Commercial Real Estate Professionals who work with Investors, Buyers and Sellers of Commercial Real Estate. We discuss today's opportunities, problems & solutions in Commercial Real Estate.
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October 27, 20261 min
BIGGEST RISK with DJ Van Keuren
J Darrin Gross And so, if you're willing, I'd like to ask you, DJ Van Keuren, what is the BIGGEST RISK? DJ Van Keuren Lack of education, honestly, because I I think that, and if you think about it, you know somebody spent their whole life in tires or chemicals, and when they get out, they have all this money, and they don't understand hedge funds and private equity and venture capital and real estate. They don't understand insurances that can help with what they're doing, estate planning, foundations, right? Probably due diligence and everything else. And as I said before, the people that's typically hired is based upon trust, and so they don't know these things either. And people spend their whole life in just one area, whether it's insurance or venture capital, you know, middle market, healthcare. So I think it's a matter of of back to knowing what you don't know and and trying to understand, I think the biggest risk is is sort of going through blindly, and and that means either educating yourself properly or surrounding yourself with people that really understand like yourself. www.evergreenpropertypartners.com dj@evergreenpropertypartners.com djvk@foreinstitute.com
October 22, 202642 min
AI Real Estate Human Loop - CRE PN #571
Today, my guest is Kevin Krone. Kevin is the founder of Real Estate AI Studio in California. He spent years in commercial real estate operations and development, including asset management, on a 1.5 billion multifamily portfolio at related companies. And now he builds the AI systems for commercial real estate firms, brokerages, owners, and operators, and in just a minute we're going to talk with Kevin Krone about AI for commercial real estate professionals. https://www.realestateaistudio.com/ https://www.linkedin.com/in/kevin-krone/
October 20, 20263 min
BIGGEST RISK with Kevin Krone
J Darrin Gross I'd like to ask you, Kevin Krone, what is the BIGGEST RISK? Kevin Krone Right, definitely, and there's there's definitely a few ways to to peel that banana. Just because, again, you know, sometimes it's there's the obvious, which we just talked about, which is which is the cyber component, which is hey, you know, we just don't want to delete our entire database. I think that's one of the more obvious risks: is the data security. I think the other risk that a lot of people face, which they don't realize, is the token, like the investment required, the like the forward-looking investment and being able to nail down a number, meaning that a lot of companies that have adopted have accidentally set no limits and have run you know $100,000 AI bills in their small business because it's not properly set up right, and you know the AI as powerful as it is to connect to your tools, you know, with an improper setup, again, could draw immensely on credits and costs. So I would say, kind of like an accidental misfire, I guess, to sum up, would be the biggest risk, which is I've deleted all of my data. I've accidentally emailed 50 of my clients the wrong email to send out because it's automated and there's ways to to caveat against this or to to protect yourself against kind of these axle misfires. But there's been you've seen the cases in court with lawyers citing or maybe haven't, but there's been lawyers where in court they've cited cases that don't exist, and so that human in the loop comment content concept, sorry, is so critically important. And a lot of people say, "Oh, AI is going to take my job. Yeah, I hear that. You know, there used to also used to be people that went around filling lamps with oil, but we seem to have made it past that innovation, and so the biggest risk is really you need a human in the loop. I don't know if this is a right now thing or a forever thing. I think it could be a forever thing, depending on how laws assign entities to AI agents of like, if a corporation can be a person, can an agent you know be a person and what have you? And so having that person in the loop again is now now we're not going to accidentally submit a prompt that will delete all of our data. Now we won't send out 50 incorrect emails. We won't pay the wrong person. We won't cite. Correct court cases. That human in the loop concept is the most important component of of using AI right now, because especially for real estate, it's such a relationship business that you know a lot of people don't want to see that anyway. And in terms of that, I mean, they don't want it to be just AI tech talking to AI. It's a very kind of personal business, and so as it relates to the biggest risk, as as good as AI is, you know, it's still up to us to to do our jobs. https://www.realestateaistudio.com/ https://www.linkedin.com/in/kevin-krone/
October 15, 202644 min
Franchise Ownership vs Commercial Real Estate with Giuseppe Grammatico - CRE PN #570
Today, my guest is Giuseppe Grammatico. Giuseppe is a franchise veteran, coach, author, speaker, and consultant. Giuseppe is the founder of GG the Franchise Guide, where he advises corporate professionals, executives in transition, and military veterans on how to evaluate and enter franchise owners ownership. https://www.linkedin.com/in/giuseppe-grammatico ggthefranchiseguide.com
October 13, 20263 min
BIGGEST RISK with Giuseppe Grammatico
J Darrin Gross I'd like to ask you, Giuseppe Grammatico, what is the BIGGEST RISK? Giuseppe Grammatico Two-parter. I think number one, by not not taking a chance on yourself and looking at a business, the risk is missed opportunity, the what ifs and the regrets. That that that's just the short. I say two part. That's the short one is not not giving it a shot and then regretting that and your last days on earth. And I think that's a huge risk, different type of risk, but betting on yourself and not just going with the safe what you feel at that time is the safest bet. Now you move forward with the business. What what's the biggest risk? Well, it's your it's your investment. It's your time. This thing doesn't work. It's the it's the money you put it you put up front. And what I tell everyone is that yes, there's absolutely a risk in any business, franchise or not. You can minimize it by obviously doing your due diligence, not rushing into a business because your neighbor did well with a certain franchise. So, with that being said, the the risk at hand is the investment you put into the business. So just say we'll call it 200k in. It's not working for whatever reason you're looking to sell. You don't walk away from the business. You are potentially selling the business, and you may sell the business for what you put in. It may be a little bit less; could potentially be a little bit more if there was some revenue generated. But there is a financial and time risk-the time that you put in that you didn't generate the income. It's also the financial risk. You put the $50,000 franchise fee down payment. Now you you've run it, put another 50k to run it for three months. It's not generating revenue, not working out. So do you lose 100k? The answer is no, because you're not walking away from it. You can go back to the franchisor. They're going to have you. They're going to either help you sell it, and or you could do it on your own. So depending on the route, you may take a hit, maybe a broker fee in there, maybe a flat fee, whatever the case may be, to sell that business. But there's absolutely a financial risk that that comes into play, like you'll you'll have with any other business. With a franchise, I feel like it'll be a little bit easier to to sell, just because you'll if it's a more of an established brand, you have a network of other franchisees to go to. If not, there are 1000s of franchise coaches like myself that will be able to put that in front of their families and candidates to help you sell it. So, so there's definitely risk in there. What I recommend to everyone is, you know, set up the right legal entity, work with an attorney and accountant to set that up. And something I didn't know if I could give, you know, my biggest piece of advice is create a successor plan. I did not have that. I didn't know what the hell that was my first year in business, 27 years old. And a successor plan has two parts: who takes over the business, should something happen to you, get hit by a bus, you're in the hospital, you're in a coma, and then. Who takes over the actual assets? Who owns the business? So, for example, for me, it was my wife owned complete had complete control of the business and assets, and then I had someone else, a neighboring franchisee, that would take over the day to day. It could be the same person depending on who it is, but my spouse had her own job. She wasn't involved in the business, so she wouldn't be able to run the day to day. So, having that successor plan in place. So what does all all that mean at the end of the day? The misc is never the risk never goes away. https://www.linkedin.com/in/giuseppe-grammatico ggthefranchiseguide.com
Today, my guest is Rhett Fruitman. Rhett is a co-founder and CEO of Inherited Property Match, a nationwide service that connects heirs, executors, and trustees with real estate brokers who specialize in selling inherited properties. And in just a minute. We're going to speak with Rhett about inherited property issues and solutions. https://inheritedpropertymatch.com/ https://www.linkedin.com/in/rhettfruitman/
October 6, 20260 min
BIGGEST RISK with Rhett Fruitman
J Darrin Gross I'd like to ask you, Rhett Fruitman, what is the BIGGEST RISK? Rhett Fruitman I would say the biggest risk in the context of inheriting property is not having everyone aligned, as I was saying with the siblings, where that's like it's not the problem is it's not even a black. Swan risk-it's just like a general 30 or 40% of the time risk. In terms of like life black swan risks, as we were talking earlier, you know, humanoid robots taking over the world or something. But in general, in inherited property, the the big risk that you can try to prevent is sibling disagreement. https://inheritedpropertymatch.com/ https://www.linkedin.com/in/rhettfruitman/
October 1, 202643 min
Autonomous Vehicles Urban Depots with Dan Keene - CRE PN #568
Today, my guest is Dan Keane. Dan is a second-time mobility founder who co-founded PushMe and scaled it to 5,000 battery swap sites across 40 cities before Tier acquired it in 2020, a Forbes 30 Under 30 honoree. He led Deliveroo across 20 markets after a merge an M&A at Green Hill. https://www.linkedin.com/in/dancbkeene/
September 29, 20261 min
BIGGEST RISK with Dan Keene
J Darrin Gross I'd like to ask you, Dan Keane, what is the BIGGEST RISK? Dan Keene Great question. I will. I'll pull it back to robo taxis, just because we've been looking at this risk quite a bit today. Robo taxis are inspected by human eyes, and we think eyes generally tend to miss things. And what I mean by that, every time a vehicle comes back to a centralized depot one to three times per day, a human will do a full inspection. Now, I'm not talking about the cleanliness of the vehicle here. I'm talking about the tire tread. I'm talking about safety features of the vehicle, maybe an indicator is out, etc. etc. So there's a lot of risk there, and very difficult to underwrite that risk when when it's a human checking. What we can do with what we're building with ASEAN, we use cameras, we use machine learning, we can check all these things, we can record it, and we can pass it along to to insurers or under underwriters, whoever it might be. So yeah, I was a bit boring there. I brought it back to robo taxis, but it's it's obviously a it's an extension of of automobiles, right? And and the the insurance industry around that is is massive. So there's a lot of opportunities there. https://www.linkedin.com/in/dancbkeene/
September 24, 202644 min
Artificial Intelligence The Need to Future Proof Your Real Estate Business with David Dean - CRE PN #567
Today, my guest is David Dean. David is an author, speaker, and business AI realist who explores how artificial intelligence reshapes work, judgment, and accountability in organizations. And in just a minute, we're going to talk with David Dean about artificial tel intelligence, adapt and or how to adapt and future-proof your business. https://www.davidchristopherdean.com/
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