Notwithstanding the incessant calls I receive from unqualified rookie cold callers on my CRE portfolio I have decided to engage a certain firm to handle a property sale for us.
Mostly it’s just demonstrating how much respect I have for Tyler and Jason.
Get to work fellas!
A small house in LA goes for $1.5 million
So does this KFC
One comes with yard work
The other comes with a tenant who’s been there since 1965
Today we breakdown why we chose passive income over a picket fence
Don Ikeler, Director of Development - West Region for Chick-Fil-a joins us this week on The Dirt Dog Pod.
Don has spent the last 17 years working for CFA after spending his early years of his career with a couple of other notable QSR’s including McDonald’s.
He has seen CFA grow from an unknown brand to the leader in the fast food world and has been a big part of their expansion in the Western U.S. Don shares his wealth of experience with us and give us a glimpse under the hood of the chicken giant.
0:00 Intro
04:26 How CFA is growing
07:06 The magic of CFA
09:46 The Challenges of Getting through Cities
11:14 Explosive Openings
12:15 The current model and what they are trying to build
20:04 The process of getting a CFA built
30:50 HOW TO BECOME A CFA OPERATOR
34:35 The uniqueness of CFA
37:14 The Family Office
44:14 Building the Maui, HI store
49:32 The Lifetime Points Builder
50:28 The Cow Marketing Campaign
54:12 Where is CFA headed from here?
I’m selling a Popeyes in Compton and decided to do some door knocking
They say in real estate, 50% of your buyers are the neighboring property owners
Wish me luck!
This guy owns a $10M In-N-Out in Salt Lake City and builds drive thru properties all over the country
If that's not the American Dream, I don't know what is
@TripleNetFef and I pulled up on @dirtdog in his natural habitat to ask how he does it, and how others can to
Client wanted me to list a property for 20% more than what it’s worth
I told him respectfully it’s not worth that
Another broker told him he could get it
I told him to give the other broker the listing for 90 days and if it closes I will pay for the closing dinner
He just called me 90 days later
He wants me to list it for the price I originally suggested
It pays to stand your ground
@chloecypers@TripleNetTyler What can I say? Ever since I got 2 cats, I've been flooded with happiness. I suggest everyone gets a couple. Not sure if you'd be able to handle that responsibility though.
How do you get someone to drop their guard on a cold call?
Try asking for a favor:
“Hey super random but I know you’ve worked with XYZ company before. What was their turnaround time?”
People like helping people
It becomes a warm call
Then you can transition into your pitch
Apparently the hat made famous by @NNNIncome was a hit
But I only made 6 of them
So I'm ordering more and will be giving away TWO
For a chance to win either:
1️⃣ Like this post
or
2️⃣Comment: "#4cap"
Increase your odds by doing both😉
Winners announced next Tuesday!
Ever wonder what is generally accepted as a primary vs a secondary market?
Which ones surprise you?
PRIMARY
NYC
LA
Miami
Boston
Atlanta
Chicago
Seattle
SECONDARY
Denver
Dallas
Las Vegas
Portland
Indianapolis
Austin
TERTIARY
Omaha
Kansas City
Raleigh
Charleston
Nashville
@MaxFisherCRE My favorite: "<name>, you're harder to get ahold of than the last pickle in the pickle jar!" I'm yet to not get a (small) chuckle. Then I transition to a semi-personalized open ended question.
In commercial real estate I believe your success is directly correlated to your ability to handle failure and rejection. It takes me 24 hours to process a major loss (say from a pitch) then I move on with a smile.
Live to fight another day.
@dionlisle@TripleNetTyler Out of curiosity, given your expertise, what do you think is next after kiosks? I'm trying to think what could be automated further…
I talk to California fast food retaurant operators on a daily basis and there is one common theme:
‘Automation’
How can we integrate tech to eliminate the need to pay $20/hour for labor?
The new CA minimum wage law is about to eliminate a lot of jobs