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5 episodes with american homes
2 episodes with american homes
3 episodes with american homes
5 episodes with american homes
2 episodes with american homes
2 episodes with american homes
2 episodes with american homes
2 episodes with american homes
2 episodes with american homes
Brandon Wright is the Co-founder and CEO of Tongo, the company he co-founded to help Real Estate agents address cash flow challenges by providing financial tools such as a commission line of credit and a payroll solution to help stabilize their incomes and automate savings. With a deep understanding of the challenges faced by agents and commission-based earners, Brandon has led Tongo in creating innovative solutions that provide liquidity and flexibility, empowering users to manage cash flow effectively. He began his career at Smith Barney in Seattle, Washington, working under renowned contrarian value investor Jamie Dimon, current CEO of JPMorgan Chase. He then ventured into entrepreneurship, starting a coffee shop in Seattle. Brandon then pursued an MBA at Cornell and joined private equity firm Vista Equity Partners, where he implemented best practices across their software portfolio. Leveraging his experience, he co-founded a company that used AI to build decision engines for lenders, ultimately transitioning into developing a buy now, pay later solution for e-commerce called Catapult.(01:09) - Brandon's Journey in Financial Services(06:28) - The Birth of Tongo(07:48) - Challenges in the Real Estate Market(11:09) - Tongo's Financial Solutions for Agents(16:26) - Feature: Pacaso - Luxury vacation home ownership, elevated. Join Pacaso's growth and become an investor of a venture-backed company at Pacaso.com/invest(18:12) - Success Stories & Future Plans(21:32) - Lowering risk with data availability & efficient distribution(27:27) - Impact of NAR Lawsuit on Real Estate agents & investors(35:07) - Feature: Blueprint - The Future of Real Estate 2025(35:54) - NYC Housing Market & FARE Act(40:43) - Collaboration Superpower: Jamie Dimon (Wiki)
What's it take to buy a home? And what habits define home life in China and the United States? From drying your clothes to who washes the dishes we discuss what makes our cultures unique and not so dissimilar. Find out more with Jason Smith and BeiBei. Hosted on Acast. See acast.com/privacy for more information.
Caren Maio is the CEO and co-founder of 100, a Proptech company tackling rental fraud for Multifamily owners and operators. A staggering 93% of operators have experienced fraud in the last 12 months, and Caren and the 100 team are on a mission to stop it. Prior to this role, she led Moved, and co-founded and led Funnel (previously Nestio), a leasing and marketing platform for Multifamily properties, where she served as CEO and President for 11 years. Under her leadership, Funnel was recognized as one of Entrepreneur Magazine's "Best Entrepreneurial Companies in America." Caren's expertise has earned her features in publications like The Wall Street Journal, Bloomberg, and Forbes. Caren is also a member of the Forbes Real Estate Council and, before her entrepreneurial ventures, she held sales and marketing positions at The Wall Street Journal and Nike.(02:01) - Inman's Proptech Awards(04:52) - Caren Maio's Journey to 100(06:27) - Understanding Renter Fraud(10:44) - Tech stack & Partnership with CLEAR(14:41) - Feature: Pacaso - Luxury vacation home ownership, elevated. Join Pacaso's growth and become an investor of a venture-backed company at Pacaso.com/invest(17:22) - Business Model & Market Strategy(21:53) - Unexpected Proptech Alliances(22:52) - Proptech fundraising: challenges & advice for first-time founders(34:04) - Feature: Blueprint - The Future of Real Estate 2025(38:42) - Collaboration Superpower: Betty White
Taylor Hou is the CEO and Chief Happiness Officer at APM Help, a company serving over 300,000 single family homes nationwide dedicated to professionalizing the single family property management industry by bringing clarity and efficiency for accounting and operations. A serial entrepreneur and tech investor, Taylor is passionate about applying lean startup principles to create process efficiencies in tech and startups. With a focus on streamlining products and services for an optimal user experience, Taylor thrives on improving systems and building better processes to make them more effective and impactful.(00:56) - Taylor Hou's Background and Journey(02:43) - Evolution of Property Management(04:34) - Challenges in Property Management Roll-ups(13:45) - Feature: Blueprint - The Future of Real Estate 2025(14:35) - Institutional SFR's Impact on Housing(18:46) - APM Help's business(28:36) - Current Success & Future Innovations(31:25) - Embedded Banking Opportunity(34:23) - Unlocking Liquidity in Rental Housing(42:34) The Future of Property Management Tech(47:45) - Collaboration Superpower: Masayoshi Son (CEO of SoftBank, Wiki)
Today, we have a huge guest, Jim Sheils who shares frameworks that impacted a lot of people and families, how to achieve a legendary family life, having honest and brutal inventory to oneself, building turnkey rentals, and achieve financial and time freedom! Jim Sheils is a father, husband, real estate investor, Wall Street Journal best-selling author, and owner and founder of the family education company, 18 Summers, a company that specialize in retreats, workshops and private consulting for family focused companies, entrepreneurs and professionals looking to strengthen their family lives while still succeeding in business. He is renowned as the "Crazy Glue" for entrepreneur families. His famed "Board Meeting" method and other basic frameworks are assisting thousands of business executives worldwide in reconnecting home. He wrote the book "The Family Board Meeting. Jim is also a partner of Southern Impression Homes, a firm that builds rental portfolios for private investors and institutional buyers (American Homes for Rent, Haven Realty, Crescent APL, Mynd). Real estate has been Jim's core. He grew up with money as their main problem in the family, thus, he wanted to be successful in life to do all the things that his father wasn't able to do. At the same time, wanted to see other business owners and investors not just success in business and investing but as well as at home. Now, as Jim is reaping the fruits of sacrifice and hardworks, while trying to make the most of life of entrepreneurs. This is to have fun and keep connection with families along the way. He created turnkey models and process that creates opportunities to more investors coming in! Some Questions I Ask: When somebody ask who's Jim Scheils, what do you say? How people can build wealth without sacrificing their family, values, and the things that are really important to them in that process? How were you going that decision-making process and matrix going forward? Where did the family board meeting and 18 Summers come about? What is 18 Summers and why is that number matter? What do you think the greatest challenges that parents are facing today that should be spotlighted? Talk a little bit about your build-to-rent business, and why are you guys believe in that model? Who is your ideal investor and how much capital are they thinking they should bring to the table, and what kind of returns they should be looking at? In This Episode, You Will Learn: Being successful in business, investing, and at home. Why you must take an honest inventory of yourself. Jim's spaghetti string. How to achieve a legendary family life. The family board meeting strategy. The power of date night with the question. The pros of having teen night and Mastermind. Quotes: “Before you figure out what's next, figure out what's important.” “I wanted to leverage my real estate to have a legendary family life.” “The mission came before the money.” “Quality time is key.” “95% of the world is broken unhappy, so do the opposite.” Connect with Jim Scheils on: https://jjplaybook.com/ https://www.18summers.com/ Episode Sponsored By: Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/ MY FIRST 50K!: Visit https://wiseinvestorcollective.com/ and submit your application to join! Uplift Desk: Visit https://www.upliftdesk.com/mindcast or use the code MINDCAST for a 5% discount! Gusto: Visit https://www.gusto.com/millionairemindcast to get 3 Months free! LinkedIn Sales Solutions: Visit http://www.linkedin.com/mindcast to get your free 60-Day Trial!
Jason and Lance Lambert finish their discussion as they explore the "lock-in effect" caused by historically low mortgage rates. They highlight the significant impact on home sales and turnover rates in the real estate market, with a 57% reduction in home sales due to fixed-rate mortgage holders unwilling to give up their low-interest loans. They also touch on the multifamily housing market's influence on single-family rentals, noting that while rent increases have moderated, they remain solid. Data from Zillow and institutional players like Invitation Homes and American Homes for Rent provide insights into rental trends. Overall, despite market dynamics, investors can still find opportunities in the real estate landscape. #RealEstateMarket #MortgageRates #HomeownershipTrends #RentalMarketAnalysis #InstitutionalInvestors #PropertyInvesting #HousingTrends #MarketInsights #FinancialStrategy #EconomicOutlook #InvestmentOpportunities #PropertyManagement #RealEstateIndustry #MarketAnalysis https://www.resiclubanalytics.com/ Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
Zombie second mortgages are coming to life, threatening thousands of Americans’ homes. NPR tells you what to know. Damage to the Gaza pier was another blow to a troubled U.S. aid mission. The Washington Post’s Dan Lamothe joins to explain the challenges. The Athletic looks at how the NBA Finals matchup between the Celtics and Mavericks will be won. Today’s episode was guest-hosted by Yasmeen Khan.
We've already had more inflation in this young 2020s decade than the entire 2010s. If the next forty years have as much inflation as the last forty, gas will cost $13.38 per gallon, the average home $1.88 million, and the average rent $59,000 annually. Inflation impoverishes most people. You can profit from it 3 ways at the same time. Watch the free 3-part video series: GetRichEducation.com/TripleCrown. The 30-year fixed rate mortgage is a uniquely American construct. It virtually exists nowhere else in the world. I compare this to mortgage terms in Europe, Canada and Australia. In much of the world, homeowners have had their mortgage payments double overnight! Trends that won't soon be disrupted: more inflation, people need to live somewhere, there aren't enough places to live. That's so simple! Invest in it. Rents are increasing the most where little new supply has been added. There's a myth that gigantic institutional investors are gobbling up all the single-family rental homes. But they only own 3% of the market. Mom & pops own 80%. Single-family rents are up 3.4% per CoreLogic. Detached SFHs are up more than attached types. Property prices and rents are positively correlated. Some people falsely think that they move inversely. Resources mentioned: Profit from inflation 3 ways: GetRichEducation.com/TripleCrown 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 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach 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 Keith's personal Instagram: @keithweinhold Complete episode transcript: Welcome to GRE! I'm your host, Keith Weinhold. Learn how the misery of INFLATION is altering BOTH your quality of life and the return on ALL of your investments… … also, many people are now having their mortgage payments DOUBLE overnight and IT'S creating pain, then, what are the factors affecting the future direction of RENTS - all that, and more, today on Get Rich Education! ______________ Welcome to GRE! You're listening to one of the longest-running and most listened-to shows on real estate investing. This is Get Rich Education. I'm your host, Keith Weinhold - the voice of RE since 2014. I don't know if you fully realize how much inflation is steering all of your investments - and it's emphatic at a time like this when the dollar is down 25% cumulatively just in the last four years. Gosh! And I've got some jaw-dropping inflation fact to share with you soon. We'll get to inflation's RE affects shortly. But here's what I mean. In stocks, they keep riding up on a wave of optimism, anticipating a Fed interest rate cut - largely due to future INFLATION expectations. Yes, there's jobs & GDP and some other factors. But the stock market - which is a FORWARD-looking market - it moves based on what's expected to happen 6 to 12 months from now. STOCK investors know that rate cuts open the floodgates to get us closer to the “easy money” days again. That's why - as backwards as it is, the worse the economy looks, the lower that inflation tends to be, and then, in turn, the lower that interest rates can go, which the stock market likes. So a worsening economy often pumps up the stock market. Soooo backwards. Just look at what happens historically. Recessions sound bad. Yet what happens is that rates get cut in a recession - because the economy needs the help. But nearer-term, it's this ongoing expectation of the rate cut - that's been looming out there for months but hasn't happened - which CAN keep propelling the stock market to higher highs. It's already hit all-time highs here recently. You can make the CASE that stocks should keep floating higher from here… based on that premise. Before we look at real estate & inflation. Understand this. Inflation has already widened the divide between the affluent and the deprived. That divide has gone from a gully to a canyon. But... my gosh! Here's the stat that I want to share with you. And you're really going to get a sense for the gravity of what you're living through this decade. We've already seen more inflation in the first 51 months of the 2020s decade than in the ENTIRE decade of the 2010s. Already. This gets really interesting. Let's look at about the last four decades here. Alright, in the 1990s decade, America had 34% cumulative inflation. Let's go ahead and… we'll associate this decade with President Bill Clinton. We won't tie any President to the inflation number because there are lag effects and other factors. A President really can't take the credit or blame, in most cases. Just marking the era here. So, 34% inflation in the 1990s. The 2000s decade saw the GFC and… 29% inflation. Most of those were George W. Bush years. The 2010s decade saw lower inflation → Just 19%. So that's under 2% a year. These were mostly the Obama years here in the 2010s. Little flex there from the former Commander in Chief. Then the 2020s decade → have seen, like I alluded to, and under Joseph Robinette Biden, Jr. - yes, as the oldest sitting president ever, it's easy to forget that he's a “junior. In this young 2020s decade, we have, 21% cumulative inflation. Already. So this figure is after just the first 51 months of this decade, if we're counting from 2020… and this is largely due to supply shortages from the COVID pandemic. So 21% ALREADY this decade… and just 19% ALLLL of last decade which was a full decade. That's the impact. That's reflective of what you see in home prices and rent prices and utilities, transportation, labor, and almost every facet of your life.… and what you see in your weekly Costco bill and Trader Joe's bill. Who have we left out here? A one-term president, so far? Does somebody feel left out. Yes, that is the actual person of one Donald John Trump. Psssshhh! All of those figures I cited are from the BLS, and I've been rounding to nearest whole percent. But get this! Inflation over the next forty years could make the LAST 40 years seem like a picnic. That's partly because we're $35T in debt and that figure now grows by $1T every single quarter… every 90 to 100 days. So we MUST keep dollar-printing to help pay it back. But just, if the last forty years repeats itself, by the year 2064, which is the next forty years, we'll see these prices. Prepare for a future that looks like this: Gas at $13.38 per gallon The home price at $1.88 million Average rent at $59,000 per year And the average salary at $104,000 That is if inflation over the next 40 years, looks like that last 40 years. Also, note how salaries don't keep pace with prices. That $104K average salary in the year 2064 doesn't sound as high-flying as those other figures. Well, this is all really frustrating for consumers… and even debilitating to one's standard of living. Remember, this latest wave of inflation brought us the biggest YOY increase in homelessness - based on HUD figures. and why you need to invest in something that reliably BENEFITS from inflation and pays you an income at the same time. Look, here's really, the deal. Dollars are abundant. So then isn't it a paradox that a major spike in the supply of dollars would create more homelessness? Well, you know that dollars are there for your taking - because so many more have been brought into existence. Dollars are abundant. So as they cycle through the economy, rather than going through the consumer motions, you can build your diverter. That's where the world of abundance exists, so get into that flow. Ultimately, REAL capital is scarce. Your time and energy are scarce. Natural resources are scarce. Labor is scarce. What's frustrating is that money ought to reflect that scarcity if it is going to accurately convey the value that enables people to make capital accumulation decisions. And alas, we're doing our measuring in dollars and the dollar is not remotely scarce. The middle class and poor often have wages that don't track inflation, yet they disproportionately suffer the higher consumer prices. The investor class owns assets that float up with inflation. And GRE listeners will do even better than that. As income property owners with mortgages, we're winning three ways at the same time with the Inflation Triple Crown. That's your dollar diverter. Alright, so that's longer-term inflation. I've been talking in terms of decades - both the past and with an extrapolation into the future to 2064 there - and it's really rather sobering. Well, what's the more CURRENT inflation situation? The situationship? Ha! What's the situationship now? In trying to quiet it down to their 2% target, the Fed has run into so many hurdles that you'd think they were training for this summer's Olympics in Paris. After it peaked over 9% two full years ago now, inflation's been bouncing near 3-and-a-half-percent for a year and they just keep having trouble getting it lower than that. Hmmm... would we say that this could turn into Jerome Powell's three-quarters life crisis? We'll see. Rising inflation is one of the key factors that brought down the Roman Empire. They famously experienced hyperinflation after a series of emperors lowered the silver content of their currency, called the denarius. Today, some lament that the dollar isn't backed by gold, silver, or anything else. But it is. It's backed by the world's most powerful military, strongest economy, reserve currency status, international trade agreements, and you also… must pay your taxes in dollars. Dollars are still liquid and useful… but perpetually debased, so get them and then transition out of them. Yet, at the same time, we're also the greatest debtor nation in world history. The easiest way to pay it all back is to simply print more and inflate more. So that's why it's almost inevitable that dollars will keep being worth less... and BTW, the two words “worth less” sound awfully close to the word “worthless”. Ha! That's where we keep heading. Until you can send a Venmo request to the Fed to compensate you for your loss in purchasing power, we need to actually do something about this. And the dollar that you had when you started listening to me today could very well now only be worth 99 cents. Ha! We can either have our standard of living degraded by inflation or we will decide to profit from it. So, if you haven't yet, check out GetRichEducation.com/TripleCrown. Rather than impoverish you, learn how you can make inflation CREATE wealth for you three ways at the same time with that free, 3-part Inflation Triple Crown video series. Good learning there. It's free & easy to watch, again, at GetRichEducation.com/TripleCrown Inflation seemingly seeps into everything. Inflation took down the commercial sector - Apt buildings & offices. Apts are down 30-40% in the last two years. It's all because inflation made the Fed panic and jack up those rates. If that's not jaw-dropping enough. Office values are down 80%+ in the last two years. 80%+, 90%+ in some cases. Of course, office RE got the double-whammy of the inflation-induced interest rate hikes AND the Work-From-Anywhere movement. That leaves residential 1-4 unit properties in good standing - and still impacted by inflation, but LESS impacted by inflation. Yeah, your 1-4 unit RENTS are up - and I'll talk more about rent later in the show today. inflation also jacked up your expenses like insurance, utilities, maintenance & repair cost and more. But as we move away from the inflation conversation now, of course, one big reason that 1-4s have stayed resilient is the American privilege of LTFIRD - and the fact that it's 30 years for most US properties. In fact, in 2022, 89% of homebuyers applied for the 30-year. I think that you're about to get more appreciation for this… perhaps than you've ever had. The 30-year FRM is a UNIQUELY American construct. And, BTW, some people don't seem to know what the word “unique” means. You've probably heard people misusing this word all the time. Unique does not mean something that's sort of different. Unique means “ONE of a kind”. Unique means something that does not exist ANYWHERE else. What do I do here on this show? Besides giving you the occasional geography lesson as a side dish to your real estate, I do this with vocabulary, grammar, and syntax as well, don't I? Even though my own is surely imperfect. Anyway, the reason that the 30-year mortgage can exist is due to our deep financial markets - especially our secondary market for mortgage-backed securities, where your loan gets packaged up and purchased by a bond investor - a bit like Ridge Lending Group President Caeli Ridge & I touched on last week. The reason that mortgage-backed securities are attractive to investors in the U.S. and across the globe is because their government sponsorship makes them safe investments over long periods of time. They also provide a fixed payout to the MBS holder. And see, the rate on the 30-year fixed-rate mortgage tracks closely to 10-year Treasurys because “U.S. real estate is almost as good an investment as a U.S. Treasury bond.” They've got Fannie & Freddie insurance. And that entire MBS process now has more guardrails in it than we had before the Global Financial Crisis. We're talking about the foundation here - really - of where you get your big lumps of money from - the 30-year FRM and its uniqueness. Compared to the world, the US has very little variable rate debt. Less than 4% of American mortgage borrowers have debt that's on rate terms of a year or less. Over 96% of US debt is LTFRD, defined as 10 years or more. That is virtually unparalleled worldwide. To compare us to some other developed nations, mortgage borrowers in Germany - just 47% of them have long-term fixed debt - and none of them can get 30-year debt. Long-term debt, again, defined as ten years or more, Is little to ZILCH for mortgage borrowers in Canada, the UK, Ireland, Italy, Sweden, Finland, Australia, and other developed nations like them. In Canada, the most common mortgage terms reset to the prevailing market interest rate every five years. In Finland, their mortgages reset annually or faster. Gosh, can you imagine if your mortgage rate reset every year like it does for the Finns? Sheesh, that's more often than some people lose the remote control or rearrange their furniture. OK. So what's this really mean? Ya gotta… pour one out for most mortgage borrowers in the rest of the world. They can't lock in their mortgage interest rate for the long-term. So with rates doubling or tripling, starting from 3 years ago, it's totally ruined a lot of foreign homeowners. Look, what if you're middle class and your monthly mortgage payment soars from $1,893 on Tuesday up to $3,415 on Wednesday? That's what's happening elsewhere. It can go up 50% overnight and nearly double overnight in Australia, Europe and elsewhere. But in the mortgage-advantaged US, we're safe. If we buy at an 8% mortgage rate on a 30-year fixed amortizing loan today—just the plain, vanilla loan: If rates rise to 10% later, you're happy to be locked-in at 8% If rates fall to 6% later, you'll refinance Note that I refrain from saying "just refinance". I don't like the word "just". You'll still need hours to provide documentation and your credit score will be checked. But it's worth it. You won't “just refinance”. Ha! You'll refinance. So think of it this way then, you can alter your deal with the bank whenever you want—and usually with no prepayment penalty. Yet the bank can't alter it on you. What did Darth Vader say to Lando Calrissian in the “Empire Strikes Back?”. I am altering the deal, pray that I don't alter it any further. Ha! We better not play that clip here. I don't know the copyright laws with LucasFilm or Disney there. Ha! But you're not a dark lord of the Sith for doing it… for altering the deal on the bank. You're playing within the rules. This is almost an unfair advantage for Americans. The bottom line here - with this unique American advantage, is that, as rates change, you get to play both sides of the game. And that's why we add smart properties with loans. We turn that into wealth, with compound LEVERAGE. Now, mere compound interest, that's a vehicle for you to rely on more for your shorter-term funds, your cash or what you're keeping more liquid. Long-term wealth is build through compound LEVERAGE. Short-term funds - that's for compound INTEREST. And… your bank is getting rich off of YOU. The national average bank account pays less than 1% on your savings. If your money isn't making about 4-5% today, you're losing your hard-earned cash to inflation. What I do, is keep my dollars in a private LIQUIDITY FUND. You can do this too. Your cash generates up to an 8% return with—COMPOUND INTEREST—year in and year out instead of earning less than 1% sitting in your bank account - or even 4-5% elsewhere. The minimum investment is just $25K. You keep getting paid until you decide you want your money back. This private LIQUIDITY FUND has a decade-plus track record - and they've always paid their investors 100% in full and on time. I would know… because, I'm an investor with them myself. See what it feels like to earn 8%. A lot of other GRE listeners are. To learn more, just text the word FAMILY to 66866 to learn more about Freedom Family Investments' LIQUIDITY FUND. Get 8% interest! Just do it right now, while you're thinking about it. Text FAMILY to 66866. More straight ahead, including what's happening with rents. I'm Keith Weinhold. You're listening to Get Rich Education. _____________ Welcome back… you're listening to Episode 503 of Get Rich Education. I'm your host, Keith Weinhold. We've got a poll result, from our Get Rich Education Instagram Page. The poll question was simple. “When buying property, what's more important?” The purchase price or the mortgage rate. 71% of you said the purchase price. 29% of you said the mortgage rate. Of course, both are important, but I think that the PURCHASE PRICE is the best answer - because your purchase price stays fixed for the life of your ownership period, and you can CHANGE your fixed mortgage rate and make it malleable… whenever it suits your needs. As we talk about where the OPPORTUNITY is today, though multifamily apartments are going to bottom out sometime and therefore, at some point, they'll make a wise investment - who REALLY knows - maybe the time for larger apartments is now… … one opportunity is… giving good people OPTIONS during a housing affordability crisis. And what's going on right now is that… let me put it this way… when people have a hard time affording their own home today, basically (ha!) people are having a hard time transitioning from resenting their landlord to bickering with an HOA. Ha! That's kind of how the world works. Seemingly everyone would rather be bickering with an HOA rather than resenting their landlord. A lot of renters want to be buyers… they can't… and that isn't expected to change anytime soon… as prices will likely stay elevated… and mortgage rates are staying higher, longer too. These things are ALMOST “knowns”. It's often wise… to invest in trends that are known. Nothing's completely predictable, but when you're looking for a place to park your investment dollars, a few other things… are known… right now. And AI is not expected to change what I'm about to tell you… anytime soon. VR - virtual reality is not about to change what I'm about to tell you anytime soon. AR - augmented reality isn't either. Machine learning won't imminently disrupt this. And that is, that… everyone expects more long-term inflation. At what rate, no one knows. People will need to live somewhere… and there are not enough places to live. Those three facts, right there, are so simple. I love simple. Ha! One reason I love simple things is that I can remember it. So many investors - investors in all types of things, say, from tech EFTs to junior mining stocks to crypto - you can make money there. But, at times, investors will unnecessarily go out on the risk curve and GUESS and speculate… at a future trend. Some are right. They're often wrong, and adopting too much of that approach… that's exactly when your risk-adjusted return goes down throughout your investor life. Instead, you can get great returns - real estate pays 5 ways-type of returns - in these trends that I just described that are near certainties. Why guess? When instead, you can almost be certain. Often times, the certain thing is right… there. It's often easier, like I think I brought up on the show once before, inspired by Jeff Bezos - don't ask what will change in 10 years. The more insightful question and profitable question that fewer people think to ask is actually - “What will be the SAME in ten years?” Well, when we talk about rents and the fact that tenants WILL keep paying you to live somewhere ten years from now, the trend that's taking place here in the mid-20s decade - here in the mid 2020s, is that… Rents are increasing the most where there hasn't been enough new supply added - up 5-6% in parts of the Northeast including New York and Boston - Seattle too… and parts of the Midwest. Detroit and Honolulu rents are each up about 5%. Rents are decreasing the least, and even declined - where they've added lots of new supply recently, like Austin, Texas and Miami, where they're down 3% or more in each. New Orleans is another major city that's down - at minus 1%. But among the larger cities, Austin, Texas is the WORST performer in the nation right now. If you're listening to this either this week or you're listening to this ten years from today, if you want to know future rent trends, look at where they're adding supply. Especially in apartments. But all these new apartments will fill up and nationally, they're building fewer apartments this year than last year's apartment-building boom. When we talk about rents and who owns SINGLE-FAMILY HOMES, there are a few myths that I want to help bust for you here. There seems to be this misconception or misinformation that GIANT Wall Street firms are buying up all the SFRs. That's just not true. Now, there is more participation from the big firms than there has been historically, but those that own 1 to 9 SFRs… which is our definition of mom & pop investors here… constitute 80% of the SFR market. 80% own one to nine units. Now, you might own more than 9. In fact, 14% are in that next tier up, owning 10 to 99 SFRs. Then 3% - known as small national investors own between a hundred and a thousand. And, what's left, the big institutional investors - those that own 1,000+ SFRs - and you've heard of some of these companies - Invitation Homes, and another is American Homes 4 Rent. Progress Residential, Blackstone, First Key Homes - all those big players own just 3% of the market. So again, 80% are the small ones - the mom & pops… a highly fractured market. There are a total of 82 million SFHs in the United States. Out of all of them, do you have any idea what percent are OOed and how many are rentals? It's 83% OOed and 17% of the single-families are rentals. So about one-sixth of SFHs are rented out. Now, here's the thing. Some people tend to think of mom and pop single-family rental operators as unsophisticated charity case workers who never raise rents. That's part of the perception out there. But that narrative has never really been true, and, in fact, the COO of American Homes 4 Rent - his name's Bryan Smith - recently brought up this key point on their recent earnings call. He said that while historically mom and pops hadn't always priced directly to market because of a lack of market data, "they've migrated into a strategy that's closer to ours." How is this and why is this? Anymore, why ARE mom & pops raising rents just about as aggressively as the big institutional players. It's really increased transparency on the rents that landlords are asking… through internet listing sites like Zillow. It's not that mom and pops didn't increase rents before. (I mean… just look at what happened with rising rents in the 1970s and 80s before institutions were in the sector.) But when there's a lack of rent amount transparency, it takes longer for operators to discover and adjust to market pricing-- especially for smaller players in a deeply fragmented market. That's the part that's changing. But see, increased transparency works both ways. It's good for you and bad for you as a property investor. This information helps tenants too. In upswing markets, operators may push rents faster than they would otherwise. But in a downswing market, operators may cut or keep rents flat faster in order to lease the unit. Because tenants can easily see what other LLs are charging and compare features. When you price too high, units sit vacant and generate no income. Since renters benefit from increased transparency too, if they see two similar homes, they're usually picking the better deal. And increased transparency is why NEW lease rent growth is cooling off. In fact, CoreLogic just released their latest SF Rent Index report last week. It showed that, nationally rents are up 3.4%, which coincidentally, happens to be the same as the latest CPI inflation number. Detached properties are seeing more rent growth than ATTACHED ones - like townhomes. If you think about it, that makes sense. Townhomes are in less demand now. Because the homeownership dream, is when one moves out of the apartment & buys a detached house. And since that's so unaffordable to buy here in the 2020s decade, that's why more people are willing to pay more for to rent the detached type. Note that SFR rent growth has moderated since mortgage rates spiked-- further dispelling the sticky myth that rents boom when home sales fall. Remember - when homes price growth is really hot - like it was in 2021 and 2022 - near 15% - rent growth tends to be hot too. It was ALSO near 15%. And when home price growth is moderate, like it is now, well, rent price growth is moderate too. Prices and rents move together. They're POSITIVELY correlated. Some people think they move inversely… and we're looking at history over hunches again - what REALLY happens here. So though you're almost certainly going to get nominal rent growth over time, it's not a good thing for you to count on it in the short-term - it NEVER is, in any era. The time for you to push rents is, of course, in any market, when you go for NEW leases. A new lease with a new tenant is going to be higher than a renewal lease. It's the ol' - this has been a good tenant for three years, so I don't want to push the rent too hard & lose them. To review what you've learned today, inflation is affecting ALL of your investments, 30-year FRMs are a UNIQUE American advantage… …it's wise to invest in future trends that are KNOWN, if you want to know what is going to happen with rents in the near future, look where they've added supply. Less new supply correlates with more rent growth… and large institutional investors own just 3% of SFRs. If you enjoy the show, please, tell a friend about it. Isaiah on LI had the most flattering comment. Over there, he wrote and called GRE “The best podcast on the planet.” I… really don't think that I can take credit for that, though… I'd like to think we're a good resource for building your wealth through REI and regularly informing you, giving you ideas that you've never thought about before that add real value to your life. You've heard of Bidenomics. The first portmanteau type that I ever heard about a President's economic policies is REAGANomics, though it was a little before my time. Here on the show next week, with us, will be none other than “The Father of Reaganomics”. Yes, late President RONALD REAGAN'S Budget Director will be here next week. Basically, he was Reagan's “Money Guy”. His name is David Stockman and he often met with the President in the Oval Office, advising Reagan on economic affairs. I have asked David Stockman, if besides talking about the condition of today's economy next week, he'll also discuss real estate - and he agreed to do so. That's “The Father of Reaganomics”. You can look forward to he & I together next week here on the show. You might be one of the listeners that's been here every single week since 2014 - just like I've been here for you. A new podcast is published every Monday. If you want more our DQYD E-mail Letter is published and sent about weekly, that's typically been on Thursdays lately. Then, there are many new videos published each month over on our Get Rich Education YouTube Channel. Those are the main three places that you can find us. Until next week, if you enjoy listening, I really appreciate if you would told a friend about the Get Rich Education Podcast. Until then, I'm your host, KW. Don't Quit Your Daydream!
