Commercially Speaking Podcast- Commercial Real Estate Investing That Entertains

Bo Barron, CCIM | Timmy Barron, ADHD
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Aug 14, 2023 • 32min

E021: Top 10 Commercial Real Estate Investor Missteps: Are You Making Them Too?

Join Bo Barron, CCIM, and his humorously candid brother, Timmy Barron, ADHD, as they dive deep into the world of Commercial Real Estate Investing. In this episode, Bo, with his vast expertise as a CCIM Instructor and Director of Barron Commercial Group, breaks down the top 10 mistakes he's seen when buying commercial real estate. Are you making them too? Meanwhile, Timmy, the entertainer of the two, brings his unique perspective, reminiscing about their dad, running for office, high school punishments, and the sneaky art of "covering tracks" (something he never thought to figure out). It’ll make you laugh, think, and maybe even facepalm a little. ⏰Time Code⏰ 00:00 - Start 01:33 - 1. Price 04:25 - 2. Cap Rates 06:37 - 3. Margin For Error 08:54 - 4. The Market Always Rises 10:33 - 5. Due Diligence 12:28 - 6. Respect The Debt 15:44 - 6. Underwriting 16:51 - 8. Deal Fever 21:15 - 9. No Exit Plan 23:11 - 10. Failing To Know The Local Market 25:25 - Quickie Quiz 🔔 Subscribe for more Commercial Real Estate like you've never enjoyed it before, check out our previous episodes, and join our email list for exclusive insights into the world of CRE! 📒Show Notes📒 Email list: tinyurl.com/CRE-Podcast-sign-up 📲 Connect with us: Subscribe to our Youtube: https://www.youtube.com/@commerciallyspeaking Instagram: https://www.instagram.com/commerciallyspeaking/ Facebook: https://www.facebook.com/commerciallyspeaking Tiktok: https://www.tiktok.com/@commerciallyspeaking Twitter: https://twitter.com/comspeakpod Newsletter: https://barron-commercial-group.ck.page/keep-me-informed Where to listen: Apple: https://podcasts.apple.com/us/podcast/commercially-speaking/id1680750330 Spotify: https://podcasters.spotify.com/pod/show/commerciallyspeaking Amazon Music: https://music.amazon.com/podcasts/ad036303-414c-4e30-9e89-768d30ed3ffb/commercially-speaking Google: https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kYWQ2OTY2Yy9wb2RjYXN0L3Jzcw Youtube: www.youtube.com/@CommerciallySpeaking ---- 📲 Connect with us: Subscribe to our Youtube: https://www.youtube.com/@commerciallyspeaking Instagram: https://www.instagram.com/commerciallyspeaking/ Facebook: https://www.facebook.com/commerciallyspeaking Tiktok: https://www.tiktok.com/@commerciallyspeaking Twitter: https://twitter.com/comspeakpod Newsletter: https://barron-commercial-group.ck.page/keep-me-informed ---- Bo is the owner and operator of Barron Commercial Group in Owensboro, KY servicing the Western KY and surrounding markets. For all CRE inquiries visit http://www.barroncommercial.com Timmy is an actor, comedian, writer and host. You can follow him pretty much everywhere @timmyhartbarron
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Aug 7, 2023 • 37min

E020: Inside The Deal: The UNDERWRITING SECRETS of a Bank-to-Office Conversion | Real World Example

