Frank Meyrath

Real Estate Investor decoding macro, tech & AI for smarter deals.

(posts and views are my own. and not my employer)

[Frank Meyrath @fmeyrath]

In terms of intros, I work with a real estate private equity company and am active in all facts of the business. Professionally, I've directly been involved in more deals than 99% of the people here in X / cre space!

More important than deals, happily married 16 yrs with 3 sons. In my non-free time (I make time) I'm actively involved in Scouting as a leader in both our Pack and Troop. I'm a firm believer that scouting is among the best paths to develop our boys into leaders and functioning members of society.

I tweet on the intersection of business / AI and professional growth.

[Frank Meyrath @fmeyrath]

@realEstateTrent @BuckheadRacing Bowling alley. 😁

[Frank Meyrath @fmeyrath]

@bethanyjbabcock As an owner of multiple theaters, I want them to survive and thrive... I send my wife and kids in and they make their quarterly numbers

[Frank Meyrath @fmeyrath]

I think a lot of these fail since the end technician is the critical linchpin. The key factors of scale don't have as much impact

Many local (non PE shops) will do it better and cheaper (they don't have the cost of return for their overpriced acquisition). Further, many of these services are hyper local.

A plummer my wife found from Nextdoor is fairly priced. I had a repair that was within my ability but less so on time. I texted the guy a couple pics and said it was worth $200. He said yes. Did in 2 mins what would have taken me significantly more. I'm doubting I could do this with a pet shop owned one.

Further once non competes expire they can be easily replicated.

I work in PE (real estate) and think there's a lot that PE can do well in many industries especially with systems and capital. I just don't think it'll work long term in these industries.

[Frank Meyrath @fmeyrath]

@SMB_Attorney I do scout camp with my boys. There's a certain cool thing about hanging out at camp with other dads.

What's also nice is being able to buy anything at the trading post!

[Frank Meyrath @fmeyrath]

When I was in collections at the start of my career, I remember calling one person trying get the location of the deadbeat. The person says I've been friends with that guy for 30 yrs I'd never give his location.

I ask if $50 would help jog their memory... Of course they take it

Sold his buddy out for 50 bucks.

[Frank Meyrath @fmeyrath]

@matthere1 @girdley I'd add that unless it's a car lot with a trailer for a sales lot, most dealerships have big expenses.

Although the profit seems high, it's less so when you figure in costs

[Frank Meyrath @fmeyrath]

Yeah. I was closing a sale with one of their teams and they were struggling to get me an invoice to put on the closing stmt.

I told them they had a short time to get it or I was going to pick up the phone and call their CEO and fix their billing system.

I think they wish the billing team missed my time limit. We pay millions out a year in commissions. I would have raised holy hell if their lack of invoice messed up my closing.

[Frank Meyrath @fmeyrath]

@realEstateTrent If you wonder if it's legit... It's probably not

[Frank Meyrath @fmeyrath]

@SMB_Attorney She'd be with you in your spare bedroom.

And totally agree. I think for most Americans getting a house paid off is the best financial advice

[Frank Meyrath @fmeyrath]

@AaronAZucker It gets easier as you get older... You realize your body isn't going to move in certain directions.

[Frank Meyrath @fmeyrath]

Honestly it may be doing you a favor as way to disengage. Much better than slyly setting up the lunch and hounding you to sign up for an Amway distributorship.

I still find it crazy that people that write those letters think they're going to really get any response. I actually get them more on LinkedIn but a ton in email as well.

In this case they probably have to do a ton of outreach to find the few people game enough to listen.

[Frank Meyrath @fmeyrath]

@realEstateTrent Here's a little secret I learned when going to these parties.. order a rum and coke WITHOUT the rum.

No one will know...you'll have a blast... Sleep better and wake up much more well rested.

[Frank Meyrath @fmeyrath]

@BernieSanders The challenge you should make is how can the people at the bottom increase their value so they can earn more.

[Frank Meyrath @fmeyrath]

@bethanyjbabcock Yeah sort of like a listing broker... Pricing was below the bottom of the BOV range. Super high cap rate

[Frank Meyrath @fmeyrath]

@briandelucia Well said, whether it's participating in the upside of work, or decisions, etc. When people are invested in what they're doing they feel part of the game.. rather than just the game.

[Frank Meyrath @fmeyrath]

Yes sorry should have broken them into multiple comments

1) tech is not needed as long as someone has relationships. I know a ton of people in our business who could use argus nor excel and have built substantial fortunes

2) the inefficiencies of the market are one of the reasons that relationships prevail over technology

3) everyone uses technology in different ways in CRE (as opposed to e.g. routing of stock orders to a centralized marketplace) which contributes to the above

Further

4) minimal base level of technology (eg excel) generally does as well as more 'powerful' tech such as AI, etc.

Greetings from the beach! (Hilton Head)

[Frank Meyrath @fmeyrath]

@sweatystartup No sh!t Sherlock.

Back in the 30s at Brown University the student voted most likely to succeed was John D Rockefeller III

[Frank Meyrath @fmeyrath]

Someone arrest Elon until he can remove fake profiles from X that even grok can spot.

It's unconscionable how he runs this platform.

[Frank Meyrath @fmeyrath]

It's so true. Excel and a phone and ability to dial are much more powerful than the most powerful proptech.

It is what it is.

The fact that every owner operates slightly differently and information is shared in a suboptimal manner means there's inefficiencies. Some of these inefficiencies are where profits are made.

[Frank Meyrath @fmeyrath]

@Jacob_Naviaux Have you thought abt sharing with the FBI?

This is more of a criminal matter than civil