The Real Estate Espresso Podcast

On today’s show we’re talking about how to interpret price volatility. Property prices tend not to be that volatile from one day to the next. If your goal over the long term is to acquire property, you’re happy that prices rise when you’re selling, you’re happy that prices rise when you look at your statement of net worth. But if you’re looking to acquire more, you are happy when prices fall so yo...

The thought experiment goes something like this: “Which came first, the chicken or the egg?” Some people decide to go around that circle a few times and then give up. Others will go to Charles Darwin’s “Origin of Species” and argue that the Chicken evolved from a prehistoric bird dating back to the time of the dinosaurs. Others will tell you that the Chicken, like all living things are creatures o...

Today is another AMA episode, Ask Me Anything Joseph asks. A friend of mine has contacted a person who is both a coach and a source of turn-key properties. My friend likes the idea of a one-stop-shop to get their start in real estate education and investing. The arrangement involves paying a coaching fee and then partnering 50/50 with the coach / trainer on each turnkey property. I did what search...

On today’s show we’re talking about the health of a high turnover businesses. One business in particular that has been very hard hit during the pandemic is senior housing. Under normal circumstances, those entering assisted living are there on average for about three years. Some facilities offer respite care, but most residents are there until they move into a skilled nursing facility, or if they...

This weekend we're talking about using video for marketing yourself and your business. Greg is based in the San Francisco Bay Area. He is a specialist in using video to market for real estate. He can be reached at Greg McDaniel on Facebook, GregMcDanielREU on Instagram, or by text at 925-915-1978. 

Dan Rochon is a specialist in video marketing for real estate, based in Northern Virginia. He's the author of The Real Estate Evolution and the curator of the Consistent Predictable Income (CPI) Community. You can reach Dan on Facebook or connect with him through his website at www.therealestateevolution.com. 

On today’s show we’re talking about navigating the fine line between collecting commercial rent and pushing your tenants to close their doors. The financial stress is all over the world of commercial. Rent collection used to be automatic at this time last year. Revenues are down for most businesses. Most importantly, even if a recovery is underway in some businesses, the worry remains that the rec...

Today is another AMA episode. Today’s question was actually asked twice by two different people. The questions are virtually the same to I’ll answer it only once. Both Chad and Michelle asked I have a portfolio of smaller multi-family properties duplexes, triplexes and some singles. I’m thinking of putting a blanket mortgage across the entire portfolio. The question is how to value to the portfoli...

When we think of hotels we tend to think of a few large brands that dominate the market. Marriott is the largest after having gobbled up with Starwood Group which had all the Sheraton brands. Hilton is #2 with about 30 brands under its umbrella, and Intercontinental Hotel Group which owns Holiday Inn and a host of brands is number three. There are remarkably few independent chains left. Hyatt rema...

Today’s show is called 52 offers. You might be thinking that the number 52 relates to a deck of cards. Not in this case. On today’s show we’re talking about a property that this past weekend had 96 showings and today had 52 offers. Mine was one of them. I was certain there would be multiple offers and we knew the property would sell above asking price. We did our due diligence, a thorough job of e...

On today’s show we’re talking about how our economy depends on the printing of money. Let’s put this in perspective. The fortunes of entire industries rest on whether governments around the world are going to print a virtually unlimited amount of money in order to get the economy back on track. The political impasse in Washington over how much to spend and for how long is a case in point. The bure...

Barry Wolfe is with Marcus and Millichap in Ft. Lauderdale. He specializes in retail assets and spent his entire career, including his early career as a lawyer working on retail assets. On today's show we're talking about the current state of retail.

On today’s show we are reviewing “Yes to Life, in spite of everything “ by Viktor Frankl. Viktor Frankl is best known for hist book “man’s search for meaning “ which chronicles his discovery of the meaning of life during his 3 years in 5 different concentration camps during WW2. During that time he saw his parents killed and his pregnant wife. Somehow he managed to survive. The book Yes to Life wa...

Frustrating when your Podcast hosting company has a problem preventing new shows from being published to the feed. Listeners must be wondering what's going on.... The hosting company acknowledged the problem and are working on it.

Now that parts of the economy are opening up, we’re starting to see the opening up of the courts as well. We’re continuing to see rising cases of Covid-19 which has claimed 155,000 lives in the US since March and 9,000 lives in Canada. With that we’re starting to see litigation associated with the Covid-19 pandemic. A report in the Wall Street Journal on Thursday reported that hundreds of lawsuits...

On today’s show we’re talking about Freedom of Speech and what it means to be neutral. The year was 1889 and Almon Strowger was the local undertaker in Kansas City Missouri. Clients would call the operator and ask to be connected with the undertaker. The operator was called Mabel. They were all called Mabel. In those days, the operator would patch you through by pulling a wire out of the console a...

As students prepare to go back to school, the question on the minds of many student housing operators is “Has a university education changed forever?” Universities in the US represent about 20 million students, faculty and staff. That’s almost the same as the population of Chile in South America or Romania in Europe. those planning to reopen campus to students have different ideas about how best t...

On today’s show we’re talking about the discipline of making decisions based on the numbers. In the past couple of weeks I went through a process of underwriting a property that is a rare property. We’re talking about a property at 316 Water Street. As you might have guessed by the name, the property is on a body of water. This was a distressed property that was a bank power of sale. In my home ma...

Ben from Oklahoma City asks We are looking at building a residential assisted living center consisting of 12 residential care homes. What are your tips on mapping supply and demand for the market. Our current approach is googling and building a list and talking with folks that are already in the assisted living industry for the market.  Do you usually commission a 3rd party to do a market stu...

Jyoti is an analyst with Trepp in New York City, specializing in commercial mortgage backed securities. On today's show Jyoti gives a basic tutorial on the CMBS market and how it operates. If you want to learn more, reach out to her at info@trepp.com.

George is a repeat guest on the show. He's best known for his role as Executive Vice President in the Trump Organization. He's the best selling author of two books on real estate and negotiation. He taught at the law school at NYU for over twenty years. In business for over 60 years. At 92 years of age, one of the wisest men I know. On today's show George discusses the current market conditions, t...

On today’s show we’re talking about your frame of reference. The price of silver has gone up 28% in a little over two weeks. But we’ve been saying for a long time that silver is undervalued relative to gold. Two months ago gold was trading at 115 times the price of silver. In historic terms, that’s a nearly record breaking ratio. Either gold was over valued or silver was undervalued. Through much...

On today’s show we’re taking a look at what’s happening in the housing market and make sense out of some pretty confusing data. Last week we reported that lumber prices have increased to record levels, driven by outdoor construction projects at restaurants, the low inventory in homes for sale, and numerous home improvement projects are driving demand for building materials. On a recent project tha...

On today’s show we’re taking a look at what’s happening in population migration. Over the past 20 years population growth among secondary and tertiary markets has outpaced that of the country’s large primary metros. A new report from Marcus and Millichap shines a spotlight on a trend that has been accelerated by the events of this year. Over the past two decades total population growth was 70 perc...

On today’s show we’re talking about how the Pandemic is going to shape the near future for real estate investors. Our entire economy situation, both in the US, Canada and much of Europe is based entirely on the printing of money by central banks. Our entire economic system is fully dependent on the free flow of low cost debt. Every major sector of the economy has a financing plan associated with i...