The Real Estate Espresso Podcast

On today’s show we’re looking at some of the recently announced or completed hotel conversion projects. These projects are happening all over the country. Hotel News Now maintains an online database of all the hotel conversions that are announced across the United States. You can download the entire excel spreadsheet and look at the details of each project. In 2019, there were a total of 47 hotel...

On today’s show we’re talking about how more New York City hotel owners are defaulting on their mortgages, succumbing to a crush of new supply and rising expenses. New York’s average daily room rate fell to $255.16 last year, according to hospitality research firm STR Global. That is down from $271.15 in 2014 and the lowest figure since at least 2013. A continued construction boom could push these...

On today’s show we’re talking about hotels and some of what’s happening in the hotel industry. The first major trend is that the hotel landscape is changing dramatically. Major hotels chains are launching more and more brands as they try to gain market advantage. Here’s what I believe. The value of a brand is called its brand equity. There is a ladder of brand equity that starts at the very basics...

On January 31, a motion was put in front of Los Angeles City Council to expropriate an apartment building because the affordable rent covenant was due to expire after being in place on the property for 30 years. The motion asks city staff to draft plans for using eminent domain to seize Hillside Villa Apartments, a 124-unit, privately-owned development in the city's Chinatown neighborhood to avoid...

On today’s show we are talking about how to use other people’s money. As real estate investors we are trained to use other people’s money. We use the bank’s money. We might joint venture and leverage a partner’s money. We might syndicate a project and bring investors along for the journey. Robert Kiyosaki is famous for his assertion that your home is not an asset. An asset is something that puts m...

Rich Danby is the founder of Masters of Real Estate and is a frequent guest speaker at live events and on podcasts. He can be reached at rich@mastersofrealestate.com

Today's show is a live Q&A from a thought leadership conference in Toronto. Many of the questions center around the design and production of the podcast.  Enjoy...

On today’s show we’re talking about conferences. Who needs them? Are they worth all the effort, expense and time? Nothing has impacted modern life more than mobile technology. In fact, if you’re listening to this podcast, 85% of you are listening on a mobile device, either iPhone or Android. The continued evolution of mobile technology is a global effort with companies from around the world involv...

David from West Virginia asks: Nothing is selling here in the coal fields of WV. However, the rental market is really good. My question is, knowing I can buy cheap and rent with my long term goal being to eventually sell, Is this a reachable goal with our real estate market? David, this is a great question. My heart goes out to the communities where the main industry is shrinking. The fact is, rea...

On today’s show we are talking about how the arsenal at the Federal Reserve’s tool chest is getting empty. The Fed is taking the approach of monitoring the situation closely. Fed officials at their meeting last week left their benchmark federal-funds rate steady in a range between 1.5% and 1.75% and signaled little reason to change course for now. Fed officials had signaled before the coronavirus...

On today’s show we’re talking about how to reduce our energy footprint and one of the obstacles to doing so. Energy consumption per capita in the US and Canada is among the highest in the world. While our homes have become much more energy efficient, we still have a long way to go. One ideal is the so-called zero energy footprint home. These homes not only lead the way in terms of energy efficienc...

Today’s story is about Mr. Steven Long. He’s a construction worked who lives in Seattle, Washington. Long had been homeless since March 2014, when he was evicted from his apartment after the rent got too high and he missed payments. He said he had previously lived out of a camper in the 1980s, traveling through five different states, so he thought he’d try sleeping in his truck.' In fall 2016, whe...

Marc Koran specializes in commercial strip malls. These assets are income properties with strong anchor tenants. Marc's take on this segment of retail space has a unique twist that aims to protect against the changing landscape of retail. He can be reached at marckoran.com.

Scott Choppin is based in Long Beach California where he specialized in  new construction work-force housing. You will learn a ton from this conversation on development in a difficult market. Check it out.  

Today we’re going to be sharing a collection of short stories that have one thing in common. They should never have happened. We’re starting with the mundane custom furniture company that took an order for a custom made sofa. The lead time for the sofa is a full ten weeks and let me tell you, those ten weeks are going to pose a commercial problem for the business that is waiting for the furniture...

Real estate investors are famous for saying that you can buy a property based on both price and terms. I will let you set the price as long as I set the terms. The trivial example is, I’ll pay you $10M for that old 1950’s single family home. But I’ll make daily instalments of $0.10 per day until the $10M is fully paid off. As long as you set the payment terms, you can agree to virtually any price....

Some people believe what they see. But in truth, I think the opposite is true. Most people see what they believe. Nowhere is that more true than in the political landscape. If you believe that the President of the United States should be removed from office, you’ll see evidence that supports your point of view. If you believe he’s innocent and was duly elected and is doing a good job, then that’s...

On today’s show we’re talking about a comprehensive look at short term rentals in a recent report from commercial brokerage house CBRE. This 52 page report outlines some major findings on the impact of short term rentals on the hospitality industry. The STR segment is also undergoing significant change as it matures. The supply penetration rate of short-term rental      (S...

Consumption accounts for 60% of GDP. Back in the 1970’s many of the western economies experienced the so-called stag-flation. The simultaneous occurrence of both economic stagnation and inflation. Traditional Keynesian economists postulated that monetary stimulus by governments would create economic growth. Until the 1970s, many economists believed that there was a stable inverse relationship betw...

David Barnett is a business sale consultant. He can be reached at davidcbarnett.com. Such a great conversation.

Brian Tracy has developed a massive following over the years because he has figured out how to connect with his audience. He’s studied with the likes of Jim Rohn, Les Brown, Og Mandino, Zig Ziglar, and Wayne Dyer. He’s part of that upper echelon of self improvement gurus. Brian Tracy’s book is “Get Smart: How to Think and Act Like The Most Successful People and Highest Paid People In Any Field”. C...

Ramon asks, I recently purchased a small multifamily property at which I am doing a renovation project with a budget of approximately $300k. My contractor and I have a long relationship, spanning more than 10 years, and have successfully completed numerous projects together. At the beginning of the project we defined a clear scope of work, timeline and payment schedule. After getting off to a good...

On today’s show I’m going to make a bold economic prediction, and its not a popular one. I don’t frequently make large predictions, but this one seems obvious to me. I haven’t seen anything in the media talking about this as of yet. I believe that we will see a global recession in 2020. The trigger for this recession is the outbreak of corona virus that has the city of Wuhan in China as the epicen...

Ray from Florida asks, I am talking to an owner that will owner finance 100% of a small 20 unit mobile home park, that also has 3 commercial buildings. The problem is that 16 Mobile Home sites are occupied and the homes are PARK-OWNED. From everything I’ve read it seems wise to see if I can get the tenants To own these homes through a rent to own program or gifting. The sellers business would then...

Today the Wall Street Journal reported that we could be facing a synchronized slowdown in home prices. On today’s show we’re talking about how to make sense of the conflicting data out there. But what’s reported in the news for individual home owners is very different from what investors will experience. The Wall Street Journal reported that across 23 countries, an index of inflation-adjusted home...