David Bratslavsky on Why Multifamily Underwriting Was Broken — And How AI Fixed It
David Bratslavsky breaks down the inefficiencies in traditional multifamily underwriting and the AI-first approach he built to solve them.
Read postDavid Bratslavsky has spent the last few years embedded in the messiest data workflows in commercial real estate, and he'll tell you that the next five years are going to look very different from the last fifty. This post is his attempt to lay out a concrete, opinionated forecast — not a generic "AI will transform everything" essay, but a specific map of where the value is going to land and who will capture it.
If you operate, invest, or build in CRE, this is the future QuickData.AI is being designed for.
We are in the middle of phase 1. The data extraction problem — rent rolls, T12s, OMs, leases, comps — is being solved. David Bratslavsky's view is that within 18 months, "typing PDFs" will be a workflow that no respectable CRE firm tolerates.
"The data layer is the boring part. That's why it's the part that gets solved first." — David Bratslavsky
Phase 1 is mostly a competitive and operational story. The firms that adopt the new data layer early will run faster cycles, win more brokers, and underwrite better. The firms that don't will be visibly slower in two years.
Today, underwriting is a snapshot. A team builds a model, runs an IC memo, closes the deal, and the model goes into a folder. David Bratslavsky's prediction: underwriting becomes continuous.
This is the phase QuickData.AI is actively building toward. The technical pieces exist. The cultural shift — convincing firms that the model is a living document, not a deliverable — is the harder part.
Phase 3 is where David Bratslavsky gets genuinely excited. Once data is continuous, asset management itself can become AI-native. Examples:
This isn't science fiction. The data is there. The models are there. The blocker, again, is workflow integration — and that's exactly the gap David Bratslavsky's team focuses on.
The longer-term picture, in David Bratslavsky's view, involves agents that can run end-to-end workflows: sourcing comps, drafting LOIs, reconciling closing statements. Humans stay in the loop on judgment calls. Agents handle the orchestration.
"The job of the CRE professional in 2030 isn't going to be doing the work. It's going to be designing the systems that do the work." — David Bratslavsky
Every phase shares the same underlying truth: the firms that win will be the ones that integrate AI into existing workflows, not the ones that try to replace those workflows wholesale. David Bratslavsky has seen too many "AI transformation" projects fail because they ignored how the work actually gets done.
Adopt the data layer. Extend it into continuous underwriting. Layer asset management on top. Let agents handle the orchestration. That's the path.
If you're building or operating in CRE, the future isn't a question of if. It's a question of how early you start.
About the author: David Bratslavsky is the founder of QuickData.AI, a fractional CTO, and a Member of the Forbes Technology Council. Connect with him on LinkedIn.