Podcast
Commercial Real Estate Pro Network
Hosted by Commercial Real Estate Pro Network · ENGLISH
Commercial Real Estate Professionals who work with Investors, Buyers and Sellers of Commercial Real Estate. We discuss today's opportunities, problems & solutions in Commercial Real Estate.
100episodes
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Space Safe Technology Features with Oscar Hedaya - CRE PN #557
Yesterday00:31:35Tap to summarizeToday, my guest is Oscar Hedaya. Oscar is the CEO of Space, the company behind the Space Safe. Oscar has selected, excuse me, Oscar has scaled multiple businesses and now focuses on modernizing physical security for commercial and hospitality environments to reduce operational and liability risk. And in just a minute, we're going to speak with Oscar Hedaya about The Space Safe, https://www.thespacesafe.com/
Transcribe →BIGGEST RISK with Oscar Hedaya
2d ago00:00:39Tap to summarizeJ Darrin Gross I'd like to ask you, Oscar Hedaya, what is the BIGGEST RISK? Oscar Hedaya Yeah, I mean, the biggest risk in general for.. I'm in the security business, you know, so I'm in this business for a reason, you know, I think that there's so much theft out there, and there's so many reasons for people to need to steal, that for me, that's that's one of the biggest risks, that if you don't protect yourself and be preventative, then you're risking the fact that you're going to. Of lose a lot more without being preventative. https://www.thespacesafe.com/
Transcribe →From Prison to Real Estate Investor with Fuzzy Jardine - CRE PN #556
1w ago00:45:01Tap to summarizeToday, my guest is Koliah Fuzzy Jardine. Fuzzy, as he's known, is the co-founder of HUI Mastermind. They empower Native Hawaiians and locals to build generational wealth through real estate investing in their homeland, the Pono Way. And in just a minute, we're going to speak with Fuzzy Jardine about his journey from prison to real estate investor. https://www.instagram.com/hifuzz/
Transcribe →BIGGEST RISK with Fuzzy Jardine
1w ago00:01:13Tap to summarizeJ Darrin Gross I'd like to ask you, Fuzzy Jardine, what is the BIGGEST RISK? Fuzzy Jardine Well, in the development space, and without what I'm doing today in the Hawaii market, it's one of the most expensive markets. Is the biggest risk is, I think not keep doing what I'm doing, right, investing in real estate, because it's only going to go like it's only going to go up, right? So, if you sit on the sidelines and waiting for the interest rates to drop, then it's going to be too late by the time you get started, you can keep waiting, waiting, waiting. So, I think that's one of the things for me, as a developer, the biggest risk is, you know, listening to the chatter outside, like I'm focusing on, I know what I do best, I know where I need to be buying in at, and I know what my building costs, you know, is that how much. Well, it, it costs, and then I know my end results. So, the, my biggest, the risk will be not to keep doing what I'm doing. https://www.instagram.com/hifuzz/
Transcribe →AI for Commercial Real Estate with Rod Santomassimo - CRE PN #555
2w ago00:36:39Tap to summarizeToday, my guest is Rod Santomassimo. Rod is the founder of the Massimo Group, the leading coaching organization for commercial real estate brokers worldwide. He is a five-time best-selling author, a patented inventor, and a former Division One athlete. And in just a minute, we're going to speak with Rod Santomassimo about how Commercial Real Estate Brokers can use AI to improve their deal flow, https://massimo-group.com/
Transcribe →BIGGEST RISK with Rod Santomassimo
2w ago00:02:59Tap to summarizeJ Darrin Gross I'd like to ask you, Rod Santomassimo, what is the BIGGEST RISK? Rod Santomassimo I think, the by far the biggest risk today is what we talked about. It's AI. AI is the biggest risk, and there's different risks. You mentioned the three forms of risk, right? So that the risk from an AI, from a business perspective, there's the adaptability risk. You know, if I do not adapt to the AI, what's the true risk to my business? Well, it could be said some, some sectors are AI proof, right? My, my, the girl who cuts my hair, right? Maybe she needs an AI reception bot to make sure that I could be there on time, right, and their schedule is clear, so she's not really AI proof, she's not. But there's that adaptability risk. How adaptable is your service, your product to AI? And if you don't do anything about it, you know what's the impact, the risk of your business bottom line. There's certainly the implementation risk, right? So that will now implement. If I implement the risk, what's the cost going to be? What's the timing going to be? I'm working on something right now. I wrote the developers and said, did you realize I announced this in November 2024 So now we're 18 months and you still haven't delivered. I would never have thought that when I announced it in November of something we're working on with AI, right? So that risk implementation risk really matters. If you think you can go and develop an AI platform overnight, I don't