Today my guests are Shawn Buchheit is the chief operating officer for Fountain Life, and Gloria Caulfield. Gloria is the Vice President of Strategic Alliances for Tavistock Development Company. And in just a minute, we're going to speak with Shawn and Gloria, about how Master Plan communities can lead to healthier living.

J Darrin Gross

I'd like to ask you, Sean Buchheit and Gloria Caulfield, what is the Biggest Risk?

Shawn Buchheit  

Well, for us, it's overextending, you've heard all the wonderful the ecosystem that's there at Lake Nona and Tavistock there's so many incredible opportunities to do exciting new things. For us, it's really important to us to remain focused on our core business, and while we are who we are, and prioritize all all the amazing opportunities that we have part of being part of an ecosystem like that, so just again, overextending for us and it would be our business, our biggest risk. 

J Darrin Gross  

Gloria, anything from you, or,

Gloria Caulfield  

Yeah, I mean, I think our biggest risk is not being true to our mission. I mean, in, you know, we, we have this whole mission and vision statement that I mentioned earlier, to create the ideal place to inspire human potential through innovative collaboration. And when you have a mission statement like that, I mean, it's, it's a pretty lofty goal. And, but it also is a filter for us. Like it's a filter of organizations we want to be associated with or not associated with, you know, the types of businesses that really are good fit within this, because it's really the sum total, but it's going to ladder up to fulfilling the mission. And, you know, real estate development is tricky. I mean, it's always fraught with various challenges. But at the end of the day, are you able to really fulfill the dream that you've created or not? And, to me, that's the biggest risk. And so far, I think we're run a phenomenal path to continue to do that.

J Darrin Gross

I'd like to ask you, and I'm sure what is the biggest risk?

Adam Sharif 

for us is the biggest risk for anyone else. And that is uncertainties. Okay, no one no uncertainties. It's the opposite of having a line of sight, right? There's no one, no one can sit there and tell you exactly what's going to happen. Everyone can guess. So that's one of them. But I liked it recently. One, this question was asked of Warren Buffett. And and I love his answer. Basically, he said political risks international political risks, like wars, and Ukraine, and such, and, and maybe the next pandemic, those are what he worries about the most, those are the things that he can't control. Those are things that that could create even greater uncertainty all over the place. So I'm gonna go with that answer. I like, personally, anyway. And when he when he gave that answer, I thought it was fantastic. We can we can talk about the micro, the, you know, the interest rates, and, and, you know, all kinds of stuff, inflation and deflation, we can do all that sort of stuff, but answers got to be things you can't see, you know, things you can't do anything about, those of those are the biggest risks and, and they're not always very, they're not transferable. Those are nervous, you can transfer to other people, those are the ones that you're going to have to, you know, handle yourself. And which makes business very exciting. And also, you know, stressful.

Today, my guest is Chris Larsen. Chris is the founder and principal of Next Level Income he has been investing in and managing real estate for over 20 years. While still in college. He bought his first rental at the age of 21. And from there Chris expanded into development, private lending, buying distressed debt, as well as commercial offices and ultimately syndicating commercial properties. He began syndicating deals in 2016 and has been actively involved in over 1 billion real estate acquisitions. And Chris is passionate about helping business investors become financially independent. And in just a minute, we are going to speak with Chris about why and how he invest in cash flowing businesses like car washes, in addition to real estate. 

J. Darrin Gross

I like to ask you, Chris Larsen, what is the Biggest Risk?

