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To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus (NOT a Morning Mindset resource) ⇒ Listen to our other podcasts: https://MorningMindsetMedia.com ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: 1 Peter 1:3 - Blessed be the God and Father of our Lord Jesus Christ! According to his great mercy, he has caused us to be born again to a living hope through the resurrection of Jesus Christ from the dead, (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the HINDI version: https://MorningMindsetMedia.com/Hindi Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com ➖➖➖➖➖➖➖➖➖➖ THEME MUSIC: “King’s Trailer” – Creative Commons 0 | Provided by https://freepd.com/ ***All NON-ENGLISH versions of the Morning Mindset are translated using A.I. Dubbing and Translation tools from DubFormer.ai ***All NON-ENGLISH text content (descriptions and titles) are translated using the A.I. functionality of Google Translate.
To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus (NOT a Morning Mindset resource) ➖➖➖➖➖➖➖➖➖➖ ⇒Check out all of Carey's books - for adults and kids, fiction and non-fiction : https://CareyGreen.com/books ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: 1 Peter 1:3 - Blessed be the God and Father of our Lord Jesus Christ! According to his great mercy, he has caused us to be born again to a living hope through the resurrection of Jesus Christ from the dead, (ESV) John 3:3–8 - Jesus answered him, “Truly, truly, I say to you, unless one is born again he cannot see the kingdom of God.” [4] Nicodemus said to him, “How can a man be born when he is old? Can he enter a second time into his mother’s womb and be born?” [5] Jesus answered, “Truly, truly, I say to you, unless one is born of water and the Spirit, he cannot enter the kingdom of God. [6] That which is born of the flesh is flesh, and that which is born of the Spirit is spirit. [7] Do not marvel that I said to you, ‘You must be born again.’ [8] The wind blows where it wishes, and you hear its sound, but you do not know where it comes from or where it goes. So it is with everyone who is born of the Spirit.” (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the HINDI version: https://MorningMindsetMedia.com/Hindi Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com ➖➖➖➖➖➖➖➖➖➖ THEME MUSIC: “King’s Trailer” – Creative Commons 0 | Provided by https://freepd.com/ ***All NON-ENGLISH versions of the Morning Mindset are translated using A.I. Dubbing and Translation tools from DubFormer.ai ***All NON-ENGLISH text content (descriptions and titles) are translated using the A.I. functionality of Google Translate.
To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus (NOT a Morning Mindset resource) ⇒ TODAY'S DAILY SPONSOR: The cost of today’s episode is financially supported by David, from Ohio, who listens every morning. You can sponsor a daily episode of the Morning Mindset too, by going to https://MorningMindsetMedia.com/DailySponsor ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: 1 Peter 1:3 - Blessed be the God and Father of our Lord Jesus Christ! According to his great mercy, he has caused us to be born again to a living hope through the resurrection of Jesus Christ from the dead, (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the HINDI version: https://MorningMindsetMedia.com/Hindi Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com ➖➖➖➖➖➖➖➖➖➖ THEME MUSIC: “King’s Trailer” – Creative Commons 0 | Provided by https://freepd.com/ ***All NON-ENGLISH versions of the Morning Mindset are translated using A.I. Dubbing and Translation tools from DubFormer.ai ***All NON-ENGLISH text content (descriptions and titles) are translated using the A.I. functionality of Google Translate.
To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus (NOT a Morning Mindset resource) ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: 1 Peter 1:3 - Blessed be the God and Father of our Lord Jesus Christ! According to his great mercy, he has caused us to be born again to a living hope through the resurrection of Jesus Christ from the dead, (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the HINDI version: https://MorningMindsetMedia.com/Hindi Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com ➖➖➖➖➖➖➖➖➖➖ THEME MUSIC: “King’s Trailer” – Creative Commons 0 | Provided by https://freepd.com/ ***All NON-ENGLISH versions of the Morning Mindset are translated using A.I. Dubbing and Translation tools from DubFormer.ai ***All NON-ENGLISH text content (descriptions and titles) are translated using the A.I. functionality of Google Translate.
To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus (NOT a Morning Mindset resource) ⇒ TELL SOMEONE ABOUT THE MORNING MINDSET - Your personal recommendation can make an eternal difference in the lives of the people you know! STEP ONE: Go to http://YourMorningMindset.com STEP TWO: Share that page with someone you know! ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: 1 Peter 1:1–2 - Peter, an apostle of Jesus Christ, To those who are elect exiles of the Dispersion in Pontus, Galatia, Cappadocia, Asia, and Bithynia, [2] according to the foreknowledge of God the Father, in the sanctification of the Spirit, for obedience to Jesus Christ and for sprinkling with his blood: May grace and peace be multiplied to you. (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the HINDI version: https://MorningMindsetMedia.com/Hindi Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com ➖➖➖➖➖➖➖➖➖➖ THEME MUSIC: “King’s Trailer” – Creative Commons 0 | Provided by https://freepd.com/ ***All NON-ENGLISH versions of the Morning Mindset are translated using A.I. Dubbing and Translation tools from DubFormer.ai ***All NON-ENGLISH text content (descriptions and titles) are translated using the A.I. functionality of Google Translate.
To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus (NOT a Morning Mindset resource) ⇒ Get a copy of the MM Companion Journal: https://MorningMindsetMedia.com/journal ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: 1 Peter 1:1–2 - [1] Peter, an apostle of Jesus Christ, To those who are elect exiles of the Dispersion in Pontus, Galatia, Cappadocia, Asia, and Bithynia, [2] according to the foreknowledge of God the Father, in the sanctification of the Spirit, for obedience to Jesus Christ and for sprinkling with his blood: May grace and peace be multiplied to you. (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the HINDI version: https://MorningMindsetMedia.com/Hindi Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com ➖➖➖➖➖➖➖➖➖➖ THEME MUSIC: “King’s Trailer” – Creative Commons 0 | Provided by https://freepd.com/ ***All NON-ENGLISH versions of the Morning Mindset are translated using A.I. Dubbing and Translation tools from DubFormer.ai ***All NON-ENGLISH text content (descriptions and titles) are translated using the A.I. functionality of Google Translate.
