In Episode 25 of the Profitable Powerhouse Properties Podcast, Jonathan Cook and Bryan Jenkins give an overview of today’s real estate investment markets in the context of COVID-19. They discuss what you should look for when searching for investment properties, how to make the most of your money, the benefits of being hyper-local, and more.
- Jonathan and Bryan give an overview of the markets today, with everything that has taken place this year with COVID.
- There has been an increase over several years in built-to-rent homes.
- Some neighborhoods that have properties that used to sell for very little money have skyrocketed in value and they’re seeing much higher than usual appreciation in value.
- A good market is simply one that makes money, and a bad market is one that doesn’t; it has nothing to do with whether you would want to live there.
- When you’re looking for an investment property, you need to find a local expert, usually a property manager, who pays attention to data beyond sale price to give you a much better sense of cash flow.
- Use hyper-local data to find where your money will be best spent.
- It took the real estate industry several weeks to sort through all the implications of the CARES Act and CDC guidelines.
- AHI is able to track highly detailed KPIs, beyond cap rates.
- Bryan says in addition to needing a market-specific expert, you should have both a 10,000 foot view and a 1,000 foot view; balance the macro and micro.
- Use all the tools at your disposal and choose the best tool for the job.
- A property manager’s job is to maintain your investment and help you get the highest return possible.
- Roofstock has created the category of e-buyer, and has necessitated a lot of additional education.
- Property managers maintain relationships between the people on a lease.
- Real estate is a mainstream investment now.
3 Key Points:
- The markets are strong right now despite COVID.
- Find a local real estate investing expert to help you direct your money.
- A property manager’s job is to help you maintain your investment and the relationship between you and your tenants.
- “What is a bad market? One that will make you no money. What is a good market? One that will make even more money.” –Jonathan Cook
- “It’s a client measuring our performance. So we internalize that. We want to optimize performance within our operation. So that’s why we monitor it.” –Bryan Jenkins
- “We are here to bring to our listeners expert knowledge through our lens, which is the one that hands the money to the investor at the end of the day.” –Jonathan Cook