Are you considering investing in commercial real estate? Commercial properties have long been a lucrative investment opportunity, offering significant returns and diversification benefits. However, the underwriting process can be complex and daunting, especially for first-time investors. Bo Barron, CCIM takes Timmy Barron, ADHD and you through a real CRE deal from start to finish offering an in depth look at the numbers, what they are telling you and how to determine if you should invest or not! This episode will demystify the underwriting process, providing you a transparent look at how he underwrites all potential investments and how you can also navigate this critical step in buying a commercial building. In a post COVID world there is a unique opportunity that should not be overlooked no matter where you are in the U.S. The best part is that anyone can duplicate this business strategy, unwriting process and be equipped to find the hidden deals that can come from the mass closing of bank branches across the country. Remember to like, comment, and share this video with fellow real estate enthusiasts who are eager to take their CRE game to the next level. Get ready to demystify the demand gap and become a master of predictive analysis! Get yourself an office at The Hub Space: https://barroncommercial.com/services/private-offices/ ⏰Time Code⏰ 00:00 - Start 01:47 - Behind The Curtain 02:26 - A Unique Opportunity 07:27 - The Underwriting 14:22 - The Transformation 16:39 - A Model That Can Be Duplicated 18:37 - Executive Suites vs Co-Working Space? 19:53 - What Type Of People Are Using Executive Suites? 23:47 - Story Time: $ Through The Tubes 25:27 - Where Did This Idea Come From? 31:33 - Pop Quiz 📒Show Notes📒 Signup for our email list: tinyurl.com/CRE-Podcast-sign-up Subscribe: Youtube: www.youtube.com/@CommerciallySpeaking Apple Podcasts: https://podcasts.apple.com/us/podcast/commercially-speaking/id1680750330 Spotify: https://podcasters.spotify.com/pod/show/commerciallyspeaking Amazon Music: https://music.amazon.com/podcasts/ad036303-414c-4e30-9e89-768d30ed3ffb/commercially-speaking Google: https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kYWQ2OTY2Yy9wb2RjYXN0L3Jzcw ---- 📲 Connect with us: Subscribe to our Youtube: https://www.youtube.com/@commerciallyspeaking Instagram: https://www.instagram.com/commerciallyspeaking/ Facebook: https://www.facebook.com/commerciallyspeaking Tiktok: https://www.tiktok.com/@commerciallyspeaking Twitter: https://twitter.com/comspeakpod Newsletter: https://barron-commercial-group.ck.page/keep-me-informed ---- Bo is the owner and operator of Barron Commercial Group in Owensboro, KY servicing the Western KY and surrounding markets. For all CRE inquiries visit http://www.barroncommercial.com Timmy is an actor, comedian, writer and host. You can follow him pretty much everywhere @timmyhartbarron
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Jul 24, 2023 • 24min

E018: The Episode No One Was Suppose To Hear | E000

Welcome to a very special episode of "Commercially Speaking". The one no one was suppose to hear. We've had this sitting on a hard drive since it was edited in January 2023. It was meant as a proof of concept. Could Bo and Timmy pull this off from different locations? Would a Commercial Real Estate expert and a Commercial Real Estate idiot prove to be enjoyable. Is this sustainable? But most importantly, why even do it? Connect with us on: Youtube: https://www.youtube.com/@commerciallyspeaking Instagram: https://www.instagram.com/commerciallyspeaking/ Facebook: https://www.facebook.com/commerciallyspeaking Tiktok: https://www.tiktok.com/@commerciallyspeaking Twitter: https://twitter.com/comspeakpod Newsletter: https://barron-commercial-group.ck.page/keep-me-informed" 📒Show Notes📒 Subscribe and listen to Commercially Speaking Here: Youtube: www.youtube.com/@CommerciallySpeaking Apple: https://podcasts.apple.com/us/podcast/commercially-speaking/id1680750330 Spotify: https://podcasters.spotify.com/pod/show/commerciallyspeaking Amazon: https://music.amazon.com/podcasts/ad036303-414c-4e30-9e89-768d30ed3ffb/commercially-speaking Google: https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kYWQ2OTY2Yy9wb2RjYXN0L3Jzcw ---- --- Bo is the owner and operator of Barron Commercial Group in Owensboro, KY servicing the Western KY and surrounding markets. For all CRE inquiries visit http://www.barroncommercial.com Timmy is an actor, comedian, writer and host. You can follow him pretty much everywhere @timmyhartbarron
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Jul 17, 2023 • 32min

