Real Estate Spotlight: Howard Jendlin

WHAT AREA OF REAL ESTATE IS YOUR FOCUS?
Geographically, I cover locations anywhere from from Miami Beach to Tampa and Orlando. I am best known for my work with 1031 exchanges, apartment buildings, eb-5 investor visa properties, foreign investors, hotels and motels, horse ranches, multi- family units, NNN properties, o ce buildings, self storage facilities, shopping malls, strip centers, and vacant land.

WHAT MAKES THE MARKET IN SOUTH FLORIDA UNIQUE?
South Florida’s luxury market will benefit greatly from Trump’s tax plan. High income earners in states such as New York and California (with high state income taxes) will lose their deductions against federal taxes. With NO STATE INCOME TAXES and HOMESTEAD EXEMPTIONS, many people will take advantage of this by making their primary residency in South Florida. Many investors like to invest where there are no state income taxes. According to some reports, the Euro will start coming back stronger versus the U.S. dollar, so this will make the U.S. affordable again. This will allow Europeans to buy property here for both leisure and investment purposes. Latin America also likes to invest heavily in South Florida.

WHAT ARE THE HOTTEST TRENDS IN COMMERCIAL REAL ESTATE TODAY:
Many baby boomers with long standing real estate investments are using 1031 exchanges to acquire management-free assets, like triple net properties, as they approach retirement age. Triple net assets (NNN) are popular because they provide investors with a steady stream of income over multiple years, and the tenants assume the responsibility for maintenance, insurance and property taxes.

The industrial market has also been booming, and South Florida stands to benefit more in the next couple of years. Demand is high in port-approximate markets and major population centers. A residential boom over the past few years has also boosted the office sector. The desire for multifamily and apartment properties are still a very hot market for investors in South Florida.

WHY SHOULD A POTENTIAL CLIENT CHOOSE TO WORK WITH YOU:

INSIGHT:
Capitalize on the experience I have. Gain access to timely, verified, and reliable data. Whether you’re interested in ofice, retail, industrial or multifamily, I have comprehensive coverage and analytics. I have access to full inventory of properties and spaces searchable by market and submarket, with hundreds of details on each.

INVEST WITH CONFIDENCE AND MANAGE RISK:
The analytics I use are powerful and designed to help owners and investors minimize risk and maximize returns. Covering all commercial real estate sectors, I can access property level data, including vacancy, rents, sales comps, tenants, and more, for any multifamily, office, industrial, or retail property.

UNDERWRITING REPORT:
I will generate a comprehensive report for any multifam- ily or o ce with high quality images, peer property analytics, and other features.

1031 EXCHANGES:
This can be overwhelming, especially if you don’t have a complete understanding of it. But don’t worry. I will connect you with the right people, who will walk you step by step of the process, explaining everything as you move forward, and answering all your questions until you are con dent in the process. And, I will be searching for the right properties for you during this process.

WHY DID YOU PARTNER WITH LANG REALTY?
Scott Agran had approached me over 11 years ago, to join his company. Scott (and his partner, Bill Isaacson), lead the management team and are the backbone of the company. Scott’s concept was to build a leading, world class, real estate agency that would provide guidance and support to his agents.

Unlike the larger corporate real estate companies, Scott believes that his agents are his number one asset. A key to Scott’s successful management style is his ability to nurture each agent’s entrepreneurial spirit. He believes in providing a business-minded agent with strong market tools and autonomy, which leads to success. He felt that his company needed a commercial division to handle the numerous requests that his residential agents were getting to assist their clients with commercial real estate. He wanted to continue providing full service to all his clients, and he and I felt that we would be a good match.