Episode Details

Paul Grant Truesdell, J.D., AIF, CLU, ChFC, RFC
Founder & CEO of The Truesdell Companies
The Truesdell Professional Building
200 NW 52nd Avenue
Ocala, Florida 34482
352-612-1000 - Local
212-433-2525 - New York

Truesdell Wealth, Inc.
https://truesdellwealth.com

The Truesdell Companies
https://truesdell.net

Casual Breakfast Conversation at the Stone Creek Grille - January 8th @ 9:45 AM
Casual Conversation over Cocktails at the Stone Creek Grille - February 19th - 3:00 PM
Reservations Required - Call or Text:  352-612-1000

The Truesdell Companies is a proud sponsor of the Eirinn Abu benefit concert for Tunnel to Towers, on February 28th at the Circle Square arena in Ocala, Florida. For more information, visit: https://eirinnabu.com or https://eirinnabu.com/event/5760795/695871447/eirinn-abu-and-tunnel-to-towers-foundation-concert

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Rough Transcription

Paul Grant Truesdell, J.D., AIF  0:00  
The growth of build to rent communities such as the BB livings developments, these are going on in the Tampa Bay area, makes a well, it's a significant shift in the housing market that a lot of people should be paying attention to, and this may be the first time you've heard of it. And so we're going to talk about the growth of build to rent, B, T, R, you are

Speaker 1  0:27  
listening to the Paul Truesdell podcast sponsored by Truesdell wealth and the other Truesdell companies. Note, due to our extensive holdings and our clients always assume that we have a position in all companies discussed and that a conflict of interest exists, the information presented is provided for entertainment and informational purposes only. Truesdell wealth is a registered investment advisor.

Paul Grant Truesdell, J.D., AIF  0:58  
Build to rent communities, not couple homes, an entire community. Now these communities are designed as single family subdivisions, but their use is, well, it's for rental use, and they've surged in popularity over the past five years in particular, especially since and after COVID, a ridiculous pandemic that we had now. This trend has been fueled by a growing demand for more spacious private living options compared to traditional multi family apartments. I can tell you absolutely without any doubt or hesitation if I was moving to an area for two or three years as kind of a job situation. These communities would be number one on my list. Apartment living. I don't care who you are or what you do. Generally speaking, trigger warning, they suck. You just can't get an ongoing caliber of people worth a ding dong. There's always problems, parking lots, cars, issues, parties, you name it. So as I said, the trend is really being fueled by a growing demand for more spacious and private living options compared to traditional multi family apartments. I kind of want to have a little bit of distance between the neighbors. Maybe want the kids to be able to run around the yard a little bit. Not that kids really do that anymore. Does anybody even ride a bicycle? In fact, come to think about it, when's the last time you ever saw a group of kids who found a vacant lot and they turned it into like a football field or baseball field, or they just did anything like that on their own? I guess had to all died out with our generation. The appeal of build to rent communities lies in their ability to combine the privacy and space of single family homes with the amenities that's the key thing, amenities and maintenance service of luxury apartments, as I said, residents enjoy the convenience of such high end amenities as property management, but not just Ralphie tool, dude who looks like he crawled off of a Navy ship in World War Two. We're talking about professional property management and the freedom from long term ownership commitments look. One of the big advantag