The Real Estate Espresso Podcast

Latest Episodes:

Advanced Due Diligence Aug 05, 2021

Show notes

On today's show we uncover a future defect with a property. The ability to see into the future as part of due diligence is critical. This is a real life case study that fortunately averted a disaster.

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Host: Victor Menasce

email: podcast@victorjm.com

AMA - Should I Wait? Aug 04, 2021

Show notes

This question comes from Joseph in California.

Hey Victor;

Love your podcast. I have real estate as my primary source of retirement income, so building that portfolio of properties I intend to hold is something I want to do aggressively and smartly. We have $100K to move forward with another property or properties, though the prices are making me shy of moving forward. I’m sensing waiting till the “fenzy” calms down; will make smarter use of money. Even if the interest rates go up a little. I know your crystal ball is broken currently, nor are you here to give me specific personal guidance. I was wondering if your thoughts align with mine. Listening to Robert Kiyosaki; he seems to be waiting till a downturn to start buying. My thoughts are interest rates can always be adjusted after the purchase, though purchase price can’t.

Victor; is my aggressive patience warranted right now?

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Host: Victor Menasce

email: podcast@victorjm.com

What's New In Industrial Aug 03, 2021

Show notes

On today’s show we’re taking a closer look at what’s happening in the world of industrial. This is a summary of the findings from some new industry reports on the topic.

The growth in e-commerce is fueling the demand for more industrial and more warehouse space across the nation. Chicago Houston and Dallas account for nearly half the new additional 310 million square feet of space in the past 4 quarters.

The major transportation hubs have already attracted a lot of investment in industrial space. The opportunity lies in three main areas in my opinion.

1) There is opportunity in secondary markets that have largely been overlooked.

2) There is opportunity in specialty space such as refrigerated warehouse space. This is to give perishable products in the supply chain more flexibility to optimize their business operations in less expensive space than retail space.

3) Sale leaseback deals for both manufacturing space and logistics space for medium sized manufacturers.

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Host: Victor Menasce

email: podcast@victorjm.com

When The Evictions Begin Aug 02, 2021

Show notes

The housing industry is about to experience a wave of turnover. The Federal moratorium on evictions that was put in place by the CDC came to an end on August 1. Some states and cities still have local regulations in place which may further protect tenants from eviction.

I’m going out on a limb today to predict that as the moratorium on evictions is lifted we will see a game of musical chairs are tenants in arrears scramble to find new accommodations. In the process, we will experience a wave of emergency repairs to rental properties putting further pressure on the construction supply chain.

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Host: Victor Menasce

email: podcast@victorjm.com

BOM - Time Smart by Ashley Whillans Aug 01, 2021

Show notes

Our book this month is "Time Smart; How to Reclaim Your Time And Live A Happier Life" by Ashley Whillans.

The title might imply this is yet another time management book. This is not a time management book like so many out there.

We are a generation of over-worked, over-stressed, rushed maniacs. In 2012, a study found that 50% of working Americans were “always rushed” and 70% never had enough time.

Instead, it examines the decisions that each of us make with respect to time. But the root of those decisions is often found in the headwaters of the value judgements that we each make with respect to time and money.

Some people are financially poor. Some are time poor. Many are both. There are lots of people who have ample cash, but are still time poor. If you’re listening to this podcast, chances are high that you’re in that last category.

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Host: Victor Menasce

email: podcast@victorjm.com

Seth Teagle Jul 31, 2021

Show notes

Seth Teagle is based in Columbus Ohio where he manages a portfolio of over 600 apartment units, mostly for his own account. He discovered along the way how execution and scalability are linked together. Such a great story.

To connect with Seth reach out to him at seth@thestreamgroups.com

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Host: Victor Menasce

email:podcast@victorjm.com

AMA - How Many Units? Jul 30, 2021

Show notes

Today is another AMA episode (Ask Me Anything).

Karla writes:

Please share your thoughts on the ideal number of doors in each class asset from the business and administration perspective for a multifamily investment. It would be helpful to know the criteria to determine the number of doors.

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Host: Victor Menasce

email: podcast@victorjm.com

AMA - Version Management System Jul 29, 2021

Show notes

This question comes from Rod in the State of Ohio

In a past episode you discussed everyone being on same page (Literally) from a document version standpoint. You were evaluating different services and options at that point. Wondering if you could share your results of your analysis of your New System and any thoughts of why you chose a specific system for your needs.

We love your Podcast and Thank You for all that you do…

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Host: Victor Menasce

email: podcast@victorjm.com

AMA - Why Greensboro? Jul 28, 2021

Show notes

Today is an AMA episode (Ask Me Anything) Today’s question comes from Chris in Philadelphia. He writes:

"I love your RE Espresso podcasts--short and packed with info. Thank you for making these! They're perfect for my 10min walk to the office.

I recently listened to an episode you did with a fella from Greensboro, North Carolina, and you mentioned this market was heating up. I was delighted to hear that from you, as this is a potential market my partner and I have identified for multifamily investments.

I know the criteria we used to narrow down on this market, and I'd be happy to share if you'd care to know; but I'm also curious if you could share with me how you drill down on markets, and why specifically you believe Greensboro NC is heating up? I desire to learn this from you, the seasoned investor, to see if we landed on this market for all the wrong reasons, or to confirm that we are doing our due diligence correctly."

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Host: Victor Menasce

email: podcast@victorjm.com

Are People Returning To The Office? Jul 27, 2021

Show notes

On today’s show we’re taking another look at the prospects for the office segment. This is brought to you as a result of new report published by brokerage house Marcus and Millichap.

The report tells a tale of pain and opportunity.

Roughly 90 million square feet of new inventory is expected to be added to the market. These projects were started before the pandemic. As you know, once a project starts, you need to finish it. Markets that welcomed the most inventory were led by New York with 6 million square feet, followed by Chicago with 4.3 million square feet and Dallas-Fort Worth with 3.8 million square feet.

While the addition represents about 1% growth in the overall office square footage, the vacancy rate market wide is currently at 16% overall. But the hardest hit properties were those in the urban core. San Francisco had the biggest jump in vacancy to 18.4% as 14 million square feet were vacated.

To download the full report, here's a link to get it.

https://www.marcusmillichap.com/research/special-report/2021/07/office-midyear-outlook

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