Justin Colby

I run a company called Rocketly.ai. Rocketly.ai. I built a company with my co-founder and you guys should check it out. If you are a small operator in the real estate space, I'm plugging it now. Rocketly.ai. It will help you massively if you're doing any level of marketing spend to your company, okay? Now, so I'm very familiar with AI, the impact of AI and where it can go. But I don't believe...

I run a company called Rocketly.ai. Rocketly.ai. I built a company with my co-founder and you guys should check it out. If you are a small operator in the real estate space, I'm plugging it now. Rocketly.ai. It will help you massively if you're doing any level of marketing spend to your company, okay? Now, so I'm very familiar with AI, the impact of AI and where it can go. But I don't believe...

For the operators, and I'm talking about the people operating the insurance companies, the title companies, the real estate, you know, mom and pop, fix and flippers, and even the hedge fund companies, the people actually operating it, I don't believe they'll ever be able to be fully removed. The reason being, there's a lot of nuance within real estate.

For the operators, and I'm talking about the people operating the insurance companies, the title companies, the real estate, you know, mom and pop, fix and flippers, and even the hedge fund companies, the people actually operating it, I don't believe they'll ever be able to be fully removed. The reason being, there's a lot of nuance within real estate.

I don't believe there'll ever be a one size fits all analysis AI component. This question led in directly, you know, the question regarding is AI going to take over the real estate space led in directly to, you know, is there a program or an AI that can just make analyzing properties faster and accurate? That one task alone, in my humble opinion, and listen, I'm not the smartest person out there.

I don't believe there'll ever be a one size fits all analysis AI component. This question led in directly, you know, the question regarding is AI going to take over the real estate space led in directly to, you know, is there a program or an AI that can just make analyzing properties faster and accurate? That one task alone, in my humble opinion, and listen, I'm not the smartest person out there.

I'm not the sharpest tool in the shed. I just have a lot of experience in real estate. I don't believe based on the nuance of real estate, right? A storage facility versus apartment, a four unit versus a five unit, a single family asset versus a duplex, a 400 door complex versus a 1200 door complex. There's so much nuance. And there's so many people on the money side, right?

I'm not the sharpest tool in the shed. I just have a lot of experience in real estate. I don't believe based on the nuance of real estate, right? A storage facility versus apartment, a four unit versus a five unit, a single family asset versus a duplex, a 400 door complex versus a 1200 door complex. There's so much nuance. And there's so many people on the money side, right?

The people who invest, the companies that invest, the hedge funds that invest, that have different buy boxes. They have nuanced criteria that will fit their buy box. I just do not believe that there'll be any type of technology that is a one size fits all. Do I believe there could be 42 versions that might be implemented? That might be a possibility.

The people who invest, the companies that invest, the hedge funds that invest, that have different buy boxes. They have nuanced criteria that will fit their buy box. I just do not believe that there'll be any type of technology that is a one size fits all. Do I believe there could be 42 versions that might be implemented? That might be a possibility.

But then my point to this entire scope of questions was you have to inspect what you expect. I'll say that again. You have to inspect what you expect. So if you expect this technology to be 100% accurate 100% of the time, the only way to know that is if you inspect it manually with people that it hit the target on a bullseye, right? And so...

But then my point to this entire scope of questions was you have to inspect what you expect. I'll say that again. You have to inspect what you expect. So if you expect this technology to be 100% accurate 100% of the time, the only way to know that is if you inspect it manually with people that it hit the target on a bullseye, right? And so...

It was a big talking point just about the component of analysis that I just really firmly believe there could be 42 or 4,000 different versions of some automated bot that is going to calculate the returns and do all this kind of stuff. And some of it is already out there. Do I believe this can take over? No. Right.

It was a big talking point just about the component of analysis that I just really firmly believe there could be 42 or 4,000 different versions of some automated bot that is going to calculate the returns and do all this kind of stuff. And some of it is already out there. Do I believe this can take over? No. Right.

I just anyone that is going to be investing in the asset, anyone that's going to be putting the money out. And that includes hedge funds, small mom and pops, et cetera. They're not going to 100 percent rely on technology because technology itself can fail. Right. That is it's foolish to think that just because technology is 100 percent accurate.

I just anyone that is going to be investing in the asset, anyone that's going to be putting the money out. And that includes hedge funds, small mom and pops, et cetera. They're not going to 100 percent rely on technology because technology itself can fail. Right. That is it's foolish to think that just because technology is 100 percent accurate.

And so you need to inspect what you expect all the time. And that goes through all your business, etc. Now, the other component that I said really heavily makes me pretty firmly believe that AI cannot take over the real estate space is the human to human component on negotiations. Let's just make the argument.

And so you need to inspect what you expect all the time. And that goes through all your business, etc. Now, the other component that I said really heavily makes me pretty firmly believe that AI cannot take over the real estate space is the human to human component on negotiations. Let's just make the argument.

that there's enough AI out there that we do get to a place where all analysis is done via AI. Okay, well, now what? So you just send over an offer via technology, okay? And then who's receiving that offer? Is it technology? Well, then who owns the asset? Probably people, probably a company, probably a hedge fund.

that there's enough AI out there that we do get to a place where all analysis is done via AI. Okay, well, now what? So you just send over an offer via technology, okay? And then who's receiving that offer? Is it technology? Well, then who owns the asset? Probably people, probably a company, probably a hedge fund.