EP 59: Rates Finally Dropping? Living In Hell w/ The Californians, Should You Hire a Property Manager?

In this conversation, Ashton and Tavis discuss their experiences in the real estate industry and the challenges they face. They talk about the potential for scaling design work and creating floor plans for resale. Tavis shares his expertise in design and how he incorporates it into his real estate projects. They also discuss market updates, including the possibility of a rate cut by the Federal Reserve. They touch on news stories, such as a property dispute in Maine and the presence of fast food chains in high school cafeterias. They end the conversation by discussing the percentage of Americans who own their homes outright. The conversation covers the topics of downsizing, selling houses for cash, the influx of people from California and New York to smaller towns, self-managing rental properties, and the pros and cons of professional property management.

Keywordsreal estate, design work, scaling, floor plans, market updates, rate cut, property dispute, high school cafeteria, homeownership, downsizing, selling houses, cash buyers, influx of people, self-managing, property management

Takeaways

• Design work can be a valuable skill in the real estate industry, and there is potential for scaling and creating floor plans for resale.
• Market updates indicate a relatively flat market in the DFW area, with increased sales activity and inventory.
• The Federal Reserve may consider a rate cut, which could impact the real estate market.
• News stories highlight property disputes and unique features in high school cafeterias.
• A significant percentage of Americans own their homes outright, indicating a focus on wealth building and retirement planning. Many people have taken advantage of the increase in home equity by downsizing and selling their houses.
• Cash buyers from California and New York are moving to smaller towns and paying cash for properties.
• Self-managing rental properties can be a viable option for landlords who have the time and expertise to handle tenant issues.
• Property management companies provide a more hands-off approach for landlords, but it's important to find a reputable company.
• Clear communication and setting expectations are key to successful landlord-tenant relationships.
• "Is design work something that you can scale?"

• "Creating 3D renderings and floor plans can make it easier for consumers to get bids from contractors."
• "Prosper High School cafeteria has a Sonic, a Pizza Hut, and a Jimmy John's."
• "You've had several people that may have taken advantage of the increase of equity over the last several years and selling their house and then downsizing."
• "They can go to another town, they can come to Dallas or as in our story in Tennessee, they can go there and pay cash for a really nice place and then all of a sudden they don't have a mortgage."
• "There's way too many people from New York and California coming there. I mean, that was the gist of the article."

Chapters

00:00Introduction and Background

04:02Market Updates and the Potential for a Rate Cut

09:06Property Disputes and Unique Features in High School Cafeterias

22:59Downsizing and Selling Houses

24:44Cash Buyers from California and New York

28:39Self-Managing Rental Properties

30:24Pros and Cons of Professional Property Management

 

https://www.youtube.com/channel/UC0_YQAQ2v0PFKLLV8rPFw-Q