Podcasts about NOI

What if rent growth wasn't guaranteed—and your assumptions were the real risk?   In this episode, I sit down once again with urbanist and investor Jeffrey Kirton to unpack the latest national rental data and what it means for developers and investors. We dive into CMHC and StatsCan's updated rent reports, exposing the gap between advertised and actual rents, and the danger of relying on outdated metrics when planning a project.   We explore trends across cities like Montreal, Toronto, and Vancouver, compare market shifts in smaller towns like Sherbrooke and Drummondville, and discuss how public investment, remote work, and changing lifestyles are reshaping demand. Jeffrey also breaks down key investor metrics like yield on cost and why rent growth assumptions in your pro forma could make or break your next deal.   Tune in to learn why staying informed, questioning your assumptions, and thinking a few steps ahead is more important than ever in today's rental landscape.   —   Tired of spreadsheets and admin headaches in your rental business?   If you're a real estate investor looking to simplify operations and grow your portfolio, Kompas is your new best friend. This all-in-one property management and accounting software helps you automate the tedious stuff—like receivables, renewals, and leasing—so you can focus on creating value.   Boost your cash flow, improve your NOI, cut down back-office work, and scale with confidence.  

I rossoneri tornano a Perth a fine luglio per un'amichevole di lusso. Noi abbiamo intervistato "Il Concorde" brasiliano, ambasciatore del Diavolo in questa mini-tournée.

Title: Stop Chasing the Woman in the Red Dress: Multifamily Is the Smartest Move with Joe Fairless Summary: In this conversation, Joe Fairless and Seth Bradley discuss the importance of authenticity in business, the current state of the multifamily real estate market, and effective strategies for raising capital. Joe shares insights on sticking with multifamily investments despite market fluctuations, leveraging technology like AI and EOS for operational efficiency, and the significance of building authority and expertise in the field. The discussion also touches on personal reflections and aspirations, emphasizing the value of character and commitment in both business and personal life. Links to watch and subscribe:   Bullet Point Highlights: Authenticity is key in business interactions. Focus on your strengths and expertise. The multifamily market fundamentals remain strong. Utilize technology to enhance capital raising efforts. Building authority is crucial for new capital raisers. Networking through influential connections can be effective. Character is more important than reputation. Sticking to one niche can lead to greater success. Continuous learning and adaptation are essential. Coaching and mentoring can be fulfilling personal pursuits. Transcript:  Joe Fairless (00:03.629) Hey, how you doing?   Seth Bradley, Esq. (00:04.881) Alright man.   How are you? I don't know if we've actually met in person or not, but funny, I'll share the story once we start officially recording, but once upon a time when I was trying to find my place in this syndication world, had a phone call with you and it was awesome to actually get to speak with you at the time because it was just like, whoa, this is Joe Fairless, right? So it was a huge deal, so it's awesome to have you on the show.   Joe Fairless (00:34.966) You know what? I take notes of every conversation and I see it was around May of 2019. Yeah, yeah, I see that. It's awesome. Well, looking forward to every five years we should do this.   Seth Bradley, Esq. (00:43.988) There you go. There you go. Awesome, man. Awesome.   Yeah, let me...   Seth Bradley, Esq. (00:53.1) Sounds good, man. Sounds good. Sounds good. So just to give you a little bit of groundwork here. So I'm a securities attorney by trade. I've raised capital for syndications, those sorts of things. I'm currently with Tribest, I'm chief legal officer over there. So we do, put together fund to funds in a box for capital aggregators. And I'm rebranding the podcast. So once upon a time it was Passive Income Attorney. I was really focused on bringing in investors into my deals, raising capital, that sort of thing.   Now I'm rebranding this as raising the bar gonna be kind of more of a general General podcast on business and raising capital and in real estate that sort of thing. So It's gonna be more of a general audience before it was past investors This is gonna be more kind of business people active investors because I'm actively trying to bring in you know capital raisers and People like that. They're putting deals together for my law firm and for for tribe vest   Joe Fairless (01:33.998) Mm-hmm.   Joe Fairless (01:48.354) Mm-hmm.   Joe Fairless (01:51.884) Makes sense. Thanks for that context.   Seth Bradley, Esq. (01:53.544) Yeah, cool cool. So and then format wise we'll just do it'll be pretty short We're gonna do like 25 minutes 30 minutes And then we'll go into kind of these like mini segments because I want to do these mini episodes And I think I sent those over to you one is just million dollar Monday. Just kind of how you made your first million How you made your last million how you're make your next that sort of thing and then the next one is the the 1 % segment which is kind of you know, how did you become basically?   Joe Fairless (02:00.504) Sweet.   Joe Fairless (02:15.47) Mm-hmm.   Seth Bradley, Esq. (02:21.364) 1 % like the best top 1 % in what you do and that sort of thing and just kind of giving actionable steps to the listeners about how they can get there too.   Joe Fairless (02:25.442) Mm-hmm.   Joe Fairless (02:30.314) Awesome. Sounds good. Sounds like fun.   Seth Bradley, Esq. (02:32.98) Cool. All right, man. Well, we're already recording, so I'll just kind of jump into it and then we'll make the, I'll make the cuts later. cool. Welcome to Raise the Bar with me, your host, Seth Bradley, where we have elevated conversations on raising capital, real estate, and entrepreneurship. Today, we have an incredible guest, Joe Fairless. If you've been living under a rock, then maybe you haven't heard of Joe, but everybody in my industry knows Joe as an industry leader, a thought leader.   real estate entrepreneur, extraordinaire, marketer, master marketer, all of the above. So Joe, welcome to the show.   Joe Fairless (03:10.36) Looking forward to our conversation, Seth.   Seth Bradley, Esq. (03:12.884) for sure man. So, you know, I like this question because it's kind of unusual and I have a hard time answering it and you might too, but we'll see. you know, when a stranger asks you what you do and it just comes up to you maybe at a conference or on the streets, what do you say?   Joe Fairless (03:28.398) I'd I buy apartment buildings.   Seth Bradley, Esq. (03:30.546) I love it. Keeping it simple, man. I guess that was an easier answer than I anticipated.   Joe Fairless (03:35.182) Well, yeah, I've been to in my early days I went to seminars and they have much longer more thought-provoking responses like, know, I help high income earners create passive income or something along those lines, but I keep it simple. I buy apartment buildings and then, you know,   let the conversation go where it naturally would go.   Seth Bradley, Esq. (04:06.366) I love that man. Yeah, and you know, to be honest, know, that response that you just mentioned is a little bit played out. Don't you think? I feel like if you're on LinkedIn or if you're on, you know, conferences, everybody's like, yeah, I raised capital from passive investors so I can help them do this and do that. Do you think that's a little bit played out? Do you think that people need to kind of change that marketing strategy at this point?   Joe Fairless (04:25.697) Well...   I think you should just be authentic. think just go with what feels right for you and what you'll enjoy talking about. Just go with what feels right for you. That's what I do. I am not a salesy person.   I feel uncomfortable if I'm trying to sell someone something. I believe in what I do, but I feel uncomfortable if I'm trying to force it. And so if I'm like, I was just at a dad-daughter dance this past Sunday and we met up with some couples that I didn't know any of them. was just couples that, you know, my daughter...   goes to their parents of the kids who go to school with my daughter. And so I was talking to one of the dads and he said, what do you do? I I buy apartment buildings. And he said, that's interesting. Then we started talking about what I do because he was naturally interested. And I enjoy that much more than trying to intentionally bait a hook. I'd just rather just have a conversation.   Seth Bradley, Esq. (05:40.03) Yeah.   Seth Bradley, Esq. (05:43.57) Yeah, yeah, I think that's the key, right? Especially in today's world where everything's online and you just get marketed to and advertised to all the time. You've got to be authentic and you need to have an elevator pitch, it's got to be authentic. It's got to be really who you are. And it can't be sales because people are so sensitive to that nowadays, whether you're raising capital or whether you're W2 doing your job. And we're all salespeople to a certain extent, whatever we do.   But people are very sensitive to that. So you've got to really focus on being authentic and coming from a place of genuineness.   Joe Fairless (06:20.91) Nobody in the world can do you like you do you. You've got a unique strand of DNA that no one else can be the Seth Bradley that you are, the Joe Farrells that I am, because it's impossible. It's impossible. There is no one like you. There is no one like me.   And it's just the more magnetic, the more genuine and true to who I am, the more magnetic I feel like I become because people enjoy authenticity and it's just the right way to play it, right way to do it.   Seth Bradley, Esq. (07:01.684) Totally, totally, totally. For our audience, just tell us what you're doing nowadays. mean, there's been kind of some changes in the market with the interest rates going up, those sorts of things, maybe starting towards the end of 2022. I know for myself, I was in the capital raising game for a number of years and then I kind of slowed down there towards the end of 2022, beginning of 2023, just to kind of see what the market was gonna do, just to see if we could still get some really good deals going, see if some of the other deals were going bad.   you know, what, what are you up to nowadays? Like what's your focus? right now.   Joe Fairless (07:36.77) The focus has been and always will be on our current portfolio and the deals that we have and operating those deals the best that we can and continuing to improve the NOI. So that is the focus.   There we have some deals that have floating rates with rate caps and the focus is to figure out how not to have floating rate with rate caps that you have to continue to renew once they expire. So that comes with refinancing and in order to refinance and sometimes you have to do a capital call or if you don't do a capital call you gotta bring in equity in some form or fashion to refinance.   some cases, it just depends on the deal. So the focus is on the portfolio and always will be. And then the secondary thing that we look at is acquisitions. How do we capitalize on the market that we're at right now? mean, the best way to describe it that I've read is it's stagnant. You know, it's just...   Not sure. The water, there's stuff growing in the water, but not sure if you really want to be part of what's growing in the water right now. Like it's just, it's stagnant and what will, but we also know what is coming.   Seth Bradley, Esq. (09:00.486) Yeah.   Joe Fairless (09:12.264) and that is the supply demand shift in multifamilies favor depends on the sub market and the market obviously. But generally the Sun Belt is going to greatly benefit in the next year, year and a half, in some cases six months from now.   with the supply-demand dynamic with new supply drying up and increasing the demand for the existing supply. Again, depends on the market, depends on the sub-market. So how do we capitalize on that? is there any way to be opportunistic with what's happening with some deals from other operators that   didn't work out. know, there haven't been a lot of foreclosures, but there have been some. And we have relationships with our lenders that are pretty strong. And in fact, one, a large lender that we have a really good relationship with, that we have properties with, they foreclosed on someone else's deal. And I won't name names on who they foreclosed on, but they foreclosed on someone else's deal and they came to us   Afterward and said hey here here. Here's a here's an opportunity. It's in a great area of Fort Worth and I'm from Fort Worth so I know we have a lot of property there too, but I know the market also I grew up there and We'll give you this special financing of around 3 % or so interest rate fixed interest rate   for year one and then it's fixed through the whole period of the loan but then the interest rate steps up to around four, four and a half percent over the five years. So to get that type of essentially seller financing but it's lender financing direct from the lender lending institution that foreclosed on the deal in a very good area of Fort Worth.   Joe Fairless (11:29.326) There are opportunities out there also. So it's how do we become opportunistic and find these deals. And so we're in the process of closing on that deal or doing due diligence on that deal. We're under contract and we're scheduled to close in about a month and a half from now.   Seth Bradley, Esq. (11:49.316) Awesome, awesome. Have you found it difficult at any point in time, kind of over these last couple years where the market has slowed down?   Joe Fairless (11:56.654) Whatever you're gonna say, yes. So finish your question, but the answer is yes. Yes, I found it difficult over the last couple years, but what exactly are you asking about that's difficult?   Seth Bradley, Esq. (11:59.732) Yeah. Sure. Specifically, should say sticking with multifamily because you are a multifamily guy and you you've seen you've seen where everyone, you know, everybody wanted that on that multifamily train for, you know, a decade, if not longer.   Joe Fairless (12:15.598) Mmm. Man.   Seth Bradley, Esq. (12:23.696) And now you've seen a lot of these same people change their tune and say, okay, well, you know what? Let's pivot to something else. Let's pivot to car washes or private credit funds or all these other things.   Joe Fairless (12:29.998) Man, I'm actually, I know you're an attorney, but can I strike my yes actually from that question? Cause no, actually the answer is no. I haven't found it difficult to stick with multifamily. Hell no. No. You know, you go to a restaurant at a diner and they offer lasagna, California roll and what else?   Seth Bradley, Esq. (12:41.16) Hahaha   Seth Bradley, Esq. (12:49.107) Ha ha.   Seth Bradley, Esq. (13:01.204) Ha   Joe Fairless (13:01.356) Pad Thai, you know, are they gonna have the best lasagna, California roll, and pad thai? No, no. They've got something for everyone, but they're not gonna be great at any of it. I'd rather go to an Italian restaurant that makes their own noodles, right? Makes their own pasta. And where they specialize in one thing.   Not at all. No, we I believe in the fundamentals of multifamily. I believe in the supply demand that is here. I mean we had a record number of supply across the board and multifamily and the occupancy maintained 90-91 percent depending on the market but it maintained in the 90s in a record number of supply and by the way at the same time you got   the capital markets raising interest rates the way they did. And a lot of people have been able to hold serve. And the fundamentals of the supply demand and how much...   how many renters there are out there and how that will continue is there. That's cold hard facts. There is demand, a lot of demand, and there will continue to be even more demand because the supply is trailing off. We have never looked.   outside of multifamily because it's so strong. I think that is a cultural thing actually because if you, anyone who's in the sports, college sports, they'll know about the NIL and   Joe Fairless (14:54.784) how you can bounce from one team to another year after year. And so you'll find some people who aren't starting and if they put in the work then, and I'm for NIL, I think players should be paid, but I don't think that they, I don't think they should, I don't think it serves them as young men and young women.   mostly young men in this case who are bouncing from place to place, to not compete and not work for a starting position and instead just go somewhere else the path of least resistance. That's not how you build character. There's a really good book, it's called The Road to Character.   and they talk about in the book, they give different examples of people throughout history. And they're not exceptional, like saintly people. They're people who are normal people, but what they did that is atypical for what our culture does now is they stuck with things even when it was tough.   Seth Bradley, Esq. (16:09.682) Mm-hmm.   Joe Fairless (16:09.998) and instead of bouncing from thing to thing because what happens is when you bounce from thing to thing you don't get an expertise you don't get the the depth of knowledge the scars that that you need in order to be truly exceptional at that one thing and it's just surface level   And it'd be like if you feed your kids candy for every meal. I mean, it's same thing. You can't live on mental candy, right? You gotta have some substance. You gotta go through things.   Seth Bradley, Esq. (16:43.06) Yeah, I love that man. I love that metaphor. I love that. Like you've got to get reps, whether the times are great or an easy or whether they're hard. And those hard reps are the ones that are really going to set you up for success down the line. Like if you're able to execute in the hard times, then when times turn good again, you're going to be at the top, right? You're going to be cream of the crop. What do you, what do you think it is about you and maybe your company that's enabled you to do that, to stick?   