Rob discusses the topic of Personal Development with ATL members.
Rob discusses the topic of Personal Development with ATL members.
Multifamily Property Investor Rob Rowsell shows how to use ChatGPT for Real Estate ventures. Specifically in this video, Rob shows how he uses AI to vet contracts with investors, so that he doesn’t miss any important details.
ChatGPT For Real Estate Contract ReviewRight up front, Rob makes it clear that he uses AI to review every contract that he receives, no matter the subject. In his ChatGPT window, he has Project folders dedicated to each one of his real estate properties. Rob notes that Projects is a feature exclusive to ChatGPT Pro.
Those folders house every agreement regarding their assigned property. These documents include the insurance papers, property management contracts, and security agreements. Anytime that he has a question about one of them, he types it up, and then gets a quick answer back.
In effect, the ChatGPT Pro app is acting as a virtual business mentor. It gives him sound advice about all of his written business agreements.
When he writes the prompts, Rob makes sure to assign ChatGPT the role of an expert in the specific subject the document covers. That way, the advice he receives is laser focused on the topic, as well as swiftly delivered.
Over time, through machine learning, the app knows Rob’s preferences and his intentions for even better responses.
Do you own your own multifamily rental properties? If not, do you plan to do so one day? Then you should consider joining our online financial group, the ATL Inner Circle Community! Each month, investing pro Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not quite as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!
You should be picky about who you partner with on real estate investments, especially when they are outside property deals – or not in your typical network. It’s very important in today’s stale rental property market. Rob Rowsell explains the numbers that he looks for when when he considers investing in outside property deals.
Outside Property DealsRob had sound advice for a caller who asked if he ever funded outside property deals. He always does his homework, especially in tricky real estate markets like the 2025 US landscape.
To use a baseball analogy, you need to look for home runs! This means that you are confident that you can raise the units to less than 15% vacancy total. Translation: 10% physically and 5% economically. If a deal looks like a double or less, he will not consider it. Underwrite accordingly in order to keep up with current trends.
When you are stress testing potential investments, examine the underwriting numbers with your trusted team. Lenders should always help with assuring Ordinance and Law insurance coverage. Make sure your that your insurance agent knows that you need Freddie Mac and Fannie Mae compliance in your policy agreement. It will cost you an arm and a leg today, but better two limbs now than four down the line.
Do you own your own multifamily rental properties? If not, do you plan to do so one day? Then you should consider joining our online financial group, the ATL Inner Circle Community! Each month, investing pro Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not quite as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!
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