Author: hollie

Don’t be that guy – Flexibility

Posted on by hollie

Don’t be that guy – Flexibility

Don’t be that guy!  You know, the one that is stuck believing that they are the only opinion in the room that matters?
I work with many experienced business professionals, and every so often, one of them becomes too rigid in deals. Looking for income-generating properties can cover a wide array of possibilities. All asset classes can offer solid returns. Choose what makes money rather than resisting an idea because it is new to you.
That way, you won’t become that guy.  I am Howard Freedland and this has been your echo commercial tip of the week.

Don’t Be That Guy – Pricing!

Posted on by hollie
Don’t Be That Guy! You know, the one that is totally inflexible, and won’t engage in healthy negotiations?
Commercial real estate is reliant on good business negotiations. When a seller plants their feet in concrete and does not engage in negotiations, word gets out quick that they are inflexible, which can lead to people not wanting to engage in a potential transaction. If you have sound reasons for sticking to your guns, you had better be able to explain it. Otherwise, people will think that either you don’t know the value of your asset, or you are just a greedy jerk.
Know your market, so you don’t end up being That Guy!
Contact Howard Freedland for all your commercial real estate needs!
📱 561.889.2735
✉️ Howard@EchoCommercialProperties.com

Don’t Be That Guy… Be THIS Guy!

Posted on by hollie

Don’t Be That Guy… Be THIS Guy!

Hey, this weekend, BE THIS GUY! I’m the Don’t Be That Guy guy, right? Well, guess what… everyone’s got to evolve! And we’ve got a BIG GAME this weekend.
Look, we’re all tired of Kansas City, so let’s rally up and ride with the 🦅 E-A-G-L-E-S, EAGLES! 🦅
Drop a 🦅 if you’re flying high with Philly this weekend or a ❤️ if you’re rolling with the Chiefs!
Contact Howard Freedland for all of your commercial real estate needs!
📲 561.889.2735
📧 Howard@EchoFineProperties.com

Don’t Be That Guy!

Posted on by hollie

Don’t be that guy!

You know…the one that goes around their agent to talk directly to a buyer or seller. My very first sale involved a man that could not help themselves. They reached out to the selling broker and tried to plead that a riding mower and a motorcycle were included in the deal that we had previously negotiated. We had an executed contract, and they went behind my back to try to get something more out of the deal. This behavior will not only create a ton of tension in the transaction, but if there are any real issues that come up (they almost defaulted twice thereafter,) then the folks on the other side will more than likely let you implode and take your escrow rather than help.
Don’t be your own worst enemy-Don’t be that guy!
Contact Howard Freedland for all your commercial real estate needs!
📱 561.889.2735
✉️ Howard@EchoCommercialProperties.com

Don’t Be That Guy!

Posted on by hollie
You know…the one that forgets to include important information from the start. When you don’t include accurate information about the property you are selling, you put the sellers agent at a total disadvantage in the transaction process.
“But what happens when they learn that we have bad wiring and polybutelyne pipes? They won’t want to buy my building.”
Maybe, but I can definitely tell you what will happen when you withhold disclosable information: You, the brokerage and the agent can be sued and otherwise held responsible by the FREC (that is the Florida Real Estate Commission,) have fines coming out of your ears, and develop trust issues that can go far beyond the potential transaction.
Be honest from the get-go, so you don’t become That Guy!
Contact Howard Freedland for all your commercial real estate needs!
📱 561.889.2735
✉️ Howard@EchoCommercialProperties.com

Don’t Be That Guy!

Posted on by hollie

You know…the one that doesn’t secure financing before they have their agent shop?

Commercial transactions can easily work their way into the millions of dollars, and sellers need to know that they are talking to a person that can afford what they have to sell. Otherwise, it is a waste of time.
“I know you want $2.5Million for it, but would you take $500 and my access the the Canadian Squirrel Militia??”

Before you approach someone about buying what they own, make sure you have talked to a financial specialist so you know what you can afford. And, yes, there are commercial real estate specialists (not all are alike). That way, you will keep from being “That Guy”.

Contact Howard Freedland for all your commercial real estate needs!
📱 561.889.2735
✉️ Howard@EchoCommercialProperties.com

Don’t Be That Guy #5

Posted on by hollie

You get by with a little help from your friends!

Get excited…but don’t show it…this week on the Echo Commercial Tip of the Week with Echo Commercial Properties Agent Howard Freedland.

Don’t be that guy!  You know, the one that wears their emotion on their sleeve. It is great to be excited to buy something new. I wish that everyone had enthusiasm for what they did in real estate. However, releasing those feelings at the wrong time and place can put you at a disadvantage in negotiations. Popping a champagne bottle should be reserved for private celebrations. The same goes for negativity.  Keep your emotions in check, and you won’t be that guy.  Call me for your commercial needs. I am Howard Freedland, and this has been your Echo Commercial Tip of the Week.

Contact Howard Freedland for all your commercial real estate needs!
Phone:   561.889.2735
Email:  Howard@EchoCommercialProperties.com

 

#CommercialRealEstate #InvestmentTips #RealEstateAdvice #RealEstateInvesting #RealEstateStrategy #PropertyInvesting #CommercialProperty #DontBeThatGuy

Don’t Be That Guy #4

Posted on by hollie

Don’t be that guy!  You know, the one who doesn’t can’t help themselves and talks about religion and politics in their showings. I once was verbally attacked during a showing. It was Covid and there was a mask-mandate in the building I was working in. Now, I don’t care whether you agreed with masks; I just cared that there were rules – that I did not write and the client thought it was in his best interest to express his thoughts…intensely at me since I was the listing agent. Do you think that his bargaining position improved with his bravado? The answer is NO! Don’t be your own worst enemy…Don’t be that guy! 

Don’t Be That Guy! – the guy that doesn’t know how to charge properly for their rents!

Posted on by hollie

Don’t Be That Guy! – the guy that doesn’t know how to charge properly for their rents!

Don’t be that guy!  You know, the one that doesn’t keep up with the times and undercharges their tenants. I know you want to be nice. But the problem is that when you go to sell and the rents are out of whack, it can mess up the deal and drive your price down!

The goal is to keep up with the area and with inflation. I reviewed a property recently, and the daughter of the owner was handling the business. When her father died (moment of silence), she found that he had written a lease for a ten-year period that was under-market by $10 per square foot!  For them, it meant a $10,000 per month shortfall! When she went to sell it, the deal was toxic, as the lease could not be bought out.

Keep up with the times and Don’t be that guy!

Don’t Be That Guy!

Posted on by hollie

You know – the one that buys something that does not take care of it!

All too often, we get enamored with a new toy, otherwise known as a new potential investment. When we buy with our hearts instead of our heads, we can forget to make sure that we have adequate reserves to take care of our new acquisition. Our new toy can become junk in a quick minute if we don’t budget the money to manage the upkeep.

Make sure to talk to a mortgage specialist that is a good communicator, and understand the ins and outs of buying an asset. That will keep you from being “that guy! I am Howard Freedland and that is your Echo Tip of the Week!