Using AI is like your first Google search... but with real leverage
What happens when a property management company stops asking, “What can AI do?” and starts asking, “What is taking up too much of our time?”
In this episode of Net Effective, the Rental AI Show, Jonas Bordo, CEO and co-founder of Dwellsy, sits down with Nick Virovec, President of RentFAM, to explore how AI is becoming a practical tool for property management, from financial analysis and reporting to tenant communications, automation, and even building custom software.
Nick joined RentFAM in 2022 when the company managed around 140 units. Today, RentFAM manages nearly 1,500 multifamily units for more than 90 clients throughout Northeast Ohio. Nick shares how the company handled rapid growth while using AI to help its team work faster and make better decisions.
A key theme throughout the conversation is that AI is not about replacing people. For Nick, it is an enhancement that gives his team more time to focus on relationships and higher-value work.
Nick explains how his team is using AI to:
• Analyze financial statements and identify important variances faster
• Turn complex data into easy-to-understand reports and spreadsheets
• Personalize tenant communications instead of relying solely on one-size-fits-all templates
• Identify patterns in delinquency reports and prioritize areas that need attention
• Support bank reconciliation and accounts payable processes
• Explore automated reporting using AI agents
• Build custom internal software for receivables and payment plans
• Research and solve problems faster in both professional and personal life
Nick also shares his own “aha moment” with ChatGPT and why he compares getting started with AI to your first Google search. His advice is simple: find something that is taking up too much of your time, ask AI a question, and start experimenting.
The conversation also explores RentFAM’s planned property management software transition, why an open API and native AI integrations matter, and the growing opportunity for property managers to build their own software rather than settling for tools that only meet 70% of their needs.
Nick also shares examples of AI and automation delivering measurable results, including an accounts payable solution that helps RentFAM process roughly 2,500 to 3,000 invoices each month and has given team members significant time back.
If you're a property manager, real estate operator, or rental housing professional wondering where AI can actually make a difference, this episode offers practical examples, lessons, and a clear starting point.
About Nick Virovec
Nick Virovec has served as President of RentFAM since June 2022. RentFAM is a property management company headquartered in Independence, Ohio, serving Northeast Ohio. The company manages more than 90 client relationships and approximately 1,500 multifamily units.
Learn more about RentFAM:
RentFAM
Connect with Nick on LinkedIn:
Nick Virovec on LinkedIn
About Net Effective, the Rental AI Show
Net Effective is hosted by Jonas Bordo, CEO and co-founder of Dwellsy. The show explores how artificial intelligence, automation, and emerging technology are changing rental housing and property management, featuring conversations with the people putting these technologies into practice.
Subscribe to Net Effective for more conversations about Rental AI, property management technology, automation, real estate innovation, and the future of rental housing.
