The Real Estate Espresso Podcast

Victor Menasce
  • 4.9 (132)
  • INVESTING
  • UPDATED DAILY

Welcome to The Real Estate Espresso Podcast, your morning shot of what's new in the world of real estate investing. Join investor, syndicator, developer, and author Victor J. Menasce as he shares his daily real estate investment outlook. Our weekday episodes deliver 5 minutes of high-energy, high-impact content to fuel your success. Plus, don't miss our weekend editions featuring exclusive interviews with renowned guests such as Robert Kiyosaki, Robert Helms, Peter Schiff, and more.

  1. 1H AGO

    Vertical Integration Is Back

    For the past several decades, the dominant playbook was globalization and specialization. Companies outsourced components to the lowest-cost producer, often halfway around the world. Supply chains became long, complex, and highly optimized for cost. On paper, it made perfect sense. If a supplier could produce a component cheaper and sell it to multiple competitors in the same industry, everyone benefited from economies of scale. But there was a hidden assumption baked into that model. The assumption was that supply chains would always function smoothly. And we now know that assumption was flawed. Over the past several years, we’ve seen disruptions from pandemics, geopolitical tensions, trade disputes, and transportation bottlenecks. What used to be considered low-probability events are now happening with uncomfortable frequency. Supply chains are no longer just an efficiency mechanism. They’ve become a source of risk. And when risk enters the equation, the optimal strategy changes. We’re now seeing companies rethink their dependence on third-party suppliers for critical components. In many cases, they’re bringing production back in-house. That’s vertical integration. Not across the board. Not for every component. But selectively, for the parts of the value chain that are mission-critical. That's changing demand for industrial real estate. ------------- **Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)

    5 min

  2. 23H AGO

    My December Fed Prediction Came True

    Today’s show is sponsored by The Cost Segregation Guys. If you own investment real estate and haven’t looked seriously at cost segregation, you could be leaving significant tax savings on the table. The Cost Segregation Guys help investors accelerate depreciation, improve near-term cash flow, and make more efficient use of capital, all without changing the underlying asset. In a business where preserving cash matters, that’s worth paying attention to. If you’re interested in learning more, click on the link in the show notes and you’ll be able to connect with them directly, and qualify for a discount because you came from the show.   https://costsegregationguys.com/estateespressopodcast/ ------------- On December 10 of last year I published an episode of the podcast that summarized the rules for how the Federal Open Market committee elects their chair. The Federal Reserve Act requires the Fed Chair to be elected in the January meeting for the balance of the year. It has been customary for a Fed chair to resign their position as Fed chair and to relinquish their seat on the FOMC in order to create space for the incoming chair to take their seat on the committee.  On December 10, I made it clear that the committee has followed the custom of electing a new chair in January, and then after the resignation of the chair, making way for the new Fed chair to take their seat. While unprecedented, the current Fed chair, Jerome Powell would not be required to resign and it would in fact require a change to the Federal Reserve act in the Congress and the Senate in order to force the Fed chair to resign.  I put this forward as a distinct possibility.  Well, as fate would have it, today Fed Chair Jerome Powell announced that he would not be stepping down, and that he would only do so when he felt that conditions were right to protect the integrity of board as a whole.  Powell is clearly signaling to the President the terms under which he gets to appoint his new Chair. This is a high stakes game of chess. It will continue to make headlines probably for days and weeks to come.  -------------- **Real Estate Espresso Podcast:**  Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)    iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)    Website: [www.victorjm.com](http://www.victorjm.com)    LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)    YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)    Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)    Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)   **Y Street Capital:**  Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)    Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)    Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)

    5 min

  3. 1D AGO

    Why Is Energy Being Ignored?

    Today, we’re going to talk about something that is not getting nearly the attention it deserves, and that is the economic impact of the war in the Persian Gulf. Sure there is lots being shared in the media. But I think the mainstream media are either dramatizing the war, or downplaying the economic impact.  Markets, broadly speaking, are treating this as a contained geopolitical event. Maybe a temporary disruption. Something that will resolve itself in due course. I believe that view is fundamentally flawed. --------------- **Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)

    8 min

  4. 2D AGO

    What Does The Purchase of Remax Mean?

