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Condo Vultures® Strategies For Miami Real Estate Investing

Condo Vultures® Strategies For Miami Real Estate Investing

By Peter Zalewski
The CondoVultures.com podcast is focused on identifying buying opportunities and implementing strategies in the volatile South Florida condo markets of Miami-Dade, Broward and Palm Beach counties. Peter Zalewski, the host of this podcast, is a former financial journalist who now works as a Miami real estate broker, Wall Street analyst and expert witness. This podcast is not authorized by the real estate industry and will probably annoy many of the industry’s talking heads. The CondoVultures.com podcast is all about straight talk and will include salty language that could be offensive to some.
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Will Auctions Be The Preferred Way To Sell Luxury Condos In Miami's Oversupplied Market In 2021?

Condo Vultures® Strategies For Miami Real Estate Investing

Will Auctions Be The Preferred Way To Sell Luxury Condos In Miami's Oversupplied Market In 2021?

Condo Vultures® Strategies For Miami Real Estate Investing

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Are Miami's Struggling Hotels, Restaurants And Furniture Stores Liquidating Assets To Generate Cash During The Pandemic?
In Episode 60, expert Peter Zalewski of Condo Vultures interviews Jose Suarez - founder of owner of Global Inventory Liquidators in Miami - about how his South Florida business that buys and sells furniture, equipment and other assets at deep discounts has surged with activity as a result of the series of restaurants, hotels and furniture stores struggling  to survive during the COVID-19 pandemic.   In Segment 1, Suarez discusses growing up in Ecuador before moving to Miami for college in the 1980s and ultimately settling down permanently in South Florida. Suarez, who is a serial entrepreneur, discusses how his previous businesses led him to launch Global Inventory Liquidators in 2016.  In Segment 2, Suarez talks about the current state of the South Florida economy and how furniture stores, hotels and restaurants are reaching out to his firm in an attempt to unload their furniture, equipment and other assets to raise cash and adjust to the new "normal."       In Segment 3, Suarez discusses his outlook for the South Florida economy and the liquidation industry as the COVID-19 pandemic is still raging, the economy is struggling  and a presidential election is approaching.  To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
1:21:19
October 23, 2020
Miami Real Estate And Economic Roundtable - A Discussion By Reporters Of Latest South Florida Headlines For Week Of October 21, 2020
In Episode 59, Condo Vultures® podcast host Peter Zalewski discusses the latest real estate and economic news with financial writer David Lyons of the South Florida SunSentinel along with former business reporters John Fakler and Jean Gruss, founder of Gruss Communications.    In Segment 1, the panel discusses the following headlines:    1. "How A Strip Club Named Tootsie’s Could Doom Miami’s Coronavirus Plan" (The Daily Beast)    2. "‘Walmart CEO Doug McMillon To Congress: Get A Stimulus Deal Done" (CNBC)    3. "Jobless Floridians May Get Up To 19 Weeks Of Unemployment Checks In 2021" (South Florida SunSentinel)    In Segment 2, the panel discusses the following headlines:  4. "Affordable Apartments Could Suffer 50% Hit To Bottom Line: Fitch" (The Real Deal National)    5. "The Sunshine Economy: Race, Real Estate And A Recovery" (WLRN)    6. "Related Group Plans Rental Tower Sans Parking In Downtown Miami" (South Florida Business Journal)    In Segment 3, the panel of Zalewski, Lyons, Gruss and Fakler make predictions about the South Florida real estate market and tricounty economy.     In Segment 4, Fakler reads out comments submitted by listeners and the panel responds.  To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
54:20
October 21, 2020
Broward County Condo Market Analysis For Q2 2020 By Expert Peter Zalewski
In Episode 58, expert Peter Zalewski of Condo Vultures provides an overview of the Broward County condo market for Q2 2020. This episode discusses condos, luxury condos, distressed condos and rentals for the first six months of 2020 based on data compiled from the Southeast Florida MLX Matrix.  In Segment 1, Zalewski discusses the Broward County condo market sales velocity in the first half of 2020 based on a CondoVulturesRealty.com report that features a chart.  The discussion include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 2,  Zalewski discusses the Broward County luxury condo market based on CondoVulturesRealty.com report. The discussion will include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 3,  Zalewski discusses the Broward County distressed market, which is comprised of real estate owned (REO) condos as well as shortsales based on a CondoVulturesRealty.com report. The discussion will include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 4, Zalewski discusses the Broward County rental market with specifics about leasing activity, pricing and the number of days on the market based on a CondoVulturesRealty.com report.  To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
36:07
October 20, 2020
Straight Talk: A Miami Bank President Discusses The Lending Climate For South Florida Real Estate During The Pandemic
In Episode 57, expert Peter Zalewski of Condo Vultures interviews J.C. de Ona - Southeast Florida division president for the Arkansas-based Centennial Bank with $16.9 billion in assets - about the current lending climate in South Florida during the COVID-19 pandemic era.   In Segment 1, de Ona discusses growing up in Miami, attending Florida International University and getting his start in banking at the former Washington Mutual Bank in the late 1990s. He also discusses rising up through the South Florida banking industry with stints at the former BankAtlantic, Wachovia and Stonegate banks before being named to lead Miami-Dade, Broward and Palm Beach counties for Centennial Bank.   In Segment 2, de Ona talks about the current state of financing for single-family houses, condos, multifamily and land. He also discusses how his institution has worked with borrowers during the pandemic.      In Segment 3, de Ona discusses the outlook for lending in South Florida going into 2021 as the pandemic is still raging, hurricane season is winding down, a presidential election is approaching and the local economy is vulnerable due to its dependence on the hospitality industry.  To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
1:05:10
October 16, 2020
Miami Real Estate And Economic Roundtable - A Discussion By Reporters Of Latest South Florida Headlines For Week Of October 14, 2020
In Episode 56, Condo Vultures® podcast host Peter Zalewski discusses the latest real estate and economic news with senior reporter Brian Bandell of the South Florida Business Journal along with former business reporters John Fakler and Jean Gruss, founder of Gruss Communications.   In Segment 1, the panel discusses the following headlines:   1. "Miami Nightlife’s Beat Is Slowly Coming Back With Smaller Gatherings" (WPLG Channel 10 South Florida)   2. "‘Coronavirus Mortgage Bailouts Fall Below 3 Million For The First Time Since April" (CNBC)   3. "Dollar General Targets A Higher-End Shopper In The Suburbs With New Store, Popshelf" (CNBC)   In Segment 2, the panel discusses the following headlines: 4. "Miami Developer On An Upcoming Inventory Glut, Understated Luxury And More" (Mansion Global)   5. "Blackstone To Open Office In South Florida" (The Real Deal Miami)   6. "A Feast For Vultures" (South Florida Business Journal)   In Segment 3, the panel of Zalewski, Bandell, Gruss and Fakler make predictions about the South Florida real estate market and tricounty economy.    In Segment 4, Fakler reads out comments submitted by listeners and the panel responds.  To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
56:53
October 14, 2020
Coral Gables Condo Market Analysis For Q2 2020 By Expert Peter Zalewski
In Episode 55, expert Peter Zalewski of Condo Vultures provides an overview of Miami's Coral Gables condo market for Q2 2020. This episode discusses condos, luxury condos, distressed condos and rentals for the first six months of 2020 based on data compiled from the Southeast Florida MLX Matrix.  In Segment 1, Zalewski discusses the Coral Gables condo market sales velocity in the first half of 2020 based on a report and chart from CondoVulturesRealty.com.  The discussion include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 2,  Zalewski discusses the Coral Gables luxury condo market, according to CondoVulturesRealty.com. The discussion will include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 3,  Zalewski discusses the Coral Gables distressed market, which is comprised of real estate owned (REO) condos as well as shortsales, according to CondoVulturesRealty.com. The discussion will include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 4, Zalewski discusses the Coral Gables rental market with specifics about leasing activity, pricing and the number of days on the market, according to CondoVulturesRealty.com.  To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
32:39
October 13, 2020
Cocaine Condos: How Money Laundering And The Narco Trade Built Modern Miami
In Episode 54, expert Peter Zalewski of Condo Vultures interviews journalist Roben Farzad - author of the book "Hotel Scarface" and host of public radio's Full Disclosure - about how dirty money and cocaine built the Miami economy in the 1980s, and continues to impact today's real estate market.     In Segment 1, Farzad discusses growing up in Miami in the volatile 1980s before heading off to Princeton and Harvard universities for his secondary education. After college, Farzad returned to Miami where he first began his quest to write a nonfiction book about the infamous Mutiny Hotel that served as the playground for Miami's cocaine cowboys. Farzad also discusses how the book led me to give a Ted Talk presentation.    In Segment 2, Farzad provides an overview about how the cocaine trade first began in Miami when South Florida fishermen were banned from working in Bahamian waters. Drug cartels quickly tapped into this pool of struggling Miami fishermen to take advantage of their knowledge of the Florida coast in order to increase the amount of drugs being smuggled into the United States. Farzad goes on to describe some of the escapades that occurred at the Mutiny Hotel during its heyday.       In Segment 3, Farzad provides an overview about money laundering, and how Miami narcos used the technique of cleaning dirty money in order to purchase condos, horses, boats and other luxury toys in South Florida. Farzad also discusses the importance of illicit cash to Miami's economy and provides insight into the changing face of drug smuggling and money laundering going forward.    To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
