2. Rapidly Synthesize Critical Reports

Whether you’re an investor, asset manager, property manager, broker, or any of the other critical teams within a real estate organization, you know that properties come with paperwork. One of the most time-consuming parts of multi-family investments is collating relevant data to get a comprehensive picture of the property and its needs.

An AI Copilot can take over the day-to-day document management, not only securely housing a large package of reports and contracts but also synthesizing the critical documents. AI-powered tools like those from Keyway help instantly surface insights and risks buried within lengthy documents.

In addition to analyzing diligence documents, an AI tool can look at your existing document structures and start to tell stories. Where have I negotiated this covenant before? What are the current terms of these leases, given all their amendments?

2. Rapidly Synthesize Critical Reports

Whether you’re an investor, asset manager, property manager, broker, or any of the other critical teams within a real estate organization, you know that properties come with paperwork. One of the most time-consuming parts of multi-family investments is collating relevant data to get a comprehensive picture of the property and its needs.

An AI Copilot can take over the day-to-day document management, not only securely housing a large package of reports and contracts but also synthesizing the critical documents. AI-powered tools like those from Keyway help instantly surface insights and risks buried within lengthy documents.

In addition to analyzing diligence documents, an AI tool can look at your existing document structures and start to tell stories. Where have I negotiated this covenant before? What are the current terms of these leases, given all their amendments?

3. Optimize Asset Performance

When it comes to actual day-to-day management of assets, it can be difficult to know where to start. With an AI-powered tool like KeyComps, you can set the specific metrics you’re interested in reviewing- like market comps, neighborhood details, and tennant reviews to determine next steps for property improvement. 

AI Copilots can not only scrape data from public sources (listing sites, articles, review sites, and public records) but do so at an unattainable scale by an analyst alone. You can also proactively set up API reports for owned assets' pricing management, receive AI tenant sentiment summaries, or analyze the market comps for potential transactions.

You can take it a step further by combining financial data with online commentary- like sentiment analysis trends over time. Using this data and AI-generated management recommendations, you can mitigate risks associated with negative reviews and proactively achieve higher renewal rates. Another strong use case that Keyway is seeing in their platform is determining renovation status and property quality from image analyses, aiding in CapEx decision-making.

3. Optimize Asset Performance

When it comes to actual day-to-day management of assets, it can be difficult to know where to start. With an AI-powered tool like KeyComps, you can set the specific metrics you’re interested in reviewing- like market comps, neighborhood details, and tenant reviews to determine the next steps for property improvement.

AI Copilots can not only scrape data from public sources (listing sites, articles, review sites, and public records) but do so at an unattainable scale by an analyst alone. You can also proactively set up API reports for owned assets' pricing management, receive AI tenant sentiment summaries, or analyze the market comps for potential transactions.

You can take it a step further by combining financial data with online commentary- like sentiment analysis trends over time. Using this data and AI-generated management recommendations, you can mitigate risks associated with negative reviews and proactively achieve higher renewal rates. Another strong use case that Keyway is seeing in their platform is determining renovation status and property quality from image analyses, aiding in CapEx decision-making.

1. Pricing Recommendations Tailored to Your Investment Strategy

A good AI-powered copilot doesn’t replace human team members. It aids asset managers and brokers in complex decision-making. AI Copilots can automate the tedious work of analyzing hundreds of variables to provide you with comparable units.

For example, Keyway AI’s Copilot is trained on real strategies employed by commercial real estate teams and case studies. When configuring the copilot, it can take a particular firm’s investment thesis into account and generate pricing recommendations that are tailored to a business’s goals.

An Asset Manager might know that their building has the nicest finishes in that market. Therefore, you can get pricing recommendations that are tailored to the high end of the comparables spectrum.

Perhaps the team’s strategy is to maintain rents at the top of the market, given the quality of the asset. In this case, the AI copilot can provide dynamic, algorithmic unit pricing at a premium to the comp set.

Or maybe you're an Asset Manager who just took over a multi-family property. You can use Keyway’s AI Copilot to compare your property to budget underwriting and market comps, producing revenue and business plan adjustments. This tool not only securely collates your properties’ data, but allows you to proactively manage your assets with bespoke recommendations to better drive optimization.

4. Protect Your Proprietary Data

One big reason that more real estate teams have avoided AI till now is security: they want to avoid uploading their private data to publicly available models. Fortunately, new AI Copilots have options where your proprietary information is never used to train a model.

Additionally, companies like Keyway have SOC2 Type 2 compliance, optimizing for Trust Services Criteria: security, availability, processing integrity, confidentiality, and privacy.
Additionally, Keyway works with firms to build sandboxes that are specific to the company’s needs, making sure the data is encrypted- whether it's resting data or data that is being passed to the sandbox via API.

At the end of the day, the adoption of AI-powered tools will reduce the time spent wading through public data and dealing with the regulatory complexity of property underwriting and asset management. Saving multi-family real estate teams significant time and money.

4. Protect Your Proprietary Data

One big reason that more real estate teams have avoided AI till now is security: they want to avoid uploading their private data to publicly available models. Fortunately, new AI Copilots have options where your proprietary information is never used to train a model.

Additionally, companies like Keyway have SOC2 Type 2 compliance, optimizing for Trust Services Criteria: security, availability, processing integrity, confidentiality, and privacy.
Additionally, Keyway works with firms to build sandboxes that are specific to the company’s needs, making sure the data is encrypted- whether it's resting data or data that is being passed to the sandbox via API

At the end of the day, the adoption of AI-powered tools will reduce the time spent wading through public data and dealing with the regulatory complexity of property underwriting and asset management. Saving multi-family real estate teams significant time and money.
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Commercial real estate has always been data-rich but insight-poor. It used to be that you needed to make a huge upfront investment to gather disparate data sets and manually plug them into SAAS tools and machine learning models. 

But that’s rapidly changing. Today, there is a new breed of AI Copilots that can help you combine disparate data sets, analyze market trends, and surface risks faster. 

Today’s AI Copilots do the heavy lifting— like collating large swaths of data, generating drafts, or catching errors— so your asset management team can focus on high-level decisions.

Here are four specific ways that AI Copilots are bettering the way property managers operate: