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We talk a lot about amenities in self storage—security cameras, clean units, keypads, gates—but what about you? The manager is one of the most important amenities at a facility, and often one of the most under emphasized. Appearance, attitude, and professionalism can either enhance or hurt your facility's image. What you wear and what you support during company time all sends a message about your business. Is it the message you want to send? Is it the message your organization wants to promote? We cover: ✅ Why your personal presentation matters just as much as your property's ✅ How to think about yourself as part of the customer experience ✅ Tips for keeping a clean, professional appearance without losing personality Digital curb appeal and property curb appeal get a lot of attention these days. But don't forget that sometimes it's the personal curb appeal that makes or breaks the final sale. Hosts: Josh Huff & Melissa Huff Produced by Lighthouse Storage Solutions
Cllr Audrey Buckley chats to JP about the lack of public toilets at Cork beaches and amenities Hosted on Acast. See acast.com/privacy for more information.
An Estate in the Balgriffin area is in a transition period of being taken over by Dublin City Council and residents feel they are being left in limbo. Our reporter Josh Crosbie has been looking into this.
What to Worry About When Buying a Home in Maine (And How to Fix It!) Thinking about buying a home in Maine?
As electric vehicle adoption surges—projected to make up over half of all new car sales in the U.S. by 2030—the expectations around where and how we charge are rapidly evolving. Charging stations are no longer just utility hubs; they are becoming lifestyle touchpoints. Today's EV drivers seek more than speed and convenience—they want frictionless technology, elevated amenities, and design that speaks to their personal values. A new report from MG2 Advisory asks: What if EV charging stations embraced “unreasonable hospitality” and became places people actually look forward to visiting?How can EV charging stations evolve from functional infrastructure into brand experiences that surprise, delight, and earn loyalty?In this episode of Retail Refined, host Melissa Gonzalez is joined by Charles Forster, founder of the automotive media brand Automo Speed Crew. Together, they explore what it would mean to embed the principles of hospitality into EV environments—from seamless app experiences to destination-worthy food and community spaces. Drawing from MG2 Advisory's latest consumer research, they break down user personas and reveal how brands can transform charging from a necessity into a memorable interaction.Highlights from the conversation include…Understanding the EV personas: From “Speed Seekers” who prioritize fast and seamless charging, to “Comfort Cruisers” and “Destination Dwellers” who value relaxation and immersive experiences, charging environments must cater to varied expectations.Amenities as differentiators: From elevated restrooms and premium seating to on-site services like tire inflation and detailing, going beyond the basics can drive loyalty.Tech-enabled hospitality: Frictionless mobile apps for reservations, payments, and real-time charger status are key to reducing range anxiety and elevating the user experience.Charles Forster is a seasoned product development leader with over 15 years of experience in UX design, front-end engineering, and digital branding across fintech, SaaS, and media sectors. As Director of Product Development at VersioPay, he oversees the design and development of integrated payment processing platforms and user interfaces. He has also led large-scale enterprise projects, founded the automotive media brand Automo Speed Crew, and consistently applies his expertise in software innovation, startup growth, and user-centered design.
Keith is back from his last plane ride in a while from Charlotte, North Carolina, America … because he's gonna move there! Keith is joined by greats and fellow Charlotteans Rod and Karen Morrow to help discuss his potential living situation, his feelings (!!!) on the big change, and everything swirling in his head. The trio also discusses KATG's Spring 2025 Poker Championship, the origins of Minimum Rage, and Keith's dad making his children suck on his thumb.
In this episode, Suzanne and I sit down with Richard Ross, CEO of Quinn Residences, a leader in the Build-to-Rent (BTR) space. Richard shares his journey from accountant to real estate executive, his lessons on picking the right property types and niches, and his approach to long-term scaling without chasing fads. We dive into Quinn's incredible growth to over 5,200 homes across 34 communities, how they've crafted a resident-first experience, and why patience, focus, and relationships are everything in today's real estate market. Whether you're just starting out or scaling your portfolio, this conversation is packed with strategy, wisdom, and real-world advice. Key Talking Points of the Episode 00:00 Introduction 01:15 Who is Richard Ross? 01:44 The mission of Quinn Residences 02:24 Providing a completely maintenance-free lifestyle 03:10 How Quinn Residences scaled to 5,200+ homes and 34 communities 04:06 The research behind market selection: jobs, retail, schools 05:38 What residents care about the most 06:24 Smart tech packages: cameras, leak detection, security features 08:25 How getting fired was a turning point in Richard's life 09:22 Why you should never burn bridges in business 10:02 Why niche focus matters if you want to succeed 11:11 Long-term trends that drive lasting success in real estate 14:07 How Quinn Residences plans to scale from 5,200 to 10,000 homes 15:33 The value of patience to your success 16:35 Why sticking to one property type accelerates growth 17:53 Exploring other niches: ADUs, vacation rentals, senior living 19:14 Hometown Heroes program: offering rent discounts to first responders 20:09 The importance of resident feedback, reviews, and surveys 21:06 Amenities that matter: pet-friendly features and tech access 22:09 The power of networking in trade shows and industry events Quotables “We don't follow fads. We follow long-term trends and fundamentals.” “Relationships are everything. You never know where your next opportunity will come from.” “In real estate and life, patience is the secret weapon most people never use.” Links Quinn Residences https://live-quinn.com/ RCN Capital https://www.rcncapital.com/podcast https://www.instagram.com/rcn_capital/ info@rcncapital.com REI INK https://rei-ink.com/
Futurestay: www.futurestay.com/bill Jonathan Lazzarinojonathan@theshorttermshop.com(832) 914-5012 Thinking about investing on the Alabama Coast? I've been doing deals down here for a decade—and today I'm bringing on my go-to agent, Jonathan Lozano, to break it all down. We talk cash flow realities, pet-friendly gold mines, what $175K down gets you right now, and why the new Gulf Shores airport is a game changer. This isn't just hype—it's the local, boots-on-the-ground insight you need to make smart moves in Fort Morgan, Gulf Shores, and Orange Beach. 02:20 Meet Jonathan Lazano: Gulf Shores Real Estate Expert 03:00 Current Market Trends in Gulf Shores 04:41 Investment Strategies for Gulf Shores 07:09 Impact of the New Airport on Gulf Shores 10:42 Future Developments and Opportunities 16:02 The Value of Amenities in Real Estate 19:45 Conclusion and Contact Information ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508 • Check Out Our website: https://buildstrwealth.com/ • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/ • TikTok: https://www.tiktok.com/@bfaeth On Bill Faeth Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices
Did you know only 50% of tenants signed a lease for their last mid-term rental stay? That stat shocked us too. In this episode, we're diving into why every landlord offering monthly furnished rentals needs a rock-solid lease agreement—and exactly how to build one that protects you and your property without overcomplicating things.We're joined by Deborah Holstein, Chief Growth Officer at Rocket Lawyer, to break down the essentials of a great lease for mid-term rentals. Whether you're brand new to monthly rentals or you've hosted dozens of traveling nurses and corporate guests, this episode is your roadmap to creating clear, legally sound, and easy-to-manage lease agreements.Through Furnished Finder's powerful partnership with Rocket Lawyer, landlords have access to state-specific, attorney-approved leases that are tailored to the unique needs of the MTR (Mid-Term Rental) space. We talk through the 8 things every MTR lease needs, real-world landlord data, and tips to avoid common mistakes that can cost you time, money, or your property's reputation.What You'll Learn in This Episode:- Why a lease matters more than you think for monthly stays- The 8 essential elements every MTR lease should include- Furnished Finder data: average deposits, pet fees, cleaning fees & more- How to handle early lease termination (ELT), utilities, shared spaces, pets & damage waivers- Why generic leases from friends or Google just won't cut it- How to get started today using KeyCheck & Rocket Lawyer toolsThis episode is packed with actionable insights to help you operate like a pro.
With everything feeling heavy—from the world to the beauty industry to our own nervous systems—it's easy to fall into hustle mode, clinging to surface-level strategies in hopes they'll fix everything. But here's the truth: your business doesn't need another bougie amenity. It needs you.In this heartfelt, truth-packed episode, I'm unpacking what really makes clients stick around, spend more, and rave about their appointments. And spoiler alert? It's not your branded towels or your aesthetic Instagram feed. It's your energy, your leadership, and the way you make people feel.We're diving into powerful client data, the emotional reality of business in 2025, and why showing up as a grounded, joyful human is the strategy you've been missing.
In this episode of the Wanderlust Wealth Show, Olivia Tati shares invaluable insights into using interior design to maximize the income from real estate investment properties. Olivia talks about her own journey from being saddled with debt to thriving in the world of real estate, coaching, and YouTube. She emphasizes the importance of design in distinguishing your property in a competitive market and offers strategic advice on creating eye-catching, Instagramable spaces that attract the ideal guests year-round. Listen in as Olivia provides a detailed overview of her three-step CAA method (Competition, Avatar, Amenities) for maximizing ROI and shares real-life case studies. Perfect for both new and seasoned real estate investors looking to elevate their game. Don't miss her actionable tips, personal stories, and motivational insights! Join the free course here! Check out the Nuuly website! Free Masterclass: How to Buy Your First Investment Property for Less Than $25K Apply for Wanderlust Wealth Academy Book a call to see if you would be a good fit for Wanderlust Wealth Academy: https://calendly.com/theoliviatati/wanderlustwealthacademy Learn more about WWA here: https://www.oliviatati.com/wwa Hang out with me on IG: @theoliviatati / @wanderlustwealth.show Watch this episode on Youtube: https://www.youtube.com/@Theoliviatati/
Welcome to NAA's Apartmentcast, the official podcast of the National Apartment Association. On this episode, we sit down with NAA's industry Research Analyst Eri Bajomo to dive into the findings of NAA's latest research project, “The Ongoing Evolution of Amenity Spaces.” Visit the research section on NAA's website to explore this new report as well as all of NAA's research offerings, including Income/Expense IQ data, industry trends, housing policy research, the apartment market pulse, dollar of rent and much more.