Chris Larsen  

Yeah, so I think everybody's talking right now out there, and about interest rates and cash flows. And you can mitigate those, you can lock in interest rates, you can set money, you can increase your reserves that you have out there. And those those are all good things. For sure. But I think the biggest risks that that we face, and we kind of talked about this in an indirect manner. It's people, it's people, you know, do you have the right people on the team? If you're an investor? Are you investing with the right people? Are you investing with somebody who's just a sole operator without partners? What if something happens to them? Obviously, I'm acutely aware of that I lost my father at age five, I lost my best friend in college at the age of 18. So I know that, you know that there's, there's things you need to put into play. So things like life insurance, estate planning, are probably more apparent to me when it comes to that. But if you're if you're an investor, I would ask that question. I would say, hey, you know, Chris, how Are you addressing this issue? How was the team built out? So if something happens to that fantastic operator that you have that came from the medical production facility, you know, how's the team structure, something happens to him? You know, where's the point of failure when it comes to that? What we do we put systems in place. So I really, I really like kind of the methodology of optimizing the solution, and then automating that solution and ultimately outsourcing that solution. So again, that's optimized, automate, and outsource. And if you do that, that doesn't mean you release control of it. But after I opt, optimize or iterate, you know, engineers, they iterate right, you iterate, you get better, you get better. And then you figure out how do you how do you automate that and oftentimes with automation, it's it's bringing on technologies that may be better than people. So we have we have certain technologies that we use, like our, our customer, our CRM system, where it automates responses, and it's able to check logs, and then it's able to say, Okay, did did, did we check this box for Darren yes or no, and then maybe it moves it to an individual so that, you know, a human can address that situation. And then finally, that outsource piece, if you can, if you can automate something, and then outsource it, that means that, you know, if, if something happens to me, then my partner or one of our employees can address that situation. And I think that's, that's really important, because it handles two situations, one, immediate downside risks there. But it also reduces your upside risk. And what I mean by that is, as you scale, quality can go down. So how can you scale a business, but increase the quality and increase the benefits that you get from scaling? And I think that is really, you know, talking about the risk, but also talking about how you can use that as a competitive advantage as well.

Today, my guest is Franco Perez, Franco grew up in a family that experienced unstable housing. Today, Franco is on a mission to create affordable housing in Silicon Valley. And in just a minute, we're going to speak with Franco about how mobile homes are the easy answer to the housing crisis.

J Darrin Gross

I'd like to ask you, Franco Perez, what is the Biggest Risk?

Franco Perez  

I think, for this conversation is one of the biggest things is really the advocacy and you mentioned politics. You know, what one of the big risks are people not understanding the value of these mobile home parks, and them advocating for these to be closed down or redeveloped into rentals into rental property? You know, these. That's what I'm fighting for right now with our conversation on the Congress meeting. And that sort of thing is protecting these parks, making sure we keep affordable housing available. And that's one of the big risks that I see because a quick government change could really change the landscape of these opportunities for so many people. And we need to protect these mobile home parks and create guidelines and policies to make sure that there's always going to be opportunities and social mobility for the middle class to be able to, to to own assets and stuff like that as well. So that's, to me, I'm finding is one of the biggest risks of our industry.

Today, my guest is Mike Kaeding. Mike is the CEO of Norhart, where they design build and rent apartments. Norhart is transforming the way apartments are built and managed by incorporating technologies and efficiencies that have revolutionized other industries. And in just a minute, we're going to speak with Mike about how Norhart is disrupting the housing crisis.

J Darrin Gross

I'd like to ask you Mike Kaeding. What is the Biggest Risk?

Mike Kaeding  

Such a good question. I'm going to answer it in three parts, three levels. The first level is the surface level, which is today's some of the bigger risks of the economy. Specifically rise in interest rates has that has a negative effect and debt proceeds used to fund new construction and just deals in general. But if we take it a step further deeper, which you realize is that those kind of problems happen all the time. It's this year, it's interest rates next year, it might be employment. After that it might be a supply chain, just something totally different. And so the deeper level, the deeper risk, there's level two, is making sure you have the right people. Because if you have an amazing quality team that can solve the biggest, most challenging issues, they solve those problems, they start unlocking doors and making things happen that you didn't know could happen. They have the capacity to pivot and change with the changing times and the changing market. So that's the level two tickets one step deeper, and maybe the deepest level for me, I think the biggest risk in life is not utilizing your life to the fullest potential. You know, as I mentioned earlier, my dad died at a relatively young age. And I haven't asked myself the question, how do I want to spend the minutes I have here on Earth? It For Me, a big part of that answer is I want to make some kind of meaningful, positive impact on the world. So I think the biggest risk we all face is selling ourselves short not trying to make the biggest impact we can and not living the life that we know we can live.

Today, my guest is Rick Kalvoda. Rick is the President of the Analytics Branch for the Americas of Altus Group, which is a service provider of intelligence to the global commercial real estate industry. Rick has over 30 years of experience in commercial real estate consulting with a focus on valuation and management. And just a minute we're going to speak with Rick about Data Insights into the Quickly Changing State of the Commercial Real Estate Market. But first, a quick reminder, if you like our show, CRE PN Radio, there are a couple of things you can do to help us out. You can like share and subscribe. And as always, we encourage you to leave a comment. We'd love to hear from our listeners. Also, if you want to see how handsome Our guests are, be sure to check out our YouTube channel. You can find us on YouTube at commercial real estate pro network. And while you're there, please subscribe. With that I want to welcome my guest, Rick Kalvoda. Welcome to CRE PN Radio.