59:47
October 9, 2020
Miami Real Estate And Economic Roundtable - A Discussion By Reporters Of Latest South Florida Headlines For Week Of October 7, 2020
In Episode 53, Condo Vultures® podcast host Peter Zalewski discusses the latest real estate and economic news with veteran investigative reporter Francisco Alavardo and former business reporters John Fakler and Jean Gruss, founder of Gruss Communications.   In Segment 1, the panel discusses the following headlines:   1. "Miami Beach Mayor Urges DeSantis To Reconsider Prohibiting Mask Fines" (NBC 6 South Florida)   2. "‘Millions Of Americans Risk Losing Power And Water As Massive, Unpaid Utility Bills Pile Up" (Washington Post)   3. "Extell, Starwood Alums Seek $500M For 'Contrarian' Investing" (The Real Deal National)   In Segment 2, the panel discusses the following headlines: 4. "Lawsuit Seeking Class Action Status Accuses Grant Cardone Of Misleading Investors" (The Real Deal Miami)   5. "Related Group Begins Sales Of Its First Condo Project Of 2020" (South Florida Business Journal)   6. "RedSky, JZ Sell Wynwood Assemblage At Discount For $26M" (The Real Deal Miami)   In Segment 3, the panel of Zalewski, Alvarado, Gruss and Fakler make predictions about the South Florida real estate market and tricounty economy.    In Segment 4, Fakler reads out comments submitted by listeners and the panel responds.  To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
1:02:56
October 7, 2020
Coconut Grove Condo Market Analysis For Q2 2020 By Expert Peter Zalewski
In Episode 52, expert Peter Zalewski of Condo Vultures provides an overview of Miami's Coconut Grove condo market for Q2 2020. This episode discusses condos, luxury condos, distressed condos and rentals for the first six months of 2020 based on data compiled from the Southeast Florida MLX Matrix.  In Segment 1, Zalewski discusses the Coconut Grove condo market sales velocity in the first half of 2020 based on a report and chart from CondoVulturesRealty.com.  The discussion include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 2,  Zalewski discusses the Coconut Grove luxury condo market, according to CondoVulturesRealty.com. The discussion will include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 3,  Zalewski discusses the Coconut Grove distressed market, which is comprised of real estate owned (REO) condos as well as shortsales, according to CondoVulturesRealty.com. The discussion will include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 4, Zalewski discusses the Coconut Grove rental market with specifics about leasing activity, pricing and the number of days on the market, according to CondoVulturesRealty.com.  To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
31:13
October 6, 2020
Should Condo Sellers Be Worried That Canadian Investors Are Not Expected To Visit South Florida This Winter Buying Season?
In Episode 51, expert Peter Zalewski of Condo Vultures interviews Alain Forget - vice president and head of business development for RBC Bank in the United States - about the latest trends in residential real estate lending for Canadian investors who are facing a pandemic, strong U.S. Dollar and an oversupplied condo market during this South Florida winter buying season.   In Segment 1, Forget discusses relocating from Montreal via Nassau, Bahamas to South Florida in 2000, and his experience working with Canadian nationals who live and work in the United States and Caribbean.     In Segment 2, Forget talks about  In Segment 3, Forget discusses the opportunities and pitfalls for Canadian buyers wanting to purchase residential real estate in the United States, and provides an outlook for Canadian investors looking to the market conditions in 2021.  To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
1:19:39
October 2, 2020
Miami Real Estate And Economic Roundtable - A Discussion By Reporters Of Latest South Florida Headlines For Week Of Sept. 30, 2020
In Episode 50, Condo Vultures® podcast host Peter Zalewski discusses the latest real estate and economic news with veteran financial journalist Mike Seemuth and former business reporters John Fakler and Jean Gruss, principal with Gruss Communications.   In Segment 1, the panel discusses the latest COVID-19 statistics in Florida and South Florida and the following headlines:   1. "South Florida bars packed after Gov. gives OK for Phase 3 reopening" (WPLG 10 South Florida)   2. "‘Weekly jobless claims rise unexpectedly as stimulus boost fades" (CNBC)   In Segment 2, the panel discusses the following headlines: 3. "Miami’s COVID budget passes with police layoffs, transformed NET and canceled events" (Miami Herald)   4. "Dezer’s 30-acre megaproject in North Miami Beach gets first approval" (The Real Deal Miami)   5. "'Citing Covid-19 shutdown, Williams Sonoma and Pottery Barn want out of Lincoln Road" (The Real Deal Miami)   6. "Metronomic files for Chapter 11 bankruptcy" (South Florida Business Journal) In Segment 3, the panel of Zalewski, Seemuth, Gruss and Fakler make predictions about the South Florida real estate market and tricounty economy.    In Segment 4, Fakler reads out comments submitted by listeners and the panel responds.  To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
1:05:28
September 30, 2020
Aventura Condo Market Analysis For Q2 2020 By Expert Peter Zalewski
In Episode 49, expert Peter Zalewski of Condo Vultures provides an overview of the Aventura condo market for Q2 2020. This episode discusses condos, luxury condos, distressed condos and rentals for the first six months of 2020 based on data compiled from the Southeast Florida MLX Matrix.  In Segment 1, Zalewski discusses the Aventura condo market sales velocity in the first half of 2020 based on a report and chart from CondoVulturesRealty.com.  The discussion include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 2,  Zalewski discusses the Aventura luxury condo market, according to CondoVulturesRealty.com. The discussion will include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 3,  Zalewski discusses the Aventura distressed market, which is comprised of real estate owned (REO) condos as well as shortsales, according to CondoVulturesRealty.com. The discussion will include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 4, Zalewski discusses the Aventura rental market with specifics about leasing activity, pricing and the number of days on the market, according to CondoVulturesRealty.com.  To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
44:31
September 29, 2020
Is It Too Soon For Miami Value Investors To Begin Discount Shopping For Orlando Real Estate?
In Episode 48, expert Peter Zalewski of Condo Vultures interviews Orlando developer Seema Kara of Palmeira Holdings and Dawood Bedrosian - director of international sales at RE/MAX Town Centre in Orlando - about the latest trends in residential real estate, multifamily development and the hotel industry in Central Florida during the COVID-19 pandemic era.       In Segment 1, Kara and Bedrosian discuss how and why they each individually relocated to Florida from Toronto, Canada. Kara and Bedrosian have formed a partnership focused on working with Canadian buyers who are interested in investing in real estate in Central Florida.   In Segment 2, Kara and Bedrosian talk about the makeup of the Orlando real estate market, where single-family houses and townhouses are much more prevalent than condominiums. Kara and Bedrosian provide insight into the Orlando economy that goes beyond the hospitality industry that is dominated by Mickey Mouse and Walt Disney World.      In Segment 3, Bedrosian discusses a new townhouse development that he is selling to provide insight into what investors can expect when purchasing in Orlando. Kara  discusses her investment strategy and how it has changed as a result of the pandemic. Kara and Bedrosian wrap up the podcast with predictions about the Orlando real estate market going forward.  To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
1:24:24
September 25, 2020
Miami Real Estate And Economic Roundtable - A Discussion By Reporters Of Latest South Florida Headlines For Week Of Sept. 23, 2020
In Episode 47, Condo Vultures® podcast host Peter Zalewski discusses the latest real estate and economic news with former business reporters Jean Gruss of Gruss Communications, John Fakler and Oscar Musibay of Influence Communications.   In Segment 1, the panel discusses the following headlines:   1. "FSU Head Coach Tests Positive For COVID-19, Will Not Coach vs. Miami" (NBC 6 South Florida)   2. "‘More Restrictions Expected In Europe As Coronavirus Spreads Rapidly And Rattles Markets" (CNBC)   3. "No Job, Loads of Debt: Covid Upends Middle-Class Family Finances" (Wall Street Journal)   In Segment 2, the panel discusses the following headlines: 4. "Landlords Lost About $9B In Rental Payments Last Quarter: Report" (The Real Deal Miami)   5. "Two New Towers Are Planned For Edgewater. They’re Bigger Than You’d Expect" (Miami Herald)   6. "EIG Aims To Convert Shuttered Ramada Inn In Hialeah To Apartments" (CNBC)   In Segment 3, the panel of Zalewski, Musibay, Gruss and Fakler make predictions about the South Florida real estate market and tricounty economy.    In Segment 4, Fakler reads out comments submitted by listeners and the panel responds.  To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
50:58
September 23, 2020
Sunny Isles Beach Condo Market Analysis For Q2 2020 By Expert Peter Zalewski
In Episode 46, expert Peter Zalewski of Condo Vultures provides an overview of the Sunny Isles Beach condo market for Q2 2020. This episode discusses condos, luxury condos, distressed condos and rentals for the first six months of 2020 based on data compiled from the Southeast Florida MLX Matrix.  In Segment 1, Zalewski discusses the Sunny Isles Beach condo market sales velocity in the first half of 2020 based on a CondoVulturesRealty.com report that features a chart.  The discussion include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 2,  Zalewski discusses the Sunny Isles Beach luxury condo market based on CondoVulturesRealty.com report. The discussion will include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 3,  Zalewski discusses the Sunny Isles Beach distressed market, which is comprised of real estate owned (REO) condos as well as shortsales based on a CondoVulturesRealty.com report. The discussion will include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 4, Zalewski discusses the Sunny Isles Beach rental market with specifics about leasing activity, pricing and the number of days on the market based on a CondoVulturesRealty.com report.  To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
40:15
September 22, 2020
What Are The Top 3 Miami Public Policies That Could Hinder A Post-Pandemic Real Estate Comeback?
