How one family blends operational clarity, conscious leadership, and community-driven values to grow their business—together.

In this episode of UrbanEbb, host Rico Figliolini chats with Vandana Aggarwal, VP of Operations at Aggarwal Real Estate, about the winding road from global consulting to family-run commercial real estate in Norcross, Georgia. With honesty, warmth, and insight, V shares how she went from working 80-hour weeks in corporate strategy to rediscovering clarity in the mountains of India—and ultimately, helping transform her family’s business into a community-driven real estate firm managing over 50 shopping centers.

The conversation weaves together themes of leadership, legacy, operational excellence, and the transformative power of both AI and yoga. It’s a story about clarity, courage, and conscious growth—both in business and in life. This is another episode you won’t want to miss.

Episode Highlights

• Why Vandana left a high-powered consulting career to join her family business
• How hiking Kilimanjaro and studying yoga in the Himalayas changed her leadership mindset
• The operational overhaul she brought to Aggarwal Real Estate to support growth
• What it’s like working side-by-side with your dad, siblings, and 700+ tenants
• How the company rebranded with intention and built a mission around “building communities as a community”
• Where AI is reshaping real estate—from lease drafting to property management—and where it still can’t compete with people
• Leadership succession planning with siblings at the helm
• The importance of clarity, calm, and conscious growth in both business and life

Timestamp:

00:00:00 – Introduction and sponsors: Vox Pop Uli & EV Remodeling
00:03:12 – From Georgia Tech to global consulting
00:04:23 – Leading strategy for Fortune 500 companies
00:06:11 – The role of vision alignment at the C-suite
00:08:01 – Sabbatical becomes family business overhaul
00:09:35 – Bringing operational excellence to a growing real estate firm
00:12:02 – A year of yoga, nature, and healing in India
00:17:03 – Hiking Kilimanjaro, testing limits, and expanding self-trust
00:18:52 – Navigating family dynamics inside a business
00:21:56 – Planning for leadership transition: siblings, strategy, succession
00:24:06 – Rebranding the business: from American Management to Aggarwal Real Estate
00:26:33 – Where AI fits (and doesn’t) in real estate operations
00:30:04 – Legal, leasing, HR, and marketing efficiency with tech
00:31:01 – Community-focused retail and experiential shopping centers
00:32:00 – Reflections on AI, journalism, and digital trust
00:32:57 – Closing thoughts

Podcast Transcript

00:00:00 – Rico Figliolini

Hi, everyone. This is Rico Figliolini, host of UrbanEbb. This podcast comes out of the city of Peachtree Corners, and we have a special guest today. And if I don’t mess up the name, it’s Vandana Aggarwal.

00:00:15 – Vandana Aggarwal

Absolutely. You can call me V, Rico.

00:00:15 – Rico Figliolini

I’m going to call you V, trust me. And I’m Rico Figliolini, so a bit of a long name there. But V is VP of Operations of Aggarwal Real Estate here, based in Peachtree Corners? No, Norcross.

00:00:30 – Vandana Aggarwal

In Norcross, yeah. Norcross, Georgia.

00:00:32 – Rico Figliolini

Yeah, yeah. Just off 85, and?

00:00:34 – Vandana Aggarwal

Jimmy Carter.

00:00:35 – Rico Figliolini

And Jimmy Carter.

00:00:36 – Vandana Aggarwal

We’re completing each other’s sentences already.

00:00:39 – Rico Figliolini

But where are we doing this? We’re doing this from one of our great sponsors, one of our two great sponsors, Vox Pop Uli. Was this tastefully obnoxious? Let me tell you, I asked them to do a corner cut for us, and this is perfect. So they have the Moxie logo and stuff. So they’re branding, right? Same way they can brand your stuff. They’ll put your logo on anything. They’ve done, I think, 6,000 vehicle wraps. They’ve done garments, obviously. They could do one-offs or they could do 1,000. They do trade show booths, wraps, everything. So anything you need a logo on, think of what object you want it on. They’ll figure it out for you. And if you’re doing, let’s say, 5,000 mailers and you want that database customized for each postcard, they could do that also. It’s called data. I forget what it’s called, but they can do that. They can work the data into the printing as well. So all customizable. Check them out, voxpopuli.com. Now, getting to something we were talking about, hands-on stuff, which is this also. This can’t just be done by machines, right? Although machines, you still need people. But EV Remodeling Inc., they are a remodeling company. They can do design to build. They can do whole house renovation. They can create your deck, your backyard gazebo. They can put a bathroom, kitchen, anything you want. EV Remodeling Inc. is owned by Eli and his family. Lives in Peachtree Corners. It’s based out of our city. They’ve done, I think, over 250 homes recently. So check them out, evremodelinginc.com. And I want to thank both of them for being great sponsors of ours. So, it’s always a long stretch doing that, but I’m glad to have you, V.

00:02:22 – Vandana Aggarwal

I’m happy to be here. Thank you for inviting me onto your podcast. Excited to chat with you.

00:02:25 – Rico Figliolini

Yeah, no, this is cool. Well, you know, I met you, where did I meet you at? I think it was the chamber.

00:02:30 – Vandana Aggarwal

Yeah, the Southwest Gwinnett Chamber event.

00:02:32 – Rico Figliolini

Yeah, and we were talking a bit, and I was like, damn, you know, I had my father owned a business, and he wanted his kids to be in it. None of us, none of us could go into that business. It’s a little difficult, different industry. It was a hard industry, plus my father was very patriarchal, very over-demanding. God bless him. He mellowed in age. But when you were telling me about your family, I mean, your father, your mother, your sister, your brother, and you, I mean, all in it. It’s amazing.

00:02:55 – Vandana Aggarwal

We’re all together. We’re the modern-day Brady Bunch.

00:03:03 – Rico Figliolini

I love it. Yes, that’s exactly it. But, let’s start a little bit. I mean, you were telling me, I mean, you came from a consulting world. You came where you were actually being paid a lot more than you’re being paid right now, actually.

00:03:12 – Vandana Aggarwal

I told my father he couldn’t afford me when he recruited me out. So I graduated from Georgia Tech in 2007. I actually did join his company right out of college for two years, learned a lot about the company. He actually had me go through a rotation in every department of the company to learn more about what we did, how we operated. And I think very quickly, it was also 2008-9 with a recession. But I was also very interested to learn how big companies operate. How can you take a small company at that time? We were much smaller than we are today and really understand how do you go from this, which is where everyone starts, right? As a new company to get to be one of the largest in the nation, in the world and see how they operate, how they grew it from, you know, a mom and pop business to this global enterprise. Consulting was a natural transition to learn about multiple companies, multiple industries. So transitioned into AT Kearney, which has now been rebranded as Kearney, and out of their Chicago office. So I was there for seven to eight years, almost eight years.

00:04:23 – Rico Figliolini

Entry-level position you got in?

00:04:24 – Vandana Aggarwal

Yeah, I went in as an analyst. The good thing with that experience was by the time I left, I was a senior manager with Kearney. I worked across 17 different companies in those eight years. So I got to experience how CPG companies, retail companies, transportation, IT, you name it, I’ve done it. In terms of the different types of industries I got to work with, worked with a lot of Fortune 100 to 500 companies at the C-suite level. So we were coming up with all kinds of strategy projects such as new market entries, mergers and acquisitions. A lot of what I ended up specializing in in those seven years was operational efficiency and growth strategy. So it was an amazing, I’m grateful for that learning experience, the you know the caliber of minds that you work with. You also get to experience what the C-suite looks like. How does the very top operate and then it goes from the top down right? So it is very much led at this very top leadership and you see how companies change in their culture the way they operate based on how the top is designed.

00:05:38 – Rico Figliolini

So did you see good and bad at the top?

00:05:41 – Vandana Aggarwal

Absolutely. And I’m not going to name names. But you learn a lot when you see how your CEO and your C-suite right below them, the culture they’re bringing into a company and their vision and their goals if they’re aligned, unaligned. Anyone that at the very top have different viewpoints of where the company has had it is where companies start to break apart, lose revenue, lose their you know people, which is very important.

00:06:11 – Rico Figliolini

Where did you see the pain point then? What was the common denominator I guess of those?

00:06:18 – Vandana Aggarwal

There’s no one common denominator, but if I had to kind of narrow in, it comes down to what is our five-year, ten-year trajectory? Where are we headed? As large companies grow, you’re not just in one industry. You’re not just doing retail shopping centers. You’re investing in all kinds of properties just to bring it back to our company. Similarly, a CPG company can make all kinds of products, so they have to decide what it is because you have to be concentrated on the right places. If you have a leadership team that is in alignment of what that ultimate goal is, right, then you have clear strategies and, you know, metrics you’re measuring your success against. So that was a big thing that I learned. Also just, you know, seeing how great leaders operate, right? Some of the best in the nation today, I got to be in the room with them and just to see how they lead is very important.

00:07:14 – Rico Figliolini

Did you see any family dynamics in any of those businesses?

00:07:20 – Vandana Aggarwal

No. You know, there may have been like a father-son duo, but when you’re looking at the very top, I won’t say it was like all in the family, right? You know, and it also becomes the size of a company, right? You know, when you get to an international scale, you’re not always blessed that every person in your family has the right skill set and experience to fill each role on that C-suite.

00:07:46 – Rico Figliolini

I’m just thinking Trump for some reason. Every kid has a job.

00:07:51 – Vandana Aggarwal

Every kid has a job.

00:07:52 – Vandana Aggarwal

You had the accent, right?

00:07:54 – Rico Figliolini

Pretty much, I guess. So after the C-suite or expansion, you traveled a lot too, I think, right?

00:08:01 – Vandana Aggarwal

I did, yeah. So after my seven, eight years in consulting, I was reaching 30. And Shiv, my father, came to me and he said, you know, you’re doing this for a lot of outside companies. Why don’t you help us grow and bring your expertise home? And I said, look, I’ll take a sabbatical. Let me assess the company. And after that period where I took a short sabbatical to come look at how we were operating, I said, I can give you three years. I said, you can’t afford me, but I’ll give you three years of my time. And I said, I think it’ll be the right, it was the right time in the company. We were investing very heavily. We were bringing in a lot of new square footage into the company, and we weren’t designed to manage it. So we as a company, as you know, we are the investors. We have an in-house management company, an in-house leasing company. So as we acquire new properties, our team does the management for those properties in-house. We don’t provide third-party services today. And we do the leasing in-house. But at that time, when he, you know Shiv started we had one or two and now we’re at 50 shopping centers plus and other investments that we have. And there’s a very different way you operate you know and how do you how does the CEO go from being an operator to where he’s overseeing it, but he’s not into the weeds right? So he has create a system for that to happen right? You have to have standard operating processes for your property managers, your accounting team, your marketing team.

00:09:35 – Rico Figliolini

And you quite didn’t have that before.

00:09:37 – Vandana Aggarwal

We didn’t, no. And, you know, and I think that’s why he wanted to bring me in is because my strength is operations and I love it. I love going into messy places and cleaning them up.

00:09:49 – Rico Figliolini

Is that what you did when you were a consultant?

00:09:51 – Vandana Aggarwal

A lot of what I was concentrating on at the end of my consulting career, yes. So I did a lot of operational efficiency work. So we’d go in, assess the way companies were designed. And we’d interview hundreds of team members to understand what their role is. You know, what are they responsible for? How are they delivering? What are they measuring for success? And then we’d redesign the way they did that based on, again, bottom line, what are your ultimate goals for the company?

00:10:21 – Rico Figliolini

So you had to understand that before you got to that point. And you’re not making the decisions, the C-level.

00:10:29 – Vandana Aggarwal

Present, right? And similarly even with Shiv, when I first joined, I said, look, this is how I think we need to redesign the company from a bottoms-up perspective based on ultimately our goal of growth, doubling, tripling in size over the next ten years. And I think this is where the father dynamic came in. I guess he trusted me. And he said, do it. He just said, do it. And it was beautiful because right when you’re with large companies, it’s a lot of time before you get. Those decisions made and that trust, right? And so it was great. And he said, yeah, just put it into place.

