Capital Hacking E278: Three Policy Risks in the Apartment Investing and Ownership Industry with Jay Parsons
E278: Three Policy Risks in the Apartment Investing and Ownership Industry with Jay Parsons
There are screening methods to combat leasing fraud and improve risk management. In today’s episode, Jay Parsons reveals the three policy risks that landlords and investors should be aware of and provides insight into the current state of the market, including price discovery and which markets are on the rise and which are on the decline.
He also talks about the evolution of rental housing as an asset class and how technology has played a significant role in increasing its accessibility to individual investors. He emphasizes the importance of risk management and new screening methods to combat leasing fraud so listen now!
Key Points from This Episode:
- Jay talks about the backstory of his life and where he came from.
- What are the policy risks in the industry?
- What does the industry look like for rental housing?
- How did Jay get into real estate economics?
- The markets Jay is seeing right now and where he sees prices going in the market.
- Jay talks about leasing fraud and identity verification in the industry.
- The other things that Jay is working on aside from leasing fraud.
- What percentage is Jay seeing when landlords are trying to either increase or decrease rental income?
- Rent controls and eviction moratoriums as emergency solutions.
- The gap between demand and supply of affordable housing.
Tweetables:
“In the rental housing world, especially in small multifamily and single-family, residential, single-family rental, the vast majority of the market is not institutional.” – Jay Parsons
“Construction costs have gone through the roof. I mean, everything's expensive right now, inflation impacts construction, too. And so it's been a major factor plus, now, of course, you have higher rates as well. So we're gonna see significantly fewer new starts this year than we saw last couple of years.” – Jay Parsons
“Job growth and wage growth equals a lot of housing demand. And that's a lot of traffic, knocking down your doors. But that really stopped in the second half of last year in most parts of the country. And so I think we're at a point now where, you know, obviously, the question is, when does it return?” – Jay Parsons
“If you're living in a property, like a duplex or a park property, where your neighbor is not who they say they are and they've not been through proper background screening, that's a risk to renters as well.” – Jay Parsons
“The broader world doesn't realize is that most people, even landlords, they want to help people who are truly in need of help and like figure out a bridge solution. But unfortunately, you also have at least a small contingent that's committing fraud deterrent towar
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