Johanne Hedges is convinced that short-term rental hosts and property managers who provide luxury amenities for their guests will achieve a higher nightly rate, increased occupancy, and better reviews.During this episode of Host Planet Bitesize – sponsored by Hostfully – Johanne shares details of five luxury products that every host and manager should consider stocking, from an outstanding mattress to premium dog treats.Key takeaways:• A good mattress is essential for Airbnb guests.• Premium towels are a must if you're running short-term rentals.• Discover more about Sir Woofchesters – premium dog treats that will ensure your guests and their four-legged friends feel very well catered for.1:31 Luxury product number one: mattress 3:12 Luxury product number two: toiletries 5:18 Luxury product number three: premium towels and bathrobes 6:56 Luxury product number four: home décor and accessories9:43 Luxury product number five: dog treatsLinks:Host Planet: https://www.hostplanet.club/James Varley: https://www.linkedin.com/in/jdsvarley/Johanne Hedges: https://www.linkedin.com/in/johanne-hedges-cofounder-libi/LiBi: https://www.libiloves.com/Episode to check next: Airbnb does not want you to listen to Mark Simpson: https://www.youtube.com/watch?v=4B7VBSExRkU&t=13sHost Planet Bitesize is presented by James Varley – a holiday let investor and property manager who is also the Founder of Host Planet. Before founding Host Planet, James spent 20 years in the media, including almost a decade leading corporate communications for the FIFA World Cup Qatar 2022.Contact the show: info@hostplanet.club#HostPlanet #HostPlanetBitesize #Hostfully #James Varley #JohanneHedges #LiBi #Luxury #HolidayLets #ShortTermRentals #VacationRentals #SelfCatering #Property #PropertyInvestment #PropertyManagement #Airbnb #BookDirect #DirectBookings #Bookingcom #Vrbo
s9 e19 • the one with the free amenities (the one with rachel's dream)leann's outie regaled us with the world traveling tales from her innie's recent trip to london. we may just be planning a trip to london together now. and, we've finally reached the storyline we've been dreading for 9.5 seasons.meanwhile, chandler and ross go on a romantic trip for two. joey has a hard time method acting until he gets a little help from rachel. and, monica and phoebe have a battle of wills.recommend to a friend | harry potter and the cursed child (london edition!)quote of the week | "yes, please, take me" - luellenjoin us on social media | website: https://anchor.fm/the-one-with-friends | instagram: @theonewithfriendspodcast | facebook: @theonewithfriendspodcast | twitter: @theonewithPOD | email: the1withfriends@gmail.com
This episode of the Hospitable Hosts podcast is a throwback. We're re-releasing some of our past masterclass webinars that were available in video format only for you to listen to on the go. The tips and tricks in this episode are still relevant today, but remember that any references to specific dates might be outdated. This webinar ran on February 16, 2024.On this episode, we have experts from Mount, Minoan, and HostGPO to share their views, tips, and ideas on amenities. This panel discussion has been put together to help Hospitable Hosts discover ways to grow their short-term rental bookings and garner more 5-star reviews.We discuss everything from the must-have amenities considered standard by guests to the luxury additions that can offer an unexpected surprise to a guest's stay. We'll also go beyond amenities in the property and discuss how experiences can also boost business without being labor-intensive for the host.Sleep easy, host confidently with Hospitable. Automate your guest messages, sync your calendar across booking channels, and protect yourself from bad direct booking guests.Sign up today at hospitable.com/podcast and get 25% off your bill for 3 months.
Get in, gurl, we're reading poetry at your unfriendly neighborhood leather bar.Please Support Breaking Form!Review the show on Apple Podcasts here.Aaron's STOP LYING is available from the Pitt Poetry Series.James's ROMANTIC COMEDY is available from Four Way Books.NOTES:Learn more about Tom of Finland, the artist name of Finnish Touko Laaksonen who signed his erotic work "Tom." Follow messygayspod on Instagram, or @messygays.bsky.social on Blue Sky, or on FB at MessyGaysPodRead Heather McHugh's "The Amenities" (care warning: sexual assault)Read sam sax's "On PrEP or on Prayer [“when i say pre-exposure prophylaxis”]Read Elizabeth Bishop's "The Moose"Read Diane Wakoski's "Uneasy Rider"Here's an excerpt from Mark Bibbins's 13th BalloonRead this poem by Tyehimba JessCheck out Robin Coste Lewis's page on The Elders Project here. TEP captures and celebrates untold and underrepresented stories of activists, storytellers, and community builders who have witnessed and shaped great change in American public life. Read this consideration/critique of Cruising Read this interview of Mary Jo Bang.Stephen King addresses rumors about Musk insults here.Read this great review of Bianca Stone's fabulous The Mobius Strip Club of Grief.If you haven't seen the 20th anniversary edition of Richard Siken's Crush, check it out here. Check out Nighboat's Rob Halpern's Music for Porn Read Jenny Johnson's essay "Butch Blow Job" in Bomb.
¿Proteger el patrimonio histórico de Montevideo o construir el patrimonio del futuro de esta ciudad? ¿Conservar lo que los vecinos conocen y aman en su barrio, aunque no tenga valor arquitectónico o artístico para la academia? ¿Cómo mantener viva una ciudad sin que esa ciudad deje de ser la que es? Esas son algunas de las preguntas que plantea la película Montevideo Inolvidable, o de las que uno puede hacerse cuando sale del cine, mientras camina mirando hacia arriba, observando esa parte de las casas y los edificios que no siempre registramos. Este documental, que se estrenó cines el mes pasado y sigue en cartel, es un paso más en el ya vasto camino recorrido por el artista visual Alfredo Ghierra, quien desde hace advierte que en nombre del progreso Montevideo está perdiendo su valor patrimonial y así su propia identidad. Lo hacía antes con su proyecto Ghierra Intendente, y lo hace ahora en la pantalla grande. El viernes pasado, en entrevista aquí En Perspectiva, Ghierra señalaba no solo a los gobernantes sino también a buena parte de la gente por ese proceso que él percibe. -Para la sociedad uruguaya, el éxito no pasa por vivir en una de estas casas antiguas y regodearse con los estilos del pasado. El éxito pasa por vivir en un apartamento nuevo, con mucha seguridad, con amenities... Amenities es la palabra mágica últimamente, ¿no? Entonces ahí hay un... ¿Qué está eligiendo la gente? Bueno, está eligiendo, por un lado, lo que se le ofrece mayoritariamente, pero tampoco se está educando la gente en cuestiones de esta índole más visual o más... -¿Le falta marketing al reciclaje? -Le falta marketing al amor por Montevideo. La Tertulia de los Viernes con Víctor Ganón, Juan Grompone, Carolina Porley y Mariana Wainstein.
Today's Flash Back Friday episode is from #660 that originally aired on Oct. 23, 2023. Join us as Alex Jarbo, the visionary founder and CEO of Sargon Investments, takes us on a journey into the world of short-term rental resort development. With an MBA in real estate development, a distinguished history as a Marine, and a prominent presence in the real estate investing community, Alex shares his expertise in a special episode. Discover how he masterfully manages his current and upcoming luxury short-term vacation rentals, including an exciting treehouse project. Dive into the world of short-term rentals with Alex Jarbo on the YouTube channel "Alex Builds," and gain insights from the industry's best. Quote: “I hate it when I talk to someone and I'm like, “Oh what business are you in or what type of real estate they're in and they say, “I'm in AirBnBs.” That's the wrong answer. What I say is I'm in vacation rentals, short term rentals, or what I started saying in the last six months is, “I'm in hospitality.” “Every single one of your guests is an influencer, because they have their own following.“ Highlights: 7:50: Post-COVID, what is the revenue like in short term rentals? 12:30: From an owner's perspective 19:40: Treehouse community project 24:00: Amenities people expect 27:30: How to navigate uncertainties Connect with Alex: alexjarbo.com Openatlas.investments https://www.youtube.com/@AlexBuilds1 Recommended Resources: Accredited Investors, you're invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club! If you're a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team. Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com. Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast.
Adding levels to existing homes can be lucrative for flipping homes, especially when your market is saturated with older homes. On this episode of Zen and the Art of Real Estate Investing, Jonathan welcomes returning guest Gabe DaSilva back to the show. Gabe is the founder and president of the DaSilva Group. He is also the founder of the Add-A-Level Bus Tour, Fix & Flip Foundation, Real Estate Riches Mastermind, and Learn & Earn with the DaSilva Group. Jonathan and Gabe begin their conversation with how Gabe continues to be successful with home flips despite limited inventory and high interest rates. You'll hear about Gabe's competitive advantage, how he uses systems, syndication, and clustering to increase profitability, and how he's using Zillow Builder and the MLS as sales tools. He explains what you need to know before adding a level to an older home, the amenities that can help a property reach its full potential, and the rise in multigenerational living as homes increase in price. Jonathan and Gabe discuss the challenges higher interest rates present in the market, the benefits of adding levels to homes, and how Gabe qualifies a market for his flips. He shares what he looks for in a home's location, what you can learn from the Add-A-Level Bus Tour he hosts twice a year, and the importance of grit in a successful investor. Adding a level to an older home is a creative way to increase its value and stand out in a market with limited inventory. Gabe DaSilva teaches new investors how to leverage this strategy successfully. In this episode, you will hear: How Gabe DaSilva continues to find success with flipping despite limited inventory and high interest rates The competitive advantage he has due to his reputation Systems, syndication, and clustering when flipping properties Gabe's use of Zillow Builder and the MLS as sales tools and building a narrative around the home What you need to know when adding a level to an older home The components a basement needs to be considered as additional square footage in a home Amenities that help a property reach its max potential The rise in multigenerational living The challenges that higher interest rates are presenting in home sales Benefits of adding levels to homes to increase their value Qualifying a market for flips and determining whether or not a location works The bus tour Gabe hosts twice a year for investors, and what people can learn from it Why grit is crucial for the students in Gabe's program Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/229/ to download it. Supporting Resources: Gave DaSilva's website - www.gabedasilva.com Gabe's YouTube channel - www.youtube.com/gabedasilva Find Gabe on Facebook - www.facebook.com/RealGabeDaSilva Gabe's Instagram - www.instagram.com/realgabedasilva Connect with Gabe DaSilva on LinkedIn - www.linkedin.com/in/gabedasilva Fix and Flip Syndicate - www.thefixandflipsyndicate.com/group Get the “Flip Tips” book - www.fliptipbook.com/optin1651100941998123 Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.
This week, a new episode of So You Wanna... This time Stomp's "stomping" ground - Welch Dickey! A Gem of a hike near Waterville Valley. Stomp breaks down all the details! Will be back next week for Episode 190. Show Notes How to get there: Orris Rd., Thornton NH Nearest Towns: Campton, WV, Plymouth, Lincoln/ Woodstock Historical Notes: Thornton was incorporated on July 6, 1763, and named for Doctor Matthew Thornton, a signer of the Declaration of Independence.[4] Historical Markers Nearby: None listed Good Eats Nearby: Bergie Junior Seafood Market - Tartaglia's - Valley Chop House Good Brews Nearby: Dam Brew House;https://www.fugaky.com/find-us.html Fugaki Overnight Accommodations: AirBNB range from $150 to $500. Plenty of options in WV. Parking - Access Roads: Trailhead Description, Size: Fits approx 70-80 vehicles. Orris rd. Parking allowed at times but can be limited during peak visitation times such as foliage. Amenities, Privies: YES, year round Fees: $5 dollars daily.