00:11:07 – Rico Figliolini

See, that’s a great dad, actually. Some dads would be like, I don’t know about that daughter or son or whatever.

00:11:16 – Vandana Aggarwal

It did take time, though, like to ultimately, he was in the operation so heavily. And, you know, until today, I’m still like, step up, step up. Like, I need you to not get into the weeds. Like I think at that time we had tenants calling him, maintenance guys calling him. Like every little and big problem would go through his cell phone. I said, you’re too smart and you’re such a good investor. This is not your skill set. You shouldn’t be managing this. You need to bring people on who are expertise in this area. And I said, you need to be focused on like the larger plan.

00:11:51 – Rico Figliolini

This way you can grow it better.

00:11:51 – Vandana Aggarwal

Which I think has been very successful over the last eight years I’ve been with him now.

00:11:57 – Rico Figliolini

So before you got to him, though, you were traveling a bit internationally as well?

00:12:02 – Vandana Aggarwal

Yeah, yeah. So this is an amazing year. I was very burnt out. By the time I left consulting, I was working 70 to 80-hour weeks, traveling Monday through Thursday, if not more than that, of the week. So I told Shiv, I was like, I’m going to take a month. I’m going to go to India, get my yoga certification. No intention to teach at the time. I just said it’d be a great one-month retreat. And I was up in the mountains like Himalayas and India in a city called Dharamshala. Beautiful place. One of my favorites in the world. And I just, I think I needed it for myself emotionally, mentally to take that break. So I turned one month into one year. I didn’t know it was going to be a year.

00:12:49 – Rico Figliolini

In that same city? In that same town?

00:12:50 – Vandana Aggarwal

Yeah, so I ended up the school that I had gotten my certification with. I asked them, I was like, do you mind if I hang around for a little while? Like very casually, I’m like, you know, I’ll pay for my room and board, but I just want to be around this group and this energy. And they said, well, if you’re going to be here, why don’t you intern? And they’re like, room and board is free if you intern. I was like, sure. You know, not thinking what it was leading to. This is like that beauty of the universe coming into play. Yeah, so I started teaching, ended up loving teaching. So then I ended up teaching the 200-hour yoga training course. And I was in Dharamshala for four months. And then I moved down to Goa, their Goa campus for another six.

00:13:30 – Rico Figliolini

Where is that? Goa?

00:13:32 – Vandana Aggarwal

Goa? It’s in southern India on their west coast. It’s a beach town. Yeah. So I had the mountains and the beach. But I’m a mountain girl. I’m a hiker. But no, it was a beautiful experience. Very different from anything I’ve done with my career, right? But I became a yoga teacher for a year.

00:13:52 – Rico Figliolini

Did that clear your head? Yoga, they say, can do that, right?

00:13:53 – Vandana Aggarwal

Yeah, it’s all the tools of yoga, right? The meditation, the breath work, really getting internal, going in, right? Just going inwards, being quiet, which we don’t have. We have a lot of noise in our life today, you know? And naturally, right? Between family life, work life, social, and then just all of the noise from everything else right? Like we’re sitting here and I can hear the cars right? So you know that difference was when I was sitting there, I could hear the ocean waves and so there’s something very healing in nature naturally. So it was the tools mixed with nature and I still think nature has a very strong healing power on us. So whenever I can, I try to get out on a mountain and by the ocean. But yeah no it was it was a beautiful experience but it did bring a level of calmness into the way I approach things. It changes your perspective of you know at the end everything’s okay. No matter what you’re going through it’s temporary you’re, and everything that’s happening to us is happening to us for the good. We don’t know it, sometimes it seems like a bad situation in the moment, but ultimately you know, universe, God, whatever you believe in is at play to bring you something better in your life. And you just have to step back to understand what is it delivering us.

00:15:19 – Rico Figliolini

I like the way you think. My wife every once in a while would say, aren’t you upset about that? I’m like, I think come tomorrow, it won’t mean anything. There’s no point in, just relax. Not everything, two days later, it’s not as important as it seemed at that moment.

