Monthly Archives: October 2018

Ep. 164 Brian Alford: Your Multifamily Market Outlook for the I-4 Corridor

Posted on by
Reply

Don’t miss a single show!

Get the Invest Florida Show Mobile App! Click here—-> Apple Android

Florida’s I-4 corridor has long been a hot-spot for investors. As a main commercial artery connecting the state’s east and west coasts, the area has served as fertile ground for investors of several asset classes. Now, thanks to explosive job and population growth in several metro areas, the I-4 corridor’s multifamily market has been booming.

I-4 Corridor Multifamily Market Outlook

  • The I-4 corridor’s major metro areas are experiencing intense growth
    • Tampa & Orlando
      • Lakeland, Lake Mary/Sanford (Sub-markets)
    • $1.24-$1.26/sf across all asset classes (30% increase in pre-recession rates)
  • Rental demand outpacing construction and inventory
    • Vacancies compressing
    • Markets primed for B + C-class rental drivers
  • Institutional investor activity increasing

5-Year Forecast

  • Expect to stop start seeing decrease in new home starts
  • Rental demand not likely to drop-off
  • Metro area growth metrics should slow, but due to sustained market demand will maintain an equilibrium state

About Our Guest

multifamily marketThis episode, we are honored to have Brian Alford join us to discuss this multifamily market outlook for the I-4 corridor. As a Market Economist for CoStar, Brian specializes in providing on-the-ground analysis for the Central Florida region, including the I-4 corridor’s major metro areas and sub-markets.

Brian brings with him nearly 15 years of experience as a financial analyst having worked with commercial real estate through a variety of asset classes.

If you are interested in getting a more detailed outlook on the I-4 corridor’s multifamily market, or you have additional questions regarding the Central Florida region, fell free to reach out to Brian directly. Additionally, you can find much of Brian’s published content online or by visiting costar.com.

 

 

Ep. 163 Jacob Gil: What Florida Real Estate Investors Need to Know About Amendment 2

Posted on by
Reply

Don’t miss a single show!

Get the Invest Florida Show Mobile App! Click here—-> Apple Android

What do you know about Amendment 2?

Florida voters have a lot of proposed amendments to consider this year. Amendment 2 could have the most wide-ranging – and potentially devastating – impact on the state as it effects renters and business owners alike. If you are a real estate investor, this effects you directly.

Maybe you aren’t fully aware of Amendment 2 or maybe you have heard conflicting information regarding it, but it’s important that you understand exactly what it is and what it means if it fails.

So we want to set the record straight. This episode, we’re talking what exactly this amendment is; it’s history, purpose and impact and we couldn’t have asked for a better guest to help us with that.

About Our Guest

Jacob Gil is the Regional Director of Everybody is for 2, a campaign aimed at spreading awareness as to the impact and purpose of Amendment 2. He is a veritable expert on this amendment and what it means for Florida property owners, landlords and business owners.

If you have more questions about Amendment 2 and its potential impact, you can contact Jacob directly at jacob@everybodyisfor2.com

amendment 2

Ep. 162 Jimmy Clark: Lawfare – 3 Potential Insurance Pitfalls You Need to Address in Your Lease

Posted on by
Reply

Don’t miss a single show!

Get the Invest Florida Show Mobile App! Click here—-> Apple Android

As a landlord or property manager, you’ve got a lot of responsibility. From leasing to maintenance, there are a lot of potential risk factors you need to mitigate. One way that you might find yourself in hot water as a landlord is in regards to how insurance issues are addressed in your lease.

When it comes to leasing, it is typical that both you and your tenants will each be held to specific responsibilities and duties. However, there is an additional oneness on your as a landlord to make sure these responsibilities are addressed correctly in your lease. Otherwise, you may be left holding the bag should an issue arise.

This episode, we take a look at some common insurance pitfalls that often go unaddressed until they become an issue.

3 Potential Insurance Pitfalls

Renters Policy – Many multifamily + single family leases require tenants to have renter’s insurance. While this can be a good idea, it can often be poorly executed in the lease. Negligence in enforcing renters insurance often falls on the property manager and/or landlord for not ensuring the tenant does not have valid insurance.

Rent Abatement – If your tenant is granted rent abatement following a casualty at the property, when can you expect to get reimbursed for loss of revenue from this lost rent?

Tenant Improvements - If you are installing tenant improvements, insure it yourself. Leaving insurance on tenant improvements solely to the tenant can open you up to unnecessary risks: preclusive clauses, co-insurance provisions, exclusions, etc.

About Our Guest:

ada compliance, lease insuranceJimmy Clark is the Senior Vice President and Real Estate Practice Group Leader at Harden, one of the southeast’s largest risk management and insurance firms.

This episode, Jimmy offers up three essential tips all landlords need to know about leases. He shares the common insurance pitfalls that you need to make sure are addressed with your tenant(s) when drawing up your leases.

If you want more information on common insurance pitfalls when it comes to your real estate investment, you can contact Jimmy directly at jclark@hardeninsight.com or 813-367-5609

Don’t miss this episode on protecting your lease from common insurance pitfalls!