What if you could increase bookings and nightly rates just by adding the right amenities? In this episode of Cash Flow Positive, Kenny Bedwell is joined by short-term rental expert Jose Cornejo to break down the real impact of STR amenities—and how to choose the ones that actually move the needle.With 18+ years of experience in the STR industry, Jose has built and managed lakefront homes in the Poconos, beachfront rentals in the Outer Banks, and additional properties in Kentucky. He started before Airbnb and Vrbo even existed, learning firsthand how smart pricing, marketing, and amenities can turn a property into a revenue-generating machine.Jose shares his insights on why not all amenities increase revenue, how seasonal upgrades can impact demand, and why marketing your amenities properly is just as important as offering them. He also discusses the biggest mistakes investors make when upgrading their properties and how to create an experience that justifies premium pricing.If you're looking for data-backed strategies to maximize revenue and optimize guest experience, this episode will help you stand out in the crowded STR market and boost your bottom line. Enjoy!In This Episode You'll Learn:How strategic amenities increase bookings and nightly ratesWhy pictures are just as powerful as physical amenitiesThe surprising impact of seasonal amenities on guest demandHow to create a guest experience that justifies premium pricingWhy marketing your amenities properly is the real game-changerHow investing in the right upgrades can pay off quicklyAnd much more…Resources:Connect with Kenny on LinkedInFollow Kenny on InstagramConnect with Jose on LinkedInCornejoRentals.com
Which amenities actually increase revenue in short-term rentals—and which ones are just a waste of money? In this solo episode of Cash Flow Positive, Kenny Bedwell breaks down the three types of amenities that move the needle: those that increase occupancy, boost ADR (average daily rate), or improve guest experience.Kenny shares real data and case studies on what amenities truly impact bookings and pricing, revealing the biggest mistakes hosts make when choosing upgrades. He also explains how to market amenities effectively, why seasonal amenities can be a game-changer, and how five-star reviews directly impact revenue.If you're thinking about investing in amenities to stand out in a crowded market, this episode will help you make the smartest decisions to maximize profits.In This Episode You'll Learn:The three types of amenities: occupancy boosters, ADR boosters, and guest experience enhancersWhy not all amenities increase revenue—and how to identify the ones that doThe impact of seasonal amenities and when they actually generate bookingsHow to market your amenities properly to get the most value out of themWhy five-star reviews are worth $189 each—and how to get more of themHow small guest experience improvements can significantly impact long-term revenueAnd much more…Resources:Connect with Kenny on LinkedInFollow Kenny on InstagramEpisode Mentioned:Part 2: How to buy deals out-of-state with Jeana Deninger
Are you relying on your amenities to book your short-term rental? Saying “We have a hot tub” or “We have a sauna” is fine—but it won't set you apart in a crowded market. (Trust me, there's a better way!) In this episode, we're talking about how to move beyond a basic amenities list and: ✔️ Create a branded guest experience that makes your rental unforgettable ✔️ Sell the story of your stay so guests feel emotionally connected before they even book ✔️ Use simple, strategic tweaks to increase demand and justify premium pricing The goal? To make your rental the only choice for your ideal guests—because they're not just booking a place to stay… they're booking an experience.
Practice asking about amenities in English
Learn to ask about amenities in English
Full episode w/ Nathan (Looming Totality/Y2K_Mindset) on the ideas and sociology of Megalopolis, his hypothesis on the Long 2014, the past decade of slop, and why utopian thinking is goodDavid Graeber, Elective Affinities by Goethe, The Theory of the Leisure Class: An Economic Study of Institutions (1899), by Thorstein Veblen, The Chalice and the Blade by Riane Eisler, Nixon shock/OPEC crisis, Axial Age, The Lord of the Rings - Boris Groys, Sports Gambling, Linux, Creative Commons movement, "This was made for me"
In this episode of Go Gaddis Real Estate Radio, Cleve Gaddis highlights Cambridge Park in Brookhaven, a sought-after neighborhood, along with a must-visit wine tasting experience in the area. Plus, we discuss how worry-free guarantees can make selling your home a stress-free process.
Guest host Robin Gill talks to Andrew Charney, Director of Residential Assets Management, Peterson Rentals Learn more about your ad choices. Visit megaphone.fm/adchoices
We're back and talking hardcore: The Massacred, Dead On Your Feet, Who Remembers, Rain On The Parade, Rancor, Disaster, Buried Alive, Trial, and more. Sergio from Amenity joins us for the interview.Check the website for playlists, our links, and SMASH that Patreon button:185milessouth.compatreon.com/185milessouthWe are on Substack (sometimes) writing about punk and hardcore:185milessouth.substack.comGet at me: 185milessouth@gmail.comSupport the show
Is now finally the time to get back into Airbnb investing? We all knew about the Airbnb bubble that formed shortly after lockdowns. With low interest rates and local vacationing exploding, everyone wanted to cash in on the short-term rental craze. The result? Inexperienced hosts flooded the market with half-baked Airbnb listings, leading to an oversaturation in vacation rentals and stricter short-term rental laws. But things are beginning to change. Avery Carl, arguably the most knowledgeable short-term rental investor in the country and author of Smarter Short-Term Rentals, has NEVER sold a vacation rental due to poor performance. In fact, she's stayed booked and busy while new short-term rental investors struggle to fill their units. How does she do it? And why does she think now is the time to double down on traditional vacation rental markets? Avery gives her expert advice on where (and what) to buy, how to boost your Airbnb bookings even in crowded markets, and why you don't need every amenity under the sun to attract guests. Plus, why are Airbnb bans a good thing? Avery shares why some investors will thrive while others fight to survive in the new short-term rental space. Take advantage of the new Airbnb upside with Avery's book Smarter Short-Term Rentals. In This Episode We Cover: Short-term rental market update and why Avery believes “stabilization” is here Why newbies are too scared to get into Airbnb investing (and how you can take advantage) Picking an Airbnb market and why you can't follow the “top markets” lists What to do if your short-term rental is underperforming and you can't get guests Are Airbnb bans a good thing? Which markets will benefit because of it? And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust Grab Avery's New Book, “Smarter Short-Term Rentals” Find an Investor-Friendly Agent in Your Area How to Analyze a Short Term Rental Investment (The Enemy Method) Connect with Avery Connect with Dave (00:00) Intro (01:43) Short-Term Rental Market Update (04:54) Newbies Scared Off? (06:52) What to Buy Right Now (09:52) Picking an Airbnb Market (12:10) RELAX with the Amenities (17:42) Is Your Airbnb Underperforming? (23:57) Future of Short-Term Rentals (27:45) Grab Avery's Book! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1082 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Keith shares the top amenities tenants want in rental units, based on a survey by GreyStar with over 90,000 responses. He's joined by long-time friends of the show, Terry and Liz to discuss investment strategies, emphasizing the importance of buying properties in the "sweet spot" and the benefits of allowing pets, which can lead to longer tenant stays. They also touch on: Trade-offs Between Buying Multiple Cheap Properties vs. One Expensive Property Quality of Properties and Tenant Demographics Screening Tenants and Handling Pets New Construction vs. Renovated Properties Investor Life Cycle and Exit Strategies Resources: Visit MidSouthHomeBuyers.com and explore their investment opportunities. Show Notes: GetRichEducation.com/540 GRE Free Investment Coaching:GREmarketplace.com/Coach For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE! I'm your host, Keith Weinhold. What are the features that tenants want in their rental units today, and what amenities are most profitable for real estate investors? Bedroom, count, bathroom, count, cover, parking, pet policy and more, what matters what doesn't, and how do you optimize operations to maximize your profit? It's a conversation with me and two terrific real estate pro guests today on get rich education. Speaker 1 0:31 Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, who delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests and key top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com Corey Coates 1:17 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold 1:33 Welcome to GRE from Tacoma, Washington to the took pony Palmyra bridge spanning the Delaware out of Philadelphia and across 188 nations worldwide. I'm Keith Weinhold, and this is get rich education, the voice of real estate investing Since 2014 I'm grateful for your faithful listenership. If you're new around here, join in at GRE we do this one big headline show every week, never more, never fewer, and truly, every single week for more than 10 years now, let's talk about amenities that tenants want in apartments today, before we pivot to discussing properties in general and single family homes in our conversation coming shortly. Now, you might have heard of GrayStar before they are international real estate developers and managers, well, they received more than 90,000 survey responses from apartment tenants on their most preferred features and amenities. So we've got a good sample size here, and Gray star compiled the top 20. Let's just hit the top five. This is important, because your tenant is your customer, and when you serve them, you're not only making them happy, you yourself are positioned to be more profitable long term. Here we go. The number one preferred feature is, do you have any guess what tenants want? It's the walk in closet. 51% of apartment tenants said that they are interested in this feature, and 37% would not rent an apartment without it. On average, they're willing to pay a $75 a month premium, and the survey shows that this is particularly important in Dallas and Miami, where over half said that they would not rent without it. The second most important amenity to apartment tenants is large windows with abundant natural light. 56% that they're interested in this feature. 31% would not rent an apartment without it, and on average, they're willing to pay an $80 a month premium for the large windows. When you think about how more tenants work from home today than five years ago? Well, big windows make more sense. Third most important is fresh air ventilation. 69% said that they're interested in it, and on average, they're willing to pay a $79 per month premium. The highest demand for fresh air ventilation is in Seattle, San Francisco and San Jose. We're talking about the top five amenities that apartment tenants want today in order, the fourth most important one is covered parking or a garage. 