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Your daily reminder to buy the property and not the tenant.
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TheIndustrialGuy
4.2K posts
TheIndustrialGuy
@Indus_Guy
Decade’s worth of experience in $100MM+ of privately held industrial properties, development and land either owned or under management. Not investment advice.
Florida, USA Katılım Haziran 2023
285 Takip Edilen3.9K Takipçiler
Small bay industrial is the most incredible asset class I've ever seen in my career in real estate
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@realEstateTrent Exactly. Learning this business from a book is like learning finance from ChatGPT.
Could not possibly be more ineffective.
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@investing_law Being so nervous that I literally forgot the order of the calendar months in a meeting with tons of people so badly that I had to count it on my fingers.
I have two degrees.
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Anyone else have any horror stories from being a new employee/professional?
The Investments Lawyer (Michael Huseby)@investing_law
The first time I went to court (in 2016), we brought two copies of every document. We prepared for the possibility of being questioned. We prepared our client. Then...it turned out the court lost one of our electronically-signed forms. Weird. The court asked us to fill a new paper version out on the spot. But...we didn't have a writing implement. So, with our tails between our legs, we asked in an embarrassed tone: "Your honor, could we please borrow a pen?"
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@Indus_Guy Sometimes "you don't appreciate what you have" until you've had a chance to "window shop" other options.
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We always offer our brokerage service to tenants that wish to expand outside our industrial portfolio.
Why?
You wouldn’t believe how many window shop market prices for a month and come running back to us!
And, if they don’t come back, we still get paid!
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Burning-hot take:
To all the hardworking industrial laborers I know and appreciate that I see working relentlessly for our industrial tenants,
getting lunch at McDonald’s 5-6x a week is probably worse for you than just not having lunch at all.
Also, it’s expensive over time.
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@ClarenceWongCRE Exactly right, Clarence! And we love being there to fix it!
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@Indus_Guy CRE investment property can be passive temporarily, but can change quickly change if tenant(s) start blowing out.
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Industrial Owners: ⬇️🏭
if you’ve been managing your industrial property as if it was “passive income”, drop me a line; I might be an interested buyer!
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@realEstateTrent Absolutely cannot be taught.
My source: telling my wife over the past 5 years to stop standing in the way of people in the grocery isle. Self awareness = 0%.
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Can you teach somebody self-awareness?
Those who have it take it for granted, but it’s incredible how many people have absolutely zero idea that they lack self-awareness.
Is there hope for them?
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For many fast-casual “sit down”restaurants in Hong Kong, they don’t have a cashier &/or any waitresses / waiters to take your orders.
Just scan QR code, pull up menu & put in your order. They do have people to bring food/drinks etc, but this cuts down on labor.
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@Bricks_n_Sticks Skilled labor can usually be found where cheap labor lies. I don’t think this is the largest issue.
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@Indus_Guy Could be the cheapest labor in there word need workforce and skilled labor scale too
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When considering production output of an economy, to me it’s not so much about how much they produce of it, but rather how cheap they can produce it.
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@realEstateTrent Wait… so are we to expect an announcement from you now?? 🤔
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@APompliano @sweatystartup More proof that not enough people pay enough attention to India. It’s a magical place.
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@sweatystartup Fun fact: Mumbai University has produced more billionaires than Cornell University 😂
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Nothing worse for middle class kids than private no-name colleges.
Walk out of there with $200k of student loans and a degree that isn’t as valuable as a free ride state school.
The entire Patriot League is an economic disaster for so many families.
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Note to sellers:
Your insanely low interest assumable debt does not make your insanely high price per foot justifiable.
In fact, it pretty much ruins almost anyone’s exit strategy from your overpriced box.
Thanks
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@LpWhisperer @Nallysmom Wow never thought of that, just going to do that from now on thanks bud
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It’s 2024 and people are still landscaping their properties with ye ole bark dust. It needs constant replacement and manages to spread everywhere.
Will rubber mulch have a higher installation cost than bark dust? Yes.
Is rubber mulch less costly in the long run and sexier? Yes.
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@Nallysmom I swear to you that there’s higher quality versions!
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@Indus_Guy Great pic. personally don’t care for it, it’s chunks and you can even see the writing on some of it. My boyfriend put it in one of our planting beds and I quickly replaced it.
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@Nallysmom Unsightly? You’re telling me the photo I attached looks bad??
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@Indus_Guy Hard no, rubber mulch is nasty and unsightly. Far from natural looking too.
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