moving pieces, AI can be a great tool to help collect and analyze large quantities of information that might otherwise be necessary but time-consuming minutiae.
This is the space that real estate technology company DealMachine sought to fill with their newest innovation: Alma, the AI real estate assistant. With a mission statement to "...give everyone the power of real estate investing by empowering individuals from all walks of life with cutting-edge tools and resources," DealMachine seems to have made good on that promise.
What is Alma?
As DealMachine's answer to the growing industry trend toward AI, data analysis, and machine learning, Alma is a tool you can use to help streamline your real estate investment process.
Powered by OpenAI, Alma is an AI assistant that grows, learns, and responds in real time. It's an invaluable resource for anyone in the investment world, from seasoned investors looking to modernize the process to fresh faces looking to dip their toes in the world of real estate.
It's here to answer questions for you, big or small. With immediate response time, Alma is the perfect choice for those looking for quick analysis and quality feedback.
How does an AI like Alma Help in Real Estate?
Alma has numerous functions to help with any and all real estate investment tasks and questions. The chat service is very intuitive to use and is accessible to pro or team plan users on the DealMachine website or mobile app.
Some of the primary functions Alma can help with include determining the pricing of potential investments like property values or rental sums. Additionally, Alma is a great tool for analyzing the peripheral details of the desired properties, like information about the neighborhood and the history of surrounding areas.
That's not all, though. Alma's AI technology is also specialized to help on the client side by producing potential real estate investment strategies. Perhaps one of the most valuable tools in Alma's belt is its ability to analyze the profitability of any given deal by comparing the income and expenses of potential investments.
All of this and more is available in mere moments thanks to the incredible speed of AI technology. Beyond the specialized features that Alma is designed to help with, it's also a great outlet for quick tips and questions involving real estate.
Imbued with a vast knowledge of everything real estate-related, Alma is already familiar with any jargon you might need help with. From specifics on financing options or property taxes to more general asks about things like discovering good deals, Alma can do it all.
AI Making Waves in Real Estate
The applications of AI technology like Alma are already being seen across the industry. Experts already consider it a crucial piece in the future of real estate. The reason so many individuals are so quick to accept AI as an industry standard is because of its efficiency.
Being successful in real estate, like other contemporary sectors of business, is dependent on processing mass amounts of data. Normally, this would be a lengthy ordeal if done by human hands sorting through files, but what a person can achieve in hours, AI can achieve in seconds. In this way, tools like Alma can be implemented to expedite the long monotonous work.
This efficiency is true to the goal of DealMachine, and it's why Alma is such a great option. According to DealMachine, "Alma empowers investors to identify, evaluate, and seize lucrative real estate deals with remarkable efficiency and precision."
Its processing power allows anyone to pick up their phone and feel the weight of a whole real estate team behind them. It opens the door to individuals and puts the power to invest at their fingertips.
What to Expect with Alma
The future of AI technology is still unknown, but it is becoming more widely accepted in all facets of the real estate industry. As of today, though, there are certain limitations. Alma might be an expert in all things real estate, but it's not intended to answer questions outside of that.
Of course, with AI, questions arise about where the data of users might be going, but DealMachine remains steadfast in its privacy policy.
"At DealMachine, we remain committed to protecting your privacy and data security. We never share your personal or professional information with third parties without your express consent, except as required by law."
Ultimately, it seems like AI is here to stay, and Alma is a frontrunner for the application of this tech for investors. Users can expect a smooth experience working with Alma and DealMachine, but they welcome any additional questions and/or feedback on their website. As Alma is used across the real estate market, AI tech will continue to learn and improve. This is sure to add exciting benefits for real estate professionals in the months and years to come.
