Have you heard? I’ve just launched my new podcast, The David Greene Show: Real Talk Real Estate!

In this podcast, I’m sharing everything I’ve learned about real estate investing, entrepreneurship, and wealth-building. Plus, I’m revealing why I stepped down as host of the BiggerPockets podcast and how this new chapter aligns with my goals.

Here’s what you can expect:

  • Unfiltered Advice on what really works in real estate
  • Real-Life Stories from my journey and other successful investors
  • Practical Tips to help you grow your portfolio and business

Whether you’re just starting out or looking to scale up, this podcast is designed to help you level up. I’m looking forward to having you on this journey with me. Available now on APPLE, SPOTIFY, YOUTUBE.

Conventional: 6.99%

VA: 5.999%

FHA: 5.999%

DSCR: 7.250%

Rates are beginning to fall! If you’re in the market for a loan and need assistance, our team at The One Brokerage is here to help. ​​​Visit our website here​​​ to explore our loan options and find the right financing solution for your real estate goals and email us at ​​intake@theonebrokerage.com​​ to speak to one of our loan officers.

Take a look at the latest addition to my portfolio—a truly special property with incredible potential. Every step through this house revealed even more opportunities, making it a real gem. Believe it or not, I found this one on the MLS! Yes, there are still great deals out there if you know where to look. Stay tuned, as we have some exciting plans in store for this one!

Navigating the Challenges of Managing Rental Properties

Managing rental properties, whether long-term, short-term, or in between, inevitably comes with challenges. Accepting this upfront can ease the frustration when, for example, a guest calls on Thanksgiving because the dishwasher is broken. It’s essential to develop a thick skin, as guests can sometimes be harsh in their feedback. The busiest times for short-term rentals are weekends and holidays, so naturally, that’s when issues are most likely to arise.

We understand the frustration firsthand, like being interrupted during Fourth of July celebrations due to a malfunctioning door code. To mitigate these disruptions, we recommend having a reliable team of vendors available at all times, not just during peak periods. Anticipate frequent questions from guests—such as how to start the fireplace—by creating QR codes with video instructions or posting clear guidelines at your property. Additionally, set up automated responses through your property management software to address common inquiries promptly.

Remember to exercise patience. Your guests are on vacation and would prefer not to encounter issues, just like you. By working together towards a smooth experience, you can secure those valuable five-star reviews!

Real Estate Update: New Rules Shaking Up Home Buying and Selling

Starting tomorrow, the real estate industry will experience major changes following a recent settlement by the National Association of Realtors (NAR). This settlement addresses accusations that the NAR inflated brokerage commissions, and the resulting changes are expected to reshape how homes are bought and sold across the U.S.

Key Changes:

  • For Buyers: Agents will now require buyers to sign a form outlining their payment obligations before viewing homes. However, experts advise caution—don’t commit to any financial agreement until you’re ready to make an offer. Alternatives like touring agreements without financial ties are also available.
  • For Sellers: Home sellers may benefit as they’ll no longer need to offer commissions to buyers’ agents by default. This could potentially reduce the overall commission paid from the traditional 5-6% to closer to 4%, with only one side of the commission now being negotiable.

Market Outlook: The housing market shows signs of recovery with mortgage rates dropping to their lowest since April 2023. While rates are still above pandemic lows, expected rate cuts by the Federal Reserve could further ease borrowing costs, making homes more affordable.

What This Means: Buyers and sellers should prepare for a new landscape in real estate transactions, with more opportunities for negotiation and potentially lower costs. Keep an eye on your options and be cautious when navigating these new rules.

The latest jobs report shows a worrying slowdown, with only 99,000 jobs added in July, far below expectations. This weak performance, combined with an uptick in unemployment to 3.8%, suggests the labor market is losing steam. Industries that once led the recovery are now facing hiring challenges, raising concerns about the broader economy’s trajectory. For a deeper dive into these troubling developments, read more here.