Real estate economists and the analytics in multifamily real estate are becoming essential to blend together. Why is this happening? And what does it mean for investors, owners, occupiers & operators?
The global real estate market is more connected than ever before. In a time of increasing competition and technology, being digitally proficient has become crucial in effectively managing a property.
One of the most common questions we hear from multifamily executives is what kind of data analytics do I need to run my business? This week's guest is uniquely positioned to answer that question. Jay Parsons is a real estate ‘software-as-a-service’ executive with more than a decade of experience. He’s worked across market research, intelligent risk management, rental housing policy issues, risk and property management, all the things that we as investors encounter on a regular basis.
Join us as Jay blends all of these crucial analytics together and lays them out in comprehensible digests for our listeners. If you love data, you won’t want to miss this.
HIGHLIGHTS OF THE EPISODE
03:51 - Jay’s story started in 2009
06:16 - Jay ‘the Myth-Buster’ on LinkedIn
10:36 - Real-time data from Real Page
12:56 - Asking Rents as a Metric
15:29 - What are better data metrics?
18:47 - Long-term tailwinds
22:40 - Tertiary market changes with COVID
26:03 - How rents move in high inflation
28:23 - Demand Markers for rentals; size and wag
33:34 - Rental affordability issues
35:52 - ‘True’ affordable, mid income, or public housing
41:42 - Top 3 Market Predictions
45:46 - What inspires Jay Parsons
CONNECTING WITH THE GUEST
Website: https://www.realpage.com/
Analytics: https://www.realpage.com/analytics/
LinkedIn: https://www.linkedin.com/in/jay-parsons-a7a6656
Youtube: https://www.youtube.com/user/RealPageMedia
Facebook: https://www.facebook.com/realpage
Youtube: https://www.youtube.com/channel/UCTpJoMpgE3DDGSgw-13nTIw
LinkedIn: https://linkedin.com/company/ftw-investments
Instagram: https://www.instagram.com/ftwinvestments/
Facebook: https://www.facebook.com/ftwinvestments/