In Episode 45, expert Peter Zalewski of Condo Vultures interviews Peter Ehrlich - an activist investor with a portfolio of commercial properties in Miami - about the governmental policy changes that local municipalities should consider adopting to encourage a real estate recovery in a post-COVID-19 pandemic era.    In Segment 1, Ehrlich discusses relocating from New York City to South Beach in the early 1990s as the Art Deco neighborhood in Miami Beach was experiencing a renaissance. Ehrlich - a former Wall Street trader - relocated to South Beach to capitalize on the real estate boom that transformed Miami Beach in the 1990s.   In Segment 2, Ehrlich talks about investing in dilapidated warehouses north of Greater Downtown Miami in the historic neighborhoods of Lemon City and Little River that are now commonly known as Little Haiti. Ehrlich reflects back on the challenges associated with investing in the area during the first decade of the 21st century despite paying about $20 per square foot for industrial properties.    In Segment 3, Ehrlich discusses the strategy and effort that was necessary to reposition the area into one of the hottest markets for redevelopment in Miami. Based on more than 20 years of experience being a landlord of commercial space, Ehrlich highlights the top three local public policy issues that need to be addressed in a post-pandemic era.       To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
1:24:39
September 18, 2020
Miami Real Estate And Economic Roundtable - A Discussion By Reporters Of Latest South Florida Headlines For Week Of Sept. 16, 2020
In Episode 44, Condo Vultures® podcast host Peter Zalewski discusses the latest real estate and economic news with Deputy Web Editor Katherine Kallergis of The Real Deal Miami and former business reporters John Fakler and Oscar Musibay, a partner with Influence Communications.   In Segment 1, the panel discusses the following headlines:   1. "Miami-Dade, Broward Begin Phase 2 of Reopening Monday" (NBC 6 South Florida)   2. "‘Fauci says normal life may not be back until the end of 2021" (CNN)   3. "Marquis vs. ‘The King of Miami Real Estate’: Condo tower seeks to evict agent for not wearing face mask" (The Real Deal Miami)   In Segment 2, the panel discusses the following headlines: 4. "Many Canadian snowbirds are delaying Florida visits until COVID-19 eases" (South Florida SunSentinel)   5. "'Anything and everything is negotiable': Incentives for condo buyers mount in Miami" (The Real Deal National)   6. "Triptych hotel development site in Miami targeted in $15M foreclosure" (CNBC)   In Segment 3, the panel of Zalewski, Kallergis, Musibay and Fakler make predictions about the South Florida real estate market and tricounty economy.    In Segment 4, Fakler reads out comments submitted by listeners and the panel responds.  To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
54:07
September 16, 2020
Bal Harbour-Surfside-Bay Harbor Islands Condo Market Analysis For Q2 2020 By Expert Peter Zalewski
In Episode 43, expert Peter Zalewski of Condo Vultures provides an overview of the Bal Harbour-Surfside-Bay Harbor Islands condo market for Q2 2020. This episode discusses condos, luxury condos, distressed condos and rentals for the first six months of 2020 based on data compiled from the Southeast Florida MLX Matrix.  In Segment 1, Zalewski discusses the Bal Harbour-Surfside-Bay Harbor Islands condo market sales velocity in the first half of 2020 based on a CondoVulturesRealty.com report that features a chart.  The discussion include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 2,  Zalewski discusses the Bal Harbour-Surfside-Bay Harbor Islands luxury condo market based on CondoVulturesRealty.com report. The discussion will include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 3,  Zalewski discusses the Bal Harbour-Surfside-Bay Harbor Islands distressed market, which is comprised of real estate owned (REO) condos as well as shortsales based on a CondoVulturesRealty.com report. The discussion will include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 4, Zalewski discusses the Bal Harbour-Surfside-Bay Harbor Islands rental market with specifics about leasing activity, pricing and the number of days on the market based on a CondoVulturesRealty.com report.  To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
34:22
September 15, 2020
Will Auctions Be The Preferred Way To Sell Luxury Condos In Miami's Oversupplied Market In 2021?
In Episode 42, expert Peter Zalewski of Condo Vultures interviews Lamar Fisher - president and CEO of Fisher Auction Co. - about the need for auctioneers in South Florida as buyers bid up prices on single-family houses and condo sellers search for buyers to purchase units in Miami’s oversupplied market.  In Segment 1, Fisher discusses his roots in South Florida that date back to the beginning of the 20th Century. Fisher - who is a Broward County Commissioner and the former mayor of Pompano Beach - reflects on his family’s involvement in the public sector dating back a century. Fisher also provides an overview of the auction process,  In Segment 2, Fisher talks about some of his most highly publicized auctions, including Gianni Versace’s former South Beach mansion, the former Miami Arena and the sale of assets from the convicted Ponzi-schemer Scott Rothstein who operated a $1.2 billion fraud a decade ago in Downtown Fort Lauderdale. Fisher also discusses the challenges facing South Florida's various municipalities given the slowdown in the real estate market and the tourist industry.  In Segment 3, Fisher provides insight into what he and other business leaders are anticipating for 2021 based on previous economic downturns in South Florida..  To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
1:08:07
September 11, 2020
Miami Real Estate And Economic Roundtable - A Discussion By Reporters Of Latest South Florida Headlines For Week Of Sept. 9, 2020
In Episode 41, Condo Vultures® podcast host Peter Zalewski discusses the latest real estate and economic news with former business journalist Jean Gruss - who now operates Gruss Communications - along with former business reporters John Fakler and Oscar Musibay, a partner with Influence Communications.   In Segment 1, the panel discusses the following headlines:   1. "Palm Beach County Finally Moves To Phase Two" (Fox 29 WFLX)   2. "Worries Grow Over A K-Shaped Economic Recovery That Favors The Wealthy" (CNBC)   3. "Art Basel Miami Beach Is Canceled" (New York Times)   In Segment 2, the panel discusses the following headlines: 4. "Renters In U.S. Cannot Be Evicted Through The End Of The Year Due To Coronavirus, CDC Order States" (MarketWatch)   5. "Powell Says Low Interest Rates Could Last For Years" (CNBC)   6. "Opera Tower Sues Airbnb, Claims Short-Term Rentals Have Turned Miami Condo Building Into ‘Unlicensed Hotel’" (WSVN 7 News Miami)   In Segment 3, the panel of Zalewski, Gruss, Musibay and Fakler make predictions about the South Florida real estate market and tricounty economy.    In Segment 4, Fakler reads out the two comments submitted by listeners and the panel responds.  To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
44:49
September 9, 2020
Miami Beach Condo Market Analysis For Q2 2020 By Expert Peter Zalewski
In Episode 40, expert Peter Zalewski of Condo Vultures provides an overview of the Miami Beach condo market for Q2 2020. This episode discusses condos, luxury condos, distressed condos and rentals for the first six months of 2020 based on data compiled from the Southeast Florida MLX Matrix.  In Segment 1, Zalewski discusses the Miami Beach Condo market sales velocity in the first half of 2020 based on a CondoVulturesRealty.com report.  The discussion include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 2,  Zalewski discusses the Miami Beach luxury condo market based on CondoVulturesRealty.com report. The discussion will include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 3,  Zalewski discusses the Miami Beach distressed market, which is comprised of real estate owned (REO) condos as well as shortsales based on a CondoVulturesRealty.com report. The discussion will include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 4, Zalewski discusses the Miami Beach rental market with specifics about leasing activity, pricing and the number of days on the market based on a CondoVulturesRealty.com report.  To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
38:19
September 9, 2020
Are Miami Litigators Preparing For A 'Tidal Wave' Of Bank Foreclosures In 2021?