Institutional CRE investing: A market run by allocation math – and uncertainty My podcast/YouTube guest today is Greg MacKinnon, Director of Research at the Pension Real Estate Association (PREA). PREA represents the institutional real estate community - think pension funds, sovereign wealth funds, endowments, and other fiduciaries managing hundreds of billions on behalf of millions of beneficiaries. These are the investors who typically allocate to real estate as part of their overall investment portfolios and who set the tone for how capital flows through the entire real estate market. Greg explains how while institutional real estate remains a roughly 10% sleeve in diversified institutional portfolios, the number matters less than the mechanics behind it. When equities rally and private values fall, the real estate slice shrinks—creating a theoretical bid to “rebalance” back to target. In practice, that bid has been clogged by a fund-recycling problem: closed-end vehicles haven't been returning capital as quickly because exits have slowed, which leaves investors waiting for distributions before recommitting. Until that dam breaks more broadly, new capital formation into private real estate remains inconsistent across strategies and managers. Office: price discovery by compulsion Institutional portfolios built in a world where office was a core holding are still working through the repricing. Unlevered office values are down on the order of ~40% from pre-COVID peaks nationally; with leverage, many positions are effectively wiped out, explaining why owners resist selling and why trades are scarce. That stasis is ending as lenders tire of “extend and pretend,” loan maturities arrive, and forced decisions accelerate. The practical question for CIOs isn't simply “hold or sell” but how fast to harvest, return, and re-underwrite risk elsewhere. Expect more office volume but much of it distress-driven rather than conviction buying. The rate cut mirage: CRE runs on growth and the 10-year Market chatter obsesses over the next Fed move. Institutional capital takes a broader view. The cost of capital that matters for underwriting – term debt, cap-rate anchoring, discount rates – is tethered more to the 10-year Treasury than the overnight Fed funds rate. A policy cut can coexist with a higher 10-year if inflation risk re-prices, blunting any “cuts are bullish” narrative. More importantly: CRE performance tracks the real economy's breadth and durability. Historically, rising interest rates often coincide with strong growth and healthy real estate. Falling rates tend to arrive with deceleration, which is why “cuts” are not automatically good news for NOI or values. Underwrite your forward cash flows, not the headline. Policy risk is now an underwriting line item Global capital has long treated the U.S. as the default safe harbor. That advantage compresses when macro policy feels unpredictable – tariffs one week, reversals the next, and public debate over central-bank independence. Some non-U.S. allocators have simply chosen not to live with the noise premium, shifting incremental dollars to Europe. Domestic institutions aren't exiting the U.S., but the signal is clear: political-economy volatility now shows up as a higher hurdle rate, more conditional investment committee approvals, and a stronger preference for managers who can navigate policy in both research and structuring. Where the money is actually going Facing actuarial return targets and a cloudy macro, institutions are tilting toward “where alpha lives now”: Digital and specialized industrial: data centers; cold storage; and industrial outdoor storage (IOS) – think secured yards for heavy equipment – where supply is constrained and tenant demand is need-based. Housing adjacencies: single-family rental, manufactured housing, student housing, and seniors housing, plus targeted affordable strategies that can layer policy incentives with operating expertise. Selective core logistics and resilient multifamily: still investable but crowded; institutions need an edge in submarket selection, cost basis, or operations to meet return hurdles. Themes in common: operational complexity that deters industry tourists, local expertise that differentiates underwriting, and cash flows less correlated to the office cycle. The portfolio is changing: from “real estate” to “real assets” Many large investors are reorganizing how they bucket risk. Instead of a hard 10% “real estate” sleeve, they're adopting either a broader real assets mandate (real estate + infrastructure + sometimes commodities) or a private markets sleeve (real estate + private credit + private equity). The goal is flexibility: tilt to where relative value is best without tripping governance wires each time. This structural shift makes it easier for a head of Real Assets to move dollars from, say, mid-risk equity in apartments to long-duration infrastructure when spreads and growth argue for it, and to rotate back when underwriting improves. It's a quiet change with large implications for which managers get funded and when. “Institutional quality” is a culture, not a class of building Too many sponsors use “institutional quality” as shorthand for a gleaming asset. Institutions define quality as process: governance, repeatability, controls, reporting cadence, and audit-ready data, plus the discipline to say “no” when the numbers don't clear the bar. That's why a best-in-class niche specialist (e.g., Southwest self-storage or cold-chain) can attract blue-chip LPs without owning a single skyline trophy. Conversely, a sponsor with a glossy deck but ad-hoc reporting will struggle to cross the institutional threshold even in “prime” locations. What to do now (operators and allocators) Own the 10-year, not the headline. Build your assumptions around the 10-year Treasury and the yield curve, not the Fed's short-term rate projections. Stress cash flows under slower growth. Lean into complex operations. Data centers, IOS, cold storage, seniors housing, where capability barriers protect yield. Be distribution-aware. If you're raising from institutions, understand their recycling constraints; design pacing and structures that fit their liquidity reality. Institutionalize the back office. Reporting, controls, and data pipelines are capital-raising assets. Treat them as such. Bottom line: allocations still want to be filled, but the bar is higher and the path is narrower. Those who combine operating edge with institutional process will take disproportionate share when the dam finally breaks. n.b. Greg and I take a detailed look at what ‘institutional' real estate really means; how it's defined, structured, and operates. It's worth tuning in so you can separate fact from fiction the next time you see the term in a pitch deck. *** In this series, I cut through the noise to examine how shifting macroeconomic forces and rising geopolitical risk are reshaping real estate investing. With insights from economists, academics, and seasoned professionals, this show helps investors respond to market uncertainty with clarity, discipline, and a focus on downside protection. Subscribe to my free newsletter for timely updates, insights, and tools to help you navigate today's volatile real estate landscape. You'll get: Straight talk on what happens when confidence meets correction - no hype, no spin, no fluff. Real implications of macro trends for investors and sponsors with actionable guidance. Insights from real estate professionals who've been through it all before. Visit GowerCrowd.com/subscribe Email: adam@gowercrowd.com Call: 213-761-1000
To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus (NOT a Morning Mindset resource) ⇒ Join the MMM Prayer Team: https://MorningMindsetMedia.com/PrayerTeam ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: 1 Peter 1:1–2 - [1] Peter, an apostle of Jesus Christ, To those who are elect exiles of the Dispersion in Pontus, Galatia, Cappadocia, Asia, and Bithynia, [2] according to the foreknowledge of God the Father, in the sanctification of the Spirit, for obedience to Jesus Christ and for sprinkling with his blood: May grace and peace be multiplied to you. (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the HINDI version: https://MorningMindsetMedia.com/Hindi Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com ➖➖➖➖➖➖➖➖➖➖ THEME MUSIC: “King’s Trailer” – Creative Commons 0 | Provided by https://freepd.com/ ***All NON-ENGLISH versions of the Morning Mindset are translated using A.I. Dubbing and Translation tools from DubFormer.ai ***All NON-ENGLISH text content (descriptions and titles) are translated using the A.I. functionality of Google Translate.
To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus (NOT a Morning Mindset resource) ⇒ BECOME A MONTHLY PARTNER: (not tax-deductible) You can find out how to become a monthly partner including how to receive your "thank you" gift - our bonus podcast called "Digging Deeper." God t: https://mm-gfk-partners.supercast.com/ ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: 1 Peter 1:1–2 - [1] Peter, an apostle of Jesus Christ, To those who are elect exiles of the Dispersion in Pontus, Galatia, Cappadocia, Asia, and Bithynia, [2] according to the foreknowledge of God the Father, in the sanctification of the Spirit, for obedience to Jesus Christ and for sprinkling with his blood: May grace and peace be multiplied to you. (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ~~~~~~~~~~~~~~ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the HINDI version: https://MorningMindsetMedia.com/Hindi Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ CONTACT: Carey@careygreen.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ THEME MUSIC: “King’s Trailer” – Creative Commons 0 | Provided by https://freepd.com/ ***All NON-ENGLISH versions of the Morning Mindset are translated using A.I. Dubbing and Translation tools from DubFormer.ai ***All NON-ENGLISH text content (descriptions and titles) are translated using the A.I. functionality of Google Translate.
To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus (NOT a Morning Mindset resource) ⇒ Listen to our other podcasts: https://MorningMindsetMedia.com ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: 1 Peter 1:1–2 - [1] Peter, an apostle of Jesus Christ, To those who are elect exiles of the Dispersion in Pontus, Galatia, Cappadocia, Asia, and Bithynia, [2] according to the foreknowledge of God the Father, in the sanctification of the Spirit, for obedience to Jesus Christ and for sprinkling with his blood: May grace and peace be multiplied to you. (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the HINDI version: https://MorningMindsetMedia.com/Hindi Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com ➖➖➖➖➖➖➖➖➖➖ THEME MUSIC: “King’s Trailer” – Creative Commons 0 | Provided by https://freepd.com/ ***All NON-ENGLISH versions of the Morning Mindset are translated using A.I. Dubbing and Translation tools from DubFormer.ai ***All NON-ENGLISH text content (descriptions and titles) are translated using the A.I. functionality of Google Translate.
To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus (NOT a Morning Mindset resource) ➖➖➖➖➖➖➖➖➖➖ ⇒Check out all of Carey's books - for adults and kids, fiction and non-fiction : https://CareyGreen.com/books ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: 1 Peter 1:1–2 - [1] Peter, an apostle of Jesus Christ, To those who are elect exiles of the Dispersion in Pontus, Galatia, Cappadocia, Asia, and Bithynia, [2] according to the foreknowledge of God the Father, in the sanctification of the Spirit, for obedience to Jesus Christ and for sprinkling with his blood: May grace and peace be multiplied to you. (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the HINDI version: https://MorningMindsetMedia.com/Hindi Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com ➖➖➖➖➖➖➖➖➖➖ THEME MUSIC: “King’s Trailer” – Creative Commons 0 | Provided by https://freepd.com/ ***All NON-ENGLISH versions of the Morning Mindset are translated using A.I. Dubbing and Translation tools from DubFormer.ai ***All NON-ENGLISH text content (descriptions and titles) are translated using the A.I. functionality of Google Translate.