52% said that they're interested in this feature. Fully a third would not rent an apartment without it, and on average, they're willing to pay a $75 a month premium, and this is most important in urban areas with a covered parking or garage, where 42% will not rent a unit without it, in those urban areas. And then the fifth one is high efficiency appliances, 71% said they're interested in this feature. On average, they're willing to pay a $79 a month premium, and this, this high efficiency appliance thing, is more important for the high income tenant segment. So there they are, the top five features and amenities that. Apartment tenants want today. So to review, in order, it's a walk in closet, big windows, fresh air, ventilation, covered parking or a garage, and finally, high efficiency appliances. And listen in as I'll have a robust discussion with two season real estate pros. We're going to go beyond apartments about the features that tenants and real estate investors alike want today, and at times, they will talk about their home markets of Memphis, Tennessee and Little Rock, Arkansas, which are some of the most investor advantaged markets anywhere. And you'll have to calibrate some of these numbers to your market, because in these places, the typical single family rental purchase is just 100 to 200k and rent is between$900 and 1600 and at other times, we will talk more nationally and globally. Hey, well, I'd like to welcome in long time friends of the show, with the emphasis on long time since they were first here with us, more than 10 years ago on episode nine in 2014 those ever steady quality property providers from Memphis, Tennessee, mid south homebuyers, it's the return of their principal, Terry Kerr and investor relations lead, Liz Nalen, Terry and Liz, welcome back. Terry Kerr 6:25 Thank you, Keith. It's great to be here. Thanks so much, Keith, great to be back. Keith Weinhold 6:28 Yes, it's beginning to feel like a high school class reunion or something. I anticipate my high school class reunions just like I anticipate our discussion today. Let's talk about your individual takes on investment philosophy, common investor mistakes, and is some investor conventional wisdom true, or is it not? Because there's probably some of that that we have to debunk, I think a common one. And I know you get that question in there from investors and our listeners, you had that conversation it was it better to buy two cheap properties or one expensive property talk to us about some of those trade offs. Liz Nowlin 7:07 It's such an interesting thing, and there's so many factors you can look at. I broke it down for myself personally. Probably 12 years ago, I was asking myself that question as an investor and I ran 2 $50,000 houses, I'm dating myself against $100,000 house, and even when I manipulated the appreciation for the $100,000 house at the higher rate. And actually, we've been talking about investor conventional wisdom, and that is actually a piece of conventional wisdom I've not seen hold true as much, but that a higher end neighborhood is going to appreciate a more rapid pace than a more blue collar neighborhood. So that, as a side note, is a piece of conventional wisdom that I've seen a bit debunked, but it really ramping up the appreciation on the $100,000 house. I think I put it at reselling at like 180 or 190 down the line, and I put my $50,000 houses at maybe 90. You know, not as aggressive for me. Two houses beat one, every kind of way that I shook it out. And of course, the 50,000s had lower individual cash flows, but still, I think matching or higher than the 100. And the one thing I'm not sure that I put in there is two water heaters versus one water heater, two furnaces versus one, but running the same maintenance in general for them. Terry, what do you think Terry Kerr 8:32 I started out buying houses a little bit lower than I should and what I mean a little bit lower like and a little bit lower quality neighborhoods, and quickly learned that you can't buy too low, you know, you got to buy them, you know, in the sweet spot. So I bought in the A class areas. I bought in the areas that were a little too low, and then found the sweet spot. And then within the sweet spot, I've got a bunch of houses that are in the mid range where we typically operate, and personally, I've also got a bunch of duplexes. I like duplexes. So whether that's duplexes or a little bit upper or a little bit lower, personally, I like a mix of them. And I'm a buy and hold guy. So the stuff that I buy and hold I'm holding for the extra long time, initially, right out of the gate, you've got to look at things like cost segregation, closing costs and all that kind of deal. So really, everyone kind of needs to run their own numbers, because what might make sense for one person just might not make sense for someone else. And again, I'm kind of all over the board. You factor in how much you're going to spend in closing costs, how long do you intend to hold the property? What's it going to cost to sell the property in 1015, 20 years. But again, the cost segregation and just everyone needs to kind of run their own numbers. I think. Speaker 2 9:47 closing costs times two versus times one is an interesting point. Paying to mow a yard is paying to mow a yard. But then you get into another rub that I think I put them I don't think I did a square footage variation, but I like smaller Homes. It's less on paint. It's less on vacant utilities. The lower your rent is to a degree, the more people can afford to rent it, and the more recession proof you are, in my opinion. And I wasn't running through that as well, but in my antique valuation from 2012 that $100,000 house is going to be bigger often than the littler guys for the rent. Not you know, you can have a play between neighborhood quality and size of house with rents, which is a determining price. But Keith, what do you think two or one? Keith Weinhold 10:33 Yeah, the two thing versus one thing has a lot of trade offs. As an investor, I think about the advantages of where one is going to have less management, even though I use a property manager, but with respect to the size of the property, I think a lot of us know, and the new investor doesn't know, say, a 1500 square foot unit versus a 3000 square foot rental unit. Well, with the 3000 you often have twice the maintenance, but you only get a little more in rent income. So depending on the market you're in, typically something more like a 1500 square foot rental unit is going to work out better. Terry Kerr 11:06 Yep, I agree. And then also, another one of the things that I found out is buying houses a little too far up market going to be renting to folks that are more apt to buy a house, right? And so you might have more turnover and a more expensive house just because it's in, you're renting in an area where folks may just not stay as long. And one of the things that that, of course, we like about Memphis is it's predominantly a rental market, so we're able to kind of have the best of both worlds there. But Liz Nowlin 11:32 kind of, going back to investor conventional wisdom, I think a common mistake, or maybe a mistake isn't the right word, but I hear investors say that they would not buy a house that they would not live in, and I find that they tend to be very expansive times of their life. They often have young children are possibly planning to do it. And one of the best renters I ever had was a little old lady on Social Security, on a fixed income. She lived in my house for seven years. She paid on time like crazy. She added a garden that my home didn't have, and she would have never paid the extra $25 a month that a second bathroom would have called for from that property. And people forget that you'd people downsize as much as they upsize. There's divorce or just retirement, there's empty nesters. Families shift down as much as they shift up. Because investors are often they're talking to me from their four bedroom, two bath house, and they couldn't conceive of renting a smaller thing long term. They just kind of missed that aspect. Keith Weinhold 12:38 Right for me, it's definitely not a criterion. Would I live in the property myself? And that makes it eligible to hold as a rental? No, it's just the opposite. Really. I don't think any of my rentals are ones that I would prefer to live in, because it wouldn't upgrade my lifestyle. Yet, it's still doing the clean, safe, affordable, functional housing thing. We're talking about the quality of properties here. Class A, properties are deemed the best class, D, the worst. What are your thoughts? Is B class better than C class? And is a really the best of all? I mean, for example, do you get better renters in a class, or are they finicky and then they have the means to move out and go buy their own place, if they have a 790 credit score and they're living in a class a unit, what are your thoughts here? Terry Kerr 13:22 I think c plus to b minus is the sweet spot. You get into the a plus. Like you said, there's going to be more turnover, because folks are going to be buying houses, and then you've got expensive appliances that you're going to be responsible for fixing in and a lot of A plus neighborhoods, but the C minus, and I can only really truly speak to Memphis and Little Rock, but the C minus the B plus I feel is the sweet spot that's for the size of the property, as well as the typical length of rentership. Liz Nowlin 13:52 I managed a class for about a decade before I came to work for Terry in 2009 and we ran a great ship, and we had a great, beautiful high rise, but a year was really the average stay a class renters are more litigious. I was operating a building next to a law school, and I had young lawyers and law students, but that's going to be true in any kind of a class area. When you're paying a rent of that amount you are going to call in a work order because the doorknob is slightly loose, a lot of it. And very interestingly, I think we still had some collection issues, even renting to nurses, lawyers, just a small percentage. It's the dark side of property management. But I saw alcoholism, divorce just in a small percentage. But it doesn't wipe it out the way that you would think it would. I've seen college students going to WashU and Ivy League level stuff leave apartments in terrible, terrible conditions. Think that's another kind of investor myth around that Terry Kerr 14:52 the blue collar folks that we're renting to here in Memphis and Little Rock, they're not going to call us for the loose doorknob. They're just going to pull out the screwdriver. And fix it, just to kind of piggyback on that. It's another one of the benefits of operating in that space Speaker 2 15:05 lawn care. It's a little thing, but everything adds up, right? Like our renters are going to mow their own lawns and they expect it, and it's how it was at their last place. You're not pulling that off at the high high end Keith Weinhold 15:16 when you're screening tenants. Do you have the ability to tell when someone is going to look after the place better, and because a lot of the single family home rentals that you do, I mean the tenants, for example, are even responsible for taking care of their lawn, or are they going to be responsible enough to call in a leak, but not so annoying that they're going to call you to adjust the kitchen cabinet door that's a little bit loose. So how can you help screen tenants to learn some of those things before they even move in. Speaker 2 15:43 Our typical renter is coming to us from another single family home, and so one of the kind of unique ways that we screen tenants is that you have to have immediate landlord history. It's like with a lot of places, if you go rent somewhere for a couple years, you leave in good standing, you come and live with your mom for a year, everybody else in town would accept that positive rental history from a prior place. But one thing that that I love about working here and then what we do is that being in business for 24 years, we've had a lot of chances to kind of do things the wrong way and figure out how to do it right. And they Terry instituted a system in the early years, where any time a renter fell off the rails, they would look back through that file, was there anything? Was there anything that could have predicted that? And sometimes the answer is no, and it's just the first time somebody's hit hard times. But one of the things they found is, well, hey, this guy hadn't paid rent in a year. He did have good rental history, but he hadn't paid rent in a year, and then that bill, he'd gotten used to not paying so much, and so that just helps. Terry Kerr 16:47 Absolutely Keith Weinhold 16:48 yes, getting that reference from their current or previous landlord can give you so much on what the expectations are going to be for the tenancy there in their place. And then, of course, there's a whole thing where, if you're talking to the current landlord and they're trying to move out, you're really trying to get to the bottom of the things and just find out if their current landlord wants them to move out because they can't get pay, or they're doing something nefarious. They're not paying rent, or something like that. That's sort of something that one needs to decipher as well. But of course, the history is going to help project the future better than anything else. And one thing we're talking about the operations of properties, and you sort of touched on it. Liz, where you had that tenant that started her own garden, she's someone that wouldn't care to pay more for a second bathroom. So why don't we talk about some of the pros and cons with the bathroom? Are two bathrooms always better than one, or is it just one more place to have maintenance and repair problems? Speaker 2 17:40 real quick, just back on the other thing, for all the philosophies that you can bring, the guy that I worked for before, Terry never did any landlord verifications, because the worst renter he ever had was personally dropped off at the property by the prior landlord. Keith Weinhold 17:56 Oh my gosh, making it easy for him. And he said, I'm done Speaker 2 17:59 so anyway, but the bathrooms is such a hot spot, there's definitely the second bathroom rules crowd. And then I've seen a seasoned investor that says that's just one more toilet to clog. Terry Kerr 18:14 Yeah, but I would say that right now, I'm pretty sure that the property that I have on Powell is the longest resident I've ever had. She moved in 11 years ago, is still there. It's the smallest house that I own. It's like 794 square feet. It's tiny, and it's got just one bathroom. But she's single, and when she moved in, she said they're gonna have to carry me out of here. And I hope that's not for a long, long time. But like Liz mentioned, there are a lot of folks that just want one bathroom because they're just going to be living in their solo or even married couple. That is downsizing. So we have a mix, and we like to be able to have something, you know, for everyone. So our two bedroom baths perform very well, just like the three twos Keith Weinhold 18:58 I once owned three rental properties. They were all built the same way. There was one bathroom in each of them, which would have been okay for one or two people to live there, except the only bathroom in these two story places was on the second floor for all