In Episode 39, expert Peter Zalewski of Condo Vultures interviews litigator Josh Migdal - a name partner in the Mark, Migdal & Hayden law firm in Miami - about how banks are preparing for a possible "tidal wave" of mortgage foreclosures that could be occurring in 2021 as a result of an overheated South Florida real estate market combined with the economic disruption caused by the COVID-19 pandemic. The discussion touches on a variety of topics ranging from mortgage fraudsters to the Federal Deposit Insurance Corp (FDIC).  In Segment 1, Migdal discusses relocating from the Midwest to Miami at the onset of the South Florida condo crash and the Great Recession. Migdal also talks about how he changed sides from defending clients against the FDIC in civil litigation to suddenly representing the federal banking agency against borrowers in South Florida.    In Segment 2, Migdal talks about the mortgage forbearance program created under the CARES Act; the current lending climate  given record low interest rates and the higher-than-normal unemployment rate; and Acts of God.   In Segment 3, Migdal discusses mortgage fraud and its impact on the South Florida real estate market. Migdal also talks about how lenders are - and should be - auditing their mortgage application records right now in anticipation of a wave of defaults possibly occurring beginning in 2021. Migdal contends that lenders that are attempting to be repaid on bad loans need to expand their litigation focus outside of just borrowers.    To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
1:15:33
September 4, 2020
Miami Real Estate And Economic Roundtable - A Discussion By Reporters Of Latest South Florida Headlines For Week Of Sept. 2, 2020
In Episode 38, Condo Vultures® podcast host Peter Zalewski discusses the latest real estate and economic news with veteran investigative reporter Ken Silverstein and former business reporters John Fakler and Oscar Musibay, a partner with Influence Communications.   In Segment 1, the panel discusses the following headlines:   1. "After Four Decades In Miami Beach, David's Cafe Is Closing" (Miami New Times)   2. "‘External Connectivity Issues’ Causing Problems On First Day Of Online School In Miami-Dade" (CBS4 Miami)   3. "Co-Working Virtually: Coral Gables Space Rolls Out Memberships" (The Real Deal Miami)   In Segment 2, the panel discusses the following headlines: 4. "AIMCO Acquires Miami Apartment Tower" (Multi-Housing News)   5. "Borrowers Sue Wells Fargo Over Forbearance Policy" (The Real Deal National)   6. "MGM Resorts Lays Off 18,000 Previously Furloughed Employees" (CNBC)   In Segment 3, the panel of Zalewski, Silverstein, Musibay and Fakler make predictions about the South Florida real estate market and tricounty economy.    In Segment 4, Fakler reads out comments submitted by listeners and the panel responds.  To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
59:00
September 2, 2020
Greater Downtown Miami Condo Market Analysis For Q2 2020 By Expert Peter Zalewski
In Episode 37, expert Peter Zalewski of Condo Vultures provides an overview of the Greater Downtown Miami condo market for Q2 2020. This episode discusses condos, luxury condos, distressed condos and rentals for the first six months of 2020 based on data compiled from the Southeast Florida MLX Matrix.  In Segment 1, Zalewski discusses the Greater Downtown Miami condo market sales velocity in the first half of 2020 based on a CondoVulturesRealty.com report that features a chart.  The discussion include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 2,  Zalewski discusses the Greater Downtown Miami luxury condo market based on CondoVulturesRealty.com report. The discussion will include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 3,  Zalewski discusses the Greater Downtown Miami distressed market, which is comprised of real estate owned (REO) condos as well as shortsales based on a CondoVulturesRealty.com report. The discussion will include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 4, Zalewski discusses the Greater Downtown Miami rental market with specifics about leasing activity, pricing and the number of days on the market based on a CondoVulturesRealty.com report.  To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
34:53
September 1, 2020
A Practical Guide For Foreign Nationals Investing In Miami’s Struggling Condo Market
In Episode 36, expert Peter Zalewski of Condo Vultures interviews Luz Mery Montes - founder, president and CEO of Accounting Global Solutions - about the timeline and steps that foreign national investors will face before and after investing in South Florida real estate. The discussion ranges creating a company to the U.S. Foreign Investment In Real Property Tax Act (FIRPTA).    In Segment 1, Montes discusses relocating from Colombia to the South Florida city of Boca Raton in 2001, and her experience working in the accounting industry in both South America and the United States. Montes also discusses the impetus for establishing Accounting Global Solutions with bookkeeping, accounting and payroll services to assist foreign nationals establish an administrative infrastructure in South Florida for real estate investing.   In Segment 2, Montes talks about the the time, cost and reasons for creating new companies in Florida before purchasing real estate. She discusses the lessons learned from the last South Florida condo cycle, and how investors have approached this real estate cycle.      In Segment 3, Montes discusses opening and funding a U.S. bank account, foreign national buying trends before the U.S. presidential election and her outlook for the short-term in South Florida. Montes also provides her top 3 tips for foreign investors intending to invest in South Florida.  To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
1:18:47
August 28, 2020
Miami Real Estate And Economic Roundtable - A Discussion By Reporters Of Latest South Florida Headlines For Week Of Aug. 26, 2020
In Episode 35, Condo Vultures® podcast host Peter Zalewski discusses the latest real estate and economic news with David Lyons of the South Florida SunSentinel and former business reporters John Fakler and Oscar Musibay, a partner with Influence Communications.   In Segment 1, the panel discusses the following headlines:  1. Latest Update On South Florida's Current COVID-19 Confirmed Cases And Deaths (Florida Department Of Health) 2. "University of Miami moves to contain coronavirus outbreak in dorms" (WPLG Local 10 News Miami) 3. "Florida Sees Uptick In New Jobless Claims" (CBS4 Miami)  In Segment 2, the panel discusses the following headlines: 4. "‘A Netflix for books’: A free Miami Book Fair goes virtual in COVID-19 pandemic" (Miami Herald) 5. "Miami Beach to allow short-term rentals in condos, hotels" (The Real Deal Miami)  6. "Safe bet? Sovereign funds rethink once-reliable real estate" (Reuters)  In Segment 3, the panel of Zalewski, Lyons, Musibay and Fakler make predictions about the South Florida real estate market and tricounty economy.  In Segment 4, the panel discusses the comments about previous podcasts that were received. To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
57:41
August 26, 2020
Miami-Dade County Condo Market Analysis For Q2 2020 By Expert Peter Zalewski
In Episode 34, expert Peter Zalewski of Condo Vultures provides an overview of the Miami-Dade County condo market for Q2 2020. This episode discusses condos, luxury condos, distressed condos and rentals for the first six months of 2020 based on data compiled from the Southeast Florida MLX Matrix.  In Segment 1, Zalewski discusses the Miami-Dade condo market sales velocity in the first half of 2020 based on a CondoVulturesRealty.com report that features a chart.  The discussion include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 2,  Zalewski discusses the Miami-Dade County luxury condo market based on CondoVulturesRealty.com report. The discussion will include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 3,  Zalewski discusses the Miami-Dade County distressed market, which is comprised of real estate owned (REO) condos as well as shortsales based on a CondoVulturesRealty.com report. The discussion will include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 4, Zalewski discusses the Miami-Dade County rental market with specifics about leasing activity, pricing and the number of days on the market based on a CondoVulturesRealty.com report.  To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
40:40
August 25, 2020
Toilet Paper, Surgical Masks And Porcelain Tile? Miami Faces Shortage Of Flooring Materials During Pandemic
In Episode 33, Peter Zalewski of Condo Vultures interviews Steve Musolino - owner of Casa Linda Tile & Marble and the president of the Doral Décor District - about South Florida's shortage of tile flooring materials during the COVID-19 pandemic. Musolino also provides an expansive overview about Miami's tile industry, the various types of flooring materials and the current market pricing.  In Segment 1, Musolino discusses how his father - Stephen Musolino Sr. - was a pioneer in Miami's tile industry, relocating from Italy - after a stint in New York - to open up the Casa Linda Tile & Marble store and warehouse in 1986. Casa Linda continues to operate from its original site in an area that would go on to become the city of Doral.  Locals would come to know the area as the "Tile District" or "Tile Mile" before the city formally designated the area the Doral Décor District. Musolino Jr. - who worked with his father at Casa Linda from the beginning - took over the business operations more than a decade ago. He currently serves as the president of the Doral Décor District.   In Segment 2, Musolino provides an insightful overview about the various types of tile, how it is made, and where it originates from before arriving in Miami. Musolino provides an insider's perspective about the product type, quality and changing trends in the tile industry. In Segment 3, Musolino discusses how the COVID-19 pandemic is impacting manufacturers and their ability create and to ship tile to Miami. The conversation also includes a discussion about the impact that the  U.S.-China trade war has had on supply and pricing in the United States.   To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