To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus (NOT a Morning Mindset resource) ⇒ TELL SOMEONE ABOUT THE MORNING MINDSET - Your personal recommendation can make an eternal difference in the lives of the people you know! STEP ONE: Go to http://YourMorningMindset.com STEP TWO: Share that page with someone you know! ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: 1 Peter 1:1–2 - [1] Peter, an apostle of Jesus Christ, To those who are elect exiles of the Dispersion in Pontus, Galatia, Cappadocia, Asia, and Bithynia, [2] according to the foreknowledge of God the Father, in the sanctification of the Spirit, for obedience to Jesus Christ and for sprinkling with his blood: May grace and peace be multiplied to you. (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the HINDI version: https://MorningMindsetMedia.com/Hindi Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com ➖➖➖➖➖➖➖➖➖➖ THEME MUSIC: “King’s Trailer” – Creative Commons 0 | Provided by https://freepd.com/ ***All NON-ENGLISH versions of the Morning Mindset are translated using A.I. Dubbing and Translation tools from DubFormer.ai ***All NON-ENGLISH text content (descriptions and titles) are translated using the A.I. functionality of Google Translate.
To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus (NOT a Morning Mindset resource) ➖➖➖➖➖➖➖➖➖➖ A brief video covering this issue (that I think is very good) can be found here: https://www.youtube.com/watch?v=B9RsHnb7huk - My description follows… The words found in the gospel of Mark 16:9-20 are likely NOT included in the original document that the gospel writer (Mark) recorded. How do we know this? We know because we are able to compare the existing copies of Mark’s gospel to one another - and when we do, we find that the very earliest copies (the oldest ones) do not contain these words. It’s also clear from notations in the copies that DO contain it, that the scribes who copied them knew there was some kind of dispute or “problem” related to the inclusion of verses 9-20. So how did these verses get into our Bibles? We don’t know for sure, but the best guess of scholars who think the passage is not original to Mark’s writing believe that a well-meaning scribe (a person who copied scripture by hand), felt that Mark’s ending was too abrupt, so he did something to “fix” the problem, as he saw it. While we don’t truly know WHO added this ending, or WHY they added it, we know at the very least that since at least the 2nd century, scribes have struggled with whether or not to include this section in the Gospel of Mark. To support this theory is the clear evidence that in the text of those earliest copies, the style or “era” of Greek script used to record verses 9-20 is very different than the Greek used in the rest of the Gospel. It’s pretty clear that a different scribe, at some point, wrote that section. For this reason, many researchers of ancient documents do NOT feel that these verses should be included in the gospel of Mark. Most modern study bibles will have a note that indicates the problematic nature of this section for modern readers. ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the HINDI version: https://MorningMindsetMedia.com/Hindi Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com ➖➖➖➖➖➖➖➖➖➖ THEME MUSIC: “King’s Trailer” – Creative Commons 0 | Provided by https://freepd.com/ ***All NON-ENGLISH versions of the Morning Mindset are translated using A.I. Dubbing and Translation tools from DubFormer.ai ***All NON-ENGLISH text content (descriptions and titles) are translated using the A.I. functionality of Google Translate.
To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus (NOT a Morning Mindset resource) ⇒ TODAY'S DAILY SPONSOR: Leigh W. Young is a Bible teacher and author of three books on joy and the abundant life. She is hosting her Blessed Not Stressed Women's Weekend on November 14-16 in beautiful Western North Carolina. Find out more at leighwyoung.com (please spell it out) You can sponsor a daily episode of the Morning Mindset too, by going to https://MorningMindsetMedia.com/DailySponsor ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: Mark 16:5–8 - [5] And entering the tomb, they saw a young man sitting on the right side, dressed in a white robe, and they were alarmed. [6] And he said to them, “Do not be alarmed. You seek Jesus of Nazareth, who was crucified. He has risen; he is not here. See the place where they laid him. [7] But go, tell his disciples and Peter that he is going before you to Galilee. There you will see him, just as he told you.” [8] And they went out and fled from the tomb, for trembling and astonishment had seized them, and they said nothing to anyone, for they were afraid. (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the HINDI version: https://MorningMindsetMedia.com/Hindi Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com ➖➖➖➖➖➖➖➖➖➖ THEME MUSIC: “King’s Trailer” – Creative Commons 0 | Provided by https://freepd.com/ ***All NON-ENGLISH versions of the Morning Mindset are translated using A.I. Dubbing and Translation tools from DubFormer.ai ***All NON-ENGLISH text content (descriptions and titles) are translated using the A.I. functionality of Google Translate.
To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus (NOT a Morning Mindset resource) ⇒ Get a copy of the MM Companion Journal: https://MorningMindsetMedia.com/journal ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: Mark 15:47-16:3 - Mary Magdalene and Mary the mother of Joses saw where he was laid. [1] When the Sabbath was past, Mary Magdalene, Mary the mother of James, and Salome bought spices, so that they might go and anoint him. [2] And very early on the first day of the week, when the sun had risen, they went to the tomb. [3] And they were saying to one another, “Who will roll away the stone for us from the entrance of the tomb?” (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the HINDI version: https://MorningMindsetMedia.com/Hindi Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com ➖➖➖➖➖➖➖➖➖➖ THEME MUSIC: “King’s Trailer” – Creative Commons 0 | Provided by https://freepd.com/ ***All NON-ENGLISH versions of the Morning Mindset are translated using A.I. Dubbing and Translation tools from DubFormer.ai ***All NON-ENGLISH text content (descriptions and titles) are translated using the A.I. functionality of Google Translate.
To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus (NOT a Morning Mindset resource) ⇒ Join the MMM Prayer Team: https://MorningMindsetMedia.com/PrayerTeam ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: Mark 15:42–46 - [42] And when evening had come, since it was the day of Preparation, that is, the day before the Sabbath, [43] Joseph of Arimathea, a respected member of the council, who was also himself looking for the kingdom of God, took courage and went to Pilate and asked for the body of Jesus. [44] Pilate was surprised to hear that he should have already died. And summoning the centurion, he asked him whether he was already dead. [45] And when he learned from the centurion that he was dead, he granted the corpse to Joseph. [46] And Joseph bought a linen shroud, and taking him down, wrapped him in the linen shroud and laid him in a tomb that had been cut out of the rock. And he rolled a stone against the entrance of the tomb. (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the HINDI version: https://MorningMindsetMedia.com/Hindi Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com ➖➖➖➖➖➖➖➖➖➖ THEME MUSIC: “King’s Trailer” – Creative Commons 0 | Provided by https://freepd.com/ ***All NON-ENGLISH versions of the Morning Mindset are translated using A.I. Dubbing and Translation tools from DubFormer.ai ***All NON-ENGLISH text content (descriptions and titles) are translated using the A.I. functionality of Google Translate.
To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus (NOT a Morning Mindset resource) ⇒ BECOME A MONTHLY PARTNER: (not tax-deductible) You can find out how to become a monthly partner including how to receive your "thank you" gift - our bonus podcast called "Digging Deeper." God t: https://mm-gfk-partners.supercast.com/ ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: Mark 15:40–41 - [40] There were also women looking on from a distance, among whom were Mary Magdalene, and Mary the mother of James the younger and of Joses, and Salome. [41] When he was in Galilee, they followed him and ministered to him, and there were also many other women who came up with him to Jerusalem. (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ~~~~~~~~~~~~~~ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the HINDI version: https://MorningMindsetMedia.com/Hindi Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ CONTACT: Carey@careygreen.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ THEME MUSIC: “King’s Trailer” – Creative Commons 0 | Provided by https://freepd.com/ ***All NON-ENGLISH versions of the Morning Mindset are translated using A.I. Dubbing and Translation tools from DubFormer.ai ***All NON-ENGLISH text content (descriptions and titles) are translated using the A.I. functionality of Google Translate.