    Today’s show is sponsored by The Cost Segregation Guys. If you own investment real estate and haven’t looked seriously at cost segregation, you could be leaving significant tax savings on the table. The Cost Segregation Guys help investors accelerate depreciation, improve near-term cash flow, and make more efficient use of capital, all without changing the underlying asset. In a business where preserving cash matters, that’s worth paying attention to. If you’re interested in learning more, click on the link in the show notes and you’ll be able to connect with them directly, and qualify for a discount because you came from the show.   https://costsegregationguys.com/estateespressopodcast/ -------------- Today, we’re looking at a major headline in the brokerage world, the acquisition of RE/MAX for approximately $880 million, and more importantly, what this means, not just for agents or shareholders, but for residential clients and real estate investors. -------------- **Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)

    6 min

  5. 4D AGO

    Industrial Storage with David Miller

    David Miller is based in Northern California where he is a principal at Peninsula Real Estate. He specializes in industrial storage in markets across the US. On today's show we are talking about what market conditions are conducive to industrial storage projects. To connect with David, visit https://www.peninsulare.net/ or a Centum Capital at https://centumcap.com/ ----------- **Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)

    11 min

  6. 5D AGO

    Evolution of Self Storage with Fernando Angelucci

    Fernando Angelucci is based in Chicago where he invests nation wide in self storage. On today's show we are talking about the demand drivers in the business and how you read the market. To connect with Fernando visit https://ssse.com/ or you can call him directly at 630-408-8090. -------------- **Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)

    19 min

  7. 5D AGO

    The Productivity Rocket Ship

    On today’s show we are talking about yet another transformative innovation in the world of artificial intelligence. I realize that this is a real estate podcast and not an AI podcast. But any business that builds its business systems around AI will experience transformation.  So on today’s show I’m going to showcase two different innovations that have launched in the past week. Spoiler alert, not all of them are worth embracing. The first one is a new product called Claude Design. The idea is that you should be able to provide a description of what you want to create and the AI will generate it. You can seed the process with examples.  In one test case, I wanted to create a new building design. The floorplan is based on an existing design with 2BR apartments. I wanted to change the 2BR apartments with a 1BR apartment, but maintain the overall theme of the building. After half a dozen iterations, each one as bad as the one before, I gave up and realized that I would not converge on anything useful anytime soon. Unfortunately I have to give Claude Design a failing grade. I’m sure it will improve, but it’s not close. You will see dozens of YouTube videos talking about how great Claude design is. I can tell you that it is not great yet.  This past week, OpenAI introduced the latest release of Codex. This is the OpenAI answer to Claude Code and Claude Cowork.  As is so often the case in the tech industry, competitors will often leapfrog each other. The new Codex release from earlier this week is precisely one of those moments.  Codex is now capable of interacting with any application on your computer just like a person. Most other AI applications are looking for a machine to machine interface in order to properly create an integrated AI agent flow. But Codex interacts with any application by reading the screen, typing input, and moving the mouse. But it does it in the background. It allows for multiple desktop agents to be working in the background while you are working in the foreground.  The new Codex release comes pre-packaged with connection to over 90 native Mac applications as part of the initial release. The depth and quality of work I’m able to get done in those few minutes each morning is truly mind blowing. I now have 3 Codex windows open perpetually on my computer and have up to 3 separate workflows running simultaneously. Now I know what you’re thinking. Victor you’re a senior partner in a real estate development firm. What the heck are you doing with 3 separate agents running in the background?  Well, I can tell you that I’m continually conducting research. I’m conducting research for this podcast. But I’m also conducting research for various projects that we have underway. This includes due diligence, and verification of assumptions. I’m testing whether certain new products can meet the building code. The use cases are almost too numerous to mention. So while you’re trying out new tools, be prepared that they might not be ready for prime time. But equally, be prepared to jump on a productivity rocket ship.  ----------- **Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)

    6 min

  8. APR 23

    A Weak Investment Thesis

    Today’s show is focused on an investment thesis that sounds good on the surface. It comes from a listener question. The idea is that a logistics hub like Houston is a growing market which continues to experience population growth.  The need continues for more apartments, for more industrial warehouses, for more commercial, and for more industrial storage. Specifically, the argument was that there is need for more truck parking in Houston.  The problem with this thinking is that it is focused purely on the demand side of the equation. I am a student of the law of supply and demand. To me, supply and demand is to be respected with the same reverence as a law of physics, maybe even gravity. If you try and cheat gravity, chances are you will fall and get hurt. Violating the law of supply and demand will have similar consequences. Today we're talking about assessing the existing supply, but more importantly, the hidden supply that could enter the market at any time. It's that hidden supply that is much more difficult to assess. -------------- **Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)

    5 min
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4.9
out of 5
132 Ratings

About

Welcome to The Real Estate Espresso Podcast, your morning shot of what's new in the world of real estate investing. Join investor, syndicator, developer, and author Victor J. Menasce as he shares his daily real estate investment outlook. Our weekday episodes deliver 5 minutes of high-energy, high-impact content to fuel your success. Plus, don't miss our weekend editions featuring exclusive interviews with renowned guests such as Robert Kiyosaki, Robert Helms, Peter Schiff, and more.

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