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Commercial Real Estate Pro Network

Commercial Real Estate Professionals who work with Investors, Buyers and Sellers of Commercial Real Estate. We discuss todays opportunities, problems & solutions in Commercial Real Estate.
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Now displaying: August, 2016
Aug 26, 2016
Accumulating appreciating assets is the goal of all investors.  When your time comes, an Estate Plan, can make the settlement of your affairs a simple matter.  Without a well executed plan, the end can be really messy. SUBSCRIBE:     iTunes                  Stitcher Most people don’t invest time to think about the world without them in it.  It is  a morbid thought that reminds us that there is an end to life. I had the pleasure of speaking with Bill Sefton, CPA.  His practice focuses on working with high networth individuals to for estate planning. Steps to establishing your Estate Plan WHO: Determining who you want to handle your affairs when you are no longer able is the place to start.  This is the first step. WHAT: Once you know who is going to handle your estate, you need to identify the assets in your estate, bank accounts, IRA’s, property, etc.   HOW: How do you want your assets distributed? For more information go to: https://williamleesefton.com/ William Lee Sefton, CPA (925) 735-6529 bill@williamleesefton.com
Aug 19, 2016
Professional property managers rely on property management software to screen tenants, collect rents, generate financial reports for owners, manage the property, schedule repairs and more. SUBSCRIBE:     iTunes                  Stitcher Timmi Ryerson with Smart Property Systems talked with me about property management software systems, users and how a good software system can simplify things for the property manager.     Why use property management software system? The main reason for using property management software system is for organization.  Organization makes your life easier and gives all who interact with you that your organization is professional.  What are your pain points? Smart Property Systems Smart Property Systems can scale from one unit to thousands.  For CREPN Listeners interested in pursuing Smart Property Systems property management software, listen through the interview to learn how to get a 30% off discount. For more go to: Smart Property Systems
Aug 12, 2016
Commercial Real Estate value is simple.  What’s the Net Operating Income.  If you keep up with market rent and expenses, your property’s value will suffer.  Value Add Accounting is an easy way to increase the NOI and the value of your property. Telma Landhorian is a CPA & MBA with experience in Commercial Real Estate.  She makes the case for an outsider’s professional review.   One client gained $20M additional valuation after working with Telma. Value added accounting: The good news, you can fix this. If ownership is willing to take have a trained professional, an outsider, take a look at the books and asses what is. First - Look at the current books.  If the NOI varies greatly from month to month with no explanation as to why, you likely have a problem. The assessment takes a look at each and every line in the operation budget to determine how it compares to the market, and if any improvements can be made. Next - Implement needed changes. In order for change to be adopted by the staff, it has to be demonstrated that ownership supports the change.  Without this, nothing will change. Ongoing - It usually takes about 6 months to make the transition from the old way to the new way.  The procedures need to include regular review and monitoring for real success.  The pain of change is the price of progress.  The benefits will be lasting and help increase the value of the property.   For more go to: https://landhorian.com/ https://www.linkedin.com/in/telmalandhorian  
Aug 5, 2016
Leverage is the catapult that gives real estate investors the ability to buy more than they can afford with their own resources.  One way to increase leverage and potential gains is through Multifamily Syndication.    Syndication can provide momentum unavailable to a single investor.   Joe Fairless is an experienced investor who has grown his portfolio to $54 million through syndication. How to create a Multifamily Syndicate   Build anticipation with investors Learn about what your potential investor goals are.  Are they passive or active?   What do they expect.  Once you determine their goals, ask them if they want to invest.   Get Commitment Get 30% more commitment than what you need, you are ready to find a property.  Why do you need greater commitment than the deal calls for? Life happens. Identify the community and property parameters for your investment including: Market Characteristics Go find the property Use all the resources available to you:   Obviously, this is a simplified explanation of what truly happens.  In addition to what is listed there are several legal documents required in order to set up a syndicate. Joe’s advice to anyone considering getting into syndication: Get the knowledge Get a mentor Follow the Blueprint The truth: “It’is a shark tank!” For more go to joefairless.com.  
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