To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus (NOT a Morning Mindset resource) ⇒ TODAY'S DAILY SPONSOR: Morning Mindset listener Link Forester and his new book, “The Side Road.: Finding Joy and Purpose through the Twists and Turns of Life” You can find his book at https://MorningMindsetMedia.com/sideroad You can sponsor a daily episode of the Morning Mindset too, by going to https://MorningMindsetMedia.com/DailySponsor ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: Mark 15:37–39 - [37] And Jesus uttered a loud cry and breathed his last. [38] And the curtain of the temple was torn in two, from top to bottom. [39] And when the centurion, who stood facing him, saw that in this way he breathed his last, he said, “Truly this man was the Son of God!” (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the HINDI version: https://MorningMindsetMedia.com/Hindi Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com ➖➖➖➖➖➖➖➖➖➖ THEME MUSIC: “King’s Trailer” – Creative Commons 0 | Provided by https://freepd.com/ ***All NON-ENGLISH versions of the Morning Mindset are translated using A.I. Dubbing and Translation tools from DubFormer.ai ***All NON-ENGLISH text content (descriptions and titles) are translated using the A.I. functionality of Google Translate.
⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom: http://coachcarson.com/rpm
To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus (NOT a Morning Mindset resource) ⇒ Listen to our other podcasts: https://MorningMindsetMedia.com ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: Mark 15:33–36 - [36] And someone ran and filled a sponge with sour wine, put it on a reed and gave it to him to drink, saying, “Wait, let us see whether Elijah will come to take him down.” [33] And when the sixth hour had come, there was darkness over the whole land until the ninth hour. [34] And at the ninth hour Jesus cried with a loud voice, “Eloi, Eloi, lema sabachthani?” which means, “My God, my God, why have you forsaken me?” [35] And some of the bystanders hearing it said, “Behold, he is calling Elijah.” (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the HINDI version: https://MorningMindsetMedia.com/Hindi Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com ➖➖➖➖➖➖➖➖➖➖ THEME MUSIC: “King’s Trailer” – Creative Commons 0 | Provided by https://freepd.com/ ***All NON-ENGLISH versions of the Morning Mindset are translated using A.I. Dubbing and Translation tools from DubFormer.ai ***All NON-ENGLISH text content (descriptions and titles) are translated using the A.I. functionality of Google Translate.
To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus (NOT a Morning Mindset resource) ⇒ TODAY'S DAILY SPONSOR: Morning Mindset listener Jim who is sponsoring in honor of all those business owners who operate their business according to Christian values. You can sponsor a daily episode of the Morning Mindset too, by going to https://MorningMindsetMedia.com/DailySponsor ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: Mark 15:29–32 - [29] And those who passed by derided him, wagging their heads and saying, “Aha! You who would destroy the temple and rebuild it in three days, [30] save yourself, and come down from the cross!” [31] So also the chief priests with the scribes mocked him to one another, saying, “He saved others; he cannot save himself. [32] Let the Christ, the King of Israel, come down now from the cross that we may see and believe.” Those who were crucified with him also reviled him. (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the HINDI version: https://MorningMindsetMedia.com/Hindi Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com ➖➖➖➖➖➖➖➖➖➖ THEME MUSIC: “King’s Trailer” – Creative Commons 0 | Provided by https://freepd.com/ ***All NON-ENGLISH versions of the Morning Mindset are translated using A.I. Dubbing and Translation tools from DubFormer.ai ***All NON-ENGLISH text content (descriptions and titles) are translated using the A.I. functionality of Google Translate.
The Signal Beneath the Noise Serious operators obsess over the next print, but my podcast/YouTube guest this week, Bankrate senior economic analyst, Mark Hamrick, argues the industry is missing the structural signals that actually set the cost of capital and shape demand. Start with this premise: Data credibility is a macro variable. When the quality of national jobs and inflation statistics is questioned, it is not just an esoteric Beltway quarrel; it becomes a pricing input for Treasuries and, by extension, mortgages, construction loans and exit cap rates. As Hamrick puts it, the path to good decisions for households, enterprises and policymakers ‘is lined by high quality economic data, most of which is generated by the federal government.' Hamrick's concern is not theoretical. He links the chain plainly: if markets doubt the numbers guiding the Federal Reserve's dual mandate, you can ‘envision a scenario where there's less demand for our Treasury debt,' forcing higher yields to clear supply – an economy‑wide tax that lifts borrowing costs from mortgages to autos and narrows the Fed's room to maneuver. What Happens If Trust Erodes? The near‑term catalyst for this anxiety is unusual: the Labor Department's head statistician was fired after unfavorable revisions, and an underqualified nominee has floated ideas as extreme as not publishing the data at all. Hamrick's advice for investors and executives is simple: pay attention. This may not break the system tomorrow, but it introduces risk premia where none previously existed. Through a real estate lens, the translation is straightforward. Underwriting already contends with volatile inputs on rents, expenses and exit liquidity; add a credibility discount on macro data and your discount rate moves against you. Prudent sponsors should stress‑test deals for a modest upward shock in base rates – an echo of Hamrick's ‘economy‑wide tax' – and consider how thinner debt markets would propagate through construction starts and refis. Housing's Lock‑In: Inventory, Not Prices, Is the Release Valve The ‘lock‑in effect' remains the defining feature of U.S. housing. Owners sitting on sub‑3% mortgages are rationally immobile, starving resale inventory and suppressing household formation mobility, a dynamic Hamrick equates with today's ‘no hire, no fire' labor market: stable but sluggish churn. Builders fill some of the gap, but affordability remains constrained by national price firmness and still‑elevated mortgage rates relative to the pandemic trough. What happens if mortgage rates dip to 6.25% or even 5.5%? Don't expect a binary ‘unlock.' Hamrick argues for incremental improvement rather than a light switch: lower rates would expand qualification and appetite gradually, and, crucially, free inventory. He is less worried that cheaper financing simply bids up prices; the supply response from would‑be sellers is the more powerful margin effect. For operators underwriting for‑sale housing (build to rent or single-family home developments), the tactical read is to focus on markets where latent move‑up sellers dominate and where new‑home concessions currently set the comp stack. He also reminds us of the persistent, national‑level truth: prices have been unusually firm for years; in the U.S., homeownership is still the primary path to wealth – advantage owners, disadvantage non‑owners. Wealth Transfer: Inequality In, Inequality Out The widely cited $84 trillion Boomer‑to‑GenX/Millennial wealth transfer via inheritance won't repair the middle class. It will mainly perpetuate asset inequality: assets beget assets, and the recipients most likely to inherit are already nearer the ‘have' column. That implies continuing bifurcation in housing demand (prime school districts, high‑amenity suburbs) alongside a renter cohort optimizing for cash‑flow goals rather than equity growth. For CRE, that supports a barbell: high‑income suburban nodes + durable rental demand where incomes grow but deposits lag. Renting Without Shame and the Budget Reality Check Hamrick is refreshingly direct: there is no shame in renting as, perhaps, there used to be. For many households, renting is a rational bridge to other financial goals; build emergency savings, avoid surprise home maintenance expenses, and keep debt service from getting ‘too far out over your skis.' For CRE owners, this fortifies the case for professionally managed rental product with transparent total‑cost‑of‑living and flexible lease options. For lenders, it argues for cautious debt-to-income ratios and expense reserves in first‑time buyer programs. Tariffs, Inflation, and the New Dashboard Hamrick closes with a monitoring list to stay on top of dominant economic trends: labor market strength (monthly employment; weekly jobless claims), the inflation complex (Consumer Price Index (CPI), Producer Price Index (PPI), and Personal Consumption Expenditures index (PCE)), and the full housing tape (mortgage rates, existing/new sales, builder confidence, starts) plus, of course, one political‑economy input now impossible to ignore: tariffs, with the effective rate at the highest level since the Great Depression. For CRE, tariffs are not an abstract: they seep into materials costs, fit‑out budgets, and the headline inflation path that steers the Fed. Sponsors should build tariff scenarios into Guaranteed Maximum Price (GMP) contingencies and model procurement alternates. Actionable Takeaways for CRE Professionals Price a credibility premium: Run sensitivities for higher Treasury yields if data trust wobbles; Pay attention to how easily the government can sell its debt and the extra yield investors demand on longer bonds. Both shape interest rates, which then filter into real estate cap rates. Underwrite inventory elasticity, not sticker shock: As rates ease, model inventory release ahead of price spikes; focus on submarkets with pent‑up sellers. Lean into renting's rationality: Product that aligns with household cash‑flow priorities will capture durable demand while affordability resets. Track tariffs as a construction line‑item and macro tailwind to inflation: Feed this into budgets and hold periods. My conversation with Mark really brought home how connected real estate is to the bigger capital markets picture. If you want a sense of where cap rates are heading, keep an eye on the bond market – because that's where the story starts. *** In this series, I cut through the noise to examine how shifting macroeconomic forces and rising geopolitical risk are reshaping real estate investing. With insights from economists, academics, and seasoned professionals, this show helps investors respond to market uncertainty with clarity, discipline, and a focus on downside protection. Subscribe to my free newsletter for timely updates, insights, and tools to help you navigate today's volatile real estate landscape. You'll get: Straight talk on what happens when confidence meets correction - no hype, no spin, no fluff. Real implications of macro trends for investors and sponsors with actionable guidance. Insights from real estate professionals who've been through it all before. Visit GowerCrowd.com/subscribe Email: adam@gowercrowd.com Call: 213-761-1000