three of them, and that did prevent some people from renting it. They didn't like the fact that the only bathroom was upstairs. Yeah, that sounds terrible. Speaker 2 19:20 Another analogy that's too great, or something I experienced when people think that two bedrooms must be inherently less desirable than three. Kind of connecting to one versus two bathrooms. When I managed that a class high rise, I had a waiting list for my studio apartments. It was the cheapest way that you could live in that neighborhood, period. And I had a three or four month waiting list for the studio apartments. I had a little more trouble renting the one bedrooms and the most trouble renting the penthouse, frankly. And my point with that is that if you price it right, it will always work. You know, if my studios were the same price as my one bedrooms, and of course. Course, I would not have had a waiting list for them. And you know, we have that super unusual lifetime occupancy guarantee mid south it's that, you know, if your property is ever vacant for more than 90 days, we start paying your rent on the 91st day. And I'm often explaining to people that's not us actually being an insurance policy, though it's real, it's in writing, we will pay you if that happens. But what I'm really telling you is that these rents are real. The rent price is meant to perform, and that that's the point. Anything rents well and stays well rented if you price the rent correctly. Keith Weinhold 20:33 Well, that's an excellent point. We're talking about conventional investor wisdom and the operations of rental properties for investors, with Terry Kerr and Liz Nowlin from mid south homebuyers more than we come back, including is saying yes to pets worth it. This is Get Rich Education. I'm your host. Keith Weinhold hey, you can get your mortgage loans at the same place where I get mine, at Ridge lending group NMLS, 42056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. You can start your pre qualification and chat with President Caeli Ridge personally. Start Now while it's on your mind@ridgelendinggroup.com That's ridgelendinggroup.com Oh geez, the national average bank account pays less than 1% on your savings, so your bank is getting rich off of you. You've got to earn way more, or else you're losing your hard earned cash to inflation, let the liquidity fund help you put your money to work with minimum risk, your cash generates up to a 10% return and compounds year in and year out. Instead of earning less than 1% in your bank account, the minimum investment is just 25k you keep getting paid until you decide you want your money back, their decade plus track record proves they've always paid their investors 100% in full and on time. And you know how I'd know, because I'm an investor in this myself, earn 10% like me and GRE listeners are text FAMILY to 66866, to learn about freedom, family investments, liquidity fund, on your journey to financial freedom through passive income. Text FAMILY to 66866 John Lee Dumas 22:37 this is Entrepreneur on Fire, John Lee Dumas. Don't follow money. Make money. Follow you with get rich education. Keith Weinhold 22:56 Welcome back to get rich education. We're talking about efficient operations for real estate investors and the properties that they choose to put into their portfolio, and some of those trade offs with mid south home buyers Terry Kerr and Liz Nowlin. And one thing that seems to be increasingly popular, it sure isn't waning in the past few decades, is the prevalence of pets and tenants that apply and have a pet on there. So there are a lot of pros and cons here. What are your thoughts about pets? Is it worth it or not? Terry Kerr 23:28 It's worth it as long as you know what pet is going into the property and you charge a pet fee, amen. Speaker 2 23:36 I'm a dog lover personally. So I was a renter. I was a good renter with a dog, but you do run into the people I experienced this, where they had the one horror story, and they're like, I never want a pet environmental property again at the end of the day. And that's where you go into what type of pet and a non refundable pet deposit. But what you lose by excluding such a huge percentage of the population from retain your home is going to outweigh the risk of the one off bad pet owner. Terry Kerr 24:11 I agree. Keith Weinhold 24:12 We also get into questions of what's legal here. If one does say yes to pets, you mentioned a non refundable pet deposit, why don't you talk to us about the amount of that deposit in relation to the rent, and then can you, or do you also charge more rent monthly in addition to the non refundable pet deposit Terry Kerr 24:33 we charge a $250 non refundable pet fee, and that it tends to cover any issues with the pet but one of The things that I'll kind of piggyback on, what Liz said, is, not only are you excluding a large portion of the market, but we find that folks with pets, they just tend to stay in the property longer. I don't know why that is. I can look at my portfolio. I've not like examined all the houses that were managed. Thing, but I know that from with my portfolio, folks that get into the property with pets. I don't know why, but they just tend to stay longer. Liz Nowlin 25:07 I may have just had luck, but I have not had any significant pet damages from any of my renters with pets and and kind of more stable, stable folks sometimes. So I think it's worth it. You always understand the person that had the kind of the one bad story, but I really think you could mitigate it. Keith Weinhold 25:23 How about hiking up the rent amount for pets? Terry Kerr 25:23 We have not done that. It's not something that we've ever done before. I guess it's kind of a if it ain't broke, don't fix it, you know. But we want to be able to provide as much value as we can to the resident to have the leases renew. And so everything that we do, from a rehab standpoint and a property management standpoint, is geared towards resident renewal. I'm not saying we couldn't get maybe an extra 25 bucks a month, but at some point you cause yourself a longer vacancy because you're trying to find someone who's wanted to pay more because they have a pet or may not renew the lease, because they can find some place to go where the rent is cheaper and they're not being charged pet rent, if you will. Liz Nowlin 25:25 We charge pet rent at my a class high rise that I managed for a long time. You know, it's not 100% No, it's people complained bitterly about it. I think a pet deposit. Just they stomach it a little bit better. The theme of the show might be, there's a lot of different ways to skin the cat. I got more pushback about that rent charge working directly with the renties than kind of anything else. So I would say we should up the non refundable before we layer it onto the monthly personally Keith Weinhold 26:37 yeah, if it's paid one time, it seems to be less of an annoyance over time and forgotten. When we talk about pets and think about the long term, after a tenant with a pet moves out, can the place really be adequately cleaned for the next tenant? We know a lot of people are sensitive with allergies today. Terry Kerr 26:56 Well, fortunately, we bought our own carpet cleaning van. We know what we're doing in regards to, you know, cleaning carpets, and so absolutely you can clean them. I mean, don't get me wrong, there's always going to be like the one off every once in a blue moon, but definitely, you know, we're not throwing the baby out with the bath water there. And fortunately, we're able to mitigate that smells with the right chemicals and our own carpet cleaning van. It's rare that we have that issue. Keith Weinhold 27:22 Well, the other thing is, is that you're a turnkey real estate investing company, and for listeners that don't know what that means is you basically fix and flip properties at scale and sell them to investors. So what you do in that case, then, is you're using those resilient finishes that can stand up to pets better than if maybe a person were just doing this small scale on their own accord. Terry Kerr 27:45 That is true. So I can't really speak to what other property management companies experience or other individuals, but I do know that that's what we've done to mitigate the risk, and again, like I said, increase the likelihood of a lease renewal, that's the name of the game, right? Keith Weinhold 28:02 Saying yes to pets sure does increase your chances. And Terry and Liz, the three of us, have all been active real estate investors ourselves for quite a long time. And when we became real estate investors, new build properties, especially in the turnkey space, really weren't much of a thing, but today they are. There are build to rent communities and more. And you yourself, there have been more involved in new builds, although renovated properties is sort of your bread and butter business, but now that you've done both for a while, what are your thoughts with how you advise investors? Is the premium on new construction worth it? Are you just paying really upfront for the maintenance that you'd have on an existing property? So what are your thoughts with new versus renovated property? Liz Nowlin 28:46 I love that. So you know, if anybody goes to our website right now and looks at the available properties, you'll see some really gorgeous houses mixed in with our already pretty houses with a new construction label across the front of that exterior photo, and you're going to see beautifully updated kitchens. Our renovated kitchens are also super nice. But I get that question, you are going to pay a little bit more for a new build than a renovated property? And you know, Terry and I talked about it, there's a really cool, detailed 15 year pro forma that you can look at with every property. And we did turn up the appreciation for a new construction house. And of course, nobody has a crystal ball, but I really think that will hold true for our properties only. We actually didn't change the maintenance metrics solely because our renovated houses have all new roof, all new furnace, all new air condenser, all new water heater, and they're just as new on the renovated properties as the new construction for our renovations. We're replacing all the any galvanized plumbing, you know. We're doing so much new I think maybe we could change it by a half of a percent or something, you know, but we actually didn't change it because. Because of the depth of the renovation on our properties. Now I am planning to have my next purchase from mid south homebuyers be a new construction home. There's the premium on the front end for me, my thought, and again, this gets into individual investor strategies, but my son is three years old. I plan to leave my entire portfolio to him, and my simple thought about it is that, you know, I have wonderful performing properties, the oldest of which was built in 1927 actually, and a lot of my renovated. It's a gorgeous one, by the way, a beautiful neighborhood, and it's been a great property for me. A lot of my inventory was built in the 60s and 70s. But when I think about Rhett, my son, baby, selling a house in 30 years. I have a feeling that 2024, build is going to do him very well. What kind of buy and hold investor Are you? Are you a 15 year or you will leave them to your kids? That's an angle to think about for sure. Keith Weinhold 30:55 Well, actually, that's a great next thing to talk about the investor life cycle in the life cycle of a property that's in your portfolio. Talk to us more about when the right time is to sell an investment property. I mean, should we just buy and hold forever and leave it to our children, or is there an ideal exit time? So from your perspective, why don't you talk to us some more about that timing? Terry Kerr 31:18 And again, that's just going to be case by case, we've got folks that'll sell a house to put their kids through college. We have had folks to sell their houses when they need to move their parents into assisted living, folks that'll sell their houses when they're looking at retiring. It's typically, life happens and you've got that equity there, and when the time is right to tap it, it's nice to know it's there Liz Nowlin 31:44 lot of different ways to look at it. I've actually toured with selling my 1927 house in the next year or two, before that magic 100 year mark. Yes, for people, you know, and is that gonna do things? But really it's been a great little performer for me. I talk to investors so frequently, and I've heard more than one seasoned investor tell me they wish they'd never sold a single house they ever sold. Just wish, they wish they could hit a button and own everything they'd ever owned. And I'm a die hard buying holder, but I don't think there's a magic time in the sense of, you know, a question I get, maybe some from sometimes a newer investor is, when will my house need another renovation like the one you just did? And the answer is never right. We're going to cosmetically bring it back up between every renter every time. And so you're really just left working with the individual lifespans of those big components, right? And those are relatively staggered out, with maybe a water heater at the shortest, at a roof at the longest. And I think for the most part, this might vary per market. And Terry, I'd like to know your thoughts, but I think genuinely, you'll probably get a higher price by spending the money to replace versus selling for less having not replaced that item. You know. Say, trying to say, Okay, I'm going to sell in my roof is 29 years old, is probably better just replace it. Terry Kerr 33:04 Yep, I agree. Because you know, if I'm a buyer and I'm maybe not a flipper, but a buyer, and I'd rather buy a house and spend 100,000 bucks on a house that has a new roof, than buy a house for $94,000 with an old roof. Because I know that old roof, if it leaks, it can cause a lot more damage than just the cost of replacing the roof. So I agree. And from an ROI perspective, if I'm a financed investor, which about 80% of our investors are, I'm financing that new roof when I buy it with a mortgage, and I'm a great point pay out of pocket the next year. So that's a rub. And then very specific, of course, to our clientele. Terry, how much does it cost us to put a new roof on 1000 square foot house? 