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I'm jumping on to quickly discuss my thoughts on the FARE Act, AKA the Fairness in Apartment Rentals Act. Who does it help? How does the bill affect the overall market? How does this impact mom-and-pop shop landlords? Does this bill positively impact the tenant community overall? Or just a small segment of renters?
According to the bill's sponsor, the New York City Council is poised to pass a law that would allow most tenants to avoid paying thousands of dollars in broker fees when renting a home.
The proposed measure, which the Council could vote on as soon as Nov. 13, would shift broker fees to the party that hires the broker, which is nearly always the landlord. The Fairness in Apartment Rental Expenses, or FARE, Act now has 33 sponsors, seven more than the majority needed to pass in the 51-member Legislature. Please listen to the full episode for a quick deep dive into this issue!
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Recording from our HQ on Worth Avenue in Palm Beach, Florida, I welcome Elizabeth De Woody of Compass Palm Beach! Born in Miami and raised in Central Florida, Elizabeth has called West Palm Beach home for the past 25 years. She was hand-picked to represent our office in Palm Beach Island as the founding agent, with top producing figures of closing over half a billion dollars in sales volume in the last two years. Elizabeth ranks #127 in the USA, #22 in Florida, and #5 on the Island of Palm Beach, ranked by the Wall Street Journal, Real Trends 2024 individual sales volume.
Before real estate, Elizabeth spent 15 years in the corporate world with P&G & J&J in sales, marketing, and sales management. We discuss all things Palm Beach, the history, Elizabeth's transition from corporate to real estate, and more.
Please follow her on IG at @elizabeth_dewoody
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I welcome my good friend & fishing partner Amy Byrne to The Real Takk Pod. Amy is our Founding agent of Compass in our Charleston South Carolina market, bringing over a decade of business experience to her clients in Charleston. We discuss all things Charleston, her family background of real estate agents, her love for the outdoors, fishing, travel, and even some real estate in Costa Rica. Please give her a follow on IG at @Holycityhomegirl Shoutout to her favorite trip as of recent Darien Lodge & Fish Colombia!
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One of our founding agents at Compass Miami, Levi Meyer, is back on the pod to give us the latest on the Miami market, updates on developments in Brickell, and new HOA and Condominium Board regulations.
A few fun facts about Levi: He’s a fifth-generation Floridian and a longtime Coral Gables resident. He’s one of 9 siblings, an Israeli military vet, and he grew up attending Rabbinate school. Before he was selling Miami’s most prestigious homes, Levi was in the business of selling arms and ammunition (yes, you read that right).
Levi is also deeply involved in his community. He serves on the boards of several charities, including United Hatzalah and The Friendship Circle of Greater Miami, and he’s the President and Chairman of the Chabad of Coconut Grove. He lives in Coral Gables with his amazing wife Lauren and their two beautiful kids, Benjamin and Charlotte.
While Levi’s real estate achievements are impressive—he’s ranked in the top 1% in our industry—what’s even more special is our friendship. He’s one of my oldest friends at Compass, he officiated my wedding, and I’m lucky to have a guy like Levi in my life.
Be sure to follow him on Instagram @TheMeyerGroupRE and his personal account @levimeyerre
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I'm thrilled to have my good friend and industry colleague Maggie Wu on the Real Takk Pod! Maggie, the youngest of three, was raised in Hong Kong before moving to the US to attend the prestigious Peddie School in Hightstown, NJ. She then majored in Economics and Business at NYU.
Upon graduation, Maggie made a brief foray into VC before joining the real estate business. She quickly rose to the top of our industry, with successful tenures at Corcoran, Compass, Serhant, and then back to Compass. (Welcome back!)
Maggie founded her own team, The W Team, almost a year ago and has since been featured in esteemed publications such as Business Insider’s 30 Under 35 (2022), The Hollywood Reporter’s New York Power Brokers (2022), The Real Deal, Inman, HousingWire, The Wall Street Journal, and RealTrends. Maggie has been honored as one of the top 0.5% of agents nationally in The Wall Street Journal's The Thousand 2024, ranked among Compass's Top Ten Small Teams, and achieved #17 in NYC and #27 in NY State small teams by volume in The Wall Street Journal/Real Trends 2024. While her professional accomplishments are astonishing, she is just as accomplished and impressive as a person!
