Realty Speak

Melissa Román Burch, EVP and COO of The New York City Economic Development Corporation and I talk about the future of this great city. You’ll be surprised how much this not for profit organization is driving change and progress across so many different economic sectors. The impact the NYC EDC will have on the future of this great city and how they do it? It is a story you do not want to miss. Enjoy and Happy New Year!

Federal, State and Local Lead Laws that dictate how to deal with lead based paint and lead dust in residential rental property are often jurisdictionally inconsistent and confusing. In New York City, the ongoing changes to existing protocols create additional confusion. Enter LEW Environmental Services where Lee Wasserman and Karrie Munoz share important details and clarify requirements. Knowledge is power and by the end of this episode of Realty Speak you will know what to do and when to do it so that you can successfully comply with the lead laws.

If you don’t plan for the sale of real estate then you risk a big capital gain tax bill. Today Michael Burwick, Partner, Greenspoon Marder LLP and Kent Fitzpatrick, Managing Director, Asset Strategy Advisors not only review for us the many capital gain deferral strategies you have heard about before on Realty Speak but also share another strategy you’ll want to understand completely. What you will discover in this episode is how to plan in advance of a sale and keep more of what you have worked so hard for.

As part of a series with NYARM on the NYC emissions laws; Margie Russell, Executive Director of the New York Association of Realty Managers and I moderated a webinar addressing NYC Local Law 97 which will be enforced starting in 2024. On Tuesday 04/12/2022 we went live and asked very pointed questions to the Local Law 97 expert and Licensed Professional Engineer, Marc Karell. Then on 05/23/2022 I gave him a call to include some updates that surfaced after the original recording. Do you want to understand Local Law 97 and how the looming fines may impact your building portfolio and bank account? That and much, much more is all right here in the podcast version of the webinar.

Margie Russell, NYARM and Anne Korchak, SPONY team up with me to chat about Good Cause Eviction; NY Senate Bill 3082/Assembly Bill A05573. Real Estate Attorney Alexander Lycoyannis explains in detail what Good Cause Eviction is and what it is not. After listening you will clearly understand why passage of this Bill will be GOOD for nothing! You will also know how to easily voice your opposition and help ensure that the current NY Legislative session ends in June without this Bill being made law.

Earlier this month Margie Russell, Executive Director of the New York Association of Realty Managers (NYARM) invited me to join her in moderating a webinar addressing NY City’s Local Law 87. On Friday, 03/18/2022, we went live and along with the audience, asked very pointed questions to the Local Law 87 expert and Licensed Professional Engineer, Marc Karell. He didn’t flinch. He knows his stuff. Do you want to understand Local Law 87 and how it correlates with Benchmarking and the very fast approaching NYC Local Law 97 and learn how the recent change that requires a PE or RA to be part of the reporting team affects the process? That and much, much more is all right here!

When NYREJ radio emcee Rick Kaplan suggested Realty Speak moderate a live panel of 4 very astute investment real estate industry professionals, the answer was an emphatic, YES! In the is episode Attorney - Michael Sahn, JLL Chairman of NY Investment Sales - Bob Knakal, Lendlease Executive General Manager - Melissa Román Burch and Attorney - Gary Meltzer shine a bright light of optimism on what otherwise could be perceived as dark days ahead. They share actual examples of how New York is not already making a big come back, but also moving forward as we embrace new ways and ideas of how to get from here to the future..

In this short 4 minute episode, Bill Weidner shares some info about the last year of Realty Speak® and his 2021 year end message to you, the Realty Speak® guests and listeners.

In June of 2019 the NY State Legislature passed the Housing Stability and Tenant Protection Act of 2019 (HSTPA). Now 2.5 years later, while the constitutional challenge to HSTPA makes it way through the courts, there exists another attempt by the Legislature to enact a “Good Cause Eviction” Bill that will further encroach on the rights or property owners. My Co-Host Nativ Winiarsky and guests Craig Gambardella and Jim Burling, all attorneys, and I get into the weeds about the future of these draconian laws and how they will negatively impact not just property owners but the millions of people who choose to rent instead of own. If you care about property rights and the quality of housing and whether you are an owner or a renter you’ll want to listen to this entire episode and then share with everyone you know!

Just when you thought you knew everything about using your real estate to create liquidity, Stuart came along with more insights for you. Stuart Gelb, President at The Liquidity Source shares his depth of knowledge around the many options available to property owners to create liquidity from real estate assets. A timely and important episode that you won’t want to miss.

