Rob Bergeron interviews Donnie Adkins, who talks about making the move from the corporate world into life as a full-time real estate investor and landlord here in Louisville.

Parliamentarian Michelle Rawn announced these results from KREIA's election, which concluded at 7 p.m. on June 25th, during our main meeting on rehabbing:

Officers. Chris McCarty President; John Jones Vice President; Erik Hitzelberger Secretary; Mike Grinnan Treasurer; Wally Kallbreier Treasurer Elect.

Board members. 2 year board members: Lauren Willoughby; George Foree; Rob Bergeron; Jordan Pohn; Stacey Duvall; and Christopher Jaquith; 1 year board member Alexis Fentress

Dave Lockard, Senior Vice President of CBRE, out of Cincinnati, gives us a market update for multifamily for the first half of 2020.

Also, National REIA officials give us a look at COVID-19 resources and information affecting real estate investors.

Watch the 53-minute video update on National REIA's YouTube channel.

Dear KREIA Members and Friends,

Please excuse the silence up to this point in regard to the current state of civil unrest in our city and nation. Like many, I haven't known what to do, but as a leader, I must speak out.

The latest racist events in our country and even here in Louisville have left me heartbroken, confused and angry yet again. The senseless killings of George Floyd, Breonna Taylor and Ahmaud Arbery have reminded us all of the inequality and injustice in this country and this city. It is frightening and unacceptable that these inequalities have persisted for so long. It's time for change.

Let me be clear: KREIA doesn't tolerate racism or violence against Black people, and we demand inclusivity in all areas including Real Estate Investing. While I don't have all the answers right now, I am committed to being part of the long-term solution to combat the negative effects of systematic racism within our circle of impact here at KREIA.

While there will be much more action to come, we will begin by:

• Creating a series of programs to educate, raise awareness and break the patterns of systematic racism in Metro Louisville Real Estate
• Updating our Bylaws to include a strong statement of inclusivity and intolerance to racism and discrimination of any kind
• Initiating a Scholarship fund to pay membership fees for first year minority Real Estate Investors as we help promote inclusivity in the organization Read More...

Money is still available in the Payroll Protection Program and you have until June 30 to apply, advised Kevin Coughlin of Lexington Companies during the June 5 National REIA COVID-19 Update. If you've already applied and are now looking into how you can get as much loan forgiveness as possible, rules and requirements have changed recently in favor of business borrowers.

Charles Tassell advises caution as eviction courts reopen so that you don't run afoul of rules that apply to rentals that benefit from some sort of subsidy: Re-examine your loans to make sure you're following rules on when evictions can be filed and late fees charged.

Tyler Johnston of IDI demoed his company's skip-tracing service and gave REIA members a special URL to use for a 50% discount on their service.

NREIA Executive Director Rebecca McLean offered a national market update discussing trends.

Rob Bergeron interviews KREIA Immediate Past President Eric George (aka "IPP") to find out how he started investing in real estate and what led him to specialize in student rentals.

Eric reveals that currently he and his wife, Christina, are focusing on investing in self-storage. He offers some tips on evaluating markets for that investment class, and also he names his mentor.

Rob Bergeron invites KREIA President Chris McCarty and Vice President John Jones to sum up our May 28th meeting, in which marketing expert Sharon Vornholt offered 12 ways to find off-market deals. John gave a testimonial revealing that much of his marketing efforts are based on Sharon's teachings. Chris offered some lessons he learned from the 2008 downturn and compared the situation to what investors face now with COVID-19. Lots of golden nuggets here!

Here's the members-only video replay of the April 23rd main meeting -- KREIA's first ever virtual main meeting: The State of Kentuckiana Real Estate. 

We invited seven experts to research and present a topic relevant to Kentuckiana real estate investors in the wake of COVID-19:

• Attorney Michelle Rawn gave us the legislative update on the courts reopening
• Real estate agent Rob Bergeron looked at stats on home sales, both locally and nationally
• Lender Jordan Pohn discussed banks' changing lending requirements
• Property manager Erik Hitzelberger gave us the outlook for landlords
• Wholesaler Hampton Scurlock explored challenges facing home buyers and sellers
• Rehabber Frank Miller gave us a market perspective from a fix-and-flipper
• Airbnb host Luke Neubauer described the hard hit suffered by short term rental managers

This edited video replay includes the early meeting slideshow.

What does the immediate future hold for the real estate industry? Home prices and demand are fairly stable for now, but will that change? Rob Bergeron invites Mike Fallot of MM Lending -- a fix-and-flip private money lender for the Louisville, Cincinnati and Indianapolis markets -- to analyze data and predict what's coming down the pike.

 Did you miss National REIA's May 22 video call? Catch the replay for updates on COVID-19 relief packages and a look at tech tools for virtual leasing and showings. There's also a Home Depot tutorial.

Remember that NREIA is holding these video calls every other week instead of weekly. The next call is scheduled for June 5.