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Gerald Lucas

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How Home Building Costs Have Changed Recently, Killer Tenant Acquisition Strategy, How Many Homes Were Building In High Risk Flood Zones Recently?!

October 29, 2024 Gerald Lucas

How Home Building Costs Have Changed Recently

Real Estate Tip:

When you rent a property, set up all appointments to show the property at the same time--this saves you time and creates more urgency for tenant applicants to make a decision.

Real Estate News:

290,000 new properties in the US were built in high risk flood areas from 2019 through 2023.

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Tags Gerald Lucas, real estate tips, real estate strategies, home building costs, supply chain disruptions, pandemic, construction inflation
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The Good News For Homeowners About Inflation, Huge Real Estate Auction Risk, Building Materials Cost Skyrocket

March 15, 2022 Gerald Lucas

The Good News For Homeowners About Inflation

Real Estate Tip:

Be very careful if you participate in a real estate auction. Auctions encourage impulsive behavior and at most auctions there's usually someone dumb enough to pay too much for a property-- better to let that person win. No one ever got rich paying too much for something!

Real Estate Insight:

Building materials prices increased 20.3% year over year and have risen 28.7% since January 2020.

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Tags Gerald Lucas, real estate tips, real estate strategies, The Great Resignation, The Great Reset, construction projects, office space, demand, vacancy, supply chain disruptions
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How The Great Resignation Is Affecting Real Estate, Easy Way To Reduce Your Water Bill, How Renter Demand Has Changed During The Pandemic

March 8, 2022 Gerald Lucas

How The Great Resignation Is Affecting Real Estate

Real Estate Tip:

Use low-flow toilets to reduce your water bill or make your existing toilet more efficient by dropping a soda bottle filled with sand or water into the tank. It will use less water each time it flushes.

Real Estate Insight:

Work-from-Home has changed multifamily renter preferences to include amenities like reliable high-speed Internet, more space and soundproofing have become more important to apartment tenants.

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Tags Gerald Lucas, real estate tips, real estate strategies, The Great Resignation, The Great Reset, construction projects, office space, demand, vacancy, supply chain disruptions
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