Redefining Multifamily Housing Industry Through AI: Insights from Kerry W. Kirby and Ernest F. Oriente
In an era where digital transformation is at the forefront of industry evolution, the multifamily housing sector is not left behind. Kerry W. Kirby, a celebrated global entrepreneur, technology innovator, and philanthropist, teamed up with property management sage, Ernest F. Oriente of PowerHour, to dissect the burgeoning role of artificial intelligence (AI) in redefining the multifamily housing industry. Their insights were shared in a comprehensive podcast, shedding light on how technology is being woven into the fabric of business operations to boost workforce efficiency, curtail expenses, and safeguard future operations.
The duo underscored the imperative for multifamily operators to embrace a blend of self-service, automation, and artificial intelligence tools. Kirby pointed out the urgency of this integration to sustain service continuity amidst the tightening grip of regulations, escalating costs, and the tightening noose of a challenging labor market. He highlighted the need for resilient, modern business models to thrive in the current economic climate.
With a repository of knowledge spanning over half a century in the multifamily housing industry, Kirby and Oriente's discussions have culminated in over 160 podcasts. Their mission? To arm their audience with relevant, straightforward information to navigate the ever-evolving technological landscapes and industry transformations.
The conversation also delved into the shifting paradigms of business and industry models, driven by the challenge of understaffed onsite teams and the hose of finding qualified personnel. Kirby emphasized the critical role of next-generation technologies in not only enhancing service delivery for renters but also in reimagining operating models for enhanced efficiency.
At the heart of this technological revolution is 365 Connect. Established in 2003, this platform stands at the vanguard of delivering sophisticated automated marketing, leasing, and resident engagement solutions tailored for multifamily communities globally. 365 Connect aims to bridge people with their living spaces through cutting-edge technology that minimizes human intervention, heralding the future of the multifamily housing industry.
In the current climate, where technology and innovation intersect to spawn efficiency and growth, the insights from Kirby and Oriente's podcast serve as a beacon for multifamily housing operators. The message is clear: adopting AI and automation is not merely a competitive edge but a necessity to secure a sustainable future in the multifamily housing industry.
Analyst comment
This news can be evaluated as positive as it highlights the role of artificial intelligence (AI) in redefining the multifamily housing industry. The use of AI and automation is seen as necessary to boost workforce efficiency, curtail expenses, and safeguard future operations. The market for AI and automation in the multifamily housing sector is expected to grow as operators embrace these technologies to navigate industry transformations and achieve sustainable growth.
