Multifamily Real Estate Investor Rob Rowsell talks using AI apps for investment asset management automation. Digital assets management uses artificial intelligence, streamlining Rob’s wealth management strategy.
How Rob Uses AI Apps For Investment Asset Management Automation
Rob explains that his personal development strategy involves polishing his skills of managing his assets. Primarily, Rob invests and participates in multifamily real estate deals. He has property holdings across the USA. He and his personal assistants are increasingly using AI to automate the task of managing those assets.
If you have investigated your options, you know that there are many app choices for investment asset management automation. Inviting AI into our business strategies can be overwhelming. It is important to choose two large language models to focus on and use for your business. Rob prefers to use either ChatGPT or Gemini, depending on his needs.
Rob mentions one prompt that he has set up regarding profit and loss reports. He has programmed his business KPIs into the system, and it generates P&L reports. It also generates the questions to send to the property management company at the end of each rental term.
Open your mind to using AI to automate your business. So many new possibilities will open up when you have mastered it and can build your own internal ecosystem.
Join Our Multifamily Investing Community Today
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!
Rob Rowsell answered a caller who asked about which of two investing choices was the best arrangement. Should the caller choose a joint venture real estate deal or a syndication investment? Watch and learn which is the best scenario for your own property deal.
Joint Venture Real Estate Deal And Syndication Investment Compared
Our friend Gabriel asked Rob which factors dictated a joint venture real estate deal, rather than investing with a syndication. For example, could the number of units in the property play a role?
Instead, Rob feels like JV deals are appropriate whenever you can pitch in with competent, like minded friends. He shares his Christian faith with one group who he does Joint Venture investments with, although Rob welcomes non believers to his business circle. Faith in Christ just happens to be one of the common threads in the trust that bonds this group.
When is a Syndication property investment a better choice? Rob explains that if you contribute to multiple Joint Ventures, you will soon run out of money. Syndication investments do not require you to risk as much cash as a JV or become as directly involved. When you go into a Joint Venture, it’s all hands on deck amongst a small group to make sure all of the paperwork is signed and decisions are made.
So, which do you choose? Go with a smaller property and smaller team on a Joint Venture? You may get a greater return, but you will definitely work for it. A Syndication could reap a smaller reward, but will not require as much investment or effort. It all depends on your own financial situation, whether or not you have a close knit core group of investors, and what your goals are.
Join Our Multifamily Investing Community Today
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!
Successful Multifamily Real Estate Investor Rob Rowsell is here to explain the answer to one burning question. How can YOU can cut tax drag that is sapping the returns from your investment portfolio? Do you want to invest your money wisely? Then you need to take the time to reduce your tax expenses. That is a key component in any multifamily real estate investment strategy. Watch, learn, and then apply this knowledge. Then, you’ll start saving on your precious investment taxes!
Cut Tax Drag On Your Investments Safely And Legally
Rob starts out by explaining that there are a few major expenses that we all want to avoid as investors. Tax drag is way up there on top of that list. There are just four key ways that our favorite multifamily magnate Rob Rowsell recommends for all investors to cut tax drag:
Choose Structure Over Deduction
First of all, you must make sure that you will always pay yourself tax efficiently on payday. Do you earn a W2 income working for a business that you own? Then your CPA will tell you that you must pay yourself a typical salary range for that position. However, you will want to pay yourself based on the lowest end of that salary range. That way, you will pay much less in both your income and your payroll taxes. If you are a smart business owner, then you should be able to afford to live on that smaller salary amount.
Finally, you will need to make sure that you will plan your exit before you even go in. This means that you will decide the proper legal entity for your business, such as an LLC, S-Corp, or C-Corp. None of these corporate entity designations are wrong in and of themselves. You must decide which one is the right choice for your specific industry and your intended pursuits.
Cut Tax Drag By Investing All Of Your Taxes Efficiently
Without a shadow of a doubt, savvy tax planning is the lowest risk way for you to immediately boost your investment returns. Rob repeats this important mantra often: saving on your taxes will create another income stream! Rob has saved well over $250,000 in a single year, all because of his CPA’s savvy tax planning strategies.
Most of the time, you will want to put your long term capital growth investments in your taxable accounts. Your ordinary income cash flow investments, on the other hand, should all go in your tax advantaged accounts. A Roth IRA account is one example of such a tax advantaged account.
Last of all, in order to invest tax efficiently, you should leverage your unrealized gains so that they will compound tax free. Your unrealized gains might include the value of your property increasing after you purchase it. Perhaps you bought a business and then you increased the income that it is generating. You are not taxed on that business income. That way, you could take out some low interest loans from your lender against those numbers. You could use that money in order to scale your business, so you can realize even greater success!
Pay With Your Pre-Tax Dollars
Rob’s third principle to cut tax drag is that you should pay your expenses with your pre-tax dollars. What does that mean for all of us investors? Make sure that you will push all of your legitimate business expenses into your business. When you do that, then you will earn your business an automatic discount. Unlike your employees who are paid and then taxed, an LLC business owner can pay their expenses before they are taxed on their earned income.
Plan BEFORE You Play
Finally, you will need to plan what the tax impact will be of each and every potential investment that you intend on making. Once you reach Rob Rowsell’s high level of real estate investment savvy, you might just know by June what you will pay in taxes at the end of the year! That is one of the many advantages of regularly consulting with an experienced, hard nosed CPA on your investment plans.
Just make sure that you meet with your CPA regularly in order to plan your tax strategies. Keep them in the loop as early in your planning process as possible. When your CPA knows all the machinations of your plans, they can stop you from making costly mistakes. Many plans can change when you are drawing up investment strategies. Whenever your plans take a left turn, call your accountant immediately, so you can make the necessary adjustments.
Join Our Multifamily Real Estate Investing Community
Do you own your own multifamily rental properties? If not, do you plan to do so one day? Then you need to consider joining our online discussion group, the ATL Inner Circle Community! Each month, Rob Rowsell will teach you what you must do in order to build your wealth in the multifamily real estate business. It’s not as easy as it looks from the outside! Property taxes, liens, and costly legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must!So sign up today!
How Rob Uses AI Apps For Investment Asset Management Automation
