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Commercial Real Estate Pro Network

Commercial Real Estate Professionals who work with Investors, Buyers and Sellers of Commercial Real Estate. We discuss todays opportunities, problems & solutions in Commercial Real Estate.
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Now displaying: Page 1
Jul 19, 2022

J Darrin Gross

I'd like to ask you, Tom Dunkel, what is the BIGGEST RISK?

 

Tom Dunkell  36:38  

Like lots of business owners out there daring and we have a number of different different risks that we're faced with on a daily weekly annual basis. In the, like, in storage, as I, as I mentioned earlier, we're avoiding development projects, because we just see a lot of risk in those right now with with supply chain issues, labor issues, material cost issues, and it's just not really in the DNA of our company. So we're avoiding that one entirely. On the facilities that we do buy, we minimize risk by not over leveraging by being conservative with our projections. And of course, we use insurance to make sure that the physical plant is properly insured. But as far as our biggest risks our business there, and I would say, it's really, it's really me, it's really me and our leadership team. The business can only grow and go so far as we're able to take it. So we have to be the best that we can be we have to be we have to be educated and smart and and hire the right people and bring in the right partners. Because if any of those things get out of out of whack, you know, we're not going to reach our potential and that's what we're we're here to do or reach our potential and provide value to our investors. So we're always looking for ways to improve ourselves and improve our business. As I mentioned earlier, we do have core values, we do have a purpose. And so we use those as our guideposts every day in our decision making. But you know, we're always looking for better ways to do business to take care of our investors and just be good good members of our of our business community.

 

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