4500 bucks. That's we're putting on 700 new roofs a year. The roofers are paid by us by the hour. We are buying the shingles in bulk. And on top of that, we don't mark up maintenance and materials for our investors. So for that one story, 1000 square foot house, that's what my investor cost for us to put a new roof on for them is going to be but a potential buyer is going to look at that home and think it's a $7,000 roof that was great Keith Weinhold 34:17 to learn about how you renovate properties for investors between tenancies there, so that properties don't get excessively dated. And we've been talking about a lot of the physical things that go into a property with that investor deciding what their exit strategy is going to be. Another thing that informs me are the numbers. When I get to about 40% equity on a property, I know my leverage ratio has now been cut down to two and a half to one, and that's when I look to do something maybe a 1031, tax deferred exchange. Or alternately, if it's a property that I really like, do the cash out refinance, get a tax free windfall with the cash out refinance, and get to hold on to the property at the same time. So of course, that's another way to approach it From the number side, rather than so much the physical side. But there sure is a lot to consider there. And you brought up heirs as well. This has been a great chat about the operations of a property, and just how you advise investors in there. Is there maybe any other question that comes up from investors a lot of times with how they should approach a property and the pros and cons within Liz Nowlin 35:22 we've seen a lot of great growth, but when we're newer into a neighborhood that we've just kind of started putting our foot in as we stay we meaning mid south home buyers renovating and escalating those properties. That's where we've seen some of the biggest rent jumps and some of the biggest depreciation jumps, but it was kind of one of the lesser, prettier neighborhoods when we first offered that home to that investor, just kind of wrapping your head around all the different nuances to account for Terry Kerr 35:49 yep, buying the path of progress. And fortunately, we've been able to create some of that progress in the neighborhoods that we've worked in throughout the years. Keith Weinhold 35:56 If you're not sure where the path of progress is, and you buy on the line. A lot of times, you are the one that is creating that path of progress, and you've got enough bandwidth and volume in there to have actually done that on a number of occasions. How about something actionable? So many of our listeners have become investors there with mid south homebuyers. I imagine it is over 100 by now. So tell us about what you're doing, where you're active, between Memphis and Little Rock, renovated, new build. Really, where's the opportunity for an investor today? Liz Nowlin 36:31 I'm pretty proud of us. I'll admit we just closed out 2024 having sold 680 houses. Wow. To investors, many of your listeners, and we're very careful. We've always done a little bit more every year. We don't buy everything we could buy. I always say my acquisitions team is not out there thinking about me and my wait list. One of my favorite sayings of Terry's is, you know, pigs get fat, Hogs get slaughtered. And I love the slow, careful way that we do things, but it was still pretty cool to do 680 we're still about, I'd say 75% Memphis, Tennessee, 25% Little Rock. Terry Kerr 37:09 Yes, that's about, right? I would say also probably about maybe 15% new construction on 85% rehabs, maybe 20% new construction now, yeah Liz Nowlin 37:20 And our sweet spot is still, well, still, it's that 100,000 to 200,000 that that window has slowly moved up through the years, very much to the benefit of investors as their investment seasons with time. I think we were 46,000 to 86,000 when I started in 2009 so been awesome to see the growth Memphis and Little Rock has had and so yeah, we're still kind of cash flow first appreciation is the icing on the cupcake. There are cupcakes have had more icing than we ever anticipated. If you go to midsouthhomebuyers.com and click on those available properties, they are under contract to investors at the top of the wait list, but they are identical to the houses I will have for anyone that is listening. We're so formulaic, 365 days a year, the cheapest house I may ever have is on that website. The same for the most expensive. We have just kind of figured out what works, and we hit it hard. And you can see the running theme with the kitchens and everything else. Keith Weinhold 38:22 Well, congratulations on the total volume that you did last year. That's almost two homes a day, including weekends and holidays and everything else. That's really terrific. Yes, I, for the listeners here, have often, over the years, made these examples using a 100k property, but inflation and appreciation has also made it such that I can't do that anymore, maybe, just maybe in Memphis and Little Rock, I still can for a decent rehabbed property in a pride of ownership neighborhood for as little as 100k and that's one reason why so many investors have made mid south home buyers the place that they go for their First ever Income Property across state lines. They really know how to serve that audience, and you've been doing that for our audience for more than a decade now, and you continue to have this really robust interaction with investors. Liz, you do a lot of phone calls with people. You're really proud about what you do there. So proud that you offer field trips, Speaker 2 39:19 please. I hope folks come so many folks never do so. If for anyone that prefers to do it from your living room, you are in the 95% norm if you never come to town. But man, it pushes folks confidence through the roof. So many of my investors are from high cost of living areas where you cannot get a parking spot in a war zone for the price that we are selling fully renovated houses, we have a deposit taken for a renter from every house I ever offer that really is cash flow from day one, and folks will really see the neighborhoods and that. I can't stress that enough. In fact, one thing that happens so if folks come up, you can sign up for the tours right on the website. It's on the far right, says, come visit us. This, you'll see a drop down with all the dates we do, monthly tours in Memphis and quarterly tours in Little Rock the day before. So you can come out and hit both. You kind of do a Thursday, Friday tour. You'll tour facilities. You'll see the warehouse and all that kind of stuff that I'll find. You know, our vans, we pull it, throw everybody in vans. We're listening to Memphis music and talking the whole tour, and people will want to pour out of that van right into the house. And I actually back everybody back out. I back them back into the front yard. I want to talk to you there and say, look left, look right. This is $120,000 neighborhood. Y'all. I can send you photos of the inside of the house all day, and you're going to get the same great house whether you buy from your living room. But I love it when people get to see that. I'll go ahead and say we do give gift cards to the best barbecue in town at the end of the tour, in addition to a $500 closing cost credit, just as a thank you for coming out and yeah, I love the tours. Keith Weinhold 40:53 I really appreciate the two of you. Here we are, the three of us, more than a decade after we started talking about the properties and what you offer investors here, and it's just rare to have continuity like that. You can learn more at midsouthhomebuyers.com Terry and Liz, it's been valuable as always. Terry Kerr 41:13 Thanks so much, Keith. Always enjoy it Keith Weinhold 41:15 when we talked about pets, did Liz say something about skinning the cat? That would have to be one of the worst pet policies that I have ever heard of. And yeah, I think that long term, you know, the three bed, two bath style that has been so popular in rentals. But today, there are fewer occupants per household than there was 10 years ago and 20 years ago. Okay, that has long been a national trend. So in a lot of instances, two bedrooms can be better than three and one bathroom can be better than two, especially in that case of a sole occupant. And do you know where your best feedback is gonna come from? From what would most improve your unit's appeal to the market? It is not an online resource at all. It is from a showing where your tenant prospect did not want your unit. They know they are in the market. In fact, they are more aware and in tune with the market than you are, because they might have looked at, say, five units in just the last two days, and they might have done that in person. So they will tell you why they did not want the unit, whether the rents too high, or they don't like the parking situation, or your place needs to be closer to the train station, or your only bathroom is upstairs, something that reduced appeal for some of my own properties in the past. But yeah, this, I'll call it an exit interview of your prospective tenant. I mean, that is valuable, or you can have your manager do it well, the one place that really knows what tenants and investors want is with Terry and Liz there. That's why they have been in business since 2002 with 1000s of investors like you. And it's also why when there is an investor wait list for their properties, and you get to the top of the wait list and close on your property, so many investors just get right back in line on the bottom of their list and work the way up again for their next property. They get lots of repeat business. You can do this too. Get started at midsouthhomebuyers.com Until next week, I'm your host. Keith Weinhold, don't quit your Daydream. Speaker 3 43:49 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively, Keith Weinhold 44:17 The preceding program was brought to you by your home for wealth, building, get rich, education.com
Braves Sr. VP of Operations Hannah Basinger stops by to preview a huge season of giveaways, bobbleheads and new events coming for the 2025 season
In this episode of the RE Social Podcast, hosts Andrew McCormick and Vince Rodriguez interview Jeff Chheuy, a San Diego-based investor who made the leap from his pharmacy career to full-time real estate investing. Jeff shares how his family's real estate background and his own drive led him to focus on long-distance investments, highlighting the financial benefits of targeting smaller markets. He dives into the strategies that help him maximize returns, including leveraging credit, working effectively with contractors, and staying ahead of state regulations. He also talks about the importance of mentorship, overcoming challenges, and building a solid foundation for long-term success. Don't miss this episode packed with actionable advice and inspiration. Listen to this episode now! Key Takeaways 00:00:00Welcome to the RE Social Podcast 00:00:21Jeff's Background and Career Shift 00:02:56His First Steps in Real Estate 00:05:40Lessons from Early Investments 00:08:56Challenges and Successes in STRs 00:11:08How to Explore New Markets 00:14:46West Virginia Investment Insights 00:21:03How to Use an Airbnb Calculator 00:25:43What to Focus on as an Investor 00:33:07Financing and Loan Strategies 00:38:31Property Details and Amenities 00:40:59Revenue and Refinancing 00:52:42Challenges with Contractors 00:58:15Real Estate Market Insights 01:02:21Future Plans and Advice 01:08:05How to Connect with Jeff Resources and Links Airbnb Calculator https://rabbu.com/ Connect with Jeff https://www.instagram.com/jeffchheuy/ https://www.youtube.com/@jeffchheuy https://teeco.co/who-we-are Need Help? BOOK A CALL: https://anviinvest.com/consulting/ Learn more about AnVi Invest
Building Places | People, Cities and the Future of Real Estate
Can the humble honeybee transform commercial real estate? In a special documentary edition of Trends and Insights, we traveled to Montreal to explore how Alvéole, a pioneer in urban beekeeping, is using bees and beehives to redefine the connections between tenants and the urban environment. We spoke with Declan Rankin Jardin, co-founder of Alvéole, about how urban beekeeping is transforming commercial real estate amenities and providing valuable environmental data for buildings. Subscribe: Apple Podcasts | Spotify | Google Podcasts Leave a message on the podcast hotline. We may use it on an upcoming show. Call (602) 633-4061. Or email us at trendspodcast@JLL.com. Get more insights about commercial real estate here.
