PDX Real Estate EP156: Rebuilding a Real Estate Business in a New Market—with Tucker Merrihew

The Portland Real Estate Podcast

In 2015, Tucker Merrihew got the idea for The Portland Real Estate Podcast. And he cohosted the show for seven years.

But in 2022, Tucker left the Pacific Northwest for the sun and sand of southwest Florida.

What has he been up to since then? How does Naples, Florida, differ from Tucker’s old stomping grounds in Lake Oswego? What does it look like to rebuild a real estate business in a new market?

On this episode of The Portland Real Estate Podcast, your hosts Joe Fustolo and Steve Nassar catch up with Tucker, discussing how he rebuilt TTM Development Company after the move and what it’s like to operate a home building company and hospitality business in the State of Florida.

Tucker, Steve and Joe consider what the Fed announcement around rate cuts in 2024 means for the market and predict how the NAR lawsuit might (or might not) change the landscape of real estate.

Listen in for insight into the recent transition of ownership in Steve’s company and enjoy a highlight reel of the high-value guests who appeared on the podcast in 2023!

Key Takeaways

How The Portland Real Estate Podcast has evolved since Tucker came up with the idea in 2015

The synergy between the podcast and Joe’s Masters in Real Estate Facebook Group

What inspired Tucker’s move from Oregon to Florida and how Naples differs from Lake Oswego

The success of Tucker’s hospitality business (and why it’s easier to operate STRs in Florida)

How Tucker rebuilt his home building business in Florida and documented the process

How codes requirements and insurance differ in Florida to accommodate potential hurricanes

Tucker’s experience living through Hurricane Ian and how long it takes to rebuild afterward

The recent Fed announcement re: rate cuts in 2024 and what that means for the real estate market

The psychological impact of rising interest rates on the real estate market

How the transition of ownership in Steve’s company followed its operating agreement

How the NAR lawsuit is likely to change the landscape of buyer’s agent compensation in real estate

An overview of the high-value guests we’ve interviewed on the podcast in 2023

The purpose we serve in uniting the real estate industry through the podcast and Facebook group

Connect with Tucker

TTM Development Company

The Journey Podcast

Tucker on LinkedIn

Connect with Joe

Soldera Properties

Joe on LinkedIn

Connect with Steve

Steve’s Team at Premiere Property Group

Steve on LinkedIn

Resources

Masters in Real Estate Facebook Group

Sitzer v. NAR

2023 Episodes of the Portland Real Estate Podcast