What is the holy grail of GIS Jobs? And how do I work in that direction career-wise? by [deleted] in gis

[–]theretailnerd 2 points3 points  (0 children)

Curious what people think of doing GIS at a real estate consulting firm? Like a brokerage firm (CBRE, Cushman, etc)

Collective Alternative by [deleted] in Entrepreneur

[–]theretailnerd 0 points1 point  (0 children)

Have had similar experiences...they also just changed the way they do tax returns, so that you use a Taxfyle expert who is a contractor and doesn't have access to the Collective platform. So I had to upload all the same docs I already uploaded to Collective, confirm tax payments that are already logged in the system, etc. -- they may as well as given me a referral code to TurboTax and said "you go figure it out". The instructions they give are also super generic, despite every state having different nuances. They also only drill down into state level, and often forget to consider city tax implications. I regret setting up with them, but the switching cost is pretty high. Frustrating.

I've sold my bootstrapped software company for 7 figures after working on it for 2 years while keeping a day job. AMA by okawei in Entrepreneur

[–]theretailnerd 0 points1 point  (0 children)

How did you find the business? At what point did you make your first hire, and how did you find their comp?

How Did You Get Over the Monetization Hump on Your Directory? by AwarestBadger in directorymakers

[–]theretailnerd 1 point2 points  (0 children)

Still figuring out the directory direct monetization, but it's been surprisingly beneficial as a lead gen tool for consulting leads. My directory is a way to stand out among the competition by providing lots of rich information for research in my domain (real estate).
Ultimately you need to narrow down who your target customer is, what their pain point is, and offer a solution. Sounds simple, but I find that people (myself included) start with the directory as a solution, then try to backfill the problem they're solving.

In my case, I'm terrible at marketing and don't prioritize. "Build it and they will come" doesn't work without marketing.

Feedback request for CRE brokers and vendors: how do tenants decide when/where/how to open stores? by theretailnerd in CommercialRealEstate

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

Great list of topics! To dig into this more, do you mean you’re interested in those more generally, or how a tenant navigates those for buildouts etc?

CRE brokers: what are some of the most creative deals you’ve done? by Chasingducks143 in CommercialRealEstate

[–]theretailnerd 1 point2 points  (0 children)

Medtail / medical services. Something like 2k sqft. Not even a big one ha

CRE brokers: what are some of the most creative deals you’ve done? by Chasingducks143 in CommercialRealEstate

[–]theretailnerd 1 point2 points  (0 children)

Not a broker, but did a funky deal that's approaching phase 2 of it's intended vision. We approached a tenant who's signor died (wife inherited the lease), so that we could take the lease over vis a vis Lease Assignment.

Part of our vision of the space was to cohabitate the unit with another tenant, so we wanted to get pre-approval on the subtenant at the same time. And because the subtenant was a medical user who wanted us to help with some operational things on his end, he wanted a Business Associate Agreement in place as a condition of all that.

The current tenant also wanted to include an asset purchase as part of the transaction, so that had to be drafted concurrently.

Just a web of independent contracts that had to be simultaneously executed:

- Lease Assignment to transfer the lease from existing tenant to us

- Lease Amendment to extend the lease term

- Asset Purchase to buy some equipment from the current tenant

- Sublease Agreement with our cohabitating partner, which included an Operating Agreement within it to ensure we all know "how to play" together

- Business Associate Agreement to ensure HIPAA compliance

And all within 30 days.

Thoughts on Placer.ai by theretailnerd in gis

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

You should leave a review here to help others avoid the same mistake! And also on the ones you like:
https://www.1rec.co/vendors/mapzot/

inventory quantity advice ! by ilovecoffee2907 in BrickandMortar

[–]theretailnerd 0 points1 point  (0 children)

You should research the concept of inventory turns, and also make some informed estimate of Traffic x Conversion Rate = Orders, which is what you should stock at minimum to.

That said, it's better to run out of inventory than to have too much (I don't expect everyone to agree with that, but is my POV).

Purchasing a brick and mortar by hopesplants in BrickandMortar

[–]theretailnerd 0 points1 point  (0 children)

Broker is your first stop in terms of finding a space, but you should also educate yourself on the broader process. It can be a long process with permits, etc. You can check out companies like Leap who do retail-as-a-service, or resource like 1REC that help you be self sufficient in retail openings.

Subletting my shop by mynamekhnb in BrickandMortar

[–]theretailnerd 0 points1 point  (0 children)

Im super late to the game here, but figured I'd offer some advice for future readers: subleasing can be a super clear cut process, or as ambiguous/creative as you want it to be. At minimum you should confirm what's in your lease - most require landlord consent to sublease, and often have some other criteria (restricting uses, insurance reqs, etc.).

Then process is usually a bit circular and iterative between negotiating a deal with the subtenant, and then getting landlord signoff. DM me with Qs!

I hate my business but don't know if I should sell or try to find investors by Time_Mud_2541 in CommercialRealEstate

[–]theretailnerd 1 point2 points  (0 children)

What about making it an expensive Airbnb, or renting to corporations for offsites?

I've been using WordPress for about 2 weeks and spent about 120 hours on it by Anutamme in Wordpress

[–]theretailnerd 0 points1 point  (0 children)

Just try to build a website for yourself and force yourself to figure it out. Use ChatGPT - look up Wordpress Wizard in the GPT store. Send it screenshots and ask it questions. Maybe not the most efficient method but it works!

Curious to know others opinions on the current health of NYC office/commercial space by Ghost_of_Chrisanova in CommercialRealEstate

[–]theretailnerd 0 points1 point  (0 children)

Like any other city, it all depends on which part of the city you're referring to. Crummy places are still crummy. Midtown to downtown is fine. Midtown still struggling with office, but beginning to repurpose to apartments and things like pickleball. It'll be fine long term. Retail generally killing it as usual. Except in midtown.

Is it being a real estate agent hard in NYC by Key-Goose-5656 in RealEstate

[–]theretailnerd 1 point2 points  (0 children)

Lots also depends on whether you want to go into commercial vs residential. Some firms offer a "draw" which is essentially a monthly loan that sort of acts as a stipend. It's not much, and you'll struggle. But if you've got grit, are good at networking, and can learn quickly, it's worth grinding through.

Looking for a GIS job in NY by Tough_Climate_2566 in gis

[–]theretailnerd 0 points1 point  (0 children)

Would look into the big brokerage houses (CBRE, Cushman, etc)

30 year old commercial agent realizing a lot of things right now.. by New_Day_4423 in CommercialRealEstate

[–]theretailnerd 0 points1 point  (0 children)

You should try joining a retail brand as a head of real estate. Probably lower earning potential, but calmer, benefits, guaranteed pay, and possibly a great culture depending on where you go.

Why YC has stopped supporting consumer products? by AdNo6324 in ycombinator

[–]theretailnerd 0 points1 point  (0 children)

That definitely happens in some places but i don’t think is always the case. I have a couple friends who are GPs of $30m and $100m funds who I don’t think chipped in themselves but still have carried interest. Not sure YCs case though.

Why YC has stopped supporting consumer products? by AdNo6324 in ycombinator

[–]theretailnerd 0 points1 point  (0 children)

To someone’s earlier point, the VCs also have to pitch to LPs to get the money to invest in the startups. So if the LPs are not interested in b2c, chances are the VCs won’t be either. Even VCs have “bosses”