Episode 042: Robert Sedaghatpour

Introduction:


Today we have with us Robert Sedaghatpour, the principal and
managing member of STRATCO Property Group, who among the vast
array of real estate talents and skill sets he possesses, and
services his company provides to the real estate industry, is
someone who seemingly has made the classic song “Why Can’t We Be
Friends?” his business mantra. This is evidenced by STRATCO
functioning as an intermediary between property owners and
tenants by re-creating a community established on harmony,
respect, transparency and trust when it comes to navigating the
dynamics involved in managing a building, rent regulatory laws
and bridging the gap of opposing goals between a landlord and
tenant. 


 


Episode Notes:


 


At 2:35, Robert Sedaghatpour discusses the sticker shock effect
of the Housing Stability and Tenant Protection Act of 2019 (the
“Act”), and accepting this black swan event as the new reality.
At 3:46, Robert advises that one should not focus on this act
being reversed. At 4:57, Sedaghatpour describes the impact of the
new act on owners in the multifamily sector. At 7:34, he dives
into NYC’s economy, given that NYC’s budget was drafted before
the Act was enacted. At 9:41, Robert mentions that the Act has
been brewing for years, and talks about “tenant Tuesdays” in
Albany. At 14:50, Sedaghatpour touches upon the unforeseen risks
to those owners who don’t have a business plan to meaningfully
raise their rents. At 17:20, he touches upon tenant collaboration
and creating unity between landlords and tenants. At 19:26,
Robert plays a word association game with Larry Haber. At 25:09,
Sedaghatpour provides his take on whether the Act is
everlastingly sustainable. At 26:12, he suggests that there may
be a flood of deals coming back into the market with major
discounts. At 27:16, Robert talks about market timing, diligence
and underwriting. At 29:12, Sedaghatpour shares how STRATCO adds
value in a deal with its understanding of the history of business
culture, and its diligence on regulatory history and lease files.
At 30:07, he dishes on what truly gets his motor revving in
business or on a deal. At 32:09, Robert Sedaghatpour closes out
the podcast with a message on change creating
opportunities.