00:15:37 – Vandana Aggarwal

Yeah. And it’s not just that it’s not as important. It’s also like…

00:15:41 – Rico Figliolini

In perspective?

00:15:42 – Vandana Aggarwal

It’s, what am I gaining from this? Like, what can I gain from this? Oftentimes when, you know, a lot of things happen, yeah, like you get hurt or, you know, it’s like in relationships, right? Or if you have a bad business deal, right? It’s like, hey, how am I growing, right? And I think that’s what makes life very exciting, right? Otherwise, if you’re always living on a high, is it a high?

00:16:06 – Rico Figliolini

Yes. So I’m thinking you were a consultant for seven or eight years. 80 hours a week. And all of a sudden you’re doing yoga on the mountains of India. It’s just like, it’s almost like a movie. It’s almost like…

00:16:18 – Vandana Aggarwal

Eat, pray, love?

00:16:19 – Rico Figliolini

Yes.

00:16:20 – Vandana Aggarwal

It was my eat, pray, love moment for a year.

00:16:23 – Rico Figliolini

That’s amazing.

00:16:24 – Vandana Aggarwal

No, you meet amazing people, but I think we were meant to meet everyone that we come in interaction with on a daily basis. You naturally have a connection. There’s a universe at play, and we were meant to cross paths and learn something from each other, gain something from one another, give to the other person. And I think you just have to look at life that way.

00:16:48 – Rico Figliolini

I definitely think along that way. I mean, I definitely think each of us nudges each other in a crowd a little bit. That one nudge can set you off going in a different direction. So I totally believe in that. So you joined your dad. Yes. And you’re, so actually, even before we get there, so yoga, but what other interests have you been?

00:17:03 – Vandana Aggarwal

Yeah. So, I mean, I’m an avid hiker. I’ve done recently in the last few years, I’ve climbed Kilimanjaro. I did the Machu Picchu trail. I’ve done a few 14ers out in Colorado, but I like to test myself physically. You know, just, again, it comes down to how do we find that push within us past our comfort zone? So is this a physical inability or is it a mental constraint? So to get past that mental constraint of discomfort and then really push yourself to the next level and say, I can achieve something. It’s not going to be easy. So to me, if I’m on a hike and it’s not hard, I’m like, well, was it a hike? Like it didn’t test me, but no I think, you know.

00:17:55 – Rico Figliolini

You should do the Appalachian Trail. That’s like 2000 plus miles.

00:18:03 – Vandana Aggarwal

I know. And it is, you know, it’s not just like the hiking part. It is like living out in nature and, you know, sleeping in uncomfortable conditions. Yeah. Walking in the rain. It’s cold. I think the last day of our Kilimanjaro hike, it was negative 20 degrees up in the mountain and my eyelashes were frozen and I couldn’t feel any part of my body. And, you know, and it tested my breathing. And there is that element of push yourself to the point that it’s not your ego anymore. Like if your body’s saying stop, you have to stop as well and respect your body. But yeah, to really test yourself.

00:18:38 – Rico Figliolini

To circle all that back now, you’re back home. You’re working with your father and your family. A lot of businesses grow or die because of family. If it’s a family business, right?

00:18:52 – Vandana Aggarwal

Absolutely, yeah.

00:18:53 – Rico Figliolini

So you have your highs, your lows, your, sometimes you don’t get along. Sometimes decisions are split. People get upset with each other. So you’ve been at your highs and lows physically and mentally doing other things. Has that helped you in some ways? Not that you’re having a bad time with family. Because it sounds like you all fit just fine, like the Brady Bunch.

