Ryan Tuttle

⚖️ 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐧𝐠 𝐋𝐢𝐞𝐧 𝐋𝐚𝐰𝐬 𝐢𝐧 𝐒𝐞𝐥𝐟-𝐒𝐭𝐨𝐫𝐚𝐠𝐞: 𝐄𝐬𝐬𝐞𝐧𝐭𝐢𝐚𝐥 𝐟𝐨𝐫 𝐀𝐮𝐜𝐭𝐢𝐨𝐧 𝐒𝐮𝐜𝐜𝐞𝐬𝐬 𝐋𝐞𝐠𝐚𝐥 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐟𝐨𝐫 𝐀𝐮𝐜𝐭𝐢𝐨𝐧𝐬: At 3 Mile Storage Management, we stress the critical importance of understanding and adhering to your state-specific lien laws when conducting auctions for delinquent units. The auction process is a sensitive legal matter, and being well-versed in these laws is key to protecting your business and ensuring a lawful and fair auction process. 𝐒𝐭𝐚𝐲𝐢𝐧𝐠 𝐈𝐧𝐟𝐨𝐫𝐦𝐞𝐝 𝐟𝐨𝐫 𝐑𝐢𝐬𝐤 𝐌𝐢𝐭𝐢𝐠𝐚𝐭𝐢𝐨𝐧: Each state has its own set of regulations governing self-storage auctions, and non-compliance can lead to legal complications and damage to your facility’s reputation. 📜 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐋𝐢𝐞𝐧 𝐋𝐚𝐰𝐬 𝟏. 𝐋𝐞𝐠𝐚𝐥 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞: Ensures that your auction process adheres to state laws, minimizing legal risks. 𝟐. 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐭 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬: Builds trust with your customers and the public by conducting fair and lawful auctions. 𝟑. 𝐄𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐑𝐞𝐜𝐨𝐯𝐞𝐫𝐲 𝐏𝐫𝐨𝐜𝐞𝐬𝐬: Understanding lien laws helps streamline the auction process, efficiently clearing delinquent units for new rentals. 👣 𝐀𝐜𝐭𝐢𝐨𝐧 𝐈𝐭𝐞𝐦: 𝐄𝐝𝐮𝐜𝐚𝐭𝐞 𝐚𝐧𝐝 𝐔𝐩𝐝𝐚𝐭𝐞 𝐨𝐧 𝐋𝐢𝐞𝐧 𝐋𝐚𝐰𝐬  𝐒𝐭𝐚𝐲 𝐈𝐧𝐟𝐨𝐫𝐦𝐞𝐝 𝐚𝐧𝐝 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐭: Regularly review and stay updated on your state’s lien laws. Train your team on these regulations to ensure that every auction is conducted legally and ethically. 🔐 𝐂𝐨𝐧𝐝𝐮𝐜𝐭𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐭 𝐚𝐧𝐝 𝐄𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐀𝐮𝐜𝐭𝐢𝐨𝐧𝐬 𝐍𝐞𝐞𝐝 𝐆𝐮𝐢𝐝𝐚𝐧𝐜𝐞 𝐨𝐧 𝐋𝐢𝐞𝐧 𝐋𝐚𝐰𝐬 𝐚𝐧𝐝 𝐀𝐮𝐜𝐭𝐢𝐨𝐧𝐬? If you’re navigating the complexities of self-storage lien laws and want to ensure your auctions are conducted correctly, connect with me at www.3milestorage.com. We can provide the expertise and support needed to manage this aspect of your business smoothly and compliantly.

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Trying to do my best to educate, educate, and then educate some more. There is a huge difference in real estate brokerage models, and it’s NOT all about the money. It IS all about the consumer, and the agent's freedom to deliver what the consumer demands. Shout out to HousingWire and RealTrends for publishing my most recent article. #BeBetterBeBenchmark #DiscoverBenchmark #BenchmarkRealty #realestate #RealEstateBrokerage

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Great post and perspective from Logan D. Freeman. I had to repost and open my big mouth on why the #officeapocalypse is just as real and just as big as last cycle's #retailapocalypse. Here's the rundown.... Office is playing out eerily similar to Malls during the GFC in terms of demand, costs, recovery, write-downs, etc. We're in the early stage, 3rd inning IMO, of a trifurcation of office assets wherein, roughly: - 1/3 of assets are effectively obsolete and worth salvage value - 1/3 will perpetually operate in the black (Zombie offices) - 1/3 will continue to kick ass and make $$$ To Logan's point $2T in losses is a drop in the bucket at surface level. However, diving deeper into capital markets- leverage, bank concentration ratios, CECL, ALLL & reserves, carry/stabilization costs, deposit costs, yield curves, IRRs, etc.- a mere $2T in levered losses REALLY jams up the economic engine like 20% diesel in an F-35. The good news is with a little bit of luck, and some great #loansales, we'll get through this bigger, better and bolder than ever, but that could also be my eternal optimism speaking. What do you think???

