How to Extend Your Building Roof Life with Dennis Ghormley - CREPN #218
Commercial Real Estate Pro Network
Release Date: 10/17/2019
Multifamily Leasing Strategy Training Courses with Peter Roisman - CRE PN #532
Commercial Real Estate Pro Network
Today, my guest is Peter Roisman. Peter Roisman is the CO founding principal, President and CEO of REV, the multifamily leasing company, a Houston based venture established in 2019. Under his leadership, REV has become a trailblazer in multifamily leasing management and training, and in just a minute, we're going to speak with Peter Roisman about leveraging data for improved multifamily leasing results.
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BIGGEST RISK with Peter Roisman
Commercial Real Estate Pro Network
J Darrin Gross If you're willing, I'd like to ask you, Peter Roisman, what is the BIGGEST RISK? Peter Roisman Well, the biggest risk, in my mind, for besides physical property itself, is the occupancy and and and the rental rates. So if you have an underperforming leasing team. And your occupancy drops into the 80s, you know. And at one point, 15% of the properties in Houston were under 85% you're at risk. That is, that is a high risk, too. So in to flip that, to address that risk, you have to be high performing at leasing, which, which means you're not at risk at all. You're lowering...
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Infinite Banking Money Multiplier Method with Brent Kessler - CRE PN #531
Commercial Real Estate Pro Network
Today, my guest is Brent Kessler. Brent Kessler was a chiropractor, and after implementing the money multiplier method, Brent paid off $984,711 in third party debt in 39 months, he became so passionate about how powerful this concept was, he began sharing it with others, and in just a minute, we're going to talk with Brent Kessler about Infinite Banking through the Money Multiplier Method.
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BIGGEST RISK with Brent Kessler
Commercial Real Estate Pro Network
J Darrin Gross And so if you're willing, I'd like to ask you. Brent Kessler, what is the biggest risk? Brent Kessler Yeah, well, let me answer it a couple different ways on there. But so as far as a risk, okay, as far as in our business, and what we do when you have this type of policy, I tell people all the time, there is no risk at all, because nobody's ever lost money in a whole life insurance policy. But then I stop, and I say, wait a minute, there is one risk. The risk is you, the risk is you the client and how you use the policy. So you're the only one that can screw this up. You...
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Commercial Real Estate Market Cycle with Travis Watts - CRE PN #530
Commercial Real Estate Pro Network
Today, my guest is Travis Watts. Travis is a multifamily apartment investor, public speaker and the Director of Investor Development at Ashcroft Capital. And in just a minute, we're going to speak with Travis Watts about Lessons Learned Through the Market Cycle 2022 to 2025.
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BIGGEST RISK with Travis Watts 2025
Commercial Real Estate Pro Network
J Darrin Gross I'd like to ask you. Travis Watts, What is the BIGGEST RISK? Travis Watts I would say, in 25 we talked a lot about market and rates and the discounts, and you know why we're bullish, or why I'm bullish on multifamily, I would say it's more than ever. It's the operator that you're about to invest with. Okay, do they have a lot of distress on their books? Are they losing properties currently? Are they not? Not that any single answer to that is like a red flag and rule them out. But you want to dive a little deeper and make sure that they're dedicated to staying in this...
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Affordable Housing Public-Private Partnerships with Danielle Ash - CRE PN #529
Commercial Real Estate Pro Network
Today, my guest is Danielle Ash. Danielle Ash is a partner in the real estate group and co chair of the ground leases practice as well as the impact practice at Adler & Stachenfeld, a law firm based in New York that is solely focused on real estate. And in just a minute, we're going to speak with Danielle Ash about Demystifying the Reality of Affordable Housing Returns and Risk Profiles.
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BIGGEST RISK with Danielle Ash
Commercial Real Estate Pro Network
J Darrin Gross I'd like to ask you. Danielle Ash, what is the BIGGEST RISK? Danielle Ash Well, I'm going to give a self serving answer, and then I'm going to give more of an investor based type answer. So the self serving answer, I think, is, you know, people come to me from all different sectors of real estate and at all different parts of their career, from early stage developers, sponsors to, you know, super high net worth sovereign wealth funds, who've been investing for 50 plus years. And I do think one of the biggest mistakes or risks that people face is not having good counsel...
