All Forum Posts by: Nick Maugeri

@Tony Kim that’s perfect 👌. Exactly

@Tony Kim and your clients can afford it, right? So in this instance - they aren’t putting themselves in a bubble

@Chandra Siwakoti well to all the prospective home buyers in California reading this, it could be discouraging. I think it’s important to note that head economists from leading real estate entities might disagree 👍.

If a buyer can afford the note on a home purchased 50K over asking, then they aren’t in a bubble, I’d say they are in their comfort zone. Furthermore, I’d say they invested that 50K in a fantastic asset that will continue to appreciate. Even if the market goes down, it’ll come back up at some point where their gain can be realized

@Chandra Siwakoti California is a big state, this statement should probably should be more localized - ‘In LA they are creating a bubble’ for example..

@Dylan Osmon sent you a DM

@Wale Lawal, thanks. I’ll go to the meet up in Modesto, California to ask about PM in Mississippi. Or maybe fly to Mississippi to go to that meet up 🤔

Hi everyone, I’m in search of a property management company or POC around Laurel County. Please share your contacts if you are willing or able. Thanks I’m advance

@Todd Dexheimer I agree, with the lighting and any type of cost cutting that can be done - it should be done to propel income and channel that into growth.

@John Warren yes, absolutely! I never understood the impact that lighting has on a large building until seeing the numbers. When you talk about one fixture saving $20, that’s awesome and I hope others will read this.

We are replacing upwards of 70 fixtures at a time. The owners, especially when supplemented by rebates, are flushing money every day they don’t look into upgrades.

Value add opportunities are so vast in commercial real estate, I thought I’d share this one which is likely overlooked by many.

I’ve transitioned into working at an LED retrofit company for my W2 job. We primarily operate in the Central Valley of CA, but the savings that our customers are seeing is so relevant to investing that I had to share.

A synopsis is that many utility companies offer rebates for changing to LED fixtures by saving KwH. We apply this instant savings to the entire job cost - which includes material, installation, and administrative services for facilitating the rebate. Often times, the out of pocket expenses for the customer are minimal, depends on the scope of work, and a 100% ROI is often realized in 6-7 months.

Obviously, after those months pass the profits from the energy savings you experience are 100% realized income.

If you want more info about these savings that the large car dealerships, large parking lots, and commercial real estate owners are experiencing - send me a message.

Even if you don’t, I recommend finding a lighting retrofit company near you and getting a free consultation to see how much you can save on operating expenses. As an investor, it is truly a no brainer.