The Real Estate Espresso Podcast

On today’s show we are talking about ways in which business people and regular citizens are being targeted for financial fraud. This was prompted by an attempt to get $9,000 from our company earlier this week. The attempt to defraud us failed, but it showed how much more sophisticated these attempts are becoming.  ----------------- **Real Estate Espresso Podcast:**  Spotify: [The Real Estate Espre...

The headlines on the Wall Street Journal have been marvelling at the lack of inflationary pressure as a result of tariffs. The latest CPI announcement had the annualized rate at 2.7% against the backdrop of a weakening labor market. This is converging on the Fed’s 2% target for inflation.  We are looking at inflation because the Fed’s interest rate policy is linked to balancing both price stabilit...

Ryan Hawkins is based in St. Louis where he consults as a campaign manager for developers all across North America on the politics of land use. On today's show we are talking about the types of opposition that materialize and how to respond to them. To connect with Ryan and to learn more, visit https://www.sabrepointpa.com/ -------------- **Real Estate Espresso Podcast:**  Spotify: [The Real E...

Luis Belmonte is based in San Francisco. He's been active in real estate development since the 1960's and has lived through 7 economic cycles in his career. On today's show we are talking about how to spot and survive these cycles. To connect with Luis, visit 7hp.com . He has several books on Amazon including Real Estate 101 Streetdog MBA Streetdog Manager Streetdog Negotiator --------...

On today's show we are doing a walk-through of a new project that is hosting an open house tomorrow. This is a 253 unit housing project at Mont Tremblant in Quebec, an hour North of Montreal. Mont Tremblant, like many resort communities suffers from a shortage of housing for the employees of the resort. On today's show I'm sharing some of the attention to detail that is necessary to de...

On today’s show we are talking about government involvement in the economy. Countries vary widely in terms of the extent to which government plays a role in the total economy.  At the extreme end of the spectrum there are the purely authoritarian states based on communism. Places like Cuba and the old Soviet Union where government was the economy.  But there are government initiatives within the U...

On today’s show we are taking a look at a relatively new product category. This is something that Y Street Capital has been active in for some time. But the industry and the investment community are waking up and taking notice.  A recent white paper from the folks at Green Street is entitled : "Industrial Outdoor Storage: A Beautiful Ugly Duckling." Research and data on the sector remain...

On today’s show we are looking at the integrity of economic data. This has been making headlines with the President firing the head of the bureau of labor and statistics and installing a longtime critic of the BLS to head the agency.  The BLS has received a lot of questions and criticism for their data collection methods. The world seems up in arms that the President is going to interfere with how...

Capital tends to flow where it is treated the best. Well the state of Texas is considering a change to its constitution which will have no immediate impact on taxes. Currently the state of Texas has no state income tax for individuals or businesses. It also has no capital gains tax.  Texas is currently in the process of considering a constitutional amendment that would permanently prohibit a state...

Joel Landon is based in Salt Lake City where he helps investors administer their retirement savings. On today's show we are talking about how to use a Roth Conversion as a tax efficient method for investing in real estate. This is not a rookie move, and of course we are not providing tax advice on this show. Consult your own tax specialists who are familiar with your specific circumstance. To...

Mike Kron is based in Newport Beach California. His strategy has pivoted lately to focusing on retail credit tenant net leases. These are the national brand operators that provide corporate guarantees on the retail lease for businesses that are not vulnerable to e-commerce and shrinking retail footprints. To connect with Mike visit https://guardiannetlease.com/ or email him directly at mike@guardi...

On today’s show we are looking at an echo from the Great Financial Crisis. There was collapse of a banking house of cards triggered a drop in lending liquidity which then precipitated a fall in real estate prices. There were several areas across the US that got caught up in that mess in a big way.  On today’s show we are looking at which areas of the country are currently experiencing negative equ...