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Flexible Workspace Solves Human Interaction Need with Mark Goldfinger - CRE PN #528
Commercial Real Estate Pro Network
Today, my guest is Mark Goldfinger. Mark Goldfinger is the General Manager Head of North America at Mindspace, a global flexible workspace provider that redefines the workplace experience for companies of all sizes, and in just a minute, we're going to speak with Mark Goldfinger about flexible workspace solutions.
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BIGGEST RISK with Mark Goldfinger
Commercial Real Estate Pro Network
J Darrin Gross I'd like to ask you, Mark Goldfinger, what is the BIGGEST RISK? Mark Goldfinger I think it's great question. I think in the co working ecosystem, or in the flexible office space, you know, ecosystem, I think one of the biggest risks is landlords starting to take on the opportunity to create their own turnkey sublet solutions for smaller companies, and kind of take business from us. Now, I don't think that they're able to really run the hospitality arm that we are, because that's not their business, and we put a lot of pride into that. But I think that's definitely one thing we...
info_outlineHow to extend your building roof life is a value add topic for all real estate investors.
Building owners with composition shingle roofs, Dennis Ghormley with Roof Maxx explains how to extend your roof life and receive a 5 year transferable warranty.
History of Composition Roof Shingles
The history of composition roof shingles begins with the raw materials. The shingles are a petroleum based product. Originally, they were made from waste product of the oil refining process. Over time, oil processing has become more efficient and so has reduced the amount of waste byproducts. That’s good for the environment and the oil business profits, but not for the composition roof shingles.
The improvement in oil refining lessened the quality of composition shingle, so much that the roofing manufacturers had to start with raw crude oil in order to create a finished product that would last as long as prior products.
Unfortunately, the concentration of raw material used for roofing shingles is lessened when unable to start with the byproduct. Because the new roofing raw product started with a pure raw material instead of a waste product, the cost of the material and the end product naturally increased.
Cost of Capital Improvement
Capital improvements are just a part of owning property. The substantial cost of capital improvements requires property owners either inject additional capital into the property or reduce cash flow distributions to pay for the improvements.
How to Extend Your Building Roof Life
Roof Maxx is the manufacturer of the all natural, soy-based, environmentally safe product that is sprayed onto your composition roof. The product penetrates your old shingles and gives them improved flexibility and the ability to keep your building’s roof free from leaks.
Depending on the condition of the roof, age, pitch, etc, will depend on the potential outcome from a Roof Maxx treatment. Ideally, a property owner treats their composition roof in the first 5-7 years. The expected roof life of a composition roof can be extended from 5 to 15 years depending on when the roof is first treated and the number of subsequent treatments. The treatment comes with a 5 year transferable warranty.
Cost to Extend Building Roof Life
The cost to extend the building roof life when applying a treatment of Roof Maxx is significantly less than the cost of a new roof. Typical treatment cost between 10-15% of the cost of a new roof. The product is relatively new to the market, but has been very well received.
Roof Maxx will not save every roof, but for those that qualify, the 5 year transferable roof warranty will provide the buyer confidence that the roof will last at least 5 years from the date of application. The cost savings of a treatment versus a roof replacement can buy the property owner time to budget for a replacement, or to transact the sale of the property.
Environmental Benefits of Extending Roof Life
The environmental cost of re roofing is not small. By extending the roof life of your building, you are reducing the consumption of wood and petroleum products required to reroof a building. Additionally, you are eliminating the disposal waste that is added to landfills when you reroof. Annually, it is estimated that over 10 million tons of roof material is kept out of landfills by the usage of Roof Maxx.
BIGGEST RISK
Each week I ask my guest, “What is the Biggest Risk Real Estate Investors face?”
BIGGEST RISK: The longer a roof is on the structure, the more risk that that property owner has. If we can keep the roof on the property longer, and mitigate the risk of leaks and other issues that come from the failing roof and also the risk to the environment where we can keep the roof waste out of landfills.
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(503-766-3729) and (360) 207-4572