care if you're using lovable or Claude code, it's not - it's not a truly scalable platform, right. And the third, without doubt, is compliance risk, and that comes in several forms. First, there's there's those that use AI chat bots, and it outputs something that's total crap - they call it chat crap, and you post it right, or you share it with the client as fact, right? So, so now you look like an idiot, they're just what it is, right? There's also a compliance risk, and us dealing with the FCC, and, and seeing all the hurdles you have to take to truly leverage AI as tech spots and call bots, you do not want to be on the wrong side of compliance list risk, that's going to cost you dearly, right, especially if you're doing international work, like where the rules and regulations in Canada compared to the US are vastly different. They are, in fact, we pulled our AI bots off for a while in Canada and have recently put them back on because we're in compliance, something called CAN spam that can cost you millions. So that's what I mean by risks. You look at those risks, the adaptability, implementation, compliance - those are risks I'm thinking about every single day, and how we handle those risks from a business building standpoint. https://massimo-group.com/
Transcribe →Senior Housing Silver Tsunami Aging Economy with Jerry Vinci - CRE PN #554
3w ago00:45:44Tap to summarizeToday, my guest is Jerry Vinci. Jerry explains why most communities are unprepared for the silver tsunami, this demographic wave, and what leaders must do now to get ahead of it. And in just a minute, we're going to speak with Jerry Vinci about how to win the silver tsunami demand surge. https://www.linkedin.com/in/jerryvinci/?isSelfProfile=false
Transcribe →BIGGEST RISK with Jerry Vinci
3w ago00:02:18Tap to summarizeJ Darrin Gross I'd like to ask you, Jerry Vinci, what is the BIGGEST RISK? Jerry Vinci I would definitely lean on the Senior Living industry for sure. To answer that question. I think the biggest risk for sure, and this goes back to our capital facing services would just be the operator selection. You know, a lot of people might think it's like cap rate compression or labor shortages or even like regulatory changes, but, you know, those are obviously all real. But that that the risk is that you partner with an operator that can't actually do what they said they're going to do in a specific market where that assets located. You know, again, you've got to look at like, what are the competitors doing in that space and and it's, it's the dominant risk, in my opinion, just because the consequences compound for years before they actually fully show up. I What else can I say about that? Yeah, like operator I guess, kind of what I was just describing about the different asset value depending on occupancy. You know, operator failure doesn't always look like operator failure. You know, when it comes to senior living, occupancy can drift because, you know, you're dealing with older residents who, for any given reason, can can leave or move out. But, uh, you know, a building can document see, can drift from, say, like 92% to 82% over 18 months. But nobody can explain why. And that's that goes back to something like, maybe the aggregator dependency on those third party leads that are coming in, or maybe their reputation has decreased slightly over that time period, but nobody's really paid attention. But you know, going from a 4.8 star rating to a 4.3 or something like that holds more weight than people might realize, and even even like something might not show up on a quarterly report, it might show up in a larger report, but they're not. They're not seeing it because it's, it's a slow drip, you know. So I think, just from from a risk assessment perspective, it's always going to come back to that operator and how that operator is able to maintain or increase performance of that asset. https://www.linkedin.com/in/jerryvinci/?isSelfProfile=false
Transcribe →Multifamily Insurance Broker Lender Negotiations with Guffy Wright - CRE PN #553
4w ago00:40:40Tap to summarizeToday, my guest is Guffy Wright. Guffy Wright is a multifamily insurance expert 20 years or with 20 years experience helping operators protect and grow equity. He built the Mahoney Group's Real Estate Practice, oh, and to over 100 million in premiums, and has created tools that turn insurance into strategic advantage. And in just a minute, we're going to speak with Guffy about why your insurance broker might be your biggest competitor https://www.linkedin.com/in/guffy-wright-752679b
Transcribe →BIGGEST RISK with Guffy Wright
May 1900:00:35Tap to summarizeJ Darrin Gross I'd like to ask you, Guffy, Wright, what is the BIGGEST RISK? Guffy Wright The biggest risk is apathy, status quo, if you don't have clarity, safety and direction on a large and spend on your asset. I think that's the biggest risk. Is apathy, not treating insurance like you would your own debt and your own clients. That's the biggest risk. https://www.linkedin.com/in/guffy-wright-752679b
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