Reclaiming the Real Estate Investors’ Market

The Same Day Podcast

Kathy Portley is the President of the Tulsa Real Estate Investors Association (REIA), a premier networking group for real estate investors in Oklahoma. As a licensed real estate agent and investor, she also works with eXp Realty, where she represents traditional consumers and investors in real estate transactions. With almost two decades of experience in the real estate industry, Kathy is a trusted coach and mentor, helping investors achieve their goals.

In this episode…

As the real estate market surges, institutionalized and corporate buyers purchase homes above the market rate in affordable cities like Tulsa, Oklahoma. This creates an opportunity for out-of-state investors to redefine affordable and workforce housing criteria, creating disparaged communities. How can you incentivize local investors to rebuild the market?

According to real estate coach Kathy Portley, institutional buyers drive out local investors and landlords by paying inflated prices for real estate in cities like Tulsa. Over time, this practice can dramatically increase the property costs for traditional and local investors and make homes less affordable, causing them to raise rental rates. With rent going up, tenants may be forced into deferring payment. As a result, investors find it hard to afford to keep the property, so they sell to the highest bidder — the institutional buyer. This cylindrical cycle continues to escalate the market and affect affordable housing availability. Real estate investor networks like Tulsa REIA clarify notions of affordable housing by educating the market on tenant retaliation laws and landlord rights. Kathy also recommends instructing local investors and homeowners on the consequences of selling properties to corporate investors.

In this episode of The Same Day Podcast, Kathy Portley, the President of Tulsa REIA, joins Mat Zalk to educate investors on the local housing market. Kathy explains her vision for scaling Tulsa REIA, the barriers to local real estate investing, and Tulsa REIA’s resources for new investors.