Real Estate Lighthouse

Placemaking / Using creative retail to make neighborhoods better / Here to learn

[Real Estate Lighthouse @re_lighthouse]

@BrooksAustinBA @Qb6Trae @Elite11 What caused Croucher to jump Bourque on Day 3 when Bourque had 7 TDs to Croucher’s 1?

[Real Estate Lighthouse @re_lighthouse]

@dividendology $BKNG

[Real Estate Lighthouse @re_lighthouse]

@whaleychris @moseskagan I’ve been uploading a GL weekly (along w/ annual operating budget) and Claude gives weekly budget variance red flags

No longer need to wait 15 days after month end to review monthly financials - lots of insights available in near real time

[Real Estate Lighthouse @re_lighthouse]

@moseskagan Closely tracking cash inflows and outflows on a daily/weekly basis for me was the best learning tool for operations.

Unfortunately, you usually find yourself in this position at least to start when an asset is troubled and has major cash issues.

[Real Estate Lighthouse @re_lighthouse]

@DrJesseMorse did you see the Wake Forest QB’s injury from Saturday? Any idea the lingering effects?

Injuries seems to occur at 1:25 of the video below. He came back in later wearing a brace.

https://t.co/FBcDt6hDFk

[Real Estate Lighthouse @re_lighthouse]

@RaiderTy92 @on3 Working on a plan to increase annual budget by $50m+. Should be announced by end of month

[Real Estate Lighthouse @re_lighthouse]

@DividendDude_X What’s your thoughts on Johnson & Johnson?

[Real Estate Lighthouse @re_lighthouse]

@TheRealEstateG6 When starting out (assuming you have relevant enough experience from job working at a multi operator), did you also charge a property management fee as well?

What have you found to be standard there for 20-50 unit type of deals?

[Real Estate Lighthouse @re_lighthouse]

@TopherNOW GPT

[Real Estate Lighthouse @re_lighthouse]

@moseskagan What’s an acceptable days on market or number of tours per unit you would need to see without the unit leasing before you lower that unit’s price? (Or what metric do you use instead)

Does this strategy change if you are angling for an exit/refi?

[Real Estate Lighthouse @re_lighthouse]

@moseskagan Have you all had any experience using EliseAI or other “AI” software platforms to augment leasing, renewals, maintenance requests, etc?

[Real Estate Lighthouse @re_lighthouse]

@NNNIncome @DutchBros @dudewithacigar Expanding to VA in the near future?

[Real Estate Lighthouse @re_lighthouse]

@hussain_nathoo This is just alcohol sales? Not food + alcohol, correct?

[Real Estate Lighthouse @re_lighthouse]

@TheRealEstateG6 Does the in-place column adjust for tax reassessment upon purchase? Or use seller T-12 for real estate taxes?

[Real Estate Lighthouse @re_lighthouse]

@TripleNetInvest @housleyd Have you primarily focused on value add / development? If you were buying a stabilized NNN deal, what are the top 2-3 things you look for?

[Real Estate Lighthouse @re_lighthouse]

@TripleNetInvest NNN corporate property is available in my market. 12 years left on lease with 15 years of options in total.

Lease rate is already below market, and there is a lot of potential growth in this neighborhood.

Would you buy this an be extremely patient? Asking 6-cap on in place.

[Real Estate Lighthouse @re_lighthouse]

@TheRealEstateG6 Understood, for either scenario are you using a $/unit estimate initially?

Which I’m guessing you get ballpark numbers from talking with local GC’s and (preferably) doing your own projects in that market?

[Real Estate Lighthouse @re_lighthouse]

@TripleNetInvest What stage of control do you typically have over the vacant building when you start reaching out to national tenants?

[Real Estate Lighthouse @re_lighthouse]

@hanslorei Not sure the location but could be a great food hall and beer garden spot