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As we celebrate Earth Day, did you know NAR Research produces two reports dedicated to sustainability in real estate? One pertaining to the residential market and another dedicated to commercial real estate. 63% of residential practitioners said energy efficiency promotion in listings was very or somewhat valuable and 50% were directly involved with a property with green features, either on the buyer or seller side in the last 12 months. Residential report here: https://lnkd.in/edrcdYZf Thirty-nine percent of REALTORS® said buildings with green certifications, such as LEED, Green Globes, or the Living Building Challenge, had increased commercial property values. Commercial report here: https://lnkd.in/e-gsxaig Sidnee Holmes manages these reports for NAR.

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🚨Many real estate agents struggle to maintain meaningful connections with their past clients, often finding it challenging to stay top of mind and provide ongoing value beyond the transaction. In this episode of the Unstoppable Real Estate Agents Podcast, I share with you invaluable insights on how to overcome this hurdle by creating a VIP group on Facebook to nurture past clients and ensure lasting engagement. https://lnkd.in/gEiE68JT #podcast  #podcasts  #podcasting  #podcaster  #podcastlife  #podcastersofinstagram  #podcasters  #podcastshow  #realestate  #realestateagent  #realestatelife  #realestateinvestor  #realestatebroker  #realestateagents  #realestatesales  #realestategoals #unstoppablerealestateagents #unstoppablerealestateagentspodcast

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While mortgage interest rates may not move down immediately, people move when life changes happen.

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Fellow members REALTORS® across the country are talking about the potential challenges and opportunities posed by NAR's proposed settlement agreement. If you're feeling uncertain about what the settlement means for your business, tune in to three new episodes of our "Drive With NAR" podcast to hear how your peers are navigating change. You'll hear facts about the settlement, and tools and advice you can use to navigate change and demonstrate your value.  Tune in to "Drive With NAR" at magazine.realtor/drive or wherever you get your podcasts. More next week! ##NARLEGISLATIVE #NARNXT #podcast

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Advice for Residential Real Estate Agents Having interviewed many residential agents wanting to make a move to commercial real estate, most have similar experiences and comments. I constantly hear them say that when dealing with or talking to CRE professionals no one seems to want to respond, mentor or give them the time of day. So here are some recommendations for you to consider. Don’t ask or expect a commercial broker to give you leads. You must work for them just like in residential.          Your training starts months in advance before you decide to make the change. There is a ton of learning material on the internet for free that will teach you the basics of how to approach buyers and sellers and what is important in the conversation.          Rarely are the buyers and sellers you deal with emotionally attached to a property. They are emotionally attached to the almighty dollar, so unless you can have a decent conversation about how to make them more money don’t waste your time.         Math is math and the numbers do not lie. If you can’t stomach working over 9 months for a deal to close, then this is not the path you should take.      Expect to make a lot of calls. It’s a numbers game.       Your interview starts from the moment you apply. Yes I’m checking your online profile. Yes, I’m checking Linked In. Yes, I’m calling you out of the blue to see how you answer the phone and handle an impromptu interview.      It’s your job to sell me on why you would be a good fit. Not the other way around.    If you apply for a position as a CRE Agent/Broker, you have 24 hours from the moment I call, leave a voicemail, or email you to respond. The way you handle me reaching out shows me how you would handle prospective clients. I actually have more, but I’ll leave it there for now. If you are still interested in a deeper conversation on how to make the change feel free to reach out.  #CRE #realestate #orlandorealestate #jobs