to multifamily and not say, ooh, you know what, I'm a really good marketer so I can raise capital for anything if I really want to, right? You're in that position and what is it about you and your company that's been able to allow you to stick to multifamily and just stick to it during these hard times?   Joe Fairless (17:32.762) the fundamentals are there. I mean, you could make an argument that if we were office investors, and I have some friends who are really keen on investing in office now and in the future, but you could very easily make an argument that with the amount of office space that people have currently, you don't need as much of that space.   It's not a five, you know, three to five to seven year play. Maybe it's a 20 to 50 year play. I don't know. Who the hell knows what's going to happen with office and working from home and AI and automation and all that. But with multifamily, the challenge is capital markets. Now there are some other aspects like the hyper supply, which has tapered off.   because of the higher interest rates increase in you know insurance which has tapered off back to the single digits by and large but that that was a big thing property taxes depending on where you're at but the fundamentals are there people are renting and consumers for yeah unfortunately for generally you know for the general consumer their credit card debt   is going up. They're still paying off their credit card debt from purchases almost 12 months ago. More than half of people are paying off purchases for more than 12 months ago. that's so right now they've been out earning their income because income has been increasing. But what happens if that income stops increasing the way it has been?   the debt's not going anywhere, especially credit card debt, and that's certainly not going to make more first-time home buyers that dynamic. So the fundamentals are there, and not to mention we already have a housing shortage deficit, major deficit.   Seth Bradley, Esq. (19:50.866) Yeah, so it's the belief and it's the knowledge like it's the education like you you know that the fundamentals are there you you're you're basing your resilience in the market to What you're seeing in the data like hey, it's you know We we believe in this asset type because of the data that i'm Well educated and well versed in   Joe Fairless (20:09.752) Mm-hmm.   Joe Fairless (20:14.346) Absolutely.   Seth Bradley, Esq. (20:16.168) That's incredible. That's incredible. Has anything changed in the way that you potentially because you've got a deal that might be going through in the way that you either have raised capital recently or how you are going to raise capital for your next deal as compared to when it might have been a little bit easier, let's say five years ago from passive investors?   Joe Fairless (20:38.612) Yes, we have implemented a system that I'm sure a lot of your listeners have heard of EOS, Entrepreneur Operating System, and that has been very helpful. We just did our focus day a month ago, but we've hit the ground running and we have our, I think, Vision Day part one later this month and Vision Day two.   next month and that has allowed ownership among the team members to really thrive because team members are responsible for rocks or their goals but if you say goals instead of rock they'll the EOS person will slap your hand so I'll continue to say rock so they're responsible for rocks and it's just   It takes more, the individuals on the team have more ownership. So that's not something sexy or flashy that I think your question was getting to. So I'll say something else that has been helpful would be doing Facebook ads for getting new accredited investor leads.   at scale. That's the best way that we found to get credit investor leads at scale is through Facebook ads. And we have an agency that we work with. And I just hired a director of marketing who has some really good experience and he's overseeing them and the marketing team. And then   Another thing that has been helpful that where I'd say just scratching the surface I'm a big proponent of AI and how I believe We are in the middle of a major change for our society with because of AI I think it is just as major of a change as it as it as when we all got internet in our homes   Joe Fairless (22:51.602) on a personal computer. I think it's that big to have access to, just think about phone books to Googling something on your computer. So with AI we've incorporated it and are incorporating as much as possible in one aspect to address your question about how we're doing things differently. One aspect.   is that on our investor calls, our prospective investor calls, we record them. They know it's being recorded and on a recorded line. We have an AI service that then takes the information from the call and grades the call. But then not only that is we look at, those investors, which ones of those investors invest?   What did we say? What did they say on those calls? What are some common commonalities? Which ones didn't invest? What did they say? What did we say? And starting to identify trends and words and topics to talk about and to address on the calls to increase the conversion rate.   Seth Bradley, Esq. (24:07.048) That's great, man. I love it. You kind of went full circle there. You've got EOS, which I'm a huge proponent of. We use that across the various companies that I have, some form or another. There's got to be a framework of organization and accountability and being able to look back and say, hey, we've had this problem before and here's how we solved it before. Or hey, this problem is still occurring from last week's L10 meeting. What do we need to do to improve it? How do we solve that issue?   Joe Fairless (24:33.166) Mm-hmm.   Seth Bradley, Esq. (24:36.712) How do we keep moving forward rather than, what did we talk about last week or what did we talk about last month? You've got to have a way to organize things and a way to solve issues organizationally, especially as you grow. So EOS, huge proponent of it, man. I mean, it's awesome. Like you have to have some form of it, even if it's not to a T with the book, Traction is where that comes from. You have to implement some form of organization and framework for your company. And then like you said,   Joe Fairless (24:41.389) Yeah.   Joe Fairless (24:56.575) Mm-hmm.   Seth Bradley, Esq. (25:03.284) you know, with AI, everyone has to stay on the forefront of what's going on right now. I know I was even a little resistant myself. was like, chat GPT, is that? Eh, you know, and put it off for a little bit. And then once you start using that, along with all the other things as well, I'm just using that as kind of a baseline, but just learning how to use chat GPT in your everyday life, it's just a game changer. Because now your whole thought process changes. It's not like,   Joe Fairless (25:08.547) Yep.   Joe Fairless (25:20.14) Mm-hmm.   Seth Bradley, Esq. (25:31.22) I need to put together this entire article or blog post. It's like, how do I prompt it correctly to to produce this blog post or this article in my voice and then edit it through that or, you know, all these different things you figure out, like how to prompt rather than how to actually take this solution all the way from start to finish. Let that technology tell you how to do it. So it's awesome. And then Facebook ads as well.   Joe Fairless (25:45.206) Mm-hmm.   Seth Bradley, Esq. (25:58.964) you've got to really dial those things in, right? It can be a money pit, but at the same time, if you can master that, and it sounds like you hired an agency that's very industry specific, which helps out a lot. And from what I've seen, we have gems, we have a capital raising business, we have all these different things, and finding somebody that's niche to that industry is super important.   Joe Fairless (26:22.434) That's right.   Seth Bradley, Esq. (26:25.756) I'd love to go back and stay on this capital raising subject, especially for people that just started out. So like now you're doing EOS, now you're using AI, now you're using Facebook ads, do you have some capital to be able to invest in those ads? What about for somebody that's just kind of starting out? they're, you know, maybe this is their first fund to fund or, you know, their first property that they're raising capital for. Like how do they effectively launch their first   Capital Race.   Joe Fairless (26:56.59) Well, I would read the book that I wrote on syndication because I walked through the whole process of that best ever syndication book. So, but for this this relatively short conversation, I'd say first,   Seth Bradley, Esq. (27:04.404) Great book.   Joe Fairless (27:19.606) People have to make sure you have to make sure that people perceive you and you are actually a real estate expert and That because you might have you might have been if this your first one first deal then I'm assuming you came from some other industry or   If it was real estate, maybe you're a property manager, they don't know about all aspects of your expertise as it relates to real estate. you've got to, by having a thought leadership platform, you'll interview others who have that experience, you'll continue to learn, hone your skills, and then you'll also be associated with those who have those skill sets, and that will be helpful for you.   Once you do that, assuming that you are the expert and you are also perceived as the expert, then what I would do, and what I did actually on my very first one is I created a spreadsheet. And the spreadsheet had the name of the person, how I knew them, and then,   What I did is I wrote down all the different names and then how I knew them. So for example, I was on the alumni advisory board for Texas Tech. I was on a flag football team in New York. I wrote someone's name down there. On my flag football team, was working at different companies. I worked at different companies, so I wrote down different coworkers at different companies.   the key here for doing it this way is identifying the person. So then you sort them by how you know them. all the people from the flag football team would be sorted together. All the people from XYZ company would be sorted together. And then you identify the most influential person within that group. And you talk to him or her.   Joe Fairless (29:39.306) about your opportunity. And once you talk to him or her about the opportunity, and if they find it appealing or at least they want to learn more about it, then you can go to the next person in that group and you can name check. You can say, I was just talking to Seth about this and he's got some follow-up questions about it and I thought it also would make sense to talk to you about it too.   So then you come in a little warm with the group dynamic versus if you come in cold on an individual level.   Seth Bradley, Esq. (30:11.924) Mm-hmm.   Seth Bradley, Esq. (30:18.822) I like that man. That's a very, very nuanced strategy tidbit there. What I really heard was, you know, authenticity and authority, authenticity in that. Yeah, you've got to educate yourself. You've got to be a real estate expert if that's what you're raising capital for and authority. And then you've got to show people, you know, why you're the expert, why you know all these things, why they should listen to you to invest in something like this and even leveraging the authority of others with that.   that strategy where you go to this influential person and say, look, this person likes this deal too, and here's why. And then they can go to them and they kind of look to them as additional authority because they kind of look to them as that thought leader or that leader in general. So pretty great, man. Start wrapping this up, but this is kind of a nuanced question that I love to ask and ...   Because once upon a time I went to I went to med school for a little while and then I dropped out and because I just I hated it knew it wasn't for me and I'm going to law school and then got into real estate. So you know in a parallel universe tell me about a different version of you a different but likely version of you if you didn't exist as you do today because right now you know you're you're an apartment buyer you're a great marketer you're an entrepreneur.   Joe Fairless (31:38.164) I'd say I really enjoy coaching my daughter in soccer. I do not know soccer. I grew up in Texas. I played football. I played baseball. I ran track in that order. There wasn't a soccer option or maybe even a soccer ball in Texas when I was growing up. But I enjoy coaching and in an alternative universe, I would   I would do more of that because time is, it flies whenever I'm doing that.   Seth Bradley, Esq. (32:15.036) Awesome, awesome. All right, Joe, for our listeners out there, what can they find out more about you?   Joe Fairless (32:21.494) You can go to AshcroftCapital.com and if you're looking at passive investing or if you're an operator or someone who is partnering with others, then my conference is a good place to be. It's besteverconference.com. It's gonna be March 3rd and 4th in Salt Lake City this year.   I can get a discount code to your people too.   Seth Bradley, Esq. (32:52.51) Great, yeah, I'll drop that in the show notes and I'll see you there, Joe. So we'll shake hands in person. So thanks again for coming on the show. Really appreciate it and we'll catch you next time.   Joe Fairless (32:57.304) Sweet. Awesome.   Joe Fairless (33:05.518) You know what, in just a second, I'm gonna just tell you the code, that way you don't have to do any work. Whenever I do a podcast and someone says, I'll send it to you, I'm like, more work for me to do later. So, all right, here's a code. Hurry 25, it'll be 25 % off all ticket types. H-U-R-R-Y, all lowercase, and then number 25, you get 25 % off all tickets, except for the LP ticket.   Seth Bradley, Esq. (33:09.917) Okay.   Seth Bradley, Esq. (33:13.808) Yeah, I know then you gotta follow up.   Seth Bradley, Esq. (33:35.924) Let's roll right into these million dollar questions and then I'll let you go.   Seth Bradley, Esq. (33:44.884) Alright Joe, let's jump into this. So, how did you make your first million dollars?   Joe Fairless (33:52.185) Same way I made my last one so spoiler alert. It's it's selling when a deal exited so The is probably The seventh or eighth Deal I had one million dollars on one transaction, right? Like is that chunk about? Yeah, I   Seth Bradley, Esq. (33:55.56) Hahaha   Seth Bradley, Esq. (34:12.767) Really million dollars in your net worth   Seth Bradley, Esq. (34:17.96) What puts you over the edge there? How did you grow that first million?   Joe Fairless (34:21.626) I lost my first million before I ever came across it. That was on the very first deal. It would just be, it'd probably be through an exit of a deal.   Seth Bradley, Esq. (34:26.056) Ha   Seth Bradley, Esq. (34:35.614) Sure, yeah, and I'll bet it's probably similar. mean, how are you gonna, how are you planning on making your next million dollars? Same thing, the apartments, all about apartments, man. I love it, singular focus, that's where it's at. mean, riches are in the niches.   Joe Fairless (34:41.144) Same thing. Yep. The apartments. All apartments. That's right.   Yep.   Seth Bradley, Esq. (34:52.564) All right, you're clearly in the top 1 % of what you do. What is it about you that separates you from the rest of the field?   Joe Fairless (34:58.958) Mmm.   I do what I say I'm gonna do. And sadly, that separates me from a lot of people, not all people.   but that's a big focus of mine. And it's not about my, I recently read something that resonated and that was don't focus on your reputation, focus on your character. Reputation is such a vanity metric, but the character is who you are when no one's looking and being proud of who you are. And that's vital to me.   Seth Bradley, Esq. (35:37.524) Yeah, and it's not just saying what you're going to do to other people, but also with yourself, right? To yourself.   Joe Fairless (35:43.726) Mmm good point. Yeah when you're when when I'm on those runs and I can just stop Whenever I want But then I'll be I'll know I'll know I didn't go through this, you know, you know made up finish line that I had predetermined in my head and And that's that's there's there's something to be said there. I'm glad you brought that up   Seth Bradley, Esq. (36:10.644) Yeah, that's that's the key right? It's not just when somebody when it's dependent on somebody else or somebody else is watching It's you know, what do you do when nobody's watching and what do you do when it's just a promise to yourself? Do you follow through do you keep those promises things as easy as hey when you set your alarm in the morning and you wake up Do you do you get up or do you hit the snooze button? Like you made a promise to yourself the night before to wake up and get up when that alarm goes off Do you keep that promise?   Joe Fairless (36:15.415) Mm-hmm.   Joe Fairless (36:25.229) Yeah.   Seth Bradley, Esq. (36:39.12) Awesome. All right, brother. I think that should do it. I will see you. I'll see you at BC, man.   Joe Fairless (36:46.42) Awesome. I appreciate it. yeah, if anything you can do to help get to get the word out about the conference to your email list, I'd appreciate that also. All right. Thanks, Seth. All right. Bye.   Seth Bradley, Esq. (36:57.404) Absolutely. All right, brother. Talk soon. See you. Links from the Show and Guest Info and Links: Seth Bradley's Links: https://x.com/sethbradleyesq https://www.youtube.com/@sethbradleyesq www.facebook.com/sethbradleyesq https://www.threads.com/@sethbradleyesq https://www.instagram.com/sethbradleyesq/ https://www.linkedin.com/in/sethbradleyesq/ https://passiveincomeattorney.com/seth-bradley/ https://www.biggerpockets.com/users/sethbradleyesq https://medium.com/@sethbradleyesq https://www.tiktok.com/@sethbradleyesq?lang=en   Joe Fairless's Links: https://www.facebook.com/imjoefairless https://x.com/joefairless https://www.linkedin.com/in/joefairless/ https://ashcroftcapital.com/our-team/joe-fairless/ https://www.instagram.com/besteverpodcast/?hl=en

