Thought Leadership

Close Your Social Media Accounts (Unless You Care About Your Business)

I really hated social media.

Not hated, loathed.


I think some people post too much.

I think some people post the wrong content.

I think some people post content that doesn’t relate to me, so why do I have to see it?


Then I realized that I sounded like a hater.


These people were sharing their thoughts and interests in a very vulnerable way with the world. Just because I wasn’t necessarily comfortable didn’t mean it wasn’t a viable option.


Then my hatred of social media lost me a deal. I didn’t get my dream listing because another agent was on Instagram when I wasn’t. This agent has an established brand across social – I didn’t. Despite me being a more “experienced” agent, this event proves that a client’s trust is all based on perception.


The good news? We have the ability to dramatically influence that perception.


This setback encouraged me to take the leap. I started supplementing my cold calls with social media posts. Diving deeper into the total reach of what these platforms are able to do for my marketing, branding, and business overall.


Think about this: If I go to a networking event, a few people ask "So, Mr. Advisor -- How's The Market?"

I then follow up, and hopefully, that person found value in our interaction, and they share my contact info with another person. This is the core of referral marketing.


OR


I take one night a week to write an article about myself, my views, my hobbies, the market, or my interests and garner 3,000 engagements within the week.


Fourteen articles later, tens of thousands of impressions later, I have grown my network and have significantly better conversations with current and potential clients about things other than just real estate.


Once I started to see this work on LinkedIn, I added Instagram and Facebook into my rotation. In the last year, over 120,000 people have seen a post by me. That's crazy.


This method does not erase the traditional cold call.


But, times are changing, and I realized that I needed additional avenues to market myself. This method just allows me to show I am a human first, and an agent second.

Human Connection – it’s ultimately the most important thing.

‍

You may also be interested in
How Much Is My Apartment Building Worth in Richmond, Virginia Right Now?

# How Much Is My Apartment Building Worth in Richmond, Virginia Right Now? Right now, Richmond multifamily assets are trading at roughly a 6.2% to 6.4% market cap rate, with recent closed deals ranging from 5.7% on newer Class A product to 6.9% on older 3-Star assets. If your property is generating $500,000 in NOI, that spread is the difference between a $7.2M and an $8.8M valuation — so your actual number depends far more on your asset's class and vintage than on any single "Richmond cap rate" headline. ## Why cap rates vary so much right now Richmond's 4 & 5 Star assets are trading tighter — averaging around 6.0% to 6.2% year-to-date on completed deals — while 3-Star product has traded between 5.3% and 6.7% over the past year, and 1 & 2-Star assets have landed closer to 6.9% to 7.4%. Two comparable-sized properties across town from each other can price a full point apart in cap rate purely because of build quality and unit mix, not location. ## What's actually driving Richmond pricing in 2026 Three things matter more right now than the market-average cap rate: - **Rent growth has stalled.** Asking rents in Richmond rose just 0.9% over the past year — well below the market's 10-year average of 3.7%, as the market digests a wave of new deliveries. That directly caps how aggressive a buyer can underwrite your rent bumps. - **Vacancy is elevated and rising.** Richmond's vacancy rate sits at 8.3%, above the market's historical average of 7.4%, with 4,700 units still under construction (a 4.3% expansion of inventory). Vacancy is expected to tick up further in the second half of 2026 before easing in 2027. - **Transaction volume is thin but pricing is holding.** Only 46 market-rate deals closed in Richmond over the past 12 months, well below the 10-year average of 58, yet dollar volume ($835 million) is actually in line with historical norms — meaning buyers are still paying full pricing for the right assets, they're just being far more selective. ## The variable that changes everything: absorption in your submarket Demand has been heavily concentrated — Western Henrico County, Midlothian, and Downtown Richmond have captured most of the market's net absorption, while other submarkets have seen far less renter demand. Downtown Richmond and the West End currently carry the highest vacancy in the market because of abundant recent completions. If your property sits in one of the in-demand submarkets, you can defend a tighter cap rate than the market average; if it's competing against a wave of new lease-up product nearby, buyers will price in that competition regardless of your own occupancy today. ## The takeaway Your property's value isn't Richmond's average cap rate — it's your specific NOI, divided by the cap rate that matches your building's class and your submarket's supply pipeline, and getting that second number right is where a broker earns their fee. ## What to bring me If you own a 50-400 unit property in Richmond and want an honest read on where it sits in today's range, send me your trailing 12-month operating statement, rent roll, and unit mix. I'll come back with a real number, not a market-average guess. #RichmondMultifamily #VirginiaCommercialRealEstate #ApartmentInvesting

Free Downloads
Fill out the form below and get immediate access to valuable resources!
Thank you for your interest!

Please copy the password below and follow the link.

View Resources
Oops! Something went wrong while submitting the form.