Everyday CRE: 3rd Party Management, Environmental, Parenting Recs
May 8, 2024
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Exploring challenges in property management, transitioning to weekly episodes, balancing real estate with parenting, and understanding generational differences in the workplace are some of the intriguing topics discussed in this podcast.
Offloading property management to professionals allows more focus on deal flow and strategic investments.
Deep dives
Denver Airport Renovation Concerns
Some parts of the Denver airport renovation have raised concerns, with issues ranging from impractical layouts to design flaws. Examples include bathrooms where handwashing requires a long, inconvenient walk after using the toilets, potentially discouraging proper hygiene practices among users.
Transitioning Property Management Duties
The speaker discusses the process of offloading property management responsibilities to a new property manager, highlighting the challenges and benefits of this transition. By entrusting the management to a professional, the speaker gains more time to focus on deal flow and strategic investments.
Commercial Property Portfolio Development
The speaker shares insights into expanding a commercial property portfolio, mentioning a recent acquisition of a medical outpatient building with a focus on renegotiating leases and enhancing tenant relationships. Additionally, the speaker explores the evolving commercial real estate landscape, adapting property naming conventions to align with current market trends.
Challenges and Opportunities in Real Estate Investing
The conversation delves into the evolving perceptions of office properties in commercial real estate investing, with a shift towards rebranding medical office buildings as medical outpatient facilities to align with market preferences. The speakers discuss capitalizing on misconceptions surrounding office properties and seek opportunities in suburban office spaces resilient to current market trends.
Enjoy this episode of Everyday CRE, which is less of an interview, and more of a conversation between friends who happen to invest in commercial real estate.