.jpeg)
Suit Up With Baez
Level up your real estate, mortgage, and business game with the 'Suit Up with Baez Podcast!' Tune in for bold strategies and expert insights to fuel your success!
Suit Up With Baez
Episode 15: Winter Walls & Rental Shifts: Navigating New York's Chill & Jake Paul vs. Mike Tyson Boxing Buzz
Prepare for winter woes and rental relief as we share personal tales about bracing against the New York chill and the legislative shake-up hitting the city’s rental market. Ever wonder how a simple maintenance trick could save your home from icy disaster? We're swapping stories about our seasonal struggles and emphasizing why your roof and boiler are your best friends this winter. As the city council makes waves with the Fairness in Apartment Rental Expenses Act, discover how this change might just ease the burden on renters—or will landlords pass the costs around?
Let’s talk real estate savvy where presentation is king, and bold colors might just be the court jesters. Learn from our experiences and why sticking to sophisticated shades could be your ticket to a quicker, more profitable home sale. We explore how specialization among real estate professionals can make or break your selling strategy. Whether you're navigating the market as a buyer, seller, or just a curious observer, find out how targeted expertise can transform your property dealings.
Finally, we turn the spotlight to the world of entertainment where boxing meets bravado. The upcoming showdown between Jake Paul and Mike Tyson promises to be nothing short of electrifying, and we’re here to share our predictions and excitement. With the fight set to stream on Netflix, we delve into the spectacle of marketing genius and celebrity encounters, all while drawing connections to the broader economic and political shifts at play. Whether you're here for the real estate tips or the ringside gossip, this episode is packed with insights and entertainment aplenty.
Hello everyone, welcome to Sudo with Bias podcast, and I'm here with my co-host.
Speaker 1:Angela Bias and I am Alex Bias and we're excited guys. It's a great week. It's getting cold, it's weather. I always say New York is like like bipolar all around. Even the weather's bipolar one day it's cold, one day it's hot. But new york is. It's the city I love. It's a born and raised in new york city. This is a city I love, angela, but I'm excited. I feel like you know a lot of things are happening, a lot of new things are happening and it's getting interesting yeah, like you said, it gets crazy this weather.
Speaker 2:I mean all the people we've talked to have been having like some, uh, some sort of like flu or or you know something that's been going on with like the weather changing, like they're getting sick.
Speaker 1:Yeah, yeah, you recently got sick yeah, so that's the thing that the weather goes up and down, right, so we get sick. You know, I get sick quick, man, I usually get the cold. Guys, I hate the cold, I get get the cold all the time. So I just got to really.
Speaker 2:Yeah, I feel like when you get sick, you get sick for a long time, like you kind of have like a couple of days to recover, yeah, yeah, where other people like they recover on the same day but you take a little bit of time.
Speaker 1:Yeah, I do. Yeah, the homeowners out there, guys, it's getting cold and it's usually that's when it gets interesting. Right, you got to make sure your roof is good. Right, because then the weather's coming in, they're really strong. Right, you consume more heat if you don't have your basically your roof done. Check your boiler. I think it was like two days ago my boiler had needed some work really you know, now I'm using the.
Speaker 1:I'm using the heating, so it needed some work. I had to replace one of the plumbing because the water was leaking out of it. But usually in the winter, man, that's when the properties start acting up. So make sure you're on top of your property, make sure you're getting the correct maintenance your property needs and deserves, because it adds up the thing about these properties, angel and I say that to all the homeowners, definitely, when things happen to your house right, for instance, if you get a roof leak, if you have plumbing issue, electric attack it instantly because it piles up and it's so expensive. Now these contractors, these licensed plumber, licensed electrician, they're hitting people really hard. Man, I'll be honest with you. Like any little thing now it's like you're looking at $500 and up, $1,000 and up for any work that they come and do. Even that they come and do Even you know you used to come and inspect your property. They want to charge.
Speaker 1:It's getting a little bit too much with these inspectors, yeah, with these contractors, I mean, I'm sorry, with these contractors and electricians and plumber, I mean these. The estimates are always skyrocketing. Now you know, because you know the insurance went up too of all of. So just make sure when you get any issues with your house guys, make sure at least speak to two, three professionals before you choose anyone, because these estimates are high guys and you know. Get at least three estimates to see if that's what is really worth the work.
