Invest Florida - A Real Estate Podcast

Sinopsis

Actionable real estate investing ideas each and every week. This is a podcast for every real estate investor looking for cash flow opportunities - the difference is, we offer a Florida twist.

Episodios

  • Ep. 203 Rod Khleif: Staying Positive about Multi-Family Real Estate during the COVID Crisis

    Ep. 203 Rod Khleif: Staying Positive about Multi-Family Real Estate during the COVID Crisis

    18/05/2020 Duración: 41min

    Today we talk with Rod Khleif -- real estate and multi-family investor in Sarasota, FL -- about how he is coping during this COVID crisis. Although Rod admits that a lot of business aren't going to make it through this pandemic, he takes the position that "along with serious pain, there will be serious opportunity" and that investors should focus on moving forward and not get caught up in the fear and hype. Key Discussion Points [01:03] Opening remarks by Eric Odum [04:14] About our guest: Rod Khleif [05:12] Tell us how you're faring in multi-family and what the outlook is for the future [12:12] What's your situation with managing your tenants during this COVID crisis? [24:31] How should investors be positioning themselves for the future? [29:06] Are you worried about not having a COVID vaccine for another 18 months? [34:23] How is this recession different than the last recession? [40:04] Closing remarks by Eric Odum  

  • Ep. 202 Beth Azor: Managing Properties, Tenants, and Banking Relationships during the COVID Crisis

    Ep. 202 Beth Azor: Managing Properties, Tenants, and Banking Relationships during the COVID Crisis

    04/05/2020 Duración: 53min

    Today we talk with Beth Azor, founder and principal of Azor Advisory Services, as she shares her current experience with managing her properties, tenants, and banking relationships during this COVID crisis. Beth is facing the same fears and frustrations and many others in commercial real estate. What if I don't get the rent? Maybe I can pay this month's mortgage payment but what happens next month?    Beth gives unique insight as a person that is involved in all areas of commercial real estate. Retail, landlord, broker, property manager, and she's able to provide a deep perspective on what the various people inside the industry are going through right now and how they're coping and dealing with it.   Key Discussion Points [01:00] Opening remarks by Eric Odum [04:10] About our guest: Beth Azor [05:02] Give us an overview of your properties [06:05] How are you dealing with your tenants right now? [22:57] Are any of your tenants reacting in a very negative way? [26:35] Why don't think National deals are coming

  • Ep. 201 Eamon Anderson: Alternative Security Deposit Solution for Commercial Businesses

    Ep. 201 Eamon Anderson: Alternative Security Deposit Solution for Commercial Businesses

    20/04/2020 Duración: 30min

    Today we talk with Eamon Anderson, director of strategy and underwriting at TheGuarantors agency, about an alternative security deposit solution for commercial businesses that helps both the landlord and the tenant. Their solution is basically an insurance version of the commercial security deposit that protects the tenant and landlord for the term of the lease from potential loss of rent payments.   From a landlord's perspective, it's as good if not better than the incumbent's solutions to cover the risk of missed rent or high upfront tenant improvement (TI) cost. They're getting a surety bond that works just like a letter of credit and it's backed by investment grade credit, payable on-demand. And from any of the landlord's lender's perspective, it works just like a letter of credit.   From a tenant's perspective it's a lot cheaper option because it's unsecured. All tenants have to do is pay an annual insurance premium, typically an average of 5% of the security deposit per year, and they never have to put

  • Ep. 200 Owen LaFave: The CARES Act Paycheck Protection Program

    Ep. 200 Owen LaFave: The CARES Act Paycheck Protection Program

    04/04/2020 Duración: 25min

    Congress just recently passed the Federal Coronavirus Relief Bill referred to as the CARES Act. The centerpiece of the CARES Act is the $350 billion Paycheck Protection Program (PPP) which is designed to help small businesses such as real estate investors / agents, landlords, business operators, etc.. continue to make payroll at their staff's current pay rate as well as cover key expenses by offering low interest rate loans with forgiveness potential.   Today we talk with Owen LaFave, Pinellas County market president for the Bank of Tampa, about the CARES Act PPP loans including who is eligible, what loan amounts are possible, and whether the loans are forgivable. Just remember that the PPP loans will be distributed on a first-come, first-serve bases, so you should get with your banker as soon as possible since the stimulus funds are limited and will eventually run out.   Key Discussion Points [01:01] Opening remarks by Eric Odum [04:00] About our guest: Owen LaFave [08:35] Discussion about Payrol Protection

  • Ep. 199 Eric Odum: Covid-19 Impact on Commercial Real Estate Landlords and Tenants

    Ep. 199 Eric Odum: Covid-19 Impact on Commercial Real Estate Landlords and Tenants

    27/03/2020 Duración: 23min

    With the arrival of the Covid-19 pandemic, the last several weeks have taken an unfortunate turn, and this has affected the commercial real estate world as well. For commercial landlords and investors, there are some very real issue you are facing as more and more tenants start facing financial hardships due to their businesses being closed.   As a commercial landlord, you need to be prepared to respond when tenants start coming to you with needing financial relief and/or rent reduction. There are programs that can help your tenants (we discuss a few programs on this podcast). You also need to be prepared for the possibly of tenants invoking the "Force Majeure" clause (Act of God clause). Just remember that it will benefit you in the long run if you treat your tenants as human and not just as a lease or cash flow stream.   Key Discussion Points [00:58] Opening remarks by Eric Odum [01:56] During this COVID-19 pandemic, landlords should treat people as human and not just as a lease or cash flow stream [05:12] 

  • Ep. 198 Christy Murdock Edgar: Getting More Leads with Content Marketing

    Ep. 198 Christy Murdock Edgar: Getting More Leads with Content Marketing

    23/03/2020 Duración: 53min

    On today's podcast we talk with social media expert Christy Murdock Edgar about the importance of content marketing and how it can help generate more leads for your business. Social media enables people to feel like they know you before they actually make contact, and this makes connecting with you even easier. After all, people do business with people - not companies.   Christy shares some great tips and discusses the importance of a credible, good looking website as well as the benefits of having a blog, podcast, or video that you release regularly. She also shares the three (3) core content pieces you need to help drive traffic to your business.

  • Ep. 197 Michael Mincberg: Mixed-Use Development

    Ep. 197 Michael Mincberg: Mixed-Use Development

    09/03/2020 Duración: 56min

    On this week's podcast we talk with Michael Mincberg about multifamily and mixed-use development. Michael talks us through everything from what he looks for in multifamily investments to his decision-making process for ground-up deals and the regulations and zoning issues around mixed-use.   Michael also tells the story of how how he got started in real estate. He acknowledges that while he is now at the top of his game, it took a lot of hard lessons from tough experiences to get him to where he is today. These experiences helped Michael understand the importance of forming long-term relationships over just "getting the deal."

  • Ep. 196 James Schmidt: Foreign Investors (and what they should know)

    Ep. 196 James Schmidt: Foreign Investors (and what they should know)

    24/02/2020 Duración: 39min

    Today we talked with James A. Schmidt, Esq. about foreign investors and the things they should be aware of when investing in the U.S. and Florida. Foreign buyers need to take special precautions to ensure a smooth investment process.   Foreign investors need to learn the market, get good advice, and building a team that consists of : brokers property managers laywers accountants and others who can deal with zoning, property inspection, and possibly engineering It's particularly important for the foreign buyer outside the country to have people local to the area that they can trust who can help them execute whatever goals they have on a particular asset that they are purchasing.    Key Discussion Points [05:48] About our guest: James Schmidt [11:54] What are some things foreign investors need to aware of when investing in Florida [14:19] Explanation of FIRPTA (Foreign Investment in Real Property Tax Act) [18:22] When a foreign investor comes to you, what is the process to ensure everything is prope

  • Ep. 195 James Donnelly: Residential Property Management

    Ep. 195 James Donnelly: Residential Property Management

    10/02/2020 Duración: 41min

    With the cap rate compression environment that we're in right now, it's more important than ever for multifamily investors to be creative about how they add value in order to increase rents and get a good return on their investment.   In this week's podcast, we talk with James Donnelly, Founder and CEO of Castle Group, which focuses on residential property management. James discusses the 3 main strategies he employs to add value to his company's investments and deliver top level services and amenities to a new generation of every more demanding residents.    The 3 main categories James uses to add value is: Traditional value-add - e.g. painting, putting in a new floor, or adding new amenities Technology - using technology to make you not only more efficient, but also using that as a revenue stream Better management and service Join us for this podcast as James gives his investment advice and his take on the multifamily market in Florida. Key Discussion Points [04:48] About our guest: James Donnelly [0

  • Ep. 194 Mac McWhirter: Land Trusts

    Ep. 194 Mac McWhirter: Land Trusts

    27/01/2020 Duración: 32min

    In this episode we discuss land trusts with Mac McWhirter, executive director of WorldWide Trustee Services LLC. And we explore the many advantages land trusts have to offer. Some of the main advantages are privacy of ownership (anonymity) and the possible avoidance of a probate. A land trust can also help protect against judgments and liens, facilitate estate planning, prevent land partition, and ease real estate title transfer. And Florida is one of the best states to hold title in a land trust!   Mac also discusses some potential disadvantages of land trusts such as the false belief that the trust protects property owners from all liability. The other key thing to realize is that, even though there is anonymity for the property owner, a court can order full disclosure of property owners for certain civil and criminal complaints.   Key Discussion Points [07:52] How did you get into land trusts? [08:51] What problems does a land trust solve? [10:26] Does a land trust work like an LLC? [11:49] Can somebody

  • Ep. 193 Derek Waltchack: Opportunities in the Florida Retail Market

    Ep. 193 Derek Waltchack: Opportunities in the Florida Retail Market

    16/12/2019 Duración: 49min

    On today's podcast, we talk with Derek Waltchack about the retail asset class with a focus on strip centers. As Derek shares, there is a lot of misinformation about the retail asset class. Many investors steer clear of retail, especially when retail assets like malls are not doing so well -- but malls are not the real "bread and butter". Despite what you may hear, retail is a very stable asset class, especially when it comes to strip centers in good neighborhoods.   Derek also takes us into the new modern world of blockchain, the record-keeping technology behind bitcoin that is used to store digital information in a public database, and which is starting to be used in real estate transactions.   Key Discussion Points [06:02] How did you transition from broker to owner? [10:47] What investments are you looking for in Florida? [18:44] Why did you choose Florida / I-4 corridor for retail investments? [25:30] What kind of cap rates are you looking for? [38:42] Where does your debt financing come from? [31:01] Fro

  • Ep. 192 Daniel Jaramillo: South Florida Market

    Ep. 192 Daniel Jaramillo: South Florida Market

    02/12/2019 Duración: 46min

    In this episode, our guest Daniel Jaramillo gives us his take on the South Florida market. The low caps are making finding deals more difficult, but they are out there. And although prices remain about the same, it is taking longer to make deals. Also, the South Florida market is changing, and suddenly it is making sense to do construction again.   Daniel has an interesting perspective since he deals not only with domestic investors, but also with both foreign investors, particularly from South America.  Some of his advice for foreign investors (and domestic investors) is to do your due diligence before spending money on investments, especially if you aren't familiar with the area. And, don't make the mistake of thinking you don't need property management just because you are buying condos and think that is less of a risk. Also, when you're first starting out, sometimes the best way to get a deal done is to partner with someone.   Key Discussion Points [05:05] How did you get started in real estate? [08:16] O

  • Ep. 191 Melanie Finnegan: Tax Lien Investing

    Ep. 191 Melanie Finnegan: Tax Lien Investing

    18/11/2019 Duración: 41min

    With $14 billion in unpaid property taxes each year in America, tax lien investing is getting more and more attention from investors these days as a lucrative, low risk alternative to the volatility of only investing in the stock market.    When property taxes are not paid, counties are not able to fund services such as school teachers, police, and firemen and this in turn disrupts life as we know it. The solution? States have been assigning and transferring these unpaid taxes as liens to private investors which gives local governments an immediate infusion of cash with low risk.   Join us for this week's podcast as our guest, Melanie Finnegan, gives us an overview of what tax liens are as well as her investment strategies and things to watch out for when investing in tax liens.

  • Ep. 190 Coworking Space in the Office Market

    Ep. 190 Coworking Space in the Office Market

    04/11/2019 Duración: 38min

    In this week's podcast, Eric Odum and Steven Silverman share their thoughts on the Office Market, specifically the coworking space.   The coworking space has grown significantly, and it's going to continue to be the fastest growing sector in the Office Market. WeWork is a disruptor in this space, but recently is having financial issues which could cause some ripples in this arena, but would probably not be catastrophic and will most likely be absorbed.   The whole economy in America is changing as we become more of a service economy, and office space will always exist.

  • Ep. 189 Bryan Chavis: Multifamily Syndication and Investing

    Ep. 189 Bryan Chavis: Multifamily Syndication and Investing

    21/10/2019 Duración: 46min

    Everybody wants to be a syndicator but you really need to understand the back-end of the business before you go out and syndicate (what to do, when to do it, and understanding the systems that you need to have in place). Even if you get the money and the investors -- that is the easier part. The harder part is what comes afterward.    Brian discusses the best tried and true strategies to be a successful syndicator, such as asset stacking, having "boots on the ground", understanding how to operate the asset, attracting money, and judging whether an investment is considered a security (SEC). 

  • Ep. 188 How to Deal with Real Estate Brokers

    Ep. 188 How to Deal with Real Estate Brokers

    07/10/2019 Duración: 25min
  • Ep. 187 Jeff Klotz: Multifamily Investment Real Estate in Jacksonville, FL

    Ep. 187 Jeff Klotz: Multifamily Investment Real Estate in Jacksonville, FL

    23/09/2019 Duración: 50min

    Jeff Klotz talks about multifamily investing in Florida, specifically in Jacksonville and the I-4 Triangle (Tampa, Orlando, and Jacksonville) and also shares his positive outlook on the real estate market given the recent negative yield curve and tariffs.    He also tells his story of how he got started in real estate in high school, and how he kept growing his business to become CEO of The Klotz Group of Companies, which is the current middle market leader in multifamily real estate investments with a portfolio valued at over $1 billion.   Discussion topics and questions with our guest, Jeff Klotz   [03:14] Introduction of our guest, Jeff Klotz [04:54] How did you get into the real estate business? [05:57] When did you start getting interested in multifamily? [13:25] Tell us about the blind pool real estate funds you launched [22:20] What are some of the challenges of operating a syndication business? [27:02] How are you finding your deals? [29:03] Give us your take on the market from a high level, taking i

  • Ep. 186 Nahir Solis: Real Estate Mortgage Note Investing

    Ep. 186 Nahir Solis: Real Estate Mortgage Note Investing

    09/09/2019 Duración: 45min

    Did you know that over 50% of mortgages in the USA are owned by individuals and not banks? Nahir Solis does just that. She started a family operated investment firm that buys real estate mortgage notes at a discount of the current balance due, and then works with investors who are looking to purchase mortgage notes already vetted with due diligence and clear for investing.   If you have a self-directed IRA or 401k and have some money sitting around, notes are a good match for this type of investing since you're not paying taxes on the interest. So it works well for an IRA/401k or other types of protected retirement plans. The returns are good and the downside is protected if you do it right.   Join us as Nahir shares her story of how she got started in real estate mortgage note investing, and how her investment firm can help other investors looking for solid note investments that yield a higher than average return.

  • Ep. 185 Neal Bawa: Global Negative Bond Yields  How This May Affect U.S. Real Estate

    Ep. 185 Neal Bawa: Global Negative Bond Yields & How This May Affect U.S. Real Estate

    26/08/2019 Duración: 53min

    Neal Bawa discusses his analysis of the current global economy including Bloomberg's recent report that $17 trillion dollars worth of world-wide bonds have now gone negative -- which means the bonds' yield has fallen below zero. Having $17 trillion dollars of negative yielding debt has never happened in the history of the world before. So how will this affect the real estate market? Is a recession imminent?    You won't want to miss the insightful analysis Neal provides, and his advice for real estate investors.

  • Ep. 184 Greg Bond: The Orlando Real Estate Market

    Ep. 184 Greg Bond: The Orlando Real Estate Market

    12/08/2019 Duración: 32min

    In this week's episode, we talk with Greg Bond about his take on the Orlando market as well as what he's got going on with his property management business. Greg is still finding great deals by using basic common sense and some good marketing strategies. Some of his strategies include:   Diversifying his portfolio Leveraging IRAs Going to outlying areas to get better margins Renting to retirees   Join us for this episode as Greg shares is experience and insights into the Orlando real estate market.

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