The Real Estate Espresso Podcast

On today's show we're talking with George about some of the current events in the news and how this will affect real estate investors. ------------ Host: Victor Menasce email: podcast@victorjm.com

On today’s show we are talking about major international events and the impact on real estate from those events. Major cities have sought to host events like the Olympics, the World Expo, The world Cup of Soccer, The PanAm Games, the Commonwealth Games and so on.  Each of these events brings with it the need to build the appropriate event space, accommodations for the visitors during the events th...

Today's question comes from Greg in Virginia who writes: Love the show. I am constantly amazed at your depth of knowledge. My AMA is: I’ve heard you and others state many commercial office buildings are not suited for conversion to apartments and would likely need to be demolished and rebuilt for apartment living. Understood, however, if the office buildings are vacant, meaning no jobs, is the...

On today’s show we are talking about inclusionary zoning. This is a new initiative in many communities aimed at creating affordable housing.  The actual goal of inclusionary zoning varies from one community to another. In some locations there is a narrative that single family detached homes create an economic divide and therefore widen racial segregation that is implicit with economically segregat...

US Federal politics might be appropriately described as legislative gridlock.  You can’t seem to get a single piece of legislation through the house and the senate on its own merits. These omnibus bills seem to get loaded up with dozens and sometimes hundreds of provisions, each one designed to amass the number of votes needed to get a majority vote in the House and the Senate. The move to restore...

A Shun of the bank is not the same as a run on the bank. But the effect can sometimes be the same.  The latest bank to suffer from the banking crisis that erupted last year is a name that most people might not remember. NY Community Bancorp announced their year end financial results and their 4th quarter results.  The bank was the winning bidder in the auction to take over the assets of Signature...

Paul Moore is the principal at Wellings Capital who are now on their sixth fund. Their latest fund is focused on preferred equity and on today's show we're talking about one company's take on how to use preferred equity effectively in deals. To connect with Paul, visit wellingscapital.com where they have some useful resources on their resource page. -------------- Host: Victor Menasce...

Dave Foster is a specialist in tax deferred exchanges. You can connect with him at https://the1031investor.com. On today's show we are taking about where is the fuzzy line between capital gains treatment and ordinary business income treatment when in comes to land investing. ------------- Host: Victor Menasce email: podcast@victorjm.com

We often get questions from clients and even listeners to the podcast about the merits of a legal case. To be clear, we are not lawyers and the purpose of today’s show is not to provide legal advice in any way.  The purpose of today’s show is to illustrate the uncertainty of the legal process. I’m going to report on a case of a commercial lease in the province of Ontario. Commercial leases really...

Our book this month is a brand new book that was just released two weeks ago called “How to Make a few Billion Dollars “ by Brad Jacobs. Brad is a serial entrepreneur at the highest level having built multiple multi-billion dollar companies in succession. When I heard his story it became obvious that he had something to teach me. Throughout the book he takes the reader through his thought process....

Today’s question comes from Ramon who writes: Dropping a quick note to thank you again for all that you do to make the RE Espresso amazing. I can’t imagine how much work it must be for you to consistently create such high-quality content. I hope you know how much value I and many others get from it. Specifically, your recent mini-series on business planning has been phenomenal, amazing insight int...

On today’s show we are talking about commercial real estate and office in particular.  The main stream media remain fixated on reporting the averages. They are focused on the bigger macro picture. For example last week the Wall Street Journal published a story all about the commercial debt that is scheduled to mature over the next few years.  More than $2.2 trillion in debt is maturing before 2028...

On today’s show we are taking another look at the world of energy and some of the disruptions that could result in major economic and geopolitical disruption far beyond the turbulence our world is currently facing.  Today’s show is about unintended consequences. ------------- Host: Victor Menasce email: podcast@victorjm.com

Peter Roisman is based in Puerto Rico where he is the principal at revmlc.com. The company specializes in rating leasing performance for multi-family properties and then training property managers to improve their performance when it comes to leasing. Most property managers don't treat leasing as a core excellence. The scores across most multi-family properties confirm this. To connect and to...

Eric Rice is based in Dallas Texas where he is in a business development role at King Operating. On today's show we are taking a look at various facets of oil and gas exploration. This is perhaps the highest risk end of the spectrum when it comes to oil and gas investing and I'm saying this from personal experience. To connect with Eric and to learn more, visit kingoperating.com ----------...

Today’s show is the final segment in our mini-series on business planning. Earlier this week we talked about the company mission, the ten year and three year plan, the one year plan and the quarterly plan. We then talked about how we then translate the quarterly plan into weekly execution of our goals and objectives.  If this sounds like a lot of work, it really is.  Underpinning all of this is at...

On today’s show we are covering the fourth segment in our mini-series on business planning. On Monday’s show we talked about the company mission. We then spoke about the ten year and the three year plan. On yesterday’s show we spoke about the one year plan. Today we’re talking about the plan for the coming quarter.  This is where the rubber meets the road between the plan and the execution. Underp...

Today and all this week we are talking about business planning. Within our company we have a regular heartbeat for business planning. We meet annually, quarterly and weekly to work on the business plan. The annual meeting is two full days. The quarterly meeting is a single day and our weekly meeting is held on a Friday afternoon and usually last 90 minutes. That’s separate and apart from our daily...

On today show this is the second in our series on business planning. Yesterday we spoke about our company’s mission and how we review and reaffirm the company mission every year when we undertake our annual planning cycle. From the company mission, we established the three-year and 10 year goals for the company. This is the long range outlook for the company’s revenue, profitability, cash flow, as...

Today and every day this week we are going to talk about the business planning process. Every year, every quarter and every week the leadership team works on the plan and the execution of the plan for the business.  It starts with an annual meeting that is usually held in the 4th quarter of the calendar year to prepare for the upcoming year. This year for a variety of scheduling reasons we held th...

Justin Greenleaf is the principal at Greenleaf Architects based in New Orleans, Louisiana. His firm is active in designs across the South from Texas to Florida. On today's show we are talking about designing in the face of changing energy codes. To connect with Justin, visit greenleafarchitects.com --------------- Host: Victor Menasce email: podcast@victorjm.com

Steve Suh is a practicing ophthalmologist in the Columbus Ohio market. He is also a principal at Left Field Investors, an investment club that helps educate passive investors on what makes for a good investment. He is also the author of a book: "Avoiding Rookie Errors As A Left Field Investor: 20 Lessons Learned From 14 Years Of PassIve Investing In Private Syndications". You can connect...

This week we are doing a mini series on value engineering, this is the process of saving money in a project, without necessarily degrading the project in terms of quality or functionality.  On yesterday’s show we talked about one value engineering optimization. We spoke about how to save money in the construction of floor systems in wood frame construction.  On today’s show we are examining one ex...

On today’s show we are talking about value engineering. This episode came from a conversation that we were having internally on one of our projects. The thought process comes down to evaluating multiple ways of accomplishing the same outcome before you know which optimizations make the most sense.  ----------------- Host: Victor Menasce email: podcast@victorjm.com

Monday was the opening day of the World Economic Forum in Davos Switzerland. This annual five day event hosts many of the world’s leaders and business elite.  The WEF has earned a bit of a reputation for being somewhat prescriptive with the idea that somehow these global elites have some special right to say what is good for you and I. But if you’re willing to put that and some of the political na...