Commercial Real Estate Pro Network

Commercial Real Estate Pro Network
Commercial Real Estate Pro Network

Commercial Real Estate Professionals who work with Investors, Buyers and Sellers of Commercial Real Estate. We discuss today's opportunities, problems & solutions in Commercial Real Estate.

  1. 17H AGO

    BIGGEST RISK with Tilden Moschetti

    J Darrin Gross I'd like to ask you Tilden Moschetti, what is the BIGGEST RISK?   Tilden Moschetti I'd say that it's lack of communication. So and that's which is unfortunate because it's also the easiest to fix, right? So lack of communication will lead to failure to identify risks, whether it's, you know, the kind of risks we think about in in the insurance game, like, you know, fire and hazard risk, right? We know those things are there, but communicating with your property manager, communicating with your tenants, communicating with those kind of people, can all help identify, hey, yeah. And by the way, the sprinklers never work when we do the testing, or  whatever those those things are that can help reduce that risk. But certainly in my world, things go bad when you don't talk to people. So if I could have the best deal in the world, send people their regular checks, but all I'm doing is sending them money, and if it just looks like a black hole, then investors are always going to be thinking, there's something wrong, you know, I don't I don't have any kind of transparency. I don't understand what's going on. Maybe this guy is ripping me off where it could be completely not true. But if I don't communicate, there's no way that they can ever know. And so I'd say, you. By far, almost every risk kind of boils down to that lack of communication, or at least communicating a lot, and really kind of understanding and listening and talking and kind of figuring out what's going on on any kind of asset is going to, at the very least, you know, reduce that risk, or help you identify it, or help mitigate it in some manner.   https://www.moschettilaw.com/

    3 min
  2. APR 22

    BIGGEST RISK with Rich Lee

    J Darrin Gross I'd like to ask you Rich Lee, what is the BIGGEST RISK?   Rich Lee I'll answer that kind of in like two parts really quickly, right? The first is, I think, you know, in the real estate industry, and actually in business in general, I think the biggest risk, you know, in a lot of just kind of business dealings is the relationship, right, and and maintaining good relationships, whether it's with an existing, you know, Counterparty, or, you know, a future counterparty or a former Counterparty. Relationships are everything you know. And so all the things you do right to mitigate that you know both before, and then, of course, you know during a relationship. And then, God forbid, you know if something sours in that relationship, I think that's, you know, it's critical. And something that I think is is often overlooked for us as a business, right? The thing that I will think about all the time, and that we obsess about is, you know, frankly, and it's, it's still related to the relationship, it's the user experience, you know, both on the platform, you know, on our actual technology platform, but also just the experience overall, and the experience for all the people that would be involved in in, you know, in a dispute on our on our platform, which is both, you know, the plaintiff, the defendant, the two sides who are actually in a disagreement, their lawyers, Right? So that's two more parties, and then the arbitrators and mediators themselves, you know, and their experience, you know, administering and adjudicating a case on our platform. And so it's something that we obsess over a lot in terms of, you know, both the people we hire, you know, finding the best people who are smart, bias towards action empathetic, right? So even your interactions with us are positive. And then, of course, everything, every product we design, every feature we add, every additional process we create, even every new rule or any rule change we make right to to our arbitration rules, always with that kind of end user in mind, and like what the experience is going to be. And, of course, fairness above all else. https://www.neweraadr.com/ rich.lee@neweraadr.com

    2 min
  3. APR 15

    BIGGEST RISK with Kelly Stratton

    J Darrin Gross I like, to ask my guests if they can look at their own situation. Could be your clients, the economy, you know, whatever it is that you, you identify and consider to be the BIGGEST RISK?   Kelly Stratton Yeah. And when you ask, like, the first thing that pops in my head, because I, you know, as the chief product officer, and I kind of help drive like, what is our product going to be, you know, today, versus, you know, six months from now, a year from now, and you know, we have a really strong feedback loop with our users, and they have a mandate for us about, how can we make a difference in their work lives and in their work product? And both those things are really important to me, because this is a bit like our platform, is a space they spend a lot of time in. And, you know, so, so you have that, but then you also have this, this powerful energy around AI, and how do we incorporate that intelligently and effectively into our product? And again, the mandate from our customers is, you know, is pretty specific. They want to be able to access their past experience. They want to be able to interact with their and harvest their intellectual property, and it that that you know, you know, again, I use the phrase institutionalize that knowledge that's really important to them. You know, in the past, it's just, you know, write the report and put it in the file folder, and then it's on to the next one. But there's an awakening around this, like, hey, no, this isn't just an archive this that that we never look at again. How can we use this as a tool to make train our team and improve our reports and our process going forward? So I think just getting creating products where we give them access to their content, smart, yeah, powered searching, and we, we don't step outside of that too much, right? That we give them kind of the the access to their historical information, that that can really make a difference, and we deliver on it. So I think for me, is continuing to keep purpose built as our North Star, and we introduce risk if we spread ourselves too thin and are not incorporating kind of that feedback with our customer for things that they want, and then the things that we know how our product makes a big difference in how AI kind of supports both of those things. So. That's how I'd say that risk is getting AI right for our customers, helping lead them away being lead the way for them, being their innovation partner, and not spreading ourselves too thin. https://openquire.com/ Kellys@openquire.com

    3 min
  4. APR 8

    BIGGEST RISK with Steve Austin

    J Darrin Gross  I'd like to ask you, Steve Austin, what is the BIGGEST RISK?   Steve Austin That's a good question, I think right now for specifically for us, there's a tremendous uncertainty around the future tax policy. There's a lot of talk about, you know, closing the IRS and putting in tariffs, and so there's a lot of speculation and and stuff swirling around right now. So I think that presents a significant risk to us, but, but just, you know, kind of getting away from, you know, the regulatory risk, you know, I think, for for anybody who's out there in business, in in particular, raising investor capital right now, the, I think the biggest risk is, is just, you know, are you able to build a repeatable, scalable process in your business, you know? So for us, that's, you know, how do we source deals? How do we underwrite deals? How do we close deals, you know, what? What are the right structures for the deals, you know, and kind of systematizing that is, is kind of my view of risk mitigation from from a business perspective, because, you know, at the end of the day, investors, you know, they have a lot of options with their money, and you know what, what you're asking them to do is to trust that you have the right process to consistently, you know, generate. Returns. And you know, my answer to that is often risk management. You know, to your point, you know you can, you can avoid a lot of risk just by being cautious in, you know, not using a lot of leverage and debt and things like that. So, you know, we while, while taxes are a component of what we do, you know, we're also trying to generate returns, you know, without a lot of risk. You know, a lot of lot of folks refer to that as risk adjusted returns, right? And you know, so when you're buying buildings debt free, it certainly gives you a much wider, you know, birth to operate in, in my opinion, https://www.revitalizationunlimited.com/

    2 min
4.8
out of 5
26 Ratings

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Commercial Real Estate Professionals who work with Investors, Buyers and Sellers of Commercial Real Estate. We discuss today's opportunities, problems & solutions in Commercial Real Estate.

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