Managing Property Portfolios with Artificial Intelligence
As Depeche Mode says, everything counts in large amounts, and that’s true for property investment as well. After all, maybe it is no coincidence that the single is taken from an album titled “Construction Time Again”. Ok, I digress. Anyway… already in 2008, a report by the Mayor of London pointed out how, in residential, “To achieve acceptable levels of return, a large landlord must achieve critical mass. Residential landlords need to be big enough or have achieved sufficient economies of scale to absorb the costs of management through efficiency gains”. Even more so after the increase in stamp duties made it less appealing for buy-to-let investors to manage small property portfolios. Now, it goes without saying, managing a large portfolio of properties can be challenging. Onboarding and selecting tenants, collecting rent, chasing up unpaid rent, keeping track of maintenance... [Read More]