Title: Stop Chasing the Woman in the Red Dress: Multifamily Is the Smartest Move with Joe Fairless Summary: In this conversation, Joe Fairless and Seth Bradley discuss the importance of authenticity in business, the current state of the multifamily real estate market, and effective strategies for raising capital. Joe shares insights on sticking with multifamily investments despite market fluctuations, leveraging technology like AI and EOS for operational efficiency, and the significance of building authority and expertise in the field. The discussion also touches on personal reflections and aspirations, emphasizing the value of character and commitment in both business and personal life. Links to watch and subscribe:   Bullet Point Highlights: Authenticity is key in business interactions. Focus on your strengths and expertise. The multifamily market fundamentals remain strong. Utilize technology to enhance capital raising efforts. Building authority is crucial for new capital raisers. Networking through influential connections can be effective. Character is more important than reputation. Sticking to one niche can lead to greater success. Continuous learning and adaptation are essential. Coaching and mentoring can be fulfilling personal pursuits. Transcript:  Joe Fairless (00:03.629) Hey, how you doing?   Seth Bradley, Esq. (00:04.881) Alright man.   How are you? I don't know if we've actually met in person or not, but funny, I'll share the story once we start officially recording, but once upon a time when I was trying to find my place in this syndication world, had a phone call with you and it was awesome to actually get to speak with you at the time because it was just like, whoa, this is Joe Fairless, right? So it was a huge deal, so it's awesome to have you on the show.   Joe Fairless (00:34.966) You know what? I take notes of every conversation and I see it was around May of 2019. Yeah, yeah, I see that. It's awesome. Well, looking forward to every five years we should do this.   Seth Bradley, Esq. (00:43.988) There you go. There you go. Awesome, man. Awesome.   Yeah, let me...   Seth Bradley, Esq. (00:53.1) Sounds good, man. Sounds good. Sounds good. So just to give you a little bit of groundwork here. So I'm a securities attorney by trade. I've raised capital for syndications, those sorts of things. I'm currently with Tribest, I'm chief legal officer over there. So we do, put together fund to funds in a box for capital aggregators. And I'm rebranding the podcast. So once upon a time it was Passive Income Attorney. I was really focused on bringing in investors into my deals, raising capital, that sort of thing.   Now I'm rebranding this as raising the bar gonna be kind of more of a general General podcast on business and raising capital and in real estate that sort of thing. So It's gonna be more of a general audience before it was past investors This is gonna be more kind of business people active investors because I'm actively trying to bring in you know capital raisers and People like that. They're putting deals together for my law firm and for for tribe vest   Joe Fairless (01:33.998) Mm-hmm.   Joe Fairless (01:48.354) Mm-hmm.   Joe Fairless (01:51.884) Makes sense. Thanks for that context.   Seth Bradley, Esq. (01:53.544) Yeah, cool cool. So and then format wise we'll just do it'll be pretty short We're gonna do like 25 minutes 30 minutes And then we'll go into kind of these like mini segments because I want to do these mini episodes And I think I sent those over to you one is just million dollar Monday. Just kind of how you made your first million How you made your last million how you're make your next that sort of thing and then the next one is the the 1 % segment which is kind of you know, how did you become basically?   Joe Fairless (02:00.504) Sweet.   Joe Fairless (02:15.47) Mm-hmm.   Seth Bradley, Esq. (02:21.364) 1 % like the best top 1 % in what you do and that sort of thing and just kind of giving actionable steps to the listeners about how they can get there too.   Joe Fairless (02:25.442) Mm-hmm.   Joe Fairless (02:30.314) Awesome. Sounds good. Sounds like fun.   Seth Bradley, Esq. (02:32.98) Cool. All right, man. Well, we're already recording, so I'll just kind of jump into it and then we'll make the, I'll make the cuts later. cool. Welcome to Raise the Bar with me, your host, Seth Bradley, where we have elevated conversations on raising capital, real estate, and entrepreneurship. Today, we have an incredible guest, Joe Fairless. If you've been living under a rock, then maybe you haven't heard of Joe, but everybody in my industry knows Joe as an industry leader, a thought leader.   real estate entrepreneur, extraordinaire, marketer, master marketer, all of the above. So Joe, welcome to the show.   Joe Fairless (03:10.36) Looking forward to our conversation, Seth.   Seth Bradley, Esq. (03:12.884) for sure man. So, you know, I like this question because it's kind of unusual and I have a hard time answering it and you might too, but we'll see. you know, when a stranger asks you what you do and it just comes up to you maybe at a conference or on the streets, what do you say?   Joe Fairless (03:28.398) I'd I buy apartment buildings.   Seth Bradley, Esq. (03:30.546) I love it. Keeping it simple, man. I guess that was an easier answer than I anticipated.   Joe Fairless (03:35.182) Well, yeah, I've been to in my early days I went to seminars and they have much longer more thought-provoking responses like, know, I help high income earners create passive income or something along those lines, but I keep it simple. I buy apartment buildings and then, you know,   let the conversation go where it naturally would go.   Seth Bradley, Esq. (04:06.366) I love that man. Yeah, and you know, to be honest, know, that response that you just mentioned is a little bit played out. Don't you think? I feel like if you're on LinkedIn or if you're on, you know, conferences, everybody's like, yeah, I raised capital from passive investors so I can help them do this and do that. Do you think that's a little bit played out? Do you think that people need to kind of change that marketing strategy at this point?   Joe Fairless (04:25.697) Well...   I think you should just be authentic. think just go with what feels right for you and what you'll enjoy talking about. Just go with what feels right for you. That's what I do. I am not a salesy person.   I feel uncomfortable if I'm trying to sell someone something. I believe in what I do, but I feel uncomfortable if I'm trying to force it. And so if I'm like, I was just at a dad-daughter dance this past Sunday and we met up with some couples that I didn't know any of them. was just couples that, you know, my daughter...   goes to their parents of the kids who go to school with my daughter. And so I was talking to one of the dads and he said, what do you do? I I buy apartment buildings. And he said, that's interesting. Then we started talking about what I do because he was naturally interested. And I enjoy that much more than trying to intentionally bait a hook. I'd just rather just have a conversation.   Seth Bradley, Esq. (05:40.03) Yeah.   Seth Bradley, Esq. (05:43.57) Yeah, yeah, I think that's the key, right? Especially in today's world where everything's online and you just get marketed to and advertised to all the time. You've got to be authentic and you need to have an elevator pitch, it's got to be authentic. It's got to be really who you are. And it can't be sales because people are so sensitive to that nowadays, whether you're raising capital or whether you're W2 doing your job. And we're all salespeople to a certain extent, whatever we do.   But people are very sensitive to that. So you've got to really focus on being authentic and coming from a place of genuineness.   Joe Fairless (06:20.91) Nobody in the world can do you like you do you. You've got a unique strand of DNA that no one else can be the Seth Bradley that you are, the Joe Farrells that I am, because it's impossible. It's impossible. There is no one like you. There is no one like me.   And it's just the more magnetic, the more genuine and true to who I am, the more magnetic I feel like I become because people enjoy authenticity and it's just the right way to play it, right way to do it.   Seth Bradley, Esq. (07:01.684) Totally, totally, totally. For our audience, just tell us what you're doing nowadays. mean, there's been kind of some changes in the market with the interest rates going up, those sorts of things, maybe starting towards the end of 2022. I know for myself, I was in the capital raising game for a number of years and then I kind of slowed down there towards the end of 2022, beginning of 2023, just to kind of see what the market was gonna do, just to see if we could still get some really good deals going, see if some of the other deals were going bad.   you know, what, what are you up to nowadays? Like what's your focus? right now.   Joe Fairless (07:36.77) The focus has been and always will be on our current portfolio and the deals that we have and operating those deals the best that we can and continuing to improve the NOI. So that is the focus.   There we have some deals that have floating rates with rate caps and the focus is to figure out how not to have floating rate with rate caps that you have to continue to renew once they expire. So that comes with refinancing and in order to refinance and sometimes you have to do a capital call or if you don't do a capital call you gotta bring in equity in some form or fashion to refinance.   some cases, it just depends on the deal. So the focus is on the portfolio and always will be. And then the secondary thing that we look at is acquisitions. How do we capitalize on the market that we're at right now? mean, the best way to describe it that I've read is it's stagnant. You know, it's just...   Not sure. The water, there's stuff growing in the water, but not sure if you really want to be part of what's growing in the water right now. Like it's just, it's stagnant and what will, but we also know what is coming.   Seth Bradley, Esq. (09:00.486) Yeah.   Joe Fairless (09:12.264) and that is the supply demand shift in multifamilies favor depends on the sub market and the market obviously. But generally the Sun Belt is going to greatly benefit in the next year, year and a half, in some cases six months from now.   with the supply-demand dynamic with new supply drying up and increasing the demand for the existing supply. Again, depends on the market, depends on the sub-market. So how do we capitalize on that? is there any way to be opportunistic with what's happening with some deals from other operators that   didn't work out. know, there haven't been a lot of foreclosures, but there have been some. And we have relationships with our lenders that are pretty strong. And in fact, one, a large lender that we have a really good relationship with, that we have properties with, they foreclosed on someone else's deal. And I won't name names on who they foreclosed on, but they foreclosed on someone else's deal and they came to us   Afterward and said hey here here. Here's a here's an opportunity. It's in a great area of Fort Worth and I'm from Fort Worth so I know we have a lot of property there too, but I know the market also I grew up there and We'll give you this special financing of around 3 % or so interest rate fixed interest rate   for year one and then it's fixed through the whole period of the loan but then the interest rate steps up to around four, four and a half percent over the five years. So to get that type of essentially seller financing but it's lender financing direct from the lender lending institution that foreclosed on the deal in a very good area of Fort Worth.   Joe Fairless (11:29.326) There are opportunities out there also. So it's how do we become opportunistic and find these deals. And so we're in the process of closing on that deal or doing due diligence on that deal. We're under contract and we're scheduled to close in about a month and a half from now.   Seth Bradley, Esq. (11:49.316) Awesome, awesome. Have you found it difficult at any point in time, kind of over these last couple years where the market has slowed down?   Joe Fairless (11:56.654) Whatever you're gonna say, yes. So finish your question, but the answer is yes. Yes, I found it difficult over the last couple years, but what exactly are you asking about that's difficult?   Seth Bradley, Esq. (11:59.732) Yeah. Sure. Specifically, should say sticking with multifamily because you are a multifamily guy and you you've seen you've seen where everyone, you know, everybody wanted that on that multifamily train for, you know, a decade, if not longer.   Joe Fairless (12:15.598) Mmm. Man.   Seth Bradley, Esq. (12:23.696) And now you've seen a lot of these same people change their tune and say, okay, well, you know what? Let's pivot to something else. Let's pivot to car washes or private credit funds or all these other things.   Joe Fairless (12:29.998) Man, I'm actually, I know you're an attorney, but can I strike my yes actually from that question? Cause no, actually the answer is no. I haven't found it difficult to stick with multifamily. Hell no. No. You know, you go to a restaurant at a diner and they offer lasagna, California roll and what else?   Seth Bradley, Esq. (12:41.16) Hahaha   Seth Bradley, Esq. (12:49.107) Ha ha.   Seth Bradley, Esq. (13:01.204) Ha   Joe Fairless (13:01.356) Pad Thai, you know, are they gonna have the best lasagna, California roll, and pad thai? No, no. They've got something for everyone, but they're not gonna be great at any of it. I'd rather go to an Italian restaurant that makes their own noodles, right? Makes their own pasta. And where they specialize in one thing.   Not at all. No, we I believe in the fundamentals of multifamily. I believe in the supply demand that is here. I mean we had a record number of supply across the board and multifamily and the occupancy maintained 90-91 percent depending on the market but it maintained in the 90s in a record number of supply and by the way at the same time you got   the capital markets raising interest rates the way they did. And a lot of people have been able to hold serve. And the fundamentals of the supply demand and how much...   how many renters there are out there and how that will continue is there. That's cold hard facts. There is demand, a lot of demand, and there will continue to be even more demand because the supply is trailing off. We have never looked.   outside of multifamily because it's so strong. I think that is a cultural thing actually because if you, anyone who's in the sports, college sports, they'll know about the NIL and   Joe Fairless (14:54.784) how you can bounce from one team to another year after year. And so you'll find some people who aren't starting and if they put in the work then, and I'm for NIL, I think players should be paid, but I don't think that they, I don't think they should, I don't think it serves them as young men and young women.   mostly young men in this case who are bouncing from place to place, to not compete and not work for a starting position and instead just go somewhere else the path of least resistance. That's not how you build character. There's a really good book, it's called The Road to Character.   and they talk about in the book, they give different examples of people throughout history. And they're not exceptional, like saintly people. They're people who are normal people, but what they did that is atypical for what our culture does now is they stuck with things even when it was tough.   Seth Bradley, Esq. (16:09.682) Mm-hmm.   Joe Fairless (16:09.998) and instead of bouncing from thing to thing because what happens is when you bounce from thing to thing you don't get an expertise you don't get the the depth of knowledge the scars that that you need in order to be truly exceptional at that one thing and it's just surface level   And it'd be like if you feed your kids candy for every meal. I mean, it's same thing. You can't live on mental candy, right? You gotta have some substance. You gotta go through things.   Seth Bradley, Esq. (16:43.06) Yeah, I love that man. I love that metaphor. I love that. Like you've got to get reps, whether the times are great or an easy or whether they're hard. And those hard reps are the ones that are really going to set you up for success down the line. Like if you're able to execute in the hard times, then when times turn good again, you're going to be at the top, right? You're going to be cream of the crop. What do you, what do you think it is about you and maybe your company that's enabled you to do that, to stick?   to multifamily and not say, ooh, you know what, I'm a really good marketer so I can raise capital for anything if I really want to, right? You're in that position and what is it about you and your company that's been able to allow you to stick to multifamily and just stick to it during these hard times?   Joe Fairless (17:32.762) the fundamentals are there. I mean, you could make an argument that if we were office investors, and I have some friends who are really keen on investing in office now and in the future, but you could very easily make an argument that with the amount of office space that people have currently, you don't need as much of that space.   It's not a five, you know, three to five to seven year play. Maybe it's a 20 to 50 year play. I don't know. Who the hell knows what's going to happen with office and working from home and AI and automation and all that. But with multifamily, the challenge is capital markets. Now there are some other aspects like the hyper supply, which has tapered off.   because of the higher interest rates increase in you know insurance which has tapered off back to the single digits by and large but that that was a big thing property taxes depending on where you're at but the fundamentals are there people are renting and consumers for yeah unfortunately for generally you know for the general consumer their credit card debt   is going up. They're still paying off their credit card debt from purchases almost 12 months ago. More than half of people are paying off purchases for more than 12 months ago. that's so right now they've been out earning their income because income has been increasing. But what happens if that income stops increasing the way it has been?   the debt's not going anywhere, especially credit card debt, and that's certainly not going to make more first-time home buyers that dynamic. So the fundamentals are there, and not to mention we already have a housing shortage deficit, major deficit.   Seth Bradley, Esq. (19:50.866) Yeah, so it's the belief and it's the knowledge like it's the education like you you know that the fundamentals are there you you're you're basing your resilience in the market to What you're seeing in the data like hey, it's you know We we believe in this asset type because of the data that i'm Well educated and well versed in   Joe Fairless (20:09.752) Mm-hmm.   Joe Fairless (20:14.346) Absolutely.   Seth Bradley, Esq. (20:16.168) That's incredible. That's incredible. Has anything changed in the way that you potentially because you've got a deal that might be going through in the way that you either have raised capital recently or how you are going to raise capital for your next deal as compared to when it might have been a little bit easier, let's say five years ago from passive investors?   Joe Fairless (20:38.612) Yes, we have implemented a system that I'm sure a lot of your listeners have heard of EOS, Entrepreneur Operating System, and that has been very helpful. We just did our focus day a month ago, but we've hit the ground running and we have our, I think, Vision Day part one later this month and Vision Day two.   next month and that has allowed ownership among the team members to really thrive because team members are responsible for rocks or their goals but if you say goals instead of rock they'll the EOS person will slap your hand so I'll continue to say rock so they're responsible for rocks and it's just   It takes more, the individuals on the team have more ownership. So that's not something sexy or flashy that I think your question was getting to. So I'll say something else that has been helpful would be doing Facebook ads for getting new accredited investor leads.   at scale. That's the best way that we found to get credit investor leads at scale is through Facebook ads. And we have an agency that we work with. And I just hired a director of marketing who has some really good experience and he's overseeing them and the marketing team. And then   Another thing that has been helpful that where I'd say just scratching the surface I'm a big proponent of AI and how I believe We are in the middle of a major change for our society with because of AI I think it is just as major of a change as it as it as when we all got internet in our homes   Joe Fairless (22:51.602) on a personal computer. I think it's that big to have access to, just think about phone books to Googling something on your computer. So with AI we've incorporated it and are incorporating as much as possible in one aspect to address your question about how we're doing things differently. One aspect.   is that on our investor calls, our prospective investor calls, we record them. They know it's being recorded and on a recorded line. We have an AI service that then takes the information from the call and grades the call. But then not only that is we look at, those investors, which ones of those investors invest?   What did we say? What did they say on those calls? What are some common commonalities? Which ones didn't invest? What did they say? What did we say? And starting to identify trends and words and topics to talk about and to address on the calls to increase the conversion rate.   Seth Bradley, Esq. (24:07.048) That's great, man. I love it. You kind of went full circle there. You've got EOS, which I'm a huge proponent of. We use that across the various companies that I have, some form or another. There's got to be a framework of organization and accountability and being able to look back and say, hey, we've had this problem before and here's how we solved it before. Or hey, this problem is still occurring from last week's L10 meeting. What do we need to do to improve it? How do we solve that issue?   Joe Fairless (24:33.166) Mm-hmm.   Seth Bradley, Esq. (24:36.712) How do we keep moving forward rather than, what did we talk about last week or what did we talk about last month? You've got to have a way to organize things and a way to solve issues organizationally, especially as you grow. So EOS, huge proponent of it, man. I mean, it's awesome. Like you have to have some form of it, even if it's not to a T with the book, Traction is where that comes from. You have to implement some form of organization and framework for your company. And then like you said,   Joe Fairless (24:41.389) Yeah.   Joe Fairless (24:56.575) Mm-hmm.   Seth Bradley, Esq. (25:03.284) you know, with AI, everyone has to stay on the forefront of what's going on right now. I know I was even a little resistant myself. was like, chat GPT, is that? Eh, you know, and put it off for a little bit. And then once you start using that, along with all the other things as well, I'm just using that as kind of a baseline, but just learning how to use chat GPT in your everyday life, it's just a game changer. Because now your whole thought process changes. It's not like,   Joe Fairless (25:08.547) Yep.   Joe Fairless (25:20.14) Mm-hmm.   Seth Bradley, Esq. (25:31.22) I need to put together this entire article or blog post. It's like, how do I prompt it correctly to to produce this blog post or this article in my voice and then edit it through that or, you know, all these different things you figure out, like how to prompt rather than how to actually take this solution all the way from start to finish. Let that technology tell you how to do it. So it's awesome. And then Facebook ads as well.   Joe Fairless (25:45.206) Mm-hmm.   Seth Bradley, Esq. (25:58.964) you've got to really dial those things in, right? It can be a money pit, but at the same time, if you can master that, and it sounds like you hired an agency that's very industry specific, which helps out a lot. And from what I've seen, we have gems, we have a capital raising business, we have all these different things, and finding somebody that's niche to that industry is super important.   Joe Fairless (26:22.434) That's right.   Seth Bradley, Esq. (26:25.756) I'd love to go back and stay on this capital raising subject, especially for people that just started out. So like now you're doing EOS, now you're using AI, now you're using Facebook ads, do you have some capital to be able to invest in those ads? What about for somebody that's just kind of starting out? they're, you know, maybe this is their first fund to fund or, you know, their first property that they're raising capital for. Like how do they effectively launch their first   Capital Race.   Joe Fairless (26:56.59) Well, I would read the book that I wrote on syndication because I walked through the whole process of that best ever syndication book. So, but for this this relatively short conversation, I'd say first,   Seth Bradley, Esq. (27:04.404) Great book.   Joe Fairless (27:19.606) People have to make sure you have to make sure that people perceive you and you are actually a real estate expert and That because you might have you might have been if this your first one first deal then I'm assuming you came from some other industry or   If it was real estate, maybe you're a property manager, they don't know about all aspects of your expertise as it relates to real estate. you've got to, by having a thought leadership platform, you'll interview others who have that experience, you'll continue to learn, hone your skills, and then you'll also be associated with those who have those skill sets, and that will be helpful for you.   Once you do that, assuming that you are the expert and you are also perceived as the expert, then what I would do, and what I did actually on my very first one is I created a spreadsheet. And the spreadsheet had the name of the person, how I knew them, and then,   What I did is I wrote down all the different names and then how I knew them. So for example, I was on the alumni advisory board for Texas Tech. I was on a flag football team in New York. I wrote someone's name down there. On my flag football team, was working at different companies. I worked at different companies, so I wrote down different coworkers at different companies.   the key here for doing it this way is identifying the person. So then you sort them by how you know them. all the people from the flag football team would be sorted together. All the people from XYZ company would be sorted together. And then you identify the most influential person within that group. And you talk to him or her.   Joe Fairless (29:39.306) about your opportunity. And once you talk to him or her about the opportunity, and if they find it appealing or at least they want to learn more about it, then you can go to the next person in that group and you can name check. You can say, I was just talking to Seth about this and he's got some follow-up questions about it and I thought it also would make sense to talk to you about it too.   So then you come in a little warm with the group dynamic versus if you come in cold on an individual level.   Seth Bradley, Esq. (30:11.924) Mm-hmm.   Seth Bradley, Esq. (30:18.822) I like that man. That's a very, very nuanced strategy tidbit there. What I really heard was, you know, authenticity and authority, authenticity in that. Yeah, you've got to educate yourself. You've got to be a real estate expert if that's what you're raising capital for and authority. And then you've got to show people, you know, why you're the expert, why you know all these things, why they should listen to you to invest in something like this and even leveraging the authority of others with that.   that strategy where you go to this influential person and say, look, this person likes this deal too, and here's why. And then they can go to them and they kind of look to them as additional authority because they kind of look to them as that thought leader or that leader in general. So pretty great, man. Start wrapping this up, but this is kind of a nuanced question that I love to ask and ...   Because once upon a time I went to I went to med school for a little while and then I dropped out and because I just I hated it knew it wasn't for me and I'm going to law school and then got into real estate. So you know in a parallel universe tell me about a different version of you a different but likely version of you if you didn't exist as you do today because right now you know you're you're an apartment buyer you're a great marketer you're an entrepreneur.   Joe Fairless (31:38.164) I'd say I really enjoy coaching my daughter in soccer. I do not know soccer. I grew up in Texas. I played football. I played baseball. I ran track in that order. There wasn't a soccer option or maybe even a soccer ball in Texas when I was growing up. But I enjoy coaching and in an alternative universe, I would   I would do more of that because time is, it flies whenever I'm doing that.   Seth Bradley, Esq. (32:15.036) Awesome, awesome. All right, Joe, for our listeners out there, what can they find out more about you?   Joe Fairless (32:21.494) You can go to AshcroftCapital.com and if you're looking at passive investing or if you're an operator or someone who is partnering with others, then my conference is a good place to be. It's besteverconference.com. It's gonna be March 3rd and 4th in Salt Lake City this year.   I can get a discount code to your people too.   Seth Bradley, Esq. (32:52.51) Great, yeah, I'll drop that in the show notes and I'll see you there, Joe. So we'll shake hands in person. So thanks again for coming on the show. Really appreciate it and we'll catch you next time.   Joe Fairless (32:57.304) Sweet. Awesome.   Joe Fairless (33:05.518) You know what, in just a second, I'm gonna just tell you the code, that way you don't have to do any work. Whenever I do a podcast and someone says, I'll send it to you, I'm like, more work for me to do later. So, all right, here's a code. Hurry 25, it'll be 25 % off all ticket types. H-U-R-R-Y, all lowercase, and then number 25, you get 25 % off all tickets, except for the LP ticket.   Seth Bradley, Esq. (33:09.917) Okay.   Seth Bradley, Esq. (33:13.808) Yeah, I know then you gotta follow up.   Seth Bradley, Esq. (33:35.924) Let's roll right into these million dollar questions and then I'll let you go.   Seth Bradley, Esq. (33:44.884) Alright Joe, let's jump into this. So, how did you make your first million dollars?   Joe Fairless (33:52.185) Same way I made my last one so spoiler alert. It's it's selling when a deal exited so The is probably The seventh or eighth Deal I had one million dollars on one transaction, right? Like is that chunk about? Yeah, I   Seth Bradley, Esq. (33:55.56) Hahaha   Seth Bradley, Esq. (34:12.767) Really million dollars in your net worth   Seth Bradley, Esq. (34:17.96) What puts you over the edge there? How did you grow that first million?   Joe Fairless (34:21.626) I lost my first million before I ever came across it. That was on the very first deal. It would just be, it'd probably be through an exit of a deal.   Seth Bradley, Esq. (34:26.056) Ha   Seth Bradley, Esq. (34:35.614) Sure, yeah, and I'll bet it's probably similar. mean, how are you gonna, how are you planning on making your next million dollars? Same thing, the apartments, all about apartments, man. I love it, singular focus, that's where it's at. mean, riches are in the niches.   Joe Fairless (34:41.144) Same thing. Yep. The apartments. All apartments. That's right.   Yep.   Seth Bradley, Esq. (34:52.564) All right, you're clearly in the top 1 % of what you do. What is it about you that separates you from the rest of the field?   Joe Fairless (34:58.958) Mmm.   I do what I say I'm gonna do. And sadly, that separates me from a lot of people, not all people.   but that's a big focus of mine. And it's not about my, I recently read something that resonated and that was don't focus on your reputation, focus on your character. Reputation is such a vanity metric, but the character is who you are when no one's looking and being proud of who you are. And that's vital to me.   Seth Bradley, Esq. (35:37.524) Yeah, and it's not just saying what you're going to do to other people, but also with yourself, right? To yourself.   Joe Fairless (35:43.726) Mmm good point. Yeah when you're when when I'm on those runs and I can just stop Whenever I want But then I'll be I'll know I'll know I didn't go through this, you know, you know made up finish line that I had predetermined in my head and And that's that's there's there's something to be said there. I'm glad you brought that up   Seth Bradley, Esq. (36:10.644) Yeah, that's that's the key right? It's not just when somebody when it's dependent on somebody else or somebody else is watching It's you know, what do you do when nobody's watching and what do you do when it's just a promise to yourself? Do you follow through do you keep those promises things as easy as hey when you set your alarm in the morning and you wake up Do you do you get up or do you hit the snooze button? Like you made a promise to yourself the night before to wake up and get up when that alarm goes off Do you keep that promise?   Joe Fairless (36:15.415) Mm-hmm.   Joe Fairless (36:25.229) Yeah.   Seth Bradley, Esq. (36:39.12) Awesome. All right, brother. I think that should do it. I will see you. I'll see you at BC, man.   Joe Fairless (36:46.42) Awesome. I appreciate it. yeah, if anything you can do to help get to get the word out about the conference to your email list, I'd appreciate that also. All right. Thanks, Seth. All right. Bye.   Seth Bradley, Esq. (36:57.404) Absolutely. All right, brother. Talk soon. See you. Links from the Show and Guest Info and Links: Seth Bradley's Links: https://x.com/sethbradleyesq https://www.youtube.com/@sethbradleyesq www.facebook.com/sethbradleyesq https://www.threads.com/@sethbradleyesq https://www.instagram.com/sethbradleyesq/ https://www.linkedin.com/in/sethbradleyesq/ https://passiveincomeattorney.com/seth-bradley/ https://www.biggerpockets.com/users/sethbradleyesq https://medium.com/@sethbradleyesq https://www.tiktok.com/@sethbradleyesq?lang=en   Joe Fairless's Links: https://www.facebook.com/imjoefairless https://x.com/joefairless https://www.linkedin.com/in/joefairless/ https://ashcroftcapital.com/our-team/joe-fairless/ https://www.instagram.com/besteverpodcast/?hl=en