E017: Commercial Real Estate Is In Trouble | Responding To YOUR Comments

Welcome to "Commercially Speaking," your ultimate guide to mastering Commercial Real Estate (CRE) investing. Bo Barron, CCIM and his actor brother Timmy Barron, ADHD, dive deep into the world of CRE as Bo offers insights, strategies, and expert advice to help you navigate the market and maximize your investments. Commercial Real Estate like you've never enjoyed it before. In this very special episodes, we are taking to the comment section and offering our advice, answers and bewilderment. Some of what you can expect: 'The Unknown Unknowns' - Finding the black swan in every negotiation. 'Landlords are Leeches' - Debunking myths and understanding the true role and value of landlords in CRE. 'THE HOUSING CRISIS!' - Navigate the housing crisis and understand its impact on the CRE market. 'Cold Calls/Prospecting' - Learn effective strategies for prospecting and ways to automate the process. 'How To Put Your Team Together' - Discover how to assemble a top-performing team for your CRE ventures. 'Off Track Horse Betting' - Timmy wasn't the only one with a broken brain. But he IS a quickish learner! Here's what we now know. 'Where To Find CCIM Classes?' - Your guide to finding and benefiting from CCIM classes. 'CRE is Cratering' - Understand market trends and how to navigate downturns in the CRE market and learn the importance of diving deeper than the headlines. Whether you're a seasoned investor or a newcomer to CRE, 'Commercially Speaking' offers invaluable insights to help you succeed. Subscribe to our channel for regular updates, and don't forget to like, comment, and share our videos with your network of real estate enthusiasts. Links mentioned in the show: Prospecting Coaching: https://massimo-group.com/programs/ CRE Education: https://www.ccim.com/education/ Up-to-date CRE info Podcast: https://www.trepp.com/the-treppwire-podcast Connect with us on: Youtube: https://www.youtube.com/@commerciallyspeaking Instagram: https://www.instagram.com/commerciallyspeaking/ Facebook: https://www.facebook.com/commerciallyspeaking Tiktok: https://www.tiktok.com/@commerciallyspeaking Twitter: https://twitter.com/comspeakpod Newsletter: https://barron-commercial-group.ck.page/keep-me-informed" ⏰Time Code⏰ 00:00 - Start 01:16 - 1: The Unknown Unknowns 03:32 - 2: Landlords are Leeches 06:12 - 3: THE HOUSING CRISIS! 11:25 - 4: Cold Calls/Prospecting 17:54 - Identify Your Specialty 19:57 - 5: How To Put Your Team Together 22:03 - 6: Off Track Betting 23:54 - 7: Where To Find CCIM Classes? 25:57 - 8: CRE is Cratering Thanks for the comments: @Shlumpty12 @BaileybirdGNO @Yawner812 @kellyburke6847 Bo is the owner and operator of Barron Commercial Group in Owensboro, KY servicing the Western KY and surrounding markets. For all CRE inquiries visit http://www.barroncommercial.com Timmy is an actor, comedian, writer and host. You can follow him pretty much everywhere @timmyhartbarron 📒Show Notes📒 Subscribe and listen to Commercially Speaking Here: Youtube: www.youtube.com/@CommerciallySpeaking Apple: https://podcasts.apple.com/us/podcast/commercially-speaking/id1680750330 Spotify: https://podcasters.spotify.com/pod/show/commerciallyspeaking Amazon: https://music.amazon.com/podcasts/ad036303-414c-4e30-9e89-768d30ed3ffb/commercially-speaking Google: https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kYWQ2OTY2Yy9wb2RjYXN0L3Jzcw
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Jul 11, 2023 • 35min

E016: Data-Driven CRE Investing: Master Predictive Analysis to Gain a Competitive Edge

