Complex Systems with Patrick McKenzie (patio11)
How real estate investing works with Moses Kagan
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.
01:29:50
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Quick takeaways
- The podcast highlights the negative stigma around landlords, driven by misconceptions about their profits and responsibilities in providing housing.
- Moses Kagan discusses the landlord spectrum, contrasting 'mom-and-pop' landlords with institutional investors, emphasizing the varying tenant experiences based on management styles.
Deep dives
The Perception of Landlords
Landlords are often maligned in society primarily due to the perception that they profit excessively from the necessity of providing housing. Rent is a significant and visible monthly expense for tenants, making it a tangible reminder of their financial obligations. This recurring expense, combined with the complexity of understanding the true costs of homeownership, can create resentment toward landlords, who are seen as reaping the rewards without visible diligence. The discussion emphasizes how misconceptions about the landlord's financial landscape contribute to the negative stereotypes that surround this profession.
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