The Growthcast with Dallas Pruitt | Presented by The Multifamily Mindset
Tyler Deveraux breaks down the key difference between underwriting like an analyst and thinking like an owner... so you can spot real opportunity and make decisions that build long-term wealth.We want your feedback! Take our survey to help us better your listening experience.Check out the Multifamily Mindset store for great tools like the Think Bigger Journal and MFM merchandise.Follow us on Instagram:►Tyler Deveraux (@tyler_deveraux), CEO of Multifamily Mindset & Managing Partner of Axxis Capital►Cyndi Maguire (@cyndigap), Real Estate Investor & Consultant at the Multifamily Mindset►Zach Rucker (@zachrucker), Underwriting Mentor at the Multifamily Mindset
✅ FREE masterclass - how to earn $250K+ NET per year from Airbnb:https://buildstrwealth.com/550250masterclass✅ FREE tool and training to find your own Super Property: https://go.buildstrwealth.com/superpropertygrader
AI and its impact is looked at with curiosity, desire, concern, and a bit of fear, but with insurance its presence is often seen with affecting distribution and customer experience. However, is enough focus happening on use within the underwriting chair? Jeff Sutton, Senior VP Sales and Marketing for Markel shares what he sees and how Markel is finding advantages with underwriting and for their partners.In this episode:How AI is helping with sales and experience by starting with risk submissionsWhy empowering the experience of relationships should be an end goalWhat AI tools are being used across underwritingWhen and how AI will affect the distribution experienceDeclared Interests- some fun stories about JeffWhat kinds of AI are being used and where to find themJeff reveals how using AI to modernize and innovate underwriting processes is leading to better relationships and how other insurance entities can move forward and do the same.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Think you know how to underwrite? Think again. In Episode 253, I'm breaking down the real fundamentals of multifamily underwriting—what actually matters, what most people miss, and how to stop being emotional and start being objective. You'll learn: The key metrics that matter most (and why) How to build a realistic pro forma (not just a fairy tale) Why most deals don't pencil—and how to spot the ones that do How I underwrite deals using my own proprietary model Whether you're still fumbling with napkin math or already analyzing deals weekly, this episode will sharpen your underwriting game—fast.
This episode is a masterclass in turning pain into purpose.Diana and Josh, two married architects, were forced to reimagine their future after losing both their fathers in 2021.What began as a journey to escape the W-2 grind became Terra Palm Springs, the city's first true wellness boutique hotel.They reveal how they: • Pivoted from flips and BRRRRs into commercial real estate • Used their design and construction edge to underwrite with vision • Created immersive guest experiences that transcend hospitality • Built three synergistic businesses to scale with intention • Took bold action while honoring their deepest personal “why”This story will move you, inspire you, and give you a real blueprint for building a brand, and a life that matters.What You'll Learn: • How to spot your unfair advantage (and actually use it) • The key to underwriting without inflating projections • What makes a boutique hotel truly stand out • How to transition from short-term rentals to hotel ownership • Why generosity is the secret weapon in hospitality00:00 - Action drives clarity 00:35 - Process-proven growth 01:36 - Power couple feature 02:20 - Life-changing loss 05:55 - Strategic shift to scale 07:26 - Expert system builders 09:50 - Value-add obsession 10:56 - Underwrite with confidence 14:30 - Unapologetic branding 16:42 - First-of-its-kind wellness hotel 21:00 - Team-powered execution 25:40 - The real estate awakening 28:00 - Finding purpose through pain 31:30 - Create your unfair advantage 36:00 - Future-built freedom 43:00 - Hospitality secret: give generously Guest Bio:Diana and Josh Dobken have 15+ years of experience in the architecture and construction industries. They strategically invest in value-add opportunities where they can use their design expertise to maximize their return on investment. Additionally, Diana and Josh co-host 35+ MTRs and STRs across multiple states for other real estate investors, bringing their hospitality standards and design sensibility to each property we manage.Beyond property investment, Diana and Josh also manage comprehensive operations teams for hotels, with them overseeing director of operations roles and guest experience management. This hands-on operational experience gives them invaluable insights into how design decisions impact day-to-day functionality and guest satisfaction.Their most current project involves the Architectural and Interior design of Terra Palm Springs, the first wellness Boutique Hotel in Palm Springs featured in Vogue, Forbes, Hotels Above Par, and selected as part of Travel and Leisure It List of 2025' 100 Best New Hotels in the World.Guest Link:http://www.instagram.com/d.i.fiGet FREE Access to our Community and Weekly Trainings:https://group.strsecrets.com
This episode is a masterclass in turning pain into purpose.Diana and Josh, two married architects, were forced to reimagine their future after losing both their fathers in 2021.What began as a journey to escape the W-2 grind became Terra Palm Springs, the city's first true wellness boutique hotel.They reveal how they: • Pivoted from flips and BRRRRs into commercial real estate • Used their design and construction edge to underwrite with vision • Created immersive guest experiences that transcend hospitality • Built three synergistic businesses to scale with intention • Took bold action while honoring their deepest personal “why”This story will move you, inspire you, and give you a real blueprint for building a brand, and a life that matters.What You'll Learn: • How to spot your unfair advantage (and actually use it) • The key to underwriting without inflating projections • What makes a boutique hotel truly stand out • How to transition from short-term rentals to hotel ownership • Why generosity is the secret weapon in hospitality00:00 - Action drives clarity 00:35 - Process-proven growth 01:36 - Power couple feature 02:20 - Life-changing loss 05:55 - Strategic shift to scale 07:26 - Expert system builders 09:50 - Value-add obsession 10:56 - Underwrite with confidence 14:30 - Unapologetic branding 16:42 - First-of-its-kind wellness hotel 21:00 - Team-powered execution 25:40 - The real estate awakening 28:00 - Finding purpose through pain 31:30 - Create your unfair advantage 36:00 - Future-built freedom 43:00 - Hospitality secret: give generously Guest Bio:Diana and Josh Dobken have 15+ years of experience in the architecture and construction industries. They strategically invest in value-add opportunities where they can use their design expertise to maximize their return on investment. Additionally, Diana and Josh co-host 35+ MTRs and STRs across multiple states for other real estate investors, bringing their hospitality standards and design sensibility to each property we manage.Beyond property investment, Diana and Josh also manage comprehensive operations teams for hotels, with them overseeing director of operations roles and guest experience management. This hands-on operational experience gives them invaluable insights into how design decisions impact day-to-day functionality and guest satisfaction.Their most current project involves the Architectural and Interior design of Terra Palm Springs, the first wellness Boutique Hotel in Palm Springs featured in Vogue, Forbes, Hotels Above Par, and selected as part of Travel and Leisure It List of 2025' 100 Best New Hotels in the World.Guest Link:http://www.instagram.com/d.i.fiGet FREE Access to our Community and Weekly Trainings:https://group.strsecrets.com
Yesterday, Jamie Dimon's JPMorgan and Brian Moynihan's Bank of America raised $4.4 billion for a Pentagon-designated “Chinese military company operating in the United States.” Most Americans might be astonished that there are any such companies – let alone that Wall Street is so indifferent to the national security implications that it is massively enriching one. The company in question is called CATL. It's the world's largest electric battery manufacturer and reportedly is putting them in Chinese submarines, increasing their lethality – meaning the death of Americans in the event of a shooting war. Messrs. Dimon and Moynihan are, thereby, not only aiding and abetting a “foreign adversary.” They have violated President Trump's vitally needed “America First Investment Policy” and created a precedent for doing so via Hong Kong that threatens to make a mockery of his commonsensical effort to end such underwriting of our enemy. This is Frank Gaffney.
