In this episode, we're joined by Kyle O’Hehir, Co-Founder and CTO of Constitution Lending, to talk about the distressed real estate

We cover:

• Introduction to Assessment Matters podcast 00:00

• Kyle’s background in finance and real estate 00:40

• • From commodities trading at a hedge fund to real estate assets

• The distressed real estate credit market 3:13

• • Buying out debt from other lenders

  • Pursuing debt repayment to secure the real estate collateral

• The post-COVID commercial real estate market 10:00

• • Increased opportunity in the distressed debt market

  • Influence from debt capital markets

• Macro-level concerns: the impending debt “maturity wall” 13:52

• • Pre- vs post-COVID: the rise of non-bank lenders

  • Bank lenders have flexibility that non-bank lenders do not

  • How does this influence behavior around upcoming maturities?

• Good vs bad distressed debt deals 20:53

• • Preliminary screens: quality of underwriting and default rate

  • Subsequent modeling

• Evaluating real estate value as part of due diligence 24:44

• Kyle’s most memorable deal 27:44

• How to reach Kyle 35:28

• • @financeguy725 on Twitter

  • Other podcast appearances

In this episode of the "Assessment Matters" podcast, host William Jarvis sits down with Doug, a seasoned county appraiser with over 35 years of experience. Doug shares his insights on the evolution of the GAAO summer conference, the challenges and strategies of property valuation and appeals in a small county, the importance of empathy and customer service in the assessment profession, and the future trends in real estate and technology integration. The conversation provides valuable perspectives for both new and experienced professionals in the property assessment field. Notes:

• Covers Doug's extensive career journey, working in various counties and roles within the assessor's office

• Highlights Doug's approach to dealing with property owners during revaluations, emphasizing the importance of empathy and clear communication

• Discusses the potential issues with inflated tax estimate notices and the need to encourage reasonable appeals

• Explores the impact of remote work and technology on the real estate market and assessment practices

• Provides career advice for new office workers, encouraging dedication and a commitment to serving the community

• Touches on Doug's ideas for leveraging technology, such as integrating Google Street View and capturing realtor listing data, to improve assessment processes

In this episode, we're joined by Rebecca Malmquist, City Assessor at the City of Minneapolis and IAAO President for 2024. We talk about nurturing the next generation of assessors, the challenges faced by the assessment industry, as well as her vision for IAAO.

We cover:

• Introduction to Assessment Matters podcast 00:00

• Rebecca’s bio and big ideas 01:09

• • Rebecca’s experience in construction, urban planning, and assessment/appraisal

  • Creating opportunities for growth and professional development

• Nurturing new blood in the assessment industry 4:01

• • The needs of both younger entrants and older people switching careers

  • The power of one-on-ones: understanding people on a more holistic level

  • Meeting people where they are at — being ready for people when they are ready

• Big ideas for IAAO strategic initiatives 6:55

• • Creating inclusive spaces for more talent

  • Nurturing a new generation of professionals and leaders from more diverse and outsider backgrounds

  • Matching people with the mentorship they need — LaunchPAD

• Challenges faced by the assessment industry 11:39

• • Recruitment and retention — retirement waves and generational needs

  • Resources — learning more from each other for more efficiency

  • Readiness — being prepared for ever-arising challenges

• More on recruitment and retention 14:18

• • Provide as much flexibility as possible

  • Remote/hybrid working models

  • Getting leaders and local communities to better understand the importance of the assessment industry

• Collaborations and partnerships with IAAO 19:48

• • Valuable academic and educational work

  • Building trust between associations, and public trust around the world

• What IAAO legacy does Rebecca want to leave behind? 20:57

• • A better and more open association

• Advice for newcomers 22:22

• • “Find the path of joy”

• How to contact Rebecca 23:28

• • Email: president@iaao.org

  • Phone: +1 (612) 701-8410