The Denver MLS trends data for July 2021 is out. Comparing year over year (July 2020 to July 2021) is better than comparing the previous month, because we have defined seasonality trends.

We are still seeing a seller's market in Denver but not as extreme. A balanced market in Denver is considered to be an inventory of 24,000 to 30,000 homes. July 2021 showed only 4,000 homes. Active inventory was 30% higher in July compared to June which sounds encouraging for buyers but still 37% lower than July 2020. Days on market came in at 9.

Listen to the podcast to find out what we're seeing that's positive news for landlords.

We’re back on track this week with our live Drinks and Deep Dives after our two week break and ready to jump back in with an updated intro, transitions, and graphics.  This week, Colorado Springs agent Jenny Bayless joined Chris to talk about vacancy and rental rates as well as do a deep dive on a townhome she bought earlier this year. 

They compared the estimates originally calculated when she bought the home to how it’s performing after seven months.

Listen to the podcast to see how reality differed from projections with seven months of actual data.

People often ask me if they can come work for me for free, to just be around, see what we do, and make connections.  The lightbulb went off a couple of weeks ago as I was going over all of the people who’d reached out—we should start an internship program, which will bring more structure and help us get projects done. 

Our goal is to provide value to you as an organization and for you to provide value to us.  I want to network with people and build relationships.  Some of these internships will turn into positions with us, some will be deals we do down the road in five or ten years.  But this is a great way to learn, network, and work alongside us. Listen to this short podcast to learn about internship opportunities for videography, media, and research.

We have a job opportunity for a marketing funnel expert, or conversion rate optimization specialist (CRO). Listening to the podcast, you have an idea of who we are and what we do here; we want to take the existing brand and combine it with direct response opportunities.  Our focus is on providing great value through content marketing and building a brand. Listen to this short podcast to find out more about this position.

One of my biggest goals for 2021 is to expand Envision Advisors into commercial real estate.  As I’ve mentioned in previous podcasts, we have a lot of momentum. We’re at a point where we have the right infrastructure to create a job opportunity, do some high level networking, and find a handful of people who are the right fit for Envision Advisors as we expand into this field.  Are you a talented person in the commercial real estate space looking for something new? Listen to the podcast to find out more about this incredible opportunity.

The biggest lesson I’ve learned in four years of doing this podcast is that the more I share my goals and plans, the more I attract the right people to help me achieve them.  So today, I am going to share my next round of goals that will allow me to think big, get the right people, and crush it.  If you’re interested in working with us, then listen to the podcast to learn more about our organization and find out about our exciting new opportunities.

Erik Mehus has been interested in real estate from an early age, and now that he and his fiancée both have well-paying W2 jobs, they’re ready to start focusing on building their portfolio. This deal analysis focuses on his first house hack and second property, a single family home in Arvada. This six bedroom two bathroom home was already split into two units with their own entrances, kitchens, and washer and dryer hookups. Listen to the podcast to find out how they found this turnkey property.

In this week’s Drinks and Deep Dives, Jenny Bayless joined Chris in the studio to talk about market trends for Colorado Springs and Denver, do a deep dive on a recent investment property purchased in the Springs, and answer questions from listeners and clients.  For those of you who don’t know Jenny, she runs our Southern Colorado office. They are currently operating in the Springs with plans to expand down to Pueblo. While Colorado Springs is not technically "out of state," it does check off certain boxes that Denver investors are looking for when they decide to look outside of Denver. Listen to the podcast to find out if investing in the Springs might be a good play for you.

Chris recently sat down with Jake Cohen and Erik Mehus to talk about their Airbnb properties in Steamboat Springs. They explained how they got into the business, walked us through the first home, and detailed the lessons they learned along the way. Now, they’re launching a website to help others who want to invest in these types of properties, too. Listen to the podcast to learn from their mistakes.

On this week’s Drinks and Deep Dives show, Chelsea Scott joined Chris to talk about trends in rent data for Denver and the metro area; then, they did a deep dive into a Portfolio Analysis she’s working on with a client. For those of you who don’t know, Chelsea is the head of our Portfolio Analysis division. Our clients can come to her with their portfolios and she can run different scenarios to help them figure out how to optimize their properties to achieve their goals. Listen to the podcast to find out if you need to raise rents to stay in line with market rents.