Confidence comes from numbers—not vibes. Underwrite like your future depends on it. In this power-packed episode of The Abundance Mindset, Vinney Chopra shares the true foundation of confidence when dealing with multimillion-dollar deals: underwriting. Gualter Amarelo presses Vinney on how he developed the emotional strength to close 42 out of 42 real estate deals. The answer? Mastering the numbers and removing emotion from decision-making.
The Pulse of the Debt Markets — with Orest Mandzy, CRE Direct Capital market confidence is cautiously returning, but undercurrents of risk remain. In my wide-ranging conversation with Orest Mandzy, Managing Editor of Commercial Real Estate Direct, we discuss what recent CMBS issuance tells us about liquidity, why delinquency headlines may be misleading, and how sponsors can position themselves amid policy shocks and structural market shifts. Liquidity Is Back — But Driven by Giants CMBS issuance jumped 110% in Q1 2025, totaling nearly $37 billion. While that headline suggests a resurgence of confidence, Orest clarifies that most of that growth comes from SASB (Single Asset, Single Borrower) deals – large trophy assets being financed and securitized by institutional players. These are not indicative of broad-based confidence in middle-market real estate. To gauge true liquidity, he says, focus on conduit deals – pools of smaller $10M–$25M loans originated by banks and institutional lenders and repackaged into +/- $1B bond offerings. Robust conduit activity reflects a healthier market for everyday sponsors. “If you've got solid conduit issuance,” says Orest, “that tells you there's liquidity in the market – not just for trophy deals.” Rising Delinquencies: Real or a Red Herring? Recent headlines warned that CMBS delinquency rates exceeded 7%, the highest since 2021. But Orest has looked deeper into the data and sees it is far from being systemic. A handful of large, troubled multifamily loans, such as the $1.5B Park Merced in San Francisco and a floating-rate New York portfolio, together make up nearly 60% of those delinquencies. The common thread? These loans were made pre-COVID or in 2021 with floating-rate debt and now can't refinance in today's rate environment. But they're outliers, not bellwethers. Fannie and Freddie multifamily delinquencies remain under 1%, and even in CMBS, the average LTVs have been conservative. “Multifamily looks worse than it is. Strip out the outliers and the market's still performing.” CLOs, Banks, and the Competitive Landscape CMBS is just one lane in the broader lending freeway. Orest distinguishes it from CLOs, which are floating-rate, short-term loans used by debt funds for leverage, and from agencies like Fannie and Freddie, which underwrite more conservatively. In 2024: Agencies originated ~$60B each CMBS did ~$40B CLOs only ~$8B – down sharply from peak years Debt funds relying on CLOs are now facing stiff competition from banks, which are back in the market after a cautious 2023. With banks accounting for 40% of CRE loan volume annually, this shift matters. For sponsors, it means a broader set of options but also a new underwriting reality. Orest notes that while leverage is available, it's on tighter terms: LTVs in the low 60s and debt service coverage ratios near 2.0x are now standard for institutional-quality debt. The Tariff Shock and Bond Market Jitters One of the most important takeaways: macro events like tariffs are now exerting real-time pressure on the capital stack. In early April, CMBS bond spreads spiked from 80bps to 108bps over Treasuries as the market braced for a new round of tariffs. That spread spike pushed borrowing costs up and froze CMBS issuance for nearly 10 days – a signal of how fragile the system remains to policy volatility. Although bond spreads have since tightened, Orest warns that risk repricing is now a function of policy headlines, not just economic fundamentals. “Uncertainty is risk. And when investors sense more of it, they demand more yield. That makes loans more expensive and deal volume drops.” Positive Leverage or No Leverage: Sponsor Guidance Asked what CRE sponsors and investors should be doing in the next 3–12 months, Orest's answer is clear: Seek positive leverage from Day One – don't rely on NOI lifts growth to bail you out. Consider no leverage at all if you're sitting on cash and don't want to risk default. Underwrite conservatively and turn over every rock. The deal you don't do may save you. “If you buy with positive leverage, great. If not, maybe don't borrow at all.” Special Servicing > Delinquencies For investors and borrowers watching for cracks in the market, Orest recommends a lesser-known but more reliable signal: the special servicing rate in CMBS. Loans enter special servicing before they go delinquent, usually triggered by pending lease expirations, tenant loss, or anticipated refinance trouble. This metric has been rising and, unlike delinquencies, tends to stay elevated longer. Sponsors should watch this closely. Local Policy Risk: The Property Tax Squeeze Orest flags an emerging risk with local governments under fiscal stress. Cities like San Francisco, where office values have cratered, still rely on CRE for a large share of tax revenue. If values fall but municipalities resist cutting spending, expect tax rates to rise, eroding asset value further. “Where do cities go when they need money? To the deep pockets. And that's commercial real estate.” Industrial and Insurance: Still in the Crosshairs While multifamily has absorbed most of the press, Orest highlights risk building in other sectors: Industrial may face headwinds from tariffs disrupting trade flows and warehouse demand. Insurance costs, especially in hurricane-prone areas, continue to rise, sometimes outpacing rent growth. In one example, he cited an apartment property in Tampa where gross revenue rose 50% in five years, but expenses outpaced it, limiting refinance options. Geopolitics, De-Dollarization, and Exorbitant Privilege One of my concerns is about broader macro risks – de-dollarization, loss of U.S. financial credibility, and capital flight from Treasuries. Orest acknowledged these as tail risks but noted they're not front of mind for most market participants… yet. Still, if foreign buyers ever pull back on U.S. Treasuries, that could cause a spike in long-term rates, forcing CRE valuations down and capital costs up. It's not imminent, but it's worth tracking. “If China and Japan stop buying Treasuries, we've got a real problem. All bets are off.” Final Thought The key insight from this episode: the market is functioning but only just. Liquidity is back, but it's conditional. Optimism exists, but it's fragile. And sponsors must walk a tightrope between opportunity and overextension. Orest's advice? Borrow smart. Underwrite for today's risks – not yesterday's assumptions. And remember: your best defense in uncertain times is positive leverage and deep diligence. *** In this series, I cut through the noise to examine how shifting macroeconomic forces and rising geopolitical risk are reshaping real estate investing. With insights from economists, academics, and seasoned professionals, this show helps investors respond to market uncertainty with clarity, discipline, and a focus on downside protection. Subscribe to my free newsletter for timely updates, insights, and tools to help you navigate today's volatile real estate landscape. You'll get: Straight talk on what happens when confidence meets correction - no hype, no spin, no fluff. Real implications of macro trends for investors and sponsors with actionable guidance. Insights from real estate professionals who've been through it all before. Visit GowerCrowd.com/subscribe Email: adam@gowercrowd.com Call: 213-761-1000
40% of limited partners in the last two years experienced capital calls, distressed assets—or worse… This has left many LPs a bit lost in terms of their confidence in their due diligence process… But one physician-turned-real estate investor thinks that's about to change. Today I sat with Dr. Sam Giardano, a practicing gastroenterologist who built an AI-based underwriting tool to evaluate syndications. Now? He's turned it into an AI-powered platform that can vet deals in seconds—and it just exploded from 1,500 to over 4,000 users. In today's episode, he breaks down… How his tool uses AI to extract 120+ risk metrics from offering memorandums Why sponsors are uploading deals directly to his new LP marketplace The #1 red flag he looks for in multifamily deals in 2025 How better underwriting transparency might finally bring LPs off the sidelines Plus, he shares the surprising market insight he's most bullish on heading into 2026... If you're an LP who's still gun-shy from 2022, this tool (and this episode) could change the game for you. Tune in to the episode now. Take Control, Hunter Thompson Hunter Thompson Resources mentioned in the episode: Dr. Sam Giardano Website Interested in learning how to take your capital raising game to the next level? Meet us at Capital Raiser's Edge. Learn more here: https://raisingcapital.com/cre
An Australia-based energy expert says the government here should be underwriting major power generation projects to help drive investment in the sector and mitigate energy shortages.