Speaker 2:I completely agree with you. At least three estimates, not two. Two is too little, I think three you get a solid understanding of like what's out there and honestly it's just like about you. You know quality of work and price that's paying for your buck. But just be aware that some people do charge a lot for their services and honestly you could you could probably get a better vendor out there for a much reasonable price so all those contractors, plumbers, electrician go easy on the public guys.
Speaker 1:Yeah my god, go easy with your prices.
Speaker 2:You guys are hitting people real hard we've seen some crazy numbers be thrown out there, where the competitors are just like why turned off so much?
Speaker 1:so yeah, you know, it's like absolutely so.
Speaker 2:Let's start with one of the articles here. Right, and one of the biggest news that came out this week was on Wednesday, and it was in the rental market. Yes, broker fee shift to landlords. So CBS News is reporting that New York City Council recently passed the Fairness in Apartment Rental Expenses, known as Fair Act, which requires landlords to pay broker fees instead of tenants. This reform aims to alleviate the financial burdens on renters, who typically pay 12 to 15 percent of the annual rent as broker fees. And yeah, that's been going on now for quite some time, but it finally got voted on and approved. And it's saying that some supporters believe this change will make renting more affordable and fairer for tenants, while others think that this is going to raise prices of rental units because now that the landlords have to kind of swallow that cost, they're going to be baking it into the rent, so they're going to be increasing rent. So there's two sides to it. What do you think on that?
Speaker 1:I'll be honest for you. I think it's good to be honest with you because it helps the renters out right, because, think about it, most of these renters now, if you want to rent a unit, we're looking like seven to ten thousand dollars. That's extremely high guys, to be honest.
Speaker 1:So it's going to help a lot for these renters because most of these landlords they could afford it, but most of these renters can't afford a broker fee right I see the benefit of it for the public that now, if you're looking for an apartment you know and you want to rent now, the landlords will pay for it, which is great, right? I think it's very beneficial to the renters. I mean, real estate in general is getting interesting, like it's so many new laws coming in.
Speaker 2:Right.
Speaker 1:And it's just like it's going to shift. So much about the service and everything. It's just very interesting how they've been attacking the real estate laws the past two years. I would say.
Speaker 2:Yeah, absolutely, and I love that we have this podcast because we get to explore these topics a little bit more and get to learn about what's happening, because recently someone just called you about the rentals and they're like so have this in mind, guys, it's going to go into effect.
Speaker 1:I know it already went to the mayor's desk for 30 days once he signed, and once he signed it's 180 days for it to go into effect. It's not going to affect instantly, guys, have that in mind. It's been approved, it will go on effect. It's just not yet. Just have in mind once the mayor signs, then it has another 180 days to go into effect fully.
Speaker 2:All right, so it's not in effect yet. Yeah, so it's going to be coming around next summer, like right around there Before.
Speaker 1:June, that's what I was told Around June or before June.
Speaker 2:Yeah Of next year, which is more than 180 days.
Speaker 1:To be honest with you. Because, right now we in November, which is mid-November. Guys, Also, happy holidays to everyone. Make sure you eat your nice turkey.
Speaker 2:Yeah, absolutely, and I hope you had some great holidays. So, yeah, that's a big thing that's been happening. I know that we've gotten some calls regarding that and we were like what?
Speaker 1:is this.
Speaker 2:Since we're primarily residential agents and we focus on sales, then we're not too informed sometimes about the rental market. But that was such a huge thing. Everyone was talking about it, even in my news feed. I follow news all around Morning Brew, wall Street Journal. They were all talking about this.
Speaker 1:I got a homeowner that reached out to me the same day. It went into effect Like is this, you know, is it to me? And I was like, well, you're good till next year. She's a landlord. So she was like wait, is this going to affect Insta? I said no, it's going to take some time, but it is going to go into effect. They've been approved. They've been trying to do this, I think, for over a year or two. I've been seeing that they've been trying to bring it up and finally they got it approved. They tried to put it into effect.