1:25:14
August 21, 2020
Miami Real Estate And Economic Roundtable - A Discussion By Reporters Of Latest South Florida Headlines For Week Of Aug. 19, 2020
In Episode 32, Condo Vultures® podcast host Peter Zalewski discusses the latest real estate and economic news with David Lyons of the South Florida SunSentinel and former business reporters John Fakler and Oscar Musibay, a partner with Influence Communications.   In segment one, Lyons discusses his journalism experience that dates back to the 1980s, and compares and contrasts the current situation for the aviation industry to previous challenging times during the past 40 years. In segments two and three, the panel discusses the following headlines:   1. "It’s Not Just The Extra $600—Millions Of Workers Could Exhaust All Of Their Jobless Benefits By January" (CNBC)   2. "Cake Thai Kitchen To Close This Saturday" (Miami New Times)   3. "Billionaire Leads ‘Wall Street Of The South’ Migration To Miami-Dade County" (WPLG Local 10 News Miami)   4. "Mortgage Crisis Looming In South Florida As Delinquencies Rise" (South Florida Business Journal)   5. "Miami Leads Decline As US Apartment Construction Hits Five-Year Low" (Miami Daily Business Review)   6. "Three Hundred Collins Allegedly Marred By Cheap Materials, Unpaid Contractors And Duped Investors: Lawsuit" (Miami Real Deal)   In segment four, the panel of Zalewski, Lyons and Fakler make predictions about the South Florida real estate market and tricounty economy.    To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
1:25:53
August 19, 2020
South Florida Condo Market Analysis For Q2 2020 By Expert Peter Zalewski
In Episode 31, expert Peter Zalewski of Condo Vultures provides an overview of the condo market for Q2 2020 in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach. This episode discusses condos, luxury condos, distressed condos and rentals for the first six months of 2020 based on data compiled from the Southeast Florida MLX Matrix.  In Segement 1, Zalewski discusses the changing schedule of the Condo Vultures Podcast series to include a weekly Condo Market Analysis every Monday. The Miami Real Estate And Economic Roundtable discussion and the Condo Vultures guest interview will continue to be published weekly.  In Segment 2, Zalewski discusses the South Florida condo market sales velocity in the first half of 2020 based on a CondoVulturesRealty.com report that features a chart.  The discussion include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 3, Zalewski discusses the luxury condo market and the distressed market, which is comprised of real estate owned (REO) condos as well as shortsales based on CondoVulturesRealty.com reports that feature charts. Both discussions will include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market.  In Segment 4, Zalewski discusses the South Florida rental market with specifics about leasing activity, pricing and the number of days on the market based on a CondoVulturesRealty.com report that features a chart.  To send a comment, please email the podcast at Inquiry@CondoVultures.com     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
30:11
August 18, 2020
A Foreign Investor’s Quest For Discounted Florida Condos, Russian Oligarchs And ROI
In Episode 30, Ilya Ovsishcher - an investor and real estate professional - discusses the mistakes he made trading condos in South Florida, and explains why opportunistic buyers should consider Florida’s Treasure Coast region of Martin, St. Lucie and Indian River counties. In Segment One, Ovsishcher discusses studying Information Technology (IT) in St. Petersburg, Russia, before moving to the United States on an H-1B skilled labor visa in the early 2000s. After a short stint at the U.S. tech company's headquarters in Kentucky,  Ovsishcher was then stationed in the island nation of Jamaica. When the Great Recession hit, Ovsishcher left the tech company and relocated to Miami where he focused on investing in distressed real estate in the South Florida region. Given Ovsishcher's real estate activities, he eventually obtained a real estate license in 2015 and began working with domestic and foreign nationals interested in Florida real estate.  In Segment Two, Ovsishcher compares and contrasts the population and condo prices between South Florida and the Treasure Coast counties of Martin, St. Lucie and Indian River. The discussion also includes details about Ovsishcher's tour business called Vel-Travel that offers all-inclusive fishing and hunting trips in the Americas for wealthy individuals and oligarchs. The tour business has become a feeder for new clients who are interested in investing in South Florida real estate.  In Segment Three, Ovsishcher compares and contrasts the financials associated with purchasing, maintaining and renting out condo units and single-family houses in Miami and Florida's Treasure Coast region of Martin, St. Lucie and Indian River counties. He also talks about the origins of the Treasure Coast brand name that plays off of the region's history that is highlighted by a fleet of 12 Spanish ships carrying gold, silver and jewels to Europe wrecking off the coast of Florida back in the year 1715.    To send a comment, please email the podcast at Inquiry@CondoVultures.com    Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
1:52:59
August 14, 2020
Miami Real Estate And Economic Roundtable - A Discussion By Reporters Of Latest South Florida Headlines For Week Of Aug. 11, 2020
In Episode 29, Condo Vultures® podcast host Peter Zalewski discusses the latest real estate and economic news with novelist and senior reporter Brian Bandell of the South Florida Business Journal and former business reporters John Fakler and Oscar Musibay, a partner with Influence Communications.  In Segments One and Two, the panel discusses the following headlines:  1. "Fort Lauderdale Mayor Doesn’t Want Residents To Get Complacent After County Sees Dip In COVID Positivity Rate" (CBS4 Miami)  2. "32% Of Americans Had Outstanding Housing Payments At The Beginning Of August" (CNBC)  3. "Brightline Cut Ties With Virgin Enterprises. No More Rebranding But Projects Continue" (Miami Herald)  4. "Miami Worldcenter Developer Sells Site To Abbhi Capital For $24M" (The Real Deal Miami)  5. "Canadian Developer Proposes Waterfront Condo In Fort Lauderdale" (South Florida Business Journal)  6. "FBI Raids Miami Office During Probe Into Billionaire’s Alleged Money Laundering" (Local 10 News Miami ABC)  In segment Three, the panel of Zalewski, Bandell, Fakler and Musibay make predictions about the South Florida real estate market and tricounty economy.  In segment Four, the panel discusses one comment submitted by a listener about two earlier podcasts.  To send a comment, please email the podcast at Inquiry@CondoVultures.com    Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
1:08:24
August 13, 2020
Should Miami's Value Investors Consider Buying In Panama's Oversupplied Condo Market?
In Episode 28, Jeff Barton - Managing Director of Punta Pacifica Realty in Panama City, Panama - discusses the challenges and opportunities in the oversupplied condo market of Panama - a Central American country with nearly 4 million people - during the COVID-19 pandemic and a global economic downturn. The discussion ranges from condo pricing to the "Panama Papers." In Segment One, Barton discusses relocating from the Detroit metro area to Miami in 2004 during the previous South Florida real estate cycle to sell units in condo conversion projects and new construction towers. Barton reflects back on Miami's condo crash a decade ago, and how he transitioned into selling preconstruction units first from Miami and then from Panama City in the Trump Ocean Club International Panama.     In Segment Two, Barton compares and contrasts the financials associated with purchasing, maintaining and renting out condo units in Miami and Panama. Barton explains how a foreign nationals navigate the Panamanian real estate transaction process, including taking title, obtaining financing and preparing to move into units.      In Segment Three, Barton talks about the oversupplied condo market in Panama City, developer incentives to attract buyers and the fallout from the "Panama Papers" scandal that reverberated throughout the world.    To send a comment, please email the podcast at Inquiry@CondoVultures.com    Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
1:25:51
August 6, 2020
Miami Real Estate And Economic Roundtable - A Discussion By Reporters Of Latest South Florida Headlines For Week Of Aug. 4, 2020
In Episode 27, Condo Vultures® podcast host Peter Zalewski discusses the latest real estate and economic news with novelist and senior reporter Brian Bandell of the South Florida Business Journal and former business reporters John Fakler and Oscar Musibay, a partner with Influence Communications.  In segments one and two, the panel discusses the following headlines:  1. "Top Federal Reserve Official Says US Needs Another Lockdown To Save Economy" (The Hill)  2. "Banks Say They Are Tightening Lending Standards Even As Demand For Money Falls" (CNBC)  3.  "Retail Rents Plummet Across New York City, As America’s Glitzy Shopping Districts Turn Into Ghost Towns" (CNBC)  4. "Miami’s Basel-Centric Art Scene Faces Threats From Different Directions" (WPLG Channel 10 Miami)  5. "Billionaire Hedge Funder Sells South Beach PH At A Loss" (The Real Deal Miami)  6. "Miami Beach To Vote On $55M Deal For Marina Park Condo Project By Terra" (CNBC)  In segment three, the panel of Zalewski, Bandell, Fakler and Musibay make predictions about the South Florida real estate market and tricounty economy.  In segment four, the panel discusses one comment submitted by a listener criticizing an earlier podcast. To send a comment, please email the podcast at Inquiry@CondoVultures.com Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, CVR Realty and Influence Communications.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
1:16:45
August 4, 2020
Are Investors Fleeing Miami Real Estate For The Lower Home Prices Of Tampa?