In this episode of The Retail Pilot, Ken Pilot welcomes back Stephen Yalof, President and CEO of Tanger, Inc. With over 25 years of experience in the commercial real estate industry, Stephen shares insights into Tanger's growth strategies, the evolution of retail spaces, and how the company is adapting to changing consumer behaviors. From expanding into full-price lifestyle centers to enhancing customer experiences through digital innovation and loyalty programs, Stephen provides a comprehensive look at Tanger's journey and future direction. Key Topics Discussed 1. Tanger's Recent Successes Performance Highlights: Tanger achieved a 4.3% increase in net operating income (NOI) and a 97.4% occupancy rate. The company executed 543 leases covering 2.6 million square feet over the past year. Expansion Efforts: Recent acquisitions include The Promenade at Chenal in Little Rock, Arkansas, which features the only Apple Store in the state. 2. Growth Strategy Diversification: While maintaining its core outlet business, Tanger is expanding into full-price open-air lifestyle centers that include specialty stores, grocery anchors, and other amenities. Acquisition Focus: Stephen emphasized the importance of acquiring high-quality properties in strategic markets to leverage existing regional management teams. 3. Enhancing Customer Experience Tanger Club Loyalty Program: A tiered membership program offering discounts and perks for shoppers. Members can choose between free or paid memberships ($20 annually) for additional benefits. Digital Integration: Introduction of QR codes for real-time offers and digital savings passports, replacing outdated coupon books. Amenities and Entertainment: Investments in food offerings, gathering spaces, and entertainment options like pickleball courts to create a more engaging shopping experience. 4. Industry Trends Blending Physical and Digital Retail: Tanger is exploring e-commerce integration as part of its long-term strategy while using digital tools to enhance in-store experiences. Health & Beauty Brands: Increased presence of brands like Sephora and Ulta in outlet environments, offering regular-priced products alongside experiential services. 5. Leadership and Team Building Talent Development: Stephen emphasizes hiring complementary skill sets to address organizational blind spots and promoting from within to keep employees motivated. Communication Practices: Regular town halls, employee resource groups (ERGs), and an intranet ensure transparency and engagement across the organization. 6. Reflections on Leadership Lessons Learned: Stephen highlights the importance of "failing fast" to pivot quickly when strategies don't work. He also stresses the value of building a strong team aligned with company goals. Notable Quotes "Fail fast—if something doesn't work, pivot quickly and move on." – Stephen Yalof "We're lifestyle-izing our portfolio by adding food, beverage, amenities, and entertainment to enhance the customer experience." – Stephen Yalof "Our loyalty program is about understanding our customers better and providing them with personalized value." – Stephen YalofHosted by Ausha. See ausha.co/privacy-policy for more information.
“ It's like a fairy tale. We can be so proud that we grew up in Liechtenstein and be happy that we can stay here and live here with this beautiful landscape, this strong government and strong principality behind it, that we feel like we're in heaven.” We're in great company with Hubertus Real, the Executive Chef and proud Owner of Park Hotel Sonnenhof, where he and his family have stewarded their mountaintop home into the leading hotel of their region. Today, Park Hotel Sonnenhof stands as a remarkable hotel surrounded by panoramic views of the Vaduz castle and town center, with the Alps above and the Rhine Valley below. With its scenic landscape and exceptional culinary experiences, Park Hotel Sonnenhof delights its global guests as they experience Liechtenstein hospitality at its finest, nestled in one of the smallest countries in the world, cradled in the heart of Europe. In this episode, Hubertus shares his family's humbling story filled with much laughter, as he reminds us all of the power we have within us to see obstacles as opportunities and embrace the change in the seasons of our lives. Top Takeaways [1:45] What happens when you blend a talent in gastronomy with a passion for nature? You meet an attentive host such as Chef Hubertus Real, who can share the best of his region, no matter the season, with his guests from around the world. [7:25] Hubertus reminisces about the fond memories and the embarrassing moments of growing up in a hotel, and how this unconventional childhood turned into his dream career. [11:55] Every design detail, every angle of architecture, every vista view is made with the perfect blend of love, passion, patience and creativity. [17:30] When one door closes, another opens. In this case, a loss of business travel led to an invitation for more leisure travel and a redesign of the surrounding landscape. [22:50] Chef Hubertus creates cuisine that you simply love - from the Sonnenhof signature dishes to the seasonal specialties - everything is homemade, fresh and regional, authentic and innovative, always high quality and prepared with lots of love. [30:30] There is a sense of adventure in the air as you explore the principality of Liechtenstein, with small towns nestled in the Rhine Valley juxtaposed by the dramatic Alps above. Notable Mentions Frommer's Travel Guide Enea Landscape Architecture Ribel, Liechtenstein's most traditional dish Tracht, Liechtenstein's traditional costume “Hoi” is how to say hello to everyone you see Visit For Yourself Park Hotel Sonnenhof Website | @parkhotel_sonnenhofStay In Good Company Website
Join Cindy Lawrence and Cindy Sarver with On The Drive as they dive into the fascinating world of dealership amenities. From bottled water branded with luxury logos to unexpected perks like in-house movie theaters and complimentarBuckle up as Cindy Lawrence and Cindy Sarver take you on a hilarious and eye-opening journey through the unexpected luxury wonderland of dealership amenities! From custom-label bottled water with a side of popcorn to in-house movie theaters , complimentary massages , and even golf courses , dealerships are serving up more than just car repairs—they're delivering VIP experiences!Cindy shares laugh-out-loud moments about stumbling upon hidden gems like iPads casually tucked next to popcorn stations and why service advisors need to shine a spotlight on these hidden perks.Whether it's stylish shuttle rides , barbershops on-site, or a quick workout in the dealership gym while your oil gets changed, these perks aren't just extra fluff—they're customer satisfaction gold!So, whether you're a service advisor looking to impress or a car owner wondering what perks you've been missing , this episode is your VIP backstage pass to the dealership hospitality experience.Tune in for laughs , insights, and one golden takeaway: Always ask, “What amenities do you offer?”Join our Journey:Share this episode with a friendClick the plus to follow us on your podcast app and get automatic downloads of each episodeRate and Review us on Apple Podcasts Email us at Cindy@OnTheDriveTraining.comLinkedIn: Connect on LinkedinFacebook: Join us on FacebookHost:Cindy Lawrence713.299.2435Cindy@OnTheDriveTraining.comAtYourServcie-Drive.comIf You Need Fixed Ops Training…You Need Cindy!
Implementing green initiatives and amenities has become increasingly important in the property management world. Both can positively impact the bottom line and make residents, investors, and owners feel good about improving the environment.Stacy Brown of Real Property Management joins the podcast to discuss green initiatives, amenities and additions, and the importance of performing audits to determine your plan of action in order to make the greatest impact for residents and investors.Stacy also explores how to best plan your initiatives and communicate these positive changes to residents. Some of the most commonly requested green amenities are smart technology to conserve energy; LED bulbs; energy-efficient appliances; low-flow plumbing with water-saving aerators; and community composting gardens. Replacing or adding insulation, EV chargers and solar panels, and recycling can also have a positive impact on your community and create additional cost savings for you.Explore additional Beyond Rent episodes by connecting with us on Facebook, Instagram, TikTok, LinkedIn, and YouTube.You can learn more about Stacy Brown on LinkedIn, and Real Property Management on the company's website.Visit RentManager.com/Podcast to submit an idea for an upcoming episode of Beyond Rent and discover more about the program.Learn more about Rent Manager's industry-leading accounting, reporting, maintenance, and communication features at RentManager.com, or connect with us on LinkedIn, Facebook, Instagram, YouTube, and Twitter.