00:19:15 – Vandana Aggarwal

Let’s keep it that way. No, I mean, there’s multiple dynamics at play. It is a family business. My father is also my boss. My siblings are also my friends and my coworkers. And it’s about no matter how hard you try, you cannot separate those relationships. There is an interplay of all of it when you spend eight to nine hours a day together. But we all have, again, a common goal for the company. And then a common goal for our personal relationship. So when we sit down, we keep in mind that we like each other and we want to keep it that way. Like very simply put, that’s first and foremost for me especially. Even when Shiv had brought me in, he said, oh, can you manage everyone? And I said, I’ll manage everyone but my brother and sister. I said, you know, like I won’t jeopardize the relationship I have with them as a sibling by being their manager. Especially because I said that’s your job like good luck. But not just that it’s you know we all have different skill sets so I said how do I manage my brother who is a genius he’s a CPA by trade you know like I can’t tell him how to run the financials of this company like he’s supposed to teach me that right? And same way I teach him that. My sister has a master’s in marketing right? She is by far the most social, likable person you’re going to meet, and she knows how to work with people. I said, she needs to teach us that. So I think we’re lucky that each of us, and this is, I think, rare, where you have three kids and each one of them has their own skill set. That, I think, helps us stay in business and we see ourselves foreseeably into the long-term future being in business together is because we each bring something very unique to the table. Ultimately we value the relationships that we have on a personal level as a family above all else right? And then you know the element of like, how does the yoga experience a hiking experience teach us. That’s, it’s not specific to anyone’s situation, I think it’s a baseline of who you become right? The foundation. Like it teaches you patience, it teaches you again, everything is temporary so let’s not get overly attached emotionally or get upset or too joyful, even like, let’s just stay neutralized on any situation because it will end. And then the next one will come up and kind of flow with the ebbs and flows of the ocean. You, you flow with everything that comes with you, comes your way at work, at home. But yeah, I mean, we do sit down as a leadership team. I, my father and my siblings and I, and we talk about, hey, we separately do the exercise. Where are we going to be in five years? What role do we play in that journey? And thankfully, all of ours are very similar in what our goals are. And then we have different skill sets that we bring. So even as we design the future of the company in a moment where my father is not at the head of the table, we’re working on that redesign work. But it’s very conscious. It’s very intentional. Again, we all step back and say, hey, look, how do we maintain, how do we solve problems? Because like, you know, we were talking about how tomorrow we may not agree on something, a big decision. What are we investing in? Come back to, you know, right now Shiv gets to make an ultimate decision because he’s the one leader at the top. Tomorrow it’s going to be three people at the top. How do you deal?

00:23:04 – Rico Figliolini

So is there an exit plan for your dad? Well, not an exit plan.

00:23:09 – Vandana Aggarwal

Not an exit plan. He already has. I think he, you know, he’s gone from, he’s the hardest working person I know. I get that from him. We’re addicted to work.

00:23:18 – Rico Figliolini

80 hours a week.

00:23:21 – Vandana Aggarwal

We love working. You know, this company is his baby. I think I’ve adopted it at this point and we all have. But, to stay mentally sharp, to stay alive, you have to keep working. You have to keep doing something. You have to be working towards something that brings you joy and purpose. And I think, you know, he stepped back to take time towards a lot of his nonprofit work, community work that he’s very much engaged with. But he’s still at the top. He’s still running, you know, his, you know, he’s, you know, not slowing down. You know, we’re constantly growing. We’re growing this year in a large scale, which is amazing, and he’s leading that charge.

00:23:59 – Rico Figliolini

How many properties do you own?

00:24:02 – Vandana Aggarwall

Today we have 50 shopping centers and then a few other assets. 

00:24:06 – Rico Figliolini

Is that like 3 million square feet or something? 4 million?

00:24:10 – Vandana Aggarwal

Yeah, over 700 tenants. But, you know, when we sat down a few years ago, we rebranded. Aggarwal Real Estate didn’t exist until two years ago. It was American Management Services. And we had a rebranding effort because we said we want the company’s name and the brand to represent who we are.

00:24:33 – Rico Figliolini

I like that, by the way.

00:24:35 – Vandana Aggarwal

Yeah, it needs to mean something. And we were also proud of what our father has achieved, right? He’s given us this beautiful life that we get to help grow upon. So we said it needs to pay homage to him. So we said, let’s make it Aggarwal Real Estate, ARE. And then as we were deciding what that vision is, we’re a family. In the company, we are a family, not just the four of us, but all of our staff, our team. We don’t, you know, we don’t look at them separate from who we are. And so we said our mission as a company is building communities as a community. And it talks about, hey, in all of the real estate work we’re doing, we try to make sure all of our properties are beautiful. Our tenants are happy. They have direct access to each of us in the company. And on top of that, as a company, we are a community within ourselves because we can’t create them until we are one. So it was very intentional to who we already were, but putting it into brand terms.

