Robert Leonard (@therobertleonard) talks with Giri Devanur about why technology has taken so long to make it into the real estate industry, what new innovations are coming to the real estate world, what AI and machine learning are, what short-term rentals are and how they’re being changed by technology, and much, much more! Giri Devanur is CEO of ReAlpha.com. reAlpha is a digital marketplace that enables its members to simplify wealth creation through investments in short-term rental properties while delivering exceptional guest experiences. reAlpha sources and scores properties from the wholesale market using a proprietary AI-driven algorithm called reAlphaBRAIN. It then predicts the viability of each property for the short-term rental market, as well as the projected long-term value. The reAlpha business plan allows investors to buy equity in specific properties, providing meaningful wealth generation opportunities through short-term passive income via Airbnb as well as equity-driven capital appreciation. Giri also served as the President and CEO of Ameri100 Inc., since its inception in November 2013. In 4 years, he scaled Ameri from $0 to $50M in revenue and completed the IPO on Nasdaq in under 4 years. He was awarded the E&Y Entrepreneur of the Year in 2017. He has also authored a book titled “Nothing to Nasdaq”. Giri also holds an M.S. in Technology Management from Columbia University and has attended Executive Education programs at the Massachusetts Institute of Technology and Harvard Law School. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 00:16 - Why technology took so long to enter the real estate industry 02:38 - How technology is being applied to the real estate industry now 10:22 - AI and machine learning in real estate 19:26 - How short-term rentals work and how a new syndicate model can be applied to them 38:18 - What future technologies with come to the real estate world ☕ Get the freshest roasted and ethically sourced beans from America’s best local roasters with Trade Coffee. To get started, take their quiz at https://drinktrade.com/TIP, and start your journey to your perfect cup. Plus, you get to enjoy a total of $20 off your first three bags! ✔️ Subscribe to the Real Estate 101 show: https://open.spotify.com/show/7dnn22EWyo6MLsPaR492BM 🖊️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/real-estate-101/technology-innovation-real-estate 📖 BOOKS MENTIONED: - Built to Last by Jim Collins: https://amzn.to/34PMFFU - Good to Great by Jim Collins: https://amzn.to/3JlnfPG - Siddhartha by Hermann Hesse: https://amzn.to/3IncdYC - The Greatest Salesman in the World by Og Mandino: https://amzn.to/3tmTzw1 - The Everything Guide to House Hacking by Robert Leonard: https://amzn.to/3GNLlkL - The Millionaire Real Estate Investor by Gary Keller: https://amzn.to/2q7X3nS Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀 ▶️ RELATED EPISODES: - The Truth About Airbnb Investing w/ Travis Zappia: https://www.theinvestorspodcast.com/real-estate-101/airbnb-investing/ - Flipping Is A Job, Rentals Are Investing w/ Kirby Atwell: https://www.theinvestorspodcast.com/real-estate-101/flipping-short-term-rentals/ 💡 OTHER RESOURCES - Visit reAlpha: https://www.realpha.com/ - Get in touch with Giri: https://twitter.com/giridevanur - Check out our Real Estate Investing Starter Packs: https://www.theinvestorspodcast.com/real-estate-investing-starter-packs/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ LISTEN 🎧 TO OTHER SHOWS FROM OUR NETWORK: ₿ If you're interested in Bitcoin, checkout our Bitcoin Fundamentals podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8wOLjjwNCM5B1qFdrtTdTZ 📚 Dive into value investing and learn more about billionaires with our We Study Billionaires podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F9dDPFYGAHRbrWoToCe2uoU 🏘 Learn the ins and outs of real estate investing with our Real Estate 101 podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8Yw_8xO2nk-RD7fhb3yktn 💸 Get introduced to the world of investing with our Millennial Investing podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F_p00VYv3psJ8rhDAGOvR5W ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ FOLLOW US ON SOCIAL MEDIA📱: 💻 Facebook: https://www.facebook.com/groups/theinvestorspodcast/ 👔 Linkedin: https://www.linkedin.com/company/the-investor's-podcast/ 🐦 Twitter: https://twitter.com/TIP_Network ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📥 Download Stig & Preston's 1-page checklist for finding great stock picks: https://www.theinvestorspodcast.com/form-youtube-checklist/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.