Jason and Lance Lambert finish their discussion as they explore the "lock-in effect" caused by historically low mortgage rates. They highlight the significant impact on home sales and turnover rates in the real estate market, with a 57% reduction in home sales due to fixed-rate mortgage holders unwilling to give up their low-interest loans. They also touch on the multifamily housing market's influence on single-family rentals, noting that while rent increases have moderated, they remain solid. Data from Zillow and institutional players like Invitation Homes and American Homes for Rent provide insights into rental trends. Overall, despite market dynamics, investors can still find opportunities in the real estate landscape. #RealEstateMarket #MortgageRates #HomeownershipTrends #RentalMarketAnalysis #InstitutionalInvestors #PropertyInvesting #HousingTrends #MarketInsights #FinancialStrategy #EconomicOutlook #InvestmentOpportunities #PropertyManagement #RealEstateIndustry #MarketAnalysis https://www.resiclubanalytics.com/ Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
Jason Hartman reflects on the three types of people in life: those who make things happen, those who watch things happen, and those who wonder what happened. Drawing on personal experiences, he emphasizes the importance of taking action and overcoming self-doubt to achieve success. Additionally, Hartman shares an intriguing chart illustrating the current scarcity in the real estate market, debunking notions of an imminent crash. Then Jason and Lance Lambert finish their discussion as they explore the "lock-in effect" caused by historically low mortgage rates. They highlight the significant impact on home sales and turnover rates in the real estate market, with a 57% reduction in home sales due to fixed-rate mortgage holders unwilling to give up their low-interest loans. They also touch on the multifamily housing market's influence on single-family rentals, noting that while rent increases have moderated, they remain solid. Data from Zillow and institutional players like Invitation Homes and American Homes for Rent provide insights into rental trends. Overall, despite market dynamics, investors can still find opportunities in the real estate landscape. #RealEstateMarket #MortgageRates #HomeownershipTrends #RentalMarketAnalysis #InstitutionalInvestors #PropertyInvesting #HousingTrends #MarketInsights #FinancialStrategy #EconomicOutlook #InvestmentOpportunities #PropertyManagement #RealEstateIndustry #MarketAnalysis Key Takeaways: Jason's editorial 1:20 3 Types of people 10:28 Girl scout cookies and the housing inventory Lance Lambert interview part 2 12:52 Lock-in Effect 17:47 Dynamic of the RENT 21:27 Where the SFH rental data is from 25:18 Housing Shortage as told by 11 major firms 27:15 Scapegoating- Housing affordability and the effects of the NAR lawsuit https://www.resiclubanalytics.com/ Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
A migrant TikToker with a 500,000-strong online following is offering his comrades tips on how to “invade” unoccupied homes and invoke squatter's rights in the United States. Venezuelan national Leonel Moreno, who appears to live in a suburb of Columbus, Ohio, said in a recent video that under US law, “if a house is not inhabited, we can seize it.” He appeared to be referring to adverse possession laws, commonly known as squatter's rights, which allow unlawful property occupants rights over the property they occupy without the owner's consent, in certain circumstances. Moreno claimed in the viral TikTok clip, which has drawn more than 3.9 million views, that he has “African friends” who have “already taken about seven homes.” --- Send in a voice message: https://podcasters.spotify.com/pod/show/darien-dunstan3/message
A Venezuelan illegal immigrant posted a viral video online, telling other illegal immigrants that they can legally “expropriate” the homes of Americans through our squatter rights laws. The issue of squatters rights has been growing in the United States, as several states allow people to live rent free in homes, while homeowners can do little about it despite shouldering the mortgage payments. In this live Q&A with Crossroads host Joshua Philipp, we'll discuss this topic and others, and answer questions from the audience. Views expressed in this video are opinions of the host and guests, and do not necessarily reflect the views of The Epoch Times. ⭕️
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In today's episode, Andy & DJ are joined in the studio by Kyle Creek. They discuss the TikToker telling his followers how to invade American homes and invoke squatter's rights, no charges for the NYC subway rider who shot a passenger, and Mike Sington, the ex-NBC exec deleting the tweet calling Barron Trump fair game.
This week, in the whimsical world of “Grape Encounters Radio,” where the love of wine... The post Episode #766 – Epicurean Extinction: The Erosion of Cooking in American Homes appeared first on .
In today's episode of "Welcome to Cloudlandia", Dan and I discuss the unexpected cold weather that recently swept through Florida and Ontario. We talk about how the weather can affect our moods and the emotional connection between climate and architecture. We share personal stories about winters and pay tribute to oak trees that stand steadfast throughout the seasons. We also consider community planning and how neighborhoods can either embrace nature or ignore natural elements. Additionally, we explore innovative housing, such as modular and 3D-printed designs, while considering ideas on population growth. The future of shelter looks promising. Finally, we wrap up by examining the impact of advertising on media polarization and the changing news landscape. SHOW HIGHLIGHTS Dan and I discuss the unexpected cold in Florida and Ontario, touching on Seasonal Affective Disorder and the psychological impact of weather on mood. We pay tribute to the significance of oak trees and their presence through the seasons, exploring how community planning can integrate with nature. Dan reminisces about the grandiose architecture of the Gilded Age and contrasts it with the simplicity and utilitarian focus of modern home designs. We explore the historical context of Craftsman-style homes and the influence of income tax and antitrust laws on architectural styles. We delve into the topic of U.S. population growth predictions and Peter Zeihan's perspective on the country's capacity to double its population without feeling more congested. The conversation shifts to the current political landscape, analyzing the dichotomy between Biden and Trump, and the challenges faced by third-party candidacies. We examine the accuracy and influence of betting markets on political forecasting and their reflection of public sentiment. Dan describes the impact of the pandemic on education and considers potential long-term effects on future generations. We discuss the shift from advertising to subscription models in media, considering the New York Times as a case study and touching on media polarization and the influence of digital giants. The episode concludes with reflections on the concept of climate as a statistical average of weather and historical climate patterns, challenging the narrative of global warming. Links: WelcomeToCloudlandia.com StrategicCoach.com DeanJackson.com ListingAgentLifestyle.com TRANSCRIPT (AI transcript provided as supporting material and may contain errors) Dean: Mr Sullivan. Dan: Mr Jackson Well well, well. Is it hot or cold? Didn't forward that to me. Dean: Well, it is middling. I would say it's a little bit of a cast, but I think it's on its way. We had yesterday like the first day in several weeks that I felt a warmth in the air. There's been. We've had a bit of a cold overtone to everything. Dan: Yeah, I think cold in Florida in January is worse than cold in. Ontario. Yes In your brain yeah. Dean: And especially disappointing for people who come from Canada expecting. Dan: I was contemplating this on the plane flight we flew it to Chicago yesterday afternoon and I was complaining at how oblivious I am generally to weather. Like I know, there are people who I don't know what the exact term is, but they have seasonal, seasonal mood disorder or something like that. Dean: Seasonal affective effective disorder. Yeah, Sad. Dan: Seasonal affective disorder. Right, yeah, and you know I don't exactly know what goes on there, but the only thing I can say I don't have it, yeah, exactly. Dean: I don't mind overcast either. That's funny, but you know I am 24 years now into a snow free millennium with only two asterisks, and those asterisks are both because of you. The only time I've seen snow in this whole millennium is on the occasions when I've been in Toronto in the winter because of the cold In the winter, because of going to 10 times when you started the 10 times program, and then I believe there was one time in Chicago that there was some snow, usually three out of the four dates you get away with no snow, but there's always that December till, you know, april time when it somewhere in there you might end up with some snow. Dan: Yeah, well, we have snow on the ground, I mean fresh to overnight, but the sidewalks are already dry, naturally, and I already arranged. Dean: I already arranged, with the powers that be, to put the asterisks beside my thing, because although I've seen snow and been in the presence of snow, I've not had snow touch me, so the purity of it is intact, although the technicality of it is. Dan: I've been in snow, so yeah, I remember our very first client from Australia mid 90s, from Sydney, and he came to his workshop in Toronto one winter and his wife came with him and he got a call from her while he was at the workshop that she had gone outside in a snow head fell on her. Dean: In Australia or in no. In in Toronto, all right, a snow head falling on her. Dan: It's the first time in her life that a snow she was talking about a flake. Dean: She was talking about a flake yeah yeah, I got it A snow. Yeah, usually you can have as many as you want. Dan: Front all you want, yeah. But I have very memorable childhood winters of hiking through fields and woods in the snowy season, and you know, and of course when you're six years old, the snow is deeper than it is when you're 80. Yeah, but I, so my I have a real warm spot in my heart about snowy treks, you know, and imagining that you're a member of, you know, an arctic exploration, everything things that you do, you make up, you know, you make up, you know romantic images based on your reading regarding snow. But I like the forest seasons. I'm a real fan of the change from one season to the other. And then, you know, we have these massive oak trees in our lawn. We have seven that are you know well over 100 feet and and they're real friends because we've had them now for you know, for at this particular spot, we've had them for 20,. This is our 22nd year. And you know and I just you know they're kind of friends, you know they're kind of dependable friends. Oaks tend not to disappoint, you know they're not they're never late, they always show up, you know that's exactly right. Yeah, and but, it's just interesting to watch the change of the scenery and our lawn based on what happens to the oak trees over the course of an entire year. Dean: Well, you, you have not yet been to the four seasons, Valhalla but we are surrounded by 150 year old oak trees. It's like a park. Right out in front of my house. I have a big one that spans over the driveway. It's beautiful. Dan: I think these are called they're in the south there's this variety. They're called pin oaks. I don't know what the actual name Live oak. Well, live oaks are the best. Dean: That's what I think we have, because they're they spread. You know, they've got quite a nice canopy. Dan: When an oak tree is alive, that's the best. Dean: Oh, I see, oh, yes, that is. Dan: You know, You're always a bit worried about the dead ones, the dead oaks are the best yeah, oh my goodness you crack me up. Dean: I'm constantly amazed that they come and so that tree in front of my house. We've got them all throughout the whole neighborhood here and they come and they'll like lop off entire branches, like entire, not just the little things but big things, and they'll just keep going and grow right back and shape the way, because often it'll they have to trim around because the limbs will come over my house right and if it were to fall it would be a problem. So they always keep it outside the perimeter of the roof. Dan: Well, it must have been interesting because, to you know, the zoning in your place must have taken into account that you can't cut down the oak trees. Dean: Yeah, that's true, that's everything is built around them and our H away takes care of all of the landscaping. So everything it's all uniform. It looks like a park so you don't have, you know, different levels of care being taken. Everybody's at the whole, the whole place looks great. Dan: So no opportunity for status right. Dean: That's exactly right and they owe that tightly deed restricted. Like you're, absolutely right, Like it's. You know, every house is the same brick. There's approved tile, they're all tile roof. You have to have a tile roof, you have to have copper flashings, you have to have this Valhalla brown as any exterior paint the windows, everything. It's all you know. They started in the late 80s building in here and they've, you know, as recently as two years ago. The last, the last home was, was built in here, but there's only 50 homes in here but you wouldn't be able to tell. You couldn't tell which ones are new and which ones are from, you know, 1980s, and that's. It's kind of nice, it's cool, but we've had you know I say it's funny. You say it's an interesting thought that no opportunity for status in here. Because so when I moved in here 22 years ago now 2002, I was by far the youngest person in here and thought I was would joke that 20 years from now I'll be old enough to live in here. And this is a my neighborhood like. Right beside me, three of the four houses to my right were referred to at the time as Citrus Barron Row, where these guys were, all you know, in their 70s and 80s and had built the Citrus. You know they were all sort of competitors in the Citrus business in Polk County. At one time Polk County produced more Citrus than the entire state of California and so so these guys were all there. My neighbor across the street was the guy who started Steak and Shake, the restaurant chain, and when he died he he left $20 million to Indiana University for the Kelly School of Business Wing there, and the my neighbor who moved in there is now the own company called Colorado Boxed Beef and they are like an Omaha Steaks type of thing. So anyway, fascinating people but very like low key. You never know about any of them that they're who they are, and I think that was part of the intention of the community, you know when they built the community. But it's very interesting. Dan: Yeah, it's really interesting the reason I brought up the status thing, relationship to a, you know, a design community, you know just use the word design community and the first one actually was in. I think it was in New Jersey. And it was called Levittown and it was designed by a man by the name of Levitt, and that was the first design community that was where individuals could buy homes. I mean there were sort of during the industrial age, growing you know in the 1800s there was, there were company towns. you know where the corporation, the company, would design all the homes and you know, they would do it on the cheap. They would do it on the cheap, and they're actually. There's a town outside of Chicago called Pullman. Dean: And. Dan: Pullman was the cars. Oh yeah, pullman cars right. Pullman. Dean: Pullman cars, Rail rail cars, right yeah. Dan: And the railways. Yeah, and that was a design company town and all the businesses were owned by the company and the only people who could live there were people who worked for the Pullman. So you've had that type of thing. You've had that type of thing, you know. You know it's probably from the beginning of industrialization, hershey, Pennsylvania, kind of that way too. Dean: Yeah, Kohler, Wisconsin yeah. Dan: Kohler, wisconsin. Yeah, and so the. But I think Levittown was actually. It's worth it for people to look it up. It's a very interesting thing. Dean: Yeah, I remember seeing some documentary about it. Dan: And it was huge. I mean it was huge, it was in the thousands of homes. Dean: Yes. Dan: And yeah, and then you know, the idea caught on. Dean: Yeah, well, that was what, as the evolution of you know, as cars became the big thing in the highway system, you know you could have. That was where the suburbs really began. That was one of the first suburbs of Firecall. Yeah, yeah, very interesting that actually started that really started in. Dan: I read the history of the Victorian age and Great Britain which, last you know, is basically from the beginning of Queen Victoria, which was, I think, 1820s, 1830s, right up until she died and she was in for more than 60 years. And but the big thing was the expansion of the London rail system. You know it kept going further and further out and you know London Americans who have no idea of what you know a city train system looks like, because London has seven that I visited. They may have more, but they had seven major railroad stations and these are huge. These are as big as you know. They're like Grand Central Station but there's seven of them. And then the lines go out like the, you know like the, like a clock face that go out, you know and, but they kept pushing them further and further out, and one of the big things was that you could live right on the rail system and they started building these suburban towns, not with the uniformity that you're talking about with you know, with your, your community, but but that whole idea of the suburbs became a big thing, you know, and and that it changed things economically, it changed things politically, changed things culturally. Dean: And that's. Dan: That's very interesting thing. And you know and contrast that with where we have our home in Chicago, that right after the war it was sort of a factory or it's right near the airport and they built all these boxes you know, and they were just streets and streets. Yeah, yeah, and they were the same. They were, you know, not big but completely uniform, and I think around that happened probably for a period of 10, 15 years, straight up till the 60s, and then the. Park Ridge, the town that I live in, passed a law that if you build the house, it couldn't be. It had to be different from the two houses on each side of you. Dean: Oh, wow, that's interesting. I wonder about that, Like the. This evolution would be an interesting, like you know, seeing the architectural journey because, if you go back to, have you ever been to Newport in in Rhode Island? Yeah, newport, rhode Island, have you ever been to see the? Vanderbilt mansions and all those things. Dan: Well, they were called cottages. Dean: They were called Newport cottages, exactly. I love that yeah. Dan: Yeah, they had 40 rooms, you know yeah. Dean: So when you look at it in a world pre-income tax and pre-antitrust all of those things- I think income tax probably made a difference. Probably. But, you look at that, that gilded age of where opulence was the thing, that's where you get all those, you know, huge mansions, in New York City even, and the whole thing. People were, they were big and there's nowhere. You know, across the street from me there is a new development. So one of the Valhalla was kind of out, you know, surrounded by 350 acres that one Citrus family owned for years, right there's almost a mile on Lake Eloise of Lakefront, and there was no houses on it, it was all just orange groves. And so recently, you know, a few years ago, they sold the land and now they're starting to develop this neighborhood, this new, you know, giant subdivision called Harmony, and the houses they start the first phase, like in the last, in the last year, they've, you know, made quite amazing Headway on it. But damn, the houses that they're building have as much character as the houses in the board game monopoly. They're just little Boxes that they're putting right beside each other on all of these things. And the two-story houses look like the hotels In monopoly, you know, and there's no, they're just boxes with windows and a two-car garage and a driveway and Zero Character. You look at the homes that were being built in the, you know, in the 20th year. They 1800s, 19, 120s. The homes were all Craftsman style homes, you know, like there was some artistry to them. Now, in every way, it's really come full circle to pure Utilitarian. You know, utility, just what's the? yeah right angles with very little, you know very little. Dan: Yeah, it's really, really interesting because you know there's kind of a Van vanity that goes along with the times. You know another yeah well, we do things better than people did a hundred years ago. Well it was very interesting that a hundred years ago you could go to the Sears and Roba catalog. Yeah and you could go, where you could buy a house of the and, and they would have pages and pages of different styles, and, and what you would do is you would order it you know, yeah, and you had to pay. You had to pay for it. You know you had to send a money order. You had to Western Union that you know you had to send a telegram and then the money would be secured at the other end and about five days later, by train and truck, your house kit would arrive, and then you had to engage with a local builder and the local builder would just follow the manual and would put up a house, and some of these houses were 10, 12 Room houses, you know yeah yeah, they had big porches and everything else. And then you could modify them. I mean, you could modify them, you could paint them whatever color you wanted it. There's actually a town in Michigan, frankenmuth, which is sort of a German theme. It's sort of one of those theme towns. You know where. It's a German town, so they have a big October fest there every year and you know they have German restaurants and I suspected happened because there were a lot of German immigrants to that area of Michigan. But they have more intact lived in Sears and Roboc houses than any other community. Dean: Oh, wow and and. Dan: But if you go to, you know, if you go to Google and you just put in Sears and Roboc houses images, you'll see the bit, you'll see all the pictures of these houses in there. It would be considered sort of lavish today, these houses, you know. But it was just you know it just arrived by train. You know it was big curtain after curtain. Everything Funny that we've kind of come. Dean: We've kind of come full circle on that. Now. The biggest trends are, you know, pre modular manufactured manufactured homes yeah, that they deliver, and even now 3d printed homes and I think it's probably gonna be a combination of that of 3d printed and Modular yeah, interior things that's gonna be. But you know, you look at it, it's like we're still have you seen in any? I don't haven't followed it, but population projections for the United States over the next 50 years. Have you seen what's the projection? Dan: So they're three, you know, they're mid is probably, you know, and that's a lot of illegal people who became legal you know, so there's a ton of illegal People in the country right now right and everything. But they estimate. You know that the US is going to grow pretty much at. You know, if you look back 30 or 40 years probably, you know probably the same rate of growth to you know, one or two percent per year that population grows and but they're the Peter Zion in his books and I thought about him a lot on the pre bird podcast. Yeah, but he said that the United States still has so much land. Oh yeah not, that's not settled. I mean it's. You know, it's geographically established. And everyone but he said the US could. This was. He was using three 330 million as the base number there and he said if you doubled the population 660 million the country wouldn't feel any more crowded than it does now. Dean: Yeah, that's very interesting and I can attest to that for Florida in itself, yeah, but we was Hard. Dan: As for it is like 30 million now, I think it is. Dean: No, it's on its way to 30 million in by 30. By 2030 it should be 30 million. Yeah, it's 20, 24 million or something right now, but we're the fastest growing. They are alternating between Texas and, but we grew last year at 1200 people a day, you know. So we're growing a city the size of Orlando every year. Yeah, and there's plenty of part of the reason. Dan: Part of the reason, I think, is the retiring baby boomers. Dean: Oh, yeah, yeah. Dan: And in other words, that I may be an anomaly, that I'm 80 and I'll be 80 in May and I don't feel the cold doesn't bother me. You know, right, cold weather, but there's a lot of people, you know, I mean if you have arthritis. You know the cold bothers you, you know and other things. But you know, I know I have no thought of ever and Babs would be with me here. No thought of ever living as our permanent home anywhere but Toronto right and. But we visited, our favorite is Arizona, so we go to. Arizona a lot during the year, yeah, and. But I have no, you know, I mean there wouldn't be anything under. Well, one day We'll be able to go and you know they'll spend. Dean: You know, spend you know, six months, yeah, some warm, and that doesn't really. That's playing into Florida's hand in that it's still part of the dream for many people. Oh yeah, it's you know you when we were talking about guessing and betting, that you know I think that's a pretty certain guess that from you know what's not going to change in the next 20 years, that you know right now still we're in the middle of the, the baby boom, baby boomers turning 65, there's going to be 10,000 people a day turning 65 right now, which will be 2028. Dan: 2028 is the year when all people born during the baby boom era are now older than 65. Yeah, 2028. Dean: Yeah, so you look at that and it's like in the Northeast that is almost like you know. It's almost like mandatory military requirement. Back it up. This is where you get shipped to. Dan: This is where you get shipped to yeah, yeah, yeah and, of course, the Northeast is by far the most expensive from a government standpoint is the most expensive part of the country. Yeah regulation and taxes. Dean: Yeah, you know. Dan: I would say from New Jersey right up to the Canadian border. You know that there's a movement south. I mean, obviously Florida has great attractions. You know, other than, but even economically, that your tax and regulations are way more tolerable than in the. Northeast. Yeah, you know I kid people who are from California, you know I. You know who are in the plant base. New York not so much New York, but California. It's easier to pick on New York than it is, or pick on California than it is. New York, california was the dream place. You know, you went to. California. That was the great dream, and I said so at some point. Are you thinking about moving to the United States? Dean: That's funny. Yes, exactly. Dan: Yeah, yeah, yeah, yeah. I've got a client who's from Montana Bozeman, and he's. I said why is Bozeman so popular? And they said it's, it's. It's the closest place in Montana that you can be near the United States. Dean: Okay, it's so funny, those places, there