Updated about 1 year ago on . Most recent reply
Commercial Real Estate Platform Reccomendations.
I have seen quite a few CRE platforms (Loopnet, Reonomy, Crexi etc.) and all have horrible ratings with the Better Business Bureau.
What does everyone here use as a reliable source of info to prospect and be able to do due diligence? When diving into this world, i don't want to get caught with my pants down!
Most Popular Reply
The Boomer Business Bureau isn't a credible source of information.
Loopnet and Crexi are the industry standard consumer-facing sources for CRE. Your due diligence is when you hire an inspector, when you review the estoppels, etc. Beyond the scope of what a general listing website does.
If you read the 1-star reviews on BBB for Loopnet, for example, it's a bunch of apartment renters pissed that their water heater is broken and stuff like that. Blaming Loopnet for an allegedly bad property manager is like blaming Zillow for an allegedly bad realtor...
I'm sure if Loopnet was stupid enough to give ransom money to BBB, BBB would take down the bad reviews and un-filter any good reviews (which is the entire business model of BBB).