Speaker 2:I approved and yeah, it's just, the mayor got a sign and that's it yeah, I mean there's a lot of things that, just like you know, are in the works for years and years. Like I know that there was an article that I read as well that it was about california and how california just recently rejected a bill for more affordable housing. So that's still trying to go through because in california they're having a really tough time, just like in new y York, getting like affordable homes for people, just because, like it's the place to be right, california, new York, yeah, but California just rejected that. That was big news in California.
Speaker 1:I think that that rental thing it's going to be very beneficial right, especially for these renters, right, because a lot of renters man, they would like to be renting new places and they don't due to the broker's fee. And I'll be honest with you guys, whatever you're doing with real estate, always hire a real estate professional at all times, because they're going to guide you. We do this every day for a living, right, especially us. They're going to guide you correctly. So now it's nice that you know you you could waive the broker fee and just pay the one month rent and one month security, right? This is going to help out a lot for a lot of renters.
Speaker 1:I see it more pros than anything. I know landlords guys, I'm sorry you got to pay that service to these agents, but as long as they're doing their job and getting you the correct renter, you know, qualifying the renter the correct way and giving you all transparency with the documents, it's going to be worth every penny because you want a good renter into your units, you know to take care of your property. As long the agent is doing his job correctly and submitting all these documents with transparency, I see more benefit for both sides than anything.
Speaker 2:Yeah, I see that too. And going back to your point about hiring a real estate agent, also make sure that that real estate agent is someone that you have, you know, that you feel right with. You don't want just anyone. You want to make sure that when you're interviewing that agent and stuff, you know you get a good chemistry with them, because sometimes you'll just go with the first agent and that might not be necessarily the best one, but if you feel a good connection with that agent right off the bat, then go for it. If you don't, then maybe explore your options.
Speaker 1:I will say this, and this is probably one of the biggest things I'm going to say have in mind, guys, just because we are realtors, real estate brokers, doesn't mean that we cover every area. For instance, I might be a renter agent, I might be a buyer agent. I might be a renter agent, I might be a buyer agent, I might be a listing agent. All of us do differently.
Speaker 2:Commercial agent.
Speaker 1:Commercial agent as well, right, we all have different fields in the business. We do real estate. It's like, for instance, you go to an attorney, right, attorneys, they do all types of stuff. You see insurance attorney, you see real estate attorney.
Speaker 1:Litigation. Every attorney is different. Just attorney is different. Just like in real estate too. As realtors, we all focus on one line, because if you focus on all of them, it's a lot for us as a realtor. So it's best to focus on, for instance, us. We do residential sales. We help families buy one or four families co-ops condos as our primary resource that we work in. So just have in mind that when you interview the agent, make sure he's a renter agent. Make sure he has experience doing rentals. Make sure this agent does whatever field you're looking for, or buying or selling. Make sure this agent has experience doing that.
Speaker 2:Correct, because whenever we get people that want to rent, we're always trying to refer them to people who have that experience with them. So it's more, you know, to their benefit. Because, like, if we try to represent you on your behalf, we're probably not the best agents to represent you. When we have a ton of agents that do that for a living, just rental, we couldn't give you the best service that we know we could.
Speaker 1:Exactly.
Speaker 2:As opposed to like residential sales where that's our bread and butter, like that's, we'll know it from start to end.
Speaker 1:We'll take care of you. 150% yeah.
Speaker 2:And yeah, I mean here's another interesting story that we also have for the podcast, and it's concerning are you trying to sell your home for top dollar? Then be careful with the paint you use.
Speaker 1:You know that has a lot to do with it Believe it or not like when you go to these houses, right, and you see the walls and you see the quality of the paint, kind of like, wow, it looks real fresh and new the house, right, I actually had a client of mine. He's an investor, right, he loves to buy properties right in the auction. And the reality is this, guys, whatever, you invest into these properties.
Speaker 1:That's what you're going to get in return, right? If you go through a cheap route and you do a horrible job and you're listening at a high price, where do you think your results are going to be right? It's not the realtor. It all comes down when you're selling a house, guys. It all comes down to the conditions of the house. Right? That's huge. One of the most important things when a client walks in, they look at the bathroom and the kitchen. Those are the two more selling things for me, and what I witness and observe is like when a client walks in, they're looking like the floor. They want to see the kitchen, the bathrooms.
