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Gavin & Josh talk real estate law with attorney Robert D. Strassel . They go over the basics of landlord tenant laws and Robert offers some resources for everyone so that they can remain compliant, informed, and in good standing.
Landlord/tenant relationships do not need to be confrontational or adversarial. What helps is when each party is informed and educated on what state law (and sometimes common sense) permits and prohibits everyone to do.
Tune in to this episode where Robert gives us a quick guide on how to be a good tenant and landlord while increasing your chances of success for renting property.
If you would like to connect with Robert Strassel and his team click on the links below:
Web: https://www.strasslaw.com/
Phone: (585) 786.9949
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Gavin & Josh interview long time NYS licensed home inspector Mike Mullen of DwellSure Home Inspections. Mike is a wealth of information in this episode and is jam packed with great information for new and seasoned home buyers alike.
Mike has almost 2 full careers worth of time dedicated to fields that have all culminated to an amazing knowledge base that make him one of the best in his field. His knowledge and his process makes him thorough, informative, educational, and results driven. Mike always strives for an incredibly empowered home buyer with every inspection that is performed.
Do Not miss this opportunity to tune in to this episode and share with a friend or family member who may get value from this.
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Gavin and Josh discuss the tools of the trade and what pieces of technology they use to get the job done. There are a lot of tools, apps, and productivity gadgets being thrown at the public everyday. They all want to be the one stop shop to get the job done, but often times that is just not the case.
Realtors use some parts of a lot of tools to keep them on track, their clients informed, and transactions moving forward. The goal at the end of the day in this business is to get to the closing table for our clients.
Tune in and see what they have to say about technology in the quickly evolving real estate world.
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Whats new in our neck of the woods!?
Gavin and Josh go over some things that have been changing in the real estate markets and clearing any confusion about what type of market we are actually in (Sellers Market). They will also discussing motivations for buying and selling and how people may be moving from a discretionary buying habits, and moving to buying out of necessity. They are seeing buyers second guess jumping in to a contract due to things like affordability, interest rates, and many other factors.
Tune in to find out what's new in the real estate markets!
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What's there not to like? A lot actually...We get it!
In this episode your hosts Gavin and Josh go through things that they have heard the public bemoan and lament when it comes to real estate agents. Sometimes we think we are doing a great job, but we really may not be delivering for our clients and fall short in some key areas.
Not to worry though. These things are completely solvable and by self reflecting, Josh and Gavin recognize some of these shortcomings as agents, and acknowledge that everyone can continually get better to provide a superior experience to clients everywhere.
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Seasons dictate a lot of our actions as humans, and buying and selling houses is no different. Gavin and Josh talk about the seasonality of buying and selling houses here in the northeast and a little bit about how to plan for repairs or upgrades if you are preparing your house for sale. There is never really an idle moment in the real estate world and everything has a time and place.
As a buyer, you are either searching and keeping your eyes peeled or working on getting closer to closing your transaction. As a seller, you are either in listing actions making sure that your home is in tip top shape during the listing period, or you are preparing your home for sale. Making necessary or suggested upgrades, repairs or decluttering to give your home the best appeal when you decide to list!
Tune in to today's episode and let Gavin & Josh know what you think!
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Today, Gavin and Josh are doing a high level review of the alphabet soup or more ABC's of real estate. These are terms and acronyms you may hear in a real estate transaction. They don't want you to be intimidated when you hear people using these. Rather Gavin & Josh want you to be informed and empowered! Listed below are the abbreviations and what they stand for. Tune in to find out more!
Property Condition Disclosure Statement (PCDS)
Lead Based Paint Disclosure (LBPD)
Earnest Money Deposit (EMD)
Property Inspection Notice and Addendum (PINA)
For Sale By Owner (FSBO)
For Rent By Owner (FRBO)
Comparative Market Analysis (CMA)
Comercial Real Estate (CRE)
Homeowner's Association (HOA)
U.S. Department of Housing & Urban Development (HUD)
Multiple Listing Service (MLS)
Single Family Home (SFH)
Multi-Family Home (MFH)
Net Operating Income (NOI)
Gross operating income − operating expenses = NOI
Return On Investment (ROI)
ROI= (Net Return on Investment / Cost of Investment) x 100
Cash On Cash Return (CoC)
Cash-on-Cash Return = Annual Before-Tax Cash Flow ÷ Total Cash invested
Capital Expenditure (CapEx)
The cost to acquire, maintain, or improve a piece of property. This can be used in determining if a project is worth the undertaking.
CapEx=ΔPP&E+Current Depreciation
Free Cash Flow (FCF)
Fair Market Value (FMV)
Gross Rent Multiplier (GRM)
Gross Rent Multiplier = Fair Market Value ∕ Gross Rental Income
Internal Rate of Return (IRR)
The internal rate of return (IRR) is a metric used in financial analysis to estimate the profitability of potential investments. IRR is a discount rate that makes the net present value (NPV) of all cash flows equal to zero in a discounted cash flow analysis.
Line of Credit (LOC)
Home Equity Line of Credit (HELOC)
Real Estate Investment Trust (REIT)
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Appraisal, assessment, market value, OH MY! What do these terms mean and how should you look at these figures to analyze a potential home purchase. Gavin and Josh go through the differences and how you should be using each of these numbers to determine different things about a home.