I'm proud to have her as a friend and colleague. Danielle Stout (co-host) and I had such a fun time recording this episode. Please give it a listen!
Follow Maggie on IG:
@mag_wu
@thewteamny
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Pleased to have my friend & industry colleague Jon Capobianco, one of the newest additions to Ellimans De Niro Team on the Real Takk Pod. Did you know? Jon used to bike over the Queens Bridge everyday on his single-speed steel bike to his Corcoran office in the Upper East Side from Brooklyn? Did you know? Jon's an avid surfer, snowboarder, fisherman, and Phish-er men?
With a career rooted in real estate since his time at the Corcoran Group, Jon’s passion and expertise have grown exponentially. He brings a wealth of experience in creative, targeted marketing, catering to diverse clientele, including foreign governments, Wall Street executives, and entertainment luminaries seeking luxury homes, townhouses, and lofts.
A University of Rhode Island graduate, Jon made the move to Manhattan in 1991, you know that Jon is packed full of amazing stories of NYC, his clients, & life in general.
This was a really fun episode to record. Please give Jon a follow on IG at @joncapobianco where he actively posts his life as a real estate broker, New Yorker, a sufer, fisherman, & a dad!
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Ryan Garson of Compass joins the pod to discuss all things social media, our business, his early beginnings, successes, failures, what it's like having Rob Reffkins' mother on his team, and more.
Ryan is an influential real estate agent covering Manhattan and Brooklyn, he’s contracted over $400 million in sales and brokered more than 1,000 client success stories in the past 8 years. Ryan is known in the industry for his creative, out-of-the-box approach to marketing, including his online influencer personality @theverysocialbroker on instagram. Ryan’s videos are funny as he pairs up with comedians & other known influencers in the social media landscape to market his team, listings, & other players in the real estate world. He’s a great story teller, salesman, and his passion for the business translates through the screen.
Please give him a follow @theverysocial broker on IG!
https://www.instagram.com/verysocialbroker/
Some Topics Covered Include: One Word Answers
NYC Residential Real Estate Rent Stabilization & Rent ControlBrooklyn Residential Real EstateReal Estate Reality Television Coop Boards Tiktok & InstagramCompassGood Cause Eviction Program 485X tax abatement programMayor Eric AdamsWork from home policyElection YearAffordable HousingRent Stabilization & Rent Control programs in NYCCrypto currencySandwell subsGeneral & NYC Real Estate & NYC Trivia
General Trivia:
Question: Who was the youngest U.S. President?
NYC Trivia:
Question: What was the initial name for New York City?
NYC Real Estate Trivia:
Question: What is the largest private landowner in NYC?
LIght Questions:
If you could leave in any city outside of NYC and sell, where & why?If you could own a second home in any city / state outside of NYC, where & why?Go to restaurant in the city for breakfast : Flame Diner 58th / 10thgo to for dinnerGo to for drinksHow’d your meet your wife? First date advice for the young folk?Hot Takes (answer them fast & short!)
Best Social Media in the biz (outside of you)Best Mentor in Real EstateWorst Trend in Real EstateThe GOAT of NYC Real Estatetiktok or instagram?Dream SponsorBest Unkonwn talentBest Friend in Real EstateBiggest RegretYour job if it wasn’t in real estate?Best Style in Real EstateBest low key real estate broker -
NYC Real Estate Powerhouse Kael Goodman Returns!
We're thrilled to welcome back Kael Goodman, Founder & CEO of Marketproof, the industry-leading real estate data platform. Used by top brokers, banks, PE firms, and developers, Marketproof is the go-to resource for anyone serious about NYC real estate.
Considering a new development? Marketproof analyzes all Manhattan & Brooklyn residential properties, providing in-depth insights on trends, pricing, ownership, and even floor plans.