Speaker 1:It's very important that if you're going to do any type of renovations in your house, if you want to do it, do it the right way right, because you want to get the best outcome out of it right. If you invest the correct way and actually put love and detail to what you're doing, you're going to get great results right.
Speaker 1:I've seen and witnessed a lot of investors that are doing renovations to the house and they want to do it running and quick. The faster you want to do it, the uglier the work is going to be. I've witnessed that so many times. Sometimes you got to just relax, take your time and do the right decision and bring a few or two, three contractors to give you ideas and estimates, of course, but do it correctly, you know. So that is interesting that that report came up about the paint.
Speaker 2:Yeah, because apparently bold colors like lime, green, red what else is stated here? Red, lime green and bright yellow are generally turnoffs for most buyers. So if you see that, I'll be honest with you.
Speaker 1:I'm more like so simple, like my name, alex, right, I mean those colors honestly, you know, like, for instance, my son, my son Levi, when he was he was right when we moved into this house, probably like three years old, he had this thing with green, wanted a bright green color, like leaves, oh, okay like, but more like a brighter green right, like kind of like money right right, so leave. Heidi was like alex, please do it green. I'm like yo this color is so ugly, right, but you know I want to make the wife happy, I ended up doing it, painting it.
Speaker 1:Now he doesn't like green, now he likes blue. Well, that color looks so ugly to me, that green color, you know, but you know it's the color of the leaf I wanted, but I honestly don't like it. I'm more into, like the simple colors the plain colors, you know, but those bright colors got such a turn off.
Speaker 2:To be honest with you, oh yeah, more modern colors, and you also have to take into consideration that most of the population will lean towards something like white, beige, cream.
Speaker 1:The color I see the most is like grayish, grayish-brownish.
Speaker 2:Grayish-brownish.
Speaker 1:But light color, not very dark, not very bright. It's like in the middle.
Speaker 2:Yeah.
Speaker 1:So those flat colors you know I see more homes like paint jobs are more modern than anything. So, like our office, you know it has two nice colors a baby blue, and then it has another blue color in the bottom too.
Speaker 2:Yeah, a darker bluish. Hue. Who chose out the colors for the office?
Speaker 1:So lucky where we're renting right now. Right, our office was just like this. I was like a blessing from god. Gotcha.
Speaker 2:Yeah, first god yeah, I think, generally going back to like, uh, what people would probably like? I think a lot of people like those pastel colors, like white off-white cream, like pastel, like light colors, just because like, yeah, when the light hits it it looks more beautiful, like the light reflects all over. So they like that white color, so it feels more, more alive, more you know I see a lot of people like doing the kitchens white black.
Speaker 1:You know, I even seen cabins navy blue that looked real nice with the gold. Oh yeah, you're definitely seeing a lot of more modern colors, more unique, but I think most homeowners are focusing more on white, black and gray yeah, what I've been seeing.
Speaker 1:You've been seeing a lot of black yeah oh yeah, it's like you've been seeing those modern colors, um, but you know, everyone to their own, everyone got their own taste. But when you're doing these properties, guys, or when you want to sell your house, guys, let's go with that. When you want to sell your house, guys, you know why don't you see how much is worth selling it as is and also selling it after renovation? How much would it be? What would be? You know, because it's all about the numbers, right? What if we could get you a great amount of money for as is right, or if you renovate it and see if it's a big difference? If it's a big difference, then renovate it.
Speaker 1:If it's not a big difference, sell it as is, or let the other person that comes in do it at their taste, at their look right, and call it a day, and you're still walking with a great amount of money in your pocket. That's what I do, while most of I'll tell you this is how much you could get in an estimate as is, and this is how much you could get if you do the renovation. Do you have the funds to do the renovation? That's the most important thing, because if you don't, then we're selling it as is.
Speaker 1:So, what I do is that I try to give them different scenarios. I have options to see which one best fits them Right, and then I let them choose, because the reality is that you're the homeowner you choose what's beneficial to you. I'm here to help you and what's beneficial to you homeowner.