Welcome back to "Commercially Speaking," the podcast where we bring you valuable insights and knowledge to conquer the world of commercial real estate (CRE). Join us as Bo Barron, CCIM unravels the complexities of the demand gap, providing you with a clear understanding of this crucial concept. Discover how predictive analysis can be your secret weapon in making informed decisions and gaining a competitive edge in the CRE market. We'll dive into the four food groups of commercial real estate: retail, industrial, office, and residential, as we explore how predictive analysis uncovers hidden opportunities within each sector. Gain the tools and knowledge to identify emerging market trends and navigate the ever-changing landscape of CRE with confidence. By the end of this episode, you'll have a solid grasp of predictive analysis and its practical applications in your CRE endeavors. No more guesswork—just data-driven strategies that will elevate your success. Don't miss this opportunity to gain a competitive advantage in the world of commercial real estate. Subscribe to our podcast and be the first to access exclusive episodes filled with expert insights and valuable tips. Remember to like, comment, and share this video with fellow real estate enthusiasts who are eager to take their CRE game to the next level. Get ready to demystify the demand gap and become a master of predictive analysis! ⏰Time Code⏰ 00:00 - Start 02:15 - Basic Jobs RECAP 05:58 - DEMAND MODEL 07:17 - The 4 Food Groups of CRE 08:43 - Gap Analysis 20:47 - Story Time - Opening a MUSIC BAR 23:44 - Story Time - Sayin no to a VAPE SHOP 25:07 - TURN YOUR DREAM INTO REALITY: The first 3 steps 28:22 - Quickie Quiz! 32:12 - Bonus Story Time 📒Show Notes📒 🎉Join the party, stay informed, access bonus content, the blog and more: tinyurl.com/CRE-Podcast-sign-up Subscribe and listen to Commercially Speaking Here: Youtube: www.youtube.com/@CommerciallySpeaking Apple: https://podcasts.apple.com/us/podcast/commercially-speaking/id1680750330 Spotify: https://podcasters.spotify.com/pod/show/commerciallyspeaking Amazon Music: https://music.amazon.com/podcasts/ad036303-414c-4e30-9e89-768d30ed3ffb/commercially-speaking Google: https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kYWQ2OTY2Yy9wb2RjYXN0L3Jzcw ---- 📲 Connect with us: Subscribe to our Youtube: https://www.youtube.com/@commerciallyspeaking Instagram: https://www.instagram.com/commerciallyspeaking/ Facebook: https://www.facebook.com/commerciallyspeaking Tiktok: https://www.tiktok.com/@commerciallyspeaking Twitter: https://twitter.com/comspeakpod Newsletter: https://barron-commercial-group.ck.page/keep-me-informed ---- Bo is the owner and operator of Barron Commercial Group in Owensboro, KY servicing the Western KY and surrounding markets. For all CRE inquiries visit http://www.barroncommercial.com Timmy is an actor, comedian, writer and host. You can follow him pretty much everywhere @timmyhartbarron
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Jul 3, 2023 • 32min

E015: Unleash Your Competitive Edge: Quarterly Market Reports for Commercial Real Estate

