The Real Estate Espresso Podcast

Jeff Love is a real estate lawyer with Gibbs Giden in Southern California. This is one of the most difficult environments for real estate investors in recent years. Our conversation centered around how to form strong partnerships. You can reach Jeff at jlove@gibbsgiden.com

We are in an unprecedented situation economically. Because of that, we might conclude that there is no playbook for dealing with a crisis of this type. The question is, can we learn anything from the handling of past economic downturns and is there anything that we can apply from that past experience? I sat in on a conference call with the senior leadership from real estate firm Marcus and Millich...

We’re one week into the month of April. Landlords across the globe have been bracing themselves for a fall in rent collections in April. After talking with a number of investors over the past several days, some preliminary numbers are coming in. I spoke with a landlord in Texas who owns about 3,000 units. Their portfolio contains a mix of both B-class and C-class properties. Overall, collections a...

On today’s show, we’re talking about what you can do if you have a short term rental? Short term rentals, like hotels, and most of the hospitality industry are suffering deeply in this era of social isolation. You might be used to a high nightly rate, similar to what hotels are accustomed to getting. On average, this revenue stream is higher than the traditional monthly unfurnished lease. Today, v...

Folks, I’m an optimist. Those who know me would classify me as a solid optimist. But in the past few days, there has been a deluge of news that, quite frankly is heavily biased toward the negative. Let me be clear, I’m not here to propagate fear. But I think you ought to know what is possibly in our immediate future. Armed with that information, you can take steps to protect yourself and your fami...

On today’s show we are talking about why our governments policies in the aftermath of 2008 is making this economic downturn so much more painful than it needs to be. This all falls into the category of a self inflicted wound. I’m going to share some data with you from the federal reserve bank of St. Louis. But before I do let’s talk about the different types of expenses that a business or individu...

Chris Prefontaine is a repeat guest on the show. His no bank strategy is zero risk and very appropriate for a down market. You can learn more from SmartRealEstateCoach.com Fascinating conversation. You won't want to miss this one.

Billy Keels is a US Real Estate Investor, living in Barcelona Spain. On today's show he gives a first hand, boots on the ground perspective of what's happening with the Covid-19 outbreak in one of Europe's hot spots of the outbreak. 

Today is another AMA episode that is Ask Me Anything. I’m not going to attribute this question to any one listener because I've had several people reach out to me and ask the same question. The question is, “Do I think the stock market has hit bottom, or is there more downside risk?”

As real estate investors we all have projects at various phases in the pipeline. Projects that are completed, those that are in construction, and those that are still under contract. The impact of the current global circumstance on each of these will be different. It’s clear that the scope of the economic impact is going to extend beyond a few months. Governments are only now starting to come to t...

The Covid-19 outbreak has caused major upheaval in the lives of hundreds of millions of people. Things that seemed important only a few weeks ago have faded into the background. That massive dislocation has caused many to re-evaluate both the content and the context of their lives. Some people will re-evaluate their lives based on their own initiative. For many, that re-evaluation won’t happen unt...

The world is about to embark upon the largest economic experiment in history. They have no choice really. In a Formula 1 race, the yellow flag comes out when there is a problem on the track and the race is temporarily suspended. The cars continue to circle around the track. The speed is reduced to a safe speed and its impossible to make forward progress. Yes, you’re still burning fuel, but the rac...

On today’s show we’re talking about a French term that is often appearing in contracts, and insurance agreements. That term is "Force Majeure".  As of today’s show, the World Health Organization has declared the novel coronavirus (COVID-19) a pandemic; states of emergency have been declared in multiple states and provinces all over the world. There is no doubt that COVID-19 has and will...

Fabio Lopez comes to us live from Milan Italy, the epicenter of the Covid-19 outbreak in Europe. Italy's hospital system has been overwhelmed. Fabio's description of life under quarantine is much more restrictive than here in North America. 

Alan Schnur went through a life changing event that most of us can't imagine. He was working on the 101'st floor of the World Trade Center on September 10, 2001. This is a powerful story of transformation and of intentional growth. Many lessons in today's conversation. You can reach out to Alan at alanschnur.com.

On today’s show we’re talking about a topic that’s on every landlord’s mind. Which tenants will pay their rent on April 1? Part of anticipating the answer to that question is understanding who is still at work, and who has been laid off. There no question that this economic downturn will not affect everyone equally. If there’s a physical component to your work, chances are good that you’re going t...

History doesn’t exactly repeat itself. But it does rhyme. The year was 1775. The government in the British colony in North America was out of money to pay its soldiers. The American Revolution was well underway and they needed cash to to help fund the Revolutionary War. Continentals quickly lost value, partly because they were not backed by a physical asset like gold or silver, but also due to the...

Today’s show is the story of a conversation that happened in our household and probably mirrors conversations that are happening all over the world and maybe in your household. The messages of social isolation have been clear for weeks. We are in the middle of an exponential growth in the number of cases of the disease, the number of critical cases, and the number of deaths. When you know the equa...

This question is from Dan in Alberta Canada I just put an apartment under contract and working through the DD. It’s a 32 unit 4 storey for $50,000/door in a town with heavy reliance on the oil industry. At present the gross monthly revenues are 17k. The property was mismanaged and vacancy is 45%. The rest of the market has about 20% vacancy. Rents are now 20% less than the present market rents. In...

On today’s show we’re talking about preparation for the next several weeks. It’s stunning to me that I still talk to people on a daily basis who have made zero steps to prepare for a possible period of complete social isolation. Many who I spoke with in the past week had less than a week of supply in their pantry. We’ve starting preparing for the possibility of a social lockdown over a month ago....

Mr. George Ross, now 92 years old was Executive Vice President in the Trump Organization and Donald's right hand man for close to 47 years. On today's show George shares his perspective on the Covid-19 outbreak after having spoken with The President earlier in the week. 

Dr. Chris Martenson has a PhD in Pathology from Duke University and is one of the founders of Peak Prosperity along with Adam Taggart. Chris was one of the first people in the West to flag Covid-19 as a major global health issue on Jan 23. Today's conversation with Chris covers the outbreak from a scientific perspective. To find out more, connect with Chris at peakprosperity.com and check out his...

There are so many aspects to cover these days. The entire world is truly in uncharted territory. It seems almost trivial to wonder whether tenants will pay rent on April 1, and May 1 and June 1? Landlords truly don’t know how many tenants will have been laid off, and how many will simply not pay rent in anticipation of the need to conserve cash. These things may happen. We are in a moment of crisi...

Despite all the public warnings from governments and health experts all over the world, there are still people out there thinking that the SARS Cove-2, also known as Covid 19, the entire situation is being over-blown, that this is no more dangerous than the flu. The UK government was taking a very passive role up until a couple of days ago when they made a dramatic shift in strategy. The clearly s...

The airlines are critical to virtually everyone in society, including real estate investors. So today we’re talking about the airline industry. I’ve traveled extensively over the years for business and pleasure. Despite the recommendations from government to reduce travel, There are currently 90,000 passengers on cruise ships around the world whose fate is uncertain when their cruises end. Even on...