are lots of those like. We've got a client in Miami, in South Beach, and they said that's the refrain, that's their clients. What they like about South Beach is that it's so close to America. You know, you can certainly be in it, but not of it there. That's the truth, you know, yeah, yeah, I think that's kind of what you know every, that's what's kind of buoying. You know Ron DeSantis, his, you know his polling is. You know, the only reason he's even in the running is because of you know people looking at what he's done for Florida. His whole campaign was make America Florida. Dan: But that would be, you know, that would be candidate who just has had no United, no experience outside of Florida. Dean: Absolutely Right, I think that's it. Dan: Each of the states is a country and people. You know people have their. You know the whole notion that everything should be like one place. Dean: Yeah Right, that's not it. Dan: I mean, there were a lot of rookie mistakes that he made. You know you, yeah. The other thing is that he's running up against somebody who's done two complete national campaigns before this one. He's a great organizer I mean President Trump is. Dean: I think everybody is. I think everybody is baffled by his. I mean, it's not even close the lead that Trump has over everybody else in the polling and in the you know the things. It's just what a year this is going to be, you know, to see how this all plays out. Yeah, and I think some cases. Dan: some cases are going to, especially at the level of the Supreme Court, and one of them is, of course, the appeal to the Colorado move. Dean: Oh yeah. Dan: Trump can't be on the ballot and I think if the justice the justices, I mean it'll the Supreme Court will overturn it, but I think the justices would be smart to make it 9 to 0. Yeah, because this is and it's just an interpretation of one of the amendments the 14th Amendment, and that's you know, and, and they're going to establish that, and then that becomes the precedent. So all the other states, like Maine or anybody else is thinking about it can't do it you know, and that's the role of the Supreme Court are to interpret the Constitution. Dean: Yes. Dan: But that'll be seen as a big win. And then there's another one that he has where there's a special prosecutor who's after him and there's he appealed the special prosecutor that he needed to ruling and they said, no, this is your issue, you have to go through the court system. And that was a win for Trump. And and the whole point is everybody's desperately trying to get the actual trials because he's been indicted in before the election. But there's all sorts of ways that you can delay it into the future. You know, and anyway, so I was reading that the whole notion of January 6 and the insurrection, you know that's the key issue here, that January 6. And insurrection, but none of the charges against him are mentioned. The word insurrection, you know they mentioned. You know it's tax things that he hit documents with him, you know you know when he left the White House and everything like that. But I don't think they're going to stand up to scrutiny and but everyone that he wins now is like his poll numbers go up when he's indicted. His polls numbers go up when the retirement is overturned his poll, numbers go up. Dean: Yeah. Dan: But he's 24 seven. The thing that the media know is that when they have anything about Trump, they get higher viewership and there's more advertising dollars and so they're caught because they'd like to take him down. But everything they do to take him down increases his poll numbers. Crazy, yeah, but it's interesting. But it's interesting like the. You know, my Jeff Maddoff and I did a podcast last Sunday and we were comparing the phenomenon of Taylor Swift, the phenomenon of Trump. Oh, wow. Completely different. You know completely different world and everything but but each of them has created a movement that people feel that they can participate in. Yeah this is. Nobody in the music industry has what she has as a movement and nobody in the political realm has what he has in the. You know it's a nationwide movement. Yes that you feel you can participate in, and but it's amazing to me how heavy the field is. Dean: You know, in terms of like, it's really only Biden and Trump. There's no real viable, no candidate. I mean even as much of a. You know we saw Robert Kennedy in Genius Genius network and you know they as running as an independent, which is, you know, that's a non-starter and there's no, that's not a difficult. That's not a difficult bet to guess. Even if he is a reasonable, you know it has some things and you start to see now even know there's nobody coming Behind, is not even any alternatives. You know like you look at Vivek Ramaswamy and yeah, you know, although he kind of has Obama Undertones to reminds me, like as a speaker and articulator, communicator, but I don't know, for me he it's just the tone, that it's more important to him to be right, that he was a win. The argument you know through, yeah, clever Elecution yeah. Dan: I don't know how that win the battle, but lose the war. Dean: That's what it feels like to me. Right like that is just kind of that. It just has. Dan: It's more important to him the real motivation is to prove that he's smart enough, or whatever you know yeah, and you know, I mean first of all the times we're in dictates whether people think that somebody's viable or not. And I mean this is a time of tremendous change. I mean, it's probably the Most change since the second world war. I would yeah that, the overall changes that we're going, and and everything gets Shaky and unhinged just when you have a big, when you have I just looked at like last night. Dean: It was so funny. I looked at the you know the odds Makers, the. I found a cumulative thing and it's it's all trump. Trump is the the Betty market. Dan: the bedding, yeah, the bedding market is all on trump, and that's yeah. Dean: Yeah, and the betting markets. Dan: They were wrong with trump the first time. They you know they were they. I mean they had Hillary, like Day before the election they had heard like at 85, 90 percent, you know, yeah. So so people say yeah, yeah, but that was a fluke, that was a look and I said, yeah, but what if the candidate candidate himself, is the fluke? Dean: Right, exactly. Dan: No, but I did. Dean: Of all of the field. It wasn't. It's not like an 80 percent thing there, I think it was like 40 percent Likely, which is the top of all of the. Dan: That was against the field, including everybody including, but what you go head on head, they all have trump Biden and it's like 60 versus 60 40, you know oh, wow, okay that's interesting and yeah, and that's what people are betting on, but that those, the betting markets, can be gained and and I'll give you an example was brexit, which happened, you know, in the may, in may or june, I think of 16 before the presidential election, and the interesting thing is that debates are a big thing in Great Britain and they're televised and there were 10 of them in the six months leading up to the actual vote on brexit Britain leaving the European Union and and I watched them and with every debate the Leave side had all the emotional issues. The Stay side had a lot of intellectual, intellectual arguments and they were you know, they're British, they're very articulate. It was, you know, it was well said on both sides. But the the thing that really cracked the back against the stay side Was the european union decided, about three months before the campaign started, that they were going to regulate the electrical, electrical charge of teapots in Great Britain and everybody had to get rid of their teapot because they were using not too much. And this was coming from Brussels, you know, from the European union. You just lost it. You screw around with her because every If you have to change your tea cup, then every every day at three, three to five o'clock. You're talking right, get out of the european. You're not talking about. Dean: You're talking about the football players. Dan: You're saying let's leave Britain those suckers. They can't tell us, you know. So it's always like the bud light. One thing in the united states I said that was a crack, that was like an earthquake you know, that you're fooling around with our beer, can't you know you can't yeah you know, you can't fool around with our beer, can't I so funny you know and I think it's always comes down to a gut issue very emotional that everybody gets like everybody gets they're pulling around. It's like you know, when they closed down all the schools, all the states that closed down the schools for it, they didn't close down the schools, they, they closed, I mean the individual schools for one reason or another. Can you know? Could you know have special reasons or anything? Else yes there wasn't coming from the top. There was no really on the schools and they did enormous damage. We now know that there was enormous damage Done to those people right at the early stage, when they're starting to learn how to socialize or, you know, and I think we're going to see a damaged generation, maybe two damaged generations in the future, who, you know, had too much time on their hands alone. Yeah, my, my feeling is, and it strikes me right now, that trump just has a monopoly on all the gut, emotional issues. Dean: I agree, like you look at, it's pretty amazing how Cloudlandia has really shaped the way we think about these elections, like I think, as cloudlandia has really become the primary place that the elections have. Probably you know, it seems they've become more contentious or more divide, dividing, and I don't know how to clear enough Remember you know what that happened. Dan: Yeah, no way that happened. Yeah, and there I had a really good article on this and I had to do with how the media gets its advertising dollars. Right, okay and, first of all, the media got their advertising dollars taken away. Okay, because facebook and google have 70 percent of the ad money. Now just those two companies. Yeah, okay, so a lot of the media had to turn to a Subscription model so for example, let's take the new york times. Yes and you know not my, you know it's not a paper that represents my political interest, but I always found it an informative paper. There were always good articles up until I would say, probably 10 years ago, okay, and and the reason was they made their money from newspapers that went to the street every day. Know that and whoever wanted to buy the new york times would buy the new york times. Yes but they were very thick papers. The daily new york times was a paper and you know a lot of the pages. I mean 40 percent of the space was. Advertisers you know, yeah, yeah, yeah. Well, what happened then? When the, the advertising dollars went away, they had to go to a subscription model and therefore they just moved to the part Of the population whose politics agreed with the new york times, and they lost everybody. His politics didn't agree with the new york times. And the same thing happened on on the other side of the political spectrum. So, for example, great bark, which is now a powerhouse On the, you know, on the internet that a strictly an internet. That's strictly an internet media company. Dean: Yes, town hall. Dan: Yeah, news news max town hall. These didn't exist. They really didn't exist. You know, 10, 15 years ago but, what people going to drift from the you know the media sources that they used to go go to because it just favored one side of the political spectrum. Look for new opportunities and these other, these other real, clear politics is another one real court pox has as emerged, and so that's what polarized things was the disappearance of advertising dollars. Dean: Or the. You know, it's really interesting that you just brought something up that I thought about, that. You know the New York Times print edition, you were any. You had to get the whole newspaper and so you're getting all of the things, but when you're online, it's all parsed out to the individual articles the clickbait and who they're attracting, and then it made more sense to lean into the audience that you are attracting, right, that's. So the bias became more pronounced, I think right or evident. You couldn't, on balance, balance it out in the entirety of a print edition of the newspaper, because it's only individual articles and pages that are getting attracting the traffic, you know. Dan: Yeah. Dean: That's something. Dan: Yeah, so I mean there's many other reasons besides that particular one. But from an economic standpoint that was the main economic reasons why polarization has happened, and you know, and it's become much more subjective to the reporting has become much more. You know, they're not reporting on the facts, they're interpreting the facts and commentating on the facts. So you don't have reporters anymore, you have commentators. You know. You know the reporters are building them the political message into the reporting of the facts. You know, and I mean, for example, you can't get any reporting on global, on weather you know weather, you know extreme weather without somebody interpreting as just another sign of global warming, which is, global warming is not a scientific issue, it's a political issue, right, right, right, yeah, yeah, the science doesn't support it. I mean, yeah, it's going up, but we're coming out of an ice age. Dean: You know, we've been coming out of an ice age for 10,000 years, and that's what I meant, that's what I always fall back on that, dan, that somehow we lifted ourselves, the planet somehow lifted itself out of an ice age without the aid of combustible engines and fossil fuels. Yeah, so somehow that was the it was possible. You know it was happening before. Dan: Yeah where I live in Toronto. I was under about 500 feet of ice Right. Dean: Right, right. So, the big thaw. Dan: Yeah, it takes a while, you know, for glaciers to actually, you know, and it's just a gradual warming up and then there's periods when it, you know it dips down. You know that you got ups and downs and you know the temperatures. You know the temperatures, you know, and there's fluctuations. You know the the heat. Climate doesn't actually exist. Climate is a statistical average. All the weather, like, yeah, where Valhalla, where you are, the climate in Valhalla is totally determined by 365 days of temperate. You know of weather and they're just measuring it and they call that the climate. But, nobody experiences. Nobody experiences climate. Dean: We experience weather. Dan: Yes, climate is just, it's just an abstract term to measure. You know, all the weather in one place and climate change Even, yeah, even, in Valhalla, probably, where you, where you are, are you shaded by the oak trees? Dean: We not particularly. I mean it's, they're there. No, it's not. The whole house is not shaded by oak trees, but there is shade in the neighborhood, yeah. Dan: Yeah, but it's really interesting that if you where you go for coffee. It might be an annual average. It might be one degree warmer where you're getting your coffee than where people live. Dean: Oh, global warming. Dan: Yeah, well, you know, it's kind of like I was thinking about all these yeah. Dean: It's like you know Deming I was sort of in rereading Deming lately and you know one of his, his, the funnel experiments, where they would, you know, move and adjust the funnel based on the last result. So it's kind of, and that created the greatest variation by you know adjusting with each data point, as opposed to you know adjusting the system. Dan: Yeah, well, here's the thing, that one of the you know you had the polar bears as one of the symbols of global warming. Remember the polar bearer thing? This was Al Gore. He got on the. You know the polar bears, the actual, actually the population of polar bears, and there aren't a lot of them, but you know, they're in a particular latitude, above a certain latitude line, going or going around the world, and their populations actually increased since he started making a prediction that they would be gone right now. So they've actually increased. But the other thing, that the other thing is really interesting are the Maldives. The Maldives about a thousand islands in a cluster in the Indian Ocean and the Maldives have been petitioning the UN that they need to get a lot of money because you know they're sinking in the sea. The average height of the islands. You know, and there's, you know, there's a thousand, I think there's a thousand in the what's called the Maldive Islands, and you know, it's about two feet above sea level. So they said well, you know, in 30 years we'll disappear. So we have to have massive money to redirect our population. And but actually the the geography of the Maldive Islands, maldives, has actually increased over the last 30 years. They've got now more land than you know, than they had. You know. And all of a sudden you say, well, why'd that happen? Well, they said, we're trying to figure out why it happened, you know, and what about the problem we're? Trying to. We're trying to figure out why it happened. You know which? One is that everything that we were saying before was based on ignorance. Dean: That's a good explanation. Exactly. Dan: Yeah, but what I was going to say? I was just thinking about this the other day. When you look at every cause, you know political cause, you know whatever cause you have, it's about money. Okay. Dean: Yes. Dan: And every movement is a money making machine. Dean: Yeah, that's. It's pretty cake or wrong really following the money. Dan: It all comes down to Jerry McGuire. Show me the money. I'm going to explain any movement on the planet. Where's the money moving? Is the money coming in or is the money going out? Dean: Yes. Dan: Yeah, it was so funny because the Israelis, I think, 10 days ago, killed, I think, the number three Hamas guy who was living in Beirut. Wow, he was worth four billion a year. You know he made like four billion a year. And they've got the top six and they said you know we're going to find you and we're going to. You know we're going to kill you, but the top guys who don't live in Gaza, they live in Qatar. Dean: Yeah. Dan: Qatar. The pronunciation is Qatar. They're living in Istanbul, they're living in Beirut and I bet these are nervous people. Dean: I bet yeah, yeah, could you imagine? I mean, that's kind of. It's an interesting. I had dinner with Leigh, or Weinstein, the other night, two nights ago, and you know we were talking. I didn't realize this, but you know he said there's only 15 million Jews in the world, the world, yeah, I would have thought it was way more. I mean, that seems such. Dan: Well, it tells you the impact of the Holocaust or the Second World. Dean: War yeah. Dan: Without the Holocaust, there'd be now 35 to 40 million 40 million Jews. I saw a projection once. That's how devastating. Dean: It was, yeah, at one point. Yeah, the Holocaust was probably 40% of the Jews. Which, yeah, if you implicate, I mean track that out. It's just like you were saying, yeah, probably 30 or 40 million, that would have. That would have been. I mean it's pretty, it's crazy, and the eight of them are in Israel or whatever, right, so that's. Dan: No, it's not that high. Dean: No, it wasn't it. Dan: Actually Israel, just to surpass the United States, had six for the, you know it's not a fast growing a population. Dean: Israel matters. Dan: And I think they're at. The Jewish population now is could be maybe seven. It's on the way to seven, yeah. Dean: Okay, so I wasn't that far off, yeah. Dan: I think New York City itself has, New York City itself has two million. Dean: Wow. Dan: Two million. Yeah, yeah, that's wild. Yeah, you know they have a lot of history, you know. I mean, you want to know about what's happened to them over 3,000 years. Yeah, they've got a lot of history to talk about, you know, and what a self-granted is, and so so, anyway, yeah, it's really interesting, but they're not confused about who their enemies are. Dean: Right, yes. Dan: Anyway, I think it's meal time for you. Dean: Yes, that is exactly right. I have wonderful. Dan: What are today arriving? Dean: Well, today Dan today, Dan, I have the Tuscan grilled pork chops arriving today with some broccoli, it's so good, it's very good and so yeah, I'm excited this so far this has been a really good. You know, removing of discretion in the pricing. Dan: Row number one do not give Dan Dean Jackson discretion. Dean: Right, exactly so. It allows, it allows rational Dean to make decisions for future team. Dan: Yeah, and I get to enjoy them and it's projected into the future. Dean: Yes. Dan: We're into the future. Dean: Yes, which is great, and so that, just for people listening, have discovered with in collaboration with Jay Virgin, we discovered we've chosen 10 power meals for me that are available on Grun Uber eats, and, using the pre order feature, I'm able to establish these deliveries at 12 o'clock and six o'clock and so bookend my days with these pre healthy meals. So so far, so good. Personal wisdom, yes, fantastic. So stay tuned. Dan: Yeah, anyway, this was really good and this is about weather and location and dwellings. Dean: And very interesting discussion. I love it. Well, have a great day, dan. A week, great week in Chicago, and then are we on for next week. Yeah, yeah. Dan: I'm back in Toronto next week. Okay great, I can try. Yeah, all right. Okay good Thanks, bye, bye, okay.
Today, Dean revisits the topic of the four types of American Homes. Find out about the House of Neglect is. And as usual, Dean takes calls and answers questions.
Today, Dean revisits the topic of the four types of American Homes. Find out about the House of Neglect is. And as usual, Dean takes calls and answers questions.
Today, Dean revisits the topic of the four types of American Homes. Find out about the House of Neglect is. And as usual, Dean takes calls and answers questions.
Today, Dean talks about the 4 types of American Homes. Find out what those are! And as usual, Dean takes calls and answers questions.
Today, Dean talks about the 4 types of American Homes. Find out what those are! And as usual, Dean takes calls and answers questions.
Full Episodes & Our Websites Here: https://linktr.ee/realestateradiohour Democrats propose new bills aiming to prevent hedge funds from buying homes https://www.aol.com/not-profit-center... Another cautionary tale of buying a house unmarried. Advice please Ex Gf and I bought a house. She broke up with me. I want to sell. She does not. We are both on the deed and mortgage, joint tenancy of survivorship. I am willing for her to buy me out but she is in a lot of debt. I know this because I loaned her 10k and she's still in debt. She is dragging this out. We got in at a 3.4% rate and she refuses to talk to me. I do not want this to drag any longer. How can I force a sale or a buyout right away. I can't do either without her consent, and prolonging this is my biggest fear. I know technically she can if she doesn't agree to sign anything. I know she's dragging this to either make me uncomfortable enough to make me leave. That way she can be in the house without me while keeping that low interest rate.. or buy her enough time to pay down her debts and wait for the interest rates to go down which will be torturous for me. I just want to be done and move on with my life. House appraisal came in way over what we bought it for. So we just closed on a home for 310,000 the appraisal came in a couple of days ago for 405,000 because the house was completely renovated head to toe and apparently the sellers agent was basing it off comps that were only similar in size but completely outdated from what I can tell. My first question is we put 15% but still have PMI wouldn't we be above the 20% equity since the house appraised for so much more than we what we paid for me? Second question is will this most likely affect my taxes or cause any other unforeseen issues I can't think of? Minnesota Luxury Real Estate https://www.zillow.com/homedetails/30... Minnesota Lakes Lake Bemidji Social Media Reacts
500-foot view of this new proposed legislation. What does it mean to you? Home owners and Buyers will have more inventory, but will it make a difference? THE GUIDE to your better future Learn more about finance, and how to let is build your financial future. Small and medium-sized businesses struggle every day to manage and deal with clients and employees. We'll help you figure out how to work on your business instead of working in your business. --- Send in a voice message: https://podcasters.spotify.com/pod/show/siliconvalleyliving/message
https://youtu.be/nkGrvjV-hfcMatt and Sean talk about American building standards vs. global trends, and more from the mailbag. Watch the Undecided with Matt Ferrell episode, Why Do American Homes Suck? https://youtu.be/KDXjSpoOQmQ?list=PLnTSM-ORSgi7uzySCXq8VXhodHB5B5OiQYouTube version of the podcast: https://www.youtube.com/stilltbdpodcastGet in touch: https://undecidedmf.com/podcast-feedbackSupport the show: https://pod.fan/still-to-be-determinedFollow us on Twitter: @stilltbdfm @byseanferrell @mattferrell or @undecidedmfUndecided with Matt Ferrell: https://www.youtube.com/undecidedmf ★ Support this podcast ★
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Matt Ferrell is a lifelong tech enthusiast who explores smart and sustainable technology and shares his experiences and thoughts on his YouTube channel @UndecidedMF. Ferrell is currently building a Net Zero home in Massachusetts.Find Matt on the web:Build Show Videos: https://buildshownetwork.com/go/mattrisingerInstagram: @risingerbuild and @thebuildshowTikTok: @thebuildshowYouTube channel: https://www.youtube.com/@buildshowWebsite: https://risingerbuild.com/For more content like this, sign up for our twice-weekly newsletter here.
https://youtu.be/94WZApuU9zUMatt recently interviewed Matt Risinger from The Build Show about why American houses suck. The building codes and techniques used in the US are lagging way behind other areas of the world. The two Matts talk about some of the why of that, but also what we wish we would see more of. Mr. Risinger has an incredible background in building high quality homes … and as a builder, he's seen it all. Check out Matt Risingers channel here: https://www.youtube.com/@buildshowWatch the Undecided with Matt Ferrell episode Why Do American Homes Suck? https://youtu.be/KDXjSpoOQmQ?list=PLnTSM-ORSgi7uzySCXq8VXhodHB5B5OiQYouTube version of the podcast: https://www.youtube.com/stilltbdpodcastGet in touch: https://undecidedmf.com/podcast-feedbackSupport the show: https://pod.fan/still-to-be-determinedFollow us on Twitter: @stilltbdfm @byseanferrell @mattferrell or @undecidedmfUndecided with Matt Ferrell: https://www.youtube.com/undecidedmf ★ Support this podcast ★
This week the Breaking Points team looks at Partisan hatred reaching all time highs and how we got here, a report showing less than 60% of American homes are owned by someone living in them, millionaires claiming they too feel financially insecure, Counterpoints looks at the controversial kiss from a Spanish Soccer chief, and the Late Night hosts have formed a new podcast during the strike called "Strike Force Five".To become a Breaking Points Premium Member and watch/listen to the show uncut and 1 hour early visit: https://breakingpoints.supercast.com/Merch Store: https://shop.breakingpoints.com/ Learn more about your ad choices. Visit megaphone.fm/adchoicesSee omnystudio.com/listener for privacy information.