Dive into the world of Commercial Real Estate (CRE) with our comprehensive quarterly market reports. This video is your gateway to understanding the latest trends, opportunities, and challenges in the local and national markets.Our reports, curated by industry expert Bo Barron, CCIM, offer an in-depth analysis that will equip you with the knowledge to outperform the competition. Learn how to spot emerging sectors, identify lucrative investment opportunities, and navigate potential risks with confidence.Whether you're a seasoned CRE professional or a newcomer, our quarterly market reports are your secret weapon. They offer a deeper understanding of your market, enabling you to make strategic decisions that deliver exceptional results.Subscribe to our channel and gain the competitive edge you need to excel in commercial real estate.Engage with our community of real estate enthusiasts by liking, commenting, and sharing this video. Stay tuned for more invaluable insights and market reports that will take your CRE knowledge to new heights!Market Report Access: https://barron-commercial-group.ck.page/d453eb7bfd Connect with us on:Youtube: https://www.youtube.com/@commerciallyspeakingInstagram: https://www.instagram.com/commerciallyspeaking/Facebook: https://www.facebook.com/commerciallyspeakingTiktok: https://www.tiktok.com/@commerciallyspeakingTwitter: https://twitter.com/comspeakpodNewsletter: https://barron-commercial-group.ck.page/keep-me-informed" 📒Show Notes📒 Signup to our newsletter: tinyurl.com/CRE-Podcast-sign-up Subscribe and listen to Commercially Speaking Here: Youtube: www.youtube.com/@CommerciallySpeaking Apple: https://podcasts.apple.com/us/podcast/commercially-speaking/id1680750330 Spotify: https://podcasters.spotify.com/pod/show/commerciallyspeaking Amazon Music: https://music.amazon.com/podcasts/ad036303-414c-4e30-9e89-768d30ed3ffb/commercially-speaking Google: https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kYWQ2OTY2Yy9wb2RjYXN0L3Jzcw ⏰Time Code⏰ 00:00 - Start 03:38 - The National Market 07:35 - Local Market 09:38 - Retail 13:08 - Industrial 16:53 - Office 21:11 - Multifamily 23:23 - Quickie Quiz --- Bo is the owner and operator of Barron Commercial Group in Owensboro, KY servicing the Western KY and surrounding markets. For all CRE inquiries visit http://www.barroncommercial.com Timmy is an actor, comedian, writer and host. You can follow him pretty much everywhere @timmyhartbarron
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Jun 26, 2023 • 35min

E014: Is Commercial Real Estate Investing Worth It?: Insider Tips & Strategies

Welcome to another episode of "Commercially Speaking" where Bo Barron, CCIM, and his hilarious brother Timmy Barron dive into the world of commercial real estate (CRE) like you've never experienced before! Are you wondering if commercial real estate investing is worth it? Look no further as Bo Barron, CCIM, shares his expertise and sheds light on how to maximize your profitability on every CRE investment you do from here on out. Discover why seasoned investors consistently turn to CRE brokers for BIG returns and long-term financial success. Bo shares insights from his 20 years of experience into the different types of CRE clients, ranging from the ideal client to the ones you should not only avoid but avoid being. You'll discover the qualities that make a CRE brokerage company truly outstanding and how partnering with a top-notch broker can skyrocket your profits in the lucrative world of commercial real estate. We'll uncover the secrets to becoming a great client when working with a CRE broker. Gain a deeper understanding of the client-broker relationship and unlock the potential for real estate success you may not have thought possible. As always, Timmy brings his unique comedic perspective, injecting laughs and entertainment into the mix, even though he may not have any prior CRE experience. Together, they make learning about commercial real estate an absolute blast!Don't miss out on this opportunity to arm yourself with the knowledge and strategies necessary to thrive in commercial real estate investing. Subscribe to "Commercially Speaking" for more insightful episodes, and remember to like, comment, and share this video with fellow real estate enthusiasts. Unlock the door to financial success in commercial real estate. Watch now and embark on your journey to long-term investment prosperity!Whether you're a seasoned investor or a curious newbie, this episode is packed with eye-opening information for you.Tune in to "Commercially Speaking" and hit that subscribe button to join the CRE conversation. Please like, comment, and share this with your fellow real estate enthusiasts. Stay tuned for more exciting episodes of "Commercially Speaking," where we demystify the world of commercial real estate one podcast episode at a time! ⏰Time Code⏰00:00 - Start00:55 - Types of CRE Clients01:07 - Advice Seekers01:33 - Takers03:18 - Untrusting07:22 - The Hound Dog09:35 - Cheapies12:57 - Excluders17:21 - Qualities of A Great Broker18:34 - Liaison/Buffer19:10 - Quarterbacking19:51 - Market and Financial Analysis21:37 - Advice and Guidance22:57 - Proactive Prospecting26:32 - Quickie Quiz30:25 - Answering YOUR Questions📒Show Notes📒 Signup for updates: tinyurl.com/CRE-Podcast-sign-up ---- Subscribe and listen to "Commercially Speaking" here: Youtube: www.youtube.com/@CommerciallySpeaking Apple: https://podcasts.apple.com/us/podcast/commercially-speaking/id1680750330 Spotify: https://podcasters.spotify.com/pod/show/commerciallyspeaking Amazon Music: https://music.amazon.com/podcasts/ad036303-414c-4e30-9e89-768d30ed3ffb/commercially-speaking Google: https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kYWQ2OTY2Yy9wb2RjYXN0L3Jzcw ---- 📲 Connect with us: Subscribe to our Youtube: https://www.youtube.com/@commerciallyspeaking Instagram: https://www.instagram.com/commerciallyspeaking/ Facebook: https://www.facebook.com/commerciallyspeaking Tiktok: https://www.tiktok.com/@commerciallyspeaking Twitter: https://twitter.com/comspeakpod Newsletter: https://barron-commercial-group.ck.page/keep-me-informed ---- Bo is the owner and operator of Barron Commercial Group in Owensboro, KY servicing the Western KY and surrounding markets. For all CRE inquiries visit http://www.barroncommercial.com Timmy is an actor, comedian, writer and host. You can follow him pretty much everywhere @timmyhartbarron
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Jun 19, 2023 • 30min

