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All Forum Posts by: Nick Rutkowski

Nick Rutkowski has started 74 posts and replied 1462 times.

Post: How much is enough?

Nick Rutkowski#2 General Landlording & Rental Properties ContributorPosted
  • Rental Property Investor
  • Ithaca, NY
  • Posts 1,508
  • Votes 1,238

@Steve Smith I think enough is enough when you look in the mirror too many times saying "I need to do something different." The one nice thing about achieving financial freedom through real estate is we have the luxury to say this and change our lives. 

Post: How many of you use AI as Investors?

Nick Rutkowski#2 General Landlording & Rental Properties ContributorPosted
  • Rental Property Investor
  • Ithaca, NY
  • Posts 1,508
  • Votes 1,238

@Ben Fernandez Yes, it makes analysis a lot easier and faster. I can do an analysis by typing in the address to my module.

Post: Adding a person & 2 cats to lease agreement

Nick Rutkowski#2 General Landlording & Rental Properties ContributorPosted
  • Rental Property Investor
  • Ithaca, NY
  • Posts 1,508
  • Votes 1,238
Quote from @Heath D Wallace:
Quote from @Nick Rutkowski:

@Heath D Wallace Cats can damage your property if not maintained correctly, if your apartment has carpet then cat urine is can get soaked in it if the cat pees on your floor. It stinks and is hard to get out. However, you'll never have to worry about a rodent problem in your house because you have the best rodent exterminators in the market. At least in that apartment. I charge a $25/mo per pet. Aniciplate scratched moulding and the pee, that's about it. 


 I always thought cats were pretty good with using the litter box.


 They are, sometimes when they're stressed out they can urinate anywhere. For example, your tenant will change their cat's environment by moving to your apartment. Cats HATE changes to their environment because it's not familiar to them. They could miss the litter box on purpose or pee in a corner. Most cat owners are aware of this anyways but its a scenario that happens. I love cats and I love when tenants have cats too. They're great!

Post: How many of you use AI as Investors?

Nick Rutkowski#2 General Landlording & Rental Properties ContributorPosted
  • Rental Property Investor
  • Ithaca, NY
  • Posts 1,508
  • Votes 1,238
Quote from @Mason Jacobs:

I use AI all the time! One of the things I do Is I pay the monthly $20 for ChatGPT, this way I can teach it what I want, of course you have to double check it but I will have it create entire social media posting calendars as well as topcs for me to use. Another this is running numbers on a deal, instead of punching them into a spreadsheet I upload my numbers to the platform and have taught it to tell me if it passes on not. If it doesn't pass I ask it why and it will give me points to utilize in any negotiation. I don't have it replace common sense or creativity but simply have it do the things im already doing 10X faster! 


I have the $20/mo "membership" for Chat too. I use it for EVERYTHING. Searches, brainstorming, writing, analyzing, counting calories (I workout a ton), cooking recipes, reminders, EVERYTHING.  

Post: How many of you use AI as Investors?

Nick Rutkowski#2 General Landlording & Rental Properties ContributorPosted
  • Rental Property Investor
  • Ithaca, NY
  • Posts 1,508
  • Votes 1,238
Quote from @Brad B.:

I use ChatGPT all the time, and then we also use AI for follow engagement and appointment setting.


 Thats cool, can you elaborate more on how you do it? I use chat too so you might have some gems I'm missing!

Post: How many of you use AI as Investors?

Nick Rutkowski#2 General Landlording & Rental Properties ContributorPosted
  • Rental Property Investor
  • Ithaca, NY
  • Posts 1,508
  • Votes 1,238
Quote from @Taylor Dasch:

AI is super helpful in my business as an investor and as a real estate agent. I use it to create my follow up plans, create texts / emails, and give me ideas of what I can do that others may not be doing. I have also used it for deal analysis and it seemed to be pretty accurate. I probably wouldnt trust it 100% with that though unless I input all of the data that I have from my analysis in terms of ARV, rental rates, rehab rates, etc. now that I type it out, that actually would be a good idea aha.

I never trust AI 100%. I think of it like an employee or personal assistant. Yes it does 90% but you still have to look over it or double check accuracy like you said.  

Post: How many of you use AI as Investors?

Nick Rutkowski#2 General Landlording & Rental Properties ContributorPosted
  • Rental Property Investor
  • Ithaca, NY
  • Posts 1,508
  • Votes 1,238
Quote from @Chris Seveney:

@Nick Rutkowski

Tons of ways to use it. We are using it for quicker reference on all state laws regarding foreclosures and evictions

Also using it to scan notes and other due diligence packages we have.

We are also reviewing a company that can use it to scan bank statements and tax retturns to quickly sort where money is spent and if documents are fraudulent.

Too many honestly to name


 Wow, I did not know you could do that with AI. What AI program are you using to scan those documents? I'm using ChatGPT for all my work.

Post: How many of you use AI as Investors?

Nick Rutkowski#2 General Landlording & Rental Properties ContributorPosted
  • Rental Property Investor
  • Ithaca, NY
  • Posts 1,508
  • Votes 1,238

I'm curious to see if people use AI as part of their business.  I use AI for a few different purposes. Research, advertising, and I'll run deal analysis. Of course, I have to go through and double check it's work. But aside from that it works 90% of the time. 

If you're using AI, how are you using it? Can you think of better ways to use it than how I am using it now? I'm open to new suggestions! 

Post: Adding a person & 2 cats to lease agreement

Nick Rutkowski#2 General Landlording & Rental Properties ContributorPosted
  • Rental Property Investor
  • Ithaca, NY
  • Posts 1,508
  • Votes 1,238

@Heath D Wallace Cats can damage your property if not maintained correctly, if your apartment has carpet then cat urine is can get soaked in it if the cat pees on your floor. It stinks and is hard to get out. However, you'll never have to worry about a rodent problem in your house because you have the best rodent exterminators in the market. At least in that apartment. I charge a $25/mo per pet. Aniciplate scratched moulding and the pee, that's about it. 

Post: Investing in Upstate NY?

Nick Rutkowski#2 General Landlording & Rental Properties ContributorPosted
  • Rental Property Investor
  • Ithaca, NY
  • Posts 1,508
  • Votes 1,238

@Bethany S Labrinos 

Welcome to BP! I am your Upstate NY expert/ connect to help you get started up here in the great ol' area of Upstate NY! You're picking a great time to start investing, the area is becoming a hot spot for investors. 

Buffalo is predicted to be #1 2025 Small City Housing Market of the year. Syracuse is welcoming Micron - a 100 Billion dollar investment into the area over the next 20 years. Rochester is kind of in the middle, not as much action but still great deals. Binghamton is starting to see new business coming in too.

Where I live Ithaca, NY prices are going through the roof.  New development in the city are kicking out people. Rents in the surrounding towns are raising rapidly. I paid 195k for my last property in Groton,NY (a surrounding town) and it rents out $3175/mo. Cha-Ching.

Get in touch with Steph, too.  She can get your search started in the areas I mentioned above! @Stephanie Jacobson