Speaker 2:At the end of the day, it's what you're comfortable with, like what do you want to take away? Do you want to get top dollar? If you have enough for renovations, then maybe this can improve the amount that you're going to be getting. Despite putting a little bit more into it, you're probably going to receive more. I think the biggest thing that I've seen when looking at homes that it's just like if it had that it would sell even faster, would be islands on kitchens. If it's possible, I'll be honest with you.
Speaker 1:I have an island in my house. I love my island. Yeah, people love the island it's actually scary having an island when you have toddlers. Oh, like two weeks ago, my son Levi was jumping. My son Levi loves to jump, he's five years old. He thinks he's Superman. Now he thinks he's Batman. You know, he thinks he's a man already.
Speaker 2:Right.
Speaker 1:He's only five, six years old. Fortunately, he jumped on the island and banged his two front tooth and they broke. Yeah, it was that baby teeth those are his baby teeth right, yeah but of course, me and his mom panicked. We ran to emergency room. Thank god, they told us they were loose. They took them out. Um, that was the best thing to do. Um, but these islands with toddlers is a little scary guys.
Speaker 2:So it's beneficial, but I think it's more beneficial if you don't have toddlers in your house right, and if you do, just make sure you're always watching them and don't let them be little soon. Oh man, you can be watching it.
Speaker 1:You want to know. Something happened right in front of me and Heidi. You can be watching them, because they just don't listen. So it's like you know, but unfortunately that happened. But yeah, also, guys, those buyers out there do want to share another tip. We, you know, there's also homes. You're never going to find the perfect home, angelo.
Speaker 2:Yeah.
Speaker 1:Right and I will always say you never. You always want to do a little different detail. Because why, angelo? We all have different tastes. You might like something I don't like in the house, right To those buyers out there. You're never going to find the perfect home, but you're going to find that home that's going to best fit you. I also tell these buyers if you find a house that needs a little bit of work, you should buy it, because what happens, also what we do we'll get you like two to three contractors to give you an estimate of how much the renovation will be, and if it makes sense for you, then you do it.
Speaker 1:But we also do the same thing with the buyer's side of also giving you ideas, giving you options, giving you scenarios so you can understand which one best fits you, but with the buyers as well. You're not going to find the perfect home, but the perfect home is building memories to me, yeah, especially in these holidays. Absolutely. I love the holidays, guys. I love christmas. I'm excited christmas around the corner. Um, you know, I have two kids, so I'm excited oh yeah, did you get their presents already?
Speaker 1:no, I'll leave that to heidi. I just saw heidi just selling this for me and you, but I do go with her, you know, try to yeah but what we do in our house, for instance, me and my kids and my wife, we do a Christmas list and then Heidi will give me her list. Of course Heidi lists us, you know top notch. But you know I tell my kids to give me a list of what you guys want and then Heidi goes and purchase it.
Speaker 2:Yeah.
Speaker 1:But we do. We're really excited about the Christmas.
Speaker 2:Yeah, I think everyone is right. I think Christmas is probably the most beloved holiday of the whole year.
Speaker 1:Yeah, it is.
Speaker 2:Yeah, that or Halloween. It depends, yeah, so another thing that we have over here that we want to talk about right is post-election real estate shifts. So apparently, following the recent elections, there is a newfound optimism in the US real estate and now the market is saying that that probably interest rates are going to fluctuate towards, you know, being more, more friendlier for homeowners, like they're going to go down significant amount hopefully in the future. So some people are being optimistic about that. Yeah, what do you think?
Speaker 1:I think we got to go day by day. He's not inside the office yet, he's not in full control yet, right? I think it got to go day by day, right? He's not inside the office yet, he's not in full control yet, right? I think it's just going to be interesting, guy. We just got to sit, wait, buckle up, like I say, and just wait to see what happens.
Speaker 1:But I definitely think next year is going to be interesting, especially in real estate. So many laws come in, right, with the buyer now paying buyer commission right Now. The renters, the landlords paying the commission Now the renters, the landlords paying the commission. So you start seeing a lot of things are changing. Of course, this year was big with the election, right.
