Kevin Gerbie

@nicochristie Hey Nico - could I get one? Would love to give it a try

Shortcut one-shotting banker/PE work while I got coffee. (1/2) "Build me a LBO model based the Moelis 10k for a take-private. My boss thinks this should take all day" (2/2) "Update the existing model to include compounding interest rates from the web" Sending more codes today

@Fundamental @nicochristie Would love one!

@nicochristie We're sending 100+ codes today

@nicochristie Would love to try it!

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@ben_m_somers Less red tape, more incentives pls!

More aspirational real estate developers pls!

@BrianFeroldi @JamesClear @cduhigg Working on adding a new habit each month this year, appreciate the list! Trying to implement lessons from the power of habit to replace some of the bad ones too. What else helped you build habits?

There are two books that have helped me immensely with habit building: 1⃣ Atomic Habits by @JamesClear 2⃣The Power of Habit by @cduhigg Both are excellent reads

The 16 daily habits that make me smarter, happier, and more productive ⬇️

@Codie_Sanchez Hi Codie, I loved this thread and the full article on your site. Would really like to hear more about this from you if you’d be open to speaking - feel free to send me a DM!

That all being said, Google likely places more value in employee collaboration (in person) than many other companies who will do the analysis and find that the high cost + perk of WFH from a talent acquisition/retention standpoint keeps them from signing that office lease

This will take pressure off the employee to go to work when they have a cold or aren’t feeling 100 percent but don’t want to be seen as not working hard - the way it should have been in the first place

Google giving employees 14 days of flexible WFH starting in September. Anyone working in office CRE must be ecstatic with this plan - Google set the tone for WFH last year and I could easily see many companies following suit going forward

@TheRealEstateG6 There’s no substitute for experience

@GerbieKevin It does. But you can bypass that hurdle through a good undergrad Or through making your investors a lot of money

Get asked this question a ton - my view is that no formal education after college is ever “necessary” Basically means that any job you’re using an MBA or an MRED to get, there’s always an alternate route to it that doesn’t involve getting a degree Rarely worth it in my opinion

@jmf_5 @benton_moss Thanks!

@jmf_5 @benton_moss What system do you use? This sounds incredibly valuable

@benton_moss Having your reserves and R&M expenses step up (more than standard increase) every few years helps with this - when necessary budgeting in future capex (roofs, HVAC, etc.) out of cash flow or a capital event

@moseskagan How has the team grown over that same time frame?

Adaptive Realty started in 2012 with one building owned and a total of three buildings managed. As of today, we’re at 43 buildings owned and a total of 104 buildings managed.

@MattLasky Great thread. I think what’s especially important is as the team grows the earlier members focus more on the revenue drivers while the new members handle a wide range of lower level tasks - As the low man I think you want that broad exposure to find where you fit and can grow

structure, long term vision vs current needs, and available funding since you're rarely building EV but rather a smoother and growing income stream.

The CRE asset management & brokerage space is a unique industry... why? Potential for very high cash payouts, but much more difficult to build any enterprise value relative to other industries. Being cognizant of this while building a team/firm is likely fruitful... a thread:

@bromarMorales A 9% IRR 🤯🤯 - what are you seeing in other parts of Florida?

Quick response to a friend asking about Class A multi cap rates in Miami today.. Figure it wouldn’t hurt to share

@PettwayEstates Always need that delinquency report

Walked a 15 unit today that according to the seller was “fully leased. What they didn’t say was that 70% of their ‘leased’ tenants hadn’t paid rent since September 🙃. Trust but verify.

Hard to compare as they aren’t books but I would venture to guess they stack up well as it relates to impact/value gained

Albeit some good responses - still seems like there is a gap here. Have not read them but would be curious where @sweatystartup and @TheRealEstateG6 courses would stack up in this list with being (guessing here) more direct action-oriented