Quote of the day
April 28th, 2009
As many of you know I read extensively. One book I really like is Purpose Driven life by Rick Warren. The book starts out with this quote
Life is a test. It is not about you -Rick Warren
Archive
Archive for April, 2009
Breaking news
April 26th, 2009
David Geltner of MIT comments on Commercial real estate prices on Bloomberg news
Click here to watch video
Quote of the Day
April 25th, 2009
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You know it is tough when………….
April 23rd, 2009
As many of you know, General Growth Properties(GGP) filed for bankruptcy protection. GGP owns West oads Mall in Omaha and Jordon Creek Town Center mall in Des Moines among others. The basic reason that GGP had to file bankruptcy is that is was having a hard time refinancing a lot of the debt that it had come up for maturity. The most suppressing thing about this is some of the properties such as Jordon Creek had a debt coverage ratio of 2.45. You know it’s hard to borrow money when business have this kind of cash flow.
Landmark Job Opening: Resources and production specialist
April 21st, 2009
SUMMARY
Responsible for maintaining all inventory, work closely with vendors on pricing. Work closely with maintenance personnel on purchasing habits. Daily entry of goods purchased into billing software.
PRIMARY RESPONSIBILITIES
- Daily entry of consumed products
- Maintain the product warehouse with appropriate products and at correct inventory levels
- Keep warehouse clean and organized
- Reconcile daily Menards order
- Oversee and confront maintenance personnel to verify they are using product from preferred vendors and using the correct materials
- Work with maintenance personnel to limit the purchasing of products form hardware stores and promote ordering from Menards and utilizing our warehouse
- Verify that maintenance personnel is using the product that they order for specific jobs
- Maintain product warehouse for individual service technicians in their work vehicle
- Reconcile vendor bills
- Maintain hard copy and electronic filing system
- Work with vendors on discount programs and verify proper mark ups
- Support staff in assigned project based work
- Other duties as assigned
- Address each maintenance guy everyday on what they are buying to establish a best practices approach to ordering materials
- needs to be comfortable for repetitive tasks
ADDITIONAL RESPONSIBILITIES
- Enter maintenance personnel time when needed
KNOWLEDGE AND SKILL REQUIREMENTS
- Basic reading, writing, and arithmetic skills required. This is normally acquired through a high school diploma or equivalent.
- Duties require professional verbal and written communication skills and the ability to type 50 wpm. This is normally acquired through one to three years of clerical experience.
- Knowledge of Microsoft Office, extensive Excel and internet experience.
- Assertive personality
- Working knowledge of blue prints or ability to lern
- Extreme attention to details
- 10 on a scale of 1 to 10 in communication skills
WORKING CONDITIONS
Working conditions are normal for an office environment
Reports to Systems Engineer
Email dpaladino@landmarkmg.com to apply
Wow I am obsessed with using the internet
April 21st, 2009
I am back from our annual quota club trip. We had limited or no internet when we were there. I cannot believe just 9 years ago, the internet was basically non existent now we cannot live with out it. Moore’s law says technology doubles in speed every 18 months. Can you imagine what it will be like 9 years? Check out the movie minority report with Tom Cruise.
Daves rule for the Day
April 13th, 2009
Never stop buying. The only guys that I know that run into problems stop buying. Thoughts?
What are the risks in real estate investing?
April 11th, 2009
Here is what the risks are in order. Highest risk to lowest risk
Vacancy. Your due diligence period should focus on this. All of the other risks are magnified by vacancy
Functional obsolesce. You have to know what your customers want. If it is a bad floor plan you will never be able to rent it. If the commercial space has dock high doors and your customers wants drive up doors, you will never rent it
Competition. If you build a storage facility across the street from a vacant piece of land that is zoned for self storage you are asking for a lot of competition. Same for apartments, look for apartments with not a lot of apartments around them.
Underestimating operating costs. Be realistic about your numbers, get the sellers tax returns. Compare the expenses to seminar business
Poor financing alternatives for buyers when you sell. does not matter how good the property. If there is no money there is no money
Luck. It’s better to be lucky than smart
Landmark Group Real Estate seminar
April 8th, 2009
On May 5th at 5:30pm at our office at 2702 Douglas we are hosting a commercial real estate seminar
The subjects we will cover are
How to figure out what you should pay for a piece of commercial real estate
Alternative forms of investing in commercial real estate. Including Hard money lending, mezzanine financing and Bridge Financing
Risk Management in Commercial r real estate investing
What types of commercial real estate investing are there
Space is limited, if you are interested in attending please send me an email at
dpaladino@landmarkmg.com
More Great things to listen to
April 1st, 2009
It seems like the internet has way to much information. Jim Nichols gave me this as sources of information for our video we did.
www.baselinescenario.com (Dr. Simon Johnson, MIT Professor of Economics and former IMF executive, blog)
www.econtalk.org (Dr. Russ Roberts, Professor of Economics at George Mason University, blog and podcast)
www.npr.org/money (Blog and podcast of current economic news)
www.thisamericanlife.org (Podcast entitled “Giant Pool of Money” which can be downloaded off of iTunes)
