Predicting the Future Supply of Rental Properties
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 17 October 2024
⏱️ 40 minutes
🧾️ Download transcript
Summary
Ken and Danille McElroy sit down with Charlie Koznick, MC Companies' Chief Investment Officer, to discuss the current state of the rental market and why MC Companies is continuing to build new properties despite softening rents. Charlie shares his insights into market trends, the future supply cliff, and the strategic advantages of building now to stay ahead in the competitive real estate industry.
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ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: https://mccompanies.com
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Transcript
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| 0:00.0 | Hey, Charlie, thanks for being with us today. |
| 0:02.3 | Thank you for having me. |
| 0:03.2 | It's going to be a good one today. |
| 0:04.9 | This is going to be a great topic for a lot of you. |
| 0:07.9 | Yeah, I mean, to start, Charlie, explain what you do here at MC Company. |
| 0:11.5 | Yes, so I am the chief investment officer. |
| 0:14.4 | So I oversee all acquisitions. |
| 0:17.0 | I oversee investor relations and I oversee asset management. |
| 0:20.3 | So that's, you know, different from the property operation side where they're looking at the kind of |
| 0:24.7 | rents and how it does and expenses. |
| 0:27.6 | And I'm overseeing it more from the financial aspect of how is it working with our business |
| 0:31.2 | plan. |
| 0:32.1 | When should we look to refinance kind of the more higher level financial decisions? |
| 0:37.1 | And I think it's also important to go back and just talk a little bit about your background, |
| 0:42.0 | obviously finance heavy, but also the company before us, you bought 30,000 apartments? |
| 0:47.4 | That's correct. |
| 0:47.9 | Yeah. |
| 0:47.9 | That's just a few. |
| 0:48.9 | Yeah. |
| 0:50.0 | So it's good. |
| 0:51.0 | I mean, people didn't realize like you, you, you had an incredible run. |
| 0:55.3 | Yes. |
... |
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