In this episode of The Best Ever CRE Show, Slocomb Reed interviews Brandon Reed, founder and chief visionary officer of Loft Six Four, a boutique firm specializing in rooftop amenities for large apartment complexes. Brandon shares insights from his landscape architecture background and how his firm has evolved to focus on creating immersive outdoor experiences that drive property value. Despite the current narrative of development slowdown, Brandon reveals they handle 30-50 projects annually, though this represents a 50% drop from peak levels. He notes that development continues in markets like Dallas and Utah, primarily driven by well-capitalized developers with deep pockets or family offices who can weather high interest rates. Brandon explains that properly designed amenities can generate an additional 10-20 cents per square foot per month in rent and help maintain high occupancy rates. The conversation explores trends in amenity design, with a focus on creating hospitality-like experiences that foster community and justify premium rents. Brandon emphasizes that while individual amenities like pools and fire pits are important, the key is creating cohesive outdoor living spaces that become talking points and drive resident retention. Sponsors: Altra Running Sunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode, we dive deep into the complexities and opportunities of converting older mom-and-pop motels into modern, vibrant lifestyle hotels, particularly in resort areas. We discuss the importance of understanding the market, creative financing options, successful case studies, programming and amenities, renovation scopes and plans, and risk management.Additionally, we cover listener questions on negotiating deals, alternative financing methods, and enhancing the online presence of independent hotels.Connect & Invest with Jake:Follow Jake on Twitter: https://twitter.com/jwurzakTake the Hospitality Investing Masterclass: https://learn.jakewurzak.com/Learn How to Invest with DoveHill: https://bit.ly/3yg8PwoTopics:(00:00:00) - Intro(00:02:17) - Converting Motels into Lifestyle Hotels(00:04:02) - Case Studies of Successful Conversions(00:08:53) - Market Considerations for Hotel Conversion(00:16:48) - Programming and Amenities for Modern Motels(00:19:19) - Renovation Scope and Design Tips(00:23:41) - Underwriting and Financial Considerations(00:30:06) - Q&A Session: Institutional Buyers and Revenue Potential(00:37:32) - Understanding Commission Structures in Hotel Bookings(00:37:50) - The Importance of a Compelling Website(00:39:16) - Leveraging Social Media and Influencers(00:41:40) - Outsourcing E-commerce and Revenue Management(00:42:25) - Challenges with Hotel Websites(00:46:47) - Negotiation Strategies for Buying Hotels(00:55:38) - Alternative Financing Methods(00:58:46) - Converting Motels to Multifamily Units(01:01:51) - Boutique Hotel Renovation Costs(01:06:41) - Networking and Financing in Hospitality(01:09:53) - Closing Remarks and Podcast Information
Episode Summary:In this episode of The Retail Pilot, Ken Pilot welcomes back Stephen Yalof, President and CEO of Tanger. With over 25 years of experience in the commercial real estate industry, Stephen shares insights into Tanger's growth strategies, the evolution of retail spaces, and how the company is adapting to changing consumer behaviors. From expanding into full-price lifestyle centers to enhancing customer experiences through digital innovation and loyalty programs, Stephen provides a comprehensive look at Tanger's journey and future direction.Key Topics Discussed1. Tanger's Recent SuccessesPerformance Highlights: Tanger achieved a 4.3% increase in net operating income (NOI) and a 97.4% occupancy rate. The company executed 543 leases covering 2.6 million square feet over the past year.Expansion Efforts: Recent acquisitions include The Promenade at Chenal in Little Rock, Arkansas, which features the only Apple Store in the state.2. Growth StrategyDiversification: While maintaining its core outlet business, Tanger is expanding into full-price open-air lifestyle centers that include specialty stores, grocery anchors, and other amenities.Acquisition Focus: Stephen emphasized the importance of acquiring high-quality properties in strategic markets to leverage existing regional management teams.3. Enhancing Customer ExperienceTanger Club Loyalty Program: A tiered membership program offering discounts and perks for shoppers. Members can choose between free or paid memberships ($20 annually) for additional benefits.Digital Integration: Introduction of QR codes for real-time offers and digital savings passports, replacing outdated coupon books.Amenities and Entertainment: Investments in food offerings, gathering spaces, and entertainment options like pickleball courts to create a more engaging shopping experience.4. Industry TrendsBlending Physical and Digital Retail: Tanger is exploring e-commerce integration as part of its long-term strategy while using digital tools to enhance in-store experiences.Health & Beauty Brands: Increased presence of brands like Sephora and Ulta in outlet environments, offering regular-priced products alongside experiential services.5. Leadership and Team BuildingTalent Development: Stephen emphasizes hiring complementary skill sets to address organizational blind spots and promoting from within to keep employees motivated.Communication Practices: Regular town halls, employee resource groups (ERGs), and an intranet ensure transparency and engagement across the organization.6. Reflections on LeadershipLessons Learned: Stephen highlights the importance of "failing fast" to pivot quickly when strategies don't work. He also stresses the value of building a strong team aligned with company goals.Notable Quotes"Fail fast—if something doesn't work, pivot quickly and move on." – Stephen Yalof"We're lifestyle-izing our portfolio by adding food, beverage, amenities, and entertainment to enhance the customer experience." – Stephen Yalof"Our loyalty program is about understanding our customers better and providing them with personalized value." – Stephen YalofConnect with UsStay updated on Tanger's latest developments:Website: TangerFollow The Retail Pilot for more insightful conversations with industry leaders!
The Real Estate Roundtable with Jackie Ruddy, Century 21 Jack Ruddy Real Estate
Where is the sweetest place on earth? It's probably closer than you think and you might not even realize it! Also, how do we rate as one of the funniest states in the United States? Also, if you're looking to remodel before you sell your home what amenities are most desired by today's buyers? Give the Real Estate Roundtable a listen to get the answers!
Join Heather & George as they discuss one of their favorite parts of flying: THE AMENITY KITS! Face products, kits, reusable bags and the introduction of Angry George.
In this episode, we dive into the future of real estate with PwC's Tim Bodner. He shares exclusive insights on global trends, transforming markets, and where opportunities are emerging. From experience-driven spaces and wellness-focused developments to adapting to rising interest rates, Tim shares invaluable insights into what's next for real estate on a global scale. Tune in to learn how top investors are navigating these changes and where the biggest opportunities lie in today's market. Here are 3 key insights from this episode:- Global Real Estate Trends: Why office spaces are thriving in Asia and what U.S. markets can learn from this.- Wellness Revolution in Real Estate: How the demand for wellness experiences is driving a surge in innovative properties, from large-scale spas to mixed-use wellness retreats.- Future Investment Shifts: How emerging asset classes like data centers and cold storage are reshaping real estate investment strategies. Timestamps:00:00 Intro01:23 Tim's trip to Singapore and his impressions04:31 Overview of PwC and Tom's role in it07:52 Experiential real estate and mixed-use spaces12:58 Growth in wellness-focused real estate16:23 Amenities' impact on real estate value18:56 Current state of the real estate market in the US25:16 Adapting to higher interest rates in deals29:13 Advice for real estate professionals31:09 Longevity economy and senior living trends34:03 Tim's success habits: client focus and relationships36:11 Finding mentors through observation and networking37:44 Recommended reading and thought leaders in real estate40:14 Tim's commitment to mentorship and philanthropy41:59 How to connect with Tim Bodner and PwC resources.VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow
As Denver Health strives to become Colorado's most trusted healthcare provider, its mission is grounded in core values of respect, belonging, and responsibility. In this conversation, Amy Friedman and Sharif Abdelhamid, leaders in Denver Health's experience department, share insights on how a committed workforce and robust community partnerships enable the essential hospital to deliver high-quality, safe care. Together, they discuss how these guiding values help Denver Health foster trust, bring hope, and promote healing among marginalized populations.
In this conversation, I talk with Nicholas Johnson, Founder and CEO of Orange Charger, about the challenges and opportunities in the EV charging industry, particularly for multifamily homes. He describes the importance of user experience, connectivity, and the role of software in managing energy consumption. We also get into the evolving landscape of property management as it relates to EV charging infrastructure and the future of energy management solutions.More about Nicholas and Orange ChargerOrange Charger is an Energy Management Solution for multifamily homes. Orange's right-sized charging solutions are reliable, affordable, scalable, and purpose-built for these properties.Nicholas is passionate about enabling humans to live carbon-neutral lives without compromising lifestyle. Before starting Orange, he built A.I. software to optimize traffic signals to reduce congestion. He started his career at Tesla as an electrical design engineer, bringing the Model 3 thermal designs to market.Connect with Nicholas on LinkedInFollow Orange Charger on TwitterCheck out Orange Charger
Connie Lee is the Founder of Reffie, a centralized leasing platform designed to help Multifamily operators streamline their leasing processes and lease units faster. Reffie helps automate the 'boring', so real estate operators can focus on closing more renters. Before launching Reffie, she served as Strategy & Operations at Mosaic.tech and also managed Finance and Business Operations at ZipRecruiter. Connie is also a Real Estate investor in Los Angeles and an angel investor in various startups.(02:40) - Connie's entrepreneurial journey to Founding Reffie(05:49) - Challenges in Multifamily Leasing(07:24) - Leveraging AI in Real Estate(15:11) - Feature | Berkadia's BeEngaged - Learn more: Ecosystem of founders, industry professionals, and capital providers dedicated to redefining the Commercial Real Estate space.(16:47) - Reffie's Business Model(28:50) - State of the Housing Market(33:52) - Feature | CREtech NY Conference & Expo - Sign Up: Tangent listeners get a 20% discount using code PARTNERTANGENT20 at checkout.(35:24) - Rental Trends & Amenities(39:07) - Collaboration Superpower: Taylor Swift
Spooklore 2024 draws to a close with a reading of The Story of a Mother, which is not so much a spooky story but a terribly depressing one, from resident sad-sack, Hans Christian Andersen. Turns out, the true horror was videogames from 1993 this whole time!Suggested talking points: The Hamburglar's Living Conditions, A Cave with Amenities, Microwave Beer, Death and Baby, Jealous of the Ocean, Follicle by Follicle, A Little Pee (As a Treat)If you'd like to support Carman's artistic endeavors, visit: https://www.patreon.com/carmandaartsthingsIf you'd like to support Tyler's artistic endeavors, visit: https://www.patreon.com/crimeweaverIf you like our show, find us online to help spread the word! Follow us on Twitter, Facebook, and Youtube. Support us on Patreon to help the show grow at www.patreon.com/wtfolklore. You can find merchandise and information about the show at www.wtfolklorepodcast.com.
Analyzing Airbnbs is tough, especially for a new investor. Which properties make the best vacation rentals? Which amenities should you prioritize? Do you need an exit strategy if things go south? Stay tuned as we show you how to get the best possible return on your short-term rentals! Welcome back to another Rookie Reply! Leveraging home equity is one of the easiest ways to build and scale a real estate portfolio, and in this episode, we'll share some creative strategies you can use to tap into this money—without selling your property. Next, we'll dive into one of the biggest hurdles standing between a rookie and their first rental property—money. If you need outside-of-the-box solutions to help finance your first deal, we'll show you how to use other people's money through partnerships, borrow against your 401(k) or brokerage account, or work your business into the deal! Looking to invest? Need answers? Ask your question on the BiggerPockets Forums! In This Episode We Cover: The BEST property type and amenities for a short-term rental How to get the highest return on investment from your Airbnb How to pull equity out of a paid-off rental property (without selling it) How to fund your next real estate deal using other people's money (OPM) Using your 401(k), brokerage account, or business to help finance properties And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPokckets Profile Join BiggerPockets for FREE Ask Your Question on the BiggerPockets Forums Buy the Book “Real Estate Partnerships” Find Investor-Friendly Lenders See Ashley and Tony at BPCON2024 in Cancun! Real Estate Rookie - Episode 408: Fundamentals of Funding: How to Find the Right Lender for Your Next Rental (00:00) Intro (00:54) How to Analyze Airbnbs (08:42) Using Home Equity 101 (16:36) Funding Your First Deal (26:49) Post Your Question! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-457 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode, we explore the unique idea of collecting and reselling airline amenity kits. Is it a viable side hustle, or will the idea fail to take flight? Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week. Show notes: SideHustleSchool.com Email: team@sidehustleschool.com Be on the show: SideHustleSchool.com/questions Connect on Instagram: @193countries Visit Chris's main site: ChrisGuillebeau.com Read A Year of Mental Health: yearofmentalhealth.substack.com If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes.