Multifamily Collective Podcast

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

"I've always believed in the power of community, and today, I'm turning the spotlight on YOU. What if your ideas could shape our next video? Imagine your thoughts unfolding into impactful stories and lessons. Let's create something tiny yet monumental together. #CommunityDrivenContent" In this episode, we're doing something a bit different. Rather than drawing from the usual wells of inspiration - books, blogs, and those overheard conversations that spark a story - we're reaching out directly to you, our community. At MultifamilyCollective, we aim to harness our audience's collective wisdom and experiences to create content that resonates, educates, and inspires. I commit daily to writing, refining, and sharing insights gathered from the multifamily industry and beyond. With a queue of articles ready to go, we're never short on content, but the question remains - what matters most to you? Whether it's a blog post that addresses a specific challenge, a video that explores new industry trends, or an interview with a figure you admire, we're here to deliver content that serves your needs and sparks conversation. We invite you to share your thoughts, suggest guests for our collective discussions, or even express interest in sharing your story. Everyone has a lesson to share, and we're dedicated to uncovering those insights that can benefit us all. So, let us know what you're thinking. Comment below, reach out on our platforms or drop us at mike.brewer@multifamilycollective.com. Your input is invaluable, and we're eager to tailor our content to serve our community better. Remember to like, subscribe, and hit the notification bell to stay updated with our latest videos. Your support helps us grow and provide valuable content tailored to your interests.Visit us at multifamilycollective.com for more insights and resources on making the most out of the multifamily space.MultifamilyCollective, community engagement, content creation, multifamily industry, insights, storytelling, industry trends, lessons learned, audience participation. #MultifamilyCollective #CommunityEngagement #ContentCreation #IndustryInsights #Storytelling #MultifamilyIndustry #LessonsLearned #AudienceParticipation #mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi

What are you waiting for? It’s time to click like and subscribe to the MultifamilyCollective YouTube Channel. Elevate your intellectual palate, ignite your professional trajectory, and become a thought leader in the multi-family space. This is an invitation to enrich your mind and your career. Go ahead, and make your next click your best click. Thank you for considering this request; your future self will thank you too. In this MultifamilyShort, I share details on a book giveaway. #mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi

This insightful video digs into the essence of community and its value in both personal and professional spheres. Insightful discussion on the intrinsic value of being part of a vibrant community. Sneak peek into our new community-based initiative launching next week. The importance of openness to criticism and feedback for personal betterment. An invitation to join a group of like-minded individuals dedicated to elevating each other and the multifamily industry. Why You Should Watch: If you've ever believed in the transformative power of community or sought to be part of something bigger that encourages personal and professional development, this video is for you. We're not just launching a project; we're inviting you to be part of a movement that believes in growth, feedback, and the collective improvement of the multifamily space. Join Our Community: Be the first to experience our new initiative and become an integral part of a community that values growth, feedback, and collaboration. Visit MultifamilyCollective.com to stay updated and engage with a community of forward-thinkers in the multifamily industry. Don't forget to Like and Subscribe: Your support means the world to us! Please like, subscribe, and share this video if you find value in our content. Your engagement helps us reach and inspire more individuals in the multifamily community. community, personal growth, professional development, multifamily industry, constructive feedback, collaboration, initiative launch, continuous improvement #Community #PersonalGrowth #ProfessionalDevelopment #MultifamilyIndustry #Feedback #Collaboration #InitiativeLaunch #ContinuousImprovement Dive into the power of community with us and discover how collective efforts can lead to unparalleled growth and success. We look forward to welcoming you to our community and embarking on this exciting journey together. #mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi

Have you ever caught yourself in the shadows of comparison, where every #SuccessStory of a friend or colleague dims your light a little more? I've been there, feeling tiny in the vast arena of achievements. But what if I told you there's a way to turn that around? In this enlightening video from MultifamilyCollective, we dive into the pervasive issue of comparing ourselves to others and its detrimental impact on our personal and professional growth. It's a trap many of us fall into, measuring our worth against the highlight reels of those around us. But there's a transformative approach to this: celebrating the success of others. Mike Brewer encourages viewers to stop the comparison cycle and instead foster a community of support and celebration. By applauding the achievements of our peers and channeling positive energy into our interactions, we not only enhance our relationships but also embark on a journey of self-improvement and fulfillment. Join us as we explore how to break free from the comparison trap, the importance of spreading joy, support, and kudos in our communities, and its incredible impact on our lives. This isn't just about being grateful; it's about creating a positive feedback loop that elevates everyone involved. Remember, putting positive energy into the world doesn't just benefit others; it comes back to you, often exponentially. So, let's get started on this journey together. Celebrate someone's success today, and watch how it transforms your life. Don't forget to like, subscribe, and share this video if it resonates. Your support helps us bring more content like this to you and others striving for personal and professional growth. For more insights and tips, visit us at MultifamilyCollective.com. personal growth, professional development, comparison trap, celebrating success, positive mindset, empowerment, self-improvement, social media impact, community support, gratitude, motivational advice Hashtags: #PersonalGrowth #ProfessionalDevelopment #ComparisonTrap #CelebrateSuccess #PositiveMindset #Empowerment #SelfImprovement #Gratitude #Motivation #SupportEachOther#mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi

Have you ever wondered how a tiny shift in your thinking could unlock a world of possibilities? #transformativecoaching explores how embracing the guidance of a coach can lead you to act and think differently, paving the way to a future you've only dreamed of. Dive into the essence of coaching and how it stands apart from mentorship, ready to challenge your mental models and routines for the better. This insightful video delves into the critical distinction between a coach and a mentor and how a coach's role is pivotal in challenging and evolving your mental frameworks to foster personal and professional growth. A coach doesn't merely guide you through career milestones like a mentor but engages deeply with your thought processes, helping you learn, evolve, and ultimately transform how you perceive and react to the world around you. From understanding how you're triggered by events to examining your stories, a coach's objective is to prompt a significant shift in your mental models. This shift is not just about achieving different outcomes in your endeavors but also about redefining the approach you take towards decision-making and actions in your personal life and career. At the 2:30 mark, Mike Brewer emphasizes the unique value a coach brings to your life, distinct from a mentor or a friend, by challenging your assumptions and pushing you toward the change you seek but haven't yet achieved. This video is a must-watch for anyone looking to break free from repetitive cycles and step into new possibilities through transformative coaching. Remember, a coach is there to make you think about your thinking, to question and tweak your mental models for better outcomes. Whether it's a shift in behavior following a trigger or altering your approach to problem-solving, a coach's insights can be the catalyst for profound personal and professional development. Don't miss out on more enlightening discussions like this. Like, subscribe, and visit multifamilycollective.com to journey with us towards growth and excellence. coaching vs mentoring, personal growth, professional development, mental models, transformative coaching, decision making, behavior change, mental triggers, personal evolution, career growth #PersonalGrowth #ProfessionalDevelopment #TransformativeCoaching #MentalModels #BehaviorChange #CareerGrowth #CoachingNotMentoring #ThinkDifferently #UnlockPotential #MultifamilyCollective#mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi

I've brewed some magic in my cup with #Laughing Man Coffee!. Welcome back to the Multifamily Collective, where today's episode steers away from our usual multifamily insights to share something a bit more personal and aromatic - a coffee review of Hugh Jackman's Laughing Man Coffee, specifically the Colombia Huila Dark Roast. It's been a year since I last managed to get my hands on this elusive brew, and it's time to revisit the experience that Laughing Man Coffee offers. Not just another celebrity-endorsed beverage, Laughing Man Coffee brings a sense of reflection and moments of tranquility akin to sitting on a porch overlooking vast landscapes. Today, while sipping on this exceptional dark roast, I found myself journeying back through the rearview mirror of my real estate career, starting from my early days at Re/max to the convivial coffee shop gatherings with fellow real estate associates. In this episode, I also pay homage to the advice of Gary Gregory by rating this unique coffee experience with a 7.8 out of 10 coffee cups - instead of using the star system! Laughing Man Coffee not only supports coffee farmers but also brings serenity to our busy lives. For those interested in experiencing the magic of Laughing Man Coffee themselves, it's available for purchase on Amazon. Plus, stay tuned for upcoming coffee giveaways this spring right here at the Multifamily Collective. Don't forget to like, subscribe, and share this video if you've enjoyed this coffee journey. Your support helps us bring more content like this to you. Visit us at multifamilycollective.com for more insights into the multifamily industry and beyond. Keywords: Laughing Man Coffee, Hugh Jackman, coffee review, dark roast coffee, real estate career, coffee memories, Multifamily Collective, coffee farmers support, celebrity-endorsed coffee, Columbia Huila coffee #LaughingManCoffee #HughJackman #CoffeeReview #DarkRoast #RealEstate #MultifamilyCollective #CoffeeLovers #SupportFarmers #MorningRitual#mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi

In this conversation, Mike Brewer interviews Donald Davidoff, the founder and CEO of Real Estate Business Analytics (REBA). They discuss REBAs growth and the importance of building a solid team. Donald shares insights on leadership and the art of asking good questions. They also address the recent lawsuits in the revenue management industry. Finally, they explore the differentiating factors in pricing systems and the role of process in revenue management. In this conversation, Donald discusses various topics related to the multifamily industry, including process constraints, concessions, the use of AI, and more. He emphasizes the importance of understanding AI's limitations and using the right tools for the right problems. Donald also reflects on the multifamily industry and its unique characteristics. TAKEAWAYS Building a solid team is crucial for the success of a company. Leadership involves asking good questions and creating an environment for people to succeed. Claims of collusion in the revenue management industry are unfounded. Process is as important as math in revenue management, especially in an inefficient market like housing. Transparency, efficiency, and addressing special cases are key factors in building a successful pricing system. Process constraints and technical debt can hinder innovation and progress in the multifamily industry. Concessions are here to stay and play a role in the psychology of marketing and leasing. Improving the use of concessions can lead to better outcomes for property owners and managers. AI has the potential to revolutionize the industry, but it is important to understand its limitations and use it appropriately. TIME STAMPS 00:00 Introduction and Company Growth 05:20 Building a Strong Team 06:29 Mix of Veterans and New People 08:11 Leadership and Asking Good Questions 14:16 Collusion and Lawsuits in Revenue Management 23:14 Differentiating Factors in Pricing Systems 29:01 REBA Rent and Compliance with Antitrust Laws 31:20 Importance of Process in Revenue Management 37:55 Process Constraints and Technical Debt 38:24 Concessions Are Here to Stay 39:41 Improving the Use of Concessions 42:52 Reba Rent, Reba BI, and Budgeting Tool 47:04 The Potential of AI in Real Estate 52:02 The Limitations of AI and the Importance of Understanding Tools 58:46 Reflections on the Multifamily Industry Mike Brewer, Donald Davidoff, Real Estate Business Analytics, REBA, multifamily industry, leadership, artificial intelligence, AI, revenue management, pricing systems, concessions, process constraints, technical debt, team building, lawsuits, collusion, transparency, efficiency #RealEstateAnalytics, #MultifamilyGrowth, #LeadershipDevelopment, #TeamBuildingSuccess, #RevenueManagementStrategies, #AIRealEstateInnovation, #ConcessionManagement, #LegalInsightsRE, #PricingSystemInnovation, #ProcessOptimization, #TechnicalDebtRealEstate, #ArtificialIntelligenceImpact, #REBATech, #MultifamilyChallenges, #IndustryCollusionDebate, #RealEstateLeadership, #InnovativePricing, #PropertyManagementTrends, #REBAInsights, #FutureOfMultifamily

🎉 Huge Congratulations to Eric Rafe! 🎉#multifamilycollective I've got a swift yet exciting announcement today! I'm thrilled to congratulate Eric Rafe for being the crowned winner of our first-ever official book giveaway here at the Multifamily Collective. If you're one of our long-time followers, you know how much I treasure the world of reading. Reading has always been a significant part of my life, from blogs to newspapers and, most passionately, books. This opportunity to share a book that has profoundly impacted me feels like sharing a piece of my journey with you. To downsize my extensive library, I'm happy to share several copies of a book with a special place in my heart. Eric, I'm excited to send Amy Cuddy's - Presence your way! Your engagement with our content, especially signing up for our newsletter, means the world to us. To everyone else, stay tuned for more opportunities like this! Your support and engagement fuel our collective journey in the multifamily industry. Don't forget to hit that like button, subscribe for more insightful content, and join us as we explore the depths of the multifamily sector together. Visit multifamilycollective.com for more enriching content and to join our growing community. Remember, liking and subscribing helps us grow and ensures you don't miss out on valuable insights and opportunities within the multifamily sector. Let's connect in real life soon. Until next time, take care and keep reading! #mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi #MultifamilyCollective #BookGiveaway #ReadingIsFundamental #CommunityEngagement #PersonalGrowth #MultifamilyIndustry #MultifamilyCollectiveBookGiveaway

I've discovered a tiny yet powerful truth that could change how you approach your time management. Show me your calendar, and I'll reveal your true priorities. Dive into this transformative approach to ensure your time reflects your genuine values and goals. In today's video, Mike Brewer from MultifamilyCollective.com looks into the philosophy that your calendar mirrors your true priorities in life. This isn't just a catchy phrase; it's a principle Mike lives by, emphasizing the importance of regularly evaluating your commitments. Whether quarterly, semi-annually, or annually, it's crucial to sift through your calendar entries to determine if they add value to your life or others. Are you simply ticking boxes, or are your meetings and tasks contributing to your organization, personal growth, and the well-being of those around you? Mike challenges us to scrutinize our routines and the "sacred cows" of our schedules. He proposes an innovative exercise: let someone else review your calendar. Grant them the liberty to question the purpose and value of each entry. This external perspective can help you cut through the noise and identify what deserves your time. As a call to action, Mike encourages viewers to schedule a time right after watching the video to review their calendar for the current year. Reflect on whether your upcoming commitments truly merit their place in your life. Remember, effective time management is not just about doing more; it's about doing what's meaningful. Let's embark on this journey of intentional scheduling together. Visit us at MultifamilyCollective.com for more insights and strategies to transform your productivity and life. Don't forget to like, subscribe, and hit the notification bell to stay updated with our latest content designed to significantly impact your professional and personal development. time management, productivity, calendar hacks, prioritizing tasks, personal growth, effective scheduling, MultifamilyCollective, Mike Brewer, self-improvement #TimeManagement #ProductivityTips #CalendarHacks #SelfImprovement #MultifamilyCollective #Prioritizing #EffectiveScheduling#mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi