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Doug Hensley, President of Real Estate Services at Hertz Farm Management, joins us to talk about what's been happening in the farmland market over the past year and discusses the primary factors driving land values and lease trends.
For the latest episode of Weaver's “ Location Cubed,” hosts Howard Altshuler, Partner-In-Charge of Real Estate Services at Weaver, and Aaron Grisz, Partner in Tax Services at Weaver, were joined by Karen Vermaire Fox, President of Quindigo Management, Inc. In this enlightening episode, the trio unraveled the narratives behind real estate councils, their impacts, their roles in the growth of cities, and how they are the beacon for development in regions like Tarrant County and Fort Worth.Key Points: • The inception, mission, and structure of real estate councils in major cities, and their influence on regional real estate growth.• The exploration of various events and programs conducted by the councils, aiming to facilitate learning, networking, and industry advancement.• The proactive and adaptive strategies employed by real estate councils, particularly during tough times and how it all started.[Video Embedded] What are the underlying narratives, strategies, and influences shaping the real estate sector, and how can one maneuver through the intricate paths of real estate management and marketing, especially in growing cities like Fort Worth?The conversation also explored the creation, missions, and events of real estate councils, drawing attention to their significant influence on real estate activities and community growth. Further discussions revolved around how the council has managed to retain interest and attendance in its events and how its proactive strategies during times of uncertainties, and its standout history.“One of the cool things is the first two women chairs or the first two chairs of the Real Estate Council were women, unlike some of the other places where it took forever for a woman to be the chair, a chairperson, the first two leaders of the Real Estate Council were women,” said Fox.Karen Vermaire Fox is the esteemed President of Quindigo Management, Inc. and a pivotal figure in the Real Estate Council of Greater Fort Worth. With her extensive background spanning from her early days in Washington, D.C., working on Capitol Hill to leading numerous associations in the construction and real estate sectors, Karen brings a wealth of knowledge and experience to the table. She is highly recognized for her leadership and strategic insight, particularly in fostering community growth and development in the real estate sector.Subscribe and listen to future episodes of PODCAST CHANNEL on Apple Podcasts or Spotify.©2023
On this episode of The Your Life! Your Terms! Show we get to know the team at Orange Bridge to learn how they are merging Bitcoin and the world of real estate. On this episode we discuss U.S. Bitcoin-backed mortgages and financial services for real estate. You can learn more by visiting their site OrangeBridge.com
A helping hand can make the home-buying process easier while maximizing your chances of finding a property that ticks every box. National Buyers Agents Association is here to tell you that real estate agents offer that hand and so much more… More info: https://buyeragentsearch.com/category/choosing-a-buyers-agent/ Skyfor, Inc. dba National Buyers Agents Association City: Evergreen Address: 7652 Gartner Rd. Ste. 723 Website: https://buyeragentsearch.com Phone: +1-303-670-0246 Email: KathleenChiras@skyforinc.com
This week's episode with Matt Durrette delves deeper into the essential aspects of a flourishing vacation and short-term rental business!Matt talks about how they serve investors and anyone who wants to get involved in the Airbnb space, its operational and financial side, and more you should know about this investment strategy. Tune in because your support will help us bring more industry experts to this show!Key Points & Relevant TopicsHow Matt learned about real estate investing and short-term rentalsAn efficient tool for Airbnb and short-term rental businessWhat people need to know when hosting or investing in short-term rentalsHow critical location is in a short-term rental businessEducating investors about how Airbnb works and its financial and operational aspectsServices and investment opportunities Cozi Vacation Rentals offers to clients and investorsProtecting a short-term rental business against the risks of state regulationsMatt's advice on how to invest differently in the short-term rental spaceResources & LinksApartment Syndication Due Diligence Checklist for Passive InvestorAbout Matt DurretteMatt Durrette is the Founder and CEO of Cozi Vacation Rentals, a premier, locally owned and operated vacation property management company headquartered in Fredericksburg, Texas. Cozi serves the entire Texas Hill Country and surrounding areas, connecting guests and property owners to the best luxury vacation rentals and experiences this beautiful part of Texas offers. Cozi provides 24/7 property management and marketing services for owners and unforgettable experiences for guests. Originally founding the business out of Baltimore, MD, in 2013, Matt grew his managed portfolio in this market and throughout the East Coast to 150 homes from 2014 to 2019. During the same time, he worked full-time as a Global Business Development Manager for Northrop Grumman and attended grad school at Saint Joseph's University in Philadelphia, where he obtained his MBA in Marketing and Data Analytics in 2018. Matt was fortunate to meet his beautiful wife, Jenna, originally from Austin, Texas. In the summer of 2019, Jenna easily convinced Matt to move back to Texas to be near her family. Upon moving, Matt left his full-time job at Northrop and pursued Cozi Vacation Rentals full-time. In March 2020, COVID ultimately shut down Cozi's East Coast Market. From this point, Matt chose to solely focus Cozi's growth on the drive-to tourism markets of the Texas Hill Country just south of Austin. Since April 2020, Matt has organically grown the Cozi Vacation Rentals unit portfolio in Texas from 0 to 400+ units with a team of over 50 full-time employees. In their free time, Matt and his wife Jenna enjoy spending time with their precious daughter Grayson Virginia, traveling, and rehabbing and remodeling properties. Get in Touch with MattWebsite: https://www.cozivr.com/ Matt's Real Estate Services: https://join.cozivr.com/ LinkedIn: Matt DurretteTo Connect With UsPlease visit our website www.bonavestcapital.com and click here to leave a rating and written review!
The time is NOW to learn about the NAR Settlement. You need to make sure every detail is clear before you begin to buy or sell a property, so read this National Buyers Agents Association report at https://buyeragentsearch.com/nar-settlement-changes-real-estate-commissions-and-services/ for a complete explanation. Skyfor, Inc. dba National Buyers Agents Association City: Evergreen Address: 7652 Gartner Rd. Ste. 723 Website: https://buyeragentsearch.com Phone: +1-303-670-0246 Email: KathleenChiras@skyforinc.com
This episode is focused on tech providing the means to execute the basics, at a high level, for real estate agents, teams, and brokerages. Vijay Gopalswamy, founder and CEO of Traxy, a deal-tracking tool for real estate professionals, shares his story of why he started Trackxi due to a void in the market for a great transaction coordinating platform. Vijay got into real estate as an agent, so he's very familiar with the pain of transaction coordination and that led him to create a solution.Vijay discusses the challenges agents face and how Trackxi aims to simplify transaction management. We also go into some of the trends impacting brokers, as well as touch on AI usage in real estate. Tune in to learn how Trackxi is working to change how agents handle deals and enhance their services.More about Vijay and TrackxiTrackxi is Real Estate's # 1 Deal Tracker, designed for Agents, Teams & Transaction coordinators. Transparency for everyone else. Demonstrate your value to your buyers & sellers, automatically.Essential tool for agents. Designed by a practicing agent team. Simple and elegant user interface packed with powerful features that can truly help your business.Follow Vijay on TwitterConnect with Vijay on LinkedInFollow Trackxi on TwitterCheck out Trackxi
Get subscriber-only episodes and email-exclusive insights at RealEstateTeamOS.com/subscribeIf you're looking for ways to level up your agents and win the second half of the year, you'll love this conversation with a fellow Real Estate Team OS viewer/listener.After building a real estate branch in a corporate banking environment, Jordana Tobel founded Premier Listings in 2015. With plans to triple agent count from 100 to 300, Jordana shares specific ways they're preparing agents to get uncomfortable, create new habits, and generate more listings with a new 90-day listing program.Learn why their agents have been getting signed listing agreements for 5+ years, how the NAR settlement can benefit agents, clients, and the industry, and how she's using an AI training tool (linked up below) to improve agents' conversations with buyers. And hear how the diverse needs of agents led to three levels of leads and accountability for agents to opt into - as well as the nuance they're adding to the highest level of leads and accountability to serve both brand-new agents and deeply experienced agents alike.Listen for Jordana's insight into:- Relentless positivity (without false positivity)- The value prop inspired by her corporate background and REO properties- The three partnership levels she created for agents with varying levels of leads and accountability- The nuance they're adding to the highest level of leads and accountability to serve new agents and experienced agents alike- Tripling agent count and raising standards- Preparing the team for the second half of 2024- Details of their 90-Day Listing Program to improve skills and habits through training and accountability- Getting comfortable on camera- Why their team has been getting signed buyer agreements for more than five years and how the NAR settlement raises their standards … and improves the industry- Improving role play with an AI training toolAt the end, learn why the captain doesn't have to be the best player, the frivolity of self-driving mode, and the importance of consuming content like Real Estate Team OS!Connect with Jordana Tobel and Premier Listings: - https://www.instagram.com/jordanathefloridabroker/- https://www.youtube.com/premierlistings- https://www.joinpremierlistings.com/- https://www.premierlistings.com/Check out the AI-driven training tool:- https://app.7taps.com/bmvQQHJqdgFPLearn more from Real Estate Team OS:- https://www.realestateteamos.com- https://linktr.ee/realestateteamos- https://www.instagram.com/realestateteamos/
"You're talking about the number one creator of wealth and security for people and one of their most important purchases. And like, how is this not in the employee benefits arena?" - Tommy Shumway For the first time ever, a father and son joined the podcast together. Dave and Tommy Shumway, from CityWorth, joined the show to discuss an innovative, yet somewhat obvious, benefit that they've rolled out for employers to offer their employees: down payment assistance. We spend a lot of time on the show covering new point solutions that employers can use to offer better benefits to their employees, but the idea of helping employee's purchase real estate has yet to come up on the show. Dave and Tommy are able to offer this benefit thanks to their ability to operate in several states and their experience with doing these kinds of transactions many times. The approach for employers is simple: offer employers help with their downpayment only after they've worked a set number of years at the company. The benefit is hugely beneficial with encouraging employee loyalty, and as Dave and Tommy shared, homeowners live much more stable lives and are much more productive than renters. Join us this week on Self-Funded with Spencer for a discussion on home ownership as an employee benefit. Chapters: 00:00:00 Introducing The Shumways 00:07:06 Financial Struggles in Entrepreneurship and Resilience 00:15:04 Cityworth's Unique Approach To Real Estate 00:22:32 Real Estate As An Employee Benefit 00:24:32 Why Owning Real Estate Is So Important 00:28:05 Down Payment Assistance Based On Employee Loyalty 00:34:55 Shared Ownership for Non-Married Roommates 00:45:00 The Future Of Real Estate Key Links for Social: @SelfFunded on YouTube for video versions of the podcast and much more - https://www.youtube.com/@SelfFunded Listen on Spotify - https://open.spotify.com/show/1TjmrMrkIj0qSmlwAIevKA?si=068a389925474f02 Listen on Apple Podcasts - https://podcasts.apple.com/us/podcast/self-funded-with-spencer/id1566182286 Follow Spencer on LinkedIn - https://www.linkedin.com/in/spencer-smith-self-funded/ Follow Spencer on Instagram - https://www.instagram.com/selffundedwithspencer/ Key Words: #StartupChallenges #CityworthBusinessModel #RealEstateIndustry #MortgageEmployeeBenefits #HomeBuyingAssistance #EmployeeRetention #PrivatePortals #HomeownershipBenefits #RealEstateInnovation #RealEstateStrategies #RealEstateServices #EmployeeBenefits #selffunded #podcast Startup Challenges, Cityworth Business Model, Real Estate Industry, Mortgage Employee Benefits, Home Buying Assistance, Employee Retention, Private Portals, Homeownership Benefits, Real Estate Innovation, Real Estate Strategies, Real Estate Services, Employee Benefits, self funded, podcast --- Support this podcast: https://podcasters.spotify.com/pod/show/spencer-harlan-smith/support
"You're talking about the number one creator of wealth and security for people and one of their most important purchases. And like, how is this not in the employee benefits arena?" - Tommy Shumway For the first time ever, a father and son joined the podcast together. Dave and Tommy Shumway, from CityWorth, joined the show to discuss an innovative, yet somewhat obvious, benefit that they've rolled out for employers to offer their employees: down payment assistance. We spend a lot of time on the show covering new point solutions that employers can use to offer better benefits to their employees, but the idea of helping employee's purchase real estate has yet to come up on the show. Dave and Tommy are able to offer this benefit thanks to their ability to operate in several states and their experience with doing these kinds of transactions many times. The approach for employers is simple: offer employers help with their downpayment only after they've worked a set number of years at the company. The benefit is hugely beneficial with encouraging employee loyalty, and as Dave and Tommy shared, homeowners live much more stable lives and are much more productive than renters. Join us this week on Self-Funded with Spencer for a discussion on home ownership as an employee benefit. Chapters: 00:00:00 Introducing The Shumways 00:07:06 Financial Struggles in Entrepreneurship and Resilience 00:15:04 Cityworth's Unique Approach To Real Estate 00:22:32 Real Estate As An Employee Benefit 00:24:32 Why Owning Real Estate Is So Important 00:28:05 Down Payment Assistance Based On Employee Loyalty 00:34:55 Shared Ownership for Non-Married Roommates 00:45:00 The Future Of Real Estate Key Links for Social: @SelfFunded on YouTube for video versions of the podcast and much more - https://www.youtube.com/@SelfFunded Listen on Spotify - https://open.spotify.com/show/1TjmrMrkIj0qSmlwAIevKA?si=068a389925474f02 Listen on Apple Podcasts - https://podcasts.apple.com/us/podcast/self-funded-with-spencer/id1566182286 Follow Spencer on LinkedIn - https://www.linkedin.com/in/spencer-smith-self-funded/ Follow Spencer on Instagram - https://www.instagram.com/selffundedwithspencer/ Key Words: #StartupChallenges #CityworthBusinessModel #RealEstateIndustry #MortgageEmployeeBenefits #HomeBuyingAssistance #EmployeeRetention #PrivatePortals #HomeownershipBenefits #RealEstateInnovation #RealEstateStrategies #RealEstateServices #EmployeeBenefits #selffunded #podcast Startup Challenges, Cityworth Business Model, Real Estate Industry, Mortgage Employee Benefits, Home Buying Assistance, Employee Retention, Private Portals, Homeownership Benefits, Real Estate Innovation, Real Estate Strategies, Real Estate Services, Employee Benefits, self funded, podcast --- Support this podcast: https://podcasters.spotify.com/pod/show/spencer-harlan-smith/support
Join host Ben Brady in this enlightening episode of Rethink Real Estate as he sits down with Jeffrey Revoy, a seasoned entrepreneur and innovator across various industries. Jeff's latest venture, Joyst, is set to transform how real estate agents engage with their clients long after the sale is closed. In today's real estate market, the relationship between agents and clients often concludes at the end of a transaction, but Jeff's tool aims to change that. Joyst provides comprehensive home management solutions, including maintenance timelines and essential paperwork, making it easier for agents to maintain contact and continue delivering value throughout the homeownership lifecycle. This proactive approach not only enhances client satisfaction but also boosts agents' potential for repeat and referral business.
Live in Celebration, FL and thinking of selling your home? Then check out Ziro Realty (407-669-9476) for a zero-commission, flat-rate solution. To book your free consultation, visit https://zirorealty.com/sellers Ziro Realty City: Kissimmee Address: 619 Celebration Ave Website: https://zirorealty.com/
Joe Cornwell hosts Ryan Deasey and Mike Doherty from Skytree Investments to discuss their real estate venture, which combines lending, sales, and investment under one roof. They manage over 50 units and focus on providing comprehensive services to streamline the real estate process. The discussion highlights their business model, its benefits, and the synergies of integrating various real estate services. Ryan Deasy and Mike Doherty | Real Estate Background Skytree Investments Portfolio: 5 buildings - 50 units, primarily commercial office space, a couple of residential units Based in: Farmington, CT Say hi to him at: https://www.skytreeinvestments.com https://www.youtube.com/@skysthelimit.podcast, https://www.facebook.com/skytreeinvestments https://www.facebook.com/skysthelimit.podcast https://www.instagram.com/skysthelimit.podcast/ Best Ever Book: The E Myth by Michael E. Gerber Greatest Lesson: Bigger isn't always better. Sponsors: SyndicationAttorneys Baselane InvestHER
TakeawaysThe real estate market in central Minnesota has experienced significant changes in the past six years, with highs and lows and shifts in buyer and seller opportunities.Interest rates have fluctuated, and it's important for buyers to be aware of the current rates and their impact on affordability.Homeownership is seen as a smart investment and a fast road to wealth, with real estate being a major factor in building millionaires.First-time homebuyers should save money and be prepared for closing costs, while those looking to switch houses should have a good understanding of their financial situation and work with a lender.Sauk Rapids and rural areas with acreage and sheds are currently popular spots in central Minnesota.https://www.facebook.com/KrisNelsonPremierRealEstateServices/Experiencing and exploring everything that makes small towns great. Abbey (The Small Town Tourist) sits down with people to share stories about the towns they live in, the cool services they provide, and more. Visit online at https://thesmalltowntourist.com/ and follow on Instagram https://www.instagram.com/thesmalltowntourist/
If you're feeling overwhelmed by the evolving real estate landscape and unsure about how to navigate the changes, then you are not alone! Imagine the frustration of trying to understand new commission structures and feeling left in the dark about the impact of NAR lawsuits. It's time to gain clarity and take control of your real estate journey. Let's explore how to thrive in this changing environment together.In this episode, you will be able to:Discover the evolving real estate commission structures and how to navigate NAR lawsuit changes.Uncover the strategies for successful real estate marketing in changing markets.Explore the benefits of taking on dual roles as a realtor and investor in the real estate industry.Learn the impact of NAR lawsuits on real estate and gain insights for adapting to the changes.Master the art of negotiating realtor commissions in buyer agreements for better outcomes.My special guest is John Marion. John IS an experienced realtor and investor based in Atlanta, has weathered the ups and downs of the real estate market for over a decade. His journey began during the market crash of 2007-2008, where he transitioned from the nonprofit sector to real estate investing. With a strong foothold in fix-and-flips, distressed properties, and representing investors as a licensed realtor, John offers a wealth of knowledge on the industry's nuances. His dual role as an investor and realtor provides a unique vantage point for understanding the evolving landscape of real estate commissions, making him a valuable asset in navigating the impact of NAR lawsuits. John's insights bring a seasoned perspective to the discussion, shedding light on the changing dynamics of real estate.Connect with John at Alpha Dog Capital.Watch the original video HERE!Book a call with Scott HERE!The key moments in this episode are:00:00:02 - Introduction and Lawsuit Overview 00:01:00 - John's Real Estate Journey 00:07:27 - Lawsuit Details 00:10:58 - Impact on Buyers' Agents 00:12:24 - Realtors' Response 00:12:51 - Real Estate Commission Changes 00:13:45 - Impact on Buyers 00:17:07 - Labor Intensity in Real Estate 00:21:12 - Open Houses and Lead Generation 00:24:56 - Disadvantages of Unrepresented Parties 00:25:47 - Misconceptions about realtors and investors 00:26:25 - The value of realtors in real estate transactions 00:27:40 - Importance of investor-friendly realtors 00:29:29 - The impact of market shifts on buyer representation 00:31:12 - The role of MLS and realtor dues 00:38:52 - The Impact of Property Condition 00:39:28 - The Role of Realtors 00:41:59 - Squatter Legislation 00:45:23 - Future of Real Estate Services 00:48:54 - Human Connection in Real Estate 00:51:18 - Connecting with John Marion 00:51:31 - Conclusion and Thank You Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest
The land market in March is certainly not as warm as this winter has been, according to Doug Hensley, the President of Real Estate Services with Hertz Farm Management. See omnystudio.com/listener for privacy information.
Host Chad Hughes welcomes Blandon Granger, Supervisor of Real Estate Services for the Sacramento Municipal Utility District (SMUD), to the show. Blandon has been in the energy industry at SMUD for the past seventeen years and supervises asset management and complex acquisitions. He talks with Chad about the impacts of EV charging and urban development on his role. Blandon explains that SMUD has a “very aggressive” zero carbon plan and by 2030 wants all their energy to be from clean sources. He talks about how SMUD approaches that goal by developing themselves as well as partnering with developers with similar goals. Renewable energy and green initiative projects come with their own challenges that Blandon describes for Chad.Chad and Blandon discuss how the real estate development deals are made, how SMUD is a public agency with an elected board of directors, how the green energy shift comes with decarbonization and the impacts of urban and residential growth on how his department operates. EV charging especially has come with its own challenges and Blandon addresses this and more with Chad in this eye-opening interview. “So, you know, a big concern, I think, anywhere is wiping out [agriculture] lands for these solar projects. Agriculture is a big customer for us. I mean, you know, we've got agricultural customers, it's a part of our heritage in the valley here. I don't think SMUD really wants to be going out there and just decimating significant farmlands and so forth. So the thought is you would bring in compatible type of AG uses. So what we've seen so far is mainly grazing. Sheep are great. They don't bother or destroy the facilities.” - Blandon GrangerAbout Blandon Granger:At SMUD, Blandon Granger manages all real estate activities of the nation's sixth-largest publicly owned electric utility. With an annual budget of $1.6 billion, SMUD is a leader in renewable technologies and developing energy projects. Blandon's group provides services for acquisition, management and disposition of all land rights necessary to operate an electrical utility with generation, transmission, distribution, retail, and administrative facilities. Blandon has also served on the City of Roseville Public Utilities Commission since 2012 and is responsible to the city council for recommendations on policies concerning evaluation, operations, and compliance with state and federal rules and regulations relating to the city's utilities within the city limits. Blandon has achieved the International Right of Way Association's (IRWA) Senior Agent (SR/WA) designation and serves on IRWA's International Electric and Utilities Committee and is the past chair of the Asset Management Committee. ---Chad Hughes | CEO, Entrepreneurial Leader, Author: website |linkedinBlandon Granger | Supervisor of Real Estate Services at SMUD: website | linkedin
Doug Hensley, President of Real Estate Services at Hertz Farm Management, joins us to talk about what's been happening in the farmland market over the last couple years and where he sees land values headed over the next several months.
The Real Estate Mastermind Live is a live podcast turned radio show, created for real estate investors who want to learn directly from top experts in all different asset classes. The Real Estate Mastermind Live is hosted by Seth Gershberg and Jay Tenenbaum of Scottsdale Mortgage Investments, and Edward Brown of Pacific Private Money. In this podcast episode, listeners are joined by Dickie Baldwin of Baldwin Advisory Group. With over 35 years of extensive experience in Real Estate, Dickie has worn various hats, including roles as a realtor, loan originator, mortgage wholesaler, mortgage correspondent, and mortgage warehouse professional. His expertise extends to setting up multiple national mortgage net branching operations, providing him with a unique skill set to guide investors through the diverse opportunities in today's real estate market. Drawing on the foundation of long-term business relationships forged with Service Providers over the years, Dickie Baldwin now extends an exclusive opportunity to investors. Tune in as he shares insights and expertise, leveraging the strength in numbers and knowledge accumulated throughout his remarkable career. In this episode we will dive into some of the following topics:BPO/PCR/Appraisal: Precision in appraisals and pivotal role in client transactions.Title Search: Addressing title issues and influencing client decisions.REO's & Notes: Maximizing returns and insights into distressed properties.RMLO (Residential Mortgage Loan Originator): Navigating regulatory challenges and unique RMLO services.Property Preservation: Strategies for asset value enhancement and addressing challenges.Various Money Lenders: Collaboration with diverse lenders and value addition scenarios.Title & Escrow: Streamlining processes for smooth closings and managing complexities.Collateral Review: Prioritized criteria in collateral review and positive outcomes.Assignment & Recording: Efficient handling to avoid transaction delays and critical instances.Mortgage Servicing: Effective communication and key role in resolving servicing issues.Register to attend The Real Estate Mastermind Live by registering on our website using the link here: https://scottsdalemortgageinvestments.com/podcastLearn more about Scottsdale Mortgage Investments by visiting the website using the link here: https://scottsdalemortgageinvestments.com/Learn more about Pacific Private Money by visiting the website using the link here: https://www.pacificprivatemoney.com/Are you on LinkedIn? Connect with our co-hosts using the links below. Seth Gershberg - Connect on LinkedIn Jay Tenenbaum - Connect on LinkedIn Edward Brown - Connect on LinkedIn
He is Chair of OREA's Trust in Real Estate Services Act Regulations Task Force. He is Broker of Record of Erie's Edge Real Estate. He is a Fellow of the Real Estate Institute (FRI) of Canada, a recipient of OREA's “Cardarelli Legacy Award, and Past President of OREA in 2016. He is also OREA's “REALTOR® in Residence” responding to member questions about TRESA. And he's been at it for 28 years… so he knows what he's talking about when it comes to all things real estate.Joining me on this episode of the Mindshare podcast is Chair of OREA's Trust in Real Estate Services Act Regulations Task Force, and Broker of Record – Realtor Ray Ferris. 4:13 *so when did this all start??7:02 *what kind of changes should we anticipate for 2024?11:38 *what is TRESA, and why has it been implemented?12:58 *do we see this as a benefit to our industry, is it a benefit instead to the homebuyer/seller, is it both?15:12 *what do we need to know about the new mandatory documentation including the Information Guide?21:04 *what do I need to know about “self represented parties”?25:54 *do I still owe them my fiduciary duty?26:36 *is this smart option for buyers/sellers… what about us as Realtors… is this helpful?29:12 *what are the main danger zones I need to know about as a REALTOR when someone chooses the SRP path… what can I absolutely not do?31:51 *what about designated representation, can we break this down further… how does this change the whole multiple representation situation…what do we absolutely need to know?34:53 *who benefits here?39:56 *how does this impact teams?45:32 *first - what do we need to know about the open offer process?52:27 *next - where's the benefit to a buyer/seller by taking this option?57:14 *what advice should we provide our clients about this option1:02:28 *what haven't I asked you about, what haven't we covered yet when it comes to TRESA?1:03:01 *what should I do if I still don't understand or have questions along the way?1:05:38 *how do you know it's been a successful day for you? 1:06:49 *final words of wisdomThanks for tuning in to this episode of The MindShare PodCast with our special guest - Chair of OREA's Trust in Real Estate Services Act Regulations Task Force, and Broker of Record – Realtor Ray Ferris, as we talked about - How TRESA (Trust in Real Estate Services Act) Impacts You.Get your FREE gift on my homepage at www.mindshare101.com just for tuning in!I'd also be really grateful if you could take a quick second to go www.ratethispodcast.com/mindshare101 to rate the show for me.And we haven't connected yet, send me a message!Facebook: facebook.com/mindshare101 Instagram: instagram.com/davidgreenspan101Youtube: youtube.com/@DavidGreenspanLinkedin: linkedin.com/in/mindshare101
Jason Zwelling from Howard hanna Real Estate Services talks about what agents need to do to better serve the clients and improve the real estate experience. --- Support this podcast: https://podcasters.spotify.com/pod/show/jason-zwelling/support
On today's episode, HW Media CEO Clayton Collins speaks with OPX-America founder and partner Henry Santos. Henry has served as the global director of Housing Finance and Real Estate Services at Infosys, the head of Housing Finance and Lending Solutions at IBM and has also had roles at Fidelity National Information Systems, Capco, and Accenture. He is joining us this week with a particularly unique perspective of diverse sectors of the economy, from athletics, higher education, manufacturing, banking, and, currently, housing financial services. In today's episode, he talks to Clayton about building global workforces, the struggle of old architecture in mortgage manufacturing, and how using AI-powered solutions could be the key to industry evolution. Related to this episode:Connect with Henry on LinkedInOPX-AmericaHousingWire on YouTubeEnjoy the episode!The Housing News podcast explores the most critical topics in mortgage, real estate and fintech. A new mortgage or real estate executive joins the show each week to add perspective to the top stories crossing HousingWire's news desk. Hosted by Clayton Collins and produced by the HW Media team.
Can You Hold An Open House For An Agent From Another Brokerage? - Ep 207 On this episode of the Real Estate Fight Club, Jennifer and Jim Camarata talk about “Can You Hold An Open House For An Agent From Another Brokerage?” Jim talks about the code of ethics violation and how it's related to this question! Tune in and find out! Episode Highlights: Jim says that you are not allowed to hold open houses for an agent from another brokerage in the state of Minnesota It is part of the code of ethics. 12 dash 5 says “Realtors shall not advertise nor permit any person employed by or affiliated with them to advertise Real Estate Services or listed property in any medium without disclosing the name of that Realtors firm in a reasonable and readily apparent manner, either in the advertisement or any electronic advertising via a link to a display with all required disclosures.” It's misleading to have agents of different brokerages show a house. Jennifer says it's confusing because you can still advertise a listing from an agent from another brokerage, given that you give the right credits. She exclaims that it makes no sense to have this limitation of cooperation. If we can show another person's listings in multiple ways, how is the open house different? Jim simply says that it's written in the law. The seven-step guide to doing an open house 3 Key Points: Jim says that you are not allowed to hold open houses for an agent from another brokerage in the state of Minnesota. It is part of the code of ethics. It's misleading to have agents of different brokerages show a house. Realtors are not allowed to advertise real estate services or listed property in any medium without disclosing the name of the realtor's firm. Tweetable Quotes: “What is going on who's eXp and who's Keller Williams, who really has this authority to hold his property open?” - Jim Camarata “It makes no sense to have this limitation of cooperation.” - Jennifer Murtland Resources Mentioned: Jenn Murtland LinkedIn | Facebook | (513) 400-1691 | Website | Instagram https://jennifermurtland.com/Vault/ Monica Weakley website | LinkedIn | Facebook Real Estate Fight Club Podcast Facebook page | Instagram | YouTube 7 step guide to holding an open house - Text 7 to 513-400-1691 Jimcamarata@kw.com / Jim Camarata 612-562-7461 / Thank You To Our Incredible Sponsor Partners (Get Great Discounts with these links) Ghostpostr - https://www.ghostpostr.com/ (Get It For FREE!) Pipeline Pro Tools - https://pipelineprotools.com/fightclub/ RedX - https://www.theredx.com/fight-club/ Achosa - https://www.achosahw.com/ (Use the Code FightClub)
Commercial development in Ft. Worth, Texas, is gaining momentum with a surge of projects. One company leading that charge is CHC Development, headed by co-owners Rory and Rian Maguire. This development has sparked a conversation on the shifting dynamics of the real estate industry, particularly in the medical office space and mixed-use property sectors. Since Fort Worth ranks No. 4 as the hottest market for real estate development in the last decade, this trend will positively impact the broader economic landscape, especially post-pandemic recovery efforts.What does this rapid commercial development in Ft. Worth mean for the future, and how does CHC Development's approach provide insights into the current real estate industry trends?On this episode of Weaver: Beyond the Numbers Location3 podcast, hosts Howard Altshuler, Partner-in-Charge, Real Estate Services, at Weaver, and Aaron Grisz, Partner, Tax Services, at Weaver, delve into real estate development in the Ft. Worth area with Rory and Rian Maguire of CHC Development. This discussion touches on their current projects, the history of their company, and the evolving landscape of Ft. Worth, Texas.Highlights from their conversation include the following:• A detailed journey of Rory and Rian Maguire, from their early interest in real estate development to the establishment of CHC Development• CHC Development's unique focus on ‘retail doctors,' - medical practitioners who prefer visibility and proximity to neighborhoods over proximity to hospitals• The company's shift towards redevelopment and mixed-use property projects and the challenges faced due to increasing construction costs and stagnant rentsRory and Rian Maguire, identical twins, are the co-owners of CHC Development. The duo grew up in Denton, Texas, and pursued different career paths before coming together to establish CHC Development. Rory has a business degree and gained extensive financial expertise in private equity. At the same time, Rian, a civil engineer by training, honed his skills in the construction side of the business. Together, they have brought complementary skills, leading CHC Development's successful journey in the real estate industry.
In this episode of Location Cubed, host Rob Nowak, a Tax Partner with Weaver, sat down with Howard Altshuler, Weaver's Partner-in-Charge of Real Estate Services. The two discussed the impact of the supply chain on the recent spike in residential home prices.Pre-covid, everything was moving along fairly smoothly for the supply chain; however, COVID-19 brought restrictions, lockdowns, and people hoarding things. “It kind of started to gum up the supply chain,” Altshuler said. “Traffic internationally started slowing down, and it's almost like it comes to a stop, and then it takes a while to start up.”According to statistics, if you were to shut down the supply chain for a year, it takes about three to five years to set it back up to full capacity from both a production and logistics standpoint. “That's a lot of what we are dealing with from a standpoint of materials in any type of stuff,” Altshuler said.Not surprisingly, this relates to the recent spike in residential home prices. “Building material prices are way higher if you can get them. That's obviously turning into higher home prices,” Altshuler said. Demand is the second component of this. Months of inventory fell to 1.4 months as active listings remained retracted while demands skyrocket, according to data from A&M's Texas Real Estate Research Center.The two discussed alternatives to homeownership, including the build-to-rent model being a remedy for the home supply shortages and the sustainability of positive growth rates in non-metro areas compared to negative rates for metro areas as remote work persists.
The boom in Self-storage properties over the past decade makes it one of the more intriguing investment opportunities in the real estate market. During the last ten years, the construction of self-storage facilities rose a staggering 926 percent, reflecting a relentless accumulation of personal belongings and the continuous transformation of the real estate landscape. Occupancy rates at self-storage properties are high; as consumers increasingly lean into minimalistic living and downsize their homes, the need for external storage spaces continues to rise, resulting in a boom in the self-storage property market and a trend towards consolidation within the industry.The fundamental question is: why are self-storage properties such an attractive investment now, and what does this mean for the future of the real estate sector?On Weaver: Beyond the Numbers, Location3, co-hosts Howard Altshuler, Partner-in-Charge, Real Estate Services, at Weaver, and Aaron Grisz, Partner, Tax Services, at Weaver, take inside this captivating world of self-storage property, discussing its surge the factors influencing its attractiveness, and its potential evolution.The conversation in this episode revolves around three major points:• The trend of consolidation in the self-storage industry, emphasized by recent significant mergers and acquisitions• The factors contributing to the popularity of self-storage properties, including the lower capital outlay, a consistent demand leading to growing rental rates, and the relative ease of maintenance• The growing interest in industrial outdoor storage, its challenges, and potential, especially in the context of last-mile distribution centersThis episode shines a light on the self-storage property market and explores how this shift may impact other aspects of the real estate sector and what people can anticipate moving forward. Howard Altshuler is the Partner-in-Charge of Real Estate Services at Weaver. He is a renowned figure in the industry with vast experience managing various real estate and construction projects. Aaron Grisz is a Partner in Tax Services at Weaver. Grisz's deep knowledge of the real estate tax landscape and expertise provide valuable insights into the financial aspects of the industry, from tax implications to cost management. Together, Altshuler and Grisz dissect and discuss the ins and outs of the real estate industry, providing their audience with a well-rounded understanding of various topics.
On Weaver: Beyond the Numbers, Location Cubed, co-hosts Howard Altshuler, partner-in-charge, Real Estate Services, and Aaron Grisz, partner, Tax Services, take the audience inside the world of self-storage property, discussing its surge, the factors influencing its attractiveness and its potential evolution.Key Points:· The trend of consolidation in the self-storage industry, emphasized by recent significant mergers and acquisitions· The factors contributing to the popularity of self-storage properties, including the lower capital outlay, a consistent demand leading to growing rental rates and the relative ease of maintenance· The growing interest in industrial outdoor storage, its challenges and potential, especially in the context of last-mile distribution centersThe boom in self-storage properties over the past decade makes it one of the more intriguing investment opportunities in the real estate market. During the last ten years, the construction of self-storage facilities rose a staggering 926 percent, reflecting a relentless accumulation of personal belongings and the continuous transformation of the real estate landscape. Occupancy rates at self-storage properties are high as consumers increasingly lean into minimalistic living and downsize their homes. As a result, we are experiencing a boom in the self-storage property market and a trend toward consolidation within the industry.The fundamental question is: why are self-storage properties such an attractive investment now, and what does this mean for the future of the real estate sector?Real people. Real talk. Real Estate. Location Cubed digs into the real estate industry and offers listeners market insights, economic impacts and regional predictions. In each episode, hosts Howard Altshuler and Aaron Grisz engage in conversations with industry leaders and offer thoughts on the current trends and developments of the ever-evolving real estate industry.Subscribe and listen to future episodes of Location Cubed on Apple Podcasts or Spotify.©️2023
How Zillow Group is thinking about AI and the future of real estate
(0:00) Opening(0:16) Introducing Maggie Hatfield-Hartley, VP of Real Estate Services at Haliburton(1:34) Haliburton's real estate portfolio(5:04) Haliburton's process and strategy(20:29) How Haliburton structures its real estate transactions(27:15) Why knowing your numbers is important(35:54) Maggie's most challenging real estate project(43:03) Tips for new real estate directors(47:26) Leveraging brokers and other vendors as partners(52:30) Office space and remote work(58:41) The most challenging part of Maggie's job(1:00:06)What makes a great director of real estate(1:00:46) Some final advice and thoughts from Maggie(1:08:58) ClosingTo learn more about the podcast, please visit www.thecreinsider.com or email podcast@thecreinsider.com to get in touch with us directly.
This week, we (sans Trent as he had a work assignment in Florida) caught up with one of Barrett's friends, Ben McCarter and his wife and business partner, Elizabeth to talk about one of the great local business that provide the service of buying and selling homes and property; Mac's Real Estate Services. We talked about Real Estate and got to hear some interesting stories about some unique properties and clients. A fun episode to be sure.And if you're thinking about selling or purchasing a home in the Midlands of South Carolina, Mac's Real Estate should be at the top of your list to represent you.Thanks to Ben and Elizabeth McCarter for their time. Mac's Real Estate Services | TikTokMac's Real Estate Services | YouTubeMac's Real Estate Services | InstagramMac's Real Estate Services | LinkedInMac's Real Estate Services | TwitterMac's Real Estate Services | FacebookMac's Real Estate Services Inc.Soda City Comic Con Columbia SC | TicketsColumbia Fireflies | MiLB.comJohn Kocsis, Jr. | "Play-by-Play from the Minors: Profiles of Baseball Broadcasters from Scranton to Yakima"John Kocsis, Jr. TwitterThe All About Nothing: Podcast is proud to support the 2023 Soda City Comic Con!The Premier Pop Culture Experience in South Carolina!Join thousands of fans as they descend upon the Columbia Metropolitan Convention Center (1101 Lincoln Street, Columbia SC 29201) for two full days of fun, fandom, games and more!The 2023 Soda City Comic Con is proud to host award winning actors Sean Astin and Christina Ricci, as well as 90's heartthrob Vanessa Angel. Plus voice actors from your favorite anime shows, such as My Hero Academia, One Piece, Attack on Titan, Demon Slayer and many, many more!The 2023 Soda City Comic Con takes place August 19th & 20th!For details visit the 2023 Soda City Comic Con Website.For ticket information and purchasing, click here!Hey! Thanks for checking the show notes! Visit our LinkTree and subscribe!The All About Nothing: Podcast is produced and engineered by Barrett Gruber.When the show is recorded live in studio, it's recorded from the Podcast Studio at G.O.T Sounds Studio in Lexington South Carolina; owned and operated by Nique The Geek. Special thanks to Cake for the intro...
Miguel Castro is the CEO of Castro Real Estate Services. Miguel is originally from Honduras and traveled with his family to the US around the age of 11 years old. Something that consumed him from a young age was sports. Football, basketball, wrestling, soccer, he played them all vs watching them on TV. His love for soccer almost had him going to try out for the 1995 World Cup in California but fate had other plans. Along the route to CA, he stopped in Baton Rouge to visit with his brother and met the girl of his dreams. Now, years later together they run Castro Real Estate, Miguel running the Commercial side and his wife, Candice, running the Residential side of the business.—-“If you have a dream, just go for it, no matter what.”- Miguel Castro—-Subscribe to hear more stories from Engaging Entrepreneurswww.youtube.com/channel/UCaeun0KRdkcmohnRYnDNr5AMiguel Castro Timestamps:0:00 HookFollow Us On Social!Facebook: https://www.facebook.com/TheNXTEntrepreneurInstagram: https://www.instagram.com/thenxtentrepreneurLinkedIn: https://www.linkedin.com/company/the-nxt-entrepreneurNXT #116 is Sponsored byCastro Real Estate Services: https://www.latter-blum.com/Turn Key Solutions: www.tks.la/NXTMBD Automation: https://www.mbdautomation.com/Pivotal, LLC: https://www.pivotalperforms.com/MFB Firm: https://mfbfirm.com/Season 3 of NXT is Proudly Presented by b1 BANKwww.b1bank.com/The NXT Entrepreneur is Produced by Propel Production Studiowww.propelyourstory.com/BioThe NXT Entrepreneur Podcast shares the stories of an entrepreneur's journey and the lessons learned from the successes as well as the failures. We want to share all of the stories from the rejections to the huge wins, the long hours, and the ultimate payoff. The journey is many times dramatic, sometimes unbelievable but always fascinating. It's all about the stories; pull up a chair and listen.
As the country continues to grapple with things like unstable geopolitical issues, record-high inflation and rising interest rates, the real estate landscape is undergoing seismic shifts. Investors and professionals are vying for insights to predict market movements and drive sustainable investment strategies. Experts, like those at JP Morgan, note that a mild to moderate recession is underway, and it could take years, not months, to recover.Amidst this evolving landscape, one question emerges: "How is the future of real estate being shaped, and who are the trailblazers spearheading this transformation?"In this episode of Weaver: Beyond the Numbers, podcast hosts Howard Altshuler, Partner-in-charge of Real Estate Services at Weaver, and Aaron Grisz, Real Estate Tax Leader at Weaver, delve into this question with guest Elizabeth Trochez, Senior Manager at Weaver. They discuss Elizabeth's experiences, her insights into the real estate market, and her innovative strategies on real estate audits.Key points from the episode:Elizabeth Trochez's journey in public accounting and real estate audits, and her recent graduation from the Urbanland Institute Center for Leadership Program.An in-depth look at the East Lancaster project, a case study in strategizing for real estate development while considering the city's plans for future growth.How Elizabeth's experiences in the CFL program have prepared her for leadership in the real estate industry.Elizabeth Trochez, a native of East Texas, is a Senior Manager at Weaver. With her primary focus on real estate audits, she has made significant strides in her career. Elizabeth has recently graduated from the esteemed Urbanland Institute Center for Leadership Program, further equipping her with the skills to make impactful contributions to the real estate industry.
Specialty Cannabis & Prop Tech Real Estate Services w/ Bryan McLaren of Zoned Properties - BRT S04 EP22 (185) 6-4-2023 What We Learned This Week Zoned Properties specializes in Cannabis related Real Estate There is High consumer demand for cannabis, it exists already, do not need to create it Cannabis dispensaries are in the retail asset class of real estate. Also called - Direct to Consumer real estate. Many of the past myths & propaganda about Cannabis on crime and other societal issues were wrong. Property values never went down. Cannabis is a $50-$70 billion projected sales industry, w/ a $200 billion Economic Impact Zoned Properties Tech Division and SaaS software may be the biggest part of the company in the future Guest: Bryan McLaren, Chairman & CEO of Zoned Properties https://zonedproperties.com/about-zoned-properties/ https://www.linkedin.com/in/bryanmclaren/ Bryan McLaren is Chairman and CEO of publicly traded Zoned Properties (ZDPY). As a certified and licensed realtor, Green Roof Professional, LEED Green Associate, and former City Sustainability Commissioner, Bryan has navigated state regulatory programs for cannabis commercial real estate in over ten markets for over 100 development projects. Zoned Properties®, Inc. (OTCQB: ZDPY), a strategic real estate development firm whose primary mission is to provide real estate and sustainability services for the regulated cannabis industry, positioning the company for property acquisitions and revenue growth. They recently announced the market launch of its partnership with dispensary retail franchisor (The Open Dør). Zoned Properties invests in OpenDor with franchise model in cannabis using inspiration from McDonald's as an example & model. PropTech (or Property Technology) is a term used to define the real estate startups that are offering new innovative technologies and ideas built to re-imagine the core processes and business models of the traditional property management and real estate vertical through digital transformation. Real Estate can become more efficient and scale faster for growth. Lots of rules and regulations to regular real estate zoning, gets trickier with Sinn type industries – alcohol, cannabis, cigarettes, etc. cannabis business cannot just setup shop anywhere like a Starbucks. Rules dictate cannot put the business near a school, or a church. Legalization has also adjusted what hours the store is open while also stabilizing the overall industry – better tenant with growing business. Cannabis will be a $50 to $100 billion client in commercial real estate in the next few years. Notes: Zoned Properties has multiple divisions for real estate services, like rental, investment and techs. They have an investment side where they have purchased properties to rent out. For Cannabis clients they could be both a realtor and a landlord. They do not do commercial loans. They have protections if a renter defaults on their lease. This can include a landlord lien or a UCC on equipment, and 3rd-party proxy rights like bankruptcy receivership as an example. Cannabis dispensaries are in the retail asset class of real estate. Also called - direct to consumer real estate. Seg 1 Zoned Properties has been around for 10 years specializing in cannabis properties which is a highly regulated and specialized industry. Cannabis is legal in 38 states. Zoning is very specific on where cannabis can setup shop. Zoned is a public company with investors. The investor pitch for cannabis is pretty straightforward, as there is high consumer demand for the product. Real estate is a tangible asset class with a hard value. Zoned only purchases real estate in an industry, with increasing consumer demand. Bryan has a background in sustainability, and environmental projects and also zoning. The goal of any real estate project is to see how it can help the community prosper. Legacy in the Cannabis industry is for medicinal demand and cultural use. They do not have to create demand as it exists already. Numerous cannabis studies on the medical side helping people with pain and other elements. Many of the past myths and propaganda about Cannabis talking about crime and other societal issues were wrong. Property values never went down. Cannabis is a $50-$70 billion project and gross sales over the next decade. Also a $200 billion economic industry impact, along the lines of the alcohol industry. Strong economic value overall. Seg 2 You always want to determine the highest and best use of the real estate property. An example would be in a good climate area, you would want farmland. In a dense city area it could be apartments or office space. Cannabis dispensaries is in the direct to consumer real estate. You could convert a previous property that might've been a bank or a restaurant into a dispensary. The commercial real estate industry has a market value of $16 trillion, with 1.5 trillion being industrial use. Cannabis properties that do cultivation or greenhouses are considered industrial. Different classes of assets in real estate. Cultivation or distribution would be considered industrial while a dispensary is considered retail. Demand previously had outweighed supply and cannabis, but now there is more supply. Storage space needs to be improved. Office space is on the commercial real estate side. Commercial retail real estate would involve the sale of a product ‘in person' to a consumer at a retail site, or direct to consumer. It's been a commoditization of the industry. Conversion of open real estate to better trends, will raise the value by getting the highest and best use. Seg 3 Bryan‘s background is in community planning, office and zoning. Like City project to figure out where it's best to put a sports arena, highway access or where would restaurants or schools be located. Where should a cannabis site go? Cannabis is an emerging industry that is highly regulated and considered specific use in the real estate sector. Zoned helps clients with site identification, permits and building set up. Zoned Properties also has an investment division that invest and owns properties. They have a technology division which they call Prop Tech for property technology, to increase efficiency of a property. They can do predictive studies of where the next zoning project will go. 38 states have legalized Cannabis with Kentucky in 2023 and Minnesota soon after. It's been a shift in society since Covid, as less people in the office. So you have to figure out how to convert that real estate. An example from the past would be Blockbuster. They owned so many stores, who do you sell those buildings to when an industry craters? Cannabis has premiums on rental rates. Green zone analysis - where can you put a Cannabis store. Zoned calls it their product re-zone. AI technology at Zoned which can identify properties that could be used for cannabis locations, and have the best coding. SUP or special use permit to change zoning. An area might need to be rezoned to see to zoning for cannabis. The biggest value loss in trying to get a property is time. Because of regulations it takes longer in Cannabis to get permits, upwards of 6 to 9 months. That is a long holding period for investors and entrepreneurs. Seg 4 Zoned Properties is public company for eight years now, corporation, stock ticker ZDPY. They are non-plant touching company, ancillary company to Cannabis. They do not own any Cannabis businesses or take profits from any Cannabis ventures. Zoned gets fees from providing real estate or advisory services or rental revenue. Chief legal attorney is Dan Gauthier who handles contracts and regulations as well as national brokerage. National cannabis event takes place in Las Vegas. There's a big barrier to entry in cannabis with all the regulations and investment needed. Four divisions of Zoned Properties are: property tech, advisory, services like brokerage, and investment Currently they have 5 state offices with expansion of 5 more. Investors want upside so they like the cannabis industry, and getting in early. Cannabis is in a consolidation phrase, lots of M&A the last 5 years. Risk mitigation that Zoned provides is they have the tangible assets of the real estate. This gives downside protection to investors. Equipment and real estate are the best security and collateral for loans. Biggest opportunity in Cannabis - follow the trends of consumers. The tech side could be the biggest opportunity for Zoned Properties. Working on a SaaS or DasS product. $200 billion of economic impact. 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Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… BRT Podcast Home Page: https://brt-show.libsyn.com/ ‘Best Of' BRT Podcast: Click Here BRT Podcast on Google: Click Here BRT Podcast on Spotify: Click Here More Info: https://www.economicknight.com/podcast-brt-home/ KFNX Info: https://1100kfnx.com/weekend-featured-shows/ Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
If you're in the market to sell your Pittsburgh home, make sure you're not giving away your profits! Traditional real estate agents charge you commissions of between 6 & 7%. 1 Percent Lists Metro PGH (412-561-9182) charges only a 1% listing fee! More at https://1-percent-lists-metro-pgh.business.site 1 Percent Lists Metro PGH 517 East Main Street, Carnegie, Pennsylvania 15106, United States Website https://1percentlistsmetropgh.com/ Phone +1-412-561-9182 Email metropgh@1percentlists.com
Are you tired of the hassles that come with leasing your property? Let Sunroom Leasing provide the perfect solution for all your leasing needs in one convenient location. In this episode, Cody Frank joins Brad to explain how Sunroom Leasing streamlines the process, taking you effortlessly from listing to move-in. See how Sunroom Leasing can help you with a free demo! Connect with Brad's team at www.rentwerx.com! This podcast is produced by Two Brothers Creative 2023.
The trend of converting commercial buildings, including offices, into residential buildings has been around for some time. However, with the increase in remote work, many home offices are replacing commercial office spaces as places to work. About 998 million square feet of office real estate across the United States is available but in search of tenants. In some cases, innovators are transforming office space that is not being used for its intended purpose into apartments and other residential spaces. But is this conversion sustainable? Does the estimated profit match the high cost of conversion?On today's episode of the Location Cubed podcast, Aaron Grisz, CPA, Real Estate Tax Partner at Weaver, speaks with Howard Altshuler, Partner-in-Charge of Real Estate Services at Weaver, to discuss the benefits and drawbacks of the conversion from commercial to residential buildings.. Aaron Grisz and Howard Altshuler discussed:1. The recent increase in the conversion of commercial buildings to residential ones2. Whether the cost of conversion is worth the benefit3. The role for local govenments4. What the future holds for this type of activity“Commercial to residential renovations are not a new concept in the real estate industry. Renovating these buildings can be expensive, and the process is usually taken on by companies looking to make a statement or create a unique property. Housing will always remain a need, but the major challenge will be financing. However, the government can play a crucial role in financing these projects,” explained Altshuler.Aaron Grisz, CPA, has more than ten years of public accounting experience providing proactive tax consulting and planning services to businesses across multiple industries with a concentration in real estate, manufacturing, and distribution. He focuses on complex real estate transactions, flow-through entity taxation, corporate taxation, and ASC 740. Aaron is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants (AICPA) and Texas Society of CPAs (TXCPA). He earned a master's degree in accountancy and a Bachelor of Business Administration degree from Texas Christian University.Howard Altshuler is the Partner-in-Charge of Real Estate Services at Weaver. He has over 30 years of public accounting experience with a focus on real estate and real estate – related clients. He received a BBA in Accounting degree from the University of Houston, C.T. Bauer College of Business. Altshuler is a Certified Public Accountant.
Out of the gate, Austin Carroll opened both a real estate development and sales business. Learn how each business complements and drives the other, and how Austin uses first-time buyers seminars as a powerful strategy to drive success in many aspects of his business. ----------- Visit www.builthow.com to sign up for our next live or virtual event. Part of the Win Make Give Podcast Network
This is lead generation by calling businesses of all sizes including corporations, small businesses, startups, sole proprietors and more. You are calling on businesses to offer real estate as a service through your business advantage program. The only requirements are:Must have a marketing flier to send to businesses.Must have a partner relationship with the lender.Must have a presentation prepared for an in-person meeting.The intention is to call on businesses to set an appointment to discuss offering real estate services through your Business Advantage program.Join us on this exciting journey through the world of Real Estate Scripts. We're all about embracing the learning process and growing together. If you've enjoyed our podcast, consider leaving a five-star review to support us in reaching even more listeners. Interested in practicing with us and being part of the show? Explore a 30-day free trial at realestatescriptspractice.com and become a contributor to our community. Thanks for being a part of this fantastic journey!Real Estate Education with The CE Shop The CE Shop offers online real estate licensing and continuing education for real estate agents.Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the showJoin Us Online Website: https://realestatescriptspractice.com/ Join Free on Slack: https://realestatescriptspractice.com/slack Facebook: https://www.facebook.com/groups/realestatescriptspodcast/ Apple: https://realestatescriptspractice.com/apple-podcast Spotify: https://realestatescriptspractice.com/spotify Licensing and Continued Education The CE Shop: https://realestatescriptspractice.com/ceshop ------------This podcast is for the purpose of education only and it does not make any guarantees. We suggest you seek the help and/or advise from your broker, coach, mentor, office manager, attorney and/or financial advisor. Brought to you by Darren Tunstall, a licensed real estate agent , DRE #01853445. This podcast is independent of Darrens affiliation with Keller Williams Realty and any REALTOR® associations. The goal is to provide you with valuable information, insights and practical tools.Music by ...
Today on the Moving Up Podcast we welcome Julie Norfleet. Julie considers herself an “almost native” Nashvillian, having lived in the Nashville area for 40 years. Julie grew up in Franklin, TN and is a graduate of Father Ryan High School. Her experience with the Nashville Real Estate market provides a unique and compassionate approach to all aspects of her clients' transactions. Julie and her family can't imagine living anywhere else and Julie strives for all of her clients to live out The Wilson Group motto – LOVE WHERE YOU LIVE. Let's Connect: Instagram: instagram.com/movinguppodcast/ Facebook: facebook.com/TheWilsonGroupRealEstate podcast@wilsongrouprealestate.com Learn about Studio Bank: studiobank.com Learn about ATA Certified Public Accountants & Business Advisors: atacpa.net David Hart, dhart@atacpa.net Questions for Christie and Heather? Email us podcast@wilsongrouprealestate.com
The U.S. is starting to see a shift in its population numbers, with some states seeing drops as the population in other states increases. Texas is among several states that has seen a rise in population growth. This is creating some concerns at the state and other levels.How has population growth impacted the economy of Texas?In this episode of Location Cubed, hosts Howard Altshuler, Partner-in-Charge, Real Estate Services and Partner at Weaver, and Rob Nowak, Partner tax services, talked about how recent population and demographic changes are affecting real estate and other parts of the Texas economy.Altshuler and Nowak talked about …1. Why some states are losing population2. Where new migrants and transplants are going3. How it's affecting housing markets, specifically among potential young buyers“Generally, in California, Illinois, and New York, housing prices have historically been higher. So people are selling their house and coming to Texas and thinking, ‘Wow. I can buy a lot more… this is a great deal!” That's driving up prices. But, unfortunately, what you end up with is people coming in and buying up houses that are maybe closer in. This drives up prices in what, from an affordability standpoint, you would call second ring neighborhoods. For younger potential buyers, a market that has been tight to begin with nationally is getting even crazier,” said Altshuler.
There are labor shortages in a variety of industries—especially manufacturing. The National Association of Manufacturers predicts there may be a gap of 2.1 million workers amounting to one trillion dollars by 2030. Clearly, something is stirring in the manufacturing industry economy. But what is the forecast for the immediate future?On today's episode of Location3, a Weaver: Beyond the Numbers podcast, Hosts Howard Altshuler, Partner-in-Charge of Real Estate Services, and Rob Nowak, Partner in Tax Services at Weaver, are joined by partners Colby Horn, Partner-in-Charge of Manufacturing, Distribution, and Retail Services at Weaver and Jody Allred, Partner-in-Charge of Manufacturing, Distribution, and Retail Services at Weaver, to talk about their new podcast launch and trends impacting warehouse space and leasing.Altshuler, Nowak, Horn, and Allred also talked about…1. Horn and Allred's impending launch of the On the Shop Floor manufacturing podcast series 2. Vacancies increased in the second half of 2022, indicating a softening in the leasing market3. The outlook for the manufacturing market's economy in 2023 Horn explained why warehousing space was at a premium due to the pandemic. “Obviously, during COVID, people weren't able to attend concerts, sports events and other activities. Their spending shifted to more to tangible things like buying clothes or furniture. That switch definitely created stress on the supply chain. It's been forcing a lot of our clients or people in our industry to over purchase, and with that over purchasing, warehouse space is at a premium.” However, that premium is eroding with vacancies up across the warehouse leasing market.The slowdown in activity is not affecting the market at the same rate or velocity. Allred provided some projections on what is in store for the manufacturing economy based on recent surveys. “I think what we're seeing depends on geography, it depends on what industry within manufacturing distribution retail you're in.”What the market is really telling us is that uncertainty has returned and we all hope for a soft landing recession but need to continue contingency planning that will allow for nimble market response.Colby Horn is Partner-in-Charge of Manufacturing, Distribution, and Retail Services at Weaver and has more than 17 years of experience in auditing, accounting, and consulting. Colby's practice emphasis has been focused on providing financial statement attestation for both non-public and public clients, employee benefit plan audits, as well as advising clients in all aspects of mergers, acquisitions, divestitures and due diligence activities. He attended the University of North Texas, where he earned a BS in Accounting. Jody Allred is Partner-in-Charge of Manufacturing, Distribution, and Retail Services at Weaver and has more than 20 years of experience in public accounting, a deep background in both financial statement audit and advisory services, and a passion for client service. His current professional emphasis is on internal audit (both outsourced and co-sourced), enterprise risk management, Sarbanes-Oxley (SOX) compliance, business process improvement consulting, joint interest auditing, and accounting standard adoption consulting. Jody holds a BA and MA in Accounting from Abilene Christian University. Jody specializes in governance, risk, and compliance management for various sectors such as manufacturing, distribution, oil and gas, and construction.
"Middle Ground with JLE L.L.C." Podcast "Where We Treat You Like Family" welcomes Broker-Owner at Virtual Real Estate Services, LLC Colette Hughes as she shares her 25 years of experience of what trends to look for in the industry and the role a broker has to make sure her agents are licensed and compliant to state laws to better help their clients.
In this Episode Jay sits down with is another realtor friend Tyrone Johnson from Easy Day Realty. This episode is filled with lots of nuggets on how to persevere through hard times as a real estate investor. Tyrone and Jay share their thoughts on wholesale real estate and whether it's the best route for anyone jumping into Real Estate. Want to get more information on this episode and stay connected with JTA Realtors. Follow us @jtarealtors on instagram. #JTAREALTORS --- Send in a voice message: https://anchor.fm/jtapodcasts/message
This week, Alexis gets non-technical with Amber Illig, General Partner at The Council. They talk about non-toxic ordering, CPK (Cauliflower Pizza Kitchen), forks up and knives DOWN, cute emergencies, and Bucatini (not the pasta).You can find Amber on Twitter at https://twitter.com/AmberIllig. You can find Alexis at twitter.com/yayalexisgay, instagram.com/yayalexisgay, tiktok.com/@yayalexisgay or sign up for her email list at bit.ly/hellofromalexis.Find Non-Technical at twitter.com/NonTechnicalPod, instagram.com/nontechnicalpod, or tiktok.com/@nontechnicalpod.--This episode is sponsored by Acrisure, a Fintech and global leader in Insurance, Real Estate Services, Cyber Services, Asset & Wealth Management and more. Acrisure combines human and high-tech to help businesses and people grow and protect what they worked so hard to build. And they are no stranger to growth either – increasing revenue by 100x in less than a decade and operating as the 6th largest insurance broker in the world. Sounds interesting? Go to www.acrisure.com to request a quote or find a solution.
This week, Alexis gets non-technical with Shannon Fiedler, Writer, Comedian, Content Creator, and Actress. They talk about is-it-cake disease, unmistakable only child energy, being a seven-year-old hopeless romantic, ice cold betrayal, and Rudolph the red-nosed Maid of Honor.You can find Shannon on Instagram at instagram.com/shannonfiedler13. You can find Alexis at twitter.com/yayalexisgay, instagram.com/yayalexisgay, tiktok.com/@yayalexisgay or sign up for her email list at bit.ly/hellofromalexis.Find Non-Technical at twitter.com/NonTechnicalPod, instagram.com/nontechnicalpod, or tiktok.com/@nontechnicalpod.This episode is sponsored by Acrisure, a Fintech and global leader in Insurance, Real Estate Services, Cyber Services, Asset & Wealth Management and more. Acrisure combines human and high-tech to help businesses and people grow and protect what they worked so hard to build. And they are no stranger to growth either – increasing revenue by 100x in less than a decade and operating as the 6th largest insurance broker in the world. Sounds interesting? Go to www.acrisure.com to request a quote or find a solution.
This week, Alexis gets non-technical with Laura Behrens Wu, Founder and CEO of Shippo. They talk about Winston Churchill, utilitarian knitting, filthy hobbits!!, roller skate swag, and the next big YouTube star (you'll never guess who it is). You can find Laura on Twitter at twitter.com/LauraBehrensWu. You can find Alexis at twitter.com/yayalexisgay, instagram.com/yayalexisgay, tiktok.com/@yayalexisgay or sign up for her email list at bit.ly/hellofromalexis.Find Non-Technical at twitter.com/NonTechnicalPod, instagram.com/nontechnicalpod, or tiktok.com/@nontechnicalpod.--This episode is sponsored by Acrisure, a Fintech and global leader in Insurance, Real Estate Services, Cyber Services, Asset & Wealth Management and more. Acrisure combines human and high-tech to help businesses and people grow and protect what they worked so hard to build. And they are no stranger to growth either – increasing revenue by 100x in less than a decade and operating as the 6th largest insurance broker in the world. Sound interesting? Go to www.acrisure.com to request a quote or find a solution.
Christie Wilson, Wilson Group Real Estate Services (Time Well Spent with Julie Hullett, Episode 8) Christie Wilson, Owner and CEO of The Wilson Group Real Estate Services, joined host Julie Hullett on this episode of Time Well Spent with Julie Hullett. Christie is a dear friend of Julie’s, but also an active corporate citizen and […]
ROG Music City's Connie Mohr and Chrissy Amundson teamed up to bring awareness to the need of Senior Real Estate Specialists (SRES). 6:10 CA - The flexibility of Reverse Mortgages 8:15 CM - Without long term care insurance, people generally have no idea how much senior care really costs 12:30 MM - Connie and I didn't have the resources of what to expect with our loved seniors 14:40 CM - Have the conversation NOW with your parents/seniors 18:00 CHRISSY - It doesn't have to be a GOTCHA! Start planning with SRES 25:00 CHRISSY - The networking element of the website 26:35 MM - Prosperity follows value....find your value 27:15 MM - The future hinges on the Real Estate Professional....not an agent ________________________________________ Carey Ann Cyr manages and operates one of the Top Branches for CMG Financial in Franklin, TN. She and her team have become known for closing nearly impossible deals! They have processed over 300 million in mortgages since 2016 with over 613 families ushered into their dream homes! Contact Carey Ann: www.yourtnlendingsolution.com Monte Mohr owns Realty One Group Music City and has sold over $1 Billion dollar's worth of real estate and over 3000 homes sold over his 30+ year career! Interested in joining Monte as an agent? www.topagentsuccess.com The Talk of Music City Real Estate is Produced, Voiced and Edited by www.jimmccarthyvoiceovers.com #broker #country #countrymusic #dreamhome #finance #firsttimehomebuyer #homebuyers #homesforsale #justlisted #listing #mortgage #mortgagebroker #nashvegas #nashville #nashville_tn #nashvillelife #nashvillemusic #nashvillescene #nashvilletennessee #nashvilletn #newhome #realestateagent #realtor #realtorlife #realtors #realtorsofinstagram #realty #singer #singersongwriter #tennessee
Patrick is the Owner of Soukup Real Estate, a real estate firm here in Fort Collins and Janay is a two time Olympian with a bronze medal at the 2012 Olympics in London. We talk about Patrick's journey in real estate investment management and his business Soukup Real Estate. We also discuss Janay's experience in the Olympics and illustrate the challenges she went through. They have an inspiring story about hard work and building relationships in life. I had a a great time with these two and I hope you enjoy this conversation as much as I did.
Should real estate investors consider taking a look at the cannabis industry? If you ask Bryan McLaren, he will answer with an empathic “yes!” Bryan, the Chairman and Chief Executive Officer of Zoned Properties, has been leveraging their experience and updated technologies to identify quality real estate for cannabis, broker cannabis real estate deals, and infuse deal flow into their portfolio. He shares their humble beginnings in this industry, revealing the mistakes that they've committed along the way and the lessons they've learned. He also talks about what is happening behind the scenes in closing a cannabis real estate deal, setting expectations for potential investors. [00:01 - 03:01] Opening Segment Bryan McLaren talks about their humble beginnings in the cannabis industry What's the role of real estate in cannabis? [03:02 - 08:41] Servicing the Cannabis Industry With Real Estate The real estate market in cannabis only needs three services Bryan talks about them This is the pain point that led Bryan's team to focus on cannabis Mainstream professionals are gradually entering the cannabis industry Here's what to expect according to Bryan [08:42 - 18:55] The Behind-the-Scenes of Cannabis Real Estate How to overcome challenges in such a nuanced industry Bryan explains What investors should know about the returns and cap and interest rates in cannabis The different obstacles in various markets that investors should expect [18:56 - 21:15] Opportunities in the Cannabis Real Estate The opportunities currently available in the cannabis real estate The difference between ancillary versus non-ancillary in the cannabis context [21:16 - 22:23] Closing Segment Reach out to Bryan Links below Final words Tweetable Quotes “...if you're looking at a cannabis real estate project, it's pretty helpful to have someone that's been through it.” - Bryan McLaren “...in any big commercial real estate project…you got to be okay with a little risk, and in an industry as complex as cannabis, you have to be okay with uncertainty.” - Bryan McLaren “...because of [the] risk in the projects and because of the lack of available capital, the returns and the cap rates and the interest rates are at a significant premium.” - Bryan McLaren ----------------------------------------------------------------------------- Email Bryan@zonedproperties.com to connect with Bryan or follow him on LinkedIn. Visit Zoned Properties to know more about the available commercial real estate services for the cannabis industry. Connect with me: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns. Facebook LinkedIn Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in! Email me → sam@brickeninvestmentgroup.com Want to read the full show notes of the episode? Check it out below: Bryan McLaren 00:00 In those more mature markets, you're really dealing with competitive edge, oversaturation, the boom and the bust of cannabis legalization, or any new industry. It's a gold rush. So in new state markets that have recently legalized, that patience and persistence is crucial. And what I mean by that is very localized at the community level. Of course, you want to bring brain trust experts into your team that can help guide you. So a really good compliance attorney, a very good land use attorney, very good financial analyst. So those are all really important for the business. But when it comes to the real estate, it's the relationship with the local community. Intro 00:40 Welcome to the How to Scale Commercial Real Estate Show. Whether you are an active or passive investor, we will teach you how to scale your real estate investing business into something big. Sam Wilson 00:51 Brian McLaren is the Chairman and Chief Executive Officer of Zoned Properties, a strategic real estate development firm whose primary mission is to provide real estate and sustainability services for the regulated cannabis industry. Bryan, welcome to the show. Bryan McLaren 01:05 Hey, thanks, Sam. Appreciate you having us on here. Sam Wilson 01:07 The pleasure's mine. Same three questions I ask every guest who comes on the show. In 90 seconds or less, can you tell me where did you start, where are you now, and how did you get there? Bryan McLaren 01:14 Yeah, that's the meat of it, isn't it? So Zoned Properties. We're a commercial real estate development firm based out of Scottsdale Arizona, we are focused on highly regulated and complex commercial real estate investments, development, and services. So we're very focused on the regulated cannabis space. And almost 10 years ago, we got into this space as a commercial investor. So we raised some private capital, saw that the cannabis industry across the United States and the world was starting to turn on, and decided to go after a few initial investment properties for development and leasing to cannabis operators. And needless to say, we've learned a lot of lessons over the past decade, we've made every mistake in the book, you know, and we like to describe it as a labyrinth. So you're kind of navigating this constantly changing and nebulous territory. So we started out really as positioning to become a REIT, a REIT for the cannabis industry, a real estate investment trust, I'm sure most of your audience is familiar with those, and it was probably just a little too early. This was back in kind of 2014 era, a little bit too early for probably the tax and federal circumstances to allow a full-on cannabis rate, though there are many today some really successful ones. So we went a different route, we decided to build a full spectrum of real estate services, as we learn the best practices and mistakes to provide national help and expertise for anyone looking to invest and develop a cannabis project. And that's where we are today. We work nationally in many states, and if you're looking at a cannabis real estate project, it's pretty helpful to have someone that's been through it. Sam Wilson 03:02 So are you guys actually doing the building or are you more of a consultant? Bryan McLaren 03:09 Great question. So the construction and direct building is pretty much one of the only things we don't do. So our typical approach for clients, so we have kind of three prongs, three buckets to our company, which just about every real estate project in cannabis is going to need, you're going to need a brain trust. So we have a Consulting and Advisory Service division where we help walk and talk and lead clients through the process. Complex real estate, cannabis isn't the only area that's complex, right big commercials complex all the time. So you got to go through the zoning and planning process, you have to get all your permits, you have to work with design professionals, build, bring the capital. And so our advisory division really helps clients go through that process specific to the nuance of cannabis. We have a fully licensed brokerage firm that helps through the transactional side. And then we have an investment firm that helps either provide direct investment and capital for projects, or we connect project teams to investment capital that's cannabis-friendly. We do not do the direct design, development and construction. So we bring in our own brain trust for our clients to do that work. Sam Wilson 04:22 Got it. That's really, really intriguing. It's a nuanced business. I mean, you guys went through multiple iterations at what point in time did you know, “Hey, I'm on to something here.” Bryan McLaren 04:32 It really was the, you know, I think all great business stories. It's the absence of something in the marketplace. I love the phrase “go where others won't or can't,” right. And while mainstream cannabis is gaining momentum, the vast majority of Americans for recent polling numbers support the full legalization of cannabis. But because this is still federally illegal and each state, not just each state has a unique cannabis program, the 40,000 or so localities, you know, the cities, towns and counties, they all have their own structures, right. So I think when we knew we were really on to something, Sam, you know, you're everything you think of in a commercial real estate project, you call a big brokerage house you call a Title and Escrow Company, a land-use attorney, you called debt and capital financing. You would call these people even two, three years ago. And if they didn't kind of laugh at first about cannabis, they would say, you know, there's no way we can work on this. It's federally illegal. So we just found that tremendous need in the marketplace, everyone we talked to that was working on their own projects, were having the same experience. And we had a choice, we can either kind of try to continue down the large public company, you know, REIT model and try and become a bank for cannabis, which wasn't our core competency. At the core, our leadership and team members are operators and real estate developers. So we chose to go the services route. And we, everyone we talked to needed help finding a broker, needed help navigating kind of the roadmap of cannabis. So yeah, and to this day, it's very promising that I'd say within the last six months, you're starting to see mainstream brokers, title companies, land use attorneys, a lot of traditional professionals have now worked on cannabis. So it's moving in that direction. Sam Wilson 06:39 What effect do you think that will have on the cannabis space? Bryan McLaren 06:44 Yeah, mainstream professionals, I think we're going to see a lot less risk. And we're talking years, you know, it's not just going to be a couple months, even if the federal government legalizes and for the audience at the crux of this is the fact that cannabis which includes both hemp and marijuana, so separate kind of pass of the tree here in the plant, are still considered illegal as a controlled substance at the federal level. Now, the Farm Bill of 2018, legalized hemp, right, but THC and cannabinoids under the marijuana plant within cannabis still remain a scheduled illegal drug. So even if the federal government decides to legalize and de-schedule cannabis, you're still going to have years of the regulatory rollout. So the effect is that I mean, we're a community-based company. That's what this comes down to it. It's all community-centric, you have to go into your local government, you got to work with your local planners, hey, we're building a cannabis project. We're not criminals, we're your neighbors. The history of propaganda on the war on drugs and fear is still very real. So having mainstream professionals, very reputable firms have good reputations and trust within the community, it's huge, Sam, it's, you know, in the early years, I would go up to city councils and try and provide data that showed the property values would go up, right economic prosperity factors like job growth, property taxes, real estate value, all that would increase prosperity in the community. But it's one thing coming from, you know, passionate, experienced cannabis professional. It's another coming from a mainstream land use law firm or the largest, you know, real estate brokerage firm in the state. So that adds really good credibility that this is an amazing industry for our communities. Sam Wilson 08:42 It seems you know, when you talk about the solving the problems everyone is facing, because that's kind of what it sound like your business was based upon. We'll call everyone, we'll just use the term everybody's out there going, Oh, my gosh, we don't know how to overcome this. How did you guys figure out ways to overcome all of those, like you said, highly nuanced state, county, city, you know, township, whatever it is ordinances and rules. I mean, that's just a labyrinth, to use your word. How did you figure that out? Bryan McLaren 09:12 It sounds simple, what I'm gonna say, but it's, I think, for any entrepreneur out there, they know how tough this is, but accepting uncertainty. So it's an industry that's constantly evolving. You may have, you know, Mississippi is a great example of a state, kind of near your neck of the woods, Sam. I mean, the voters put legalizing cannabis on the voter ballot and passed. And then there was a constitutional state, you know, confliction and nuance that reversed the voter decision. And so for the past few years now, the legislature has said, Okay, well, we want to honor the will of the voters. So we need to figure this out. And very recently, Mississippi passed and affirmed the legalization, but, you know, that took years So, like in any big commercial real estate project, you know, I think a lot of people in our industry here and investing and developing commercial real estate, you got to be, you know, okay with a little risk. And in an industry as complex as cannabis, you have to be okay with uncertainty. So being very nimble, it's our business, we tend to run pretty conservatively and risk-averse, which is a little bit of a, you know, it's ironic based on what I just said, but you can't bet the farm on a single certainty, which could change unexpectedly. So for anyone getting in cannabis, whether you're looking to invest in cannabis-related real estate, or develop your own project, understand that there is incredible volatility in the laws and regulations and building codes and permitting that allow you to or your tenant or your operator or your borrower to operate and succeed so that, you got to just embrace the uncertainty. And we like to say we follow the flow of the river so… Sam Wilson 10:59 That's crazy. But I mean, you know, I'm going back to my commodities trading days, and it was like your money is made in times of volatility. And, you know, for those who are willing to accept that risk, you know, that's where your paydays lie. Do you see? Yeah, it's become more mainstream, in the de-risking, potentially, of the investment space, a, compression of the return profiles, and just kind of less money on the table for those entering the space later on in those starting now. Bryan McLaren 11:27 Yeah, absolutely. Sam. And as I said, In the beginning, you know, you kind of go where others won't, and can't, you know, amazing phrase I'm stealing from many entrepreneurs, you're borrowing rather. But yeah, for context for the audience, I mean, so here's the big thing with cannabis real estate projects from an investment and financial return, because of that risk in the projects, and because of the lack of available capital, the returns and the cap rates and the interest rates are at a significant premium. So, you know, four or five years ago, if you were going to try and borrow 2 million, 5 million, let alone 10 million-plus to go build your own project, you were likely going to pay 16, 17, 18% interest rates on that commercial debt on a good deal. Today, the large real estate investment trusts that have entered the space public and private, that are dedicated to cannabis projects, they offer a range between 11 and 16% on a sale-leaseback cap rate. So it's, you know, incredibly important that these REITs have entered the cannabis industry. Without them, there would be a fraction of the real estate development that has occurred to allow the cannabis industry to grow into the, you know, close moving into 100 billion plus economic impact industry. Our best guess at the current time is the cannabis industry will need about 50 to 75 billion worth of commercial real estate capital to meet its needs in the next few years, likely doubled out over the next decade. And so these REITs are really the only game in town now that is changing as of the past three to six months, there are more and more state and local banks that are entering the space. We've seen term sheets on smaller real estate deals in the five to 7% debt interest rate, so it is absolutely compressing. But any investor in your audience really needs to understand is that just because those numbers are starting to look attractive, that doesn't translate into investment return unless the project's successful. So yeah, we really view ourselves Sam as kind of playing in the same sandbox as those rates in those banks. We are a brain trust for their clients and for them directly and a risk hedge. So we are the group that's going to go in on behalf of the project on behalf of the client. Make sure the vetting of that real estate, the zoning, the permitting, that all their submittals are accurate, and that they're not going to get a letter from the state's marijuana division, saying, “Hey, your permit is invalid, you need to cease operations tomorrow,” which happens and that's certainly not what a landlord or investor wants to hear, you know, when they put millions into a project. Sam Wilson 14:21 For sure. What are you guys doing? I mean, if you go into say, Mississippi, and they've now well legalized it, but then you've still got all those kind of like you said local hurdles to get over as well. How do you navigate that? I know you said accept uncertainty is the is the primary thing you're gonna have to do. But I mean, there's strategic things you're doing that'll navigate that. What does that look like? Bryan McLaren 14:43 I think on that same, it's a combination of patience and persistence. So really, especially when you go into new state markets, which are very different from mature or maturing markets, like a Colorado or Washington or Oregon, in those more mature markets, you're really just dealing with competitive edge oversaturation, the boom and the bust of cannabis legalization or any new industry, it's a gold rush. So in new state markets that have recently legalized, that patience and persistence is crucial. And what I mean by that is very localized at the community level, of course, you want to bring brain trust experts into your team that can help guide you. So a really good compliance attorney, a very good land use attorney, very good financial analyst. So those are all really important for the business. But when it comes to the real estate, it's the relationship with the local community. So you got to be very sensitive of this is a new industry that for the past 100 years, people have been told, you know, the devil's lettuce is gonna cause people to go crazy and run in the streets and property values are going to plummet. And it's a gateway drug, you know, but we now have enough cannabis industry evidence across this country we're at now I think it's 37, soon to be 39 states have medical and or adult use programs. Recent polling shows high 80%, 86, 87% of the American electorate supports legalization. But that doesn't necessarily mean it translates at the local level. There's still that fear that if a cannabis grow site, or or dispensary retail site opens up in my neighborhood, you know, we're going to have increase in opioid epidemic or property values will plummet. So it's what we try to really do at that local level is educate community members. Here's fact-based evidence from the past decade of real estate programs that show almost always the opposite, decrease in violent crime, increase in value increase in economic growth, and do it patiently but persistently. Sam Wilson 16:51 Yeah, and that's a very, very long game, I would imagine. Bryan McLaren 16:55 It is, we know real estate's a long game, right. So it's, I think, for those investors that have been standing on the sideline, which also is very appropriate, you know, we talk with lots of non-cannabis mainstream REITs, you know, multibillion-dollar grocery-anchored commercial strip center REITs that are basically leaning across the line saying, okay, there we go yet, you know, they're preparing and they're playing 100-year game, you know, you're not playing a year game. Sam Wilson 17:26 Right, yeah, because what I hear you saying when you say those large grocery store anchored, you know, centers is that those REITs are not yet accepting the tenants to be, you know, correct, the right term, but basically, it's where they can then sell the product, they're out, you know, out of their strip centers. Bryan McLaren 17:42 Right, and that's part of the nuance, I'll keep this brief. I know, I've just been chatting your ear off here, Sam. But servicing commercial real estate is a whole other side of the equation. So much of what we've discussed so far is kind of a standalone real estate cannabis project, getting approvals and successfully delivering the project. On the retail side, the adoption of cannabis use as tendency of these large commercial strip centers, you know, or even more nuanced, like imagine an airport terminal having, you know, cannabis for sale like alcohol, I think the servicing of those projects, and when I say servicing, I mean servicing insurance or collecting rent roll or debt on large commercial. Those are all nuances that almost all of those traditional real estate contracts, say no federally illegal activity, right. And so, you know, you have a $300 million strip center with a movie theater and large department stores, you know, that even if that cannabis retail, you know, tenant says I'll pay 10 times your average rent rate, it's probably pretty minimal compared to the overall cash flow of the project. So that's the hurdle. We're gonna see a lot of mainstream adoption, when that changes, it's going to take time, but those are the kind of windfalls that will come from federal banking reform. Interestingly, the MBA the Mortgage Bankers Association, for the first time ever last year, we put together a cannabis panel. And fascinating one of the people we had on the panel was a large-scale portfolio servicer. And they said in real-time, as of this is about a year ago, virtual, you know, mid pandemic lockdown, but they were dealing with this firsthand, the insurance underwriters were saying, this might void your insurance policy for this whole project, you know, how do we collect rent and deposit into FDIC bank when, you know, the rent rolls from a federally illegal activity? So it's, you know, there's huge opportunity because there's huge complexity, as you said. Sam Wilson 19:48 Love it. We are out of time here, but I've got one last question and maybe there's a quick way to answer this. Do you see a decoupling of the business itself from the real estate in order to kind of mitigate risk? Bryan McLaren 20:02 Yeah. So in the cannabis industry, especially when it comes to capital and public companies, so its own properties as a public company, we've been fully audited and SEC reporting now for six years. So we know how to navigate that federal level of compliance and regulation. What's really important in your question, Sam, is what's called ancillary versus non-ancillary or in layman's terms, is the company plant-touching or not? So whether it's a real estate company, as long as you don't have ownership in the operation in the tenancy, it's not a related party, you're not taking up percent base rent from sales, then what we've seen so far, overwhelmingly, and I'm not aware of a single case, I can think of nationally right now where the real estate investor or real estate was jeopardized, as long as it stayed non-plant-touching, so, and that's, you know, if you're selling lights to grow, if you're selling insurance. As of 2022, those ancillary non-plant-touching service providers are considered to be operating within a legal and compliant manner, right. Sam Wilson 21:10 Right, understood. Bryan McLaren 21:12 History will tell the story, right? Sam Wilson 21:14 Indeed it will, Brian, thank you for taking the time to come on today. Last question for you is this. If our listeners want to get in touch with you or learn more about what you do, what is the best way to do that? Bryan McLaren 21:22 Yeah, and there's so much appreciate y'all having me on Sam. Hopefully for the audience, they got some good takeaways and happy reach out anytime you can visit our website, www.zonedproperties.com. Very active on Twitter @zonedproperties and on LinkedIn. We're constantly posting local zoning case studies on cannabis legalization. And for anyone that just wants to have a conversation, you can reach out to me directly. Bryan, B-R-Y-A-N, at zoned properties dot com. Sam Wilson 21:52 And that's zoned, Z-O-N-E-D, properties dot com. Bryan, thank you so much. Appreciate it. Bryan McLaren 21:58 Yeah. Thanks, Sam. Sam Wilson 21:59 Hey, thanks for listening to the How to Scale Commercial Real Estate Podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen, if you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories so appreciate you listening. Thanks so much and hope to catch you on the next episode.