Commercial Real Estate: Starting From Scratch

Send me a message! Welp sometimes in life, you move backwards.  Something I never gave thought to, but we lost 2 tenants in the matter of days.  $1,678 in revenue is no longer coming in, and thats a bummer.  Now I have to get 2 suites rented just to get back to where we were. And now, with the poor lead flow, seems like a monumental task.   I'll have to change the FB Marketplace approach, and...

Send me a message! Chugging along here with Thunderbird, some housekeeping stuff I've been putting off is getting done.  New marketing campaign is in full swing.  Lenders getting called and so far all rejections, but to be expected.  Close on a new tenant, was hoping to get a signed lease before the show.   Overall it's been nice to have a bit of breathing room, starting to feel normal a...

Send me a message! For the time being at least, a wire for 25k was initiated today. Time to get back on the horse!  Money is needing to be spent, signage and elevator are first on my list.  Other than that, not sure, probably some more decor, cleaning crew, and some more garbage cans and weird things like that.   Making moves on the extension as well, so everything is finally coming together!  Unt...

Send me a message! Money woes continue.  Still plenty to do, but unfortunately they all cost money.  I'm still planning out what I'd need to do in the future so when the money arrives, I can pull the trigger and get back to work.   Spirits are much higher this week which makes everything a bit easier.   Signed a new lease, but tenant hasn't paid security deposit yet, so may not be r...

Send me a message! Well that wraps up 52 weekly episodes of my 1st year into Commercial Real Estate.  What a ride it has been, can say I haven't been bored once this year, and that's a fact! Nothing has really changed since last week overall.  Finished up 1 suite and had the tenant move in, and working on the next 3 that are leased up starting end of the month!  

Send me a message! We got another lease!  $1,516/mo added to the revenue.  Juggling lots of issues at the moment, AC problems, money problems, loan problems, tenant problems, there's so many I can barely keep track!  But one day at a time.  Still focusing on getting as many people in the door as quickly as I can. 

Send me a message! The ups and downs in this business are unreal.  Woke up this morning at 2:30am, cold sweat, stressed out. Then a few hours later, got a lease signed!  So that makes everything a little bit better.  Our timeline is compressing faster than anticipated.   But there's only one thing to do and that's keep on grinding my face off until we get into a conventional note.  Until...

Send me a message! BOYS AND GIRLS!  2 leases got signed this week baby!!!  Was feeling pretty down about leasing in general and realized that missing our deadline was becoming a probability.  But we ain't goin' down without a fight!  2 leases bringing in $2,274/mo really helps out big time!  Total rent is $8,680/mo and need to get to $14,000 in about 6 weeks.  Still a long shot but a cou...

Send me a message! Quick hitter for you guys this week, been very busy moving and shaking.  Chugging along nicely.  Got 1 more lease signed this week, with 1 out there pending signatures, and 2 very very positive showings that should end up in leases as well.  I will do whatever it takes to get those 2 clients in the door, they seemed like they would be a great addition.  

Send me a message! I had a great title for the podcast picked out, I even mentioned it during the recording, but I completely forgot what it was!  So I named it this terrible title, oh well.   Good news is coming slowly but surely, maybe this title makes more sense.  Grand Ave had some wins and Thunderbird as well.   The Salon is really starting to come together, I was really happy the way the des...

Send me a message! Kind of a smattering of everything going on, fun stuff, not so fun stuff, expensive stuff, cheap stuff.  My workload has still been pretty steady, but every week more and more progress is made.  Now with plumbing in our sights, I feel like this will be a catalyst to getting more leases signed.  That reminds me, I'd like to get some AI images done of a full buildout in the s...

Send me a message! Exaggerated title, but I just couldn't help myself.  Plumbing is ruling my world right now, but not necessarily in a bad way.  Just another hurdle to jump over.  Lots of things happened this week, but also a lot hasn't happened in a weird way.  Progress is always slow at the beginning of the project, and then once things get in motion, it seems to snowball.  

