Behind the Shine 6/22/24

    Do you know how to protect your wealth? As Kyle highlights, the value of our dollar diminishes every day. In Pillars of Wealth, I discuss strategies to play both offense and defense with your finances—both are crucial.

    How are you safeguarding the money you’ve earned? What steps are you taking to find additional income streams? Once you’ve identified these, how are you investing and maximizing that income?

    In Spartan League, we break all of this down. We help you learn to budget better, discover ways to increase your income, and provide guidance on investing to maximize your wealth. Join us to gain the tools and knowledge you need to take control of your financial future. Email to learn more!

    Are you self-managing your STR? If so, you may have encountered this issue: difficult guests. Recently, we had a guest complain about the AC not cooling quickly enough. This property is located in a southern beach market, and during this time of year, it’s extremely hot and humid. This means the AC has to work overtime to cool the property. There’s nothing wrong with the HVAC system; it simply takes longer to cool in such conditions. Additionally, guests often leave doors open and go in and out constantly, which doesn’t help. They also tend to set the thermostat very low, thinking it will cool the place faster, which it doesn’t. This scenario often leads to a potential bad review.

    To avoid this and possibly have the review removed, you need to get ahead of the situation. In our case, the booking was through VRBO. We notified them about the guest’s complaint regarding the AC. We advised the guests not to set the thermostat too low, as it could freeze the system, and to keep the doors closed. Unfortunately, they ignored this advice and continued to leave the doors open, which we observed on our camera. We also sent out an HVAC technician who confirmed that the system was functioning properly and that the guests needed to keep the doors closed.

    If the guest leaves a bad review, it will likely be about the AC. However, VRBO will have a record of our proactive steps to address the situation. While this doesn’t guarantee the removal of a bad review, it does show that we took all necessary actions to resolve the issue, which can be beneficial in taking an ‘upstream’ approach to the situation.

    If you feel like 2024 has been a tough year to build wealth, you’re not alone. Every day, I receive countless messages and emails from people seeking the best strategies for financial success this year. That’s why I’m excited to invite you to a special training session.

    It’s time to take control of your financial future and build a fortress that will protect you and your family for years to come. Join our community of Spartans and embark on the journey to financial security in today’s economy.

    Join us on June 27th to learn what’s different this year and how to adapt. Don’t miss out on this opportunity! For more information and to connect with us, email

    Despite facing stiff competition, including an all-cash offer, Chanelle emerged victorious, getting her client’s offer accepted in their ideal neighbor of Highland Park. Through skillful negotiation, Chanelle was able to secure her clients an impressive $60,000 seller credit!

    These clients are first time home buyers and are embarking on an exciting house-hacking journey by opting for a duplex property. They plan to reside in the smaller unit while renting out the larger unit, effectively offsetting their mortgage payment by approximately $4,000 monthly. 

    If you’re looking for an agent in the Orange County or Los Angeles area, reach out to Chanelle at

    Retail sales in May rose by just 0.1% from April, falling short of economists’ expectations of a 0.2% increase, with April’s figures revised down to a 0.2% decline. This modest growth indicates a potential slowdown in consumer spending, which could lead the Federal Reserve to lower interest rates sooner than anticipated.

    Key points from the report include:

    • Online retail sales increased by 6.8% year-over-year.
    • Sales at food and drinking establishments rose by 3.8%.
    • Declines were observed in furniture, building supplies, and sporting goods stores.

    Despite consumer spending holding up, many are relying heavily on credit cards. Lower gasoline prices might provide a temporary boost. However, categories like clothing, groceries, and home improvement are struggling due to high prices.

    Employment in warehousing and transportation is increasing, signaling optimism for consumer goods demand as summer and back-to-school shopping seasons approach.

    Upcoming reports will provide further insight into the housing market, which is facing challenges due to high mortgage rates and prices. Overall, signs suggest consumers are prioritizing necessities, searching for discounts, and potentially reducing spending.

    Economic indicators such as rising consumer debt, higher loan defaults, and increased jobless claims suggest elevated interest rates are impacting the economy. Consumer confidence, as reflected in recent surveys, is also declining.

    Conventional: 7.250%

    VA: 6.625%

    FHA: 6.375%

    DSCR: 7.625%

    If you’re in the market for a loan and need assistance, our team at The One Brokerage is here to help. ​Visit our website here​ to explore our loan options and find the right financing solution for your real estate goals and email us at to speak to one of our loan officers.

    Since the pandemic, U.S. home prices have surged, with the average home price increasing by 47.1% since 2020, reaching a median sale price of $394,000. This rapid rise, along with high interest rates and insurance costs, has worsened the affordability crisis, pushing many potential buyers out of the market. Homes priced under $200,000 have become scarce, dropping from half of all sales to less than a quarter in 2023. identified the most affordable cities for homes under $200,000:

    1. Lauderdale Lakes, FL – Median list price: $149,350
    2. Lauderhill, FL – Median list price: $175,000
    3. Akron, OH – Median list price: $138,600
    4. Detroit, MI – Median list price: $90,000
    5. Rochester, NY – Median list price: $161,194
    6. Niagara Falls, NY – Median list price: $114,500
    7. Albany, GA – Median list price: $104,000
    8. Lansing, MI – Median list price: $143,950
    9. Rockford, IL – Median list price: $164,950
    10. Cleveland, OH – Median list price: $135,475

    These cities still offer a significant number of listings under $200,000, providing some options for buyers seeking affordable housing.

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