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Equity Residential 1Q24 Soundbites - 4/24/24 1. "We're slowing dispositions until we see better visibility into the acquisition side of the market. It did feel like 2-3 weeks ago we were getting there; buyers & sellers were finding common ground at 5 to 5.25. The hotter inflation report threw everything back to where we were a quarter ago." 2. “Two very different pictures: established coastal vs. expansion markets. Ex-Seattle and D.C. in our established markets, we see terrific demand met with little new supply, leading to solid rent growth.” 3. “Across our 4 expansion markets, robust demand is met with overwhelming supply, leading to declining rent levels, high concessions and occupancy pressure.” 4. “Expansion market pressure will accelerate in 2024, especially as the prime leasing season concludes and demand seasonally declines.” 5. "Boston: 97% occupied; very little competitive supply. Little to no concessions. Expect Boston to deliver some of the best full year revenue growth in the portfolio." 6. "NYC: performing well; strong demand and pricing power. 97%+ occupied; very little competitive supply. Moved past the rent fatigue in late 2023." 7. "DC: Outperforming on revenue even after a strong 2023. Solid defense employment driving stable high occupancy and retention. The District has begun lagging suburban assets, due to supply (anticipate pressure to build as year progresses)." 8. "LA: Good demand; not a lot of pricing power due to units coming back to market via eviction process. 96% occupied; eviction processing timeline now 6 months (vs. 9) which should help; but still nearly 2X as long as before." 9. "San Diego / Orange County: Very strong performers. Lack of housing keeps occupancy high. San Diego will see more supply in 2024, while Orange County similar to 2023, with limited pressure at a few Irvine locations." 10. "San Fran: Well occupied; would like to see continued improvements in pricing power. South Bay, East Bay, and Peninsula outperforming downtown; concessions prevelant downtown but issued at lower rates than 4Q23." 11. "Seattle: December strength carried into 2024, leading to improved occupancy and rental rates; supply in 2024 could temper growth. East Side outperforming City of Seattle; Redmond performing very well despite direct pressure from new lease-up." 12. "Concessions at stabilized assets in Atlanta, Dallas, and Denver are running at 30% of apps getting 4 to 6 weeks. In Austin, it's 60% at 6 weeks." 13. In 1Q24, turnover was the lowest ever. 61%+ of our residents renewed." 14. “Residents leaving to buy homes was 7.8%; continuation of all-time lows.” 15. “Well-located, newer properties in expansion markets are trading at high prices and very low volume vs. pre-pandemic levels." 16. “On track to deliver 6 JV developments in 2024; 3 in Dallas, 2 in Denver and 1 in suburban NY; at stabilized yields north of 6%.” #multifamily #housing #commercialrealestate #cre #realestate #capitalmarkets #proptech

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The leading measure of U.S. home prices shows that all major metro markets reported month-over-month price increases. According to data by CoreLogic, San Diego stands out with an impressive 11.1% annual gain, followed closely by New York, Cleveland, and Los Angeles, indicating strong demand for urban markets. The two largest population centers, New York and Los Angeles, make up about 30% of the 20-City Composite and have shown significant recovery, keeping pace with the national composite annualized return of 9.9% since 2020. https://lnkd.in/gj76ADFz

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How's the Market? "Price is what you pay. Value is what you get." - Warren Buffett 💫 In Montecito, where each property has its own story to tell, heed Warren Buffett's words: you're not just buying a price tag, you're securing unmatched value. From walkability, world-class dining and shopping, hiking, biking, resorts, clubs and pristine beaches, it is a one of a kind place to call home. The desire for the Montecito lifestyle was clearly evident last week, which turned out to be one of the busiest in recent memory with 7 Closed Sales. The curious thing to me, was that 6 of the 7 sales were between $4M - $5M. From fixer opportunities to charming cottages, and even income-producing coastal compounds, the range of properties available at this price point was abnormally high, as it is nearly $3M lower than the Average Sales Price for Montecito in the first quarter ($7.6M). Nearing the end of April, there have been a total of 17 sales in Montecito, which is already 70% higher than April 2023 which had 10 sales. Throughout Montecito there are approximately 60 Active Listings, ranging from $1.5M - $44M, highlighting the vibrancy and dynamism of the Montecito real estate market. With the surge in market activity this month and the diversity of properties available, Montecito remains a welcoming haven for a variety of buyers. Subscribe to our weekly market update on our blog - #linkinbio Nancy Kogevinas • Berkshire Hathaway HomeServices California Properties • DRE 01209514 • #montecito #santabarbara #montecitorealestate #montecitorealtor #santabarbararealtor #luxurylifestyle #luxuryliving #oceanview