In Episode 26, partners Rich Grant and Greg Schreiber of The Grant Homes Group discuss the factors fueling stiff competition for residential real estate in the Tampa region on Florida's west coast despite the COVID-19 pandemic and a U.S. Recession. In Segment One, Grant - who is from Georgia - and Schreiber - who is from New Jersey - discuss how two individuals from different backgrounds teamed up to work the competitive Tampa-St. Petersburg residential real estate market. The duo also discuss the focus of their residential real estate business, and how it has adjusted to changing market conditions as a result of the pandemic.    In Segment Two, Grant and Schreiber compare and contrast Tampa real estate with the Miami market.  The pair provide insight in the range of product type, quality and pricing in the Tampa area. They also discuss Tampa's rental market, and how investors can maximize returns.       In Segment Three, Grant and Schreiber make projections about future sales and pricing in the Tampa region pre- and post-U.S. Presidential election in November 2020. The partners also discuss how the COVID-19 pandemic era could impact Tampa real estate in 2021. To send a comment, please email the podcast at Inquiry@CondoVultures.com    Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
1:14:04
July 30, 2020
Miami Real Estate And Economic Roundtable - A Discussion By Reporters Of Latest South Florida Headlines For Week Of July 28, 2020
In Episode 25, Condo Vultures® podcast host Peter Zalewski discusses the latest real estate and economic news with former business reporters Jean Gruss of Gruss Communications, John Fakler and Oscar Musibay of Influence Communications.  In segments one and two, the panel discusses the following headlines:  1. "Miami Beach Mayor Urges DeSantis to Improve Florida's Contact Tracing Program" (NBC6 South Florida)  2. "Just Over 7% Of Auto And Personal Loans Are In Financial Hardship Programs" (CNBC)  3.  "Yelp says 60% of restaurant Covid-19 closures are permanent" (CNN Business)  4. "Swire Sells Brickell City Centre Office Buildings For $163M" (The Real Deal Miami)  5. "Miami-Dade Property Appraiser ‘Worried’ About Upcoming Property Taxes" (CBS4 Miami)  6. "How The Eviction Crisis Across The U.S. Will Look" (CNBC)  In segment three, the panel of Zalewski, Gruss, Fakler and Musibay make predictions about the South Florida real estate market and tricounty economy.  In segment four, the panel discusses one comment submitted by a listeners. To send a comment, please email the podcast at Inquiry@CondoVultures.com Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, CVR Realty and Influence Communications.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
1:10:27
July 28, 2020
Are New Condo Towers Profitable For Developers Building In Miami?
In Episode 24, Howard N. Shapiro - A Veteran Condo Developer, University Of Miami Instructor And Expert Witness - Discusses The Financial Formula For Building New Condo Towers In Miami And The New Challenges Of Developing In South Florida During The COVID-19 Era. In Segment One, Shapiro talks about his real estate development career that spans nearly 40 years and resulted in about 7,000 units with a valuation of nearly $1 billion. Shapiro, who is originally from Quebec, Canada, also talks about how and why he came to South Florida to build high-rise condo towers. In Segment Two, Shapiro discusses the financial reality of condo developments that feature massive-sized luxury units, brand names and starchitects.   In Segment Three, Shapiro makes predictions about the future and cost of new condo development in South Florida in the COVID-19 pandemic era. To send a comment, please email the podcast at Inquiry@CondoVultures.com    Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
1:46:21
July 23, 2020
Miami Real Estate And Economic Roundtable - A Discussion Of Latest South Florida Headlines For Week Of July 21, 2020
In Episode 23, Condo Vultures® podcast host Peter Zalewski discusses the latest real estate and economic news with former business reporter journalists Jean Gruss, John Fakler and Oscar Musibay, who is now a partner at Influence Communications in Miami. In segments one and two, the panel discusses the following headlines: 1. "A Lot of Americans Are About to Lose Their Homes" (The Atlantic) 2. "A 'tsunami of evictions' is coming, warn housing advocates" (NBC News) 3.  "Goldman Sachs Pulls Funding From 1000M Condo Tower" (The Real Deal Chicago) 4. "Florida Adds More Than 10,000 Coronavirus Cases As State Total Climbs Past 360,300" (Miami Herald) 5. "Researcher: The South Florida Housing Market Sees Highest Overvaluation In Eight Years" (Miami Herald) 6. "South Florida Among Areas With Largest Job Losses" (NBC 6 South Florida) In segment three, the panel of Zalewski, Gruss, Fakler and Musibay make predictions about the South Florida real estate market and tricounty economy. In segment four, the panel discusses two comments submitted by listeners. To send a comment, please email the podcast at Inquiry@CondoVultures.com    Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
1:25:22
July 22, 2020
Are New York Buyers Choosing Fort Lauderdale Over Miami For Second Homes During The COVID-19 Pandemic?
In Episode 22, Howard Elfman - Managing Broker of The Agency South Florida - discusses the newest trends emerging in residential real estate in the Downtown Fort Lauderdale And Beach Market during the COVID-19 pandemic. In Segment One, Elfman explains why he relocated to Fort Lauderdale from Philadelphia, and what ultimately inspired him to give up a career in technology for South Florida real estate more than two decades ago. As part of that real estate career, Elfman speaks about how and why he has participated in leadership positions with the Greater Forts Lauderdale Realtors, the Florida Realtors and the National Association Of Realtors.  As part of this involevment, Elfman discusses why he has and continues to serve on various governmental boards, including the Fort Lauderdale Planning And Zoning Board, Broward Housing Council and the Riverwalk Fort Lauderdale Trust. In Segment Two, Elfman discusses how and why during his real estate career he has brokered everything from bank-owned properties to preconstruction condo projects in the Fort Lauderdale area and South Florida market. Elfman also discusses transacting his first deal using video calling technology due to the pandemic. In Segment Three, Elfman makes predictions about the immediate future of the Fort Lauderdale real estate market until a COVID-19 vaccine is potentially created. To send a comment, please email the podcast at Inquiry@CondoVultures.com    Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
56:29
July 16, 2020
Miami Real Estate And Economic Roundtable - A Discussion Of Latest South Florida Headlines For Week Of July 14, 2020
In Episode 21, Condo Vultures® podcast host Peter Zalewski discusses the latest real estate and economic news with award-winning journalist Francisco Alvarado and former journalists John Fakler and Oscar Musibay, who is now a partner at Influence Communications in Miami. In segments one and two, the panel discusses the following headlines: 1. "Experts Say Miami Is Now The Coronavirus Epicenter Just As Wuhan Once Was" (Local 10 News Miami) 2. "As Market Wipes Out 2020 Losses, These Stocks Are The Biggest Winners From The March Bottom" (CNBC) 3.  "Famed Clevelander Hotel On South Beach Closes Over COVID Concerns" (NBC 6 South Florida) 4. "Pandemic Slammed Brakes On Nearly Half Of Would-Be Homebuyers: Survey" (The Real Deal Miami) 5. "As Offices Reopen Amid Coronavirus, Workers Clash Over Masks, Cubicle Barriers and Lysol" (Wall Street Journal) 6. "Miami-Dade approves $10M emergency rent relief program" (The Real Deal Miami) In segment three, the panel of Zalewski, Alvarado, Fakler and Musibay make predictions about the South Florida real estate market and tricounty economy. In segment four, the panel discusses three comment submitted by listeners about the Episode 20 with attorney Alex Barthet of the Barthet Firm.  To send a comment, please email the podcast at Inquiry@CondoVultures.com    Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
1:09:29
July 14, 2020
Is It Worth Suing A Miami Developer For The Construction Defects In A New Condo?
In Episode 20, Condo Vultures® podcast host Peter Zalewski interviews Miami attorney Alex Barthet - managing partner of The Barthet Firm and host of TheLienZone.com podcast - about the legal options afforded to property owners who are disappointed with the construction quality of their preconstruction condo units in South Florida.  In Segment One, Barthet talks about growing up in Miami, studying engineering and law, and building a law firm that specializes in construction defects.  In Segment Two, Barthet provide insight into the legal options and process that property owners are afforded when they disappointed in the work performed by developers and contractors.   In Segment Three, Barthet discusses tips and preventive measures that property owners can incorporate to lessen their chance of having defects on construction work.    To send a comment, please email the podcast at Inquiry@CondoVultures.com    Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.
