Commercial Real Estate: Starting From Scratch

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Welp sometimes in life, you move backwards.  Something I never gave thought to, but we lost 2 tenants in the matter of days.  $1,678 in revenue is no longer coming in, and thats a bummer.  Now I have to get 2 suites rented just to get back to where we were. And now, with the poor lead flow, seems like a monumental task.  

I'll have to change the FB Marketplace approach, and go back to making ads for individual spaces without AI.  I'm thinking maybe AI written posts are getting pushed less?  Not sure, because we're paying to get boosted, but it's the only thing I can think of.  

Got some return ducting installed in 2 rooms on the first floor, 4 LED panel lights and dimmer switch installed for my tenant that just signed a year lease, and started closing up one of the suites. 

Some moves got made on the financing portion as well.  That's a very detailed summary for you, and now it's over.  

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Chugging along here with Thunderbird, some housekeeping stuff I've been putting off is getting done.  New marketing campaign is in full swing.  Lenders getting called and so far all rejections, but to be expected.  Close on a new tenant, was hoping to get a signed lease before the show.  

Overall it's been nice to have a bit of breathing room, starting to feel normal again which is amazing.  Still have a lot of work cut out for this deal, but I feel very in control of that portion of this deal.  

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For the time being at least, a wire for 25k was initiated today. Time to get back on the horse!  Money is needing to be spent, signage and elevator are first on my list.  Other than that, not sure, probably some more decor, cleaning crew, and some more garbage cans and weird things like that.  

Making moves on the extension as well, so everything is finally coming together!  Until the next thing falls apart, but until then,  I will enjoy the victory.

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Money woes continue.  Still plenty to do, but unfortunately they all cost money.  I'm still planning out what I'd need to do in the future so when the money arrives, I can pull the trigger and get back to work.  

Spirits are much higher this week which makes everything a bit easier.  

Signed a new lease, but tenant hasn't paid security deposit yet, so may not be reason to celebrate yet.  

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Well that wraps up 52 weekly episodes of my 1st year into Commercial Real Estate.  What a ride it has been, can say I haven't been bored once this year, and that's a fact!

Nothing has really changed since last week overall.  Finished up 1 suite and had the tenant move in, and working on the next 3 that are leased up starting end of the month!  

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We got another lease!  $1,516/mo added to the revenue.  Juggling lots of issues at the moment, AC problems, money problems, loan problems, tenant problems, there's so many I can barely keep track!  But one day at a time.  Still focusing on getting as many people in the door as quickly as I can. 

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The ups and downs in this business are unreal.  Woke up this morning at 2:30am, cold sweat, stressed out. Then a few hours later, got a lease signed!  So that makes everything a little bit better.  Our timeline is compressing faster than anticipated.  

But there's only one thing to do and that's keep on grinding my face off until we get into a conventional note.  Until then, we work.  

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BOYS AND GIRLS!  2 leases got signed this week baby!!!  Was feeling pretty down about leasing in general and realized that missing our deadline was becoming a probability.  But we ain't goin' down without a fight!  2 leases bringing in $2,274/mo really helps out big time!  Total rent is $8,680/mo and need to get to $14,000 in about 6 weeks.  Still a long shot but a couple big leases and we'll be right there.  I have a pending lease out for 2 suites at $1,400/mo so if they sign, I like our odds.  If not, we have our work cut out for us and will definitely need some luck. 

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Quick hitter for you guys this week, been very busy moving and shaking.  Chugging along nicely.  Got 1 more lease signed this week, with 1 out there pending signatures, and 2 very very positive showings that should end up in leases as well.  I will do whatever it takes to get those 2 clients in the door, they seemed like they would be a great addition.  

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I had a great title for the podcast picked out, I even mentioned it during the recording, but I completely forgot what it was!  So I named it this terrible title, oh well.  

Good news is coming slowly but surely, maybe this title makes more sense.  Grand Ave had some wins and Thunderbird as well.  

The Salon is really starting to come together, I was really happy the way the design has come together and really worked out.  I was pretty nervous about that overall but very happy with the way it looks. 

Not it's time to focus on revenue generating activities!  Off to the races!