00:25:37 – Rico Figliolini

It’s amazing. All that property, tenants. Can’t imagine father tech can send text messages on all their problems, if they have any.

00:25:45 – Vandana Aggarwal

He’s a brilliant man.

00:25:45 – Rico Figliolini

You could be too possessed on that stuff. We want to be cognizant of our time together.

00:25:55 – Vandana Aggarwal

Absolutely.

00:25:57 – Rico Figliolini

So the next subject really was going to be about also AI, because everyone’s talking about AI. We were talking about that before the show started, before we started recording, which was kind of funny because V was asking me if we edit anything. And I was like, no, straight through.

00:26:11 – Vandana Aggarwal

I wanted to see if I could say a few things and then have it taken out of this conversation.

00:26:13 – Rico Figliolini

Nope. Nope. Doesn’t work that way. So, but ChatGPT, AI, that’s all. I mean, you know, could I create a bot to edit this? Probably. But there’s so many things we use in our lives. And you’ve been talking about how it would affect your business. Nevermind the consulting work you did.

00:26:33 – Vandana Aggarwal

Yeah. I mean, the consulting world is, I mean, it depends on the industry, the type of work you’re doing. In real estate, I’ve put a lot of thought behind this. There’s a lot of conversations happening across every industry, every sector, whether it’s education, automotives, real estate, et cetera. Everything’s being discussed. How is that changing the future? How do we incorporate it to be more efficient, right? Be the best in the industry that we can be or operate better. And so for me it’s again comes down to that operations element that I think about like, how do I incorporate it for a company that’s a medium-sized real estate firm today as we become a large company, a bigger player in the market. And people are very important in real estate right?

00:27:17 – Rico Figliolini

Talk about editing?

00:27:20 – Vandana Aggarwal

I was telling you, we should bring them into the podcast.

00:27:27 – Rico Figliolini

We’re going to run a little longer on this.

00:27:36 – Vandana Aggarwal

But let’s take retail shopping centers. This is brick and mortar. I did a paper actually for a large mall retailer back in my consulting days on how the title of the paper was, is brick and mortar dead? And, you know, full circle, I am fully dedicated to brick and mortar, retail, office, multifamily now. But you still need people to clean up your properties, fix your maintenance issues. We were talking about roofing, plumbing, electrical. That is hands-on work. You know, today there is, it’s going to be a long time before there’s a robot that comes in to do that. There will be. I don’t know. I do not see that in 10 years to say we’ve got roofers that are robotic drones that are going to come fix my roof problems.

00:28:24 – Rico Figliolini

Zumbas, they’re going to run around the roof or something.

00:28:26 – Vandana Aggarwal

That’s actually genius. A Zumba for my roof.

00:28:31 – Rico Figliolini

Why not? Attach it to the right thing.

00:28:33 – Vandana Aggarwal

But so those are very people-oriented roles today. Technology will advance how quickly it’s done or how well it’s done. But you’ll still need someone to operate the machinery of it and everything.

00:28:49 – Rico Figliolini

Just not as many.

00:28:50 – Vandana Aggarwal

Yeah. Construction, similarly, right?

00:28:54 – Rico Figliolini

Unless you 3D print a house. I’m sorry.

00:28:56 – Vandana Aggarwal

No, it’s true. It’s true. There’s so many options. I’m thinking 10 years now. I’m not going to have a 3D printer making the metal framing for my new construction project. You know, or installing the sheetrock, it does probably speed up the process, right? There will be machinery to help with that, a lot of AI development in that way. It’s a lot at an office administrative level, right? The speed in which you’re processing invoices, the speed in which you are, you know, getting payments taken in. Today, I would say as far back as right before COVID, we were still accepting checks for money. Now it’s all online. Like we do not accept money coming into the office, or it’s very limited to what we do, right? So that’s AI, if you think about it, right? The ability to pay online.

