The Real Estate Espresso Podcast

This question comes from Rod in the State of Ohio In a past episode you discussed everyone being on same page (Literally) from a document version standpoint. You were evaluating different services and options at that point. Wondering if you could share your results of your analysis of your New System and any thoughts of why you chose a specific system for your needs. We love your Podcast and Thank...

Today is an AMA episode (Ask Me Anything) Today’s question comes from Chris in Philadelphia. He writes: "I love your RE Espresso podcasts--short and packed with info. Thank you for making these! They're perfect for my 10min walk to the office. I recently listened to an episode you did with a fella from Greensboro, North Carolina, and you mentioned this market was heating up.  I was delighted...

On today’s show we’re taking another look at the prospects for the office segment. This is brought to you as a result of new report published by brokerage house Marcus and Millichap. The report tells a tale of pain and opportunity. Roughly 90 million square feet of new inventory is expected to be added to the market. These projects were started before the pandemic. As you know, once a project star...

On today’s show we’re talking about your property, and where your rights end. If you happen to own a factory that borders on the Hudson River and you dump millions of gallons of toxic material in the river, most people would agree that those affected should have the right to make an argument that they’re being negatively impacted and you should stop. That’s pretty clear. In fact, the government sh...

Mark Khuri is based in Bend Oregon where his company SMK Capital invests in projects all over the country. On today's show we take the journey from active investor to fund manager.  You can learn more and connect with Mark through his website at SMKcap.com -------------------- Host: Victor Menasce email: podcast@victorjm.com

Brent Bowers specializes in land. But not just any land. Listen to today's podcast for a unique strategy on how to make land into a cash flowing asset.  To learn more, you can reach out to Brent at thelandsharks.com --------------------------- Host: Victor Menasce email: podcast@victorjm.com

On today’s show we’re talking about the gold rush that happens in virtually every new market innovation. We saw it with the railway, the automobile, radio, television, personal computers, the internet, and now in Cannabis. When a new market is developing there is a major opportunity for new entrants to grab market share in a growing market. When you layer growth upon growth you have the potential...

On today’s show we’re talking about the importance of digging deep in due diligence. Investors are no strangers to maximizing value. Sometimes value creation happens through genuine means and other times it happens through manipulation of the system. We all know that there is a link between income and value. The math is pretty simple. You take the net income after expenses and divide that number b...

I’m continually presented with projects that propose density that is close to or just at the threshold of the allowable density for a particular property use type. But in the real world, these levels of density are rarely achieved. When you layer the real constraints on a project, the density achieved is often much less. The promise of high density creates unrealistic expectations in the eyes of t...

On today’s show we are talking about inflation and the hidden tax that can impact investors. If you have been listening to this podcast for a while, you will know that we don’t adhere to the typical mainstream media definition of inflation. The correct definition of inflation is the inflation of the money supply. All the extra currency in circulation has the effect of pushing up prices as business...

In many cases, the news is not new enough to be news, and it’s not old enough to be history. It falls into a no-mans land of random useless data. I’m struck by how often the news media are out of step with what is happening in the world of real estate investing. The front page report is simply out of step with what is actually happening in the market. Unless there is an ambulance chase involved, t...

Justine Picard comes to us from Gatineau, Quebec. She joined our development team a few months ago in an internship role. On today's show we're talking about what it means to intern in a business, and what types of engagements work and those that don't. ------------------- Host: Victor Menasce Email: podcast@victorjm.com

On today's show we have repeat guest George Ross. George has been a real estate lawyer at the highest levels. We are talking about whether to take the gamble and acquire in today's market, versus being patient and waiting for better pricing. -------------------- Host: Victor Menasce  email: podcast@victorjm.com

When you look at demand for housing, you often hear the statement “Everyone needs a place to live “. That’s true. But if we go back to the financial crisis and look at the counties in the US that had large numbers of foreclosures, a disproportionate number of those foreclosures were in fact on second homes. The outsized number of foreclosures in Miami Dade county and Broward county were among the...

Back in the day, houses were built to last hundreds of years. My family owned a 13 century farm house in Tuscany. It is still standing. The house that my father grew up in on the island of Rhodes dates back to the time of the Knights of St John. We estimate that the house he grew up in was built in the late 1400’s. It’s hard to wrap your mind around a house that old. If the useful lifespan of a mo...

On today’s show we’re talking about a mistake we made in a site plan development. It’s an opportunity to learn from our mistake. We thought we had done everything correctly. We had designed a subdivision that we thought complied perfectly with the zoning requirements with zero variances. I can tell you that it is pretty rare to have a project of any size that has zero variances. But our goal was a...

Today's question is another listener question. We're talking about investing in the self storage asset class.  --------------------------- Host: Victor Menasce Email: podcast@victorjm.com

On today’s show we are talking about businesses with no exit plan. I’m not talking about weak businesses. I’m talking about businesses that are vibrant thriving businesses. But they are closing. No, it wasn’t because of the pandemic. It wasn’t because the business was going bankrupt. It’s because the owner wants to retire and they had no succession plan. On today’s show we are going to take a look...

Danna Olivo is an expert at responding to requests for proposals. We're talking about the business development function within the world's major architectural, engineering and construction firms. There is a process to responding well to requests for proposals and requests for quotation, whether in the public sector or the private sector.  To learn more reach out to Danna at marketatomy.com.

Mike Morawski has a cautionary tale and some life lessons to share. He made some fundamental mistakes at the height of the 2007 real estate mania and paid a heavy personal price for those mistakes. Listen to today's powerful conversation. To learn more, visit mycoreintentions.com and you can download a free copy of his book "Exit Plan" at mycoreintentions.com/exitplan.

On today’s show we’re going to focus on smaller resort towns. People want to visit the idyllic resort towns of Banff, Aspen, Vail, Sun Valley. The problem is that the most profitable real estate to develop is for the owner occupant, and the vacationer. Why would you build affordable housing that gets you $1.50 per square foot in rent when you can build a hotel room, or timeshare that rents for $2....

On today’s show we’re talking about a shift that is taking place in the restaurant business. It would seem that converting a restaurant kitchen to a ghost kitchen would be a fairly easy transformation. It turns out that it’s not that simple. I know of several chefs that are aiming to buy a commercial kitchen in order to satisfy the growing demand for their catering businesses. We're talking about...

Today’s question comes from Chris in Long Island. “I’m having a hard time getting offers accepted. I’m seeing so many people closing deals on social media. We keep getting outbid. What am I doing wrong?” Chris this is a great question. I can’t say that you’re doing anything wrong. The worst thing you could do is pay too much for a project simply to get the short term feeling of accomplishment that...

On today's show we're talking about long term investments in downstream energy projects and the impact on local real estate.  -------------------------- Host: Victor Menasce Email: podcast@vicotrjm.com

On today’s show we’re talking about forecasting your business if you're investing vacation rentals.  ------------------------ Host: Victor Menasce Email: podcast@victorjm.com