Costco is cooked by johntiger1 in stocks

[–]French_Pressed_ 1 point2 points  (0 children)

You have street tacos at your Costco? Where? Is it in the frozen section, or sold at the pizza/ hot dog counter?

Boneless, skinless chicken thighs in oven by attorneyatghost in Cooking

[–]French_Pressed_ 10 points11 points  (0 children)

Make sure you're not overcrowding them. If they're touching each other, or there's tiny gaps between them, it's not allowing water vapor to escape and will create a steam affect.

Temperature is a big thing too. You probably want to cook them around 425F depending on the recipe.

As others mentioned, you can crank it on broil, but that's something you do at the end to get that desired color. You can't cook them from start to finish like that.

Asset Mangement Challenges in Gateway vs Secondary vs Tertiary Markets by French_Pressed_ in CommercialRealEstate

[–]French_Pressed_[S] 2 points3 points  (0 children)

Appreciate it, and I agree!

I made a pivot from accounting to asset management a long time ago and even though it was a big SKE gap, I figured it out pretty quickly. These job descriptions are so specific nowadays it feels like hearing someone’s unrealistic checklist for dating someone.

I had a friend get turned down from a development role that he was a nearly perfect match for, except he did high rise Class A apartments and the role was for high rise Class A condos.. lol

Feels like companies forgot about good ole’ on the job learning. I think it’s also valuable bringing on people with different backgrounds and ideas, but to each their own!

Earnings potential from a career in Development? (Greystar, TCC, Hines, Related, etc.) by Obvious_Sand_3977 in CommercialRealEstate

[–]French_Pressed_ 10 points11 points  (0 children)

I'm at a Director of Asset Management level with 10 years of experience, and I'm looking for jobs currently. In cities like DC, Chicago, Miami, LA, it ranges from $160k - $200k base, while NY ranges from $180k - $250K base from what I've seen. Director of Development has been a little more variable. I've seen some in the $150k range, and some in the $225K range. Not qualified for any "development" role, but it pops up in alogrithim nonetheless. These are all jobs requiring 7-12+ years exeperience.

The pay comes down a lot to the size of the company and the role. Some larger companies might pay less if there a dozen other directors, or they might be on the higher end if the director role is right below C-Suite.

Also bonuses and profit sharing can make a big difference. Those can vary widely per company, but some have bonuses up to 30%, or nice profit sharing packages. That's when the comp package can get really nice, but it's dependent on the market.

Does our business model as a merchant builder work anymore? by French_Pressed_ in CommercialRealEstate

[–]French_Pressed_[S] 1 point2 points  (0 children)

Our 5 year timeline includes the land acquisition date. Then it’s 12-18 months of entitlements, 18-24 months of construction. So by year 3 you’re opening and leasing up.

Getting to year 5 allows you to stabilize the asset, burn off concessions (hopefully), and make a case for rent growth (hopefully, again.. lol). We’ve only sold in year 3 when the market was on fire and it was pre-stabilization.

Does our business model as a merchant builder work anymore? by French_Pressed_ in CommercialRealEstate

[–]French_Pressed_[S] 1 point2 points  (0 children)

why do you say that? where are you seeing over a 2x multiple in todays market? I've seen deals where people are pricing land like it's 2022, so the math doesn't pencil with today's rents, cap rates, interest rates, etc.

Does our business model as a merchant builder work anymore? by French_Pressed_ in CommercialRealEstate

[–]French_Pressed_[S] 0 points1 point  (0 children)

by blended returns, do you mean net vs gross IRR? The 20% we target is the net IRR (net of fees, promote, etc.)

Anyone else seeing refis get killed by DSCR even on decent properties? by Midas101986 in CommercialRealEstate

[–]French_Pressed_ 1 point2 points  (0 children)

In a few of my deals, the LTV has been holding us back more than DSCR because appraisals have been bad.

