Have found a new hack to make investment committee calls more fun. Yacht rock on low volume in background. Shocking I haven’t learned this yet from ITLB or Cap allocators.
@moseskagan Aren’t default risks priced into the rental rate? More risky tenant, higher rent, security deposit etc. Broker is there to bring tenants not make the final decision. If you are blindly following your brokers advice then that is on you as a landlord.
Just saw an accident happen in Austin. immediately behind the car was a Waymo. Didn’t know how to navigate around the wreckage. Someone had to get out of car to clear the road. #waymo
I use the term EBITDA everyday for work and value my acquisitions off of it, but I don’t think it’s “cool”. The # of people rocking EBITDA swag or LinkedIn posts about that’s all they wake up & think about is yuck. Bring back sustainable cashflow!