Vidur Gupta | Beekin | CollectiveConversations

In this conversation, Mike Brewer interviews Vidur Gupta, the Founder & CEO of Beekin, an analytics platform for real estate. They discuss the power of AI and machine learning in property management, the benefits of using data to make informed decisions, and the role of machine learning models in predicting resident behavior. Vidur explains how Beekin products and solutions help investors and operators across the asset lifecycle, from underwriting to management and financing. He also highlights the importance of creating a culture of trust and empowerment within an organization. The conversation concludes with recommendations for operators to adopt AI and a book recommendation: 'The Age of AI' by Eric Schmidt, Henry Kissinger, and Daniel Huttenlocher. Beekin is an analytics platform that uses AI and machine learning to help investors and operators make data-driven decisions in real estate. Machine learning models can analyze large data pools to predict resident behavior, optimize pricing, and measure social impact. AI removes emotion from decision-making and provides a more objective and accurate approach. Creating a culture of trust and empowerment is essential for building a successful organization. Operators should have a framework for evaluating AI and understand its limitations and benefits. Chapters 00:00 Introduction and Origin of the Name Beekin 01:15 Unpacking What Beekin Does 02:12 The AI Component of Beekin 03:13 The Power of AI and Machine Learning 04:45 Data Lake and Modeling 05:38 Using Data to Make Informed Decisions 06:05 Machine Learning in Property Management 07:35 The Power of Machine Learning in Decision-Making 08:17 Weighting Variables in Machine Learning Models 09:09 The Dynamic Nature of Machine Learning Models 09:49 The Benefits of Machine Learning over Rules-Based Models 10:48 Applying Machine Learning to Real Estate 11:26 Removing Emotion from Decision-Making with AI 12:43 Using AI to Overcome Biases in Decision-Making 13:39 Building the Future State with Beekin 14:34 Products and Solutions Offered by Beekin 15:52 Predicting Resident Lease Renewals 16:53 Dynamic Pricing of Leases 17:22 Measuring Social Impact with a Score 19:03 Using Beacon for Acquisition and CapEx Planning 26:48 Creating a Culture of Trust and Empowerment 29:47 Drawing Inspiration as a Leader 33:34 Recommended Books: The Age of AI 34:34 Advice for Operators on Adopting AI #mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi