Invest Florida - A Real Estate Podcast
by Eric Odum, Steven SilvermanLooking for an edge in the real estate investment market? Not sure which markets or market segments offer the best opportunities or which strategies to implement? You have come to the right place….Hosts Eric Odum and Steven Silverman blend decades of combined experience in the real estate investment market along with their expert guests covering topics in lending, investment strategies, property management and development…. giving you actionable investment ideas each and every episode you can use to learn and grow….all with a Florida twist.
Copyright: ©2014 InvestFloridaShow.com
Episodes
Ep. 206 Colin Murphy: Personal Perspective on Single Family Investing during COVID19
39m · PublishedToday we talk with Colin Murphy about how the COVID19 crisis is affecting the single family market. Colin is active in the affordable single family home market - $150k-$180k concrete block homes - and they have been remarkably resilient which means he hasn't seen many discounted prices or special deals as a result of COVID19.
At least in the near future, Colin doesn't think we will see a wave of short sales or foreclosures. Some of the reasons for this are that banks aren't giving out the bad loans now that they were giving out 12 years ago. Also, a record number of home owners have refinanced which has given them additional cash flow to weather a storm. There is just not as many distressed homes on the market to get a discounted price or deals. This can all change, however, as real estate is a lagging indicator and is a couple of months behind the wider economy.
Ep. 205 Albert Auger: Living Abroad while Investing in Florida
43m · PublishedToday we talk with Albert Auger who shares his story of how he went from broker to developer to investor. Albert is a successful real estate investor who's cash flow allows him to live in Europe while he continues to invest in Florida. His model is "keep it simple" and his strategy is value-add, stay in the property for 3-5 years, stabilize it, then sell it.
Albert gives some practical advice such as suggesting going out and doing your own research. Don't assume that just because somebody says property is "prime property" that it actually is prime property - ask "why" it is prime property. Also, try to talk to people in person to build good relationships, or at least get on the phone and talk to people and start making connections.
Key Discussion Points
[01:01] Opening remarks by Eric & Steven
[05:32] About our guest: Albert Auger
[06:11] Background on how Albert got started and where he's from originally
[10:45] Tell us about the first property you invested in and what you learned
[17:39] Tell us about your book and why you decided to write it
[22:52] How is it working for you living in Europe but investing in Florida?
[28:42] What is your opinion on recent news of Retail going away and never coming back?
[34:37] Do you have some fixed partners you work with? And are you still looking for partners to network with?
[38:24] How can people contact you or purchase your book?
[39:29] Closing remarks by Eric and Steven
Ep. 204 Eric Odum & Steven Silverman: Overview of Commercial Real Estate during COVID19
40m · PublishedOn today's podcast Eric Odum and Steven Silerman give their thoughts and analysis on the Commercial Real Estate market during this COVID19 pandemic. They cover each asset class from retail and office to residential / multifamily to Industrial and everything in between.
While COVID19 has put the breaks on a lot of real estate activity, there is a light at the end of the tunnel. People are social by nature, and are ingenious. Business models are evolving and changing with the times to stay competitive. As Eric Odum stated during the podcast, "Don't bet against people being people."
Key Discussion Points
[01:01] Opening remarks by Eric and Steven
[04:11] Retail Asset Class
[08:58] Restaurants are getting bludgeoned due to COVID-19
[11:13] Office Asset Class - Current and future changes to the Office environment
[18:08] Residential & Multifamily Asset Class
[22:07] Industrial Asset Class
[25:07] Storage
[27:53] Student Housing & Education
[30:46] Hospitality Services (Hotels)
[31:59] When is there going to be a buying opportunity?
[36:10] Summary remarks by Eric & Steven
Ep. 203 Rod Khleif: Staying Positive about Multi-Family Real Estate during the COVID Crisis
41m · PublishedToday 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
53m · PublishedToday 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 back until 2022?
[33:09] How are you dealing with the banks?
[45:54] How can folks find you and connect with you?
[51:03] Eric's Closing Remarks
Ep. 201 Eamon Anderson: Alternative Security Deposit Solution for Commercial Businesses
30m · PublishedToday 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 up the full amount of the deposit in cash. The tenant can then reinvest the money they're not giving to the landlord.
Ep. 200 Owen LaFave: The CARES Act Paycheck Protection Program
25m · PublishedCongress 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 Program (PPP) / CARES Act ($2T stimulus package)
[11:08] Discussion about role of SBA / Banks for PPP loans
[15:34] Will the PPP loan funds be forgiven?
[17:11] Who is eligible to receive PPP loan funds?
[18:35] What criteria determines the loan amount a business can get?
[20:10] Closing remarks by Owen LaFave
[22:24] Eric's Closing Remarks
Ep. 199 Eric Odum: Covid-19 Impact on Commercial Real Estate Landlords and Tenants
23m · PublishedWith 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] Programs and ways for tenants to get financial help if they are struggling due to the COVID-19 pandemic
[06:21] As a landlord, how do you respond when a tenant comes to you needing financial relief or rent reduction
[10:00] Be prepared for tenants to invoke the “Force Majeure” clause (Act of God clause)
[11:18] Eviction and Abandonment
[17:44] Eric's Closing Remarks
Ep. 198 Christy Murdock Edgar: Getting More Leads with Content Marketing
53m · PublishedOn 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
56m · PublishedOn 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."
Invest Florida - A Real Estate Podcast has 302 episodes in total of non- explicit content. Total playtime is 197:10:17. The language of the podcast is English. This podcast has been added on August 26th 2022. It might contain more episodes than the ones shown here. It was last updated on May 31st, 2024 19:15.
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