Viitorul ne surprinde mereu, o ia în direcții nebănuite. Astăzi ne vom apleca asupra universului « AI vision ». Pe scurt, cum folosești AI-ul ca să vezi mai bine sau să vezi ceea ce nu se vede la prima vedere? Am invitat la « Noi venim din viitor » o companie din Iași care se ocupă cu așa ceva: AirisVision. Este vorba de o platformă care se folosește de AI pentru a procesa datele culese cu camere de securitate. Poate identifica sute de categorii de obiecte și acțiuni, cum ar fi recunoașterea optică a feței umane, arme, violențe, numere de înmatriculare, foc în locuri sensibile etc... Are de asemenea capacitatea de a blura fețele umane pentru respectarea intimității și multe altele. Îl avem astăzi cu noi pe Bogdan Grumezescu, CEO al companiei AirisVision, și vom explora împreună ce ne poate oferi AI-ul în universul securității fizice. Mai multe despre el și proiectele lui puteți afla la adresa: airisvision.com

Come ogni lunedì le Donne al Volante sono entrate nella redazione del mensile Focus. Nella serata del 14 luglio 2025, Liliana Russo e Agnese Spinelli hanno approfondito una questione discriminatoria della medicina. Lo hanno fatto insieme alla giornalista Margherita Fronte, autrice di un articolo intitiolato Se la medicina dimentica le donne. Sappiamo che il sesso di appartenenza influenza profondamente la nostra salute, ma le femmine usano farmaci sperimentati perlopiù sui maschi. «Quasi tutte le sperimentazioni dei farmaci avvengono su uomini e storicamente sono state condotte in alcuni casi proprio esclusivamente sugli uomini. Questo sebbene la fisiologia maschile e femminile siano diverse e quindi le malattie si presentano in modo diverso. Anche l'efficacia dei farmaci è diversa. Noi donne usiamo quindi dei farmaci che non sono stati pensati per noi». Fronte ha spiegato che le donne sono più difficili da studiare e che qualche passo avanti è stato fatto. Tuttaviua il cambio di rotta è ancora molto lento. 

TESTO DELL'ARTICOLO ➜ https://www.bastabugie.it/8206OMELIA XVI DOMENICA T. ORD. - ANNO C (Lc 10,38-42) di Giacomo Biffi L'episodio raccontatoci dalla pagina di Luca, che abbiamo ascoltato, è tra i più suggestivi di tutta la narrazione evangelica.Ha un'ambientazione, per così dire, casalinga. Siamo a Betania, la località che il viaggiatore proveniente dal deserto di Giuda incontra poco prima di arrivare a Gerusalemme. Gesù, che ha percorso proprio quel cammino spossante, ha colto con gioia la possibilità di riposarsi un po' in una dimora accogliente, prima di affrontare ancora una volta il tumulto della capitale e le fatiche della sua missione.E con gioia e cordialità è stato ospitato da Marta, una massaia solerte, che viveva con una sorella minore di nome Maria. Qui non compare, ma dal Vangelo di Giovanni sappiamo che lì vicino abitava anche un fratello di nome Lazzaro: tutti e tre i fratelli erano legati al Maestro di Nazaret da una solida e devota amicizia.Con l'incarnazione, il Figlio di Dio si è fatto un uomo vero e completo: ha un cuore capace di affetto, e niente di ciò che è autenticamente e positivamente umano gli è estraneo. Quello dell'amicizia è appunto uno dei valori dell'esistenza che egli ha voluto sperimentare.Noi siamo commossi di fronte al Creatore dell'universo - colui che infinitamente trascende tutti gli esseri che prendono vita da lui - che assume questi vincoli di familiarità e di benevola comunione con le sue creature.L'amicizia - dicevano già gli antichi - o nasce tra uguali o rende uguali coloro che entrano nel suo gioco e nella sua logica: nella figura di un Dio che si fa nostro amico è implicitamente annunciato e fondato il nostro destino di partecipi della divina natura (2 Pt 1,3), per usare le coraggiose parole della seconda Lettera di Pietro.Ma è incantevole anche la scena dell'Unigenito del Padre che per cercarci si è fatto viandante e ha per corso le accaldate e polverose strade di Palestina, nella speranza di essere ospitato, ristorato, consolato da noi. Non solo dunque con l'amicizia si è a noi assimilato, ma addirittura ha voluto farsi bisognoso di noi.GESÙ CHIEDE DI ESSERE OSPITATO NEL NOSTRO CUOREIo sto alla porta e busso (cf. Ap 3,20), egli dice a ciascuno di noi. Ci prega, cioè, di fargli un po' di posto nella nostra esistenza, di dargli un po' del nostro tempo, di prestargli un po' della nostra attenzione. Di fronte a questa condiscendenza di colui che è l'Asso luto e l'Incondizionato, sembra incredibile che ci siano cristiani che non sappiano trovare quotidianamente qualche minuto per lui e non sappiano donar gli neppure un'ora del giorno che è suo (e perciò si chiama "domenica").Sembra incredibile - deve dire ciascuno di noi - che io sia così lento e anzi restio a spalancargli il mio cuore, per godere della fortuna insperata di un'intimità con lui, fortuna che ci è stata formalmente promessa: Se qualcuno ascolta la mia voce e mi apre la porta, io verrò da lui, e a tu per tu noi ceneremo insieme (ibid.).Non solo dunque un ospite vuol essere Gesù, ma addirittura un mendicante sulla soglia della nostra casa: un mendicante che chiede solo un po' d'amore. Non vuole le nostre cose, vuole noi: vuole i nostri pensieri, i nostri sentimenti, la totalità di quello che siamo.È però un insolito mendicante: più che ricevere, dona; più che farsi aiutare, arricchisce; più che essere accettato, ci accetta e ci innesta nella sua stessa realtà. Ci conviene quindi affrettarci ad aprirgli, perché - dice sant'Ambrogio - «Tutto abbiamo in Cristo. Ogni anima gli si avvicini. O che sia malata per i peccati del corpo o come inchiodata dai desideri monda ni oppure ancora imperfetta, ma sulla via della perfezione grazie all'assidua meditazione..., ogni anima è in potere del Signore, e Cristo è tutto per noi. Se vuoi curare una ferita, egli è medico; se sei riarso dalla febbre, è fontana; se sei oppresso dall'iniquità, è giusti zia; se hai bisogno di aiuto, è forza; se temi la morte, è vita; se desideri il cielo, è via; se fuggi le tenebre, è luce; se cerchi cibo, è alimento. Dunque "gustate e vedete quanto è buono il Signore; beato l'uomo che in lui si rifugia"» (De virginitate 99).LE PREOCCUPAZIONI TERRENE NON DEVONO SOFFOCARE LA NOSTRA TENSIONE VERSO LA VERITÀDue immagini di donna ci sono offerte come modello di questo riconoscimento della totalità di Cristo e della perfetta adesione a lui.Maria appare come colei che più intimamente è affascinata dalla bellezza di questo mistero: il mistero di un Dio che si fa pellegrino, ospite, amico; un mistero che verosimilmente lo stesso Gesù le sta a poco a poco rivelando con voce ammaliante, mentre lei è seduta ai suoi piedi, dimentica di ogni altra incombenza.Marta ci insegna che bisogna anche darci da fare perché il Signore sia degnamente ospitato; diventi cioè una presenza efficace non solo nel segreto della nostra coscienza, ma anche nell'umanità in cui viviamo.Non viene rimproverata per il suo lavoro, senza del quale quella sera Gesù non avrebbe neppur cenato; piuttosto viene illuminata perché le molte preoccupazioni terrene non arrivino a far dimenticare il senso ultimo e la ragione vera di ciò che si compie. E viene anche dolcemente corretta perché non sia tentata di disistimare la tensione verso la contemplazione della verità salvifica e della sapienza eterna: Maria si è scelta la parte migliore che non le sarà tolta (Lc 10,42).«Preoccupiamoci anche noi - dice ancora sant'Ambrogio - di possedere ciò che nessuno ci possa togliere, prestando un ascolto non superficiale, ma diligente; infatti perfino i semi della parola celeste sono anch'essi portati via, se vengono gettati lungo la strada.Ti sospinga, come Maria, il desiderio della sapienza: questa infatti è l'opera più grande, questa è l'opera più perfetta; e la sollecitudine per il ministero non ti distolga dal conoscere la parola celeste. Non criticare quindi e non pensare che perdano il tempo coloro che vedi dedicarsi alla sapienza» (In Lucam VII,85). In fondo, l'esortazione più immediata e decisiva che ci viene da questa pagina, è il richiamo a un principio che Gesù ha chiaramente proposto, ma che noi siamo spesso nel nostro comportamento inclini a dimenticare: Cercate prima il Regno di Dio e la sua giustizia, e tutte le altre cose vi saranno date in aggiunta (Mt 6,33).Nel Regno di Dio, cioè nella vita senza fine - nota sant'Agostino - non ci sarà più la fatica dell'essere immersi nella molteplicità logorante delle cose e dei problemi; ci sarà invece per sempre l'unificazione di tutte le cose nella carità: «Transit labor multitudinis et remanet caritas unitatis».Il Signore ci conceda di anticipare già adesso questa felice semplificazione del nostro spirito e della sua attività; di non disperderci nelle molte sollecitudini e nelle molte attrattive che passano e deludono; di indirizzare ogni nostra interiore facoltà al pensiero e alla speranza del Regno di Dio.

Ginevra Bompiani, Luciana Castellina"Il femminismo della mia vicina"Manni Editoriwww.mannieditori.itCi sono molti punti in comune tra il colonialismo e il patriarcato. Noi donne siamo state colonizzate e quindi dobbiamo liberarci. Il colonialismo non è solo oppressione materiale, ma anche snaturamento della nostra stessa identità. E, anzi, il nostro non riconoscerci come donne è stata un'oppressione più dura di quella materiale.Luciana Castellina Bisogna tornare molto indietro o andare molto avanti per individuare la vera differenza fra l'uomo e la donna; quella che non costringe e non umilia nessuno dei due. Ma per prima cosa, bisogna abolire il potere che l'uomo si sente in diritto di esercitare sulla donna.Ginevra BompianiLuciana Castellina e Ginevra Bompiani, grandi amiche, grandi personalità, si raccontano come donne e come femministe, tracciano un bilancio e fanno progetti.Ripercorrono la propria vicenda a partire dall'infanzia, fino al rapporto con l'altro sesso e alla maternità; la formazione femminista, Bompiani nel gruppo Rivolta Femminile e Castellina nel Pci e nell'Udi; e ragionano sul femminismo storico e su quello contemporaneo, sul dibattito attuale e sulle principali battaglie: dalla legislazione al Me too, dal concetto di identità al pensiero della differenza, dalla questione linguistica alle quote rosa.La storia intellettuale di Bompiani e quella politica di Castellina si incontrano in un'amicizia che è fatta anche di contrasti, di posizioni diverse, ma che trova una piena convergenza nella necessità della lotta di genere.Un libro che ha lo sguardo rivolto al passato e al futuro in un'epoca in cui l'unica rivoluzione che sembra riuscita è il nuovo modo di concepire la donna e di denunciare il patriarcato.Ginevra BompianiÈ nata a Milano nel 1939. Ha insegnato Letteratura inglese e Letterature Comparate all'Università di Siena. Ha fondato con alcuni amici la casa editrice nottetempo che ha diretto per tredici anni. Ha pubblicato libri di narrativa e saggistica. Tra gli ultimi, il memoir La penultima illusione (Feltrinelli, 2022) e Il pensiero affettivo, saggio epistolare con Sarantis Thanopulos (Feltrinelli, 2024).Luciana CastellinaÈ nata a Roma nel 1929. Ha lavorato nella sezione femminile del Pci e ha fatto parte della presidenza dell'Udi. Tra i fondatori del “manifesto”, è stata deputata del Parlamento italiano ed europeo. Ha pubblicato diversi libri di saggistica e memoir, tra cui La scoperta del mondo (nottetempo, 2011, Cinquina del Premio Strega).IL POSTO DELLE PAROLEascoltare fa pensarewww.ilpostodelleparole.itDiventa un supporter di questo podcast: https://www.spreaker.com/podcast/il-posto-delle-parole--1487855/support.

Il nostro Claudio Chiari ha incontrato Emre Esel, il direttore creativo della mostra "The World of Banksy, The Immersive Experience". L'esposizione  a Milano, è stata prolungata fino al 2 novembre grazie all'enorme successo. Ospitata nel nuovo polo culturale Varesina 204 nel cuore del Milano Certosa District, il progetto offre un'esperienza sensoriale completa, ricreando circa 120 opere di Banksy e approfondendo i temi sociali cari all'artista come guerra e diritti umani. «Siamo stati capaci di creare un'esperienza artistica come il mondo di Banksy che cattura perfettamente la visione dell'artista. La nostra proposta aiuta i suoi fan a esplorare la sua arte e le sue idee», ci racconta Emre Esel. Infatti, le mostre, organizzate a livello internazionale, «hanno avuto un successo globale con oltre 2 milioni di visitatori in tutto il mondo». Noi de Radio Number One, media partner della mostra, vi invitiamo senza dubbio a visitarla! Tutte le info sono disponibili su theworldofbanksy.it

“Noi eravamo lì …. Quando il mondo del gaming cambiò per sempre . Tutto era sempre stato uguale e ciclicamente noioso … ma comunque avevamo le nostre certezze . Switch 2 ha però sconvolto tutto . Nintendo era diventata una azienda come le altre …. Cosa ? Il prezzo dei giochi dici ?… ragazzo, non mi crederesti se ti dicessi quando constavano i giochi … ora va a dormire. Domani dovremo ancora sopravvivere cercando offerte”

Is your rental unit sitting vacant longer than expected? In this Strategy Saturday episode, Charles Carillo dives into the hidden costs of vacancy and shares the key strategies he uses to reduce downtime, increase lease renewals, and keep units filled. Whether you're managing a duplex, multifamily, or turnkey rental, you'll learn how to avoid common marketing mistakes, improve tenant retention, and ultimately boost your NOI. Charles covers everything from listing photos and tenant screening to early lease renewals and fraud prevention — plus he shares why most landlords lose money before the tenant ever moves in. Mentioned Episodes: SS74: What is the Difference Between Physical and Economic Vacancy - https://youtu.be/QDc-P15oRro SS151: Understanding Vacancy and Make Ready Costs - https://youtu.be/AzpgO6yLTTM SS230: Stop Wasting Money on Upgrades | Do These Instead for Higher Rents - https://youtu.be/2QwLnQNhZiM Subscribe to never miss a weekly dose of real estate investing insights! Connect with the Global Investors Show, Charles Carillo and Harborside Partners: ◾ Setup a FREE 30 Minute Strategy Call with Charles: http://ScheduleCharles.com ◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/  ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/

Noi vi avevamo detto di tenervi pronti, no?E infatti eccoci con una specialissima puntata coi consigli per l'estate ma anche questa in formula lievemente diversa, perché oltre a consigliare a voi ci faremo suggerimenti reciproci e vedremo chi ci azzecca di più.Ah, una piccola particolarità: non li abbiamo letti e li consigliamo a sentimento. Cosa potrebbe andare storto?E voi? Cosa avete apprezzato di più?PS: ormai lo sapete. Potreste ascoltarci ancora quando meno ve lo aspettate. Attivate notifiche e seguite la newsletter!--Per iscrivervi alla newsletter: https://potrebbepiacerti.substack.com/I link a tutti i suggerimenti link:https://oldmanaries.it/index.php/potrebbe-piacerti/https://silviacolaneri.it/potrebbe-piacerti/---Per contattarci:Pagina Facebook: https://www.facebook.com/potrebbepiacertiAccount Instagram: @potrebbepiacertiSergio: https://www.oldmanaries.it - Instagram: @OldManAriesSilvia: https://www.silviacolaneri.it - Instagram: @Silosa

What if zoning rules weren't barriers—but puzzle pieces?   In this episode, I sit down again with urbanist and investor Jeffrey Kirton to demystify the complex world of city planning, zoning, and permitting in Montreal. We break down acronyms like PPCMOI, PIIA, and CCU, and explain how developers can navigate these layers of approval to unlock real opportunities. From overlapping regulations to political bottlenecks, Jeffrey shares how to manage city processes with more confidence and less guesswork.   We dive into how to plan for setbacks, height allowances, and parking requirements—and why understanding both the written code and the unspoken rules can make or break your project. Jeffrey also explains how site selection, due diligence, and community engagement shape what you can actually build, no matter what the zoning map says.   Tune in to learn how real urban planning works behind the scenes—and how knowing the system can help you avoid costly delays and turn complex sites into real value.   —   Tired of spreadsheets and admin headaches in your rental business?   If you're a real estate investor looking to simplify operations and grow your portfolio, Kompas is your new best friend. This all-in-one property management and accounting software helps you automate the tedious stuff—like receivables, renewals, and leasing—so you can focus on creating value.   Boost your cash flow, improve your NOI, cut down back-office work, and scale with confidence.  

A conversation with longtime multifamily industry veteran, the fabulous Brandon Hammond… discussing how investing in your teams drives resident satisfaction, NOI growth, and sustainable operations, with insights on aligning service with strategy, solving root problems effectively, and leading at the intersection of people, tech, data, and purpose.See omnystudio.com/listener for privacy information.

EPICO - Floridi e altri alla Camera: la AI è passata dalla matematica alla statistica, non puoi dimostrare che non sbaglia maiDa Camera.it https://comunicazione.camera.it/archivio-prima-pagina/19-51129Notevolissimo il riferimento alla normativa privacy e alla regolamentazione: “e' un ambiente, non un canale, noi ci viviamo dentro. “Quando un matematico parla, leva le basi, non discute. Le vecchie regole non si possono stiracchiare.Traducetelo in tutte le lingue.E anche lui, come io qualche mese fa: “In Europa siamo i primi” e nel mondo contiamo. Molto. Diamoci dentro.Trascrizione libera gen ai IusOnDemand srl:# Titolo: L'Intelligenza Artificiale e il Futuro del Lavoro## Indice1. Introduzione2. La Svolta dell'Hardware3. L'Intelligenza Artificiale come Commodity4. L'Impatto sull'Analogico5. La Regolamentazione e la Sovranità Digitale6. Conclusione---## IntroduzioneLa brutta notizia è che adesso iniziamo la lexio, penso che bisognerà fare un po' di lavoro. La buona notizia è che Anibale Ferrari mi ha detto non ti azzardare a superare l'ora, quindi cercheremo di fare le cose velocemente. Come dice il mio dentista, non sarà painful, poi vediamo un po'. Io inizierei e mi piacerebbe tanto passare 45 minuti a ringraziare. Non lo posso fare, quindi passo 5 secondi.---## La Svolta dell'HardwareCome ho detto ai ragazzi quando ci siamo visti a Milano, erano 1200 ragazzi della scuola, con il ministero, venivano da tutta Italia. Abbiamo fatto una cosa bellissima. Allora, ripeto quello che ho detto a loro lì. Non è normale. Vi assicuro che quello che vedrete dopo, dopo di me, non l'ha fatto nessuno. Questo è utile sentirlo solo da uno che sta fuori, perché sai, se stai dentro l'acqua, il pesce non conosce l'acqua. Però, stando fuori, sia ai ragazzi di Milano, per quello che abbiamo fatto lì, sia per quello che vedrete oggi dopo la mia lezione, ricordare, come la Presidente ha giustamente sottolineato, che siamo all'avanguardia. Siamo all'avanguardia in Europa e l'Europa è all'avanguardia nel mondo. Ci vuole poco a capire che quindi siamo all'avanguardia nel mondo, no? A e B, B e C.---## L'Intelligenza Artificiale come CommodityAllora, essendo all'avanguardia nel mondo, quello che vi racconterò qui molti di voi lo sanno già. Allora, diciamo che vi metto insieme un po' di cose che voi avete già sentito e che già conoscete. Qualche cosa risulterà già nota, di questo mi scuso, altre spero siano leggermente meno banali, ma almeno il riassuntone, diciamo, una volta tanto me la sono sentita raccontare tutta questa cosa che lei ha, dall'inizio alla fine.---## L'Impatto sull'AnalogicoDicevo i ringraziamenti, ho già ringraziato la Presidente perché è troppo gentile, sappiatelo, e poi perché ha detto già tutte le cose giuste che andavano dette. Io poi tanto torno in Italia, quindi prima o poi ci rivediamo, e poi tutto il gruppo che ha lavorato a quello che voi vedrete. C'è un gruppo qui scientifico che adesso fanno finta di guardare alle scarpe, ma il gruppo scientifico di ricerca qui della Camera che ha fatto il lavoro, io ho cercato di non intracciarli senza, è anch'esso invidiabile. Come mai lavorino qui e non stiano a guadagnare miliardi da qualche parte nella Silicon Valley non lo so. Noi glielo dite, meglio che non lo sappiano. Però è quello il livello. Complimenti per averli trattenuti in qualche modo.---## La Regolamentazione e la Sovranità DigitaleLa trappola, lo so, è qua dietro e quella bandiera è lì. Ce l'abbiamo tutti. Iniziamo a fare un po' di lavoro. Questa è la fine dei 5 minuti di ringraziamento. La presente e il futuro. Questi sono i blocchi che io vorrei presentare. Quando ho rifatto un po' i compiti mentre venivo qui e mi sono accorto che ho esagerato, ovviamente come sempre. Adesso quante cose gli vuoi raccontare? C'è Annibale lì che mi controlla, quindi adesso prendiamo l'orologio e cerchiamo di fare tutto quanto nel giro di 40 minuti o giù di lì.---## ConclusioneAllora, un'introduzione, poi questi tre blocchi, cioè l'eclisse dell'analogico, cioè del fisico, di noi che siamo qua in 3D, la svolta dell'hardware, dove il potere sta sempre più concentrando la sua attenzione, e poi l'intelligenza artificiale come una commodity. Come l'elettricità. E questo ve lo dico adesso, spero che vi resti in mente. Lo studente che io incontrerò a settembre, anzi a fine agosto, perché iniziamo i corsi a fine agosto, che ha 18 anni, lui o lei ha fatto sempre i compiti che c'ha il GPT a scuola. Ve lo dico un'altra volta. Ha sempre fatto i compiti che c'ha il GPT lui. Quindi non gli puoi raccontare che c'è già il GPT, perché è come raccontargli che c'è l'automobile. Ti chiede allora? Ecco, questo mondo che va così fortemente, lei ha ormai, è una commodity, è qualcosa che dai per scontato. Il problema è che cosa ci fai e chi ci fa cosa, non che ci sia. Quindi oggi non racconteremo che c'è, cerchiamo di capire che cosa succede ora che c'è.---### Frasi Celebri- "Non è normale. Vi assicuro che quello che vedrete dopo, dopo di me, non l'ha fatto nessuno."- "Siamo all'avanguardia in Europa e l'Europa è all'avanguardia nel mondo."- "Il problema è che cosa ci fai e chi ci fa cosa, non che ci sia."Trascrizione grezza gen ai:La brutta notizia è che adesso iniziamo la lexio, penso che bisognerà fare un po' di lavoro. La buona notizia è che Anibale Ferrari mi ha detto non ti azzardare a superare l'ora, quindi cercheremo di fare le cose velocemente. Come dice il mio dentista, non sarà painful, poi vediamo un po'. Io inizierei e mi piacerebbe tanto passare 45 minuti a ringraziare. Non lo posso fare, quindi passo 5 secondi. Però come ho detto ai ragazzi quando ci siamo visti a Milano, erano 1200 ragazzi della scuola, con il ministero, venivano da tutta Italia. Abbiamo fatto una cosa bellissima. Allora, ripeto quello che ho detto a loro lì. Non è normale. Vi assicuro che quello che vedrete dopo, dopo di me, non l'ha fatto nessuno. Questo è utile sentirlo solo da uno che sta fuori, perché sai, se stai dentro l'acqua, il pesce non conosce l'acqua. Però, stando fuori, sia ai ragazzi di Milano, per quello che abbiamo fatto lì, sia per quello che vedrete oggi dopo la mia lezione, ricordare, come la Presidente ha giustamente sottolineato, che siamo all'avanguardia. Siamo all'avanguardia in Europa e l'Europa è all'avanguardia nel mondo. Ci vuole poco a capire che quindi siamo all'avanguardia nel mondo, no? A e B, B e C. Allora, essendo all'avanguardia nel mondo, quello che vi racconterò qui molti di voi lo sanno già. Allora, diciamo che vi metto insieme un po' di cose che voi avete già sentito e che già conoscete. Qualche cosa risulterà già nota, di questo mi scuso, altre spero siano leggermente meno banali, ma almeno il riassuntone, diciamo, una volta tanto me la sono sentita raccontare tutta questa cosa che lei ha, dall'inizio alla fine. Dicevo i ringraziamenti, ho già ringraziato la Presidente perché è troppo gentile, sappiatelo, e poi perché ha detto già tutte le cose giuste che andavano dette. io poi tanto torno in Italia, quindi prima o poi ci rivediamo, e poi tutto il gruppo che ha lavorato a quello che voi vedrete. C'è un gruppo qui scientifico che adesso fanno finta di guardare alle scarpe, ma il gruppo scientifico di ricerca qui della Camera che ha fatto il lavoro, io ho cercato di non intracciarli senza, è anch'esso invidiabile. Come mai lavorino qui e non stiano a guadagnare miliardi da qualche parte nella Silicon Valley non lo so. Noi glielo dite, meglio che non lo sappiano. Però è quello il livello. Complimenti per averli trattenuti in qualche modo. La trappola, lo so, è qua dietro e quella bandiera è lì. Ce l'abbiamo tutti. Iniziamo a fare un po' di lavoro. Questa è la fine dei 5 minuti di ringraziamento. La presente e il futuro. Questi sono i blocchi che io vorrei presentare. Quando ho rifatto un po' i compiti mentre venivo qui e mi sono accorto che ho esagerato, ovviamente come sempre. Adesso quante cose gli vuoi raccontare? C'è Annibale lì che mi controlla, quindi adesso prendiamo l'orologio e cerchiamo di fare tutto quanto nel giro di 40 minuti o giù di lì. Allora, un'introduzione, poi questi tre blocchi, cioè l'eclisse dell'analogico, cioè del fisico, di noi che siamo qua in 3D, la svolta dell'hardware, dove il potere sta sempre più concentrando la sua attenzione, e poi l'intelligenza artificiale come una commodity. come l'elettricità. E questo ve lo dico adesso, spero che vi resti in mente. Lo studente che io incontrerò a settembre, anzi a fine agosto, perché iniziamo i corsi a fine agosto, che ha 18 anni, lui o lei ha fatto sempre i compiti che c'ha il GPT a scuola. Ve lo dico un'altra volta. Ha sempre fatto i compiti che c'ha il GPT lui. Quindi non gli puoi raccontare che c'è già il GPT, perché è come raccontargli che c'è l'automobile. Ti chiede allora? Ecco, questo mondo che va così fortemente, lei ha ormai, è una commodity, è qualcosa che dai per scontato. Il problema è che cosa ci fai e chi ci fa cosa, non che ci sia. Quindi oggi non racconteremo che c'è, cerchiamo di capire che cosa succede ora che c'è. La introduzione è molto veloce, siamo arrivati su questo pianeta digitale, non è una novità, lo stiamo ora esplorando, gli stiamo dando forma, smettiamo di parlare di tutte queste cose come se fossero una novità, da domani datelo per scontato, anche se non mi sembra, vi prenderanno tutti più giovani. Il cambiamento fondamentale è stato quello, ed è avvenuto qualche anno fa, o su questo io vi vorrei tenere ore, soltanto su questa slide, siamo passati dalla intelligenza artificiale come una branca della logica matematica, quando la insegnavo io negli anni 90, ho fatto il professore di logica matematica da un po' di tempo, all'intelligenza artificiale come una b

It's easy to oversimplify multifamily operations, and to make assumptions about how a property will perform. Countless nuances and details impact property performance, some are controllable, others aren't. Many operators get this wrong, and it costs them dearly. There are hundreds of details that impact how financially successful a property will be. Stacey Hampton, Founder of Asset NOI Consulting, helps multifamily owners achieve greater financial prosperity through evaluating acquisitions and consulting on operations. Stacey helps her clients enhance NOI through increased revenue, lower expenses, and overall optimization.

What happens to property value when cap rates and NOI start moving in opposite directions—and how should investors prepare for that?   In this episode, Angel Williams speaks with Rich Neuharth and Moses Lucero about the realities of underwriting in multifamily investing. They break down cap rates, NOI (Net Operating Income), and the complex relationship between market forces and property performance. Rich walks through examples that clarify how small shifts in cap rates can drastically affect valuations and explains why mindset and transparency matter in underwriting. Angel challenges the assumptions with sharp questions, leading to a clear discussion of how to stress-test deals, factor in risk, and use underwriting tools responsibly.     [00:01 - 04:30] Cap Rates in Action How a $1M NOI changes value depending on cap rate shifts Why cap rate compression inflates property value—and vice versa The importance of separating property-level performance from market dynamics   [04:31 - 08:15] Mindset and Learning Through Repetition How mindset impacts willingness to ask questions and learn Why repeating and reframing concepts leads to deeper understanding The need for more open conversations about not understanding financial concepts   [08:16 - 12:30] Market Cap vs. Purchase Cap What the significance of market cap rate is during appraisals How to handle disconnects between deal-level and market expectations Why accurate comps and broker input guide realistic underwriting assumptions   [12:31 - 16:00] The Push-Pull of NOI and Cap Rate in Valuation How to analyze proportional changes in cap rate and NOI Why understanding opposing forces is key to modeling The importance of building performance scenarios and exit plans   [16:01 - 19:48] Stress Testing and Long-Term Thinking How to structure deals to withstand market fluctuations Why historical cap rate trends matter when forecasting The need to balance investor expectations with conservative assumptions       Connect with Rich:   https://www.linkedin.com/in/realmindsetrich   Connect with Moses:   https://www.linkedin.com/in/moses-lucero-9026b220b/     Key Quotes:   “The market cap only affects your sale or refinance. It doesn't affect how your property operates day to day.” - Rich NeuhartH   “You're correcting for where you think cap rates are going. That helps you target NOI growth through CapEx and rent bumps.” - Angel Williams       Visit sponsorcloud.io/contact today and unlock $2,000 of free services exclusively for REI Rocks community members! Get automated syndication and investor relationship management tools to save time and money. Mention your part of the REI Rocks community for exclusive offers. Help make affordable, low-cost education summits possible. Check out Sponsor Cloud today!

Ultima mercoledì della stagione assieme alla vostra trasmissione preferita: Around The Pop. Le nostre Sofia e Francesca ridono e piangono allo stesso momento: che il caldo di Roma abbia definitivamente dato loro alla testa? Ma no, ovviamente! Ultima intervista della stagione è alla cantautrice Rea che ci ha parlato del suo ultimo progetto musicale. Siete stati a qualche concerto di recente? La nostra redazione sì e ve li racconta! Sentite già i tormentoni estivi in radio? Noi vi diciamo i nostri preferiti di ieri e di oggi! Per affrontare l'inizio di questa estate non potete far altro che recuperare la puntata!

TESTO DELL'ARTICOLO ➜ https://www.bastabugie.it/8205OMELIA XV DOMENICA T. ORD. - ANNO C (Lc 10,25-37) di Giacomo Biffi Un dottore della legge si alzò per mettere alla prova Gesù; dunque non per conoscere la verità. La domanda (Che cosa devo fare per ereditare la vita eterna?), che pure è la più importante che possa essere posta da un uomo, non proveniva da un animo retto. Sia però benedetto quell'ignoto malevolo interlocutore di Cristo, che ha provocato in risposta uno degli insegnamenti più alti del Signore, e ci consente di riflettere oggi ancora una volta sulla legge dell'amore, cuore e sostanza di tutto l'Evangelo.LA LEGGE CRISTIANA DELL'AMORE RIASSUME IN SÉ TUTTI I COMANDAMENTI RICEVUTI DA MOSÈ 1. A questo mondo non c'è fascino di bellezza che non venga deturpato dall'uomo, né splendore di verità che non venga travisato. Anche la legge dell'amore corre questo rischio, per esempio quando viene presentata come un superamento o addirittura un'abrogazione dei comandamenti di Dio. La legge dell'amore non è l'abrogazione, ma piuttosto è il cuore e il compendio dei comandamenti, che Mosè ha ricevuto su tavole di pietra, ma che sono indelebilmente iscritti nell'animo umano.Chi infatti ama Dio con tutto il cuore, adora lui solo, rispetta il suo nome e trova un'ora di tempo alla setti mana da dedicargli in esclusiva. Se no, che amore è? E questi sono i primi tre comandamenti. E chi ama sul serio il prossimo, cioè ha a cuore tutti i valori dell'uomo, rispetta e onora i vincoli familiari, considera sacra la vita e non manipolabile al servizio dell'egoismo la capacità di trasmettere la vita, rispetta e onora gli altri nella loro dignità, nella loro proprietà, nel loro diritto a non essere ingannati. E questi sono gli altri comandamenti.Sicché la legge dell'amore non è il modo astuto insegnatoci da Gesù per fare i nostri comodi, ma è l'aiuto e l'ispirazione a osservare integralmente e con piena coscienza la volontà di Colui che ci ha creati.CI AMIAMO TRA NOI PERCHÉ DIO CI AMA TUTTI DELLO STESSO AMORE2. Un secondo modo di non intendere questa pagina di Vangelo è quello di presentare l'amore del prossimo come se a questo comando si potesse ridurre il messaggio di Cristo nella sua vera originalità.Ma le cose non stanno propriamente così. La stessa frase: Amerai il prossimo come te stesso non è stata inventata da Gesù. Era già contenuta nei libri dell'Antico Testamento e ogni ebreo la conosceva bene.L'originalità di Gesù sta piuttosto nella spiegazione di chi si debba considerare prossimo. Gli ebrei non avevano dubbi che per prossimo da amare si dovessero intendere i parenti, gli amici, i connazionali, i correligionari, e solo loro. Gesù ritiene invece che tutte le limitazioni nel concetto di prossimità devono cadere: prossimo è ogni uomo che il Signore mette sulla mia strada e offre alla mia attenzione. Più ancora l'originalità di Gesù sta nella motivazione che regge e giustifica il comando dell'amore. Noi non dobbiamo amarci tra noi perché siamo amabili; anzi, spesso non lo siamo affatto. Dobbiamo amarci tra noi perché il Signore ci ha amati tutti dello stesso amore, si è chinato sulle nostre ferite, ci ha resi una cosa sola coll'impeto unificante della sua sorprendente misericordia. Se dimenticano questa motivazione, che solo la fede può dare, invano gli uomini tentano di amarsi tra loro. Come la storia spesso ci insegna, ogni slancio di solidarietà e di fratellanza finisce nell'oppressione e nella strage.IL NOSTRO PROSSIMO È OGNI UOMO A CUI VOGLIAMO FARCI VICINI3. E a imprimerci nell'animo questo insegnamento quasi con un quadro, Gesù racconta la celebre parabola del samaritano compassionevole, che è una delle parabole evangeliche meglio rifinite e più verosimili.La strada che dalle alture di Gerusalemme discende alla pianura fiorita di Gerico, attraversa il deserto di Giuda, cioè una zona del tutto disabitata, dove le rapine e gli attentati erano di facile esecuzione, nonostante i pattugliamenti della polizia romana.Il significato più decisivo del racconto sta nel fatto che il ferito è soccorso da uno che è straniero e nemico. Così si allarga il concetto di prossimo: "prossimo" è colui che io col mio amore, col mio interessamento, con la mia disponibilità voglio rendermi vicino. Vale a dire, la "prossimità" non ha altri confini se non la finitezza del cuore. Quanto più il nostro cuore sarà grande, tanto meno escluderemo qualcuno dalla cerchia di chi dobbiamo amare.IL BUON SAMARITANO È, PRIMA DI TUTTO, GESÙ 4. Ma in questa parabola Gesù sembra anche voler raffigurare la storia della nostra salvezza, nella quale appunto la legge dell'amore del prossimo si motiva. L'uomo percosso, piagato, spogliato, che giace sul ciglio della strada, siamo noi, è la stessa umanità, che il peccato ha privato di ogni bellezza e di ogni vigore, e pare non avere più speranza né scopo di vita.Lo straniero pietoso è il Figlio di Dio, venuto fino a noi da un mondo lontano e diverso, che si è chinato sulle nostre piaghe e ci ha dato il sollievo della fede e dei sacramenti.L'albergatore, cui ci ha affidati per la guarigione completa, è la Chiesa che, mentre egli è visibilmente assente, continua la sua opera di risanamento, sapendo che un giorno il divino straniero tornerà a ricompensare tutti di ogni spesa e di ogni fatica.Questa, nella sua semplicità e nella sua verità, è la nostra storia; questo è il riassunto di tutto l'Evangelo. Chiediamo la grazia di capire questo disegno misterioso e mirabile e di saper conformare alle sue linee la nostra vita, con umiltà di cuore, con fede viva, con gratitudine senza confini.

Noi credem cu tărie că un mesaj în care Evanghelia si Cuvântul lui Dumnezeu sunt centrale şi expuse autentic, are impact în viaţa ascultătorului. Aşadar, fie că eşti membru într-o biserică sau auzi pentru prima dată un mesaj de genul acesta, avem încredinţarea că dacă-l vei asculta cu seriozitate va fi benefic pentru viaţa ta. Credem cu tărie că Dumnezeul Triunic s-a revelat personal în Scripturi şi deasemena credem că a revelat omului planul Său cu privire la creaţie. De aceea încercăm, în măsura în care am fost înzestraţi de Duhul Sfânt, să transmitem mesaje fidele Scripturii, care afirmă despre ea însăşi, că este singura autoritate, suficientă pentru orice aspect important al vieţii omului. 2Timotei 3:15-17Suntem o comunitate de oameni obişnuiţi, păcătoşi şi imperfecţi dar care prin Harul Lui Dumnezeu, jertfa substitutivă a Domnului Isus de la cruce şi lucrarea tainică a naşterii din nou făcută de Duhul Sfânt, personal în fiecare dintre noi, am fost salvaţi, regeneraţi şi sfinţiţi. Credem deasemenea că suntem făpturi noi locuite şi abilitate de Duhul Sfant să trăiască o viaţă de sfinţenie pentru Gloria Lui Dumnezeu, având onoarea şi responsabilitatea să fim angrenaţi activ în lucrarea de răscumpărare a Lui Dumnezeu. Noi nu pretindem mesaje infailibile, dar pretindem că Biblia este infailibilă; Nu pretindem că avem monopolul Adevărului, dar pretindem că Hristos este "Calea, Adevărul şi Viaţa". De aceea scopul nostru nu este să te inducem în eroare sau să te amăgim, nici să spunem doar ceea ce vrei să auzi, ci este să expunem clar Cuvântul Lui Dumnezeu pentru ca Acesta să producă Credinţă autentică în viaţa omului şi să dea direcţie celor aflaţi deja pe calea sfinţeniei. Știm şi recunoaștem că suntem într-un proces de învățare continuă, astfel identificăm slăbiciuni în ceea ce privește expunerea Cuvântului lui Dumnezeu, pe care cu ajutorul Duhului Sfânt vom incerca să le diminuăm, dar în ciuda acestui neajuns universal valabil tuturor lucrătorilor de pretutindeni, avem certitudinea că preluate de Duhul Sfânt, mesajele noastre bine intenţionate vor fi de folos pentru o lucrare destoinică. Aşa că frate/soră sau prieten/ă drag/ă, dacă asculţi acest mesaj, te rog să inţelegi că Dumnezeu în providenţa Lui a decis să-l asculţi, intr-un scop pe care-L are cu tine personal, dar cu un beneficiu reciproc, probabil spre mântuire, pocăinţă, încurajare, zidire, mustrare, corectare, învăţare. Te încurajăm să ne contactezi (https://bisericaradiant.ro/) şi să ne spui cum ţi-a vorbit acest mesaj.

Noi credem cu tărie că un mesaj în care Evanghelia si Cuvântul lui Dumnezeu sunt centrale şi expuse autentic, are impact în viaţa ascultătorului. Aşadar, fie că eşti membru într-o biserică sau auzi pentru prima dată un mesaj de genul acesta, avem încredinţarea că dacă-l vei asculta cu seriozitate va fi benefic pentru viaţa ta. Credem cu tărie că Dumnezeul Triunic s-a revelat personal în Scripturi şi deasemena credem că a revelat omului planul Său cu privire la creaţie. De aceea încercăm, în măsura în care am fost înzestraţi de Duhul Sfânt, să transmitem mesaje fidele Scripturii, care afirmă despre ea însăşi, că este singura autoritate, suficientă pentru orice aspect important al vieţii omului. 2Timotei 3:15-17Suntem o comunitate de oameni obişnuiţi, păcătoşi şi imperfecţi dar care prin Harul Lui Dumnezeu, jertfa substitutivă a Domnului Isus de la cruce şi lucrarea tainică a naşterii din nou făcută de Duhul Sfânt, personal în fiecare dintre noi, am fost salvaţi, regeneraţi şi sfinţiţi. Credem deasemenea că suntem făpturi noi locuite şi abilitate de Duhul Sfant să trăiască o viaţă de sfinţenie pentru Gloria Lui Dumnezeu, având onoarea şi responsabilitatea să fim angrenaţi activ în lucrarea de răscumpărare a Lui Dumnezeu. Noi nu pretindem mesaje infailibile, dar pretindem că Biblia este infailibilă; Nu pretindem că avem monopolul Adevărului, dar pretindem că Hristos este "Calea, Adevărul şi Viaţa". De aceea scopul nostru nu este să te inducem în eroare sau să te amăgim, nici să spunem doar ceea ce vrei să auzi, ci este să expunem clar Cuvântul Lui Dumnezeu pentru ca Acesta să producă Credinţă autentică în viaţa omului şi să dea direcţie celor aflaţi deja pe calea sfinţeniei. Știm şi recunoaștem că suntem într-un proces de învățare continuă, astfel identificăm slăbiciuni în ceea ce privește expunerea Cuvântului lui Dumnezeu, pe care cu ajutorul Duhului Sfânt vom incerca să le diminuăm, dar în ciuda acestui neajuns universal valabil tuturor lucrătorilor de pretutindeni, avem certitudinea că preluate de Duhul Sfânt, mesajele noastre bine intenţionate vor fi de folos pentru o lucrare destoinică. Aşa că frate/soră sau prieten/ă drag/ă, dacă asculţi acest mesaj, te rog să inţelegi că Dumnezeu în providenţa Lui a decis să-l asculţi, intr-un scop pe care-L are cu tine personal, dar cu un beneficiu reciproc, probabil spre mântuire, pocăinţă, încurajare, zidire, mustrare, corectare, învăţare. Te încurajăm să ne contactezi (https://bisericaradiant.ro/) şi să ne spui cum ţi-a vorbit acest mesaj.

What if your best real estate insight came from the city planner's desk?   In this episode, I sit down with Jeffrey Kirton, an urbanist turned investor, to explore how city planning, zoning knowledge, and on-the-ground experience can shape smarter real estate decisions. Jeffrey shares his journey from civil engineering dreams and poker tables to working within Montreal's urban system—and how those lessons now fuel his investment strategy.   We break down how zoning can unlock hidden value, why permit timelines matter more than people think, and what to look for when evaluating neighborhood potential. Jeffrey also shares his experience building a Vermont cabin, adding ADUs, and buying undervalued properties with major upside—all by applying a planner's lens to every deal.   Tune in to learn how thinking like an urbanist can help you invest with more clarity, less risk, and stronger long-term returns.   —   Tired of spreadsheets and admin headaches in your rental business?   If you're a real estate investor looking to simplify operations and grow your portfolio, Kompas is your new best friend. This all-in-one property management and accounting software helps you automate the tedious stuff—like receivables, renewals, and leasing—so you can focus on creating value.   Boost your cash flow, improve your NOI, cut down back-office work, and scale with confidence.  

