investment management

8 Reasons Why Land Tax Should Replace All Other State Taxes

Land taxation should replace all other forms of state taxation.  For the reasons that I will describe below many economists, tax theorists, politicians, and philosophers have strongly advocated for land taxation to be the dominant or sole source of taxation.  Adam Smith, Henry George, Alfred Marshall, Paul Samuelson, Milton Friedman, Michael Hudson, Paul Krugman, […]

Creative Real Estate Entrepreneurs

“If you have anything really valuable to contribute to the world, it will come through the expression of your own personality, that single spark of divinity that sets you off and makes you different from every other living creature.”

— Bruce Fairchild Barton, co-founder of Batten, Barton, Durstine & Osbo


Creativity is not a scarce resource.  […]

Why Most Single Family Property Managers Suck and What We Can Do About It

According to the 2014 U.S. Census, 43 million Americans are renters (35%). A large portion of these renters rent detached single family homes. Based on my experience as an investor over the past 10 years, working with nearly 100 property managers in Austin, Dallas, San Antonio, Charlotte, Columbia, and other markets, I’ve come to […]

Top 5 Reasons Middle Class New Yorkers Are Moving

Middle class New Yorkers are relocating to cities like Charlotte, Dallas, Austin, Atlanta and other cities that provide a decent quality of life for their families at lower cost. Here are the top five reasons:

1. Housing and basic cost of living in the five boroughs has risen much more rapidly than incomes earned by […]

IN THE NEWS: Fairway America announces presenting fund managers…

Home values unlikely to hit pre-recession levels for another three years

Home values in half of the 100 largest U.S. metro areas will not reach their pre-recession peak levels again for another three or more years, according to recent report by home marketplace Zillow Inc.

Nationally, home values are 11.3 percent below their 2007 peak, according to Zillow. Those values are expected to rise another… […]

Internation Home Buying Activity in 2014

The number of international buyers snatching up existing homes in the U.S. is up from last year, according to a recent NAR survey. Why?

Here’s a recent report by the Real Estate Center at Texas AM University:

Why The Rich Get Richer & How You Can Too

“That one’s owned by a California investor. That one…an investor friend of mine from Chicago…That’s a 150 unit owned by a Florida investor group.”… While touring multifamily properties with a real estate broker in Dallas a few years ago, I realized why the rich get richer.

The area we were touring was full of properties […]

Secret To Increasing Your Investment Return: Treat Tenants As Customers

“I’d like to make some passive investments. Maybe I should invest in real estate?”

If you are like me, I’m sure friends have told you that real estate is a passive investment. Robert Kiyosaki and others on the real estate investment seminar cycle have worked hard to market this myth.

Yes, it’s […]

Investor Meeting with Alain Pinel

Photo: Lobby of The Domain Hotel

I met Alain Pinel yesterday at a real estate investment group meeting at the Domain Hotel in Sunnyvale, a hotel owned by my friend Chip Conley’s company Joie De Vivre Hospitality. If you’re not familiar with Alain Pinel, he’s the founder of Alain Pinel Realtors (APR) and his name […]