Be sure to leave a review and share this episode with your friends!
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Find us on Social:
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There are things that you should do, and then there are things you should not do when preparing your home for a sale. Gavin & Josh discuss both sides of this coin in this episode and how to best make your home look inviting, appealing, and sellable in today's market.
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Buying a home in a sellers market is difficult enough. Gavin & Josh are going to review some of the challenges buyers are facing in these tough unique market conditions and what buyers may be able to do to address these challenges.
Be sure to leave a review and share this episode with your friends!Email Us!!
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Ever wonder how real estate salespeople keep their worlds turning. Well it's actually because of the power house support people called Office Administrators, Administrative Assistants, Office Managers, Etc. Whatever you call these fantastic folks they keep the paperwork organized, the deals moving forward, our sanity in check, and a ton more!
See what our powerhouse administrator and HRC (Home Referral Corporation) Manager does during her day to day, and how she possibly manages to fit all of these awesome extras that not only got her recognition from her colleagues, but an award as well.
Lauren is the real MVP in our Book!
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What does it take to be a real estate investor? How do I get started? Gavin & Josh go over how they got started in real estate investing, some of the tools they use, and provide some materials to educate yourself before making the leap.
Real estate investing can be rewarding, exciting, and emotional at some points. It takes fortitude, resilience, and good old fashions stick to it-ness!! Just like any other profession this is a practice. The more you exercise those investing muscles the better you get at it.
So get comfortable being uncomfortable and tune in to see what it takes!!
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Gavin & Josh speak with long time real estate professional, and multi branch director associate real estate broker Michelle Schlossel. Michelle has been responsible for her brokerage's successful introduction to the Batavia, NY market and has transformed two other branches within the brokerage as well. From growing revenue to building quality teams, Michelle discusses how she did it and how she sustains the teams that she has built.
It takes great sales professionals to make a top performing brokerage, but it takes an even greater leader to guide and reveal to them just how excellent they really can be!
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Gavin and Josh get taken to school by long time veteran associate real estate broker Annette Rotondo! Annette tells them what it was like starting out and what it takes to last over 35 years in the business. She also lets them in on the secret of being as successful as she has been building relationships and forging friendships through the years. This is an amazing interview full of deep conversation with an amazing sales professional that you won't want to miss!
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Gavin & Josh are talking mortgages with Hunt Mortgage Consultant Nancy Callari Frank. They are going over loan types (FHA, VA, USDA, Conventional), requirements, why someone would pick one loan program over another and how there is sometimes a disconnect on what is best for the client but does not always make a good looking offer. There are plenty of factors that go into rates, mortgage terms, and costs to close and it is specific to each buyer. This is why it's important to talk to a mortgage consultant as a first step in the home buying process. Tune in and let us know what you think.
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Today Gavin & Josh talk home inspections...
Why you need one, why you shouldn't be so quick to waive them, and other great information. Tune in and let us know what you think,
Be sure to leave a review and share this episode with your friends!
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The age old conundrum of renting vs. buying is covered by Gavin & Josh in this episode. They cover when renting is a good thing and also when buying may be a good decision. They say that just because you can buy doesn't always mean that you should!
There are a lot of factors that affect this decision and sometimes the answers lie within yourself.They can help you with these discussions and guide you to an informed decision about the matter. Below is a neat resource to help you decide whether buying or renting makes sense for you and your family.
Nerd Wallet Buying vs. Renting Resource:https://www.nerdwallet.com/mortgages/rent-vs-buy-calculator
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In this episode Gavin & I illustrate what it's like to be a professional licensed real estate salesperson! We go over things like listing appointments, seller interactions, buyer calls, meetings, weekly check-ins. and all the things that we do on a daily, weekly and monthly basis to keep food on our tables and our communities well served.
The largest function of our job is to drive your real estate transaction to the closing table, but in between contract and closing is a whole bunch of stuff that we also need to deal with.We hope you enjoy this episode! Be sure to find us on social media and send us an email with your questions, concerns, or other real estate related questions!
Extras:
All Realtors owe their clients the following:
Obedience
Loyalty
Disclosure
Confidentiality
Accountability
Reasonable care/ Diligence
NAR Facts:
https://www.nar.realtor/research-and-statistics/research-reports/highlights-from-the-nar-member-profile
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Sellers must think like buyers!! Josh and Gavin outline how to be a good seller and give reasons why sellers should be thinking like buyers.
-They also go over what common terms mean such as AS-IS and Move In Ready! These terms may have changed over the past 30 years and we're going to discuss this a little bit.
- Price, Condition, Location!!!! As a seller you need to be incredibly cognizant about the condition and location of your home because that will have an impact on the price that you will be able to ask for in order to sell your home in an acceptable amount of time.
NAR Market Data:
https://cdn.nar.realtor/sites/default/files/documents/ehs-01-2023-summary-2023-02-21.pdf
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What makes a strong offer? Is there such thing as a strong or weak offer? There sure is. See how you can be sure that your offer is as strong as you want it to be in this episode. We will be covering:
Types of offers
What makes an offer good
Presenting offers
Improving your buying position
Negotiations
Be sure to leave a review and share this episode with your friends!
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