The Commercial Real Estate Investor Podcast

Key Takeaways:- Tyler believes that while office space may decline, it will not disappear completely and flexibility will be important going forward- Flex space is a high-demand asset class with low supply due to redevelopment of existing flex properties- Commercial real estate values have already declined by around 25% and more declines may come as sellers are forced to lower prices- It's still a good time to buy commercial real estate if the numbers work, as properties will appreciate over the long run - The market is becoming more of a buyers market, which provides opportunities but will require more work to find good deals- Interest rates increasing have already slowed the commercial real estate transaction volumehttps://www.tylercauble.com/podcast/episode174

Key Takeaways:Commercial real estate has been slow to adopt new technologies compared to residential real estateProp tech (property technology) is evolving rapidly, with new tools for things like 3D scans, floor plans, analytics, and moreThe future of commercial brokerage is uncertain but brokers will likely still provide value as advisors on complex dealsEmerging technologies like AI, AR/VR, and flexible/short-term leasing models could continue to impact the industryData quality and accessibility remain issues, with opportunities for new platforms to improve on incumbents like CoStarhttps://www.tylercauble.com/podcast/episode173

Key Takeaways:Industrial outdoor storage properties can provide a good covered land play through cash flow from truck parking and potential for appreciation through different exit strategies like selling to investors, developers, or tenants.It's important to find properties in good locations near major highways and without crime or security issues when evaluating potential sites.Self-management is possible but requires flexibility and a system to efficiently handle tenant issues as they come up. Outsourcing management tasks can help scale the business.Utilities, taxes, insurance and management are the main ongoing expenses, while truck space rentals around $175/month each can provide good gross income if the property is mostly leased.https://www.tylercauble.com/podcast/episode172

Key Takeaways:- Marketing is crucial for commercial real estate investors to raise capital and find deals- It's important to determine your target audience and understand their perspective- Building trust and credibility is important, especially without a track record of success- Consistency and quality are important in marketing, not just quantity across many channels- Telling your story through various mediums like photos, videos, newsletters is effective- Offering memorandums should clearly convey opportunity, team, risks, projections to investorshttps://www.tylercauble.com/podcast/episode171

Nashville, ranked #1 for emerging trends, is investing billions in projects like the Titans stadium and airport expansion. Office real estate faces existential crisis. Affordable housing shortage needs continued investment. Flexible workspaces and mobility solutions discussed. AI's potential and concerns raised in design and optimization.

One of the most important skills you can have in commercial real estate is your ability to negotiate leases. Whether you're a broker, business owner, or a landlord, your negotiation skills can be the difference between a successful deal and one that can come back to haunt you later. Today, we're diving into how to negotiate commercial leases, as well as some tips and tricks we've picked up along the way.https://www.tylercauble.com/podcast/episode169

Key Takeaways:- Tyler's commercial brokerage is aiming to increase sales volume by 500% next year through goal setting and action plans with brokers.- Tyler takes an annual month-long sabbatical in December/January to rest and work on other projects.- The commercial real estate market outlook seems gloomy according to Tyler and other investors on the roundtable, with defaults expected to double in the coming months.- Office loan defaults are around 87-89% already, which will likely cause issues for banks.- Tyler recommends prospecting for off-market deals by handwriting letters to 600 property owners and following up quarterly for potential leads.- Tyler's underwriting process is very conservative, targeting a 12% cap rate and stress testing for downside scenarios. He is currently only looking at deals that cash flow from day one.https://www.tylercauble.com/podcast/episode168

When you're first getting started in commercial real estate, it's important that you focus on a specific type of commercial property - office, retail, industrial, hospitality, etc. Doing so will allow you to go an inch wide and a mile deep so that you can better understand how that one property type works and branch out from there. But which type of commercial property should you focus on? Today, we're diving into the asset types that we like to buy and why we decided to focus on those properties.https://www.tylercauble.com/podcast/episode167

Key Takeaways:Tyler visited a large office building in Dallas that was converted into corporate co-working space and thought it showed the future of office space. He thinks gas stations, especially in rural areas, can still be a good investment even with the rise of electric vehicles since many vehicles and equipment won't be electric anytime soon.He recommends always doing a Phase I environmental report for commercial real estate deals to understand any contamination risks.He thinks value-add deals that require renovations can be a good way for first-time commercial real estate investors to build wealth faster than with passive triple net lease investments.https://www.tylercauble.com/podcast/episode166

Commercial real estate is a capital intensive asset class, meaning it takes a lot of money to pull these deals together. But you, personally, don't have to have that cash on hand in order to pull these deals off. We're diving into utilizing commercial real estate brokerage as an income stream and how to start buying commercial real estate investments even if you're broke.https://www.tylercauble.com/podcast/episode165