Return to Office Trends on Hospitality with Sundip Patel - CRE PN #507
Commercial Real Estate Pro Network
Today, my guest is Sandeep. Patel Sundeep is the CEO and co founder of companies, an asset management and fintech firm that specializes in commercial real estate, private credit, lending and investing. And in just a minute, we're going to speak with Sundip about the impact of return to Office trends on the hospitality industry.
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BIGGEST RISK with Sundip Patel
Commercial Real Estate Pro Network
J Darrin Gross I'd like to ask you Sundip Patel, what is the BIGGEST RISK? Sundip Patel That's a great question. Darrin, by the way, so the biggest risk that I foresee, and in our business, is the underestimating of the impact of AI and to our business and everything we do, from assessing risk, evaluating risk, to, you know, funding that risk, the entire process. So we as a company have taken some bold steps to get ahead, to understand how we can apply AI and what it will mean. As as you remember when we started the conversation, my mission was to create jobs and maintain jobs. I live...
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AI in Real Estate with David Blumenfeld - CRE PN #506
Commercial Real Estate Pro Network
Today, my guest is David Blumenfeld. David is the co founder of , a Silicon Valley based consultancy dedicated to assisting traditional physical businesses and leveraging digital technologies. And in just a minute, we're going to speak with David Blumenfeld about how AI is transforming real estate.
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BIGGEST RISK with David Blumenfeld
Commercial Real Estate Pro Network
J Darrin Gross I'd like to ask you. David Blumenfeld, what is the BIGGEST RISK? David Blumenfeld We're going to answer it a couple different ways, if that's okay. So I think I mean, and this, this first one might, might seem like a self serving answer, but I think the risk for real estate companies in general for not looking at technology. And again, it doesn't have to be the biggest, you know, the biggest, the newest, the the flashiest, but if you're not incorporating technology into your your your day to day operations, whether it be from a marketing perspective, a company, a...
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Real Estate Trends with Simon Isaacs - CRE PN #505
Commercial Real Estate Pro Network
Today, my guest is Simon Isaacs. In 2015 Simon moved his family from London to West Palm Beach, Florida, where he became more involved in the local real estate market after seeing an opportunity, and in just a minute, we're going to speak with Simon Isaacs about the real estate market trends.
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BIGGEST RISK with Simon Isaacs
Commercial Real Estate Pro Network
J Darrin Gross I'd like to ask you, Simon Isaacs, what is the BIGGEST RISK? Simon Isaacs Wow, I would say the biggest risk here. Big Question, the big question. Demand. I. Demand is the biggest risk here. You know, demand for properties, demand, if you know you only need one event, one weather event, and everybody ends up leaving. So I would say demand and weather are the biggest risk in my book, yeah, clearly, in Florida, you're, you're one, you know, one, one major weather event, or something like that from, you know, sour people souring on the on the place, or at least,...
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Retail Strip Mall Investment Opportunities with Davie Codrea - CRE PN #504
Commercial Real Estate Pro Network
David Codrea, co-founder of Greenleaf Capital Partners, discussed the hidden opportunities in small strip malls near new construction developments. He emphasized the importance of long-term cash flow and the resilience of retail despite negative perceptions. Codrea highlighted his investment strategy, focusing on retail and office spaces, and his preference for smaller, local service-oriented businesses. He noted typical investment sizes of $2-4 million and a preference for 3-5 year leases. Codrea also stressed the importance of efficient operations, quick tenant turnover, and the role of time...
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BIGGEST RISK with David Codrea
Commercial Real Estate Pro Network
J Darrin Gross I'd like to ask you. David Codrea, what is the BIGGEST RISK? David Codrea For me, what I see as the biggest risk that impacts my business the most is time. So it looks at it, there's a huge benefit to time, but there's also a huge risk if you are not able to get the ball moving on things so extended vacancy or or even just time to make a decision if it takes too long for your organization to get things through, to make, get, get approval for something, or make a decision on what you're going to do with this tenant or that tenant. I think that that can lead to a lot of...
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Wealth Accumulation through Real Estate Investment with Joel Miller - CRE PN #503
Commercial Real Estate Pro Network
Today, my guest is Joel Miller. Joel Miller is the author of the best selling book, Build Real Estate Wealth. Enjoy the Journey of Rental Property Investment, and in just a minute, we're going to speak with Joel Miller about the Journey to Real Estate Wealth.
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BIGGEST RISK with Joel Miller
Commercial Real Estate Pro Network
J Darrin Gross I'd like to ask you. Joel Miller, what is the BIGGEST RISK? Joel Miller Well, I'm going to surprise you with the answer, but it's going to be two pronged here. From a financial standpoint, I will say that rental property can be a source for risk, which is why you typically should form an entity that you hold your properties in that protects your personal assets from things that might happen within your entity related to those properties. And on top of that, you know, I do recommend carrying replacement costs insurance on your properties and. A commercial liability...
info_outlineJ Darrin Gross
I like, to ask my guests if they can look at their own situation. Could be your clients, the economy, you know, whatever it is that you, you identify and consider to be the BIGGEST RISK?
Kelly Stratton
Yeah. And when you ask, like, the first thing that pops in my head, because I, you know, as the chief product officer, and I kind of help drive like, what is our product going to be, you know, today, versus, you know, six months from now, a year from now, and you know, we have a really strong feedback loop with our users, and they have a mandate for us about, how can we make a difference in their work lives and in their work product? And both those things are really important to me, because this is a bit like our platform, is a space they spend a lot of time in. And, you know, so, so you have that, but then you also have this, this powerful energy around AI, and how do we incorporate that intelligently and effectively into our product? And again, the mandate from our customers is, you know, is pretty specific. They want to be able to access their past experience. They want to be able to interact with their and harvest their intellectual property, and it that that you know, you know, again, I use the phrase institutionalize that knowledge that's really important to them. You know, in the past, it's just, you know, write the report and put it in the file folder, and then it's on to the next one. But there's an awakening around this, like, hey, no, this isn't just an archive this that that we never look at again. How can we use this as a tool to make train our team and improve our reports and our process going forward? So I think just getting creating products where we give them access to their content, smart, yeah, powered searching, and we, we don't step outside of that too much, right? That we give them kind of the the access to their historical information, that that can really make a difference, and we deliver on it. So I think for me, is continuing to keep purpose built as our North Star, and we introduce risk if we spread ourselves too thin and are not incorporating kind of that feedback with our customer for things that they want, and then the things that we know how our product makes a big difference in how AI kind of supports both of those things. So. That's how I'd say that risk is getting AI right for our customers, helping lead them away being lead the way for them, being their innovation partner, and not spreading ourselves too thin.