Category Archives: Podcast

Real Estate Investing in Florida Podcast

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. 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!

Ep. 161 Omar Khan: Understanding the Analytics of Multifamily Syndication

Posted on by
Reply

Don’t miss a single show!

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

For many investors, multifamily syndication is an intriguing and attractive way to scale investment goals. And with good reason. Syndicated funds can be used to leverage greater returns than you’d normally see investing on your own.

Syndication can be a great mutual benefit for both the syndicator and investor – if you understand what it takes for a good syndication deal.

Due diligence is important for any investment, but it’s especially true with syndications. In many ways the stakes are much higher. Whether your contributing capital for a syndication deal or you are the syndicator using using the capital of others, you need to understand the structure of a good deal.

That’s where analytics come in.

Understanding the Analytics of Multifamily Syndication

When you place your funds into a syndication pool, your putting a considerable amount of trust in the person actually making the investment. That’s why you should be aligning your investment goals with data-driven syndication deals.

If somebody is going to tell you your funds are in good hands, they better have the data and metrics to back that up. While no investment is zero-risk, a syndication deal backed by a comprehensive market and asset data analysis has much stronger prospects than one without.

About Our Guest

multifamily syndicationOmar Khan is a real estate investor with Boardwalk Wealth. Boardwalk Wealth is an investment firm that focuses on helping international investors find U.S. multifamily assets.

This episode, Omar discusses the importance of understanding the analytics of multifamily syndication and also shares why he is bullish on the Florida multifamily market.

For more information about Boardwalk Wealth services or to discuss Florida multifamily syndication deals, you can contact Omar directly at omar@boardwalkwealth.com.

 

 

 

 

Ep 159 David Diaz: How Technology is Changing the Property Management Game

Posted on by
Reply

Don’t miss a single show!

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

Managing Your Real Estate Asset

Regardless of your preferred property class, the way in which it is managed can make or break an investment. Competent property management can mean the difference between a successful investment and a financial albatross. Many first-time investors make the mistake of discounting the need for adept property management and find themselves in hot water.

From maintenance to tenant issues, there is a lot that goes into managing a real estate asset. If you plan on self-managing your property, you need to understand these aspects. Even if you hire a property manager, you need to understand fees and cost breakdowns.

Fortunately, the tech boom has enabled investors to more fully understand the administrative and operational functions of owning and managing a real estate asset. Now, you can connect with professionals that have the experience and know-how to guide you and empower you in understanding the property management process.

Property Management Meets Accessibility

For many investors, self-managing a property has meant a lot of trial-and-error; getting into what looks like a sweet deal only to find out it’s a lemon or worse… a total disaster.

But now, emerging technologies in the property management industry are allowing investors more access to the tools and resources needed for understanding the nuances of the field. Now you can get consolidated access to professional services and data so you don’t have to piece together you don’t have to learn how to manage a property the hard way.

About our Guest

property managementDavid Diaz is the Co-Founder and Head of Operations for Great Jones, a tech-based property management platform. Having bought, renovated, leased and managed over 10,000 homes for REITs, individual investors and his own portfolio, David is a foremost expert in single family property management.

 

Ep. 158 Leslie Plettner & Jack Boyajian: What Landlords Need to Know About Florida’s Medical Marijuana Industry

Posted on by
Reply

Don’t miss a single show!

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

Legalized cannabis is here to stay.

Despite the federal government’s unchanged stance, there has been a recent wave of states pushing for some form of legalized cannabis whether it be medicinal or recreational. With Amendment 2, Florida joined the ranks of other states that have adopted some form of a legitimate cannabis industry.

However since Florida voters passed medical marijuana into effect, there has been some uncertainty as the move faced moral and legal push-back from some business owners and municipalities. Real estate investors and landlords have been faced with some of the more difficult questions regarding the legitimacy of the medical marijuana industry.

Like any burgeoning industry, the market will face some growing pains. But turning away from medical marijuana in its earliest stages may be short-sighted. Medical marijuana and retail cannabis tenants already have demonstrable value; the investment potential is there. Education and understanding can go a long way in bringing you to the forefront of this emerging marketplace.

Leasing to Medical Marijuana Tenants

  • Zoning
  • “Sin Clauses”
  • Tenant Licensing

About Our Guests

legal cannbis Leslie Plettner is the Managing Director of BaseCanna. A lifetime entrepreneur, Leslie’s real estate journey started with designing and transforming under-performing schools before transitioning into a more robust role in real estate development. In 2015, Leslie set her entrepreneurial sights on California’s emerging cannabis market.

 

medical marijuanaJack Boyajian is the CEO of BaseCanna. Having handled over $3 billion in the development, management and conversion convert residential and commercial real estate, Jack focused his interests on the value of the legal cannabis industry after witnessing the demonstrated positive effects of medical marijuana.

BaseCanna offers comprehensive, turnkey real estate solutions as well as operational guidance for tenants involved in medical marijuana or retail cannabis. BaseCanna can help match landlords with licensed, qualified tenants.

If you have more questions about leasing to a cannabis tenant or just questions about Florida’s medical marijuana industry, visit their website.

 

 

Ep. 156 Neal Bawa: A Data-driven Investment Strategy Can Bring You Stable Returns

Posted on by
Reply

Don’t miss a single show!

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

Real estate markets across the board are tightening. In Florida especially, investors are finding not only more competition in major asset types, but also increased demand for construction materials and labor.

If you’re a multifamily investor, you’ve probably been feeling some considerable pressure affecting your investment growth. If you’re finding that your current investment strategy is no longer working for you, it may be time to consider a change.

A Data-driven Investment Strategy

Now more than ever, it’s becoming essential to delve into the data and metrics of real estate investing if you want to find a good deal. While digging into numbers may not be everyone’s idea of a good time, a data-driven approach to your investment strategy can give you an edge over market conditions.

You don’t need to be a Poindexter to factor data metrics into your investment strategy either. It’s more about being aware of — and understanding — how these external factors directly affect real estate. Tailoring your investment strategy with these in mind

About Our Guest

investment strategyNeal Bawa is a real estate investor and educator. His path to multifamily investing is unique in that he did not begin as a traditional investor. With a background in finance, Neal was working for a tech company when he was tasked with overseeing the build-out and development of a new corporate campus.

After converting another commercial development into office condos, Neal fell in love with multi-tenant real estate investing. Neal was able to apply his data-driven approach to multifamily investing and has since grown to be a considerable force in multifamily acquisitions and management.

Neal is the President and COO of Financial Attunement as well as the CEO and Founder of Multifamily U.

 

 

 

Ep. 155 Rick Melero: Flexible Investment Strategies Can Help You Keep Ahead of the Real Estate Cycle

Posted on by
2

Don’t miss a single show!

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

You don’t need to be an expert to know that the current real estate market cycle is winding down. As popular asset classes and sub-markets become more competitive, you may be finding your current investment strategies are not earning the returns you’d like. As we continue to feel the effects of a contracting market, you may be wondering what you can do as an investor to increase your earnings and ensure a successful strategy that can adapt with a changing cycle.

The good news is that real estate is a robust and varied industry. There’s more than one way you can earn money through real estate investing and there are creative, flexible investment strategies that you can develop to keep a strong portfolio even through market downturns.

Our guest this week discusses the power of flexible investment strategies as well and offers up a market overview for Florida’s I-4 corridor. We learn that, with an open mind and a will to adapt, there are still tons of opportunities open to investors!

You don’t want to miss this episode on building flexible investment strategies to keep you ahead of the real estate cycle!

About Our Guest:

real estate investment strategiesRick Melero is the Co-Founder and Principal of HIS Capital Group, a comprehensive real estate investment and lending group. Rick has assisted in the acquisition and restructuring of over $500 million in assets internationally.

Rick has worn many hats as a real estate investor. Early on, he realized there was a lot more to real estate investing than just wholesaling and single-family flips. Since then he’s gained experience across a variety of asset types and developed a unique insight into developing successful strategies.

 

Ep. 153 John Schaub: Earning Long Term Cashflow Through Single Family Tenants

Posted on by
Reply

Don’t miss a single show!

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

When you’re a single-family real estate investor, there comes a time when you need to start thinking about scaling your investing. The question at that point is whether to scale through a transition to other asset classes or continue to scale through single-family investments. While some investors find commercial and multifamily assets to jibe with their investment strategy, you may find that you can still build your SFR portfolio while earning long term cashflow through single family tenants.

Single family properties may not seem like the most direct path to your investment goals, but an investment strategy focused on earning cashflow through long term single tenants can prove to be successful.

Earning Long Term Cashflow Through Single Family Tenants

single family tenantsJust ask John Schaub. John is an active single family investor, landlord and author in Sarasota, FL. 

Getting his start in real estate as a broker, John initially subscribed to the notion that – in order to generate true wealth as a real estate investor – he would have to invest in commercial and multifamily properties. However, he soon found that these types of properties demanded a lot more work to maintain cashflow.

This episode, John talks the merit of single family properties as a way to earn long term cashflow. He discusses how stable, long term single family tenants can offer a (relatively) stress-free investment strategy.

Contact John

If you have more questions about how you can build cashflow through single family tenants, check out John’s book: Building Wealth One House at a Time.

If you have a potential deal you’d like to share with John, contact him directly through his website at johnschaub.com

 

 

 

 

 

Ep. 152 Casey Siggins: Your 2018 Real Estate Lending Outlook

Posted on by
Reply

Don’t miss a single show!

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

February marked this year’s Mortgage Bankers Association Conference & Expo. The annual summit serves as a chance for those involved in the real estate lending industry to discuss trends, market cycles and forecast conditions.

Trying to make sense of the real estate lending market?

For the uninitiated investor trying to make sense of real estate lending and financing options, it came seem like a lot to take on. There are a lot of factors that play into the overall conditions of the real estate lending market. The MBA conference is a great way for you to get a gauge on current lending conditions and alternative financing options as well as an idea of what you can expect to see coming down the road via legislative and regulatory changes.

If you can’t attend these conference, that’s okay! Each year, we talk with an industry insider who attended the conference to bring you key takeaways and insights into the world of real estate lending.

This episode, we talk with Casey Siggins, a loan origination expert with Franklin Street specializing in real estate debt and equity. Casey gives us his takeaway from the conference and we discuss what’s going on with the big players: agency debt, CMBS, and bank loans. We also talk alternative financing and lending options as well as construction loans.

Don’t miss this episode for your real estate lending outlook!

About Our Guest:

real estate lendingCasey Siggins is the Director of Loan Origination with Franklin Street Capital Advisors. Casey specializes in the origination of debt and equity for all income-producing properties. Previously a Senior Analyst with Franklin Street, Casey assisted in the transactions of more than $200 million in assets. Casey is actively involved with the Tampa Bay real estate investing community.

You can reach Casey directly at casey.siggins@FranklinST.com or by calling his office at (813) 397-1638. You can find out more about services offered by Franklin Street through their website.

 Resources

 

 

 

Ep. 151 Jon King & Kurt Westfield: Strategic Partnerships Can Help You Transition Your SFR Portfolio to Multifamily

Posted on by
Reply

Don’t miss a single show!

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

Want to transition your single family portfolio to multifamily investments?

It might seem like a lot to take on, but it can be done! If you are a regular listener, you have heard past episodes with guests discussing their transitions to more scalable asset classes. While each investor has their own, individual strategy for making the transition, there is a common thread throughout most of these stories: they didn’t do it alone. Scaling your real estate investment goals through a transition to a different asset class might seem intimidating, but forming strategic partnerships can empower you to realize and achieve those goals.

The Power of Strategic Partnerships

This episode, we learn how a focused vision and a strategic partnership helped one investor successfully transition from a single-family portfolio to multifamily and promoted mutual growth.

Our guests this episode are Kurt Westfield and Jon King.

multifamily investing and finding a strategy as an apartment investorKurt is a returning guest to the show, who has spoken about his own multifamily transition in the past. He is the co-founder of WC Companies – a full service real estate investment firm, as well as an active investor in the Tampa Bay area.

 

 

strategic partnershipsJon is a single-family investor currently transitioning to a focus on multifamily. Jon connected with Kurt’s story of transition and reached out about possibilities of his own. Thus, a strategic partnership was born. Jon and Kurt are in the process of liquidating Jon’s SFR assets and purchasing multifamily properties. Jon is also forming a syndication fund – Dreamstone Investments to leverage other people’s capital into managed assets.

This episode, Jon and Kurt discuss this transition and how strategic partnerships have enabled them both to explore new opportunities on their real estate journeys. Check out this episode to find out how you can leverage and scale your investment strategy!