Episode #151: Jay Parsons – Data and the Economy
05/19/23 • 21 min
Today, we are joined by Jay Parsons, who serves as the Senior VP and Chief Economist for RealPage. He's a frequent author and sought-after speaker on topics related to multifamily apartments and single-family rentals and has been cited in the Wall Street Journal, Bloomberg, the Financial Times, and the New York Times. In this episode of the Real Estate Investor Podcast, Jay offers his insights into market trends and consumer behavior as we discuss the US housing market shortage, nationwide rent growth, his predictions regarding interest rates in 2023 and 2024, the differences between true affordable housing and naturally occurring affordable housing, and more. For key metrics to watch and a better understanding of how technology can help you drive down costs, plus so much more, be sure to tune in today!
Key Points From This Episode:
- Jay’s take on the US housing market, which he thinks is short more than five million units.
- Why he doesn’t like the term overbuilding and what he views as the real challenge with supply.
- Rent growth in Arizona, Texas, Florida, the Midwest, and more.
- Jay’s belief that you can find success in any market with the right strategy.
- His predictions regarding interest rates for the remainder of 2023 going into 2024.
- What it means to be a “homeownership-centric society.”
- Why Jay is a supporter of what he calls targeted rent control.
- True affordable housing versus naturally occurring affordable housing (NOAH).
- Data points that Jay has been focused on and surprised by recently.
- Ways to boost ancillary revenue while also driving down expenses.
- Why Jay doesn’t believe that values will depreciate in the near future.
Links Mentioned in Today’s Episode:
Asset Management Mastery Facebook Group
Today, we are joined by Jay Parsons, who serves as the Senior VP and Chief Economist for RealPage. He's a frequent author and sought-after speaker on topics related to multifamily apartments and single-family rentals and has been cited in the Wall Street Journal, Bloomberg, the Financial Times, and the New York Times. In this episode of the Real Estate Investor Podcast, Jay offers his insights into market trends and consumer behavior as we discuss the US housing market shortage, nationwide rent growth, his predictions regarding interest rates in 2023 and 2024, the differences between true affordable housing and naturally occurring affordable housing, and more. For key metrics to watch and a better understanding of how technology can help you drive down costs, plus so much more, be sure to tune in today!
Key Points From This Episode:
- Jay’s take on the US housing market, which he thinks is short more than five million units.
- Why he doesn’t like the term overbuilding and what he views as the real challenge with supply.
- Rent growth in Arizona, Texas, Florida, the Midwest, and more.
- Jay’s belief that you can find success in any market with the right strategy.
- His predictions regarding interest rates for the remainder of 2023 going into 2024.
- What it means to be a “homeownership-centric society.”
- Why Jay is a supporter of what he calls targeted rent control.
- True affordable housing versus naturally occurring affordable housing (NOAH).
- Data points that Jay has been focused on and surprised by recently.
- Ways to boost ancillary revenue while also driving down expenses.
- Why Jay doesn’t believe that values will depreciate in the near future.
Links Mentioned in Today’s Episode:
Asset Management Mastery Facebook Group
Previous Episode
Episode #150: Steeve Breton — Lessons Learned from Over 40 Investments
After partaking in over 40 real estate investments, you’re bound to learn a thing or two! Today’s guest is the founder of Velocity Capital, Steeve Breton and he is here to tell us all about what he has learned from his vast investment experience. In this episode, you will get some insight into the patterns Steeve has seen throughout his time in this space, and find out why overpromising on returns is dangerous. Steeve shares the importance of being realistic, and how he has overcome particularly difficult obstacles. Having experience and being educated in investing is really the most effective way to ensure success and today, Steeve shares the best real estate advice he has ever received before sharing some words of wisdom of his own. Lastly, he reminds us of the importance of good partners (and spreadsheets!) To hear all this and more, tune in now!
Key Points From This Episode:
- A brief overview of today’s guest, Steeve Breton.
- Steeve shares some trends he’s seen throughout his years of investing.
- The dangers of overpromising on returns.
- Steeve tells us about a difficult obstacle he had to handle on a deal and how he overcame it.
- Why the best real estate advice Steeve ever received was to ‘only do fat deals.’
- The importance of education and experience in this industry.
- The two things Steeve tells new investors as a coach.
- Why the best ‘tool’ at Steeve’s disposal is good partners.
Links Mentioned in Today’s Episode:
Asset Management Mastery Facebook Group
Next Episode
Episode #152: Litan Yahav — Finding Diamond-in-the-Rough Operators
In passive real estate investing, the right operator is vital. Joining us to discuss how to find diamond-in-the-rough operators, is Litan Yahav, a Navy veteran and tech founder, who exited his last startup eight years ago and became a full-time alternative investor. With experience in private equity, real estate, startups, and crypto, Litan built Vyzer, a startup focused on automating the management and control of alternative investments for generating wealth and passive income. Throughout the discussion, Litan talks about his journey in real estate investing, the software he developed in the diamond jewelry industry, and his preference for investing in syndications. He also sheds light on the spectrum of passiveness in real estate investments, the red flags to look out for when choosing an operator, and his predictions for the economy and investment landscape. Tune in today to find out more about the importance of investing with people you can trust and how to find them.
Key Points From This Episode:
- An introduction to today’s guest, Litan Yahav, and how he came to invest in real estate.
- The software he built while working in the diamond jewelry industry.
- How Litan got involved in investing in real estate and syndications.
- The spectrum of passiveness in real estate investing.
- Why he only invests in syndications.
- What Litan’s favorite type of operator looks like.
- Examples of major red flags when choosing an operator and the types of questions he asks.
- Litan’s predictions for the economy and investment landscape, and where he’ll be looking for opportunities.
- What Litan would do if he had $100,000 to invest right now.
- How he came up with the idea for Vyzer and what it does.
- Find out about Litan’s favorite podcast, book, and documentary.
- His advice to his younger self about stress.
- The one question he feels he should have been asked by Joe about his values.
Links Mentioned in Today’s Episode:
Passive Investing from Left Field
Asset Management Mastery Facebook Group
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