E013: Everything Apartments with Eric Christopher

Join Bo Barron, CCIM & Timmy Barron, ADHD in this eye-opening episode of "Commercially Speaking." From rising costs to government policies and economic considerations, explore the factors reshaping the allure of California as a real estate investment destination. Gain valuable insights and thought-provoking perspectives that challenge the notion of automatic appreciation solely based on location. Stay ahead of the curve in the ever-changing world of commercial real estate investing. We dive deep into the world of multi-family property investing and uncover the shocking truth behind California's mass exodus. 🏢🌴 What makes a great multi-family operator? The two types of apartment investors you need to know. Prepare to be stunned as we showcase real-life examples of bad apartment management and reveal how savvy investors optimize the sale for maximum returns. 💰 But wait, there's more! We unravel the enigma of Donald Sterling and provide a comprehensive breakdown of asset grades, helping you understand the ins and outs of this lucrative market. Plus, we demystify the world of Section 8 housing and examine whether California's cyclical appreciation is facing a dramatic decline. 📉 Hold on tight because we're also tackling California's mass exodus head-on! Discover the underlying factors that are causing people to flee the Golden State and the potential impact it may have on multi-family property investments. 🚀 If you're a commercial real estate aficionado or an aspiring investor, you can't afford to miss this eye-opening video. Hit that "Play" button now and get ready for a rollercoaster ride through the world of multi-family property investing and California's mass exodus! Don't forget to like, subscribe, and share this video with your fellow property enthusiasts. 📺🔑💼 Special Guest: Eric Christopher  @ericjchris  Everything Apartments: https://www.everything-apartments.com/ 📒Show Notes📒 Sign up! tinyurl.com/CRE-Podcast-sign-up Subscribe and listen to Commercially Speaking Here: Youtube: www.youtube.com/@CommerciallySpeaking Apple: https://podcasts.apple.com/us/podcast/commercially-speaking/id1680750330 Spotify: https://podcasters.spotify.com/pod/show/commerciallyspeaking Amazon Music: https://music.amazon.com/podcasts/ad036303-414c-4e30-9e89-768d30ed3ffb/commercially-speaking Google: https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kYWQ2OTY2Yy9wb2RjYXN0L3Jzcw ⏰Time Code⏰ 00:00 - INTRO 00:40 - The Dog’s Bullocks 02:40 - Special Guest 05:10 - WHAT MAKES A GREAT MF OPERATOR? 05:46 - 2 TYPES of APARTMENT Owners 07:09 - EXAMPLES OF BAD MANAGEMENT 09:48 - OPTIMIZE THE SALE 10:24 - THE ENIGMA OF DONALD STERLING 11:16 - ASSET GRADES EXPLAINED 12:17 - SECTION 8 EXPLAINED 13:11 - RE-CAP RATES 14:10 - IS CALIFORNIA’S CYCLICAL APPRECIATION DYING? 15:13 - CALIFORNIA’S MASS EXODOUS 21:46 - A GREAT DEAL STORY. 23:35 - ACTORS AND BROKERS ARE BASICALLY THE SAME ---- 📲 Connect with us: Subscribe to our Youtube: https://www.youtube.com/@commerciallyspeaking Instagram: https://www.instagram.com/commerciallyspeaking/ Facebook: https://www.facebook.com/commerciallyspeaking Tiktok: https://www.tiktok.com/@commerciallyspeaking Twitter: https://twitter.com/comspeakpod Newsletter: https://barron-commercial-group.ck.page/keep-me-informed ---- Bo is the owner and operator of Barron Commercial Group in Owensboro, KY servicing the Western KY and surrounding markets. For all CRE inquiries visit http://www.barroncommercial.com Timmy is an actor, comedian, writer and host. You can follow him pretty much everywhere @timmyhartbarron
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Jun 12, 2023 • 23min