Send us a textWe use an underwriting tool that we have developed over decades and tens of thousands of transactions. It is powerful and large (over 18,000 lines of code). Sometimes it can feel like we are hunting flies with a howitzer. Is there a more simple way to do this? Yes. Join Pat for a discussion of a simple underwrite, based just on the essentials.
Key Takeaways:Explore alternative financing options like bridge loans, floating rate loans with rate caps, assumable debt, and seller financing to make deals work in the high interest rate environment.Underwrite deals conservatively, stress-testing for debt sensitivity and ensuring NOI durability. Focus on realistic rent growth and expense assumptions.Plan for longer hold periods of 7-10 years, as the 3-5 year flip mentality may not work in the current market.Look for distressed opportunities, especially properties facing debt maturities that are forcing owners to sell or refinance on unfavorable terms.Consider value-add opportunities, especially in newer vintage properties from the 2000s, as they require less capital expenditure compared to older 1960s-1970s properties.Tighten expense management and focus on value-add improvements to boost NOI, as rent growth alone may not be enough.Be conservative in underwriting, build in buffers, and focus on the long-term rather than short-term market fluctuations.
Have you ever dreamed of buying a home at a fraction of its market value? David Shaw reveals why NOW is the time to learn the secrets of judicial foreclosure auctions.Here's the scoop:The COVID effect: For years, foreclosures were stalled, but that's changing. A backlog of foreclosed homes is hitting the market, and many regular bidders have moved on. This means less competition and a golden opportunity for those in the know.Why foreclosures? You're bidding on the bank's lien, not the house itself. This means a potentially huge discount and the ability to wipe out most other liens.Insider strategies: David shares his proven system for finding, evaluating, and bidding on foreclosure properties, including how to:Identify promising properties weeks in advanceDo your due diligence (title work is KEY!)Underwrite conservatively (assume everything needs fixing!)Navigate the fast-paced auction process and secure fundingDeal with potential occupants and lingering liensThis episode is for you if:You're a serious investor looking for an edge in today's market.You're not afraid of a little legwork and have the funds ready to go.You're ready to learn a powerful skill that could transform your wealth-building journey.Don't miss out! David is even offering a FREE foreclosure underwriting sheet to help you get started. Contact him at contact@burnyourboatswealth.com to claim your copy.Tune in now and discover how to become a "wolf" in the foreclosure market!Chapters00:00Introduction to Foreclosure Auctions01:06The Impact of COVID on Foreclosures04:18Current Trends in Foreclosure Auctions07:31Understanding the Foreclosure Auction Process12:10Bidding Strategies and Considerations17:35Post-Auction Steps and Responsibilities20:51Future Outlook for Foreclosure Opportunities25:09The Importance of Feedback25:43The Power of Storytelling25:50Introduction to Burn Your Boats Wealth Podcast26:19Engagement and Community Buildingkeywordsforeclosure auctions, real estate investing, COVID impact, bidding strategies, property acquisition#realestate #investing #realestateinvesting #realestateinvestor #propertyinvestment #wealthbuilding #financialfreedom #passiveincome #realestatepodcast #investingpodcast #foreclosure #foreclosures #foreclosureauction #davidshaw #burnyourboatswealthpodcast Hosted on Acast. See acast.com/privacy for more information.
Peek behind the curtain of institutional-grade multifamily development as we break down the detailed underwriting of a 65-unit luxury project in Wash Park.
Derrick Barker is the co-founder and CEO of Nectar, a fintech company focused on innovative financing solutions for Commercial and multi family real estate investors. His journey in real estate began during his time at Harvard, where he started acquiring properties from his dorm room. Following graduation, Derrick joined Goldman Sachs as a bond trader but continued to expand his real estate portfolio, primarily focused on affordable housing in Atlanta, his hometown.After three years at Goldman and building a portfolio of 500 units, Derrick returned to Atlanta to focus full-time on real estate, eventually growing his assets to over 4,700 units, valued at $500 million. His work included revitalizing distressed neighborhoods by renovating affordable housing complexes, creating thousands of units and enhancing community stability.In 2021, Derrick co-founded Nectar with his wife, Brittany Mosely, also a real estate investor, to help other developers who own stabilized properties to access liquidity in the form of flexible capital without having to completely refinance their senior debt. Through small balance mezzanine debt and preferred equity solutions, Nectar supports multifamily projects across the U.S., enabling developers to expand quickly while delivering stable, risk-adjusted returns for investors.
Module 3 of 17 Welcome to our Real Estate Investing Bootcamp Online Course (Audio Version) To access the full FREE VIDEO online course version (pdf's , Excel Deal Analyzers, Print Outs) of the BOOTCAMP : Go to website and sign up to get your free login: https://911wealthnetwork.com/bootcamp
Energy Resources Aotearoa says gas producers were severely damaged by the previous ban on oil and gas exploration. It's asked the Government to underwrite the risk of oil and gas exploration. Government ministers say they've made no decisions. Energy Resources Aotearoa chief executive John Carnegie says it would only protect the sector from pernicious future policy changes. "Oil and gas exploration companies are worried that any investment they make in New Zealand could be eroded or stripped away if the Government changes." LISTEN ABOVESee omnystudio.com/listener for privacy information.
An oil and gas lobby group has asked the Government to underwrite the risk of fossil fuel exploration, with the taxpayer potentially taking "some or all" of the risk if new gas supplies fail to eventuate. Climate Change Correspondent Eloise Gibson spoke to Ingrid Hipkiss.
Resource minister Shane Jones is considering a request from the gas and oil lobby to underwrite the risk of fossil fuel exploration. Green Party co-leader Chlöe Swarbrick spoke to Ingrid Hipkiss.
In this week's episode, I sat down with Andrew Jeffery, a seasoned real estate investor with over 15 years of experience across multiple asset types and markets. Andrew shared his unique perspective on the current real estate landscape, drawing parallels to his firsthand experience working on a subprime mortgage-backed securities desk during the 2008 financial crisis.We dove deep into Andrew's approach to acquisitions, discussing how he quickly screens deals and what he looks for in offering memorandums. He also shared valuable insights on pitching deals to investors and the importance of crafting a compelling story that resonates with your audience.Key takeaways for this episode: - Andrew's conservative approach to leverage, shaped by his experience during the GFC - Strategies for underwriting and acquiring properties in rent-controlled markets like San Francisco - The importance of defining your investment criteria and quickly filtering deals - Crafting a compelling fundraising pitch that resonates with investorsAre you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly.Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities.Connect with Axel:Follow him on InstagramConnect with him on LinkedInSubscribe to our YouTube channelLearn more about Aligned Real Estate PartnersConnect with Andrew:Visit him on X (formerly Twitter)Check out his random insights on SubstackLearn more about Millfork Advisors
In this episode, you'll meet Shari Heilala — the founder of Sage Outdoor Advisory, an appraisal services consultancy for campgrounds, glamping resorts, and experiential hospitality companies. With over 30 years in commercial real estate, Shari shares her journey from valuing hotels at Cushman & Wakefield — one of the world's largest commercial real estate services firms — to becoming a leader in the unique stays space, helping hospitality entrepreneurs navigate the complexities of financing and underwriting innovative properties. Shari dives into the growing demand for nature-immersive stays, the challenges of securing investment for unconventional assets, and why institutional capital is starting to take notice of this emerging market. She also explores the resurgence of independent hoteliers, driven by a new wave of creative entrepreneurs who are blending luxury, design, and outdoor experiences to redefine hospitality. Whether you're a budding hospitality entrepreneur or a seasoned investor, Shari offers invaluable insights into how to build a successful, data-driven strategy in this evolving, exciting, and at sometimes murky space. Connect with Shari Learn more about Sage Outdoor Advisory This episode is brought to you by Enso Connect My new friends at Enso Connect have created a tool that's putting AI to work in a way that's saving hospitality pros countless hours every week. Here's how it works: Enso Connect's Guest Messaging Insights tool dives into your guest messages across all booking platforms. Using AI, it analyzes these interactions and pulls out hidden opportunities that you might be missing. And the best part? It's FREE, and you'll get your personalized report in just 72 hours. Here's what this AI-powered report will do for you: Analyze your message volume so you can see exactly where your time is going. Break down common guest questions, giving you the info you need to improve your property listings and FAQs. Provide sentiment analysis to understand how guests feel and spot potential issues before they escalate. Offer personalized recommendations that highlight upselling opportunities you might have overlooked, allowing you to tailor your services more effectively. Get the report About the Show Behind the Stays is brought to you by StayWatch — the internet's best resource for deals on Airbnb, Vrbo, and Booking.com. You can subscribe, for free, at www.staywatch.ai Behind the Stays is hosted by Zach Busekrus, Co-founder of StayWatch, you can connect with him on Twitter at @zboozee or on LinkedIn.