00:29:42 – Rico Figliolini

QuickBooks Online uses AI now, you can enable it.

00:29:47 – Vandana Aggarwal

So we’ve been using it for many years. The advancement of it has been a little bit slower, and now it’s sped up. Marketing, we were just talking about how you created a flyer on ChatGPT, was it? 

00:30:00 – Rico Figliolini

I won’t talk about the student that’s helping us out here and how they use AI.

00:30:04 – Vandana Aggarwal

No, AI in school, right? But yeah, it’s an AI processor for my HR roles, right? Instead of reading 100 resumes, it’s going through the system to filter them out. Whether it’s writing contracts, I won’t lie. Legal jargon is coming out of ChatGPT today. And so it’s speeding up the way we’re doing work. But my legal team probably, and they won’t say it, should be using AI if they’re not. To help create some of this work right? So it’s like these companies are still going to be needed, but the way that they’re able to respond to us at a quicker, everything would just happen faster right? From typewriters to computers, everything.

00:30:49 – Rico Figliolini

Especially if they know that they just did a lease from you for this property in Texas, that we need three more leases done for three other places, it’s not going to be that much different, right? It’s a template.

00:31:01 – Vandana Aggarwal

It’s coming out a lot faster. Yeah, I mean the negotiations, that’s a people-to-people thing right? So I think thankfully in the real estate world we’re still going to need people. We’re still going to need buildings right? The way built, we were just talking about how a retail shopping center is no longer just for shopping. It has to be for entertainment. It has to be for bringing families in and giving them more than just, hey, go into a TJ Maxx and buy something, right? It’s like, what else are you getting when you’re at that center? Whether it’s a play space or events, we’re starting to do more events at our shopping centers. So it’s, again, serving the community.

00:31:39 – Rico Figliolini

We’re seeing that more. More of that happening. We could go on and on here.

00:31:46 – Vandana Aggarwal

Chatting with you.

00:31:46 – Rico Figliolini

Yeah, and we should probably do one on either AI in the marketplace. Or maybe a panel discussion on something similar. 

00:31:51 – Vandana Aggarwal

Yeah, overall, yeah. That would be exciting.

00:31:55 – Rico Figliolini

Yeah, I think that would be cool.

00:31:56 – Vandana Aggarwal

I think it’s interesting to learn about kind of where every industry is heading. It impacts all of us.

00:32:00 – Rico Figliolini

For sure. I mean, the magazine business, I mean, it’s all like we have certain, we have AI rules. But, you know, AI is still being used to degree to research things. And to do certain things like that. You know, hopefully journalism isn’t just handed over. They do say 40% of the internet is AI written. So, which is kind of incestuous almost because it’ll just feed on itself at some point.

00:32:27 – Vandana Aggarwal

There’s a whole discussion about the validity and the trust behind digital content. In the next few years. I think it’s going to diminish.

00:32:35 – Rico Figliolini

Oh, yeah. I mean, I’m seeing videos now and it’s just like, it just looks so real. And you could not tell the difference, even voice-wise.

00:32:42 –  Vandana Aggarwal

And that’s scary to think. It’s like, how do you trust what you see?

00:32:47 – Rico Figliolini

So on that note, and since this is not edited, so this is right from the beginning. So this is all true. But I want to thank everyone. I want to thank you, V, for being with me.

00:32:57 – Vandana Aggarwal

Thank you so much for having me. This was a great conversation.

00:33:01 – Rico Figliolini

It went by way faster than some of these go. So this is a great discussion. Thank you, everyone. I appreciate you for joining us. Thank you for Vox Pop Uli for the studio look and for letting us do it here, for being a sponsor and for EV Remodeling. Also, I want to thank Jeremy Pruitt behind the camera who has taken care. He’s a Paul Duke student. And it wasn’t him that I was talking about before, by the way. But all the work he’s done on the back end on this. So thank you, Jeremy. So thank you all. Thanks for being with us.