Send me a message! Sometimes in life, it's the moves or plays you don't make, that are the true winners.  Now I can't say for sure if I missed out on revenue/profit via 2 good tenants. But at the end of the day, I feel I made the right call by not moving forward.  Very hard to pass up on $1,600/month, especially right now, but at the end of the day, I know having trouble tenants is...

Send me a message! I'm talking about locks today, that's why the episode is called locked and loaded.  You get it?????!!??? Back from my trip, and several updates over the last 2 weeks.  All good news, is this a new trend?!?!  Maybe I won't go bankrupt and I can continue buying commercial buildings?  That would be swell. Mostly focusing on Tbird and getting that leased up as quickly...

Send me a message! OOOOHHHHH WEEE Thunderbird is starting to crank!  Feels good to get some action on the place via signed leases. Had some very large ah-ma moment about completely turning this place into salon suites.  I thought the budget would be too great to get it turned into a proper suite facility, but after doing more research and speaking with professionals, that's just not true!  Mo...

Send me a message! 3 really cool things happened this week.  I was so excited I was a blubbering idiot, couldn't keep my train of thought throughout the whole episode.   -The podcast hit 1,000 downloads -A legendary local CRE investor John Trautman came to the office and gave me a masterclass on leasing office space -First tenant will be moving in Monday I have a long list of to-do's but...

Send me a message! A no thrill week for me.  Coming down off the high of signing the lease and getting Grand rented up while shifting focus to Thunderbird.  It's funny the differences between Grand and Thunderbird.  I've never done anything with office space before so everything is new to me.  The types of tenants, desired spaces, market rents etc.   Starting to get some leads rolling in...

Send me a message! I went into the weekend with a signed lease!!!!  Finally, feels like I've been saying that for months.  Was great to get that monkey off my back and can focus my attention to Thunderbird.  Still have some housekeeping stuff to get Grand fully set, but the majority of my effort will not need to be on that building anymore.  Now I can finally get the benefits of owning commer...

Send me a message! Just like Ben Mallah says, THE NUMBAS!!!!! Going over some quick updates on both buildings, but mainly spend time going over the numbers on Grand.  I've yet to really break everything down in reality, mostly theory in the past.  But now that we have most of the place leased up, I broke down the revenue, expenses, cash flow, and value of the building.   I had a blast recordi...

Send me a message!  Spoiler alert, after finding out some crucial insider information, we decided to not move forward with the co-working company.  Turns out, well, that they suck.  Therefore, CRISIS AVERTED!   Now this  news comes with some more challenges, like finding new tenants/tenant.  But that's what we do, so no big deal.  Sucks we burned about 5 months, but was a necessity.  Back to...

Send me a message! I got bit by a dog

Send me a message! Breath of fresh air with Grand, no more eviction issues, most of the stuff is gone, so call that a victory.  Leasing struggles have continued, but to be expected, not really bad news, just still trudging along.   Thunderbird is getting close to a deal which is fantastic, that could very well be the bright star of the portfolio.  Which would be a good change of pace from being th...

Send me a message! Not a click bait title.  I had to call the cops on my tenant that got evicted for trespassing.  I don't even know what to put in this description, because there's just too much to the story.  SO!  You'll just have to listen because my brain can't type any more

Send me a message! Interesting podcast with some good updates, moving closer in the right direction.  Feels good to be moving forward instead of backwards, and being this close to signing very valuable leases that will completely change the pace of this building and my life.  These 2 leases will increase the value of the building by 600k, which would increase my net worth by 300k, which is just ha...

Send me a message! BOYS AND GIRLS!  We're making moves baby!!!!  Roof started to get done today, swamp cooler guys going out there tomorrow to scope it out, things are shaking! About to sign a lease for Tenant 2 spot and a portion of lot 3!  Overly stoked on the tenants, looks like it will be a great fit for everyone.   My pool business is  closing here pretty soon, I hope, maybe it might go...