Mitch Speigle

What are you doing today to get your 500 fights? m.youtube.com/watch?v=tgEEn7…

Proud to announce San Mateo’s first Rental Assistance Program! Non-payment of rent is the leading cause of tenant displacement across California. Thankful to have been able to partner with the city of San Mateo to develop a proactive program helps families stay securely in their homes while supporting property owners who rely on that income — protecting vulnerable tenants, incentivizing housing supply, and maintaining property rights. At a glance: - San Mateo residency - ≤60% county AMI - signed lease in applicant’s name - not related to landlord - utility bill in applicant’s name (Link in comments)

@jchal @tylerkastelberg has entered the chat - bullpen has some A+ articles on this

A 32 year old friend has been in CRE for ten years. He’s at a highly reputable PE firm and looking for a new role. What are typical salaries / bonus for careers in real estate PE? Is it a lucrative path or will he need to go out on his own for long term financial success?

The more teams I lead, the more I realize how rare true coachability is. The person able to hear direction, not take it personally, and actually get better often beats out any degree or accolades.

I like this - the key is to know the make up of the person who is doing the piece. I was just interviewed today and I requested an off the record brief of what they wanted to ask me & their lens for the story. Super helpful in making sure questions were going to be aligned prior to going on the record

I came into development with a long history of talking to the press and recognize that this may be less comfortable for others. Unless the goal is to merely survive an article you don’t want, I would recommend a different approach. If you’re trying to get publicity, most reporters I know would just take a pass on these rules. Instead, talk on the record and have a good idea of what you want to say and stick to that. Try and anticipate their questions and have answers. No one knows your project better than you do. Chances are this reporter covers a beat or a neighborhood where you work. This approach is adversarial and sets the tone for future interactions. I do agree that if you intend to talk off the record, you have to clearly establish it up front and they need to agree. Since anything off the record can’t be used, I’m not sure when you’d want to do this.

Good reminder for business peeps: When a reporter asks to speak with you: 1. Insist up front that the conversation be "off the record" and get confirmation the reporter agrees 2. In exchange, offer to give them any quotes they need for their piece via email after the interview is over This way, you can speak freely and get your point across, without having to worry about being misrepresented or misquoted in print. (Another benefit is that, bc you're writing the quotes, rather than saying them, they will "read" better on the page.)

@seandsweeney No forks in the ground either, this is not Midwest homecoming approved

Forget math scores, the real crisis is that kids today can’t even execute a proper TP job. Sad.

@habspats18 @moseskagan Great one to be front & center for 👍

@MTSpeigle @moseskagan That's me in the pic 👀

Thank you @moseskagan for another fantastic Reconvene! Walking around, I couldn’t help but think back to the very first one and how much the group has grown—while the format, speakers, and intimate feel have remain top-notch. Wonderful meeting so many Twitter friends in real life and connecting with so new people doing amazing things in their field

@DDrolapas Interested in the impact on some of the long term agreements agents at CB/C21/Sotherby’s. Lots of the larger agents had pretty significant comp/fee packages - will be interesting to see how that plays out

BREAKING NEWS! Compass announced they're in agreement to buy Anywhere Real Estate in an all stock transaction valued at around 1.6 billion. For those who don't know, Anywhere owns the following: Coldwell Banker, Century 21, Corcoran Group, Sotheby's International Realty and Better Homes and Gardens Real Estate. This purchase would make them the largest brokerage in the world with 300k agents.

CA sucks don’t move here

1. Get crystal clear on your offering & the market - be ready to pay above market 2. Build a list of friends & family 3. Ask friends and family, if they don’t want to invest ask to be intro’d to someone who might be One of the best lessons I’ve ever received on overcoming the fear of reaching out was “someone out there is hoping, praying that they get a call for an opportunity just like yours - the only thing standing between solving that for them is you picking up the phone”

@moseskagan Mostly yes, but with some exceptions like this 👇 Any tips for the newbies on how to ask if they’re getting started?

If you want to do deals, but shy away from capital raising, you don’t actually want to do deals.

@credealjunkie @moseskagan I’ll never forgive you, not like we live down the street from each other 😂

@MTSpeigle @moseskagan Sorry we weren’t able to connect Mitch!

Giants 🟠

timelines and pure obscurity kill more deals than interest rates, let’s talk utility hook ups

@LA_Multi_Fam Looks great! Nicely done

Bought this 5 unit in North Atwater Village Sept 2023 for $1,180,000 with someone I met on twitter. It was grossing about $90,000 annual in rental income & was pretty much falling apart. Gut renovated the existing 5 units & built out 3 ADU's. (1 carport ADU & 2 detached) @toni_lewis designed! We now have 8 units in an up and coming part of LA, that will be grossing about $285,000 annually. Might sell & 1031. Might refi. But definitely looking for more. If you have heavy value add deals with room for ADU's in LA County (B or better areas) please reach out.

@dtmorgan18 @xtineey29

I’m cooked.

@credealjunkie You already know

The best suburbia on the planet, if you’re into that kind of thing

@dtmorgan18 @DallasAptGP @xtineey29 @_CAPURRO_ Always cool to see it zoomed out isn’t it? Keep building you two! Excited for what’s to come for you guys

@MTSpeigle @DallasAptGP @xtineey29 That is an insanely generous description. Also @_CAPURRO_ you see that about being the coolest on the block?

Name someone (on Twitter) in real estate doing cool things right now Would love to introduce new people to ReTwit and see some new ideas in my timeline Feel free to introduce yourself