As many of you know, I follow macro economics and from time to time I share perspectives on the implications of underlying aspects of industries that ultimately affect real estate or the economy in some way. On today’s show we are talking about oil. It’s been a while since we have looked at what’s happening in oil and gas.  To start with we have not seen any appreciable change in oil prices over t...

On today’s show we are talking about the impact of data centres on nearby residents. You would think that a data centre is a large rectangular building filled with electronics and the high speed optical connections coming in and out of the data centre will connect the servers with the end users. Beyond the fact that the data centre is probably not the most beautiful building in the world, there sh...

On today’s show we are looking at three clear signals that financial markets are sending us over the past three days.  There are three moves in the market that are noteworthy. We are going to unpack all three The US dollar has risen dramatically in the past week Short term rates dropped dramatically in the past two days We have a resignation on the Fed Board of Governors. ------------- **Real Esta...

On today’s show we are looking at banking and how banks make decisions. Access to capital is one of the key pillars in real estate. Now let me be clear. I am not a banker. I’m not a mortgage broker in any jurisdiction and I’m not her to provide advice of any kind. I’m merely sharing what have been my own observations, which may be incomplete or downright incorrect.  Let’s look at how banks make mo...

George Ross is a repeat guest on the podcast. On today's show we're talking about how to negotiate when there is a power imbalance between the parties. -------------- **Real Estate Espresso Podcast:**  Spotify: [The Real Estate Espresso Podcast]( https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1 )    iTunes: [The Real Estate Espresso Podcast]( https://podcasts.apple....

Jacob Sybrowsky is based in Provo Utah where he specializes in working with high net worth families on their investment mandates. On today's show we are talking about what ultra high net worth families are looking for when it comes to getting deals done. To connect with Jacob, visit diversify.com or email his directly at jsybrowsky@diversify.com. ------------- **Real Estate Espresso Podcast:**...

If you have been following me for a while you will know that I come from an engineering and product design background. I view the world through the lens of product design where you are designing a specific product for a specific customer. If you buy a rental apartment building and decide you are going to lease it out to tenants, this is still a product designed with a specific customer in mind. It...

On today’s show we are talking about the softening of the residential housing market that is underway across both the US and Canada.  The seasonally adjusted numbers are in for the month of June which now shows four months of steady decline compared with the previous months. Again, we need to remember that these are seasonally adjusted numbers. The June numbers are still about 2% higher than the s...

On today’s show we are unpacking the shocking GDP announcement that was published at 8:30 on Wednesday morning July 30. The market expected a 2.3% growth rate and the actual published number blew past the expectation with a 3% annualized growth rate in the second quarter. This is in stark contrast to the negative 0.5% growth rate in the first quarter. So the obvious question is how did the economy...

On yesterday’s show we talked about building perimeter access. This is part of an entire building system for your residential apartments.  The other main question is how to provide keys for your apartments. If you use a hotel key card system then you are sending an indirect message to your residents that you don’t expect them to stay for very long and that idea can get planted in a resident’s mind...

On today’s show we are looking at one of the most over-looked aspects of real estate product design. The problem is that the architects don’t get involved. The electrical engineer and electricians don’t get involved, and the general contractor doesn’t get involved. These systems often end up as an oversight or an afterthought.  Let’s start with building access. On today’s show we are going to only...

Marc Koran is based in Montreal, Quebec which is the headquarters of Campus Habitations. The first of several projects is in Mont Tremblant, a ski resort just North of Montreal. On today's show we are talking about the benefits of renting apartments to corporate clients and not just individual tenants. To connect with Marc and to learn more, visit https://www.campushabitations.com/ or connect...

Patrick Grimes is based in Honolulu Hawaii where he is a principal at Passive Investing Mastery. On today's show we are talking about what true diversification looks like. As many of you know, our team develops senior housing and this coming week, I'll be part of a panel on senior housing. To connect with Patrick and to learn more about the panel discussion on Senior Housing, visit https:/...