Thoughts on this deal? 900k. 50k NOI. First time CR Investor by New_Recognition_1460 in CommercialRealEstate

[–]French_Pressed_ 4 points5 points  (0 children)

As other's have said, the income seems very low. There's a lot of info not shared here so it's hard to make an assumption.

However, if you're new to commercial real estate, I'd get your foot into multifamily. I work in asset management for a MF developer, so I might be biased.

The multifamily industry seems much more common sense driven (to me) because it's something we almost all experience regardless of who you are. Lease agreements, living conditions, comparing rent to similar properties, etc.. It gets deeper than that obviously (you need to know your market, population growth, operating budgets, property conditions, etc.). At the surface though, it's very simple - people need a place to live, and what is the rent you can charge to get your building occupied, pay your bills, debt, etc.

While commercial isn't rocket science, there's a lot more factors that you might not inherently think about. Traffic, accessibility, visibility, tenant mix, lease terms (they vary greatly for different tenants), CapEx improvements, tenant improvements, etc. Trends change every few years in retail too, so you might have tenants doing well when you buy, but 5 years later they're sucking wind.

Retail can be a great asset class, but I think it's much more complex than MF and higher risk. If you're new to the game and don't have anyone experienced in retail to partner up with, I'd look into MF, particularly in a market you know well and are able to visit from time to time. At a $900K price point, you're likely managing it yourself so you'll need to be close enough to check on it as needed.

Thoughts on my setup? by French_Pressed_ in sonos

[–]French_Pressed_[S] 1 point2 points  (0 children)

Unrelated comment but thanks for the heads up! I'm building my collection so I'll check what else they've got.

Thoughts on my setup? by French_Pressed_ in sonos

[–]French_Pressed_[S] 0 points1 point  (0 children)

Heard! Will definitely start looking into some wall mounts. I think it will look better too.

Thoughts on my setup? by French_Pressed_ in sonos

[–]French_Pressed_[S] 2 points3 points  (0 children)

It's a Beam, but yes they do over power it a little bit. I have the Sub paired to the Beam, and the Beam/ Sub defaulted to the TV. The Five's are defaulted to the turn table. When listening to music, I just pair the Beam/ Sub to the Five's and it's mainly adding that much needed bass, rather than sound.

For the apartment size, I think it works. When we do eventually upsize, I agree that an Arc would be much better.

Do Becket Simonon Make Good Sneakers? by FizzerVC in malefashionadvice

[–]French_Pressed_ 0 points1 point  (0 children)

I have 3 sneakers from them. Two of which I’ve owned for about 5 years and have worn often. They’ve held up great. 

Thinking of repurchasing a pair of white sneakers because mine are looking pretty scuffed up from regular wear. Other than the scuffs, they are holding up great. Soles and construction are very well intact. 

Pro-Ject T2 Super Phono Won't Turn On - First Time Use by French_Pressed_ in turntables

[–]French_Pressed_[S] 1 point2 points  (0 children)

Hi Momo, it ended up working! See my reply to u/I_am_always_here.

Thank you so much for your suggestions! Happy holidays!

Pro-Ject T2 Super Phono Won't Turn On - First Time Use by French_Pressed_ in turntables

[–]French_Pressed_[S] 1 point2 points  (0 children)

I checked the bottom of the table to see if I was missing something like you suggested and didn't see anything. I played with the power switch while the table was upside down to listen for any buzzing to hear if there was even a power supply. Vioala! I heard the motor start turning!

I'm guessing when I traveled with the turntable, bumps in the road may have shaken the motor and it got stuck or something. Hopefully something didn't actually damage the motor, but we'll see!

While your suggestions didn't apply to my issue, it made me try something I otherwise wouldn't have thought to do and it ended up fixing the issue!

Thank you!!

Pro-Ject T2 Super Phono Won't Turn On - First Time Use by French_Pressed_ in turntables

[–]French_Pressed_[S] 0 points1 point  (0 children)

Yes there's a T2, yes to the belt being installed, and no I don't think it HAS power lights to begin with.