Are you wondering about The American Families Plan, aka Biden Tax Proposals, and how it will impact real estate gains? What are some of the things you can do now? What if you want to liquidate a long term owned real estate portfolio but are worried about the tax on what will be a large capital gain. What if you would like to retire and no longer manage the properties? In this episode, accountant Bob Russo, aka CPABOB and Delaware Statutory Trust (DST) expert Rob Pecha, aka 1031ROB discuss planning for the future and explain terms like stepped up basis, boot, depreciation recapture and more. This is a must listen for those considering a sale out of an existing real estate investment portfolio using the 1031 like kind exchange and also everyone else that one day may be doing the same.

In condominiums and cooperatives there is a mix of owners and renters. Michael Rogoff, President of AKAM, shares his take on how an air of hospitality coupled with a smile can simplify the management of this dynamic and enhance the quality of life for everyone.

Happy 3rd Birthday Realty Speak! Tina Larsson and Matt McCue share intel in this episode that looks into the future of energy consumption in New York City. Not only will you learn how to save dollars but also how you’ll get paid dollars while doing your part to impact climate change and contribute to the campaign to mitigate global warming driven by the human emissions of greenhouse gases. And as if that was not enough, we demystify NYC Local Laws 33, 84, 87, 92 and 94.

The narrative around an Eviction Moratorium communicates a false positive that amounts to no more than a strategy to boost political popularity while failing to explain or plan for what happens in the future. The accumulation of an obligation with no relief or assistance is a plan to fail all the stakeholders of rental housing. Especially when the debits far exceed the credits. Who are the stakeholders? Far more reaching than just landlords and tenants. Joanna Wong, my Co-Host on this episode of Realty Speak, and I are joined by Attorneys Nativ Winiarsky, Jim Marino and Lisa Faham-Selzer of Kucker Marino Winiarsky & Bittens and they expertly lead us to an understanding of what is really happening here. Tenant, landlord or otherwise; this is a must listen that will hopefully get you talking - to each other.

In this short 4 minute episode, Bill Weidner reflects on 2020 and shares the future theme of Realty Speak and of course a little wisdom for you, the Realty Speak guests and listeners.

The signs were there in late February and early March. Now what?! In this episode of Realty Speak, Rick Kaplan - Media Director, shares how the New England and New York Real Estate Journals made the pivot during the Covid-19 Pandemic and continued to publish without missing a beat. While continuing to get the news out as normal they also explored new ways to serve their readers, contributors and sponsors. Rick unravels Rolly’s story from 1963 and brings us forward to now

New multifamily housing development is clearly in Scott’s DNA. His ability to see a little into the future while being mindful of the past and careful about the present is his superpower as he innovates workforce housing. Not only has he not shut down, he is accelerating the model. Great stories and insights that you will be glad we shared.

When you think of apartment buildings in New York City you imagine them owned by large Real Estate Corporations, Private Equity Companies and publicly traded Real Estate Investment Trusts. However, when you pause and look closely you will find that there is a group of dedicated families who operate legacy multifamily real estate across many celebrated communities in our big pond of a town. These individuals who represent the fabric of the diverse cultural enclaves provide much of the affordable regulated apartments and they do it with heart! Recorded, on Juneteenth, they raised their voices and candidly shared the inequity of their contribution to housing in NYC while having to operate under a barrage of regulatory burden and a lack of social and financial recognition. SPONY.ORG members Joanna from Soho, Jan from Chinatown and Sharon from East Flatbush are Real New Yorkers telling it like it is. Do not miss this one!

For Tom Carroll investing in real estate while working in the financial markets was an exercise in diversification. It eventually became his journey from active limited partner to a managing general partner with a team that has scaled real estate assets under management 16x since 2014. Strategic financial and demographic analysis around acquisitions, back office and property level efficiency along with superior management of their investor’s expectations and user experience is the basis for their success as a private equity real estate syndicator. After listening to this episode that is jam packed with all the hows and whys - you find yourself saying - “Yes, I can try this at home.”

This episode is the lightly edited audio of a Virtual Summit I moderated on Tuesday, April 7, 2020. The free online event “Virtual Summit for the Landlord and Real Estate Professional of New York City and Beyond - Coronavirus & Your Rental Cash Flow” was produced by the law firm of Kucker Marino Winiarsky & Bittens, LLP. Live attendees were able to hear and interface with thought leaders in various roles in the real estate industry addressing the pressing topic of what landlords should be expecting in relation to rent payments in the view of the ongoing pandemic and how to financially prepare for a possible significant drop in rental receipts. In additional we answered many questions around the CARES act and the financial resources available to successfully navigate this unparalleled time.