This week the Breaking Points team looks at Partisan hatred reaching all time highs and how we got here, a report showing less than 60% of American homes are owned by someone living in them, millionaires claiming they too feel financially insecure, Counterpoints looks at the controversial kiss from a Spanish Soccer chief, and the Late Night hosts have formed a new podcast during the strike called "Strike Force Five". To become a Breaking Points Premium Member and watch/listen to the show uncut and 1 hour early visit: https://breakingpoints.supercast.com/ Merch Store: https://shop.breakingpoints.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Today, we have a huge guest, Jim Sheils who shares frameworks that impacted a lot of people and families, how to achieve a legendary family life, having honest and brutal inventory to oneself, building turnkey rentals, and achieve financial and time freedom! Jim Sheils is a father, husband, real estate investor, Wall Street Journal best-selling author, and owner and founder of the family education company, 18 Summers, a company that specialize in retreats, workshops and private consulting for family focused companies, entrepreneurs and professionals looking to strengthen their family lives while still succeeding in business. He is renowned as the "Crazy Glue" for entrepreneur families. His famed "Board Meeting" method and other basic frameworks are assisting thousands of business executives worldwide in reconnecting home. He wrote the book "The Family Board Meeting. Jim is also a partner of Southern Impression Homes, a firm that builds rental portfolios for private investors and institutional buyers (American Homes for Rent, Haven Realty, Crescent APL, Mynd). Real estate has been Jim's core. He grew up with money as their main problem in the family, thus, he wanted to be successful in life to do all the things that his father wasn't able to do. At the same time, wanted to see other business owners and investors not just success in business and investing but as well as at home. Now, as Jim is reaping the fruits of sacrifice and hardworks, while trying to make the most of life of entrepreneurs. This is to have fun and keep connection with families along the way. He created turnkey models and process that creates opportunities to more investors coming in! Some Questions I Ask: When somebody ask who's Jim Scheils, what do you say? How people can build wealth without sacrificing their family, values, and the things that are really important to them in that process? How were you going that decision-making process and matrix going forward? Where did the family board meeting and 18 Summers come about? What is 18 Summers and why is that number matter? What do you think the greatest challenges that parents are facing today that should be spotlighted? Talk a little bit about your build-to-rent business, and why are you guys believe in that model? Who is your ideal investor and how much capital are they thinking they should bring to the table, and what kind of returns they should be looking at? In This Episode, You Will Learn: Being successful in business, investing, and at home. Why you must take an honest inventory of yourself. Jim's spaghetti string. How to achieve a legendary family life. The family board meeting strategy. The power of date night with the question. The pros of having teen night and Mastermind. Quotes: “Before you figure out what's next, figure out what's important.” “I wanted to leverage my real estate to have a legendary family life.” “The mission came before the money.” “Quality time is key.” “95% of the world is broken unhappy, so do the opposite.” Connect with Jim Scheils on: https://jjplaybook.com/ https://www.18summers.com/ Sponsor Links: Accredited Investor List - Text "DEALS" to 844.447.1555 Free Financial Audit: Text "XRAY" to 844.447.1555 Upcoming Events: Text "Events" to 844.447.1555 Millionaire Notes: Text "Notes" to 844.447.1555 Connect with Matty A. and Text me to 844.447.1555 Show Brought To You By: www.MillionaireMindcast.com Questions? Comments? Do you have a success story you would like to share on the show? Send us an email to: Questions@MillionaireMindcast.com
Dallas Jenkins was a former Hollywood director, producing crowdfunded Christian movies out of a church in Illinois when he came up with the idea for The Chosen, the multiseason drama depicting the life of Jesus of Nazareth. Creator, Director, and Co-Writer of The Chosen, Dallas Jenkins joins to share how he worked to create the series, how the show was entirely funded through donations, and how it has been received by viewers. Later, Dallas discusses the impact the show has had on the actors and team that works on it, how Jonathan Roumie's portrayal of Jesus has changed public perception of the story of Christ, and shares the plans for future seasons. Follow Martha on Twitter: @MarthaMacCallum Learn more about your ad choices. Visit megaphone.fm/adchoices
In our previous episode, we ended with a funny story about Congressman John Jenrette trying to get his cousin, Dick Jenrette, an appointed position with the Carter Administration in a high enough spot to get a private government jet airplane. His cousin instead of asking to be Secretary of the Treasury or of Commerce, as John Jenrette had hoped, asked to be put in charge of historical preservation. John Jenrette laughed and said, "I could have kicked him!!"No Airplane!!It was obvious from the reaction of historian Ben Burroughs that Dick Jenrette had gone on to do some great things in which he was familiar. However, I was not, and I am betting neither are most of the listeners of this podcast. So I did a little investigating on my own into who was Dick Jenrette? What I found was a very interesting side story, about a man from Raleigh N.C. , who went to New York, got into the investment banking business, grew his firm into the fifth largest in the world , named Donaldson, Lufkin and Jenrette, and then formed the Classic American Homes Preservation Trust. He gifted several homes to the trust and they in turn have opened them to the public for all of the citizens of the world to enjoy. One of those homes is in Charleston S.C. , only about two hours from where we record our podcasts. So we thought we would introduce you to Dick Jenrette, and to the American Classic Homes Preservation Trust, so that you can hear of the wonderful work they do and can perhaps one day go see the homes for yourself. https://classicalamericanhomes.org/ (We want to thank the American Classic Homes Preservation Trust who created all the videos, save one CNBC Newscast report, we used in this episode. ) Questions or comments at , Randalrgw1@aol.com , https://twitter.com/randal_wallace , and http://www.randalwallace.com/Please Leave us a review at wherever you get your podcastsThanks for listening!!
Greetings from Quito, Ecuador! Today Jason looks at the housing inventory year on year using data from Altos Research. He also reminds us of the LTI or Land to Improvement Ratio when insulating yourself from risk and determine the markets that are profitable for investors. Then, Jason welcomes back his local market specialist for Florida. So what are the BEST real estate markets investors need to look at in Florida this year? Listen in as Jim and Jason dive in to these specific markets and see why these are currently viable markets for you in which to invest. Key Takeaways: Jason's editorial 1:26 US SFR Total Available Inventory- Weekly, Yearly 4:04 The Hartman Risk Evaluator, LTV and the LTI Ratio 7:14 New listings were down again this week, but only by 5% from one year ago Interview with Jim, Florida Local Market Specialist 10:37 Meet Jim, Jason's man in Florida 11:19 Frequently Asked Questions 14:03 A staggering shortage of housing; even more on the lower price range homes 15:20 Affordability: Comparing Salt Lake Utah vs. Cape Coral Florida 18:02 Comparing Boise, Idaho vs. Jacksonville, Florida 19:17 $637M under asset management and $47M in recurring revenue 19:42 Florida is in the middle of a housing shortage 20:03 A $1B joint venture with JP Morgan and a recent land acquisition by American Homes 4 Rent 20:31 Currently negotiating with 2 large institutional buyers and 3D printed houses 22:57 $125M in sales with individual investors across 14 markets in Florida 23:24 Jacksonville Market: 2019 & 2022 24:54 Where we are in Florida and the hurricane issue 29:07 Why the build-to-rent model works so well 30:26 The population is growing- be the one to provide shelter Quotables: "The entry-level housing shortage will never be resolved without a major decline in the population or a major disruptive technology of some sort that none of us could even imagine." - Jason Hartman Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
Justin Lieberknecht never set out to be in the field of real estate. Not only is he an investor himself, but he also serves as VP of Marketing for Poplar Homes. Prior to Poplar, he served as the AVP Marketing at American Homes 4 Rent. He has a background in experimental psychology and analytics which has helped Justin to apply systems and metrics directly to reputation management, lead production, tenant retention, and lead conversion.
In this episode I breakdown what lead to corporations jumping to the residential housing market, the 5 biggest corporate purchasers of residential homes, where corporations are buying the most residential homes and the cities where rental prices have gone the most. The single-family rental industry got its start with government backing in the fallout after the 2008 financial crisis. “It was that rare opportunity that attracted the institutions to build a portfolio out of these foreclosed properties,” said Steven Xiao, an assistant professor of finance and managerial economics at the University of Texas at Dallas. Since the early 2010s, Tricon Residential, Progress Residential, American Homes 4 Rent and Invitation Homes have each bought thousands of homes. They've also added to the housing supply in some cases with built-for-rent communities. This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap. Home Buyer Education Home tips on the go, listen to the podcast https://www.houserichshow.com Email: hello@houserichshow.com First Time Home Buyer School- https://www.facebook.com/groups/fthbschool Home Buying & Credit Courses-https://coinsnculture.gumroad.com/l/rHHKs TikTok https://www.tiktok.com/@coinsnculture IG- https://www.instagram.com/coinsnculture/ @coinsnculture coins-n-culture
I n this Real Estate News Brief for the week ending February 25th, 2023... the latest disappointing report on inflation, a Q4 report on investor home-buying activity, and a new prediction for institutional ownership of single-family rentals. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. Economic News We begin with economic news from this past week and a report that inflation remains stubbornly high. According to the Personal Consumption Expenditures index or PCE, the cost of goods and services rose .6% in January. That's the largest increase since last summer, and raises the annual rate from 5.3% to 5.4%. The core rate, which excludes food and fuel, was also up .6% and raises the annual core rate of inflation from 4.6% to 4.7%. The disappointing results follow two other hot inflation reports for January. It's not clear if this is just a blip in the battle against inflation or a change of course, but it does suggest that the Federal Reserve may keep its foot on the rate hike gas pedal. (1) The next meeting of the Federal Reserve Board is March 21st and 22nd, so a lot can happen between now and then. Fed officials raised the rate a quarter point during their February meeting to a range of 4.5 to 4.75%. The minutes show there's unanimous support for continued rate hikes although some Fed officials believe the economic risks have become more balanced and not just focused on inflation. A few members suggested the need for a half point rate hike to speed up the Fed's inflation-reducing strategy but it wasn't written into the minutes as an effort supported by all members. (2) (3) Several of the regional Fed Presidents also spoke out last week, including Cleveland Federal Reserve President Loretta Mester. She said last Friday that interest rates may need to move higher to curb inflation but she's still optimistic that it can be done without triggering a recession. (4) And it's “so far so good” for the job market. U.S. jobless claims were lower last week by about 3,000 to a total of 192,000. That's below the forecast and a sign of strength for the job market. (5) On to the housing market… New home sales were up 7.2% in January thanks to strong sales in the South. They were up 17.1% in the Southern region and down everywhere else. The Northeast had the biggest drop of 19.4%. U.S. year-over-year sales are still down 19.4%. (6) Existing home sales were also higher in the South and the West, but they were down overall by .7%. As reported by MarketWatch, the amount of sales activity was the lowest since October of 2010. Year-over-year, they were down 36.9%. (7) Mortgage Rates Mortgage rates floated higher last week. Freddie Mac says the average 30-year fixed rate mortgage was up 18 basis points to 6.5%. The 15-year was up 25 points to 5.76%. Freddie also said that as average rates rise, there may be a big difference in rates from lender to lender so it's best to shop around. (8) In other news making headlines… Real Estate Investor Activity Down Almost 50% in Q4 It isn't just retail home buyers who are sitting on the housing market sidelines. Many investors are too. A new Redfin report shows that investor home purchases were down 46% year-over-year in the fourth quarter, but the share of homes bought by investors is about the same. It slid from 19% to 18% for the year. (9) Redfin says that investors had piled into the market in 2021 because of low mortgage rates and high demand for housing. But many are now waiting for rates and prices to come down. Florida agent Elena Fleck says: “A lot of investors are on hold because they still see home prices declining.” She says: “The investors who are in the market are selective and aggressive. Many of them are only offering around 60% of the asking price since it's so difficult to make a profit when flipping homes right now.” Investor activity varies from market to market. The report says investors activity is down the most in pandemic boomtowns like Phoenix and Las Vegas. But there are many markets where the investor share of purchased homes is higher, including Miami, Jacksonville, Atlanta, and Charlotte. Will Institutional Investors Own 40% of Single-Family Rentals by 2030? The institutional ownership of single-family rentals could mushroom over the next several years. According to an analysis by MetLife Investment Management, their share was about 5% early last year, and by 2030, it could be more than 40%. That's about 7.6 million homes controlled by rental portfolio giants like Tricon Residential, Progress Residential, American Homes 4 Rent, and Invitation Homes. (10) Representative Ro Khanna from California authored the “Stop Wall Street Landlords Act of 2022.” If it passes, it would provide disincentives for institutional investors such as an excise tax on the sale or transfer of a single-family home that's equal to the price of the home. It would also eliminate deductions for mortgage interest, insurance, and depreciation. (11) That's it for today. Check the show notes for links, and join RealWealth if you'd like to know where it still makes sense to invest in single-family rentals. We're offering several market tours over the next few months. You can join RealWealth and check out the tours at newsforinvestors.com. And please remember to hit the subscribe button, and leave a review! Thanks for listening. I'm Kathy Fettke. Links: 1 - https://www.marketwatch.com/story/inflation-jumps-in-early-2023-pce-shows-and-stays-stubbornly-high-e406552a?mod=economy-politics 2 - https://www.marketwatch.com/story/fed-minutes-show-some-officials-thought-easier-financial-conditions-could-mean-tighter-monetary-policy-bf431e25?mod=federal-reserve 3 - https://www.cnbc.com/2023/02/22/fed-minutes-february-2023-minutes-show-fed-members-resolved-to-keep-fighting-inflation.html 4 - https://www.cnbc.com/2023/02/24/feds-mester-says-she-has-hope-that-inflation-can-be-brought-down-without-a-recession.html 5 - https://www.marketwatch.com/story/u-s-jobless-claims-stay-firmly-below-200-000-for-6th-straight-week-2ccc7a46?mod=mw_latestnews&mod=home-page 6 - https://www.marketwatch.com/story/u-s-new-home-sales-rise-by-7-2-despite-weakness-in-the-broader-sector-13f6dde4?mod=economic-report 7 - https://www.marketwatch.com/story/existing-home-sales-fall-for-the-12th-straight-month-in-january-lowest-since-2010-17a703ba?mod=economic-report 8 - https://www.freddiemac.com/pmms 9 - https://www.redfin.com/news/investor-home-purchases-q4-2022/ 10 - https://www.cnbc.com/2023/02/21/how-wall-street-bought-single-family-homes-and-put-them-up-for-rent.html?__source=realestate%7cnews%7c&par=realestate 11 - https://www.congress.gov/bill/117th-congress/house-bill/9246?s=1&r=2
Since the early 2010s, Tricon Residential, Progress Residential, American Homes 4 Rent, Invitation Homes. By 2030, the institutions may hold some 7.6 million homes, or more than 40% of all single-family rentals on the market, according to the 2022 forecast by MetLife Investment Management. https://www.cnbc.com/2023/02/21/how-w... Went under contract for a new build 6 months ago and now that same floor plan is selling for 80k less. The house isn't done being built yet. I'm second guessing the entire thing now. Any input would be nice. What would you do if your buyer's agent posted a house he showed you - that you found and that he hadn't ever seen before - on his Instagram story (with 30k followers) and told people to DM him about it? Help: I inherited a crackhouse. I need advice from a real estate agent. I recently inherited a house from my father in a small town in southwest Minnesota. It has been in my family for generations and is surrounded by trash and two live-in crackheads with a pitbull. My grandfather put me on the deed but wants nothing to do with it. I have called the electric company to get the utilities shut off, as it has been illegally powered. Can I sell the house as-is to an investor? Solution For Lower Income Workers To Afford Homes? The pandemic has created a major issue for lower income workers, who are now priced out of almost every housing market. This is due to cash-flush remote workers, investors, and investment funds competing for properties, driving up prices significantly. Rents have increased two to three times the cost of a modest home mortgage at the rates prior to the pandemic, and mortgage payments are twice what they were a year ago. In response to this issue, some potential solutions include: * Regulating short term rentals * Prohibiting private equity, venture capital and other investment entities * Low-income first time home buyers granted special mortgage rates * Examining the free market rules Social Reacts Sell This Listing Photo Credit: https://www.reimaginerpe.org/book/exp... Show less
On today's podcast episode, I talk about the current state of the real estate market and where I think the market is heading. One of the questions I get asked the most is "what do you think of the market right now" or "do you think the real estate market will crash. This podcast episode answers those questions. Disclaimer: I cannot predict what will happen. No one can. There are too many unknown variables like war, interest rates, the Fed, the dollar, stock and bond markets, etc. However what I can tell you is my opinion on what I see and how I interpret it. That is what this episode is about. Prices have moved exponentially higher. I was looking today at houses that were worth $150,000 in 2000 that are now on the MLS at $300,000. In many markets, prices have doubled in two years. So be very careful of listening to the "Case Shiller Home Price Index" and other data that is put out by mainstream companies because a lot of this data is skewed because it's an "average" or "median" of the entire country. Different cities and different States have completely different demographics, population growth, job growth and demand (or supply). Averaging this data gives us a big picture. But we cannot invest in our local market with data based on the entire U.S. Real estate is local. If my market is Port St Lucie, FL I am not interested in what is happening in Phoenix, Seattle, San Diego or Philadelphia. I doubt prices in Buffalo or North Dakota doubled in the past two years. Because no one is moving there. But people are moving to Florida. Florida has been hot and Covid exacerbated that. The past two years have been absolutely insane and it seems like everyone in the U.S. was trying to move to Florida. For that reason many people that are local do not see a problem in our local market. However based on my own research I am seeing some cracks forming. What I am seeing on the ground is a little disturbing. 1/4 of the listings of the homes on the MLS in some cities are new construction homes built by builders in the past few years. Many of these were "build to rent" homes which were supposed to be purchased by hedge funds and private equity funds (and home buyers). But demand has dried up. No one predicted that rates would move from 3% to 6 1/2%. So these builders are sitting on excess inventory and have had to slash prices. At the same time, their biggest buyers are drying up too. Many of the largest single family home buyer funds are not buying any more and have ceased their buying operation until they can get a handle on this market (and their inventory). Offerpad, Open Door and other iBuyers are hurting. Some of these operations even have going concern situations (Offerpad just dropped below $1 a share today). Invitation Homes and American Homes For Rent and most of the large Hedge funds have stopped buying too. They stopped buying around July/August of last year. Some only stopped buying at the end of last year. Now they know there is a problem. So if the largest private equity and hedge funds, titans like Invitation Homes and American Homes for rent are not buying then what are they doing. According to my research they are selling. They are reducing the homes on their balance sheet and they are increasing cash reserves because they know what is coming. Goldman Sachs put out a report just last week of 4 cities that could see a 2008 type of decline. Those were San Diego, Phoenix, San Jose, and Austin. None of those cities are in Florida, but often when troubles start in hot markets like Phoenix, that pain spreads to other cities and towns (and States). And prices being marked down affects their balance sheet, their financing and how much lenders are willing to lend. It looks to me like the smart money (Wall Street) is not buying houses and is selling houses. So So my question is who is going to buy all of these houses? The first time home buyer has seen rates moved from 3% to 61/2% in the past 12 months. The average home buyer has sticker shock when they see what their mortgage payment will be. They simply cannot afford it. So either rates have to come down or prices have to come down. Listening to the Fed Chairmen Powell, I don't think rates will come down too much. He says rates are going up (he said that yesterday). So do I foresee a price decline? You bet I do. I see prices that are already down 10% to 15% in my local market. The Core Logic Us Home Price Insights Report (which came out yesterday) shows a that home prices increased 6.9% from 2021 to 2022. That data tells us nothing about what prices have done in the past 6 months. Prices could have gone up 16% and then dropped 10% resulting in a 6.9% year over year increase. In my local market I see declines at 10% to 15%. New home builders have slashed the prices of new homes from $420,000 to $380,000 in just the last 3 months. That's a 10% decline. Core Logic says prices will down 3% for the next 12 months. I would really like to believe that - but I don't. I think it's more likely that they are down that amount in 1 month! Be careful in this market. Pay attention to what the home builders are doing and how they are pricing their new homes. If the prices of new homes are being marked down, then what does that do to the price of existing older homes? Watch the iBuyers and whether or not they start buying again and whether or not some of them go out of business. That will affect demand and supply. Listen to the earnings calls of the large publicly traded companies and read their reports and what is written in them. Pay attention to details. I believe that prices will come down and that 2023 and 2024 will be a great time to buy real estate. At some point the Fed is going to have to pivot and start lowering rates again. And when they do (whenever that is) it will be the start of another run up in real estate prices. And the hedge funds and private equity funds will be ready to pounce. So Be patient. Wait for the right price and then when you see deals that make sense buy them. Buy anything that will cash flow for you. And don't forget to keep an eye on interest rates. These new homes if they decline another 10% to 15% would look like really good long term buys to me. Keep an eye on that and their prices (and price per square foot).
Jeff Goldberg interviews Nate Peo, Vice President Purchasing at American Homes 4 Rent. He will show you how to stretch yourself, do the uncomfortable things that will help you to take the risks, level up and do the things that you were meant to do. Connect with Nate https://www.linkedin.com/in/natepeo/ Know more about Jeff https://jgsalespro.com/ Connect with Jeff on LinkedIn: https://www.linkedin.com/in/jeffgoldbergsalescoach/
11/14-Nearly Impossible Question
Director of Investment Sales and Strategic Partner Bobby Stamps and Managing Principal Brad Cooper with Blue River Development join the Atlanta Real Estate Forum Radio podcast to discuss the build-to-rent market and rising interest rates. Stamps and Cooper join host Carol Morgan in the All About Real Estate segment. Cooper has been with Blue River Development for 22 years with his partner and brother, Michael Cooper. After working in the Atlanta music industry for several years, Stamps decided to transition into residential sales and joined Cooper at Blue River Development four years ago. Cooper said, “I have been doing this for 22 years and plan on doing it for another 22 years!” Blue River Development provides land origination, development and banking for national home builders, regional builders and single-family rental funds and operators in nine markets across five states. Although the past few years saw agreeable interest rates and a booming market, the economy is changing fast, causing many home builders to halt or slow production. Blue River Development assesses supply and demand imbalances differently now compared to the 2008 recession. With an influence on several aspects of the home-building industry, rising interest rates have a particular effect on the build-to-rent market. Directly clashing with the finished product price, individuals are starting to see the return on cost change from the typical 4 to 5% to more than 6% in most cases. Many builders unable to take a big hit provoked a more creative deal structure approach. In order to adapt to today's fiscal environment, builders are beginning to hop on the bandwagon of becoming fee builders. Cooper said, “Builders have little to no financial risks in this scenario, and it has become an important revenue stream.” Build-to-rent groups are more selective on products and pricing, offering fewer deals in tertiary markets. In the past, Blue River Development has sold deals and lots to American Homes for Rent and other build-to-rent groups that handle their own vertical construction. After sparking up a deal between Haven Realty Capital and Davidson Homes, Stamps prioritized immersing himself within the build-to-rent space. As land developers, the company is well-versed in deals, builders, products, lot sizes, zoning, surrounding schools and more, making Blue River Development perfect for pairing home builders with build-to-rent groups creating successful deals! Stamps said, “We did all we could to network and stay ahead of the curve to gather the intel from all the main players in the build-to-rent game.” Tune into the full interview above to learn more about Blue River Development or visit www.BlueRiverDevelopment.com. Never miss an episode of Atlanta Real Estate Forum Radio! Subscribe to the podcast here. You can also get a recap of any past episode on the Radio page. Listen to the full interview above! A special thank you to Denim Marketing for sponsoring Atlanta Real Estate Forum Radio. A comfortable fit for companies of all shapes and sizes, Denim Marketing understands marketing strategies are not one-size-fits-all. The agency works with your company to create a perfectly tailored marketing strategy that will adhere to your specific needs and niche. Try Denim Marketing on for size by calling 770-383-3360 or by visiting www.DenimMarketing.com. The Atlanta Real Estate Forum Radio “All About Real Estate” segment, presented by Denim Marketing, highlights the movers and shakers in the Atlanta real estate industry – the home builders, developers, Realtors and suppliers working to provide the American dream for Atlantans. For more information on how you can be featured as a guest, contact Denim Marketing at 770-383-3360 or fill out the Atlanta Real Estate Forum contact form. Subscribe to the Atlanta Real Estate Forum Radio podcast on iTunes, and if you like this week's show, be sure to rate it.
