Ed Reynolds Advises on How to Find the Right Real Estate Agent in Reader’s Digest

August 10, 2018
Sara Russell

Read the full article

Finding the right real estate agent is critical whether you’re a home buyer or seller and Atlas broker, Eddie Reynolds has important advice on how to find the right fit.

A little creativity is required from a real estate agent. “Whether you’re a buyer or seller, there’s a huge advantage to thinking outside of the box,” says Reynolds. “Understanding when to reduce a purchase price or waive contingencies as a buyer is crucial to getting your offer accepted.”

Reynolds goes on to advise, “if you’re looking to purchase a $2 million dollar house, don’t work with an agent that primarily sells $200,000 condos. The agent needs to be experienced at buying and selling homes in your price range.” Reynolds explains that one way to do that is to tell the agent, “I am looking for a $500,000 home, how many houses in that price point did you buy or sell this year?”

Read the full article

Continue Reading

Jason Shepherd Discusses Denver’s Multifamily Outlook with Multi-Housing News

July 5, 2018
Sara Russell

Read the full article

Atlas co-founder and partner Jason Shepherd spoke with Multi-Housing News’ Keith Loria about the investment market and new development trends he’s seeing.

“In Denver, we have been flooded with new multifamily construction over the last few years. This comes on the back of five years of extremely high positive-net migration especially within the younger demographics. Recently, we’ve started to see the units getting smaller, inclusive of co-living and micro units. These new living experiences are serving the desire of the vibrant tenant mix that prefer community over privacy. The question is how sticky are these tenants? As an owner of multifamily, vacancy and turnover are two costs that have a gigantic impact on your return. Will these communal multifamily assets retain tenants for a few years, or do these new residents to a city or people transitioning from post college into their adulthood use this housing sector as a quick stop until they find something long term? Only time will tell but it’s a trend that is moving from the primary markets (LA, NYC, SF) quickly into the secondary markets like Denver.

Developers have overbuilt the multifamily asset class in Denver and I’m keeping my eye on this over the next couple years. I’m patiently waiting to see what happens to these units as 10 years of apartment supply (using our average absorption rate for this asset class) enters our market. How do these units pivot? I like the idea of repurposing to independent living for the aging community or condo conversions but only time will tell. I’m really interested to see how suburban multifamily will play out as transportation begins to change, increasing mass transit and the undeniable introduction of autonomous driving might inspire some city people to venture out to the suburbs if traffic was less of an issue.”

Read the full article

Continue Reading

Jason Shepherd Quoted in Real Estate Business Institute Piece On Listing Strategies

June 22, 2018
Sara Russell

Read the full article

Atlas Co-Founder and Partner, Jason Shepherd was recently quoted in Real Estate Business Institute’s online magazine discussing listing prices. Addressing the frequent valuation discrepancies of larger websites like Zillow, Shepherd says:

“To combat the pricing metrics of websites like Zillow or Realtor.com, it’s important to describe the shortfalls of algorithm-based valuation in real estate. The accuracy of housing value websites depends on the dataset, algorithms, and machine learning.

Artificial intelligence is only as good as the data it’s given, and with real estate, there’s not enough aggregated data for the algorithms to produce an output with a good confidence interval. It’s still very early in its data lifecycle, so it isn’t close to perfect, but it’s getting better.

The current issue with AI in real estate is the infrequency of data points. Real estate doesn’t transact as often as other forms of data-driven businesses. For example, stocks trade value every fraction of a second, and online poker bots can see hundreds of hands at a time. In these examples, the robust datasets allow a machine to learn and then determine valuation. The average homeowner buying or selling their primary residence once every seven years doesn’t allow for the most accurate valuation logic.

The even larger issue for accurate data resides in such housing variables as the interior condition, basement finish, views, whether there’s a liquor store next door, surrounding traffic, five pitbulls in the neighbor’s backyard, excessive HOA fees, and the list goes on. These variables can be so specific to a particular home that even the house next door or the house across the street might not be susceptible to these types of valuation adjustments.

