The Real Estate Espresso Podcast

Latest Episodes:

Amazon in New York City Nov 14, 2018

Show notes

On today’s episode we are examining the larger implications of Amazons Second headquarters or HQ2 to the company's expansion plans. Last week Amazon announced that they plan to split their planned Technology hub expansion between two cities instead of one. Key to Amazon growth is access to talent. The 50,000 jobs that Amazon points to create over the next several years are technology jobs. They’re looking to hire software developers, mobile content developers. This isn’t just about hiring. Let’s think ahead. If Amazon is doubling their core technology workforce which makes up the backbone of the company, they are forecasting at least a doubling of the size of the company as well. Imagine a world where Amazon has twice the market footprint compared with today. This week New York City, and Washington DC are celebrating the coming influx of 50,000 high paying technology jobs. Where there is a big winner in this game, there are numerous small losers spread all over the country.

Air B and Busted Nov 13, 2018

Show notes

A team of New York City law-enforcement officers swarmed a Manhattan condominium last month, issuing 27 notices of violations for illegal hotel use in one of the largest single crackdowns on short-term rentals. The raid was at the Atelier, a 46-story Midtown luxury tower located on 42nd street near Times Square. This may be a sign of what’s to come. New York and other cities are seeking to limit short-term rentals that can run afoul of local laws designed to limit hotel-style stays in residential buildings. The latest twist in the war on short term rentals is a new bill, which becomes effective in February requiring online rental services, like Airbnb, to disclose the addresses of its listings and the identities of its hosts to the city’s Office of Special Enforcement on a monthly basis. Failure to do so is subject to a $25,000 fine per listing not disclosed. How can you influence your local politicians to implement sensible controls? Listen for some ideas.

AMA - Why Did You Choose to Eat Vegan? Nov 12, 2018

Show notes

Today is another AMA episode "Ask Me Anything". Adam from Riverside asks “You mentioned on previous shows that you are vegan. You seem passionate about it. Would you help us understand your rationale?” That's a great question Adam. In truth, it wasn't a single decision. It was a series of small decisions made over several years. The net result of which I feel better. I have more energy. But there's a resource component to this question that is pretty compelling. Check it out.

Special Guest, Darren Doyle Nov 11, 2018

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Darren Doyle is the General Manager at Agronosotros, the parent company of International Coffee Farms. They specialize in agricultural real estate development where they own a total of 16 farms between Panama and Belize. In this wide ranging conversation, Darren educated me on both coffee and chocolate production. This was a fun and fascinating interview. Enjoy. If you want to learn more, check them out at https://agronosotros.com

Special Guest, Keith Weinhold Nov 10, 2018

Show notes

Keith Weinhold is the host of the Get Rich Education Podcast and is a contributor to the Forbes Council on Real Estate. His new book is "7 Money Myths That Are Killing Your Wealth Potential". On today's show, we discuss two of the seven myths. Check it out.

Weed Is Legal Now in Canada Nov 09, 2018

Show notes

On today’s show we’re going to look at the Cannabis industry. Before we jump in, many of my friends outside Canada have asked me if I’ve gone out and bought some weed yet. Sorry to disappoint you. The answer is no. It’s just something I’m not that interested in. In spite of that, the investment community is very interested in cannabis and On today’s show we’re going to look at the industry from a real estate and investment perspective. Whether you are pro or against the cannabis industry, you may feel the economic impact regardless. There is going to be demand for agricultural land and for industrial space as a result of the cannabis industry. If you have any exposure to either of those segments, you will feel the impact.

AMA - Investments For Accredited Investors Only Nov 08, 2018

Show notes

Today is another "Ask Me Anything" episode. Karla asks "Many syndicators require investors to be “accredited “ . Can you share a few ways to become accredited using real estate investments? I.e . Buying SFH, etc." That's a great question, and has a legal component to it. I'm not an attorney and can't give legal advice. So please consult an attorney who specializes in securities law. But I can offer a perspective that hopefully is helpful. Have a listen.

When Your Subcontractor Breaks The Rules Nov 07, 2018

Show notes

Last month RealPage paid a $3.3M settlement with the Federal Trade Commission over allegedly failing to take adequate care during criminal background checks for potential tenants. Earlier this year, Ascenda paid $1.1M in a class action lawsuit for failing to get proper consent during employment background checks. Property owners and property managers in Illinois have received judgements against them in the thousands for failing to pay interest on security deposits usually amounting to under $10.00. All of these systems are being managed by the experts that you have hired, often blindly assuming they're doing things properly. What should you do?

Building On Land You Don't Own Nov 06, 2018

Show notes

On today's show we're showcasing a different way of developing through private public partnerships. Some transportation authorities have control over land without requiring the usual public consultation and zoning process for entitlements. If you have a dream of building a waterfront marquis property, you'd be amazed at what might be possible.

Systems Thinking and The Zone of Denial Nov 05, 2018

Show notes

We all face choices. The decision to accept a problem is made in an instant. It’s an instinctive reflexive reaction usually made on the basis of an emotional response rather than a rational response. If you’ve chosen to downplay the problem, then chances are you won’t deal with it until it mushrooms to the point where the problem is large enough you can no longer ignore it. Let's say you accept the problem exists and you undertake to fix it. But you're only fixing that single instance of the problem. In truth, creating a band-aid solution. But in truth there is a third type of solution that requires a different way of thinking. It requires systems thinking In systems thinking, you don’t solve a discrete problem. You create a solution that solves the immediate problem and prevents the problem from ever occurring again.

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