Zillow has definitely captured the Phoenix market. The majority of units in Phoenix are on there unless you do not want to get your unit leased quickly. The only grey area would be the new build properties dont always list "all" individual units.
Also anecdotal from my units + mgt company, but cautiously optimistic that Phoenix rents and occupancy have finally stabilized. The data shown on this chart may be the reason for that, as I would assume Phx was closer to Austin 12 months ago when it was very painful.
the more content generation becomes democratized and algorithms drive us to what’s familiar and trendy, the more we will crave quality and sheer originality
Building 2 well on its way.
This is our 2nd of 3 structural masonry buildings for our walkable infill project, Townsend.
The remaining live/works and townhomes will be wood framed with brick veneer.
Pretty cool to have these buildings anchor the development.
Starting June 1, we’re doing things better at Steak n Shake — all our beef will come straight from pasture-raised cattle. This beef will be 100% grass-fed and grass-finished, making us the only American burger joint serving the healthiest kind of beef.
At Castle we're building a financial stack powered by bitcoin to supercharge businesses. And today as part of that we're introducing two new products:
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Most businesses are not ready to convert their operating cash into bitcoin - and they shouldn't have to!
Starting today, Castle now offers businesses an operational cash account that pays them up to 3.5% in Bitcoin.
On top of that, we're also launching a High Yield account fueled by @Strategy's $STRC, where dividends can be paid in cash or bitcoin.
Available for US entities.
Spotify needs to release a “kids” setting so I can play all the songs my kids listen to without it affecting my own Discovery algorithm.
Insane that I can’t do this already.
My Discover Weekly is just nursery songs and Moana.
@Spotify please fix this.
@mikehoffmann https://t.co/UCTJsqVLhR - we have many options for this investment amount and let you go direct to the GP. You can search by deals accepting 1031 funds as well.
@scottyo21 I love how deep you guys are going. I feel strongly that the GPs who build AI into their infrastructure (vs just using whats available off the shelf) are going to crush the ones who don't. I would guess it will be invisible for a while since it will just be seen in better deal economics relative to the market. Then a flywheel will kick in: better operations, better deal sourcing, better returns --> higher GP margin, which in turn lets them hire better people and pay them considerably more.
Two years ago my partners and I wrote a 64 page asset management guidebook for onboarding an asset manager.
Today a Google Script downloads my PM reports from Canopy and saves it in my drive every Monday. Claude goes in and takes all of that reporting and benchmarks it against the guidebook. Builds a dashboard with score cards for each deal. Identifies specific units that have not hit KPIs for make ready or days vacant. Etc. Aggregates all lease trade outs for the week. Reads the on-site mgr weekly notes to see whether they are already addressing issues the way we like them to be addressed. Then drafts an email scorecard for the team for the week.
It used to take two of our asset managers a full work day a week to do this across our portfolio. They each got an entire day back to actually address these issues rather than figuring out they exist in the first place.
I’ve said it before because of this shortage.
Single family homes will become unaffordable.
People will be forced into buying Small multifamily and house hacking.
The price of small multifamily will skyrocket.
This is 100% what will happen.
We've trained an LP deck review model on hundreds of CRE investments and just released it to the public for free:
1) Upload a real estate deck
2) Confirm facts that we gathered from the deck
3) <60 seconds later your results are ready