These predictive valuation websites will continue to get better as a natural product of more data and information. At this time, they should be used as a starting point but never to determine list price.”

Read the full article

Continue Reading

Ryan Boykin Quoted in FierceCEO Article Discussing Company Culture, Execution, Strategy

June 21, 2018
Sara Russell

Read the full article

Atlas co-founder, Ryan Boykin, was quoted in a FierceCEO article talking about company culture, execution and strategy. Filed under Growth and Innovation, the piece focuses on what it takes to create a successful business.

“In a company, you have culture, execution and strategy,” said Ryan Boykin, co-founder of Atlas Real Estate Group, in an email exchange. “When I first started, I focused too much on strategy. I soon realized that while strategy is important, it’s not nearly as significant as execution and culture. I also make sure company culture is another main focus. Five years ago, I wish I had known that the company’s strategy would become clearer as our product was received by the market. I learned that the market will ‘speak’ to the company on what its strategy should be and how to evolve it.”

Read the full article

Continue Reading

Jennifer Reinhardt Provides Tips on Moving to Denver in Recent Closetbox Article

June 13, 2018
Sara Russell

Read the full article

In “10 Things to know before moving to Denver,” Atlas Associate Broker, Jennifer Reinhardt, gives advice on adjusting to Denver’s high altitude, local entrepreneur culture, cost of living, food/beer appreciation and more:

“Know that we love to work out,” says Jennifer Reinhardt, an associate broker with Atlas Real Estate Group. “There are people running and biking all over the city. We love to plan hikes and stair climbs. We have Red Rocks Amphitheatre, not just for concerts, but for running up and down the stairs and hiking in the mornings.” But, first, she suggests, adjust to the elevation. You’re going to feel winded quick, even if you are in great shape. To get in on the fun, try renting a bike from B-Cycle, the city’s bikeshare that has stations throughout downtown, and explore the city on two wheels.

Denver isn’t all brawn; lots of brainpower is here, too, and entrepreneurship is celebrated. “Denver is full of small business owners and start-up companies,” Reinhardt says. “There is a culture to network, share workspace and grow a company. We have a strong, robust economy.” In fact, Closetbox is based in Colorado and was started by a Denver entrepreneur.

Read the full article

 

Continue Reading

Atlas Real Estate Group Named Finalist for Small Business Awards by Denver Business Journal

June 4, 2018
Sara Russell

Atlas Real Estate Group has been named a top 5 finalist in the “medium/21-30 employees” category for the 2018 Small Business Awards by Denver Business Journal.

This year’s group of 113 nominees consist of a wide range of locally based small businesses with 100 or fewer employees. The Small Business Awards finalists were selected based on a number of factors, including financial performance, historical achievements, contributions to industry, contributions to the local economy and potential to shape metro Denver’s business community.

“This year more than ever, the companies involved in this competition were outstanding – truly a tremendous group of finalists,” said Atlas Co-Founder and Partner, Ryan Boykin. “I want to congratulate the award winner in our category, TRIO Environments, for their remarkable efforts to make Denver a more beautiful and equitable place to work and live,” acclaimed Boykin.

Read the full Press Release

Read the Denver Business Journal Special Report: 2018 Small Business Awards

Mike Hills, Nick Hodapp and Nick Mertens of Atlas Real Estate Group celebrate being recognized as finalist by Denver Business Journal’s Small Business Awards at DBJ’s event party, May 24, 2018.

Continue Reading

WORKING RELATIONSHIP OF RYAN BOYKIN AND MOM, JOAN BOYKIN, FEATURED IN REAL ESTATE EXPRESS ARTICLE

May 24, 2018
Sara Russell

Read the full article

Ryan Boykin and Mom Joan Boykin Atlas Real EstateAtlas Founder and Partner Ryan Boykin and his mother, Joan Boykin have been featured in Real Estate Express’ “Mother-Child Duos Proving a Family Business in Real Estate Works.” Just in time for Mother’s Day, the article highlighted the pros and cons of a parent/child working relationship and provided sound advice on how to ensure it is a success.