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🌟Think you can save money negotiating your own Las Vegas healthcare real estate deal? 🤔 Let’s set the record straight! 💼🔍 Some healthcare tenants or buyers might believe, “If I don’t use a healthcare real estate agent, I’ll score a better deal!” 🚫 But here’s the scoop: listing agents often hint at this to keep you in the dark about the real story. 🕵️‍♀️📜 When you’re not represented, it’s a win-win for the owner and listing agent. 🤑 They get to pocket the full commission meant for both brokers. This means they’re highly motivated to secure the highest price with the least concessions – and keep you solo in the process. 🎯💸 Sometimes, the owner even keeps that extra cash. 💼💵 Guess what? This leaves you, the tenant or buyer, paying more and getting less. 😱💔 Not the deal you hoped for, right? Most owners and listing agents know we all love to feel like we’re getting a better deal without my representation. But is the reality? 99% of the time, you’re not. 📉 Landlords are pros at making money through real estate negotiations. 🏢💡 It’s common for them to craft a “padded offer” with plenty of wiggle room for negotiation. 🤹‍♂️ This way, they can let you feel like you’ve made progress by negotiating, while it’s all part of their game plan. 🎭🔄 💬 Summary: In most commercial real estate transactions, my commission is already built in. Skipping my representation usually costs you more money and lands you with worse terms. Plus, it eats up hours that you could have spent growing your practice! 🕒💼 Don't fall for the no-agent myth – Hire me and protect yourself and your wallet! 💪🏥✨ #Lvhealthcarecre #KnowBeforeYouNegotiate #SmartChoices #ProfessionalHelp #ValueYourTime

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Real Estate Agents …Join Us Tomorrow Thursday@10AM-Pst (California time) This Live FREE Webinar is for One Reason ✅How to List ✅How to Sell ✅How to Get to the closing table💰 Learning the Assisted Living Niche’ Grab the link in the chat -See you in the Room🪑#webinar #assistedliving #realestate #realestatecourse #seniorliving

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🏡 Don't let myths cloud your housing decisions in 2024! Let's debunk some common misconceptions: ❌ Myth: I should wait for mortgage rates to fall. ✅ Reality: Trying to time the market isn't wise. Consult with a trusted professional for expert advice. ❌ Myth: I'll get a better deal once prices crash. ✅ Reality: Prices are rising at a slower pace, waiting may cost you more in the long run. ❌ Myth: I won't find anything to buy. ✅ Reality: More homes are hitting the market, offering you more options. ❌ Myth: I need a 20% down payment. ✅ Reality: Many buyers put down less. There are options with as little as 3.5% or even 0% down for qualified buyers. Lean on a real estate professional to navigate the facts in today's market. 📲 214.607.3988 #dallashomes #dallasrealestate #dallasrealtor #dallastx #dallasliving #dallasrealtor #realestateinvestor #luxuryrealestate #luxuryhome #douglaselliman #douglasellimanrealestate #commercialrealestatebroker #arthurgreenstein #arthurgreensteingroup

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This should shift from a tailwind to headwind at some point hopefully, but obviously multifamily owners would welcome declining mortgage rates. A key focus will then be the percentage of renters vs owners by MSA, local absorption levels, and which areas get impacted the most. Could be an interesting time if the reversal of this trend happens before the macro level halt in new construction starts becomes a halt in deliveries. Whether we’re invested in multifamily or not I hope we all realize what a bad omen it is if the decline in the American Dream of homeownership goes too far. It could be very bad is for the future of society and the economy. Perhaps our industry should begin to take more steps to help society avoid these negative consequences if not enough percentage of people stay invested in homeownership. Probably a good place for landlords to focus on giving back.

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The appointment-to-sale metric is the MOST important metric in sales & marketing for #homebuilders from what I've observed from 20+ years in the industry. These are the three core reasons why your ratio might not be where it should be. Most orgs overly focus on only one. Don't do this. 1,200+ more words on the topic in the comments 😉 or just enjoy the sketch. #homebuilding #marketproofmarketing #PCBC

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Existing-home sales might've slowed this month, but prices keep climbing. Despite the rise in prices and mortgage interest rates, sellers still face favorable conditions: average of 3.2 offers, 27% sold above the list price, and just 26 days on market. All cash buyers may be one reason: they remain at 28% of the market.

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