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What's are the differences between the rental market and the home-buying market? David Auerbach discusses this, as well as The Home Appreciation U.S. REIT ETF (HAUS). He talks about trading opportunities in REIT stocks, such as AvalonBay (AVB), Equity Residential (EQR), Mid-America Apartment Communities (MAA), and American Homes 4 Rent (AMH). He then goes over finding value in real estate. Tune in to find out more about the stock market today.
For many, it's become a scary world with $5-$6 gas, soaring food prices, spiking rents, the medical system is still a mess, and wages aren't keeping up with inflation. Inflation is at a 40-year high of 8.6%. The Fed raised rates ¾%, the biggest jump in 28 years. For every $1M in real estate debt that you have, you're benefiting $86,000 each year due to your debt debasement. Affordability has become so bad for wannabe first-time home buyers that increasingly, they're becoming your renter. Many project rent growth to exceed home price growth this year. Rent.com's Rent Report shows a 26% annual rent increase nationally. Every 1% in a mortgage rate increase decreases a buyer's purchasing power by 12%. GRE's COO Aundrea Newbern, MBA joins me. We discuss our favorite RE information sources. Aundrea expects to diversify her RE portfolio into more markets. She's been focused on southeast Georgia. Some RE resources we use: www.city-data.com, US Census Bureau data, CNBC.com, HousingWire.com, FRED data, the MLS, AirDNA.co, GREmarketplace.com. When considering adding to your RE portfolio, simply talking to a Property Manager can be more valuable than the best website. Aundrea sees a balanced market at prices $250K+, and a sellers' market at prices below $250K in southeast Georgia. Days On Market (DOM), Sale-To-List Price Ratio discussed. LTRs are in high demand and low supply. STRs are saturated in many markets. Resources mentioned: Show Notes: www.GetRichEducation.com/402 Rent.com's Rent Report: https://www.rent.com/research/average-rent-price-report/ Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB's available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text “GRE” to 307-213-3475 or: eQRP.co By texting “GRE” to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. Make passive income with apartment and other syndications: www.imaccredited.com Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don't Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold Partial transcript: Welcome to GRE! I'm your host, Keith Weinhold. There's so much to pack into one show today - inflation at its highest rate in over 40 years, the Fed raising interest rates the most in 28 years, rents are going up fast, then GRE's COO Aundrea Newbern & I on our favorite REI resources. Today, on Get Rich Education. _______________________ Welcome to GRE! From Auckland, NZ to Oakland, CA and across 188 nations worldwide. This is Get Rich Education. I'm your host, Keith Weinhold. Before I discuss real estate, what's happening with inflation & interest rates is so exceptional that I want to cover this first. When the latest inflation reading came in at 8.6%, it dashed hopes that it's peaked. We have no evidence that it's peaked. And as I like to say, that 8.6% is just the level that the government is willing to admit to. It's really higher. It's the third month in a row that it has exceeded 8%. Treasury Secretary Janet "Grandma" Yellen has already warned of what she calls "unacceptable levels of inflation". And Yellen looks like my late Grandma Weinhold. Yeah, they look a lot alike. One difference though, is that Grandma was not wrong about inflation. Another difference between my grandmother and Yellen is that… Janet Yellen never gave me Star Wars action figures on Christmas like my Grandma did. Well, for many people, especially in the lower middle class, it's become a scary world with devastating $5-6 gas, soaring food prices and spiking rents. (I'll get to that shortly). The medical system is still a mess. Wages are up perhaps only 5%. Their quality of life is really suffering now. Libertarians point out that fiat inflation is theft of one's private property. You earned a dollar. Now your prosperity has been stolen. Sneaky shrinkflation is stealing from you too. Yeah, you're not imagining it, Gatorade has trimmed its 32 ounce bottles down to 28 ounces. A small box of Kleenex has shrunk from 65 tissues down to 60. Package sizes are shrinking faster than Lake Mead, all while producers charge the same price or more. That's what shrinkflation means. It's become an awful economic malady for consumers. So, let's talk about higher interest rates since that's what can keep inflation from soaring. Many interest rate types are based off of the Federal Funds Rate. Now, I like to look at history to see what typically happens in like scenarios. History doesn't tell you everything, but many people don't look at it. Rewinding three years, this rate was hiked up to 2.5% by early 2019… and the stock market was freaking out by then. Trump even demanded a rate cut. He got it and that, turned stocks around. Yes, Presidents are supposed to stay independent of the Fed, but, in any case… Just last week, the Fed Funds Rate was raised up to 1.75%... and the stock and crypto markets have already taken a swan dive off the high board. Everyone thinks that rates are going to be raised again at the next Fed meeting next month. So how do you think that equity markets are going to like that? History shows us that they don't. But see, history shows us that even when the Fed Funds Rate is raised to 10%, it can take years to quell inflation. Commodities like housing, food, and energy, often excel in either inflationary times or recessionary times. That's where you want to be. Buy & own what people need, not what they want. These things have a finite supply. Bringing them into existence takes "proof of work". Proof of work means that it takes real world resources to extract or produce something—like framing roof trusses, growing timber for lumber, mining gold, extracting oil, or growing wheat. If you held any of these commodities individually, you might merely hedge inflation. But if you can control an entire commodity by only putting one-quarter or one-fifth of your "skin in the same", then you get to short the dollar too. "Shorting" means that you're betting that something is going to fall in value—the dollar in this case. Now you're creating leverage and arbitrage. You're really profiteering from inflation ehre. Real estate is like a basket of commodities. It is made of: lumber and copper and glass and all kinds of commodities. So, if you have $1M in real estate debt, it's now being debased at a rate of 8.6%. Great. This effect alone has increased your prosperity by $86,000 this year—$86,000 this year alone, and that's besides appreciation, income, tax benefits, and amortization. Yeah, you've got an $86K tailwind. Do you remember back in 2019 when I did the podcast episode called The Debt Decamillionaire? It was Episode 260. You might remember that episode. That's when I touted the counterintuitive merits of taking out $10M in real estate debt... with the payments outsourced to tenants. Now, I know that not everyone has the wherewithal to do that. But if you were able to implement that plan, it has now created an extra $860,000 of annual wealth for you. Yes, as one of just five ways you're paid. If you think that sounds scary - or unconventional - it's definitely unconventional. Because being conventional gets one nowhere. So, though you might have not been able to amass that much good debt, I was ahead of the inflation, helping you get out in front of it to take advantage of it. Of course, I talked about it well before 2019 too. And, no, I sure didn't know that a pandemic was coming in 2020 and it was going to bring all this inflation this quickly… but that is how things worked out. Now, if you're uninitiated on this, if you originate $10M in loans, understand something. Your net worth didn't just decrease by $10M on the day that you got the loan. The day that you originate the loan, what happens is that you've now got $10M in your asset column and $10M in your debt column. Leverage amplifies the $10M in your asset column… and then your debt column erodes through both tenant-made principal paydown - and this higher inflation. Maybe I'm stretching your thinking just merely by discussing 8-figure debt like that. So why is someone really compelled to be a real estate investor today? One big reason is that soaring inflation is going to be around for a while. So last Wednesday, when the Fed raised interest rates three-quarters of 1% - their highest daily increase since 1994. Understand that higher interest rates decrease demand. There's another name for substantially decreased demand. That is called a recession. I don't know if we'll get that far. Now, capitalism is not inherently inflationary. Sure, as employers' demand for labor rises, that's inflationary. But as businesses compete to offer goods and services at the lowest price - which is capitalism - that's deflationary. Libertarians are quick to point out that America has too much government intervention to be considered a truly capitalist economy anymore. That's a different conversation. But some have speculated that politicians are plotting another stimulus check drop on American citizens so that they can deal with inflation. I really hope that they do not do that. Sheesh, this would be a policy blunder. This would be like shooting a man that's already dead. This absurd approach of "printing up currency" would be to help people deal with the consequences of... "printing up currency". If you think that's preposterous, well… Quebec is actually doing this. They're issuing $500 stimulus checks to help the Canadian province's residents deal with inflation. Yeah, that's really happening. Soaring gas prices aren't just painful for summer road-trippers. Because fuel is a critical input for so many goods and services, higher costs are causing havoc across the economy in a lot of places that you wouldn't expect it… Aviation: Airfares in the US skyrocketed 19% in April from a month earlier, an increase that is almost exclusively driven by a jump in jet fuel prices, United CEO Scott Kirby said. Now, you might have expected that one. But get this… Law enforcement: A sheriff's department in Michigan instructed its deputies to cut back on visits for non-urgent calls because it had blasted through its fuel budget with months remaining until a new one kicks in. (Yeah, inflation affecting law enforcement!) Emergency services: An ambulance crew in Pittsburgh said it was limiting its service outside of 911 calls after facing a similar budget crunch. Its fuel expense for the full year is typically $50,000, and it's already got close to that entering June. Landscaping: Lawnmowers and trimmers use gas to make your front yard the envy of the neighborhood. But after absorbing all of the cost increases they can, some landscapers have slapped a surcharge on customers, and others are even looking into electric mowers and propane as an alternative fuel. In any case, a look at history tells us that we could be in for high inflation for a full decade. So make financial decisions accordingly. Risk assets are typically really sensitive to big moves in inflation and interest rates. Major stock indices are down, down, down. And cryptocurrencies are in an all-out historic meltdown. They're more volatile than stocks, and many have lost 50%-60%+ of their value just this year. Crypto trading platforms have halted withdrawals Companies cut jobs Panicked investors dumped their holdings The public is finally dismissing promoters' claims of "Hey, I made $50k on doodoo coin. So you can you!". You don't really hear that lately. Let's Go Brandon Coin, now worth $0.00. And “Let's Go Brandon” coin makes Dogecoin look like some sort of respectable family heirloom. I actually still think bitcoin could have some potential, but… So then where to look? Where do you go for yield today? Some feel that the "true rate of inflation" is 15% today. Then that's how much prosperity you lose by storing cash. (I believe it's wise to hold at least 3-5% of your real estate portfolio's value in cash.) One place could be oil if you think there's still a runup to be had there. But oil has performed well so far this year. Gold still hasn't really awakened despite inflation. What you can do… is… Follow the money. Big institutional buyers like American Homes 4 Rent keep plowing money into real estate, especially single-family rental homes. That's historically the place to be in times of either high inflation or a recession. Though the institutional share is increasing, the overwhelming majority of homes are still bought by individuals just like you. In the fourth quarter of 2021, institutional buyers only comprised 18% of home purchases. As affordability clamps down on wannabe first-time homebuyers, unfortunately, many of these fine people never make it to the closing table. Every 1% in a mortgage rate increase decreases a buyer's PP by 12%. Mortgage interest rates are now 6%+ on OOs, about 7% on rentals. I believe that the only way houses are going to get more affordable anytime soon is if mortgage rates come down. That's because home prices aren't coming down anytime soon. So what do these priced-out people do? Increasingly, they become your renter. Rent price growth is predicted to outpace home price growth this year. Though some measures are lower, Rent.com's Rent Report shows an astounding 26% annual national rent increase. While a lot of major markets are struggling with a streak of Fed rate hikes that could drag on longer than the final two minutes of an NBA game... ...for real estate investors, the rent just keeps flowing in. And here's what it comes down to. Picture this. Like I've discussed before, first home prices rise, and then rents follow later. Picture two waves. Say that these two waves are 18 months apart. The first wave is home prices. Today, prices are still climbing but the wave has likely crested. That second wave that's coming in now are the torrid rent price increases. The trough between the two waves is where the cash flow is worst on new purchases. And now the second wave - that rent increase wave - is building. That's the ah… seafaring here in the rental housing market ocean if you will. Hey, In the past, I've discussed where I've invested and what RE types I like to own. Why don't we hear from GRE's own COO Aundrea Newbern, MBA about how she's positioning her portfolio in this environment of normalizing prices & spiking rents. Also, she & I will discuss some of our favorite resources & websites for real estate info. That's straight ahead. I'm Keith Weinhold. You're listening to Episode 402 of Get Rich Education! __________________ Yeah, great stuff from Aundrea, as always. We discussed markets. Of course, it's about the submarket too. As an example, maybe you don't feel like Erie, PA or Toledo, OH or Grand Rapids, MI are fast-growing markets. Actually, I think Grand Rapids, for one, is growing, but the point is, that even if a metro has a stable population but it's, say, medical district is booming - like a lot of cities' medical districts are… you may very well be better off in an OK metro with a booming medical SUBmarket than you are elsewhere. It's often about that SUBmarket within a metro that really matters to you. There aren't too many places that you can invest & get yield today. But high inflation is the motivator to do so. Create one login, one time, it's free & get access to all of our provider at GREmarketplace.com For everyone here… COO Aundrea Newbern, MBA, Content Manager Matthew Blunt, Producer - me &, Sound Engineer, Investment Coach Naresh Vissa, Website Marvin Diaz Jr, Advertising Jake Madoff, I'm your host Keith Weinhold. Don't Quit Your Daydream!
In this Real Estate News Brief for the week ending June 11th, 2022... inflation hits a 40-year high, demand grows for single family rentals, and a popular TV show inspires a Montana migration. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. Economic NewsWe begin with economic news from this past week, and a report that shows the highest rate of inflation since 1981. The Consumer Price Index was up 1% in May to an annual rate of 8.6%. It was 8.3% last month. The increase is mostly due to rising gas and food prices. If you strip those out, the core rate was up .6% to an annual rate of 6%, which was actually down slightly from 6.2%. (1)The report is setting off alarm bells. Financial experts are now anticipating a 75 basis point rate hike at the next Fed meeting in June, and further hikes in July and September. The talk so far has been more along the lines of two 50 basis point hikes in June and July, but as one wealth advisor told CNBC, this report was a “doozy.” Tom Graff of Facet Wealth says: “The most concerning part of this report was its breadth. The monthly number wasn't driven by a few items. Most of the major categories actually accelerated price increases month-over-month.” (2)As inflation fears grow, so do worries about recession. Now the Atlanta Fed is lowering its forecast for the second quarter from 1.3% to a gain of just .9%. (3) It's interesting to note that real estate accounted for almost 17% of the GDP last year. The National Association of Realtors says it was 16.9% of the GDP or about $3.9 billion. That's about $113,000 in total economic impact for each home sale. (4) The Memorial Day weekend may have contributed to a jump in jobless claims. MarketWatch says they were up 27,000 to a five-month high of 229,000. It calls them seasonal “quirks” due to the holiday and not layoffs. (5) Mortgage RatesAfter idling for a few weeks, the mortgage rate seesaw continues. Freddie Mac says the average 30-year fixed-rate mortgage was 14 basis points higher last week to 5.23%. The 15-year was up 6 points to 4.38%. (6)The average contracted rate of interest was higher. The Mortgage Bankers Association says the 30-year went from 5.33% to 5.40%. That corresponded to a 7% drop in purchase applications. Refinance loans were also down 6%. The MBA says mortgage demand dropped to its lowest level in 22 years. (7)Freddie Mac's deputy chief economist Len Kiefer said in a tweet that the “U.S. housing market is at the beginning stages of the most significant contraction in activity since 2006.” He said: “It hasn't shown up in many data series yet, but mortgage applications are pointing to a large decline over the summer.” He also clarified that he expects home sales to slow down quite a bit over the summer, but doesn't expect them to “grind to a complete halt.” (8) In other news making headlines... Pessimism Among Would-Be Homebuyers A new survey supports the idea of slower sales this summer. Fannie Mae's Home Purchasing Sentiment Index shows that almost 80% of the participants feel it's a bad time to buy a home right now. Almost as many people feel that mortgage rates will continue to march higher over the next year. (9)Fannie Mae expects a mild recession next year, but the agency says that inflation and rapidly rising short term interest rates could push us into a recession much sooner.Demand for Single-Family Rentals Big landlords are responding to a demand for single-family rentals. The National Association of Home Builders says that builders broke ground on 13,000 single-family rentals in the first quarter. That's a 63% increase from the first quarter of last year. (10) American Homes 4 Rent CEO, David Singelyn, told CNBC: “There are not enough quality homes for the number of American families.” He says the quantity of inquiries, showings, and applications for new rental homes is “two to three times greater today than it was two years ago before the pandemic.” TV Shows Drives Newcomers to MontanaMontana is getting a lot of attention as a great place to live, thanks to Kevin Costner's TV show “Yellowstone.” The show features the Dutton family and ranch-style living on large stretches of land with sweeping views of mountains and prairies. (11) Beartooth investment Group founder, Robert Keith, says his company has received influx of inquiries from all sorts of wealthy families who want to buy a ranch. He says: “They are looking to own really amazing large properties” like you see in the TV show. The show debuted in 2018 and has already pumped tens of millions of dollars into the Montana economy, but long-time Montana residents are worried it's attracting too many new residents and driving up home prices. The median home price was $500,000 before the pandemic. It's now almost $750,000. That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review! If you're worried about inflation, real estate is a good way to safeguard your money. Real estate values don't fluctuate as wildly as stocks, and your rental income will carry you through any sort of a downturn. You can find out more about single-family rental investing at newsforinvestors.com. Join for free, and get access to experienced investment counselors, property teams, lenders, and more. Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.marketwatch.com/story/coming-up-consumer-price-index-for-may-11654862886?mod=home-page2 -https://www.marketwatch.com/story/catastrophically-bad-inflation-report-is-boosting-chances-of-a-75-basis-point-hike-in-june-or-july-11654876860?mod=MW_article_top_stories3 -https://www.cnbc.com/2022/06/07/fed-gdp-tracker-shows-the-economy-could-be-on-the-brink-of-a-recession.html4 -https://cdn.nar.realtor/sites/default/files/documents/2022-state-economic-impact-report-us-04-28-2022.pdf5 -https://www.marketwatch.com/story/u-s-unemployment-claims-jump-27-000-to-five-month-high-of-229-000-11654778599?mod=economic-report6 -https://www.freddiemac.com/pmms7 -https://www.cnbc.com/2022/06/08/mortgage-demand-falls-to-the-lowest-level-in-22-years.html?__source=realestate%7cnews%7c&par=realestate8 -https://www.realtor.com/news/trends/the-u-s-housing-market-is-at-the-beginning-stages-of-the-most-significant-contraction-in-activity-since-2006/9 -https://www.housingwire.com/articles/almost-80-believe-its-a-bad-time-to-buy-property/10 -https://www.cnbc.com/2022/06/10/big-landlords-jump-into-the-homebuilding-as-demand-for-single-family-rentals-surges.html?__source=realestate%7cnews%7c&par=realestate11 -https://magazine.realtor/daily-news/2022/06/08/hit-tv-show-yellowstone-prompts-more-moves-to-montana
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Corporate landlords like American Homes 4 Rent and Invitation Homes now own 40,000 single-family homes across North Carolina. In Mecklenburg County, they now account for one in four rental properties. That's according to a new, months-long investigation by the Charlotte Observer and the Raleigh News & Observer. The series, "Security for Sale," details how Wall Street-backed companies built a money-making machine in the aftermath of the Great Recession, buying huge portfolios of houses and converting them into financial products. Tyler Dukes, one of the investigative reporters behind the series, joined the "Future Charlotte" podcast this week to talk about the rise of the Wall Street landlords in Charlotte and across the state, and what this might mean for the future of one of the fundamental ways we build weatlh and security in the U.S.
A lot of places claim to be America's Most Haunted house but the Myrtles Plantation is the queen of them all. She needs no introduction, but let me do it anyway: this 226 year old homestead houses a dozen or so ghosts, all with their own unique and terrifying backstories. Last week I spent the night there, and let me tell you, it was an experience to remember! Listen as I tell you the history and hauntings of this beautiful mansion.Sources/links to pics:The Myrtles Plantation: The True Story of America's Most Haunted House, by Frances KermeenHaunted Houses: Chilling Tales From 26 American Homes, by Nancy Roberts& Taryn Plumbhttps://www.theadvertiser.com/story/life/luxury-living/2018/10/25/myrtles-plantation-louisiana-222-year-old-haunted-mansion-ghost-stories/1515823002/https://www.bradfordhouse.org/history/#:~:text=David%20Bradford%20was%20a%20successful,but%20also%20by%20its%20fittings.https://973thedawg.com/myrtles-plantation-ghost-picture/https://thehauntedplaces.com/the-scariest-room-at-myrtles-plantation-fannie-williams-room/#:~:text=The%20scariest%20room%20at%20the,purchased%20the%20house%20in%201891.https://www.wafb.com/story/36992338/not-your-average-selfie-louisiana-plantation-posts-haunted-picture/https://rachjensen.wordpress.com/2015/04/07/surviving-a-night-at-the-most-haunted-home-in-america/https://www.theadvertiser.com/story/life/luxury-living/2018/10/25/myrtles-plantation-louisiana-222-year-old-haunted-mansion-ghost-stories/1515823002/
DON'T GOOGLE IT! One third of American houses have this.. What is it? ANSWER REVEALED! - Y'd Awake Morning Show
This is our first series on the Workshop Podcast titled “Women Who Build.” We will be interviewing women who are thriving in the homebuilding and construction industry. First up is Pierrette Tierney. Pierrette shifted from a journalism career path into homebuilding. She is now a Vice President at American Homes 4 Rent and oversaw the project The House That SHE Built. The House that SHE Built project is a home designed, planned, and executed by women in Utah led by the Utah Professional Women in Building. In this podcast we discuss Pierrette's career path, reasons why homebuilding is a great industry to work in, and all of the details on The House that SHE Built project. Find video versions of these interviews here: https://www.youtube.com/channel/UCBOscV1GMtEKvVcCjDo0Hsw The House that SHE Built project: https://www.utahpwb.com/the-house-that-she-built/ Want more info on the Colorado Homebuilding Academy? https://cohomebuildingacademy.org/ Contact us here: info@cohomebuildingacademy.org | 720-409-0985 #womenwhobuild
The world's largest asset manager, a supporter of the Great Reset, is buying up single family homes, contributing to a growing bubble in real estate prices. The median home sale price hit a record $350,000 in May, up 24% from 2020. SkyWatchTV has been banned by YouTube! Please follow SkyWatchTV on Rumble: www.rumble.com/skywatchtv. 5) CDC admits link between mRNA vaccines and heart inflammation in young men; 4) 751 unmarked graves found at former school for indigenous children in Canada; 3) Company backing Great Reset buying up single-family homes in US; 2) President Biden makes strange argument for gun control; 1) Power grids under stress in California and Texas.