Pros of working together: “This is one category of my business that I don’t need to micromanage,” said Ryan Boykin. “The trust that comes from someone who is a family member and looking out for your best interest — they might have different decision-making outcomes but you know that the place the decision is coming from is pure and true.”

Joan Boykin shared similar feelings, “Working with each other gives us an ironclad assurance that I have his back at all times and he has my back at all times. It not only solidifies your working bond but your familial bond.”

Challenges: “I don’t approve of swearing,” said Joan Boykin about her son’s tendency to become passionate when he’s working hard on a project. “When I’m in operation mode and I’m in my place really needing to go out and execute and take care of things, I tend to be brief,” said Ryan Boykin.

While mom might not always like the way her son handles his passion, they’ve turned the challenge into an opportunity to provide two-way feedback. “I think when you’re the owner of a business, very few people are willing to give you feedback,” said Joan Boykin, “but I think that a parent can do it in a really constructive manner.”

Read the full article

Continue Reading

Ryan Boykin Discusses the 1 Trendy Solution to Millennial Homeownership Issues in Realty Times Article

Read the full article here

In his latest piece for Realty Times, Atlas Co-Founder and Owner Ryan Boykin discusses the 1 trendy solution to millennial homeownership problems—a rent with right to purchase (RTP) or rent to own (RTO) program.

“Millennials were the largest group of U.S. home buyers in 2016, according to Zillow Group Report. Nevertheless, they still lag behind previous generations by about three years in the age at which they are becoming first-time homeowners.

The solution for many aspiring homeowners, of any age, is renting. For example, even if they have enough for a down payment, 62 percent of millennials shop for a rental while looking to buy a home, according to a survey cited on CNBC. However, deciding to keep renting does not get them closer to their goal of purchasing their own residence.

Instead of just renting to buy time until inventory improves or building a down payment fund, prospective homeowners may want to consider a rent-to-own (RTO) option.

These agreements can be excellent alternatives for those who want to get into a home but are not financially ready to become homeowners. This helps them lock in the home they would like, improve credit worthiness and, with a percentage of rent going toward the purchase price, build some equity in “their future home.”

Read the full article here

Interested in renting to own? Learn more about Atlas’ Rent with the Right to Purchase Program.

Continue Reading

Atlas Named Best Property Management Company in Colorado for Second Year

May 3, 2018
Sara Russell

The tallies are in and Atlas Real Estate Group has been named Best of Colorado Property Management for the second consecutive year by ColoradoBiz Magazine. This recognition comes as part of the fourth annual Best of Colorado Business Choice Awards. Among 80+ categories, almost 20,000 readers voted for their favorite Colorado businesses, from best coffee shop to best place to mountain bike, best financial firm to best attraction.

For the fourth year in a row, voting was conducted by Data Joe over several months.

“Our remarkable growth over the past decade has been fueled by our committed, client-focused team,” said Partner/Co-Founder, Jason Shepherd. “I’m sincerely grateful to be surrounded by skilled and passionate professionals who make recognition like this possible.”

Read the full press release

See the complete Best of Colorado publication (note, Atlas is featured on page 30)

Continue Reading

Jordan Terrell Talks Authenticity in The Close Article

April 15, 2018
Sara Russell

Atlas Associate Broker, Jordan Terrell, weighed in on “What Millennials Really Want From a Realtor.” The article from The Close talked to 11 top producing agents from across the country, asking them for tips on how to work with the highly talked about generation.

Terrell says, “Millennials don’t need you to tell them if you are “awesome or not” they can google that. Rather, they want to know whether or not they can trust you and whether you can give them the product they want and expect. Because they are skeptical, they are the most “marketed to” generation in history. So, the best way to really reach them is to be very loud digitally and very authentic relationally.

What that means is, they’ll expect you to be on (and active on) social media, but you should offer your presentation in a very real and authentic way. Meaning you don’t have to make it a production. There is a reason why some YouTube celebrities who film everything on their iPhones have millions of subscribers. Be authentic and let the world know what you care about and what kind of value you are capable of providing.”

Read the full article

Continue Reading