Impact of the tariffs on real estate

[Monica Chan]

I want to get everyone's thoughts on the tariffs and how it will or has affected real estate investing.  (Just to clarify, I would like to steer clear of any political discussions or discussions on pros/cons of the tariffs.)  The most direct impact that comes to mind is the cost of materials or the cost of rehab/repair when assessing properties.  I have had a general contractor tell me that their subcontractors are quoting them substantially more for materials, e.g., increased per sq foot cost on flooring. Have others had similar experiences lately? And how can real estate investors best account for this going forward when assessing properties?