All Forum Posts by: Michael Swan

Thank you @Gary L Wallman

Any advice you could give if you have currently gone down this path I am going in this rising interest rate environment would be greatly appreciated.  I already spoke to my Commercial broker regarding the helpful suggestions already given to me by Caroline on this thread.  Thank you Caroline!! 

Gary do you have any by your recent experience, besides asking me like Jay did “why the panic?”  No panic.  I just have not gone down this road before and wanted advice.  Then I got that not helpful and sarcastic reply from Jay. I did 
  not know it was not on Loopnet until it was pointed out to me on this thread either by Caroline.  Of course it should be by now.  So I reached out to the broker after her great reply to me. Do you have anything constructive and positive to add to help me Gary?

Anyone else out there that I have helped since about 2016 here on BP have something that I could also do to help promote this sale too and help the broker?

Much appreciated if you do!!

Swanny - 

BP Guest on Podcast 238

Thank you @Jay Hinrichs

I ONLY take advice from people that have traversed the road I will travel down as I said.  You have not travelled down that road enough for me to take your advice. So, thank you for your thoughts anyway.  

Have a great evening!!

Swanny

Hi @Jay Hinrichs

Good to hear from you.  I have bought a lot since 2015, selling a lot, not!!  A little uncharted territory for me.  Sorry to get your sarcadar going.  Just wanted to be sure, from other more experienced to advise me on areas I have not traveled before.  I always like to get advice from people that have travelled down the road I will be traveling on.  Can you blame me?

Swanny

Hi @Shawn Long

What are your thoughts?  I am interested.

Swanny

Hi @Caroline Gerardo

Here is the reply the broker gave me:

It’s getting uploaded to LoopNet this week we already talked to our CoStar rep about it.  I will ask him about those other marketing aspects you speak of too. He told me in NE Ohio, where our property is they don’t use Property Shark.

Thank you for your advice.

Swanny

Hi @Donald Waytes

That’s great.  Love to connect with you!!

Swanny

Hi @Caroline Gerardo

Loopnet should be active pretty soon.  Broker is working on that.  Why do you like PropertyShark? The Ohio Commercial agent with the listing doesn’t know what that is.

Swanny

Hi @Amy Greenwood

Feel free to reach out to me by a message or something and I can get it to you and we can talk about the area etc…

Swanny

Hi All.  That was supposed to say, “advice needed” in the heading above.  User error. 

This is Swanny from Podcast 238.  We have been working hard repositioning a 57 unit in a great area, Mentor Ohio.  Population is growing.  Median level Income has been steadily rising to about $78,000 a year.  It is a landlord friendly area too in Lake County, Ohio.  

We have a lot of meat on the bone for a buyer too.  Just wondering what avenues you would use to market, besides my preferred commercial broker out there that has the listing.  I have sent their OM out to my contacts, potential investors, and other brokers I have worked on the buying side in accumulating 9 apartment complexes in Lake County, Ohio since 2015.   I have let the brokers know my broker will split the commissions in half with a broker representing a buyer.

Any other suggestions? Just listed it about a week ago.  Open to all suggestions.  It is a great area and a great product, with a lot of potential to take it to the next level for a buyer.

Swanny

Guest BP Podcast 238
 

Hi @Patrick Orah

My last reply was for you, my bad.

Swanny