Complex Systems with Patrick McKenzie (patio11) How real estate investing works with Moses Kagan
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Oct 17, 2024 Moses Kagan, co-founder of Adaptive Realty and an expert in real estate investment, shares rich insights into the intricate world of property management. He discusses the challenges landlords face, from financing to tenant dynamics, and highlights the profound impact of the Internet on capital raising. Kagan compares real estate markets across major cities, dives into the significance of cap rates, and explores how societal perceptions of landlords shape the rental landscape. His perspectives illuminate the complexities of rental dynamics and the immigrant contributions to the sector.
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Maligned Landlords
- Landlords are often maligned because renting can feel like an expensive privilege.
- Renters often misunderstand landlord expenses, assuming higher profit margins.
Landlord Spectrum
- Landlords range from mom-and-pop operators to large institutional players.
- Mom-and-pop landlords are overrepresented at both extremes of quality.
Adaptive Realty
- Moses Kagan's firm, Adaptive Realty, owns around 400 units and manages about 1200.
- Property managers handle tenant issues, maintenance, and long-term property care.
