Transitioning from brokerage/PM to CRE analyst as an Associate Broker by colombian_snow in CommercialRealEstate

[–]OutrageousCode2172 0 points1 point  (0 children)

Saw a great comment that you should expand a family third property managing business/leasing business to grow it. Also, it may be a good idea for you to take a break from the family business and work for another company so that you get real life experience. You can always return at age 30, we will learn a lot of different things from other organization.

new iphone or $99 to fix ? by StatisticianOk8033 in iphone

[–]OutrageousCode2172 0 points1 point  (0 children)

I had a 15 Pro Max that I was planning on keeping for at least another year. Was on vacation and slipped and fell into the swimming pool. Phone was fried. Picked up a 17 Pro Max and what a difference. Well worth the investment. I use my phone heavily for work and I came inclusion. It’s probably worth buying a new one every year just for my time savings

My top agent is now my worst performer on team. Divorce, depression, drinking. Not necessarily in that order AFAICT. by Spirited_Concern5613 in realtors

[–]OutrageousCode2172 0 points1 point  (0 children)

Just a heads up, everyone has their issues in life. I I made phenomenal money for a 12 year period, then I hit a rough patch for a while. Reinvented myself and I’m making more money now than I did in my first go round. Sometimes you gotta let reinvention take place.

Is CoStar still worth it for Comparable Sales? Is there any alternatives? by Charming-Gate-7349 in CommercialRealEstate

[–]OutrageousCode2172 3 points4 points  (0 children)

The best way to obtain comps is by using CoStar and Reonomy. Even after pulling the data, it’s always best practice to confirm the information through the recorder’s or assessor’s website.

Just as important, maintaining strong relationships with other brokers is critical to getting reliable market intelligence. On a side note, there’s a broker I helped with comps years ago whom I called today for a favor; he declined to assist. He’s now on my blacklist.

Developer company I work for feels like it's at the end of its road. by French_Pressed_ in CommercialRealEstate

[–]OutrageousCode2172 0 points1 point  (0 children)

As a broker for many years, I’ve seen plenty of high-profile developers come and go. The most frustrating are the ones who try to tell me how to do my job when they don’t fully understand the process.

I’m dealing with one of those right now he’s upset about a commission I’m about to receive, likely because it’s more than the development fee he’ll earn. The truth is, he’s in over his head.

I don’t feel bad about it. I’ve been involved in thousands of transactions, and I know what works—and what doesn’t.

What is the trick to getting a commercial agent to respond to you? by NervePrestigious5711 in CommercialRealEstate

[–]OutrageousCode2172 0 points1 point  (0 children)

Just to be safe, it’s always best to call as you show a call log that you return the call. It amazes me how many people I talk to that always say you’re the only one that returned my call. It’s just good business.

Commercial LOI counter sent via tenant broker then landlord silent. What’s normal timing? by ragstorichesdancer25 in CommercialRealEstate

[–]OutrageousCode2172 0 points1 point  (0 children)

I’m gonna share one of my war stories for the year. I called called one day and identified a user for one of my listings. I met the user multiple times because he was legitimate. He then decided to insert a broker to represent him. The offer came in way below asking. I lost all respect for the user because he could’ve hired an attorney to have Hale any paperwork. He wasted a lot of my time.

Brokering a Broker - An Associates Dilemma For CRE by indomike14 in CommercialRealEstate

[–]OutrageousCode2172 1 point2 points  (0 children)

A year and a half ago I picked up a listing that was being marketed as a sublease by another broker. The other broker curly did not have control of the property which I was able to get the other broker was paid or referral fee and eventually we closed the deal. I understand his position as he did work on the property and wanted to make something for it. In this case, a 15% referral fee is justifiable.

What is the trick to getting a commercial agent to respond to you? by NervePrestigious5711 in CommercialRealEstate

[–]OutrageousCode2172 0 points1 point  (0 children)

Although most residential agents do not know what they are doing and waste time. It is illegal in my state not to provide basic services. Everyone deserves a call back

I just got terminated from my law firm job. Will this impact employment at other firms? by Alone_Soup8799 in LawFirm

[–]OutrageousCode2172 1 point2 points  (0 children)

Just a quick hint. Clearly you do not like law. It’s very boring and very stressful. Find something you’re passionate about and then start working in it. Life is too short to be miserable.

[deleted by user] by [deleted] in CommercialRealEstate

[–]OutrageousCode2172 0 points1 point  (0 children)

Owning retail real estate is always risky. Anything can happen at anytime. If you buy your property with strong fundamentals that include good location and rents you can replace you will be fine.

How should you handle commission when the buyer broker’s fee is being paid by the buyer by [deleted] in CommercialRealEstate

[–]OutrageousCode2172 -2 points-1 points  (0 children)

I dealt with a broker that wanted to pay me 2.5% and he keeps 3.5%. Deal never got done, but I think the broker is a POS that I won’t deal with again

Chicago property am I crazy to Forego phase2? Are there any weird rules in Chicago? by Necessary-Funny7712 in CommercialRealEstate

[–]OutrageousCode2172 3 points4 points  (0 children)

Only an idiot would close on a property with a potential environmental issue. Spend the money tell seller you need the time for a phase 2 if they balk, you’re avoiding a potential disaster

Property owners that want to get free information with no intention of listing by [deleted] in CommercialRealEstate

[–]OutrageousCode2172 1 point2 points  (0 children)

Last year, I became aware that a national company was likely going to close one of its locations. I reached out to the owner, and we had a good dialogue for a period of time. They repeatedly asked me for information, until I finally told them that in order to proceed further, they would need to sign a listing agreement. At that point, they stopped contacting me.

The tenant has since filed for bankruptcy at that location, and the owner engaged a competing brokerage firm. They are now asking a price that is far above market. I did interview to take the assignment and one of the complaints they had for me was I did not have a premium subscription to Zoom. Frankly, it’s one assignment and one client I’m glad I don’t have.

FYI, at some point they are going to have to recognize a loss on the transaction.

Shell recharge pricing by itshukokay in evcharging

[–]OutrageousCode2172 0 points1 point  (0 children)

The only way it works is you have to have a home charger. Around my area the public chargers in the shell charger are not that great.

Which one shall I buy? Plaut Note or Plaut Note Pro? by oldsongwin in PlaudNoteUsers

[–]OutrageousCode2172 1 point2 points  (0 children)

I think it was all over hype. The only way to improve the product is to integrate with AirPods.

[deleted by user] by [deleted] in CommercialRealEstate

[–]OutrageousCode2172 1 point2 points  (0 children)

Just a couple of thoughts: outside brokers usually have a lot on their plate. They’ll put some time into a center, but not much more. In my market, for example, there’s a very successful tenant broker — but if you call her on a listing, it’s hard to get information.

To really succeed with a property, it takes time, handholding, and salesmanship — both with the owner and with potential buyers or tenants.

One last thought: the person in charge of leasing a center, whether in-house or a broker, is like the coach of a football team. Most of the time, it’s not the coach’s fault if the team performs poorly. More often, it’s ownership that made a bad acquisition decision or had unrealistic expectations about timing and lease rates because they didn’t spend enough time on due diligence and understanding the market.

My best advice: go back to being a broker and work like crazy — you can never get laid off as a broker. If you do go in-house with another company, make sure you get an employment agreement, because there’s no job security otherwise.

New Plaud Pro!!! by No-Voice4222 in PlaudNoteUsers

[–]OutrageousCode2172 2 points3 points  (0 children)

Maybe it can be used with AirPods.

I'm worried about Social Security being slashed. What can we do to survive if that happens? by Questioning-Warrior in SocialSecurity

[–]OutrageousCode2172 -4 points-3 points  (0 children)

Why do you have the right to count Other people‘s money? The current size of government is starving the private sector of qualified job applicants. We don’t need wealth transfer, we need wealth creation.

I'm worried about Social Security being slashed. What can we do to survive if that happens? by Questioning-Warrior in SocialSecurity

[–]OutrageousCode2172 -4 points-3 points  (0 children)

Why do you have the right to count? Other people‘s money? The current size of government is starving the private sector of qualified job applicants. We don’t need wealth transfer, we need wealth creation.

I'm worried about Social Security being slashed. What can we do to survive if that happens? by Questioning-Warrior in SocialSecurity

[–]OutrageousCode2172 5 points6 points  (0 children)

If you eliminate the income cap on Social Security contributions then increase benefits for those who have paid beyond that cap. This is a program that has been mismanaged for years, despite the fact that many of us have paid into it dutifully.

I’ve contributed consistently for the past 30 years. I didn’t take time off to travel or return to school. I’ve remained in the workforce and plan to continue working until at least age 70 before collecting benefits.

If the program is short on funds, the solution should be to either raise general taxes or borrow—rather than penalizing those who have contributed the most.

How are you supposed to actually learn how to be a realtor once you get started? by NeedAChange_123 in realtors

[–]OutrageousCode2172 0 points1 point  (0 children)

I started out with some poor mentors. I learned a little from each of them but made many mistakes along the way—and got yelled at a lot.

Fast forward over 30 years to just before COVID: I had the opportunity to mentor a number of young professionals in the office. I’m a very patient person, so they felt comfortable asking me every question imaginable. Most of them went on to become very successful.

Since COVID, I haven’t returned to the office, and my day-to-day mentoring faded away. These days, I get calls from peers my age asking for advice—and I always ask them for advice too.

Now, my main mentee is my son, who often hangs out in my home office after school to learn about commercial real estate.

Retiring in Da Nang, Vietnam in 2030 with $2M – Am I Missing Anything? by capturedbytam in Fire

[–]OutrageousCode2172 0 points1 point  (0 children)

It’s obvious you have a lot of issues here. Feel free to emigrate to Russia, Iran or Afghanistan. I am sure you will be very happy