Cash investor v. the first time homebuyer...when will it become equal? It all depends. Invitation Homes owns over 80,000 homes in the US By 2017, two major players, Invitation Homes and American Homes 4 Rent, controlled nearly 60% of the rsingle family ental housing market. As of 2018, Invitation Homes (majority controlled by the Blackstone Group - investment group) appears to be the largest single-family rental housing owner. after recent mergers (Invitation Homes Inc. and Starwood Waypoint Homes completed their $11 billion merger, creating the largest single-family rental landlord in the U.S.) with 82,000 properties. Its next largest competitor American Homes 4 Rent (As of December 31, 2020, the company) owned 53,584, homes. American Homes 4 Rent is a real estate investment trust based in Calabasas, California that invests in single-family rental homes. Cerberus created FirstKey Homes (owns more than 20,000 homes); and GI Partners owns over 15,000 multifamily and single family residential real estate units. On calls with investors, those two companies touted their cost-cutting measures, which often involved pushing responsibilities onto tenants. In 2016, Jack Corrigan, the chief operating officer of American Homes 4 Rent, told investors that the company hoped to reduce spending on repairs, maintenance, and “turn costs” Interesting side notes: NMHC 50 Largest Apartment Owners own approximately 2.3 million housing units and most are hedge funds. Sources: Various internet searches, including but not limited to: https://www.gipartners.com/real-estate/demographically-advantaged https://www.housingwire.com/articles/40970-invitation-homes-starwood-waypoint-homes-to-merge-create-nations-largest-single-family-landlord/ http://americanhomes2020rd.q4web.com/press-releases/news-details/2021/American-Homes-4-Rent-to-Build-279-Home-Pine-Grove-Community-in-St.-Cloud-Florida/default.aspx Redfin Now in 22 states - all cash offers More Americans are selling their homes online to real-estate companies like Zillow, who make an offer in 2 days and can close in a week Update 5-31-2021: Fast-cash house flippers flood poor neighborhoods in U.S.
The state of Florida has a rich history of African Americans who have contributed to the advancement and growth of today. From slaves to millionaires, African Americans from all walks of life resided in cabins, homes, and stately mansions. The lives of millionaires, educators, businessmen, community leaders, and innovators in Florida’s history are explored in each residence. Mary McLeod Bethune, A.L. Lewis, and D.A. Dorsey are a few of the prominent African Americans who not only resided in the state of Florida but also created opportunities for other blacks to further their lives in education and ownership of property and to have a better quality of life. One of the most humanistic traits found in history is the home of someone who has added something of value to society. Today, some of these residences serve as house museums, community art galleries, cultural institutions, and monuments that interpret and share the legacy of their owners. https://www.arcadiapublishing.com/Products/9781467106559
Are you worried about the property management industry post-pandemic? Welcome to the Property Management Mastermind Show with your host, Brad Larsen. Brad and his guest Andy Propst are going to have a conversation about the property management industry's state along with all the cool stuff HomeRiver is working on, plus much more. Andy speaks about his role at Home River Group and when he joined NARPM. Andy also talks about what he has been focusing on with HRG, the fun things they are doing, and the trends he sees on a national level in the property management industry. Andy and Brad both discuss Zillow and what they see there. Andy discusses his company's acquisitions and what he has learned about doing acquisitions over the years. Brad speaks about his new company, Property Manager Broker. They share what they believe is good about tuck-ins and the benefits they can offer the employees when they merge them into their larger businesses. Listen as Andy shares his end game with HRG and the goals he has, the difference between private equity and venture capital, and which one is better in which situation. Brad talks about the PMM.com that they plan for May and the hope that it will be a mask-free conference. In this episode: [02:41] Welcome to the show, Andy! [02:46] Andy shares his background and what he is doing now. [04:35] Andy speaks about his role at HRG. [07:34] Andy discussed when he joined NARPM as the President. [08:43] What have you been focusing on with Home River? [12:03] Brad talks about people buying larger entities. [13:36] Andy shares some fun things he is doing and what he has seen. [15:57] Andy talks about new trends or what is happening on a national level. [18:44] Andy speaks about the American Homes for Rents and Invitation Homes. [21:33] Brad talks about creating a system so that you can jump if the market turns. [23:47] Andy discusses Zillow and what they see there. [26:05] Andy speaks about a software called Rent Ready. [27:40] Brad gives his insights into Zillow. [32:58] Andy discusses the acquisitions his company has had. [35:36] Brad talks about his new company, Property Manager Broker. [37:15] Listen as they talk about tuck-ins and benefits. [38:48] Andy shares two things he has learned from doing acquisitions. [41:54] Andy speaks about what is better for the seller. [43:52] What is your goal or end game? [47:03] Andy shares the difference between private equity and venture capital. [50:34] Thank you for being on the show! Andy Propst: HomeRiver Group LinkedIn Links and Resources: Property Management Mastermind Property Management Mastermind Group on Facebook adisarro@sccombank.com (619) 988-6708 (Allison DiSarro from Seacoast Commerce Bank) Seacoast Commerce Bank Second Nature NARPM Southern States Conference National Apartment Association NARPM Accounting Standards EZ Repair Hotline SureVestor Tenant Turner Citizens Home Solutions Rent Bridge
Stefan Peterson is COO and Co-Founder of Zavvie, the brokerage source for a complete iBuyer strategy. Zavvie curates offers from ibuyers, bridge, renovation, and rental home investor buyers so brokers and agents can present a number of options to clients. In this week's episode, Aaron and Stefan discuss how the ibuyer game has changed, how Covid has changed offers, which markets they operate in and why, the pain points proptech companies are solving, the business models of each proptech segment, and how agents can leverage these offers with clients. Get your questions answered on the upcoming show by posting your questions in our community: https://bit.ly/ddre-3300:00 The Data Driven Real Estate Podcast Welcomes Stefan Peterson, Co-founder Zavvie00:06 What is Zavvie and what does it do?03:00 What is an iBuyer?14:08 What is a bridge buyer and how does it compare to an ibuyer like Opendoor, Zillow, Offerpad and Redfin?20:17 What are single-family rental buyers like Cerberus and American Homes 4 Rent?25:53 What are renovation I buyers like HomeVestors?29:56 How long does it take to collect all ibuyer offers and present them to sellers?35:51 How have iBuyer offers changed over the past 12 months? What are the discounts and how do they write their offers?38:38 Options for brokers and agents without an in-house ibuyer platform43:23 Advantagaes of the iBuyer hybrid model with major real estate brands like Realogy and Keller Williams49:42 Can Main Street real estate investors get listed on Zavvie as a qualified buyer?52:31 Proptech trends and brands to watch in 2021?
The first homes built in American-in the 17th century, in Plymouth Mass. with bonus commentary.
On this Episode of GoGaddis Real Estate you get a Atlanta Market Update and find out if a VA appraiser can require a seller to make repairs. Plus, you might be surprised by the amount of equity in American Homes.
Billionaires in the News: Trump has COVID. We have been imprisoned for 6 months by a reactionary minority political faction in the United States. I’m losing my grip on reality. The pharma billionaire Sackler family may get off and get to keep their money. More Americans died of opiate overdoses since 1999 than died in all of WWII. Billionaire #1: Robert Rowling, 7/10 on the DKMALI (10:00) Joe introduces us to Robert Rowling, owner of TRT Holding Co., who owns (among other things), Gold’s Gym. Heir to an oil and gas fortune. Rowling is a big-time donor to Karl Rove’s ghoulish super PAC American Crossroads (coincidentally, so is this week’s Billionaire #2). American Crossroads was very well funded, but ultimately not that good at promoting winning candidates. Billionaire #2: B. Wayne Hughes, 8/10 on the DKMALI (31:45) B. Wayne Hughes got rich in self-storage. He also owns American Homes 4 Rent. We talk a little about self-storage, late capitalism, and desire. We get an intimate glimpse of Joe’s childhood in the middle of a bit on Herbert Marcuse. I think we come up with a solid theory about how self storage fits into the moral universe of American hyperconsumerism. Hughes also has a decades-long friendship with O.J. Simpson and was closely involved in the trial and its aftermath. Links! Rowling: https://www.rollingstone.com/politics/politics-news/rove-rides-again-193291/ Hughes: Great bio of Hughes: https://www.latimes.com/california/story/2019-09-05/usc-secret-donor-billionaire-wayne-hughes American Homes 4 Rent exposé: https://www.cbs46.com/investigations/complaints-soar-against-american-homes-4-rent/article_23cf78a8-eefd-11e9-abea-5ff0decbb1c5.html Jon Ronson interview: https://www.gq.com/story/amber-waves-of-green-jon-ronson-gq-july-2012
O seu podcast sobre o mercado americano.
Opendoor open's their doors to the stock market with an announcement to go public. Easy Knock announces that will buy your house and lease it back indefinitely. New tech keeps you safe while Agents are out in the field. Agents arm themselves new tech to compete and dominate their markets. Realogy CEO Ryan Schneider makes bold statements about future of real estate.
Today on Across the Aisle I am joined by Par Tolles, C.E.O. of Tolles Development Company, and Nicole Bloom, Division President of Richmond American Homes. We discuss both commercial & residential development and how COVID-19 has affected that industry. As we move forward with our "New Normal" we need to focus on our recovery. Join me every other Tuesday for a new episode of "Across the Aisle: The Nevada Recovery". You’ll hear conversations with industry leaders, educators, activists, and citizens from across Nevada. We’ll explore lessons learned from the COVID-19 pandemic and how we move forward in this new era. From tourism to health care and technology to equality, we’ll look for ways we can actively work together to make sure Nevadans can thrive in our new normal.
HOUR 3: The NFL top 100 is almost done with its countdown. Why is Tom Brady #14? Julian Edelman was snubbed. Where does Stephon Gilmore land in the top 10? Unknown seeds are being sent to homes across America. Chiefs RB Damien Williams has opted out of the season 7-29-20
We tackle the various differences between a European home design and an American home design so you can decide which home design suits your needs better.Read full post at Home Stratosphere.
Some of the nation’s biggest landlords are betting on a surge in demand for single-family rentals in the suburbs. JPMorgan Asset Management and American Homes 4 Rent announced a joint venture to build 2,500 new single-family rentals in western and southwestern high-growth markets. They say the deal will capitalize on a post-pandemic desire to move away from apartments in crowded cities. It will also help address a lack of existing home inventory. www.NewsForInvestors.com
Let us take a look at some East Asian home design and see how they differ from American styles. Learn about the dimensions of their homes versus their population along with a glimpse of their culture and lifestyle.Read full post at Home Stratosphere.
8.8% of U.S. mortgages are in forbearance GSEs unveil new payment deferral option for loans in forbearance JPMorgan Chase, American Homes 4 Rent plan to build thousands of single-family rental homes
In today's Daily Download episode, HW+ Managing Editor Brena Nath discusses how social distancing has spurred a growing demand for digital mortgages.For some background on the story, here's a brief summary of the article:With the COVID-19 pandemic discouraging or entirely halting in-person meetings with lenders and appraisers, the adoption of digital mortgages has accelerated. Advances in technology have stepped up to address the stickiest non-digital segments of the mortgage application process.The current situation has added fuel to a decade-long trend among banks and lenders to provide more and better digital products and services. For mortgage lenders, that means offering as much of an end-to-end experience – underwriting to approval to closing – as possible for prospective borrowers. This has grown from an electronic application to include more complex parts of the process, such as notarization and identification, employment and income verification, even inspection and appraisal.At the same time, digital mortgage technologies – especially advances in video applications – have evolved enough to successfully balance borrowers' need for speed with a human touch. Complex steps that often require human interaction, such as explaining final loan documents or understanding mortgage terms and options, can increasingly be done digitally.As COVID-19 has complicated or discouraged homebuying, it also accelerated existing trends in mortgage lending. Those lenders that have already invested significantly in developing sophisticated and proven online and mobile solutions sit in the best position to benefit from the shift.Following the main story, HousingWire Digital Producer Alcynna Lloyd covers an extended foreclosure and eviction freeze from Freddie Mac, Fannie Mae and the Department of Housing and Urban Development, a partnership between J.P. Morgan Asset Management and American Homes 4 Rent to build thousands of new rental homes, and Freddie Mac's weekly Primary Mortgage Market Survey.The Daily Download examines the most captivating articles reported from the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:[PULSE] Social distancing spurs the growing embrace of digital mortgagesFannie Mae, Freddie Mac, HUD extend foreclosure and eviction freezeJPMorgan Chase, American Homes 4 Rent plan to build thousands of single-family rental homes
Our guest Luke Pearce is the co-founder of Radical Tea Towel, a UK company that makes political and social statements for the home, and that successfully expanded its business to the US.
Today we meet with Luke Pearce, the co-founder of Radical Tea Towel, a company that makes political and social statements for the home. He talks with us about how his company came into fruition and how it operates now. Keeping the manufacturing process in England, keeping quality control high and being part of a niche market made the company very successful. And after having tea towel success in England, Luke decided to bring the company across to do business in America too. With a different continent come different challenges, and Luke was surprised to find out he even had to explain what a tea towel was to a lot of Americans. But each problem he overcame and here, he tells us exactly how. He also shares some solid advice for anyone who's thinking of making the move across the pond... ”Other people's problems represent great business solutions. This is where business can step in and help people out.” - Luke Pearce Time Stamps: 00:32 - What Radical Tea Towels are. 01:19 - Where the idea for Radical Tea Towels came from. 03:18 - The importance of having a niche product. 04:18 - How successful Radical Tea Towels are. 04:56 - Local manufacturing and importing materials. 06:24 - Why Luke moved to America, and what made it both easy and hard. 10:32 - How the logistics change when selling products in America. 12:34 - The beliefs behind Lukes company and the different politics in America. 16:25 - Where Luke sells (and doesn't sell) his product and why. 19:58 - Who Luke's customer demographic is. 22:06 - Lukes advice for people thinking of moving their business to America. 23:45 - How to not get overwhelmed by America's different complex policies. 24:46 - The benefits of operating in Philadelphia. 25:58 - Networking in the US. 27:18 - The initial feedback Luke received about his tea towels. Resources: https://radicalteatowel.co.uk www.mtbonnell.com Podcast Transcript Connect with Luke Pearce: LinkedIn Email us at - Info@mtbonnell.com Twitter - @mtbonnell Connect with Sebastian Sauerborn: Website
Property management businesses always want and need products and services to be profitable and grow doors. That’s why many of them choose the user-friendly residential rental property management software for single-family properties called, Propertyware. Today, I am talking to Inaas Arabi, Vice President (VP) of Single Family Rental and General Manager (GM) of Propertyware. He understands the importance of developing new and innovative ways to help property managers attain profitability and growth. You’ll Learn... [04:37] Past and Present Perception of Propertyware: Before becoming GM, Inaas was a customer because of ability to customize system based on business models. [06:38] Who uses Propertyware? Typically, larger companies wanting to scale and grow. [07:45] Room to Grow: Never buy a solution for where your business is today; always buy a solution for where you want it to be. [09:50] Directions for Growth: Add units by differentiating services via customization and special offers. Increase revenue per door by offering add-on products and services. Reduce expenses via automation for manual and repetitive tasks. [20:33] Propertyware stands behind its platform; serves as business advisor, not only technology provider, to solve pain points. [23:54] Facilitating Future Integrations: Freedom to connect with third-party tools, vendors, and services. [27:40] API Connections and Challenges: Propertyware provides two-way data exchange that’s maintained in one system. [34:50] Status of Property Management Industry: Advocate, educate, and train others on legislation and awareness to protect tenants and landlords. [45:38] Should you switch software? Break up dysfunctional system to experience freedom by having good data, building relationships, and improving processes. Tweetables Never buy software for where you’re at today; always buy software for where you want to be. Pick property management software that you can live with for the long-term to grow. Automate mundane tasks performed by property managers via software. Kiss of death is double entry and manual input. Resources Inaas Arabi on LinkedIn Propertyware HubSpot Zapier Tenant Turner Property Meld Renter, Inc. Rent Manager ShowMojo Rently Rentec AppFolio Buildium DoorGrowClub Facebook Group DoorGrowLive DoorGrow on YouTube DoorGrow Website Score Quiz Transcript Jason: Welcome DoorGrow hackers to the DoorGrow Show. If you are a property management entrepreneur that wants to add doors, make a difference, increase revenue, help others, impact lives, and you are interested in growing your business and life, and you are open to doing things a bit differently, then you are a DoorGrow hacker. DoorGrow hackers love the opportunities, daily variety, unique challenges, and freedom that property management brings. Many in real estate think you're crazy for doing it, you think they're crazy for not because you realize that property management is the ultimate high trust gateway to real estate deals, relationships, and residual income. At DoorGrow, we are on a mission to transform property management businesses and their owners. We want to transform the industry, eliminate the BS, build awareness, change the perception, expand the market and help the best property management entrepreneurs win. I'm your host property management growth expert, Jason Hull, the founder and CEO of DoorGrow. Now, let's get into the show. Today's guest, I'm hanging out with, Inaas Arabi. Inaas: Yes. Jason: Did I say it right? Inaas: Yes, you sure did. Thank you. Jason: All right. Inaas, I'm excited to have you on the show. We have not yet had Propertyware on the show and Inaas is from Propertyware. Inaas: Yes I am. Jason: Tell us a little bit about your background and how you got into the space of property manager first and then let's get into maybe Propertyware a bit and talk about growth. Inaas: Awesome. I do want to first of all say that I'm a door hacker as well, so thank you for having me on, I'm excited. I came in mostly from the operational background. I started a company from scratch, operated and built it a little bit to over 1700 doors and then I sold it to a national player, then I went to work for the second largest owner and operator in the single family industry, American Homes for Rent. I worked for them for a while. I was their Midwest regional director of ops. We've done a lot of great things there. We took the company public. I left that and went to work for a company called the Altisource, which deals with banks and REITs and does a very similar thing to third party property management or property managers but on a different scale mostly for the banks and the financial industry. Operated a very large portfolio over 35 states and after that I got recruited by RealPage to be able to become the single family vice-president for them as well as general manager for Propertyware. Now, the reason why I think Propertyware would be a great choice for somebody like me and for a lot of operators is because you're able to take somebody like me with my experience and put him into the seats where we can make decisions that would actually help the property managers with their day-to-day lives. That's the difference that we're trying to go after compared to some of the other systems, is that we really want to build things that would be usable and would make an impact for people's businesses. I know we are going to talk about growth here in a little bit, but that is really the approach that we're going with Propertyware since I came in. We are building enhancements that allows people to grow in multiple different ways. They grow by adding units, which is what you talked about as far as being a door hacker. Number two, you grow by increasing your revenue by making more money per door. Then number three, you also went to grow financially by reducing expenses while keeping everything the same, so that would allow you to be able to have a much better financials or higher NOI’s for your property, since you're an owner or operator. That's really the goal. That's the approach that we're taking upon with Propertyware since I've started to them. I started Propertyware late January of this year. Jason: Okay. This is kind of new for you, the Propertyware thing. Inaas: Yes, it is. I mean, you can say it's new. I've been there since January so depending on how you take a look at it. Jason: You're halfway through… Inaas: Yeah, you're right. I'm definitely halfway through a year, yes, but I'm not new… Jason: You're 0.5 years at Propertyware right now. Inaas: Yes, it is. Jason: I mean that's two quarters. That's enough time to… Inaas: Make a change, yes. Jason: Make some changes. So, what was your perception of Propertyware before you came in versus now? Inaas: I was a customer of Propertyware when I was working with Altisource. We ran a set of very complicated and very large portfolio, a little over 10,000 units over 35 states, and we did it through Propertyware. One thing that I always appreciated about Propertyware was the ability to customize and the ability to be able to build unique or redo the system around your uniqueness as a business model. Now, I think that also causes people to be more afraid of the technology because there is not a very easy systematic streamlined way of doing things on Propertyware. You have multiple ways of doing things. It's built as such to be able to allow people the ability to customize based on the business model. Having that I've been working for Propertyware, before I found it to be a very interesting point as a customer, it was very good for me, but when I moved in to being in the seat of making changes, I didn't realize that this is an intentional thing that we're doing where we are able to keep the business and keep the platform customizable by the business model. Now, I would also say that that will make some people be very hesitant into looking into Propertyware because they're afraid of how customizable the system could be. That could also take you into a lot of what I would call rabbit holes, meaning, if you've got 20 ways to be able to do something, sometimes you give way too many options for some people that would allow you to take out the simplicity aspect of it or the easiness aspect of it. Overall, really what I appreciate the most as customization, if I want to have to sum it up down to one thing. Jason: The perception that I've always had about Propertyware is I've noticed that a lot of the larger companies, the companies that really are folks on scale, that they tend to use Propertyware. Propertyware seems to be very scalable. It seems much more of an enterprise solution than a lot of the other property management software out there. That's kind of the perception that I've noticed. I have lots of clients that have used Propertyware. I noticed usually the guys with thousands of doors are using Propertyware. Inaas: We do have people from different levels of where they're at. Now, to your point, sometimes it's very difficult and I struggle with this myself as well, it's really very difficult to be able to equate the number of units for your business to how complicated of a process you’re running. We come across some people that they maybe only running 200 units, but they have some of the most complex processes that I've seen and the opposite is very true. It's really more about how customizable are you ready to look in to be able to build for your business. The one thing that I would always say, you never buy software for where you at today, you should always be buying software to where you want to be. It's almost like when you're talking to trainers that they always say, “You don't want to be the guy or the person who's playing today. You really want to be playing to what you want yourself to look like after you win or at the winning table,” and that's really where it comes in to be. If you're thinking you want to grow and you want to have a system that grows with you, scales with you, that allows you to be able to do different things in many different ways, Propertyware certainly will be it. Now, I would also say, you do have to be willing to take on this opportunity to be able to build things that will be customizable for you, so you can get the best advantage. Jason: This is the feedback that I've noticed about Propertyware. What he says is absolutely true. If you're going to pick a property management software solution or any solution for your business, you want to pick a solution that is going to give you room to grow into for whatever size you imagine because it's not easy to switch property management software. Anybody that's done it that switched from one to the other because they thought the grass would be greener on the other side, usually regrets it and it's not been so comfortable. I agree, pick a software that you feel like you can live with in the long term. Inaas: What you're saying is absolutely true. It’s really about jumping from one system to the next is not an easy task. I do recognize that you do have to put in a lot of effort into that, but you do need to find something that would scale with you for the long term, not for where you are today. That's the beauty about finding that system and being able to grow with it as you go. We've seen a lot of great companies have grown with us over the years and have done wonderful things as far as that goes. Jason:: Let's get into growth. The topic is growth via Propertyware. How does Propertyware help somebody grow or what are we chatting about here? Inaas: Like I said, the approach for us since I've got into Propertyware is the fact that we're building enhancements that would allow people to grow in all of those three directions. I'm going to give you specific examples because I know you like that. Number one. Growth, in my opinion, is adding units. How do you add units? You help PMCs differentiate their services and do things where they can go out there and put themselves in front of the right people that they're looking for their services. As an example, I know you guys offer wonderful websites offering, which is great. One way that we can help is we do provide our clients what we call a listing widget that they can plug in anywhere on the website. This way, you as a website provider don't have to build it for them. It defeats all the information directly from the Propertyware property management software. All of the vacancies, the rent price, the number of bedrooms, bathrooms, pictures and all that are all within that listing widget. Then we make it so customizable to the point where people are able to do some awesome things with it. An awesome thing would be, for example, you can add on banners at their specific workflow. For example, you can put in a banner that says, “Only make that banner available over the weekend to make a weekend offer,” so you can say, “Come take a look at my house that I have for rent and you're going to get $100 off if you look at it between Friday and Sunday,” or “If you look at it between the 1st and the 15th.” You can do things like, “We're looking for awesome owners like yourselves. Click on this link to be able to see our offering.” You could do things like the workflow, like once a property has an approved applicant for it, then you would automatically take it off the listing so this way you don't have to do anything with that manually. You could also do it where you can add a lot of information in the description for that property and one thing I teach people to do and I'm sure you’d like that, Jason, is the fact that for every listing that you put in out there for rent at the bottom of the description for that listing, you should take a couple of lines and you should type in information about your services with the link to the website that will take people on to a full offering of those services. Because we know when people go out to look for properties, rental properties on the market, majority of them will be renters, but some are not necessarily renters. Some of them might be owners that they're looking to comp out their property to figure out what the other properties in the area are renting for or they might be asset managers that [...] ability to put yourself in front of those guys while they're searching for properties. It's very unique. It doesn't cost you any extra. It's part of the listing widget that allows you to plug and play and do it as you go. This is one example of an enhancement that does help for the unit growth. There is plenty more, I don't think I have enough time to be able to share all of them because I want to talk about other items that are important. The second element we talked about, which is adding revenue or increasing your revenue, making it where instead of making $1000 per door, you go up to $1500 per door, you go up to $2000, $3000, whatever you feel like it's the right level that you want to go to. How do we do that? We do that by offering ancillary products that could make sense for the property managers but they're also integrated within the system so this way, they don't have to do anything offsite the system. The beauty about that is you get the beauty of getting something that is offered, make some money on it without adding too much expenses on your end from an HR or an employee perspective. Some examples with that would be asset protection or our renter's insurance. I know some other software do offer that. The reason why I mentioned it is because between Propertyware and some of the other systems is the fact that we really want to make sure that it’s fully integrated within our system. The tenant will have a very seamless experience when they're selecting the process or selecting the product and they were going through it, and then also the PMC will have a very seamless experience. Last but not the least, if there is an owner involved, that owner will also have a very seamless experience. As an example of the asset protection, it's a checkbox and then you can select whether it's paid for by the owner or paid for by the tenant. You can put in whatever extra fee that you would want to add on as a PMC as your profit margin, and then you can apply either to a tenant ledger or to an owner ledger depending on who's paying for it, and you do all of that very seamlessly with a couple of clicks. If you do enough of those, you start seeing a little bit of an increase of revenue in per door that you're having. Some of the other products that were also migrating or integrating within our system would be things like utility management which is I think we're one of the only system that I know of that offer something like that. Utility management in single family has not been a revenue center for a long time, but I think that is changing with all of the legalities where it's forcing either the owner or the property management company to keep a lot of utilities in their names so you don't have any off and on for all the tenants when they leave or when you have a new tenant moving in. If you are a PMC and you're going to have to manage that for the owner, we believe you do it with ease, but you should charge a fee to be able to do that and you can apply for that again either on the tenant ledger or on the owner ledger—depending on who's paying for it—and you make a little bit of money on it. That's the examples of how do we help increase revenue for our PMCs. The last type of growth that I want to talk about which is very near and dear to my heart is the profit growth by reducing your expenses. In my opinion, you reduce your expenses by doing automation. Now automation, certainly I'm not suggesting that you exchange relationships or conversations with owners and tenants with technology, but what you do, if you take a look at a lot of repetitive elements that we do every day in property management, you should automate those or you should look into making them systematic, so this way you're not spending a lot of time doing what [...] specific example here. Since I came in to Propertyware, we sat down and we looked at all the processes that our PMCs go through. From renewals, to leasing, to signing of a lease, to maintenance, to all of the big processes. Our goal was to be able to build or educate our PMCs on the best automated way to be able to do a process from A-Z, for the best results, for the cheapest cost as far as HR, and for the highest profit margin. I can tell you, we've gotten rave reviews from our clients when they've seen what we've put together. We have what we call road shows which is more of events that we put out in some certain cities in the United States and we invite our clients and prospects to come out to see us and see what we have going and what we're working on. We share with them for example the renewal process that we build together for them. Now, the beauty about why this is important, why I talk about it, we actually talk about both sides of the spectrum here. We talk about the setup, how you can setup Propertyware for full automation, as well as the actual process of how you run it from a systematic perspective and from an operational perspective. By the time you leave, if you have been a little bit hesitant about how do I work Propertyware to my advantage, you already know how you set it up, and you already know how to work the process itself. We've had customers where they came back and they reported that their renewal rate was at 60%-70%, now they are close to 80%. As a matter of fact, I was talking to a client a little bit earlier today and they quoted 79.83% renewal rate from, I think it was close to 71% or 72%. That's a huge movement. Now, why that's important for PMCs, that's a differentiator for you as well as a service. When you go talk to owners and you say, “I am able to get 80% of people to renew, that speaks volumes to the owners and allows them to see the benefit of working with you compared to