I’ve been captivated/fascinated with the idea of creating a new podcast for the real estate Twitter community with a build-in-public model.
I’m thankful (and a bit overwhelmed) with the response to my post this week about the search for a podcast co-host. Having not been able to keep up with messages, I figured we would add a fun twist to the next step in this journey.
I thought @camp4’s idea to do a trial episode with potential co-hosts was great. To make it even more fun we are going to do a competition in here so that we won’t miss out on any great people who might get overlooked.
Here is how we’re going to do this. I’m committing to make 5 trial episodes, each with a different co-host and then ask for your votes and feedback.
Two of the five are already chosen @Camp4 and @antonia_mdprjct are both some of my favorite people and I’m excited to do an episode with them.
That leaves three slots remaining, and I’m asking #retwit to choose who will get the opportunity to make a trial episode.
If you want to throw your hat in the ring to co-host the new podcast, all you need to do is put together a post with the hashtag #retwitvoteforme asking real estate Twitter for their votes. In 5 days, the top three posts with the most likes will get a chance to make an episode.
You can nominate yourself by writing a post and asking for likes or nominate others by searching #retwitvoteforme and liking posts of people who you think will make a great co-host. Ready!?! LFG🚀🚀
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A few interesting facts about the state of industrial leasing in America:
Prologis, a real estate investment trust based in San Francisco, reported that its portfolio was 98% leased in the third quarter and projected that rents in the United States would increase 19% for the year, after jumping 7% in the third quarter alone.
First Industrial Realty Trust Inc., a Chicago-based REIT, said nearly one-third of its tenants with leases up for renewal in 2022 have already extended their contracts at rental rates averaging 23% higher than current rates.
Alright, I am back on the search for a real estate podcast co-host. @seandsweeney made a tough/right choice considering his workload and is not going to jump in as a co-host. I made a lifelong friend while working on this with him and am truly thankful for him.
I need your help finding someone who is the right fit. Looking to create a fun, irreverent, entertaining, real estate-focused, podcast where we brainstorm new ideas and track with operators and investors who are doing great things.
Anyone have any ideas for me? Looking for someone who is accomplished in real estate, and brings their own dynamic force to the table as we partner up to create something truly special. Help me out by sharing, and replying with names of great people who should be on my list.
I read a fantastic thread by @brentBeshore that really stuck with me and got me thinking about my own list of answers to the question:
“What are the ten most powerful ideas that changed your life”
Here is what I came up with 👇
1⃣Radical Transparency / Honesty
The world already has enough puffery and fluff.
I decided many years ago that I would instead lead with the truth even if it was ugly, and let the pieces fall where they may. I can say with certainty this changed everything for me.
2⃣Look at the Big Picture
I worked with a partner who was easily 10X smarter than me. He would find genius-level solutions to complex problems yet miss that the project should be dumped because the market shifted. Sapiens by @harari_yuval brings focus to our place in history.
Gotta be honest. Sharing my track record today was/is terrifying. Including the 2008 losses in a document now seen by over 40,000 people ranks up there on the emotional intensity scale for me. It’s hard not to feel like deals that went south define you.
Biggest lesson for me is be wary of deals that don’t generate cashflow. I had $40M in land dev properties at the same time, in 2008… In Northern California…
It doesn’t matter that I’ve done 160M in equity raises since that time and that those investments have done well.
That project that isn’t in your wheelhouse but you are considering taking on because it’s a “once in a lifetime opportunity”, you should probably pass on it. 👇
I spent more of my life than I care to admit thinking that I could make any type of deal work if I just pushed hard enough. I got lucky a bunch of times but didn’t know it was luck. I thought it was me. 🤦♂️
Turns out the best way to consistently build wealth isn’t by getting lucky, it’s by getting really freaking, better-than-the-rest, good at one type of market.