How to Extend Your Building Roof Life with Dennis Ghormley - CREPN #218
Commercial Real Estate Pro Network
Release Date: 10/17/2019
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...
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Non-Performing Loan Real Estate Investment Litigation Strategy with Chris Zona - CRE PN #527
Commercial Real Estate Pro Network
Today, my guest is Chris Zona. Chris Zona is a partner at Mandelbaum Barrett PC in New York, and a trial attorney specializing in Complex Commercial Litigation, and in just a minute, we're going to speak with Chris Zona about Turning Conflict into Capital Litigation as a Real Estate Investment Tool.
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BIGGEST RISK with Chris Zona
Commercial Real Estate Pro Network
J Darrin Gross I'd like to ask you, Chris Zona, what is the BIGGEST RISK? Chris Zona Sure. So I think it really fits within what we're talking about. I think the biggest risk for investors that are in this this realm is that you need to be comfortable with taking over a potential non performing note, right? Like there is no way to avoid risk when you're making this sort of play. So what you need to do is kind of, you know, balance minimizing the risk through your diligence process, because you don't want to take on something that you're not ready to you don't want to overextend in...
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Long Term Benefits of Commercial Real Estate with Travis King - CRE PN #526
Commercial Real Estate Pro Network
Today, my guest is Travis King. Travis is the founder and CEO of Realm, where he is responsible for overseeing all aspects of the organization with a particular focus on culture, strategy and investments.
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BIGGEST RISK with Travis King
Commercial Real Estate Pro Network
J Darrin Gross I'd like to ask you. Travis King, what is the BIGGEST RISK? Travis King It's a great question. It's actually really hard to try to encapsulate it in one thing, so maybe I might give a multifaceted answer, if that's okay with you. One thing I would say that is paramount in real estate, and I alluded to it earlier, is the only real way I know to lose money in real estate is to lever inappropriately. So leverage at the end of the day, that's how you lose control of your properties, right? And that happens. So then I you peel that onion a little bit and say, Okay, well, how...
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.
For more go to:
(503-766-3729) and (360) 207-4572