working with somebody else who does not have a high renewal rate. Did I explain it to you well as far as all the different types of growth and how we calculate what kind of enhancements we use for each one of them? Jason: Yeah, absolutely. All of these things make sense and I love the idea that you're taking a look at the challenges that the property managers are facing internally when it comes to their operations to facilitate that with the software, to make that faster, to make that more simple versus all the manual stuff. Property managers do a lot of manual stuff. Inaas: They sure do. Jason: The more that you can pull into that software, the better. A lot of people a lot of times, they're turning to lots of different systems to try and systemize their business outside of their accounting solution and that can get cumbersome at times. Inaas: Yeah and the renewal process that we put together for full automation, we've got a little over 20 contact steps, where if you're doing this manually, you would need about 20, a little bit over 20 steps to be able to go through the entire process. We're talking steps from talking to the tenants and making sure that they want to renew, then again talking to the owner is making sure you agree on pricing, making sure you come back and you talk to the tenant and you send them a lease and you follow up on the lease and you do all of that back and forth. We changed that down to the point where we're able to do the entire thing with about six or seven touches. Six to seven touches in my opinion compared to over 20, does saves you so much time and so much effort that allows you to really concentrate on building the relationship instead of losing the time doing mundane task that you should be automating. In my opinion, that's how you grow, you grow by taking all of those mundane tasks, automate them, take those out of your way, and then concentrate on building the relationship, whether it's with the owners or with tenants themselves. Jason: Yeah, makes sense. All right, cool. Is there anything else that you want people to know about Propertyware while I've got you here? Inaas: Absolutely. There is a lot of things that I want to people to know about Propertyware but few things come to mind right off the bat. One, that we do stand behind all of our clients and we do appreciate the relationships that we have with them. Also, if you can imagine, we're taking a different approach by becoming more of our business advisors to our PMCs, not just a technology provider. A lot of times, you come across a lot of great technologies, but if you don't know how to take that technology and apply it into your day-to-day operations, that technology really failed because it's not really allowing you to get what you’d want out of it. Think about text messaging when it came out, for example. If people didn't try it, didn’t perfected it, didn’t figure out what to do with it, we wouldn't have had such a great success with it today. The same effort would be with our platform. We wanted to educate people. We want to make a business partnership with them, to be able to tell him how to do it, what do they do with it, and how they can use it to be able to get best results from all the aspects that we talked about. That's one. Number two, I also want them to know that we are property managers, building stuff for property managers. We’re not technologists, we're just building things in a vacuum, and really building it from the perspective of we know where their pain points are, we've been through it, whether it's myself or somebody on my staff, we know what your folks, the people that’s hearing us today are going through and because of that, my goal is to be able to build things to solve those issues for them, to solve those pain points. Now, sometimes we have to take them in steps, but at the end of the day we are solving those pain points. For example, we rolled out our text messaging feature earlier this year and for fairness sake it was what I would call the basic features of being able to communicate back and forth via text messaging. In order for us to take that to the next level, we're also working on enhancements now that would allow us to do the multi-level, the multimedia, as well as the group texting, and things like categorize station for all of the text. This way, our PMCs could take a text and apply it toward somebody specific, whether it's an owner or tenant. They can also do group texting. They can also do multimedia, so they can send a picture, send a file, and do all of that all within one centralized communication command, if you call it that, within the system, so it's not anywhere off the system. Then, last but not least, I think we’ve talked very greatly about growth, but what I really want people to know, your listeners, is that if you're looking for a scalable system that has a lot of potential for you, that would allow you to be able to do a lot of customization for your business based on your business needs, then you should look into Propertyware and you should evaluate it as an opportunity as an option for you. Now, it may fit then that's fantastic, it may not and that's okay, but at the end of the day you should really evaluate it to figure out if it's a good fit for you or not. Jason: You're talking about what you guys are doing internally. One of the big questions I know a lot of my clients have, a lot of listeners have that's really hot on the tip of the tongue of most property managers nowadays is integrations. That’s freedom to connect with third party tools, vendors, different services. Maybe you can touch on an API, what you guys have maybe going on there, and how you guys are kind of facilitating integrations with third parties. Inaas: Yeah. That's such a fantastic point, I'm so glad that you actually brought that up. Propertyware’s current approach is that we are offering a two-way data exchange [...] an API that allows people to be able to connect to their property management software. They can connect almost anything and everything that they would like to do. In my view, we want to provide people the opportunities to make a choice or pick the right option that fits for their business model. There is a lot of great things that we offer. If it fits your business model, if it fits your needs fantastic, use it. If you have something else that you'd like to use, connect it to property management software so you don't have to double entry anything. To me, the kiss of death is double entry and the kiss of death is any manual input that you put into either your staff or yourself, because somebody's going to make a mistake with that manual entry and somebody's going to cause you havoc later, even if it's not happening today. That's as far as the API. Now, I know on other webcast, Jason, you did ask about things like I think the place was, remind me again, was HubSpot or something like that, where you're able to connect Propertyware to everything else that it's out there as far as softwares… Jason: That was Zapier. Inaas: …yes, Zapier, thank you. I appreciate that. We actually looked into that and we're talking to them now about getting our platform on their site to be able to have full integrations with everything that they've done. You could do this yourself today, meaning if you have access to the API, you can take API, you can plug it into whatever other software that you'd want to plug it into, whether it’s CRM, whether it's an inspection product, whether it's a [...] product, typically anything and everything that has got API, you can connect it to do. Jason: If you're nerdy enough or you pay enough money to get somebody nerdy enough to do it. Inaas: True. I mean, you do have to have a developer to be able to take a look at it. This is not something that's geared toward a property manager to be doing it themselves, that's for sure. Jason: That’s why there's Zapier. The Zapier is very cool because it allows a somewhat normal person—you have to be a little bit nerdy, let's be honest—to do it without having to know code. You can create connections between tools and systems, so if you guys are working on that, I'll be really excited to hear when you guys have that ready. Inaas: Yeah, absolutely. You're definitely correct, it does need a little bit of development resources to be able to do the API, that's for sure, but remember though, Jason, once you do it once, you've got it, meaning you don’t have… Jason: You don’t have to do it over again. Inaas: Exactly. You don't have to go do connection every day, meaning if you've got five products that you're working on plus your property management software, you connect them all at once and you're done. You may have to do maintenance every once in awhile like if something is changed on your property management software or if you change your business model, if you do different things, you make maintenance changes, but it's not as big of a change once you've done it once. It's really more of an initial step and once you go through that initial step, you're good to go. However, I would also say, we're also one of the very few systems that offer two-way data exchange. Some other systems would offer data out and they call that API, but that's really not an API. An API should be a two-way data exchange, where you can take data out of your system and you can put data back into your system. If you can't do that, you can't really call it API but that's again [...] view at this point. I have seen some of our customers do some awesome things with the API connections. Those API's might have where they take information out of Propertyware, they go do something else with it and then go back and feed it back into Propertyware to be able to have one system through which is Propertyware for them. At the end of the day, you would want to connect everything you're working on with your property management software, so you're not having to enter anything manually. Jason: One of the challenges with API's is that you've got two pieces a software there communicating and if either one of them makes changes it can break that connection like something happens, that's what's I think is really important for the different vendors and property management software to create relationships where somebody's maintaining this. For example, if Tenant Turner was working with Propertyware or if Property Meld was working the Propertyware, if one of these vendors a lot of people are really enjoying, if they're helping to maintain that connection, then the business owner doesn't have to keep that working or make sure that it’s working. Inaas: It’s also fair and I'm again [...] and we have a list of companies that we’re actually working with to be able to have direct integrations with, you've mentioned Property Meld for example, that's one of our success stories with the API. We have a full integration with them, they'll tell you the same thing as well. The beauty about that is somebody could do the maintenance within Property Meld and then they can make the payment out of their Propertyware system with ease without any complications. It also allows you to do back and forth between the two systems, so if you have a work order that came in from a tenant, you can feed into Property Meld and vice versa as well. Having that we have the API, that's what allowed us to be able to do that. There is a list of companies that we're going through to be able to do direct integration with. I think RentersInc is one of the people here, they're putting in chats. We've been working with them on a direct integration of the API. I think they're almost there, they're about 95% there to it. To me, it's all about providing opportunities for our PMCs to be able to take advantage of what the technology could do for them. That's what we're embarking upon. That's what we are going to do. And if you stay tuned, you’re going to get a lot of great news about us connected with a lot of different vendors that does different things for our PMCs. The idea is, again to your point, we maintain the connection, so the PMC doesn't have to. If they wanted to go elsewhere like for example somebody wants to go to a different maintenance provider Property Meld is not what they want to use, they can still use the API to be able to make the exact same connection the Property Meld is made with Propertyware, if they have an access to the API. Jason: Yeah, makes sense. I love the idea of direct integrations. I love the idea of having an open API. I love the idea of you helping them to systemize your business internally, leveraging your software. These are all powerful tools for them. One of the main things you have mentioned at the beginning, is to lower expenses and all of these things is going to lower the level of communication, which lessens the amount of time in man-hours and manual stuff that has to happen. That's the biggest expense in property management is staff, it's people, it's those resources and that allows them greater leverage so that they can get more done without having to throw money at bodies constantly in order to get everything done. Property management is not a cheap business to run for a lot of people, so margins matter quite a bit. Inaas: It was quite interesting to me once I came on to work for Propertyware because I went out and talked to a lot of clients and again I'm an operator, so I understand what people are going through and I remember when I ran my own company, it was really more throwing bodies at it all the time. The difference though in today's world that is very different than when I ran my own company, is today you have options for technologies that could fulfill those tasks that people were doing for you before. Back when I ran my own company, those options were not even available. For example, if you recall back in the day when we were doing inspections on pen and paper or via pen and paper, everybody would take a piece of paper and a list of items or questions and you just fill amount while you're going through the property doing inspection. Today, you do most of your inspections via mobile technology on mobile devices and with mobile templates. The beauty about that is that saved you the ability or the need to have someone that is actually sitting down and writing down information on a piece of paper and they're transcribing them back into your property management software. If you have the integration correctly, you go from mobile inspection tool to the inspection report directly into your property management. We're working on something that we're just actually going to roll out here tomorrow, which is enhancements for our evaluation module. It allows people to be able to do multiple inspections and then match them column by column for every time you've done inspection. Think of when you go out and you do a move in inspection, you do a midyear inspection, you do a move out inspection, and then you're seeing all of those inspections in front of you matched line item by line item, so you know what the kitchen looked like when you did the move-in, you know what the kitchen looks like when you did a midyear inspection and you absolutely you know what the kitchen looks like when somebody moved out If you can show some damages that the tenant have caused that home, there is never a question anymore about who caused it because you have such an access to data and information that is beyond anyone's ability to be able to dispute it in court. Again, that's the beauty about the technology and the use of technology in today's market compared to what was before. Jason: Yeah. Technology certainly is changing quite a bit. I think here in the US, we’re in the forefront of what's happening technologically in property management, even if we are maybe behind other countries in terms of how well-developed or how familiar people are with property management. It's exciting to see what you guys are doing. Before we wrap this up is there anything else anybody should know about Propertyware and how can they get in touch with you guys? Inaas: I appreciate that. What I would like to do though is I do want to talk a little bit about the industry in general because I want to take this platform as a way for us to be able to educate and train. I do believe that our industry and to your point earlier some other countries have this property management business defined a little bit better and it's a little bit more integrated within day in and day out lives of people, so it's looked at a very different. Jason: There's probably two things, maybe just more legislation surrounding it and maybe just more awareness in those markets. Inaas: Awareness is really a good word. Thank you. The reason why I mentioned that is I truly believe that our industry has been under attack this year and is probably going to be continuing on ongoing under attack from almost everywhere. Whether it states that they're changing the rules, whether it's businesses that they're changing the rules, whether it's somebody else is changing the rules. The problem with it is I think we're so defragmented to the point that we lost the ability to stand up for ourselves as an industry. [...] I can give you of states changing the rules on the fly and make it miserable for our PMCs to be able to operate. Not to single them out, but I'm going to make an example of the State of New York. They just rolled out a brand new law about that the tenant protection law, that's what they call it. The effect of those things that they put into the… Jason: Protecting the tenants from the big bad evil landlord. Inaas: Yes, exactly. Part of it, for example, you can't charge more than $20 for application fee. You can't even call it an application fee, you have to call it something else. If the customer or if the tenant brings you a copy of an old credit report, you typically have to accept it and not charge him anything if you're going to go screen them through your ways. You can imagine the complexity that this is putting on our PMCs in the State of New York and they're not the only state. I know some other states and they're changing things, changing rules. The reason why I say all of this is I do have an ask for all of us as property managers and the ask is, let's really get together. Let's support the organizations that support us. I don’t want to make this a pitch for any specific organizations that are very well known in our industry, that are usually a couple, two or three, but let's support them to be able to have a voice, so they can stand on our behalf against some of these things that are happening to our industry. Let's really truly do a good job making sure that we're providing the utmost best customer experience, the best customer service that we can provide, because that is the only savior for us to where the public is going to realize that we have value and what we do has value and they're going to continue on working with us and our business is going to continue to grow. That's as far as the industry. I really wanted to make sure that I put that plug in there. You asked me about Propertyware, I think we've talked… Jason: To touch on that I want to agree with you on that. Property management is really in its infancy I think here in the US in terms of awareness and perception. Every property management business owner is either an advocate for the industry or they're hurting the industry. We all need to be advocates for the industry and we also need to educate. We need to educate because I think if a lot of these laws wouldn’t exist or they would be very different if property managers had input, because they know what works in the real world. They know what needs to happen. They do want to protect the interests of the tenant and the owner. When things get skewed, when the pendulum swings all the way away from the owner’s interests or the landlord’s interest just towards what serves the needs and interests of the tenants, eventually it's not really going to end up serving the needs of the tenants. It creates some sort of imbalance that is going to hurt tenants in the long run. That's generally just always going to be true when something isn't right, or isn't fair, or isn’t just. Inaas: I totally agree 100% and I think you hit the nail on its head with the education. I do also feel that we should educate everybody that we come across with. Whether it's our tenants, whether it's our owners, whether it's somebody else that we're dealing with our vendors. One thing that I was very advocate for when I ran either of my company or other companies, is the fact that you have to have an onboarding experience for everybody you’re dealing with. An onboarding experience with your tenant, an onboarding experience with your owner, an onboarding experience for your vendor. And guess what? Also an onboarding experience for the HOAs that you're dealing with, an onboarding experience for the politicians that are responsible for your area as well because if you don't educate all of those people on what we and how we do it well, there is also not going to be something you're going to like. To your point, Jason, I think if the property managers were involved in some of these laws that they were written, I'm sure they would have been written differently. It's not because we don't want to protect the public. We actually have the utmost respect for the public, but we know what works, and we know what works well. If the idea is to make sure that a tenant has the opportunity to not being overly charged for a particular application fee or something like that, you could have written that in as a rule but a little bit differently than just making it where it’s mandated, it's one fee, and you're minimizing the ability for somebody to be able to do the right screening for their tenant and putting the right people in place. Jason: Even in contracts and everything else, we need a little bit of educated language to explain the why behind things. Inaas: Yes, absolutely, 100%. Jason: It’s like that spoonful of sugar that Mary Poppins says makes the medicine go down. There needs to be a little bit of education added to some of the stuff rather than just throwing out, “This is how we're going to do it,” and you have to just take it. Inaas: Agreed. Now, you did ask me about property. I do want to say a couple things here. It is a system that I'd like people to take a look into as an opportunity for them to understand what the system could do for them, what are we doing as far as these processes, these automations, the opportunities for the two-way API for them to be able to connect their system to everything else that they're working on. We understand that people have to have options and we're supporting that and we’re going to go with it. I just want people to take a look at what we've got to offer and if it's fitting to what they need and what their business model is, fantastic. We can work together. If it's not, it's no big deal. We will continue on staying part of the same industry and we’ll support each other, but I do feel that people are missing quite a lot by not checking out what the opportunities look like and what the options are with Propertyware. As far as connecting with us what I would recommend, if people go on to our website Propertyware.com, we've just finalized a new experience for what I'm going to call here the free trial where you can go in, login, take a look at a little bit of the system, figure out what's going on. You're certainly not going to be able to do every single thing in the system. I'm not going to allow you to be able to take a payment in the system or put a tenant in there and kind of have them pay you through it, but the beauty of that is at least, it gives you an insider look of what we have available to you. I would also invite you to have a conversation with our sales staff to really truly understand what we have to offer and then go through a demo. If it works, great. If it doesn't, no big deal. Jason: I want to point this out because I'm an advocate for the industry. I'm not a property manager. I want to see the industry shift towards more openness, more freedom. I love what you're saying. We've had other property management software on the past and the general message of one of the big players out there who I won't mention by name was just, we're going to just create everything internally. We're going to just try and give our customers everything that they need rather than giving them what they really are asking for. The general feedback I hear from everybody is they want freedom. They want freaking freedom to be able to make choices, to make the best choices for the business, to choose the best tools and vendors. They want freedom. As entrepreneurs, that's why we are doing what we are doing. We don't give up the 9-5 job so that we can work even more hours a lot of times initially and have a lot more stress and a lot more pain just because we're crazy. We do it because we want more freedom. We want to be choosing what we're doing. What you're saying I think is in alignment with entrepreneurs. It’s in alignment with entrepreneurs that are running these property management businesses. They want the freedom to be able to choose the vendors, choose the third party tools that they're going to be using, and they want that stuff to work with their property management software. I appreciate that that is a focus of what Propertyware is doing. I wanted to point that out because I think it's important to highlight those in the industry that are doing that. I see you guys doing it. I see Rent Manager doing that, the open API thing. One thing I've also always appreciated about Propertyware since we started doing websites at DoorGrow back in the day, the very first website I did were websites for Propertyware clients and customers. I've always had that really good integration for the widget. In the first, I have a JavaScript widget, it would populate the data, it wasn't just a cheesy iframe thing that we were putting into the page, and that's always been nice. It's always been nice to have that reduced double data entry. People are putting in their properties into their websites and then doing that just back in the day. We've come a long way since then, every everybody has. Now they're using tools like maybe Tenant Turner, ShowMojo, or Rently, and some of these sorts of integrations. I've always appreciated those aspects of Propertyware. Question. Most people have a property management software. I would imagine most people listening to this show are not just startups that are like, “Which software should I pick?” Say they're using AppFolio, they're using Buildium, they're using Rent Manager, they're using Rentec Direct, they're using something already. What would you say as far as switching? We mentioned already. It’s painful usually to switch. How do you help facilitate this if you're going to get customers on? They're going to have to make the switch. Right now, they're probably not even listening because they're like, “There's no way I can switch. I'm married and I'm married for eternity.” I'm going to give you an opportunity to help them break up that marriage if it's dysfunctional. Inaas: I am so appreciative of you bringing this on as well. I do want to go back though. Freedom, I love that. I'm actually going to use it because you are correct in making sure that you highlight the fact that it's all about freedom. Yes, we do have offerings. Yes, we do have products, but at the same token, I am personally a believer. In Propertyware, we're believing that we have to provide options for people. You pick whatever makes sense for you as a property management company, if you have a different vendor that is offering something that is more unique to your business model and you like to use that versus using something that we have, great. Go for it. Now as far as the implementation—obviously you can use the API two-way data exchange to be able to connect them so you don't have to double entry anything—the implementation is such an important piece. When you talk to technologist and you talk to them about implementation, they just don't realize the amount of hassles that a PMC will have to go through when they're jumping from one system to another system. To them, it's more of a 1+1=2. Once I came in to Propertyware, the first thing that I have to tackle was our implementation. What we did with it is a couple of folds. One, we broke it down to where we provide now tools for ability to be able to have clean data that gets into your system. Having clean data is half the battle for your implementation because if you have a good, clean data coming into your system, it makes your life so much easier to be able to operate. What we found, a lot of PMCs may not have realized some of the, I'm going to use the word “garbage” that they may have had in their systems. When we go through our checks, we come back to our PMCs and we say, “You told us you managed 200, 300, 1000 doors but when we're looking at your data here, we're seeing 1033, so what's going on with those additional 33 units? Are they truly for rent? Are they truly something you don't use? What's going on with them?” and they're coming back saying, “You know what? You're right. Those are people that we lost two years ago and the person who was working on the system never deactivated the units.” Having good data is half the battle. Second is the partnership between the PMCs as well as a good implementation team that allows them to go through the experience one step at a time. What that means, when they're coming in to us to be able to work with Propertyware, they're going to be assigned a particular team with one project manager who is driving the entire implementation from A-Z. They have calls, they have specific asks, there is a specific journey that they're going through step-by-step. Data is usually number one issue that we all come across. Number two would be all your accounting setups. Number three would be all you process setups. Number four would be more of your training and your customization. Number five kind of bringing it all together with KPIs, reports, and dashboards. Now, after you've done all of this implementation, then you're also going to get the training team to come in and do full training with you for all these processes. That training is part of the implementation. It's not something specific that you got to pay for. It also allows you to be able to customize to what your business model needs. Let's say you have a specific way of doing move-ins, that trainer is going to learn that from you before they come out to train you and your staff. When they come out to train you and your staff, they're training you on the system to the best business model, to the best business process that you told him you want to do for that move-in. They're not going to tell you, “Propertyware does it this way,” they're going to say, “This is how you told me you want to do move-ins and this is how you could do the same thing in Propertyware for the best of all the results, whether it's for you or for us.” Last but not the least, what I would also mention is the fact that we provide our PMCs timelines for their integration. We point it out. We basically say you have, I think the timeline is about 90 days for you to be able to be integrated. You’re not paying for the systems during those 90 days until you fully integrated. Once you are fully integrated, then you start paying for it. That allows us to both be on the same footing saying, “We're going to work with you to be able to get you implemented because you're not paying us, so we're not making any money. At the same token, it's in our best interest to help you through this process so we can get you to that finalized implementation piece so you can start using your system.” Now, what we've seen is a huge reduction in the days of implementation for Propertyware in particular. We've also seen a very high number of what I would say happy customers that they came on our new plan for implementation. We’ve also seen a lot less issues with data when data comes in through the system and we're finding a lot of ahas from our clients similar to what I described to you saying, “Hey, I didn’t know that I had 1033 units. I thought I was only managing 1000 so now I got to deal with those 33 units,” or, “I didn't know that I could do move-ins this way or move-outs that way, or do a process of secure deposit, and refunds this way to be able to make it easier for me and more streamlined.” It's less touches, less communications, less points of friction between the teams, and then obviously what gives you the best results at the end of the day. We've seen very good results from our new approach with the implementation. Jason: People are a little frustrated with their existing property management software. It sounds like you guys have made a lot of changes, as well as the API stuff you’ve been talking about, direct integrations. It's probably worth to them to take a new fresh look at Propertyware. Inaas: Absolutely, yes. If you looked at it before, I do invite you to take a look at it again. I promise you, we've made a lot of changes. And we are continually making changes. We do this every day. When I say changes, it's really more of enhancements that really makes sense for all of what we talked about. You've mentioned the listing, how easy it is. One thing we just rolled out recently is the watermarking for photos in listing widget. It's a small thing but it's an awesome thing to have. Jason: It protects the photos. Inaas: It protects the photos. Especially if you're in areas where you're hit a lot by scams. When I went operating, I'm not singling them out but just a case of the matter. Florida was one of those states that had a lot of scams. By watermarking your photos at ease without a lot of work, it helps you to be able to protect them and making sure that no one is going to steal those photos to be able to scam you or your owners out of the property. Again, we're making enhancements that make sense and we're making enhancements that is allowing people to grow. Either by adding units, increasing their revenue, and/or reducing their expenses, and increasing their profits. Jason: Cool. Inaas, I appreciate you coming on the show and sharing some ideas about Propertyware, letting us know where everything's at with it. Again, people can get in touch by going to propertyware.com and check you guys out. Inaas: I appreciate that. Thank you very much, Jason. I'm really glad that I got a chance to be on the webcast with you. Thank you very much. You guys do a fine job. Please continue on these webcasts. Please continue educating our PMCs and just know that we're going to be supporting you all the way. If there is anything we can do for you and your listeners to be able to support them in their businesses, and in their endeavors, please reach out to us. We’d love to be your business partners. Jason: Awesome. Yeah, I would love to. That would be great. It would be cool. Maybe we'll do something to your audience at some point. That will be fun. Inaas: Absolutely. We welcome that. Jason: All right, cool. I love sharing the message that we share. I'll let you go Inaas. Thanks again for being on the show. Inaas: Thank you very much. I appreciate it. Thank you. Jason: As everybody knows, I love sharing the message that I think property management, there is a bigger vision for property managers than just getting mired in toilets, tenants, and termites. I do believe good property management can change the world. There is a massive ripple effect. There are thousands and thousands of families that can be affected by good management. There's a lot of situations in which families should be underneath good management instead of a crappy landlord situation. I do believe good property management can have a massive ripple effect that can change the world and hopefully that all of you get a little bit inspired or excited about that. You are having an impact. You get to make a difference. I am honored that through you my listeners, through our clients that we get to work with, that we’re able to get that message out, and that we’re able to have some small impact in the industry and have a ripple effect. I appreciate Inaas pointing that out. If you are a property management entrepreneur that wants to add doors, make a difference, then please reach out. We’d love to have you and maybe work with you, and see if you’d be a good fit for the type of client that we're looking to work with, and make a difference in this industry. Check us out at doorgrow.com. Until next time everybody, to our mutual growth. Bye everyone.