E012: ChatGPT: The Game-Changer in Commercial Real Estate?

From crafting persuasive emails to combating scammers, generating engaging bios, and aiding in workshop creation, ChatGPT is a game-changer for the industry. Embrace the potential of ChatGPT and unlock new possibilities in commercial real estate operations and marketing strategies. What is ChatGPT used for? We explain the underlying technology behind this cutting-edge language model developed by OpenAI and how it has evolved to become a versatile tool for generating human-like text. Gain insights into its potential applications and the transformative impact it can have in commercial real estate. Can ChatGPT be used in real estate? 1. We share a fascinating anecdote of how ChatGPT crafted a clever and persuasive email response to a scammer, demonstrating its ability to save valuable time and protect real estate professionals from potential fraud. 2. Experience the power of ChatGPT firsthand as we showcase its ability to generate captivating biographies. Follow along as we provide a prompt for ChatGPT to interview us as a Forbes journalist, resulting in a detailed bio. Furthermore, witness the versatility of ChatGPT as it creates bios of varying lengths, ranging from extensive 500-word versions to concise 15-word summaries. 3. Unleash the creative prowess of ChatGPT as we embark on a journey to name our podcast. Explore how ChatGPT generates a multitude of intriguing podcast names based on the given prompt, providing inspiration and sparking ideas for real estate professionals looking to brand their own shows. 4.Unlock the potential of ChatGPT to assist in workshop creation. We illustrate how ChatGPT can be utilized to generate content and ideas for a commercial real estate workshop. From crafting property listings to writing compelling commercials, ChatGPT acts as a valuable collaborator, aiding in the development of engaging and informative workshop material. 5. Discover how ChatGPT can streamline the process of creating property listings. Witness the power of ChatGPT in generating captivating and descriptive property listings, effectively capturing the essence of each property and captivating potential buyers or tenants. 6. Explore the realm of commercial real estate marketing as ChatGPT takes center stage in creating captivating commercials. Witness how ChatGPT generates compelling scripts, highlighting the key features and benefits of commercial properties, ultimately boosting marketing efforts and attracting potential clients. 7. Uncover the potential of ChatGPT in refining cold calling techniques. Join us as we engage in a role-playing scenario, allowing ChatGPT to play the role of a prospect. Discover how ChatGPT's conversational abilities and realistic responses can enhance real estate professionals' cold calling strategies, leading to more effective and engaging client interactions. 📒Show Notes📒 Youtube: www.youtube.com/@CommerciallySpeaking Apple: https://podcasts.apple.com/us/podcast/commercially-speaking/id1680750330 Spotify: https://podcasters.spotify.com/pod/show/commerciallyspeaking Amazon Music: https://music.amazon.com/podcasts/ad036303-414c-4e30-9e89-768d30ed3ffb/commercially-speaking Google: https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kYWQ2OTY2Yy9wb2RjYXN0L3Jzcw Subscribe to our Youtube: https://www.youtube.com/@commerciallyspeaking Instagram: https://www.instagram.com/commerciallyspeaking/ Facebook: https://www.facebook.com/commerciallyspeaking Tiktok: https://www.tiktok.com/@commerciallyspeaking Twitter: https://twitter.com/comspeakpod Newsletter: https://barron-commercial-group.ck.page/keep-me-informed ---- Bo is the owner and operator of Barron Commercial Group in Owensboro, KY servicing the Western KY and surrounding markets. For all CRE inquiries visit http://www.barroncommercial.com Timmy is an actor, comedian, writer and host. You can follow him pretty much everywhere @timmyhartbarron
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Jun 5, 2023 • 33min