In this episode of Zen and the Art of Real Estate Investing, Jonathan speaks with Owen Barrett, founder and CEO of Shine, a solar company built by apartment owners for apartment owners. With a background in finance and clean energy, Owen brings a pragmatic and results-driven mindset to a traditionally misunderstood corner of multifamily investing—onsite solar energy. Owen shares how his first exposure to real estate came after achieving financial independence through his solar ventures. Instead of starting small, he jumped into a 64-unit building, testing how large-scale solar could be layered into multifamily investment. That experience, although imperfect, helped shape Shine's business model: targeting properties with 100+ units where solar not only benefits the environment but also boosts returns. Jonathan and Owen examine the financial mechanics of solar energy in multifamily properties, from cost segregation and tax credits to NOI increases and tenant retention. Owen explains how Shine's proprietary software allows solar installations to serve individually metered units, a longstanding challenge in the space. He also breaks down how syndicators and institutional investors approach solar differently, and why understanding your audience is key when pitching value-add improvements. Owen emphasizes that solar is not about selling environmental benefits. It's about improving the bottom line. But the secondary benefits, such as tenant retention, lower utility inflation, and greater resilience during energy volatility, add long-term value. For syndicators and operators seeking to future-proof their assets, this conversation is packed with strategic thinking, cost-saving tactics, and clear-eyed lessons from someone who installs what he owns. In this episode, you will hear: How Owen Barrett transitioned from solar to multifamily real estate Using solar to increase NOI and attract investors Cost segregation, tax credits, and depreciation benefits Why roof condition is a make-or-break factor for installations The difference in decision-making between syndicators and institutions Leveraging solar to reduce tenant utility costs and turnover The reason early due diligence makes or breaks solar ROI Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. Supporting Resources: Shine website - www.getshine.com Connect with Owen Barrett on LinkedIn - www.linkedin.com/in/owenmadsenbarrett Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

Noi trebuie să folosim la potențialul maxim capacitățile și talentele încredințate de Dumnezeu. Toți cei care slăbesc și distrug puterile fizice, mintale și morale prin hrană păcătoasă, îmbrăcăminte păcătoasă și călcarea legilor sănătății sub orice aspect vor fi trași la răspundere de către Dumnezeu, pentru tot binele pe care l-ar fi putut face, dacă ar fi păzit legile sănătății mai degrabă decât să fie neglijenți, nepăsători și răuvoitori față de casa în care locuiesc.Citește acest devoțional și multe alte meditații biblice pe https://devotionale.ro#devotionale #devotionaleaudio

On this episode of Best Ever CRE, Joe Cornwell interviews Troy Zimmerman, general partner at Missional Capital Group. Troy shares his 20+ year journey from managing inherited triple net lease properties to building a low-leverage, cash-flow-focused multifamily portfolio in Northwest Alabama. He discusses transitioning from single-family homes to multifamily and multi-tenant retail, emphasizing the importance of controlling NOI and protecting downside risk. Troy also highlights his values-based approach to investing, including tenant-first management and giving back through charitable initiatives tied to each acquisition. Troy Zimmerman Current role: General Partner at Missional Capital Group Based in: Charleston, South Carolina Say hi to them at: https://missional.group Get a 4-week trial, free postage, and a digital scale at ⁠https://www.stamps.com/cre⁠. Thanks to Stamps.com for sponsoring the show! Post your job for free at https://www.linkedin.com/BRE. Terms and conditions apply. Join the Best Ever Community  The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It's free to join, but you must apply and meet the criteria.  Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at ⁠www.bestevercommunity.com⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Through the lens of a single neighborhood shopping center in Lawrenceville, GA, Chris Ressa lays out a compelling story of what's happening across retail real estate today—and why the industry isn't just surviving, it's thriving.Despite headlines about disruption and store closures, America is undersupplied when it comes to retail space, and demand is surging. In Lawrenceville, post-COVID success triggered a leasing domino effect that brought in over 40,000 SF of new tenants and added nearly $800K in NOI.Takeaways:The power of low supply and high demand and how it's reshaping site competition A behind-the-scenes look at a grocery-anchored center's three-year transformationThe diverse, modern tenant mix redefining “normal” retail—think healthcare, beauty, food, and auto alongside legacy brandsHow smart reinvestment and strong market forces create a flywheel of growthWhy traditional metrics like “retail per capita” miss the mark in today's environmentChapters00:00 Retail Real Estate Fundamentals Post-COVID05:23 The Lawrenceville Case Study: A Retail Success Story09:28 The Evolution of Retail Tenant Mix

What if the biggest threat to your next deal wasn't interest rates—but hesitation?   In this episode, I share a real-time pulse check on what's happening in the Quebec real estate market. From stalled absorption to construction strikes and policy delays, things are shifting—and investors are feeling it. I unpack how rising labor costs, city approvals, and social acceptance are changing timelines and forcing developers to think more strategically.   We dive into why many investors are sitting on the sidelines, how to rethink renovation plans, and the importance of surrounding yourself with experienced peers. I also explain how communities like Cercle Tres offer support in uncertain times and why now is the time to sharpen your strategy—not shrink from the market.   Tune in to hear why staying curious, educating yourself, and connecting with the right people might be your biggest edge in a high-friction market.   —   Tired of spreadsheets and admin headaches in your rental business?   If you're a real estate investor looking to simplify operations and grow your portfolio, Kompas is your new best friend. This all-in-one property management and accounting software helps you automate the tedious stuff—like receivables, renewals, and leasing—so you can focus on creating value.   Boost your cash flow, improve your NOI, cut down back-office work, and scale with confidence.  

What if the retail apocalypse was just bad PR? In this episode of REady2Scale, we dive into the misunderstood world of retail and mixed-use real estate with Babak Ziai, founder of BrandView Inc. With over $2.5B in transactions and decades of experience transforming overlooked properties, Babak offers a grounded, data-informed perspective on where the real opportunities lie in today's evolving retail landscape. If you've ever written off retail as yesterday's asset class, this conversation may change your mind. Key Takeaways: - Retail is not one thing: Babak breaks down the diverse categories of retail such as malls, grocery-anchored centers, and street retail, and explains why each responds differently to market forces. - Why e-commerce didn't kill retail: Retail isn't disappearing; it is evolving into a service and experience-based model where human interaction, wellness, and dining are central. - What makes mixed-use properties work: Learn how thoughtful integration of secondary uses like office or residential around retail can create stronger, more resilient assets. - How to revitalize overlooked assets: Babak shares his “rent roll 2.0” strategy and explains what types of tenants and experiences drive long-term NOI growth in challenging markets. - Real-world operations insight: From activating vacant space with pop-ups to building trust with tenants, hear how hands-on property management can become a competitive advantage. - Misconceptions investors still have: Babak reflects on why retail remains misunderstood and where sophisticated investors are finding opportunities that others miss. Whether you are active in commercial real estate or simply curious about what's next for physical retail, this episode offers a thoughtful and nuanced look at an asset class that is far from obsolete. Timestamps 00:00 Introduction and Episode Overview 00:24 Meet Bobak Zai: Retail Investment Expert 01:44 Understanding Retail Segments 03:58 The Future of Retail in an E-commerce World 07:20 Transforming Overlooked Properties 26:15 Lightning Round and Closing Thoughts Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Credits Producer: Blue Lake Capital Strategist: Syed Mahmood Editor: Emma Walker Opening music: Pomplamoose *

Want to skip around? Check out the full chapter list below

Omer Agiv is the co-founder and CEO of Faireez, an AI-powered housekeeping platform delivering hotel-style cleaning services to multifamily buildings. A serial entrepreneur with seven startups under his belt—including one acquired by Anheuser-Busch—Omer brings deep expertise in digitizing traditional industries. With Faireez, he's aiming to disrupt the outdated home cleaning model by providing on-demand, tech-enabled daily housekeeping that enhances resident lifestyle and property value.     Make sure to download our free guide, 7 Questions Every Passive Investor Should Ask, here. Key Takeaways Faireez makes housekeeping a modern apartment community amenity, offering AI-powered daily cleaning services tailored to multifamily properties. The platform benefits three key groups: residents (who want convenience), property managers (seeking lifestyle-enhancing amenities), and cleaners (offered stable, respectful employment). Unlike gig economy models, Faireez partners with professional cleaning companies and assigns one “fairy” per building for consistent service. This model enables short, high-frequency cleaning sessions (15–20 minutes daily) and creates a trust-based relationship with residents. Faireez enhances NOI for property owners while offering residents a premium, lifestyle-driven amenity.     Topics From Beer Analytics to Domestic Tech Omer previously built and sold a startup that provided real-time beer consumption analytics for breweries worldwide. He's passionate about applying tech to “low-tech” industries—first beer, now housekeeping. Faireez was born from his frustration of working long hours and still coming home to do dishes at midnight. Housekeeping for Apartments Residents dislike daily chores and only have access to bi-weekly deep cleaning services. Property managers lack truly useful, lifestyle-enhancing amenities to differentiate their buildings. Cleaners face unstable gig work—Faireez offers full-time partnerships, insurance, and steady assignments. Why Gig Economy Models Fail in Housekeeping Previous “Uber for cleaning” startups failed due to inconsistent quality and no recurring relationships. Faireez does the opposite: one assigned cleaner (“fairy”) per building, pricing per chore (not hour), and better-than-market pay. Building trust and consistency drives better service, community engagement, and resident satisfaction. AI and Tech Machine learning optimizes routing, scheduling, and dynamic pricing per city and chore type. Faireez is piloting video-based assessments where residents film their space and get an instant plan, quote, and cleanliness score. Their systems update pricing frequently to keep it affordable while maintaining operational efficiency. Best Properties for Hotel-Style Housekeeping Class A properties with 100+ units and a family-oriented resident base. Ideal for buildings seeking to add non-rent revenue and attract renters looking for lifestyle upgrades. Especially popular with families, busy professionals, and tech-savvy urban renters.    

Not all property upgrades are worth the price. In this episode of Strategy Saturday, Charles Carillo uncovers six common rental property renovations that don't increase rent, resale value, or return on investment—and in some cases, they can actually lower your NOI. From unpermitted work to luxury appliances and layout changes that backfire, Charles shares real examples and lessons learned from years of hands-on real estate investing. You'll learn: Which renovations landlords often regret Why “over-improving” hurts more than it helps The financial traps of pools, solar panels, and premium upgrades How to align renovations with market demand and tenant expectations Before you start your next property update, make sure you're investing where it truly counts. Looking for small upgrades that actually help increase rent? Don't miss Strategy Saturday Episode SS219 - https://youtu.be/fN7h6xCTlJc. Connect with the Global Investors Show, Charles Carillo and Harborside Partners: ◾ Setup a FREE 30 Minute Strategy Call with Charles: http://ScheduleCharles.com ◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/  ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/  

What if your biggest rental risk wasn't vacancy—but poor planning?   In this episode, I break down what's really going on in today's rental market and why absorption has become one of the most misunderstood challenges in real estate. I share lessons from the field, explain why there's no housing crisis—but an affordability crisis—and what that means for your next project. From luxury vacancies to tenant incentives, the game has changed, and you need to be ready.   We dive into how to run a strategic location analysis, why rental demand has to be ultra-specific, and how your unit mix and amenities impact lease-up speed. I also unpack common mistakes in pro forma planning, how CMHC can hold back your loan, and why getting real data—not just listings—makes all the difference.   Tune in to learn how developers and investors can stay ahead by understanding absorption, adjusting to real demand, and using flexibility as an edge in today's shifting market.   —   Tired of spreadsheets and admin headaches in your rental business?   If you're a real estate investor looking to simplify operations and grow your portfolio, Kompas is your new best friend. This all-in-one property management and accounting software helps you automate the tedious stuff—like receivables, renewals, and leasing—so you can focus on creating value.   Boost your cash flow, improve your NOI, cut down back-office work, and scale with confidence.  

Hotel Moment is ranking in the top 10 in the hospitality technology category on Apple Podcasts. On Hotel Moment, host Karen Stephens, Revinate's Chief Marketing Officer, dives into topics that drive success in the hospitality business, from optimizing NOI and understanding total RevPAR to leveraging customer data effectively and creating memorable guest experiences. The podcast features meaningful conversations with industry leaders like Shannon Knapp, president and CEO of Leading Hotels of the World, and Matthijs Welle, CEO of Mews, and more.

Michael Blank is a real estate investor, author, speaker, and CEO of Nighthawk Equity. He's one of the leading authorities on apartment investing and financial freedom through multifamily real estate. With over $300 million in assets under management and author of Financial Freedom with Real Estate Investing, Michael helps investors and aspiring entrepreneurs escape the W-2 grind by acquiring multifamily properties and building sustainable income streams.     Make sure to download our free guide, 7 Questions Every Passive Investor Should Ask, here. Key Takeaways Michael transitioned from tech to restaurants to real estate after early business setbacks during the 2000 and 2008 market crashes. Multifamily real estate offers superior risk-adjusted returns due to forced appreciation and operational control compared to single-family homes. Market sentiment is often wrong—investors must look past fear-based headlines and focus on long-term fundamentals. Today's market offers lower leverage, better pricing, and a strong long-term demand outlook for multifamily housing. Education and building sophistication as an investor is critical to identifying real opportunities, especially in volatile markets.     Topics Michael's Journey into Multifamily Started in corporate software; was part of a major IPO just before the 2000 tech bubble crash. Lost significant capital in restaurant franchises during the 2008 recession. Began flipping houses before discovering multifamily through a 12-unit deal in DC that eventually sparked his passion for apartments. Built Nighthawk Equity and an education platform to help others achieve financial freedom through apartment investing. Understanding Risk-Adjusted Returns Multifamily offers superior downside protection compared to many other asset classes. Operational risk (property management) can be mitigated by using professional managers. Market risk can be managed by focusing on NOI-driven valuation rather than relying on market appreciation like single-family. Investors must evaluate underwriting assumptions—rent growth, vacancy, CapEx reserves, and debt terms—to fully assess risk. Why Multifamily is Attractively Priced Today Current deals are 30% below 2021 peak prices. Leverage is lower and more conservative, reducing financial risk. Interest rates are flat or declining, improving the outlook for new acquisitions. Long-term demand remains strong due to the lack of new affordable housing supply. Investor Sentiment and Sophistication Market sentiment swings often don't reflect true investment fundamentals. Sophisticated investors like institutions are returning to the market now while many retail investors remain fearful. Successful investing requires becoming a student of the market and evaluating data beyond media headlines. Raising Capital in Today's Market Focuses heavily on education to help investors understand why now may be a great buying window. Transparency, data-driven insights, and regular communication are key to re-engaging cautious investors. Building long-term relationships and trust remains critical to capital raising success.    

Inflation, interest rates, tariffs—most markets flinch. But according to Josh Goldberg, commercial solar doesn't blink. In this Tactical Tuesday, Josh pulls back the curtain on how Sunstone Credit is adapting—and thriving—by making it easier than ever to finance clean energy upgrades for America's businesses.You'll hear why commercial solar might be more resilient than resi, how to decode confusing lease structures, and why every building owner should be thinking like a telecom landlord. Plus: what makes a killer commercial proposal and the surprising financing products Sunstone now offers (hint: they finance roofs!).Expect to learn:

Get ready to uncover the secrets of one of commercial real estate's most resilient and misunderstood asset classes: self-storage. In this in-depth episode, Tait Duryea and Ryan Gibson explore why self-storage continues to outperform in uncertain times, how millennials are transforming storage use, and what makes it such a powerful wealth vehicle for passive investors. They share personal stories, break down tenant behavior, explain how to boost NOI with tenant insurance, and demystify cap rates and value creation. Plus, hear about their upcoming Houston tour where you can walk properties and learn the strategy firsthand.Show notes:(0:00) Intro(4:07) A brief history of self-storage(8:52) Sticky tenants and rent increases(11:09) Millennials, boomers, and behavior shifts(15:06) Business use cases and commercial demand(18:43) Automation, kiosks, and virtual support(23:02) Recession resistance and industry resilience(30:20) Buying from mom and pops(35:48) What actually drives cap rate compression(43:10) Capital flows and REIT consolidation(47:40) Outro

When a property starts underperforming, vacancy creeps up, leads dry out, and concessions spiral, every day becomes more costly. Often, the onsite team is simply too close to the issue to see what is really broken. That is when a fresh perspective can make all the difference. In this episode, we dive into what happens when multifamily operators hit pause, zoom out, and bring in an experienced partner to audit their entire go to market strategy. From marketing campaigns to leasing team performance, we explore how a $5K audit can quickly identify root problems, deliver a clear action plan, and help your team course correct without wasting another dollar. This is not about pointing fingers, it is about progress.**You'll Learn**- The early warning signs of an underperforming property• Why internal teams sometimes miss what is broken• What a go to market audit actually includes• How a $5K investment can unlock major returns• The value of inviting expert outside perspectives**Perfect For**Multifamily developers, asset managers, marketing leaders, and leasing teams looking to diagnose performance issues and accelerate ROI before it is too late.To claim 50% off Your First Audit, Visit https://authenticff.com/multifamily-leasing-marketing-audit---**Keywords**multifamily audit, leasing audit, marketing audit, multifamily leasing, multifamily marketing, real estate marketing, property management, leasing team, market analysis, occupancy, revenue growth**Takeaways**- Audits reveal both obvious and hidden breakdowns in marketing and leasing.- Many paid campaigns are misconfigured, leading to inaccurate data.- Most properties have a mix of things working and areas falling short.- Secret shopping competitors exposes weaknesses and opportunities.- Leasing teams often fall short in responsiveness or consultative selling.- The audit is a relatively small investment with high ROI potential.- The goal is actionable, honest feedback to drive immediate improvements.- Multifamily operators underestimate how much control they have over performance.- Data-driven decision-making is essential for NOI growth.**Sound Bites**- "Audit your entire ecosystem."- "We secret shop our own customers as well."- "It is never just one thing."- "What is a conversion? That is the question mark."- "Clients are surprised by what we find."- "Reach out to me directly on LinkedIn."**Chapters**00:00 Introduction and Personal Updates02:06 Why the Audit Service Was Launched04:09 The Current State of the Market06:09 Why the Industry is Behind on Marketing & Leasing07:59 The Audit Process Explained09:28 Real Audit Examples and Findings12:18 The Education Gap in Multifamily Marketing14:45 The Importance of Conversion Tracking15:59 Secret Shopping Competitors16:13 Secret Shopping the Client's Own Leasing Team17:55 Deliverables and Client Reactions19:33 Why This Audit Drives Real Revenue23:45 The Bigger Opportunity in Multifamily Revenue Growth24:44 Final Takeaways25:35 How to Get an Audit---**Related links for this episode:**· Authentic - [https://authenticff.com](https://authenticff.com/)· Charlesgate - https://www.charlesgate.com/Be sure to support this podcast by subscribing and reviewing!Get on the list at [https://transformingcities.io](https://transformingcities.io/) for future announcements.Brought to you by Authentic: [https://authenticff.com](https://authenticff.com/)© 2025 Authentic Form & Function---

This episode is packed.Max Steinberg starts by breaking down how to actually land your dream job—and it's not what you think. Forget resumes and school names. It's about getting in front of the right people and knowing how to stand out in ways most people never learn.From there, we dive into his career in investment banking and managing a hedge fund—where he shares some of the core investment principles and secrets he's used to build real wealth.But what makes this conversation really different?We also talk about how he used data, statistics, and logical analysis to come to a deep belief that Judaism is not just history—it's statistically miraculous that we still exist.This is one of those episodes that'll stick with you.