Want To Crush It As A Multifamily Real Estate Agent And Work in our NEW Orange County Office ? Book a Call & Apply Here! - https://calendly.com/jasonleerealestate/60min?month=2024-08 We Are Actively Buying! Brokers please email me if you have a property. You can always represent us - jason@jlmcre.com. Book a Call Here if you would like to invest with us! https://calendly.com/jasonleerealestate/call-with-jason?month=2024-08 Welcome to today's podcast! Today, we will be going over some very important information! I will be teaching you all how we underwrite deals! It takes a while at first but with practice you will be doing these in a few minutes! I recommend you go and watch it on my YOUTUBE channel to visually see the actual numbers! Being able to underwrite deals at a fast pace will help your career significantly, I advise you take notes and learn this great skill as fast as possible! Let's dive right in! Let's connect on social media!
We always preach to know, like, and trust who you're investing with, but it may be more important to understand what you are investing in and how the business plan can succeed. Just because the sponsor says it's a good deal doesn't make it a good deal. You need to understand the numbers and what makes it a good investment. Warren Buffett doesn't just invest in companies because he likes the CEO and neither should you. Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus on business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers, and coaches. YouTube: www.youtube.com/c/PillarsOfWealthCreation Interested in coaching? Schedule a call with Todd at www.coachwithdex.com Listen to the audio version on your favorite podcast host: SoundCloud: https://soundcloud.com/user-650270376 Apple Podcasts: https://podcasts.apple.com/.../pillars-of.../id1296372835... Google Podcasts: https://podcasts.google.com/.../aHR0cHM6Ly9mZWVkcy5zb3VuZ... iHeart Radio: https://www.iheart.com/.../pillars-of-wealth-creation.../ CastBox: https://castbox.fm/.../Pillars-Of-Wealth-Creation... Spotify: https://open.spotify.com/show/0FmGSJe9fzSOhQiFROc2O0 Pandora: https://pandora.app.link/YUP21NxF3kb Amazon/Audible: https://music.amazon.com/.../f6cf3e11-3ffa-450b-ac8c...
For this edition of Friday Feedback, we address some of your most pressing queries, going over subjects like managing workload while expanding your portfolio, choosing multifamily properties with the best return on investment, and modifying underwriting techniques in the present market.We break down the key factors to consider when renovating multifamily properties, share insights on navigating the changing market landscape, and provide valuable advice on balancing property management with portfolio expansion.Here are some of the questions we've received:01:09 - "I'm looking to set my budget for an upcoming project that I'm closing, and I want to allocate my dollars most effectively towards the highest ROI renovations within the property. Can you talk about what you found to be the highest ROI return on investment renovations when renovating a multifamily property?"08:22 - "I don't have confidence in my underwriting right now when I'm looking at deals, having a hard time figuring out what to pay. And I don't know how to adjust my underwriting given the changes in the marketplace."12:47 - "I am getting burnt out with managing my own units while also trying to grow my portfolio, such as finding deals, underwriting deals, meeting investors, etc. How do you recommend I manage the workload so that I don't burn myself out while trying to grow my business?"Are you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly.Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities.Connect with Axel:Follow him on InstagramConnect with him on LinkedInSubscribe to our YouTube channelLearn more about Aligned Real Estate Partners
Get Paid For Your Pad | Airbnb Hosting | Vacation Rentals | Apartment Sharing
>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to download Kenny Bedwell, founder and CEO of SDR Insights, shares his expertise on analyzing short-term rental properties. He emphasizes the importance of understanding the market revenue drivers and studying the data to identify the key factors that drive revenue in a specific market. Kenny recommends evaluating properties based on a range of potential revenue, rather than a single number, to account for different scenarios. He also advises investors to look in the right markets, evaluate enough properties, and have a consistent deal flow to find profitable short-term rental deals.TakeawaysUnderstand the market revenue drivers and study the data to identify the key factors that drive revenue in a specific market. Evaluate properties based on a range of potential revenue, rather than a single number, to account for different scenarios. Look in the right markets, evaluate enough properties, and have a consistent deal flow to find profitable short-term rental deals.Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome!Chapters00:00 Introduction and Background06:11 Analyzing Properties: Gross Revenue and Gross ROI11:46 Cash Flow vs. ROI Percentage29:26 Final Thoughts and Conclusion Hosted on Acast. See acast.com/privacy for more information.
Episode 3557: Billionaires Underwrite The Protests On College Campuses
Today's export guest is Tanya Rooney, a creative real estate seeker, life guide and owner of BAFS Real Estate + Yay You're Here Properties. We're thrilled that she's taken the time to join us today to talk about a very important, and very on-trend, topic in our industry: motels and mid-term rentals.She gives us the low down on a painstaking deal that did NOT go through, sharing important lessons so you can better understand and take action on your own real estate opportunities in the future. We're talking underwriting, we're talking numbers, we're talking inspections – all the juicy behind-the-scenes nuance that you won't see on TikTok or in YouTube comment sections. Tanya joined our membership years ago and has always been a champion of masterminds, really leveraging the power of networking. She's a great resource for other hosts and a perfect example of how, even when things don't go exactly as planned, they can be of benefit to our end goals.(00:01:26) #STRShareSunday: @elylogcabin(00:05:42) BTS of Tanya Rooney's Short-Term Rental Business(00:12:34) Setting Up an Exciting New Real Estate Deal (00:24:36) Inspecting a Potential Motel Acquisition (00:26:58) Leveraging Her Network to Underwrite the Deal (00:35:29) Interior Design on a New STR Space(00:37:53) When (and How) a Motel Deal Breaks Down(00:44:37) Important Lessons & Tough Takeaways (00:50:28) Making the Magic Happen Through NetworkingResources:• Visit thanksforvisiting.com/workshop to watch our Hosting Business Mastery Method workshop!• Airbnb Essentials Checklist: hostchecklist.com• #STRShareSunday: @elylogcabin• Sign up for STRInsights: app.strinsights.com• Instagram: @tanyarooneymn• Get ahold of Tanya: tanyarooney.com• Yay You're Here Minnesota: yyhmn.com• Read: Hospitable Hosts 3• Mike Hicks: Instagram and TikTokThanks for Visiting is produced by Crate Media.Mentioned in this episode:Host Checklist | Grab our Airbnb Essentials Checklist and make stocking your Airbnb a breeze – we've got all your hosting needs covered!Breezeway | Go to breezeway.io/tfv to claim your free implementation when you start a Breezeway account.Visit MinoanExperience.com and tell them TFV sent you!Hostfully | Go to https://www.hostfully.com/influencers/thanks-for-visiting/ and use TFV100 to get $100 off your subscription.Join us for our live, free, host masterclass and learn how to OWN your digital real estate! Sign up at
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