Shawn Sullivan

PropTech/MF Advisor/Investor/Consultant Formerly: @SmartRentdotcom @realtordotcom Now: Helping operators & startups bridge the Proptech divide

[Shawn Sullivan @RETechShawn]

@robbiehendricks @ChrisRamsey60 Dean Weidner supposedly has never sold a building. I believe they have one less property than they acquired because he gave one away to be demolished for a hospital.

[Shawn Sullivan @RETechShawn]

@bdetrick @WillmMelton If this team isn’t willing to build around Tony Wroten how do you take them seriously.

[Shawn Sullivan @RETechShawn]

Obviously selling a course is the most humiliating but I like you Marlo. So please take my money but please also have a 4% acquisition fee, a 2% refinance fee, 7% management fee, half the ancillary revenue and please take a preferred return. I’m think 9% but if you need more let me know.

[Shawn Sullivan @RETechShawn]

@Jefffeldman From your lips to god’s ears. Almost every one of these buildings needs a new roof, new boiler, facade work and that’s before you get inside a unit. Add on six figures in violations. Add on rent collections. What masochist is signing up for this?

[Shawn Sullivan @RETechShawn]

@resetbasis It’s the final boss of the old trope that apartment dudes are cash poor. Also I’m not sure that’s a trope.

[Shawn Sullivan @RETechShawn]

@ChadGriffiths Graft

[Shawn Sullivan @RETechShawn]

@Gare97 @Jefffeldman Because he doesn’t pick the cases that’s Roberts. He was coaching them on what Robert’s issue is. Mamdani used vodoo to come up with an outcome he campaigned on. The board member who quit said as much. Thomas will eventually get his case and they’ll strike it down.

[Shawn Sullivan @RETechShawn]

@realEstateTrent We had a CEO in a fast growth portfolio company do it. To this day they still are unclear why this upset me.

[Shawn Sullivan @RETechShawn]

@Gare97 @Jefffeldman Clarence Thomas cares. He wrote a roadmap to do it…

[Shawn Sullivan @RETechShawn]

@resetbasis Personally I think it’s cool he gave legal justification for the Supreme Court to strike down all rent control, screwing over actual poor and disabled folks to appease his wife’s dinner party Bushwick trust fund socialists pals.

[Shawn Sullivan @RETechShawn]

@aussieflya @GoodGuyGuaranty This is the first battle in a war. Mandami freezes rent. Supreme Court eliminates all non-Section 8 rent control, blue cities counter with eviction moratorium…

[Shawn Sullivan @RETechShawn]

@mwmoedinger I struggle with this and what it looks like in 5-10 years (keep in mind rates go up and you pay more as you age.) They’ll be no providers and nothing will be affordable.

[Shawn Sullivan @RETechShawn]

@resetbasis @robbiehendricks @Jefffeldman 57,000 rent stabilized units out of the market because they lose money. 10% of buildings lose money. 30% of people living in rent stabilized units make $100.000. It’s just a group of people pulling up a ladder.

[Shawn Sullivan @RETechShawn]

@kiiLkenny @Trialawdan @Wawa Not to mention we’re getting a Sheetz at 202 and 1. Dan should take Kenny there.

[Shawn Sullivan @RETechShawn]

@resetbasis “What if instead of our location we just put the “latitude and longitude! It’s real estate. Vibes are more important than being able to find something!”

[Shawn Sullivan @RETechShawn]

@DPearsonPHL I love tone towards the word “developer” like it’s the monster under your bed.

[Shawn Sullivan @RETechShawn]

@jayparsons Look I’m excited to see how housing agencies handle this. Since the pandemic many governments have had a laissez faire attitude toward renters paying private landlords. Curious if that attitude shifts when it’s their debt.