As property managers, I am learning we are bias with some of our properties. I know that place that just got overhauled will have higher screening requirements than that place that just had a quick turn from resident to resident.

I loaded up my schedule E's into Claude and gave them a true number of days a place was vacant and marketed, intentional off the market getting overhauled and the number of days the place was full and bringing in income. I asked Claude to act as an investment analyst and tell me how to improve specific properties.

Truth be told, I felt rather beat up on the places I recently overhauled. I am not sure if it was based on having extra expenses of their overhaul or because my standards were higher because of the overhaul. I am thinking instead of loading just one year into the system, it would need a wider window of time to show that systems do in fact wear out.

I feel this is the future. I am wondering if anyone else has done this yet. Your feelings will probably get hurt if you do. I know I need to load more info to make this more meaningful.

It showed me some gaps in how I do business. It said I was under the market rent and under maintenance for my 18-year resident. It said, I spent too much on maintenance and repairs. on other places - especially when an overhaul occurred. It gave me a list of three places that I should consider peeling off. I was surprised with two of the three answers.

I did not notice how debt was treated differently to find that ideal balance between leverage and cash flow. That is a different function IMO. Have any of CPA types out there done a performance study yet? What were your thoughts

Curious how it justified saying that you spent too much on an overhaul.

I know that it can be easy to over do a place for the market it is in, but how can the AI prove that?

Maybe putting new ceiling fans in because the old ones look like they are from the seventies doesn't show as a necessity because you can't increase the CF enough to justify it? But when someone walks in and sees the old drab fans it turns them off to the place.

Ai isn't smart - at least not yet. It gathers up all the data you load and all the data from the internet and it processes into a format that you request. So the weaknesses in the system, it uses all info from the internet (unless you are VERY specific).

Then you have to tell it what format you want the info in. Every 10 or so years, depending on when a tenant leaves - I pull one of my units out of service and update it. Nationally - 6% is what we are supposed to spending on repairs.

Capital improvements are slightly different - But when you can get bonus depreciation, suddenly your inputs get muddy. What do you get? Questions like why was this only rented out for 335 days yet cost so much more in repair cost start occurring.