The Best Ever CRE Show

Joe Fairless
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Mar 3, 2024 • 28min

JF3468: The Rise of Preferred Equity and What’s Really Happening with Multifamily Distress ft. Vicki Schiff

Vicky Schiff, CEO at Avrio Management, joins host Joe Cornwell on the Best Ever Show. In this episode, Vicky — a CRE entrepreneur and Adjunct Professor of Real Estate at Pepperdine Graziadio Business School — discusses preferred equity, its place in the capital stack, and the opportunity it presents for investors in the current CRE landscape. She illustrates this by breaking down a specific case study and goes on to discuss how rising interest rates have given rise to pref equity, all while explaining what’s really happening in the world of multifamily distress.   Previous Episode Vicki Schiff | Real Estate Background  AVRIO Hires and trains virtual assistants, primarily for real estate companies. Based in: Los Angeles Say hi to her at:  www.avriore.com Best Ever Book: Greatest Salesman in the World - OG Mandino   Sponsors: Monarch Money My1031Pros Viking Capital Learn more about your ad choices. Visit megaphone.fm/adchoices
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Mar 2, 2024 • 39min

JF3467: Tenant Horror Stories, Election Impact, and the Hard Landing That’s (Probably) Coming ft. Ash Patel and Joe Cornwell

Best Ever Show hosts Ash Patel and Joe Cornwell convene for a two-man Best Ever Roundtable. In this episode, Ash and Joe discuss the differences between screening tenants for commercial properties vs. residential, including the difficulties they’ve faced and mistakes they’ve made. They also dive into mindset tactics to overcome fear and imposter syndrome, strategies for working with mentors and accountability partners, and where they think the real estate market is going — and how they plan to adjust accordingly. To cap it off, Ash shares what he thinks will be the hidden catalyst that could get real estate back on track in 2024.   Sponsors: Monarch Money My1031Pros Viking Capital Learn more about your ad choices. Visit megaphone.fm/adchoices
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Mar 1, 2024 • 52min

JF3466: Asset Management - the Real Money Maker in Real Estate | Multifamily Fundamentals

Multifamily Fundamentals is a 10-part series hosted by multifamily investor and syndicator Matt Faircloth of the DeRosa Group. In each episode, Matt and his guests dive deep into the fundamentals of not just investing in multifamily, but in building a real estate business. They dissect everything from choosing the right market, to underwriting and financing multifamily properties, to mastering investor relations — all the way to building out your multifamily dream team. Matt Faircloth and the DeRosa team's episode on multifamily investing highlights the necessity of active asset management and strategic planning for success. It underscores that effectively managing multifamily properties involves hands-on oversight and a business-like approach to achieve profitability. Sponsors: Monarch Money My1031Pros Learn more about your ad choices. Visit megaphone.fm/adchoices
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Feb 29, 2024 • 10min

JF3465: The Pain of Discipline or Regret | Passive Investor Tips ft. Travis Watts

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor. Travis Watts discusses the choice between discipline or regret in investing, emphasizing the importance of discipline for financial success. He reflects on personal family experiences to highlight the value of time over money, advocating for a life of freedom and fulfillment through wise investing. Sponsors: Monarch Money My1031Pros Learn more about your ad choices. Visit megaphone.fm/adchoices
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Feb 28, 2024 • 28min

JF3464: Rents Are Cooling, but Not Everywhere: How Class A ‘Luxury’ Supply Is Putting Pressure on Class C Rents ft. Jay Parsons

Welcome to the Best Ever midweek news brief, a new series where we will highlight the top headlines CRE investors should be paying attention to this week, followed by a deep dive on a larger news topic or trend alongside a CRE expert. Today’s Headlines: Self-Storage Boom Set to Peak: A recent report from Yardi Matrix predicts a surge in supply for 2024 and 25, followed by a decline in later years, signaling a major shift in what’s become an attractive asset class for investors. ‘Cause for Optimism’ in NNN?: Triple-net-lease average closing cap rates declined in January while inventory dropped for a second consecutive month, to signs that Chris Lomuto of Northmarq says could be “cause for optimism.” Rents Are Cooling … Sort of: New “luxury” Class A supply is putting downward pressure on rents at all price points. It’s a phenomenon called “filtering,” and there are 12 U.S. markets where Class C rents are falling at least 6% year-over-year. All 12 of those markets have supply expansion rates ABOVE the U.S. average.   Today’s Guest: Joining host Paul Mueller on the Best Ever Show today is Jay Parsons. Jay is Head of Economics and Industry Principals at RealPage. As a rental housing economist, Jay is one of the leading voices in multifamily real estate. He’s an author, speaker, and an expert in market trends and forecasts, rental housing policy issues, property management, and more. If you want to read more from Jay on this story, he’s posted on Twitter and LinkedIn about it recently. You can also follow him on LinkedIn and on Twitter @JayParsons.   Sponsors: Monarch Money My1031Pros Learn more about your ad choices. Visit megaphone.fm/adchoices
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Feb 27, 2024 • 25min