Listen to this episode if you're interested in:
New Developments across Manhattan & Brooklyn Real Estate Market TrendsReal Estate TechData-Driven Insights on the NYC real estate marketFollow Marketproof on social media (IG, X) and visit their website for more details.
IG: @marketproofnyc
X: marketproofnyc
Website: marketproof.com
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Onie Bolduc, is a true mountain native from a family of real estate professionals. Born & raised in arguably one of the BEST areas in the United States, Vail Colorado, Onie attended the University of Colorado, then jumped into the construction business in the Vail Valley. He then went into the development side of real estate & eventually created Bold RE solutions where he represented his clients in the Vail Valley region.Onie moved his family to Park City in 2017 to represent several impressive & massive new development projects around the base of Canyons Village in Park City, which include the Pendry Condominiums, Apex Park City, & 2 new development townhome communities called Junpier Landing & Viridian Townhomes.
Since then, Onie is working on his next & current big project, the Wohali, a mountain community located between Park City & Snow Basin right off Interstate-80. The resort is 25 - 30 minutes from Main Street in Park City, and about 45 minutes from SLC Airport.
Please follow Onie on IG @OBFactor, the Wohali Development project at @wohaliparkcity
As well as his website here: https://bolducmountainluxury.com/
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Pleased to have Compass Chief Real Estate Strategist Mark McLaughlin on the Real Takk Pod to discuss all things real estate at the operational end, his beginnings, the growth & sale of his previous brokerage firm Pacific Union, and of course, one of our favorite states & destination Jackson Hole Wyoming where Mark currently resides. Mark's resume is phenomenal, from initially buying condos in SF, to buying developing Pacific Union, the financial struggles through his divorce, his incredible growth of Pacific Union to become one of California's largest residential brokerages, to ultimately selling the company to Compass for an 8 figure price, to what he is doing now as one of our leaders at Compass.
Our topics include:
What were the keys in going from 450 agents and 17 offices with 2B in sales volume, to 50 offices & 14B in sales volume with Pacific Union? Was an exit from Pacific Union always the goal? How did you take the initial approach from Compass? Why sell when things were going to sell for you out west?What are some of the biggest pitfalls you see an agent making in the post covid world of real estate? And for sellers & buyers?Lots of negative news about our stock price in the last year. What are your thoughts on Compass from an investor/stakeholder POV?What are your thoughts on the progression of our technology at Compass?Please follow Mark's journey here:
https://www.linkedin.com/in/mamclaughlin/
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I'm very pleased to have Nick Bowers on the Real Takk Podcast. Nick is one of the best lawyers focused on real estate & estate matters. We talk about the importance of creating an estate for your family, the costs, in which scenario estate law supersedes coop & condo boards, and the house rules that govern their operation. Does the coop stock & lease supersede the legal will? What happens when a death takes place and the real estate is left to their 'next of kin'? Nick is here to answer the TOUGH questions.
I connected around 7 years ago at a real estate closing & had a few opportunities to work with my clients on various estate matters. Nick is a lifelong New Yorker, born & raised in Manhattan & grew up in the Flatiron area where we are recording today. This is an important episode that everybody should listen to not just for financial reasons, but to ensure that your family is protected in the long term.
We’ll get to know more about Nick shortly, but to give you his general background, he did his undergrad in BU, law school at Pace, and currently runs an office of lawyers with his new partner Andrew Jorges whom I work closely with on a day to day basis on our deals.
Nick has glowing reviews online which I’ll share a few excerpts from:
Kevin G writes: “I rarely have an experience with a positive lawyer. I always get stuck with a bill that is unexpectedly high or getting shuffled between junior less experienced lawyers. That said, working with Nick has been awesome. He is thoughtful and thorough. He takes ownership for his work and follows the steps and details of the transaction closely.”
Dan P writes: Nick made me feel like I was his only client (although I know I wasn't) with remarkably quick and accurate responses. I've done 19 real estate transactions, and Nick is head and shoulders above the rest in managing closes. I would recommend Nick to anyone. Many thanks Nick.“
Please follow Nick on LinkedIn here
Please reach out to Nick at his website Jorges & Bowers LLP
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Adam is a Partner at Fentin Goldman Turk & Davidoff LLP where he & his team represent a list of banks, buyers, sellers, sponsors, developers, and those involved in the real estate space in the state of New York. Adam & I have met at the closing table fairly recently in person, in the post covid era where face to face meetings have become a rare thing in the world of real estate.
Adam Turk is a lifelong New Yorker, born in Brooklyn, while doing a stint in Long Island, and now resides in New Jersey with his wife & kids. He’s a die hard knicks & rangers fan, while supporting many of the lowly teams that currently operate in our state. Please follow Adam on his socials:
Instagram: https://www.instagram.com/adamsethturkesq/
Linkedin: https://www.linkedin.com/in/adamsethturk
Adams Must Visits IN NYC:
Top Deli: Gottlieb's (get the chicken cutlet, don't ask questions!) South Williamsburg
Top BBQ: Izzy's Smokehouse https://izzyssmokehouse.com/
(Upper West Side )
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Thanking our listeners for the 100th episode. A huge shoutout to the friends of the pod!
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Shay Artzi is the Senior Vice President and head of Engineering at Compass. He comes on the show to discuss all things Compass AI, the past, present & potential future of what this technology may hold for real estate professionals. Shay’s background is nothing short of impressive. He obtained both his BA & Master in Computer Science at the Israel Institute of Technology, then later obtained his Ph.D. at MIT in Computer Science. Before joining Compass, Shay was the principal software development manager for Amazon Web Services, and an engineering manager at Amazon, and before that, he built his career working in cloud infrastructure at IBM.
In this era of technological change, I believe it’s important that we have Shay on our pod. I recognize that both consumers & and agents must be able to digest these massive changes, and not let the public or news outlets run with their own version of the story, or rush to their judgments on what AI’s role will be in our world of real estate. Please follow Shay’s LinkedIn profile.
Please follow me on: IGTwitterSPOTIFYApple -
My good buddy & industry leader Justin Rubinstein comes onto the Real Takk Pod to catch up on the real estate world of 2023, and what he looks forward to in 2024.
Justin's favorite social media platform is Linkedin, so give him a follow here!
Topics Covered:
Favorite social media platform of the year?
Favorite podcast of the year?
Favorite new development project of the year?
Favorite re-sale project of the year?
Favorite Deal of the Year?
A personal highlight of the year?
Trip of the year?
NYC Restaurant of the year? Cochina Alba in West Chelsea
1. The Biggest Winners in Real Estate 2023 (I.e. Related projects in NYC, NYC landlords achieving high rents, Jerome Powell, Sheldon Solow's Son, etc.)
2. The Biggest loser in Real Estate 2023 (i.e. Manhattan office market, due to high vacancy, first time home buyers with the high interest rates, the government, rent stabilized landlrods,)
3. The Biggest Winner in Business, not real estate related 2023 (Black Friday shoppers, auto dealers, home builders, breweries, wedding venues, etc.)
4. The Biggest loser in Business 2023 (Elliman, Compass stock, SBF, Harvard, etc.) high end liberal arts colleges (re-edit)
5. The Biggest real estate surprise in 2023 (I.e. rapid raise in interest rates, how inflation impacted the feds strong response, etc.) in elasticity of the market
6. The Best new trend in real estate (i.e. influencers in real estate, tiktokers being real estate agents, increase of home ownership, more millennials in the market for purchase, etc. )
8. The Worst Trend in Real Estate 2023 (i.e. rise of mortgage interest rates, trillions of wealth wiped off the NASDAQ & stock market, etc.)
9.Predict the biggest winner in real estate in 2024: (i.e. Stephen Ross b/c he may win the superbowl, the city of Aspen who seems to be recession proof, Texas, etc.)
10. Predict the biggest loser in real estate in 2024: (i.e. Compass Stock, Multi family market, old condos, pre-war coops, DC real estate, etc.)
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Mark is a friend & colleague, as well as one of the top agents in the nation. As the founder of the Hustis/Jovanovic Team, Mark brings a wealth of knowledge & experience to the real estate market. We sit down to discuss all things real estate & business in 2023, and what he predicts for our market in 2024.