Retired? Can I Still Get A Mortgage? Mark Schreier Licensed Real Estate Agent with Century 21 American Homes and Quentin Hardy Mortgage Manager from Movement Mortgage discuss what is required to secure that mortgage. www.markschreier.com
Retired? Can I Still Get A Mortgage? Mark Schreier Licensed Real Estate Agent with Century 21 American Homes and Quentin Hardy Mortgage Manager from Movement Mortgage discuss what is required to secure that mortgage. For more info click here
Mark Schreier a Realtor with Century 21 American Homes explains the pros and cons of selling your house on your own. Do you really net more money sell your house on your own? www.markschreier.com
If you are selling you house and there is a bank involved you have to sell it twice before it is sold. Mark Schreier of Century 21 American Homes explains the appraisal process. www.markschreier.com
Great friend and award-winning top producer at Century 21. Olufemi Adebanjo, aka Femi, aka the Nigerian Hustler, aka Sexy Radio Voice joins Handsome to talk real estate on Long Island. Give it a listen and check out Femi at 917-337-3727 and https://www.century21.com/CENTURY-21-American-Homes-4506c/Olufemi-Adebanjo-370945a (https://www.century21.com/CENTURY-21-American-Homes-4506c/Olufemi-Adebanjo-370945a). As always, this podcast is brought to you by CAPTAIN PERMIT! http://www.captainpermit.com/ (http://www.captainpermit.com/) --- Send in a voice message: https://anchor.fm/charles-weinraub/message
How a home inspection can cause you to lose the house you have been searching for. Mark Schreier Realtor with Century 21 American Homes explains how this can happen.
WE ASK OUR DESIGN COLLEAGUES ACROSS THE COUNTRY THIS QUESTION. HERE THEY JOIN US WITH THEIR ANSWERS: Kelli Ellis, (Los Angeles, Las Vegas) interior designer and lifelong traveler, represents the epitome of livable luxury, casual international style mixed with rock star glam. Her celebrity and discerning clientele benefit from her extensive world travels, adding dramatic artwork and unique accessories used to create havens You’ve likely seen Kelli as the featured designer on TLC’s Clean Sweep, HGTV‘sTakeover my Makeover, and productions of Value Booster’s, Move or Improve, and The House Therapist. You’ve watched Kelli design homes and offices on Bravo’s, Real Housewives of Orange County. On HGTV’s #1 Holiday hit, Celebrity Holiday Homes, and is a guest designer on HGTV’s current hit show, House Hunters Renovation. Kelli proudly stars in her own show on The Design Network, Design Therapy Kara Cox (Greensboro, NC) Kara Cox Interiors is a full-service interior design firm with a fresh approach to classic interiors. Kara marries her fashion-forward look with traditional Southern style. Kara's known for her expert color selection and pairings of traditional shapes with modern art and accessories. She often incorporates clean, tailored lines and dressmaker details in her interiors blurring the boundaries between fashion and home. After graduating from The University of North Carolina at Chapel Hill, Kara began her career in the fashion industry in New York City. When she returned home to North Carolina, Kara worked as an editor for a home furnishings magazine covering national and international trade shows, trend forecasting and gathering an extensive base of product knowledge. Building upon her experience in the furniture industry, Kara followed her passion for design by returning to school to obtain a degree in Interior Design in 2006. After graduating, Kara trained under Lindsay Henderson Interiors, one of North Carolina's premiere residential designers. Kara established her design firm in 2010. Kara creates lasting relationships with clients creating homes that reflect their family's personalities while infusing their interiors with a fresh version of classic style. Her full-service approach allows busy families to enjoy the design process as she manages the project from start to finish. JULIANNE TAYLOR (Charleston, SC) Owner of Taylor Burke Home a home décor brand offering bold, trend-setting designs made in the Southeast. Julianne Taylor Style is a series of licensed collections with other brands that showcase the design aesthetic of our founder, Julianne Taylor. Julianne has quickly emerged as one of the home décor industry’s most prominent female entrepreneurs. Taylor Burke Home’s bold, unexpected and sophisticated designs are highly sought after by premiere interior designers across the nation. She is also author of the popular book entitled “DesignHER”, a celebration of female entrepreneurs shaping today’s home décor industry. MITZI BEACH (Wichita, KS) Author, speaker, award-winning interior designer with a master’s degree. She is a top expert in “Boomer Smarts” interior design for the changing demographics of American Homes. She speaks nationally on topics such as “Homes of the Future” and ageless design. Remodeling and upgrading homes for the 50+ boomers is her expertise.
This week’s podcast episode is number 200. 200 episodes. Can you believe it?! As if that wasn’t exciting enough, last week the Organize 365 podcast surpassed 2 million downloads! Thanks to each and every one of you who have listened to my podcast and who have supported me with Organize 365. I thought a lot about what to cover on my 200th episode and decided that I wanted to talk about paper, one of my favorite topics. Also, this week I have a few special announcements to make… all of them related to paper! I’m launching a second podcast – The Sunday Basket® Podcast In January 2018, I’m going to launch a second podcast called The Sunday Basket® Podcast. Recently, I’ve been wanting to talk more and more about paper organizing, but I know that not everyone wants to hear about it. So I decided to create a separate podcast where I can talk about paper organizing to my heart’s content for anyone who wants to listen. By having a separate podcast all about paper organization, I can focus the Organize 365 Podcast on my philosophy for home organization, mindset, other fun organizational predicaments, and productivity. Every generation handles paper differently Every generation looks at organization differently, and as such, they handle their paper differently. When we understand our generation, we develop an understanding of how we handle paper. Here’s an example of how we handle paper differently. The majority of people today do not use checkbooks anymore. However, I spend 30-40 minutes a week balancing my checkbook and reconciling our household transactions. I can’t comprehend how other people don’t do this! As a Gen X person, I was brought up with paper. On the other hand, Millennials will tell me that they do not have any paper. It is not a "thing" for them at all. What is a checkbook?! The paper tsunami is coming The majority of paper is with the Silent Generation and the Baby Boomers. These generations set up filing cabinets. They did not have computers so paper ruled. Today, we tend to continue with the filing cabinets, but our habits have changed... rather, our filing cabinets have become a habit and not a resource. We have all sorts of paper that we file away, but if we want to look something up, we don’t go to our paper files, we look things up online! Realistically, 80% of the paper in our filing cabinets right now should be recycled or shredded. The issue is that none of us want to shred all of that paper. But neither do Baby Boomers or the Silent Generation. One of these days someone is going to have to go through all of this paper. Even if you don’t do this with your own files, you may end up doing it for your parents and your grandparents. All of these files need to be sorted through, because while 80% of it most likely can be shredded, the other 20% is very important. For example, it could be an important part of your family history, or even lead to cold, hard cash. I have found both when sorting through my family paperwork! I helped a client with her paperwork when her husband passed away and there were multiple 6-figure investments hidden in the piles of paperwork that, thankfully, we discovered. This happens more than you can imagine. Almost always, when circumstances lead to you having to sell your parents’ home, paper is the one thing that gets boxed up to deal with "later." Your parents' generation has likely lived in their home for decades, and therefore, there is SO much to sort through. Paper always seems to be the thing that can be boxed up. The issue is that "later" can become decades. This can result in generations of paperwork boxed up in people’s basements. After all, who has time to sort through it all? I’m writing a new book about paper organization! I’m so excited to share with you that I’m writing a book on paper organization. My book will help you handle the paper tsunami that is is coming – the tsunami consists of your own paperwork, plus your parents’ paperwork, and your grandparents’ paperwork. We don’t need filing cabinets anymore. I call files little paper graveyards! We need all of our information digital and scanned. My book will take you from the Sunday Basket® to online digital scanning. My goal is to provide the road map that people need to help them tackle their paper and NOT keep it out of sight and out of mind in the basement anymore! With all the natural disasters that have been happening lately, I am more inspired than ever to help people get their paper digitalized so that it’s always available to them. There is a paper tsunami coming… and we need to be ready! Please take the household paper survey I would like to find out more about the paper in your house. I would love it if you would take my household paper survey. It will only take you 5 minutes to complete. The link to it is on the Organize365.com homepage. Sunday Basket® Workshops If you want to get started with sorting your paper, please consider signing up for a virtual SundayBasket® Workshop with me. I love delivering the virtual workshops. They are so much fun and I guarantee you will find it really helpful. Learn more here. Or maybe you would prefer an in-person Sunday Basket® Workshop delivered by a SundayBasket® Workshop Licensee. That would be amazing! Click here to find your nearest in-person workshop provider. Or maybe you’re interested in becoming a Sunday Basket® Workshop Licensed Provider! Registration is always open. Click here to learn more. Creating a Schedule Printable Finally, for the past couple of months, I have focused on productivity, looking at goal setting and routines. Many of you downloaded my Creating A Schedule printables. I hope you found them useful. If you haven’t downloaded it yet, what are you waiting for?! One final note... In the podcast, you'll hear me mention adding a new front page to the printable that lists the 5 podcasts related to it... why you need a morning routine, afternoon and evening routine, how to plan your week, and how to set goals. Well, I didn't do that after all so I've just linked to them here. Now that's productive! Have a great week, and don't forget to take the paper organizing survey! View the complete post here: https://organize365.com/200
Glass Goblets, American Homes and Gardens, 1905. Using the Enchiridion as a jumping off point, Erik and Potatowire talk about what’s really under our control and how to use that knowledge to live a more balanced and constructive life. Epictetus - Enchiridion Stoicism Arrian of Nicomedia James Stockdale Hanoi Hilton James Stockdale - Thoughts of a Philosophical Fighter Pilot James Stockdale - Courage Under Fire Seneca - Letters to Lucilius Marcus Aurelius - Meditations Ryan Holiday - The Obstacle Is The Way Ryan Holiday - Ego is the Enemy Next episode’s book for discussion: Alan Watts - The Wisdom of Insecurity
Welcome to Episode #50 of the Zacks Market Edge Podcast. Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. In this episode, Tracey is joined by John Blank, Zacks Chief Equity Strategist, to discuss what’s going on in America’s housing market. In 2016, builders are expected to add 320,000 new apartments across the United States, up 50% from 2015. Tracey and John have the most hands on experience with Chicago and Los Angeles as Tracey lives in Chicago and John lives in Los Angeles so they are both able to see the cranes that are dominating the skylines. In Chicago, another 8,300 apartments are expected in 2016 with 6,200 going up in Los Angeles. There are also big condo/hotel and commercial real estate projects going up in both cities. Los Angeles has a $700 million mixed use project expected to go up across from the Staples Center. In Chicago, ground was just recently broken on the Vista Tower, a $1 billion hotel and condo building which will be the third tallest in the city. Tracey and John discuss whether or not it is too much at too high of prices. Who owns all of these buildings? Will someone get into trouble if there is an economic slowdown? As a stock investor, you can own apartment REITs. Tracey and John discuss some of the biggest REITs and their payouts: 1. Equity Residential (EQR): dividend = 3.1% 2. AvalonBay (AVB): dividend = 3.1% 3. UDR (UDR): dividend = 3.4% They also discuss the single family home rental market which has become big business after companies bought up foreclosures following the Great Recession. There are two big home rental companies: 1. American Homes 4 Rent (AMH) 2. Colony Starwood Homes (SFR) Colony said in the second quarter that total occupancy was at 95% and that it was still seeing “strong demand.” Should you invest in any of these real estate stocks? Listen to the podcast to find out what Tracey and John think about getting into real estate now. Equity Resident: https://www.zacks.com/stock/quote/EQR?cid=cs-soundcloud-ft-pod Avalonbay Community: https://www.zacks.com/stock/quote/AVB?cid=cs-soundcloud-ft-pod UDR Inc: https://www.zacks.com/stock/quote/UDR?cid=cs-soundcloud-ft-pod American Hm 4 Reality: https://www.zacks.com/stock/quote/AMH?cid=cs-soundcloud-ft-pod Colony Starwood: https://www.zacks.com/stock/quote/SFR?cid=cs-soundcloud-ft-pod Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
www.nevadarealestateradio.com Prior to joining DCG, Trevor was an acquisitions assistant vice president with American Homes 4 Rent (REIT), a national leader in single family home rentals. During his two years with the REIT, he operated on the front lines of growth and development while frequently traveling to more than 20 markets across the U.S. Trevor gained significant acquisitions experience as the company grew from 5,000 single family homes to more than 35,000 nationwide, almost entirely through single unit transactions. Born and raised in Reno, Nevada, Trevor launched his real estate career as operations manager for multiple private equity funds that focused on acquiring and renovating distressed residential assets in northern Nevada and northern California. Direct: 775-850-3100 Cell: 775-233-0754 trichardson@dicksoncg.com
This episode stars Mel Bosworth and Ryan Ridge (Camouflage Country, Freight, American Homes, Small Press Book Review, Juked). It was recorded over the Skype between the TBWCYL, Inc. corporate offices in Chicago, IL and Bosworth's home in Northhampton, MA and Ridge's home in Louisville, KY in December 2015.
Ryan Ridge‘s American Homes (University of Michigan Press, 2014) is at odds with category: it doesn’t really fit neatly, or even at all, into any preconceived notion of what prose fiction should read like, or effect in the reader. Ridge’s novella-length work is something more like a Lonely Planet travel guide, or the recovered fragments of some distant, arcane encyclopedia. But even Ridge isn’t quite sure what it is. It just is. American Homes. It starts at Part III and moves through a prose-schematic of domestic spaces: walls, windows, attics, blinds, roofs, porches, chimneys, doors. American Homesoffers ontological conundra (“A Door is not a Door when Ajar.”) It offers sage statistical insights (the Front Door “…accumulates more Annual Knuckle Precipitation than both the Back Door and Side Door combined.”) It offers its own literary criticism, of itself (“The Porch Swing is a Post-Cynical literary device… It is also the symbol of freedom in the book American Homes.”) But maybe “What category?” is the wrong question. Updike wrote, and was later quoted by Ryan Ridge in his book, American Homes: “What art offers is space.” And what Ryan Ridge does with the spaces his art allows him to explore, and substantiate, is unexpected, bright, and often, funny. What you slowly begin to suspect as you read, is that American homes are not just American homes. As for the book, American Homes, there is at least what Ridge himself defines it as. “American Homes is targeted at affluent women with a flair for the unconventional. American Homes is aimed at men who are comfortable with their feelings about their feelings. American Homes is feeling much better. American Homes is never worse. American Homes is an obstacle course. American Homes is between shopping centers and the skeletons of factories. American Homes is distinctly American.” Learn more about your ad choices. Visit megaphone.fm/adchoices
Ryan Ridge‘s American Homes (University of Michigan Press, 2014) is at odds with category: it doesn’t really fit neatly, or even at all, into any preconceived notion of what prose fiction should read like, or effect in the reader. Ridge’s novella-length work is something more like a Lonely Planet travel guide, or the recovered fragments of some distant, arcane encyclopedia. But even Ridge isn’t quite sure what it is. It just is. American Homes. It starts at Part III and moves through a prose-schematic of domestic spaces: walls, windows, attics, blinds, roofs, porches, chimneys, doors. American Homesoffers ontological conundra (“A Door is not a Door when Ajar.”) It offers sage statistical insights (the Front Door “…accumulates more Annual Knuckle Precipitation than both the Back Door and Side Door combined.”) It offers its own literary criticism, of itself (“The Porch Swing is a Post-Cynical literary device… It is also the symbol of freedom in the book American Homes.”) But maybe “What category?” is the wrong question. Updike wrote, and was later quoted by Ryan Ridge in his book, American Homes: “What art offers is space.” And what Ryan Ridge does with the spaces his art allows him to explore, and substantiate, is unexpected, bright, and often, funny. What you slowly begin to suspect as you read, is that American homes are not just American homes. As for the book, American Homes, there is at least what Ridge himself defines it as. “American Homes is targeted at affluent women with a flair for the unconventional. American Homes is aimed at men who are comfortable with their feelings about their feelings. American Homes is feeling much better. American Homes is never worse. American Homes is an obstacle course. American Homes is between shopping centers and the skeletons of factories. American Homes is distinctly American.” Learn more about your ad choices. Visit megaphone.fm/adchoices
THE SHADOW - On July 31, 1930 a sinister voice came over the radio into American Homes. The voice of the Shadow appeared for the first time. In the beginning the Shadow was not a crime fighter. He was a mysterious narrator of mystery tales taken from the pages of Street & Smith's Detective Story Magazine. The publisher Street & Smith began to use radio as an advertising medium to promote their fiction publications. The Shadow was a perfectly creepy teller of tales promoting Street & Smith. This format continued until 1935 when creative differences between Street & Smith and NBC called a halt to the Shadow on the air. On September 26, 1937, the Shadow reappeared on radio with the voice of Orson Welles playing the part. The Shadow was now a full-fledged character on radio, not just narrating and introducing stories. The Shadow had an identity as Lamont Cranston, a wealthy man about town. He was accompanied by Margo Lane, originally played by Agnes Moorehead. Margo Lane was the only person who knew that Lamont Cranston and the Shadow were one and the same. No other agents assisted the Shadow, as did in the Walter Gibson fictional accounts. This radio Shadow had hypnotic power to make himself invisible to those around him and he possessed mental telepathy to read minds. Orson Welles played the Shadow from 1937 through March 1938. The Shadow became the highest rated radio show on the air at that time.
On July 31, 1930 a sinister voice came over the radio into American Homes. The voice of the Shadow appeared for the first time. In the beginning the Shadow was not a crime fighter. He was a mysterious narrator of mystery tales taken from the pages of Street & Smith's Detective Story Magazine. The publisher Street & Smith began to use radio as an advertising medium to promote their fiction publications. The Shadow was a perfectly creepy teller of tales promoting Street & Smith. This format continued until 1935 when creative differences between Street & Smith and NBC called a halt to the Shadow on the air. On September 26, 1937, the Shadow reappeared on radio with the voice of Orson Welles playing the part. The Shadow was now a full-fledged character on radio, not just narrating and introducing stories. The Shadow had an identity as Lamont Cranston, a wealthy man about town. He was accompanied by Margo Lane, originally played by Agnes Moorehead. Margo Lane was the only person who knew that Lamont Cranston and the Shadow were one and the same. No other agents assisted the Shadow, as did in the Walter Gibson fictional accounts. This radio Shadow had hypnotic power to make himself invisible to those around him and he possessed mental telepathy to read minds. Orson Welles played the Shadow from 1937 through March 1938. The Shadow became the highest rated radio show on the air at that time.
On July 31, 1930 a sinister voice came over the radio into American Homes. The voice of the Shadow appeared for the first time. In the beginning the Shadow was not a crime fighter. He was a mysterious narrator of mystery tales taken from the pages of Street & Smith's Detective Story Magazine. The publisher Street & Smith began to use radio as an advertising medium to promote their fiction publications. The Shadow was a perfectly creepy teller of tales promoting Street & Smith. This format continued until 1935 when creative differences between Street & Smith and NBC called a halt to the Shadow on the air. On September 26, 1937, the Shadow reappeared on radio with the voice of Orson Welles playing the part. The Shadow was now a full-fledged character on radio, not just narrating and introducing stories. The Shadow had an identity as Lamont Cranston, a wealthy man about town. He was accompanied by Margo Lane, originally played by Agnes Moorehead. Margo Lane was the only person who knew that Lamont Cranston and the Shadow were one and the same. No other agents assisted the Shadow, as did in the Walter Gibson fictional accounts. This radio Shadow had hypnotic power to make himself invisible to those around him and he possessed mental telepathy to read minds. Orson Welles played the Shadow from 1937 through March 1938. The Shadow became the highest rated radio show on the air at that time.
On July 31, 1930 a sinister voice came over the radio into American Homes. The voice of the Shadow appeared for the first time. In the beginning the Shadow was not a crime fighter. He was a mysterious narrator of mystery tales taken from the pages of Street & Smith's Detective Story Magazine. The publisher Street & Smith began to use radio as an advertising medium to promote their fiction publications. The Shadow was a perfectly creepy teller of tales promoting Street & Smith. This format continued until 1935 when creative differences between Street & Smith and NBC called a halt to the Shadow on the air. Go To GoDaddy, use the promo code blu19 and save 10%
The Shadow - 2 Episodes From 1938On July 31, 1930 a sinister voice came over the radio into American Homes. The voice of the Shadow appeared for the first time. In the beginning the Shadow was not a crime fighter. He was a mysterious narrator of mystery tales taken from the pages of Street & Smith's Detective Story Magazine. The publisher Street & Smith began to use radio as an advertising medium to promote their fiction publications. The Shadow was a perfectly creepy teller of tales promoting Street & Smith. Orson Welles played the Shadow from 1937 through March 1938. The Shadow became the highest rated radio show on the air at that time.
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