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

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

Nick Hodapp Advice Featured in US News Home Renovation Article

Read the Full Article Here

Atlas Broker, Nick Hodapp, was recently featured in US News’ article, 7 Home Renovations to Consider for 2018.

At the top of the list:

1. Additional finished floor space. The hot housing market in Denver has translated to low inventory and a higher price per square foot for homes in the metro area, Hodapp says. Similar market conditions exist elsewhere in the country, too.

That means homeowners who might be selling soon should consider adding finished floor space to their homes. “Anything from finishing the [entire] basement to adding an egress window for a basement bedroom” will help boost the value of a home, Hodapp says. In Denver, that amount averages out to $341 per square foot, according to the real estate website Trulia.

Read the complete article to hear more from Nick and other experts on what renovations would provide the greatest benefit.

Read the Full Article Here

Continue Reading

Jason Shepherd Quoted in The Close Article about Bitcoin

Read the Full Article Here

Comments from Atlas Co-Founder and Partner, Jason Shepherd, can be found in the latest article from The Close. “How to Explain Bitcoin to Your Clients without Sounding Like a Dinosaur,” addresses the basics of bitcoin in relation to the real estate industry.

Addressing the underlying technology and its impact on real estate, Shepherd says, “It is important to separate the cryptocurrency from the underlying blockchain technology when discussing real estate disruption…The disruption in real estate will come from the blockchain technology (distributed ledger) and smart contracts like those found on the Ethereum platform.”

Read the Full Article Here

Continue Reading

Ryan Boykin Highlights Reasons to Invest in Real Estate Versus Stocks in New Investopedia Article

Read the full article here

In his latest piece as contributing writer for Investopedia, Atlas Co-Founder and Owner Ryan Boykin discusses the reasons to invest in real estate versus stocks.

“Real estate investments offer an alternative to the stock market and under the right circumstances, they are lower risk, yield better returns and offer greater diversification. A decade ago, approximately two-thirds of American adults had money in the stock market but, due to the Great Recession, American’s sense of job security, financial confidence and their means to invest were threatened, taking a major toll on the willingness to invest…

Today, approximately 15% of Americans have invested in real estate outside of their primary residence. While more people own stocks or mutual funds, the reality is that 80% of stocks in the country are held by 10% of the population. Many advisors may find it useful to discuss the options of both the stock market and the real estate market with their clients who are ready to invest.”

Read the full article here

Continue Reading