Bad debt is one of the most overlooked threats to your rental property's performance—and it can silently eat away at your NOI. In this episode, Charles Carillo breaks down the concept of bad debt in real estate, how to calculate your bad debt ratio, and—most importantly—how to reduce it. From poor tenant screening to inefficient rent collection, Charles shares real-world strategies for eliminating delinquencies and protecting your rental income. Whether you're managing Class A properties or older C-class assets, you'll gain practical insights to prevent rent loss and increase profitability.

In this episode of the Property Profits Podcast, Dave Dubeau sits down with Evan Curtis, COO of Vanemore, a Los Angeles-based multifamily investment firm that strategically avoided the worst of the recent multifamily downturn. Evan shares how his team read the market signals in 2021–2022, made disciplined decisions, and is now in a strong position to acquire more properties while others are in retreat. Evan explains their “middle-market” buy box, how they add value to already high-performing properties, and the tech tools they're using to boost NOI without major renovations. He also opens up about the current capital raising climate, the importance of educating both new and experienced investors, and why now might be the right time to consider multifamily real estate—even if it doesn't feel like it. What You'll Learn: How Vanemore successfully positioned itself ahead of the multifamily correction What defines a "middle-market" value-add multifamily asset How AI and automation tools are reducing costs and increasing efficiency Real examples of increasing unit count and revenue without buying more land Smart investor education tactics in a hesitant market - Get Interviewed on the Show! - ================================== Are you a real estate investor with some 'tales from the trenches' you'd like to share with our audience? Want to get great exposure and be seen as a bonafide real estate pro by your friends? Would you like to inspire other people to take action with real estate investing? Then we'd love to interview you! Find out more and pick the date here: http://daveinterviewsyou.com/

What if your biggest advantage wasn't a deal—but your mindset?   In this episode, I sit down with Laurent Soulé to explore how a deep commitment to learning can reshape the way we invest, grow, and lead. We go beyond real estate and business buying to talk about reading smarter, changing mental filters, and developing the kind of clarity that leads to better decisions. Laurent shares the books, podcasts, and mental models that helped him shift from operating to thinking like an owner.   We break down why sharpening your lens matters more than chasing shortcuts, how speed reading and strategic learning impact execution, and why removing yourself from daily operations is the first step toward a real exit plan. Laurent explains how education compounds, why 10x thinking often beats 2x effort, and why buying back your time is more than just a business tactic—it's a life skill.   Tune in to learn how personal growth, deep reading, and intentional mindset shifts can shape your success far beyond the next business deal.   —   Tired of spreadsheets and admin headaches in your rental business?   If you're a real estate investor looking to simplify operations and grow your portfolio, Kompas is your new best friend. This all-in-one property management and accounting software helps you automate the tedious stuff—like receivables, renewals, and leasing—so you can focus on creating value.   Boost your cash flow, improve your NOI, cut down back-office work, and scale with confidence.  

What if excellence wasn't in the spreadsheet—but in your next five minutes?In this powerful episode of the Multifamily Collective, Mike Brewer redefines what it means to lead with excellence in property management. Inspired by Tom Peters, Mike reminds us: excellence isn't about NOI, occupancy, or rent growth—it's about how you show up.It's in:A hallway conversation without distractionYour calm during a crisisThe way you treat a vendor, resident, or investor going through something realYour presence when a teammate needs you mostMicro-moments are where culture is built. And real leadership lives in those moments.Stop chasing excellence in metrics alone. Start cultivating it in your daily interactions—because when you lead with humanity, the numbers will follow.If this resonates, Like, Subscribe, and share it with someone who needs to hear: your next five minutes matter.

What if your NOI issues aren't about process—but about perspective?In this episode of the Multifamily Collective, Mike Brewer reframes one of the most overlooked truths in property management: your systems are only as strong as the humans running them. We obsess over tech stacks, efficiency metrics, and centralization schemes—but we rarely pause to ask: How are these tools impacting our people?Mike makes the case for a radical mindset shift—from business-first to human-first. Not soft. Not sentimental. But structurally empathetic. He calls for intentional design around the team member experience—because when your employees are seen, heard, and supported, performance soars.Think of your organization as a hub and spoke.Instead of pushing out stress from the center, start pulling insights in from the edges.Design with empathy. Deploy with clarity.And watch both your team—and your outcomes—transform.If this resonates, Like, Subscribe, and share it with someone building property performance from the inside out.

I recently sat down with my good friend and talented music artist Ezzi Hirsch for a deep and inspiring conversation. We talked about everything—from trusting in God and letting go, to his unique journey in the music world, how he got started with events, setting up lighting and sound systems, DJing, and building a career in a fast-moving industry.Ezzi also opened up about the life lessons he's learned along the way, his creative process, and—of course—his passion for great coffee. ☕

What if you could buy a business with zero capital and still win big?   In this episode, I sit down with Laurent Soulé to explore the mindset shift from real estate to business ownership. We unpack why buying a business doesn't require millions, how to build equity without cash, and the underrated power of confidence and creativity in deal-making. Laurent shares how the same skills used in real estate, like due diligence, structure, and relationship-building, can be transferred to acquire and scale small businesses.   We talk about the difference between owning and operating, why working on the business matters more than working in it, and how AI, automation, and workflow systems can help de-risk even the most intimidating businesses. Laurent explains how to start small, reduce risk, and offer real value without needing to be the expert in the industry.   Tune in to learn why value creation, not capital, is your biggest lever in business acquisition, and how to get started by simply asking: where can I help?   —   Tired of spreadsheets and admin headaches in your rental business?   If you're a real estate investor looking to simplify operations and grow your portfolio, Kompas is your new best friend. This all-in-one property management and accounting software helps you automate the tedious stuff—like receivables, renewals, and leasing—so you can focus on creating value.   Boost your cash flow, improve your NOI, cut down back-office work, and scale with confidence.  

The Margin of Error Has Vanished: What CRE Investors Should Be Watching Now Commentary on a conversation with John Chang, Senior Vice President and National Director, Research and Advisory Services, Marcus & Millichap   The New CRE Investment Mandate: Survive First, Then Thrive “The margin of error has narrowed to virtually zero.” This was John Chang's stark assessment of today's commercial real estate environment – an era marked by fragile capital markets, rising Treasury yields, policy instability, and speculative hangovers from a decade of cheap money. According to Chang, the headline playbook hasn't changed: keep leverage low, maintain reserves, underwrite for downside. But the stakes have changed. What used to be prudent is now required. Those who forget that, particularly those lulled by the long post-GFC bull run, risk extinction.   Cap Rates, Treasury Yields, and the Compressed Spread A central theme of our conversation is the vanishing spread between borrowing costs and asset yields. Cap rates have risen 100–200 bps depending on asset class and geography, but Treasury rates have risen more. That's compressed spreads, rendering most acquisitions reliant on a value-creation story or an eventual rate reversal.   Investors are still transacting, says Chang, but only if they believe they can bridge the spread gap through operational improvements i.e. leasing, renovation, management upgrades. Passive cap-rate arbitrage is no longer viable. “The potential for something to go wrong is high,” Chang warns, especially in a policy environment that remains erratic.   The Treasury Market's Imminent Supply Shock Chang outlines why he expects upward pressure on Treasury yields for the balance of the year – contrary to the market's general expectations of rate cuts. Key reasons: Federal Deficits: With a delayed budget, Treasury issuance has been running below historical norms. That's about to reverse, with $1–1.5 trillion in supply expected by October. Shrinking Buyer Base: The Fed is reducing its balance sheet. Foreign holders, especially China and Japan, are net sellers. Even traditional allies are showing less appetite, driven partly by frictions over U.S. trade policy. Trade Tensions: Tariffs of up to 145% on imports from China, EU saber-rattling, and a broad retreat from globalization are alienating the very buyers of U.S. debt. “People don't want to do us any favors right now,” Chang says. “That uncertainty alone elevates risk premiums.”   Normalcy Bias and the Myth of the Perpetual Up Cycle Chang pulls no punches on the market psychology underpinning risky underwriting in recent years. He describes a bifurcated investor landscape: Those who entered post-GFC and think 2–3% interest rates and infinite rent growth are normal. Veterans of the 1990s S&L crisis, the dot-com bust, or the GFC, who know better. What's striking is the lack of long-term data. Even Marcus & Millichap, he notes, only has robust CRE data going back to 2000. Without context, many have mistaken the tailwind-fueled 2010s as a standard baseline.   “We're back to old-world real estate,” Chang says. “Where you have to actually understand the property, the tenant mix, the microeconomics of location. The era of pure financial engineering is over.”   Lessons from the Pandemic and GFC: Underwrite for Downside, Not for Hype Chang recounts closing on an investment in April 2020 at the very onset of pandemic uncertainty. “What if we rent at breakeven?” he asked. If the answer was yes, he proceeded. That conservative approach worked then and still applies today.   The biggest blow-ups, he says, came from sponsors who: Modeled double-digit rent growth. Over-leveraged. Used floating-rate debt without hedges. Ignored capex and reserves. By contrast, Chang praises sponsors who locked in fixed debt, kept leverage under 65%, and stayed humble. “They're embarrassed to be earning 7% IRRs,” he jokes, “but in this climate, that's a win.”   Washout in the Syndication Space: Good Riddance? Perhaps most damning is Chang's commentary on the wave of underqualified syndicators who entered during the boom years.   “Thousands came in with no operating experience,” he says, pointing to the proliferation of coaching programs offering checklists instead of expertise. These new entrants mimicked industry language – AUM figures, fund manager titles – but often had no institutional track record or risk management skills.   Many of them, Chang believes, are now out or on their way out. And while some may return with hard-earned wisdom, he expects the flow of “tourists” into the syndication world to dry up for the foreseeable future.   Tailwinds Still Exist: But Only for the Well-Prepared Despite the short-term risks, Chang sees multiple long-term tailwinds: Demographics: Millennials are delaying homeownership, renting into their 40s and fueling demand for multifamily. Inflation Resistance: Assets like multifamily, self-storage, and even select retail have pricing power in inflationary environments. Constrained Supply: Rising costs (e.g., lumber, steel tariffs) are slowing new construction, which will support existing asset values over time. He also flags tax policy as a positive surprise: The “BBB” tax bill, now working its way through the House, offers accelerated depreciation and expansion of Opportunity Zones particularly in rural areas. This could buoy returns in an otherwise challenging environment.   On the Aging of America: A Selective Case for Healthcare-Adjacent Assets Chang views medical office and senior housing through a bifurcated lens: Medical office: Attractive if tenants are stable, young, or anchored by heavy equipment. Long leases. Minimal turnover. Durable income. Assisted living: Demographic tailwinds are real, but operators matter more than ever. The Achilles heel? Labor. “About 30% of healthcare workers in the U.S. are foreign-born,” he warns. “And immigration policy, especially under restrictive regimes, will constrain the labor supply.” No staff, no NOI.   Final Signals: What He's Watching Closely If you want to forecast CRE performance, Chang suggests watching: University of Michigan Consumer Sentiment: A leading indicator of retail sales and housing trends. Currently falling. Inflation-adjusted Retail Sales: Shows how real consumption is holding up. Trade Policy & Supreme Court Rulings: The potential invalidation of Trump-era tariffs could reset inflation and Treasury outlooks but introduces a new kind of uncertainty. “We're not facing one black swan,” he concludes. “We're facing a whole flock. Pick your bird.”   Bottom Line This is not a time for heroic assumptions. It's a time for competence, humility, and discipline. If you must deploy capital, do so with sponsors who have been through a major downturn GFC style, and focus on those who didn't make capital calls, who still generate yield, and who underwrite to reality, not to hope.   The next 2–3 years may be rocky. But the long term still belongs to those who survive the short term.   *** In this series, I cut through the noise to examine how shifting macroeconomic forces and rising geopolitical risk are reshaping real estate investing.   With insights from economists, academics, and seasoned professionals, this show helps investors respond to market uncertainty with clarity, discipline, and a focus on downside protection.    Subscribe to my free newsletter for timely updates, insights, and tools to help you navigate today's volatile real estate landscape. You'll get: Straight talk on what happens when confidence meets correction - no hype, no spin, no fluff. Real implications of macro trends for investors and sponsors with actionable guidance. Insights from real estate professionals who've been through it all before. Visit GowerCrowd.com/subscribe Email: adam@gowercrowd.com Call: 213-761-1000

In this episode of Uncontested Investing, we're digging into a niche that doesn't get enough attention but absolutely deserves it—mobile home park investing.   We break down the unique appeal of mobile home parks, from strong cash flow and low turnover to recession resilience and affordable housing demand. We also talk about how sustainable housing trends like tiny homes and 3D-printed houses are redefining what mobile home parks can look like in the future.   If you're an investor looking for a stable, scalable strategy with long-term upside, this conversation will show you why mobile home parks could be your next best move.   Key Talking Points of the Episode   00:00 Introduction 01:10 Affordable housing demand and national reach of mobile home parks 02:19 Evolution: Tiny homes, 3D-printed homes, sustainable living trends 04:23 Amenities and community-building in mobile home parks 05:14 Why mobile home parks are recession-resistant investments 07:36 Low operating costs, high NOI, and tenant-owned homes 09:01 Low turnover = long-term tenants = cash flow stability 10:20 Resident purchase rights: 60-day window to buy the park 11:49 Value-add potential: upgrades, amenities, landscaping 13:55 Section 8 opportunities and guaranteed income streams 14:40 Don't overlook mobile home parks for long-term success Quotables   “You can't earn back a minute. And you can't easily replace a tenant that's lived in your park for decades.”   “Mobile home parks are recession-resistant because they start with affordability at the core.”   “Tiny homes and 3D-printed houses are redefining what mobile home parks can become.”   Links   RCN Capital https://www.rcncapital.com/podcast https://www.instagram.com/rcn_capital/ info@rcncapital.com   REI INK https://rei-ink.com/

L'Inter crolla in finale di Champions League e perde con un clamoroso 5-0 contro il PSG. Una notte da incubo per i Nerazzurri, chiamati ora a riprendersi da una partita che può lasciare il segno e incidere anche sul futuro, tra gli altri, di Simone Inzaghi. Noi ne parliamo con Matteo Barzaghi di Sky, ieri a bordocampo per seguire la sfida, ma anche con Walter Novellino e con Michele Dalai. E mentre per le strade di Parigi si festeggia, nella capitale francese si sta giocando anche il Roland Garros, dove ieri Jannik Sinner ha dato spettacolo. Sentiamo Vincenzo Martucci. Torniamo al calcio e con Guido Vaciago facciamo il punto su quanto sta accadendo in casa Juventus, con la Vecchia Signora che in una settimana ha dovuto incassare i rifiuti di Conte e Gasperini. A seguire Niccolò Ceccarini ci racconta cosa bolle nella pentola del calciomercato. Andiamo poi da Giorgio Terruzzi per un'analisi del Gran Premio di Formula 1 in Spagna: vince Oscar Piastri, terzo posto (sotto investigazione) per Leclerc. E infine il ciclismo: con Pier Augusto Stagi riviviamo le emozioni della tappa di ieri, tappa che ha portato al trionfo di Simon Yates nel Giro d'Italia.