1:14:31
July 9, 2020
Miami Real Estate And Economic Roundtable - A Discussion Of Latest South Florida Headlines For Week Of July 7, 2020
In Episode 19, Condo Vultures® podcast host Peter Zalewski discusses the latest real estate and economic news with award-winning journalist Francisco Alvarado and former journalists John Fakler and Oscar Musibay, who is now a partner at Influence Communications in Miami.     In segments one and two, the panel discusses the following headlines:   1. "CBO: Coronavirus Pandemic Will Scar U.S. Labor Market For The Next Decade" (Washington Post)    2. "How Luxury Real Estate Deals Are Moving Forward in States With Spiking Coronavirus Cases" (Wall Street Journal)  3.  "Commercial mortgage delinquencies surged at record monthly rate in June" (CNBC)  4. "Foreign Investors Are Flooding The New York Real Estate Market" (Forbes)    5. "Gov. DeSantis Extends Moratorium on Evictions, Foreclosures Until August 1" (NBC 6 South Florida)  6. "Man Charged in Miami Beach Elevator Shove, But Attorney Says It Was COVID Protection" (NBC 6 South Florida)  In segment three, the panel of Zalewski, Alvarado, Fakler and Musibay make predictions about the South Florida real estate market and tricounty economy.       In segment four, the panel discusses a comment submitted by a listener about the Miami Real Estate And Economic Roundtable discussion from June 30, 2020, and a follow up on a discussion from a previous episode about Arbetter's Hot Dogs in Miami facing a new competitor in Nathan's Famous Hot Dogs.      To send a comment, please email the podcast at Inquiry@CondoVultures.com    Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, CVR Realty and Influence Communications.
1:16:23
July 7, 2020
What Does It Cost To Build Out A Preconstruction Condo Unit In Miami Before It Is Inhabitable?
In Episode 18, Condo Vultures® podcast host Peter Zalewski interviews Jason Lynn of Decorators Unlimited in Palm Beach County about the process of building out - or completing - a preconstruction condo unit before it is inhabitable in South Florida.   In Segment One, Lynn discusses how he got to South Florida, the process of building out a unit and the size and scope of his firm Decorators Unlimited.  In Segment Two, Lynn provides insight into the latest trends in interior design, buildout and changing styles given the COVID-19 pandemic.       To send a comment, please email the podcast at Inquiry@CondoVultures.com  Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.   Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report
01:07
July 7, 2020
Miami Real Estate And Economic Roundtable - A Discussion Of Latest South Florida Headlines For Week Of June 30, 2020
In Episode 17, Condo Vultures® podcast host Peter Zalewski discusses the latest real estate and economic news with real estate reporter and editor Katherine Kallergis of The Real Deal in Miami and former journalists John Fakler and Oscar Musibay, who is now a partner at Influence Communications in Miami.   In segments one and two, the panel discusses the following headlines:    1. "CDC Says U.S. Has ‘Way Too Much Virus’ To Control Pandemic As Cases Surge Across Country" (CNBC) 2. "Will The Coronavirus Drive Down Housing Prices? This Real Estate Broker Says No." (Vox)  3. "The Jumbo Market Shows Signs of Heating Up" (The Wall Street Journal)   4. "Foreign Investors Are Flooding The New York Real Estate Market" (Forbes) 5. "RK Centers Alleges Restaurant Refused COVID Relief, Vacated Property" (The Real Deal)  In segment three, the panel of Zalewski, Kallergis, Fakler and Musibay make predictions about the South Florida real estate market and tricounty economy.     In segment four, the panel discusses a comment submitted by a listener about the risk of rising sea levels in South Florida related to Episode 16 titled "Is This The End Of Miami's Golden Age Of High-Rise Condo Development?".   To send a comment, please email the podcast at Inquiry@CondoVultures.com   Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, CVR Realty and Influence Communications.
1:16:02
June 30, 2020
Is This The End Of Miami's Golden Age Of High-Rise Condo Development?
In Episode 16, Condo Vultures® podcast host Peter Zalewski interviews architect Reinaldo Borges - founder and principal of Borges + Associates in Miami - about the changing preferences of South Florida investors as a result of the COVID-19 pandemic and rising sea levels.    In Segment One, Borges talks about what first brought him to Miami, why he became an architect and his firm's architectural specialties.  In Segment Two, Borges provide insight into how the COVID-19 pandemic is changing the wants and needs of investors and users of residential and commercial structures in South Florida.     In Segment Three, Borges discusses the challenges and opportunities for South Florida as a result of rising sea levels.. To send a comment, please email the podcast at Inquiry@CondoVultures.com  Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report
1:20:43
June 26, 2020
Miami Real Estate And Economic Roundtable - A Discussion Of Latest South Florida Headlines For Week Of June 22, 2020
In Episode 15, Condo Vultures® podcast host Peter Zalewski discusses the latest real estate and economic news with real estate reporter and editor Katherine Kallergis of The Real Deal in Miami and former journalists John Fakler and Oscar Musibay, who is now a partner at Influence Communications in Miami.  In segments one and two, the panel discusses the following headlines:    1. "U.S. Banks Are ‘Swimming In Money’ As Deposits Increase By $2 Trillion Amid The Coronavirus" (CNBC)  2. "Restaurant where Miami mayor dined one of 3 shut down for breaking COVID-19 rules" (WPLG Local10.com) 3. "'Pandemic Pricing' Is Here. Rents Are Dropping Across The US (CNN)  4. "HOAs, Condo Boards Should Brace For A Slowdown In Dues - And Tread Carefully" (Miami Herald)  In segment three, the panel of Zalewski, Kallergis, Fakler and Musibay make predictions about the South Florida real estate market and tricounty economy.    In segment four, the panel discusses comments submitted by listeners and answers questions about the South Florida luxury condo market and the Downtown Boca Raton and Beach condo market.  To send a comment, please email the podcast at Inquiry@CondoVultures.com  Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, CVR Realty and Influence Communications.
1:15:13
June 23, 2020
Can Miami Condo Owners Lower Their 2020 Property Taxes As A Result Of The COVID-19 Pandemic?
In Episode 14, Condo Vultures® podcast host Peter Zalewski interviews the father-and-son property tax appeal specialists Tom And Andrew Dixon of Dixon Commercial Real Estate in Miami about the tax appeal process, the dos and don'ts of successfully obtaining property tax reductions and the outlook for upcoming year given the COVID-19 pandemic.   In Segment One, Tom Dixon, the president and broker of Dixon Commercial Real Estate, talks about what first brought him to Miami in 1970, and why he ultimately launched a real estate tax appeal firm after trying his hand at being an appraiser and developer. His son Andrew, a broker associate with the firm, offers insight into the savings that owners have realized with successful tax appeal applications.    In Segment Two, the Dixons provide their outlook for South Florida's economy and the real estate market, with a focus on commercial properties.    To send a comment, please email the podcast at Inquiry@CondoVultures.com Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty. Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report
59:22
June 18, 2020
Miami Real Estate And Economic Roundtable Discussion Of Latest South Florida Headlines For Week Of June 15, 2020
In Episode 13, Condo Vultures® podcast host Peter Zalewski discusses the latest real estate and economic news with investigative reporter Ken Silverstein of Washington Babylon and former journalists John Fakler and Oscar Musibay, who is now a partner at Influence Communications in Miami. In segments one and two, the panel discusses the following headlines:   1. "Will Miami Be Around in 2067?" (New York Times) 2. "Florida spike in coronavirus cases could lead to another stay-at-home order in Miami, mayor says" (WPLG Local10.com) 3. "Retailers, If You Think 2020 Is Bad, Wait Because It Is Going To Get Worse" (Forbes) 4. "Related swaps condo project for office on Miami Beach’s Terminal Island" (Miami Herald) In segment three, the panel of Zalewski, Silverstein, Fakler and Musibay make predictions about the South Florida real estate market and tricounty economy.   In segment four, the panel discusses comments submitted by listeners.  To send a comment, please email the podcast at Inquiry@CondoVultures.com Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, CVR Realty and Influence Communications.
1:07:12
June 16, 2020
Why Is A Miami Developer Building A Spec Condo Tower During A Pandemic And U.S. Recession?
In episode 12, Condo Vultures® podcast host Peter Zalewski interviews Rishi Kapoor - CEO of Location Ventures - about the opportunities and challenges of developing a variety of high-end residential real estate product types - condo towers, single-family houses and multifamily properties - in South Florida during a pandemic, a U.S. recession and an uncertain Miami condo market.   In segment one, Kapoor explains what attracted him to Miami from his hometown of Atlanta, and why he still lives in South Florida nearly 20 years later.   In segment two, Kapoor elaborates on the four different real estate divisions operating under the Location Ventures brand. In segment three, Kapoor provides insight into how and why his projects are likely to navigate successfully through the current health and economic challenges plaguing South Florida and the world.    To send a comment, please email the podcast at Inquiry@CondoVultures.com Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, CVR Realty and Influence Communications.
