All Forum Posts by: Jason Bourne

I tried searching the forum but could not find the answer, sorry in advance if it is somewhere.

When it comes to office management companies, does the management team have the ability to make capital allocation and investment decisions? 

For example, if a Boxer property management team wanted to upgrade a building with infrastructure to get LEEDs certified (green building, energy efficient, etc) , would they be able to design and approve a project without consent of investors? 

@Chris Dawson its in independence kansas and we've finally found a manageable solution. 

@Jimmy Klein i really appreciate the offer to help, but in the past couple of weeks we found a management solution as well as some interested offers out of nowhere. 

the deals may or may not happen but we found a professional that will stop the bleeding, and has the resources to increase revenue.

Okay let me see what I can get, but based off what you said the best bet is to sell it off. I will get back to you. 

Motel accepts cash and credit, so the employee would not record the cash rooms and pocket the money.  

Thank you. 

@Derek Carroll Capital is not available currently, but exploring options in joint ventures seems to be interesting to me. Would this be something like finding an apartment property manager or motel property manager to invest and run the property to improve it? Since the property is out of state, it's hard to make improvements for us with employee problems and commitments here in Texas.

@Chris Dawson 

@Jimmy Klein 

I will check to see how the Broker has listed it to see if it's being fully marketed. I am not sure of the exact financial details of the motel, but there are MASSIVE improvements to be made. The issue is however, time constraints, lack of resources (proper employees or even how to find them). We recently caught the desk clerk stealing. It's difficult to find employees that want to make improvements, and it's tough for my parents to leave their jobs and go there to handle the situation themself. This is why I seem to find the joint venture option interesting. I'm not exactly sure what it all entails, but I will do more research on this.

I appreciate all the answers guys. 

Hello everyone, I have this problem I am trying to solve for my parents. They own a local private motel in the state of Kansas and it is not doing good at all. My dad is having trouble with payments. There are no buyers, and my parents are tied down with their jobs.

What are our options? I understand private equity firms run properties and increase their value, but would they do that for a local motel property? 

Yeah sure the degree is worthless, but the HR lady doesn't think so, hence why I email it to the guys that know it's not a make it or break it type of thing if I don't have one. 

If I get licensed, I can start closing on commercial deals without working for a broker??

 Yeah I am about to get started on my licensing education, I just didn't think it would have mattered too much as long as I enroll quickly after getting a broker position. 

As for approaching a recruiter... well part of my strategy was to circumvent the HR department. As I mentioned, I don't have a degree, but I do have contacts and instant asset listings I can provide. I thought this would set me apart in the eyes of a big time decision maker at a firm. 

If managers and execs dont reply back to me I will definitely try out the recruiters and exhaust every option possible. 

I started emailing CEO's and Managing Partners of top CRE firms. A couple of them have opened my emails and have no replied back.

In the emails I am telling them I can instantly provide them clients in need of disposition services and have connections to other markets with important contacts. 

I will follow up on the emails telling them I am looking forward to a follow up discussion, but I feel really eager to just go into a firm, talk to a director or VP, offer them the listings, and ask to join the team. 

Is there a right or wrong? 

Hey guys a little update here:

A brokerage is interested and wants me to get started in my license education. I don't need to complete it to get the position, but they want me to at least get it started AND research tenant representation before I call them and proceed further, just to make sure that I am in the right place. 

Here is my background: I don't have a college degree, I have experience in managing hotels, and I want to get into commercial real estate brokerage, but specifically investment sales. That is my strength as I have contacts looking to invest and sell commercial property, but no experience in regards to sales process and cash flow aalysis/market research etc (something I really want to learn). 

The firm I am in contact with deals with tenant representation mostly. In my position, is it better to get my foot in the door with this tenant rep firm? I have no problems in working hard, I actually look forward to developing contacts and learning sales and negotiation skills, but eventually I do want to get into the investment sales side. 

Should I use my contacts as a pitch to see if I can get a position at a firm that does IS, or should I just take this position, considering that I don't have a degree?

Should've done that first, thanks.