Mark's favorite social media is his Linkedin, so please give him a follow here:
https://www.linkedin.com/in/markjovanovic/
Marks NYC Restaurant of 2023: Rezdora NYC
Other Topics Covered With Mark
1. The Biggest Winners in Real Estate 2023
2. The Biggest loser in Real Estate 2023
3. The Biggest Winner in Business, not real estate related 2023
4. The Biggest loser in Business 2023
5. The Biggest real estate surprise in 2023
6. The Best new trend in real estate
8. The Worst Trend in Real Estate 2023
9.Predict the biggest winner in real estate in 2024
10. Predict the biggest loser in real estate in 2024
Enjoy!
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We're wrapping up the year with our traditional segment, where I invite my favorite real estate experts to discuss the winners, losers, and predictions of 2024. This episode features my friend Sean Mcpeak, the Founder of the Mcpeak Team at Serhant and most recently “The Empire Collective” with his partners Jordan March & Alex Heydt.
Sean & I met at Compass back in June of 2014 and worked together for just four short years at our Union Square West & 5th Avenue offices. After a taste of Halstead for 2.5 years, he joined Serhant as one of their founding agents, and it’s been a little over 3 years since their inception into the brokerage world. Sean offers a wealth of knowledge and experience in our field, and he’s here to offer his distinct viewpoints of our real estate market & world.
Please follow Sean’s Instagram at @sean_mcpeak
His Team: @empirecollective_
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Jordan Wright is a third-generation real estate agent based out of Malibu California. With degrees in Film, International Relations, and French, and a diverse background in marketing and customer relations, sellers seeking high-level marketing of their homes will find a skilled and knowledgeable realtor in Jordan Wright.
Like many of the agents I love at Compass, Jordan is not just a big real estate nerd. He’s a dedicated big wave surfer, with his passion taking him to all over to world to chase his surf spots. He’s also a big time snowboarder, spear fisherman, yogi, and an outdoor enthusiast.
Jordan & I met at the Tom Ferry conference back in 2019, where he was a superstar agent & coaching client bringing his knowledge of door-knocking to the audience. He has a pretty incredible story that we will get into a little later on this episode.
Please follow Jordan at @thewrightwayteam on IG
Deep Dive Questions:
You’re a third-generation real estate agent in your family. Did you ever want to do something different? Or was this always in your blood? Tell me your door-knocking claim to fame story. 100 people at an open, how does that even happen? What are some of the biggest hurdles buyers & sellers must overcome when they start learning about your market? Is it possible to be a first-time home buyer in Malibu? What advice do you have for agents that can help them prepare for 2024? What advice do you have for buyers so that they can be properly prepared to purchase in 2024? What is one win, and one loss, you had in 2024? (Personal or business) Please follow me: IGTwitterSPOTIFYApple -
Have you been to Tahoe? Well, let me introduce you to my friend & colleague Brandon Walsh. Brandon moved to North Lake Tahoe in 2009 to join the Squaw Valley Ski Patrol. He took his talents to real estate in 2014 and joined the family-owned Tahoe Real Estate Group, then in 2018 became part of the founding team of Compass. Brandon has sold more than $80 million of real estate to date and continues to excel in his career as a real estate broker, servicing clients locally and from across the world.
DID YOU KNOW?
1. Lake Tahoe is over 2-3 million years old. Tahoe is considered an ancient lake and is counted among the 20 oldest lakes in the world.
2. Most of Nevada's side of Tahoe is a National Forest, thus housing supply on that side is limited.
3. The stored heat in the Lake's massive amount of water compared to its relative surface area prevents the Lake from reaching freezing temperature under the prevailing climatic conditions.
4. Tahoe’s clarity has impressed visitors since the time of Mark Twain in the 1880s. Historical accounts indicate the water may have been as clear as 120 feet during that time.
Please follow Brandon's life journey at @brandon.walsh_tahoe
Locals Corner!
