The Real Estate Espresso Podcast

Jerome Myers is based in Greensboro North Carolina where he coaches students from across the country in how to grow their real estate investment business. To connect with Jerome, visit JeromeMyers.co ---------------------- Host: Victor Menasce email: podcast@victorjm.com

Preston Walls grew up in a real estate family. Today, he builds medium sized apartment buildings in the heart of Seattle. Preston takes a hyper-local perspective to real estate and continues to thrive in an otherwise difficult market. To connect with Preston visits WallsPropertyGroupRE.com. ---------------- Host: Victor Menasce email: podcast@victorjm.com

On today’s show we’re going to look at the insanity of cause and effect relationships that are being promoted in our economic system. I’m an engineer by training. When you look at systems in the physical world, they follow the laws of physics. Galileo understood these principles at an early age when he dropped two cannon balls of different weights from the leaning tower of Pisa. To everyone’s shock and amazement, both cannon balls landed at the same time. Back in those days, Galileo experienced political pressure and division. But the physics didn’t care about the established power structure in the community.

I’ve had a number of podcast guests and listeners ask about what it takes to be a guest on this show. On today’s show we’re going to look at two aspects of podcast recording. What I’m going to talk about is equally applicable to a radio show or even video. We are talking about audio quality. I’m often approached by real estate investors to be a potential guest on this show. I would say that I average about 2-3 requests per day to be a guest on the show. I reject the vast majority because I don’t think they would be a good fit for you, the listener. Our listeners are sophisticated investors. Many of you are experienced apartment investors. Some own thousands of units. We have listeners who are investment bankers. We have lenders. We have people who are architects and engineers who work for some of the major commercial builders around the nation. You are not a rookie audience. We are not the “We buy houses” crowd who are out there sending thousands of mailers hoping to close a tiny percentage of distressed home owners. In order to be a guest, you have to have a message that is relevant to our listeners. That’s a given. Next you have to be able to deliver quality audio. On today’s show we’re going take a deep look at audio quality. I want you to hear the difference between a professionally recorded and edited show, versus one that has been thrown together. When you are listening to a show with high production values, you don’t notice the audio quality. It is effortless to listen to even in a wide range of environments. -------------- Host: Victor Menasce email: podcast@victorjm.com

On today’s show we’re taking a look at housing sentiment. The folks at Fannie Mae conduct some of the best research in the nation. The just published their housing sentiment survey for January 2022 and the results show some interesting feelings about real estate. The survey consisted of 1006 households from Jan 3 to Jan 24. The home sentiment purchase index has a number of components. They look at questions like Is it a good time to buy? Is it a good time to sell? Will home prices go up, down or stay the same? The survey looks at job security and whether people are concerned about Respondents also predicted their expectation for home price increases and rental price increases. --------------- Host: Victor Menasce email: podcast@victorjm.com

This question comes from Jen in Bulgaria. She asks, I’m preparing to close on a house purchase that forms part of an attached dwelling. The basement apartment is a separate apartment and the lady who lives in the basement has been there nearly 50 years. The attic space which forms part of the main house is a third level. Legally, the attic space is written in the deed as a shared space. This means that the basement apartment has a partial claim to the attic space which is not truly connected to the basement. Think of it almost like an easement. We want full access to the attic space for living space and don’t want the risk of the lady in the basement making a claim to it. Would you take the risk of asking her to sign a release? She is probably unaware that she even has a theoretical claim to a fraction of the shared attic space. The lady in the basement is probably interested in selling her flat in a couple of years. How would you handle the situation? ------------- Host: Victor Menasce email: podcast@victorjm.com

On today’s show we’re talking about a relatively new environmental standard that is increasingly being referenced by government in order to qualify for certain incentives. That standard is called the 2020 Enterprise Green Communities. This standard is being adopted if you want to take advantage of affordable housing credits or affordable housing funding in most states of the country. ------------- Host: Victor Menasce email: podcast@victorjm.com

Our guest today hails all the way from Austin Texas where his team invests in commercial office, retail, and shopping centers on a national basis. On today's show we're talking about the focus for thriving in the current pandemic-adjusted market conditions. To connect with Ben or to learn more, visit hjhinvestments.com.  ----------------- Host: Victor Menasce email: podcast@victorjm.com

On today's show I'm speaking with Las Vegas financing broker Beau Eckstein about the Commercial PACE program which provides leading specific to energy efficient buildings. To learn more or to connect with Beau, visit beaueckstein.com. ------------------------ Host: Victor Menasce email: podcast@victorjm.com

On today’s show we’re taking a look at Canada. There was a recent prediction of market collapse of 10%-20%. The prediction came from Canada’s top bank regulator. We also have bureaucrats and politicians out there blaming house flippers for the run up in property prices. So we’re going to take a deeper look at how real estate markets work and see if we agree with the head banking regulator. While the example we’re looking at is in Canada, the same thinking can be applied to your local market conditions. --------------- Host: Victor Menasce email: podcast@victorjm.com