1:36:23
June 11, 2020
Miami Real Estate And Economic Roundtable Discussion Of Latest South Florida Headlines For Week Of June 8, 2020
In episode 11, Condo Vultures® podcast host Peter Zalewski discusses the latest real estate and economic news with investigative reporter Ken Silverstein of Washington Babylon and former journalists John Fakler and Oscar Musibay, who is now a partner at Influence Communications in Miami.   In segments one and two, the panel discusses the following headlines:   1. Douglas Elliman Is Closing Three South Florida Offices (The Real Deal Miami)  2. Miami-Dade Approves $25 Million To Assist Small Business (Miami's Community Newspapers)  3. George Floyd Protests Hit Miami's Restaurant Community While It Was Down (Miami New Times)  4. Real Estate Stocks Rally On Strong May Jobs Report (The Real Deal New York)  5. U.S. Officially Entered "Unprecedented" Recession In February, Ending Longest Economic Rally On Record (New York Daily News)  In segment three, the panel of Zalewski, Silverstein, Fakler and Musibay make predictions about the South Florida real estate market and tricounty economy.  In segment four, the panel discusses sent it by listeners.  To send a comment, please email the podcast at Inquiry@CondoVultures.com Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, CVR Realty and Influence Communications.
1:16:41
June 11, 2020
Are Miami's Hard-Money Lenders Tightening Their Financing Terms In The COVID-19 Pandemic Era?
In episode 10, the first two segments of the podcast feature Alexis "Alex" Agopian - partner and founder of A & S Capital in the Miami suburb of Aventura - discusses how private lenders - also known as Hard-Money Lenders - are tightening their financing terms in South Florida in the COVID-19 pandemic era.    In segments three and four, Condo Vultures® podcast host Peter Zalewski discusses the latest real estate news with former journalists John Fakler and Oscar Musibay, who is now a partner at Influence Communications in Miami.  To send a comment, please email the podcast at Inquiry@CondoVultures.com Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, CVR Realty and Influence Communications.
1:30:53
June 3, 2020
Is This The Moment For Flippers To Buy Residential Real Estate In South Florida?
In Episode 9, the first two segments of the podcast feature Viju Koottungal and Jim Pamplin - owners of the Dade Real Estate Investors Association (DREIA) - discuss the opportunities and pitfalls of buying South Florida real estate during the uncertainty of the COVID-19 pandemic.   In segments three and four, Condo Vultures podcast host Peter Zalewski discusses the latest real estate news with former journalists John Fakler and Oscar Musibay, who is now a partner at Influence Communications in Miami.  To send a comment, please email the podcast at Inquiry@CondoVultures.com Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, CVR Realty and Influence Communications.
1:39:55
May 28, 2020
Should Condo Investors Rely On Local News Reports When Purchasing In South Florida?
In episode 8, the first segment of the podcast features Hugo Ottolenghi - a former newspaper editor who is currently a university instructor and a public relations consultant in South Florida - discusses changes in the journalism industry.  In segment two, Ottolenghi  discusses techniques for vetting news reports and offers recommendations for collecting actionable real estate information.  In segment three, Condo Vultures podcast host Peter Zalewski discusses the latest real estate news with former journalists John Fakler and Oscar Musibay, who is now a partner at Influence Communications in Miami.  In segment four, Zalewski, Fakler and Musibay read and discuss audience comments.  To send a comment, please email the podcast at Inquiry@CondoVultures.com Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, CVR Realty and Influence Communications.
1:47:06
May 20, 2020
Are Condo Inspections The Key To Negotiating Lower Prices And Better Terms For Buyers?
In episode 7, the first segment of the podcast features veteran home inspector Chuck Patten - Owner of Inspections Plus Inc in Pembroke Pines, Fla. - discussing the basics of home inspections, the training necessary to be licensed and how buyers use inspection results to renegotiate purchase contracts - with lower prices and better terms - for South Florida real estate.  In segment two, Patten discuss keys to spotting a problem in residential properties and construction quality during the search process. Patten also shares stories about some of the memorable situations that he has experienced while inspecting properties in South Florida.  In segments three and four, former journalists Oscar Musibay of Influence Communications and John Fakler discuss the latest real estate news with host Peter Zalewski.  To send a comment, please email the podcast at Inquiry@CondoVultures.com Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, CVR Realty and Influence Communications.
1:36:34
May 13, 2020
Is South Florida’s Multifamily Market In Trouble As Renters Default And Financing Tightens?
In episode 6, the first segment of the podcast features investor and property manager Daniel Jaramillo - CEO of Strategic Properties in Greater Downtown Miami - discussing how his firm grew its portfolio to 2,700 rental units in less that 20 years. Jaramillo’s firm owns and manages 1,000 of its own units and manages an additional 1,700 units for clients.   In segment two, Jaramillo discusses the challenges of collecting rents, utilizing the U.S. Section 8 program, obtaining financing in a changing lending market and selling units during the COVID-19 pandemic.   In segment three, former journalists Oscar Musibay of Influence Communications and John Fakler discuss the latest real estate news with host Peter Zalewski. Part of the roundtable discussion includes reference to a virtual webinar that Zalewski did with Stuart Elliott, the Editor-In-Chief of The Real Deal.   In segment four, Zalewski, Musibay and Fakler respond to comments submitted by listeners regarding previous episodes. To send a comment, please email the podcast at Inquiry@CondoVultures.com Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, CVR Realty and Influence Communications.
1:49:50
May 6, 2020
Is Litigation Necessary To Collect On Business Interruption Insurance During The COVID-19 Pandemic?
In episode 5, the first segment of the podcast features attorney Benjamin R. Alvarez - founding partner of Alvarez, Feltman, Da Silva & Costa - explaining the purpose of business interruption insurance and how it is used to protect companies in situations where organizations can not operate for no fault of their own.  In segment two, Alvarez discusses the challenges of getting insurance companies to pay a claim and the information necessary to proceed through the process during the pandemic. Alvarez also provides insight into the litigation process in the situations where insurers refuse to pay and what businesses can do to improve their chances of being paid.  In segment three, former journalists Oscar Musibay of Influence Communications and John Fakler discuss the latest real estate news with host Peter Zalewski. In segment four, Zalewski, Musibay and Fakler respond to comments submitted by listeners regarding previous episodes.  To send a comment, please email the podcast at Inquiry@CondoVultures.com Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, CVR Realty and Influence Communications.
1:32:14
April 29, 2020
Are South Florida Condo Deals Actually Closing During The COVID-19 Pandemic?
In episode 4, the first segment of the podcast features Clarita Rosa of Stewart Title in Coral Gables explaining the purpose of a real estate title in Florida and how it is used to protect all parties involved including a buyer and a lender.  In segment two, Rosa discusses the challenges of completing a real estate transaction during the epidemic due to social distancing. Rosa also provides insight into deal flow for 2020 and beyond based on conversations with Realtors and lenders. In segment three, former journalists Oscar Musibay of Influence Communications and John Fakler discuss the latest real estate news with host Peter Zalewski.  In segment four, Zalewski, Musibay and Fakler respond to comments submitted by listeners regarding previous episodes.   To send a comment, please email the podcast at Inquiry@CondoVultures.com Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, CVR Realty and Influence Communications.
1:41:35
April 22, 2020
Have Lenders Turned Off The Financing Spigot For The South Florida Condo Market?
For Episode 3, Condo Vultures podcast host Peter Zalewski interviews longtime mortgage broker and private lender Grant Stern of Morningside Mortgage about the current challenges of financing a South Florida condo in the COVID-19 world.  For the first two segments of this episode, Stern - who financed South Florida condos for nearly 20 years - compares and contrasts the finance environment today during this pandemic with the Great Recession.  Segment three of this podcast features a roundtable discussion of the latest South Florida real estate news with former real estate report Oscar Musibay and former white-collar crime reporter John Fakler. The episode ends with a discussion of comments received from listeners.  To send a comment, please email the podcast at Inquiry@CondoVultures.com Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, CVR Realty and Influence Communications.
1:49:02
April 16, 2020
Former Miami Real Estate Journalist Assesses Fallout From COVID-19 On South Florida’s Condo Market
In episode 2, Condo Vultures Podcast Host Peter Zalewski interviews former real estate journalist Oscar Musibay , who is currently a partner in the Miami public relations and market firm Influence Communication.  Musibay - who wrote for the Miami Herald, Associated Press, Miami New Times, Miami Daily Business Review and South Florida Business Journal - provides insight into what the South Florida condo market and tri-county economy are likely to experience up until - and after - the U.S. financial system reopens. Musibay describes the strategies that local businesses are adopting to get through the crisis and what it can mean for real estate investors looking to transact.  To send a comment, please email the podcast at Inquiry@CondoVultures.com Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, CVR Realty and Influence Communications.
1:28:13
April 9, 2020
Miami Condo Expert Peter Zalewski Discusses The State Of The Market In This Inaugural Podcast
In this first episode, host Peter Zalewski provides an overview about the objectives of the podcast, his extensive real estate experience and insider tips about the South Florida condo market. This series is sure to become a must-hear podcast for serious real estate investors and professionals. For more information, please visit: CondoVultures.com or call 305.865.5859.  To send a comment, please email the podcast at Inquiry@CondoVultures.com Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours and CVR Realty.
1:11:34
April 1, 2020
March 31, 2020
00:43
March 31, 2020