Speaker 1:One thing I am I'm more into looking like the benefits of everything. I'm not the guy that sits down and be like, oh my God, we got a new, you know. It's more like let's look at the good of everything. That's what I do, right, let's look at the good of everything. So I think it's definitely going to be an interesting year. That's what I could definitely say. And I would just say, like, put God first and then everything else will fall in place. Let's see what happens and hopefully this new president is coming in. It's coming with the best interest of America and doing what's best for America. You know, I just really hope the best out of it and I just hope the best outcome in real estate guys.
Speaker 2:I really do you know real estate?
Speaker 1:is. You know, I love real estate, I'm passionate about real estate, so I expect and I hope hope right for God that real estate will be stronger again and the rates will be lower so we can all buy homes, including us, angelo, buy more homes and these rates will be lower, you know, and the economy getting better and these stocks are getting better. You know I did see the stocks go up tremendously though.
Speaker 2:Oh yeah, they rallied after that election.
Speaker 1:After Trump won, I saw the stocks went up and I'm seeing like worldwide leaders, you know, are getting interesting now with Trump. Yeah, I think Trump has got a lot of work to do. I think Trump is going to come in and see what happens.
Speaker 2:You know, I hope he does what he promised, in other words, Yep, and the last thing that we want to talk about is the fight coming up today with Jake.
Speaker 1:Paul, I hope Jake Paul gets knocked out you know, but you got to understand something, man, mike.
Speaker 1:Tyson, you know he's 58. That's a tough age. You're talking about him as a 60-year-old guy, you know, know. But one thing I would say about jake paul he knows exactly what to do, you know, to get the public running. And guys, you guys might see it like, oh he's annoying all this, but that's what, that's what helps him get his bread and butter is annoying the public like this it's like mayweather when he used to basically say that you were.
Speaker 2:He just used to instigate and do a lot of stuff right To kind of prop up the anticipation for the fight and all that.
Speaker 1:Exactly, it's going to be interesting with this Mike Tyson and Jake Paul. But let's see, I will say that Mike Tyson, he looks real fit man. He looks like he's been working out. I just hope he knocks out Jake Paul the right way. But it's going to get interesting with this fight. I mean, it's cool that Netflix is doing this, you know oh are they.
Speaker 2:Yeah, so you can watch it.
Speaker 1:Oh, by the way, you can watch it on Netflix, and all the subscribers of Nexus can watch it free we're paying for it monthly, right, so we can all watch it. So that's interesting how Netflix brought this up. It's going to be really cool and, yeah, let's see what happens.
Speaker 2:Yeah, that's awesome. Do you have money on the fight? No, I'm not.
Speaker 1:I am going to watch it, though for the entertainment right to enjoy. It's a Friday night, might as well enjoy it and watch it. But I would say that Jake Paul knows what he's doing.
Speaker 2:Marketing-wise, this kid is brilliant, absolutely.
Speaker 1:I'll be honest with you and it I actually saw his brother three weeks ago. I actually was in a, we went to a I forgot me and Heidi and the family went to somewhere.
Speaker 2:Oh, logan, yeah, I saw Logan yeah.
Speaker 1:His brother Logan. He was a nice guy. He was with his family. I think it was his son, daughter, I don't know what he has, was it at the winery or whatever. Yeah, at the winery. I saw him over there because he was in family. It was a Sunday exactly.
Speaker 2:You don't want to really bother them.
Speaker 1:I actually feel for those celebrities, you know as a celebrity it's pretty tough for them to be honest, it's interesting that you know he was there with his family and I just said hi and bye to him, but I definitely wanted to tell him like yo, your brother's pretty. He's a brilliant one when it comes to marketing man, but this will attract the world. Exactly, it's that drama, that attention that he gets and see what happens to him. But I really hope Mike Taggison comes in aggressive.
Speaker 2:And knocks him out.
Speaker 1:Yeah, I mean he knows how to you know. The fights he picks are really smart. Though, to be honest with you, he's getting a piece of every world. Now he's getting it from a professional boxer, Probably over 27 years ago, 20 years ago.
Speaker 2:That's going to be an interesting match, so let's see what happens, and I think that would conclude our podcast.
Speaker 1:Let's see what happens. Bye, bye, bye, bye, bye, bye.