E011: Lease Terms Unveiled: Essential Knowledge for CRE Investors, Brokers & Business Owners!

Lease terms can make or break a deal, and it's crucial to read, understand, and ensure that both parties are on the same page. Bo shares valuable insights and stories that highlight the potential pitfalls of overlooking or misunderstanding common lease terms. Whether you're a seasoned investor or a residential agent considering a foray into the world of commercial real estate, this episode serves as a reminder of the importance of familiarizing yourself with these unique terms. Welcome to another engaging episode of "Commercially Speaking"! In this installment, join Bo Barron, CCIM, and Timmy Barron, ADHD, as they dive into the world of lease terms that every CRE investor, user of space, and broker should know. But don't worry, it's not your typical dry discussion. The episode kicks off with a hilarious improv game where Bo tests Timmy's quick thinking by throwing out lease terms for him to comically decipher. Join us as we unravel the secrets of lease terms, providing you with the knowledge and understanding necessary to navigate the CRE landscape with confidence. Don't miss out on this entertaining and educational episode that could save you from a heap of trouble down the road. Target Audience: Commercial real estate investors, brokers, and business owners seeking to enhance their understanding of lease terms and avoid potential pitfalls in CRE deals. Keywords: Commercial real estate, lease terms, CRE investors, brokers, business owners, understanding leases, potential pitfalls, residential agents, unique terms. Remember, knowledge is power, so tune in to "Commercially Speaking" and level up your lease term expertise! 📒Show Notes📒 🎉Join the party, stay informed, access bonus content, the blog and more: tinyurl.com/CRE-Podcast-sign-up Subscribe and listen to Commercially Speaking Here: Youtube: www.youtube.com/@CommerciallySpeaking Apple: https://podcasts.apple.com/us/podcast/commercially-speaking/id1680750330 Spotify: https://podcasters.spotify.com/pod/show/commerciallyspeaking Amazon Music: https://music.amazon.com/podcasts/ad036303-414c-4e30-9e89-768d30ed3ffb/commercially-speaking Google: https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kYWQ2OTY2Yy9wb2RjYXN0L3Jzcw ⏰Time Code⏰ 00:00 - Intro 01:14 - Whose Term Is It Anyway? 03:44 - Real World Example 1 (Letter Of Intent) 13:25 - Real World Example 2 (Lost in Translation or Ass?) 14:57 - Real World Example 3 (Who’s Responsible?) 16:37 - Real World Example 4 (Unique Circumstance) 18:41 - Whose Term Is It Anyway? II: The Real Definitions 28:14 - Pop Quiz! 31:57 - Next Week: CRE & ChatGPT ---- 📲 Connect with us: Subscribe to our Youtube: https://www.youtube.com/@commerciallyspeaking Instagram: https://www.instagram.com/commerciallyspeaking/ Facebook: https://www.facebook.com/commerciallyspeaking Tiktok: https://www.tiktok.com/@commerciallyspeaking Twitter: https://twitter.com/comspeakpod Newsletter: https://barron-commercial-group.ck.page/keep-me-informed ---- Bo is the owner and operator of Barron Commercial Group in Owensboro, KY servicing the Western KY and surrounding markets. For all CRE inquiries visit http://www.barroncommercial.com Timmy is an actor, comedian, writer and host. You can follow him pretty much everywhere @timmyhartbarron

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