Favorite current Tahoe restaurant or establishment? Old Range Steak House IG: @oldrangesteakhouse The All Time go to Tahoe restaurant or establishment? Moodys Bistro IG: @MoodysbistrobarbeatsGuest Questions Corner
Guest Question from Tim Rothman of Compass NYC: Being that you work and sell in vacation areas, when would you say is your busy season and when you are not busy, what do you do to keep yourself busy aside from drinking, smoking and doing other fun stuff?
Guest question from none other than Lane Johnson from Aspen Colorado: How does it feel to live and work at a place that, in comparison to Aspen, Colorado, is considered subpar? I’ll rephrase… where Tahoe ranks among ski resorts in the continental United States???
Guest Question from Levi Meyer of Compass Miami: Brandon, I referred you a buyer for Lake Tahoe and you sold him a house in Nevada! I wasn’t expecting that. Can you elaborate for us on the crossover from Tahoe to Nevada and how that works for you as an agent?
Deep Dive Questions:
I’d like to think the 20s are a struggling time for young professionals. (lots of videos on social media posted from Gen Z who are complaining about housing costs, income, buying groceries, etc.). How did you get into the business? What hurdles did you have to overcome? When did things start to ‘click’ for you? Is there an affordable housing crisis in Tahoe? Meaning, are typical middle-class workers having a hard time getting into first-time home ownership? If so, what are your ideas of solutions that must be implemented to satisfy both consumers & and builders? Can you get into home ownership if you’re working full time on the mountain? Construction Costs: Describe the typical costs and processes, that buyers have to think through when purchasing non-new development. What about costs as a developer? (and this is a general question, but if you know specifics, please go deep!) interest rates are at an all-time high in our modern lives. What are your buyers saying? sellers? And please forecast what your market will look like at the end of 2024. What advice can you give to the followingFirst-time home buyers first-time sellers Brand new real estate agents veteran real estate agents Please follow me: IGTwitterSPOTIFYApple -
Pleased to have Todd Wiley on the Real Takk Pod. Todd is the Founding agent of Compass San Francisco. Upon graduating from San Francisco University, Todd started his career at ATT Wireless back on October 1994, then worked his way through several tech companies & ultimately switched careers getting his real estate license in 2004. For the next 11 years, Todd ran a successful real estate business before ultimately being selected to represent our first Compass flagship office in the Bay Area. Todd is a specialist in trust and probate cases, Todd focuses a portion of his business on the development of his professional relationships with attorneys, fiduciaries, accountants, and financial planners. As a result, Todd has been a consistent top-producing agent for the last decade, performing in the top 1% out of real estate agents in San Francisco.
What I love about Tom is that he is not just a big real estate nerd. Todd is a skilled outdoorsman, putting his mark in the surfing community in California judging competitions & traveling the world chasing the perfect wave. He is also a skilled fisherman where he frequently shows off his stock of salmon that he calls “mowing the lawn’ trolling along the coastline of California on his boat. Todd has one of my favorite Instagram accounts in the real estate industry. He’s authentic, positive, and informative with his content. Please follow him @thewileyteamsf along with his websites
Compass
Google
Fun Facts!
Favorite current SF restaurant or establishment? Burma Superstar @BurmasuperstarsfAll-time go to SF restaurants or establishments? Kokkari in FiDiIf you could live in any other block or neighborhood in SF, where & why? Sea cliff in El Camino Del MarDeep Dive Questions:
As the founder of our SF flagship office, tell me why you decided to make the change. How did it start? Your business was obviously good before the change, why rock the boat? Every agent will go through phases of struggle in the lifespan of their career. What were some of your largest obstacles? And how did you overcome them? SF is a unique market compared to the rest of the world. What have you learned in business since the COVID shutdown of 2020? How have real estate market dynamics changed since the early 2000s, to where we are today? Speak on the city’s relationship with real estate, the type of buyers, & changes in neighborhoods. What are your thoughts on the recent movement to ban real estate broker commissions? Are you concerned with the NAR lawsuit? Your wife is also your business partner. How do you balance your work life & private Please follow me: IGTwitterSPOTIFYApple - Visa fler