JF3463: Ditching Student Rentals, Navigating Tenant Delinquency, and Letting Geographic Focus Drive ft. Mac Shelton

Mac Shelton — founding partner at Sweetbay Capital, which focuses on multifamily value-add deals in Virginia and the Carolinas — joins host Slocomb Reed on the Best Ever Show. In this episode, Mac discusses investing in student rentals before reading Joe Fairless’s Book — the Best Ever Apartment Syndication Book — and how the lack of scalability in student rentals led him and his partner to pivot to multifamily syndication. From niching down and investing in familiar markets to overcoming tenant delinquency, Mac shares his experience buying multifamily deals in the challenging landscape that defined 2023. Mac Shelton | Real Estate Background  Founding Partner at Sweetbay Capital Portfolio: 131 units with 60 more under contract Based in Raleigh, NC Say hi to him at www.sweetbay-capital.com Linkedin   Sponsors: Monarch Money My1031Pros Learn more about your ad choices. Visit megaphone.fm/adchoices
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Feb 26, 2024 • 42min

JF3462: Why ‘Always Be Closing’ Is Dead and Elevating Your Business with Virtual Assistants ft. Valentina Brega

Valentina Brega, owner/operator of HireTrainVA.com, joins host Joe Cornwell on th Best Ever Show, sharing her story of immigrating to the U.S. from Moldova and her origins in real estate. In this episode, she discusses cutting her teeth making cold calls at a wholesaling company, what she learned about communications from analyzing her own conversations, and how hiring virtual assistants can help elevate your business and do more deals. Valentina Brega | Real Estate Background HireTrainVA Hires and trains virtual assistants, primarily for real estate companies. Based in: Nashville, TN Say hi to her at:  https://hiretrainva.com/linktree/ Best Ever Book: Traffic Secrets - Russel Brunson Sponsors: Monarch Money My1031Pros Learn more about your ad choices. Visit megaphone.fm/adchoices
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Feb 25, 2024 • 32min

JF3461: A Master Syndicator’s Formula for Crushing It in Any Economic Environment ft. Ivan Barratt

Ivan Barratt shares his successful multifamily real estate operations, focusing on operational value, managing debt, and creating a motivating work environment. Discusses handling $40 million liquidity, investor classes, finding deals in the current market, and the importance of giving back.
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Feb 24, 2024 • 32min

JF3460: How to Get Your Tenants to Stay Forever ft. Frank Rizzo

Frank Rizzo, CEO of Stone Capital, an owner/operator of mobile home communities across the Southeast, joins host Slocomb Reed on the Best Ever Show. In this episode, Frank discusses the biggest value-add opportunities in mobile home park investing and how owner/operators can cultivate long-term residents. With a focus on community-building rather than managing parks like a typical multifamily investment, Frank shares the strategies that helped him and his partner go full cycle on multiple deals. Frank Rizzo | Real Estate Background CEO / Stone Capital Based in: Staten Island, NY Portfolio: Owned and operated over 21 Mobile Home Communities Say hi to him at:  LinkedIn www.themhpexchange.com www.stonecapinv.com Best Ever Book: Patrick lencioni, Your Next 5 Moves Best Advice: The Market Collapse of '07   Sponsors: Monarch Money My1031Pros Learn more about your ad choices. Visit megaphone.fm/adchoices
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Feb 23, 2024 • 56min

JF3459: Building the Best Ever Local Team | Multifamily Fundamentals

Multifamily Fundamentals is a 10-part series hosted by multifamily investor and syndicator Matt Faircloth of the DeRosa Group. In each episode, Matt and his guests dive deep into the fundamentals of not just investing in multifamily, but in building a real estate business. They dissect everything from choosing the right market, to underwriting and financing multifamily properties, to mastering investor relations — all the way to building out your multifamily dream team. In this episode, Matt Faircloth and Tara Smiley discuss building an effective local team for managing multifamily properties, emphasizing the importance of property and asset management, and sharing insights on vendor relationships and operational strategies for success in multifamily investments. Sponsors: Monarch Money My1031Pros Learn more about your ad choices. Visit megaphone.fm/adchoices

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