Special Episode Recorded LIVE From The Best Ever Conference Podcast Stage! Andy welcomes back Aleksey Chernobelskiy, and together we explore the often-hidden complexities and controversies in the real estate investment world. Aleksey shares insights from his new GP-LP Match system, which has sparked quite a stir among industry professionals due to its disruptive nature. Listen in as we unpack the challenges faced by general partners (GPs) and limited partners (LPs), focusing on the risks and misunderstandings that can arise, particularly for those not fully prepared for the illiquid nature of their investments. Our discussion then turns to the critical issues of capital calls and cross-collateralization risks in real estate investments. We examine how some GPs use debt to fund distributions, potentially misleading LPs about a property's financial health. With a focus on ethical considerations, transparency, and the importance of open communication, we highlight real-world examples of the pitfalls of deceptive practices. We challenge the notion that capital calls should never happen, urging investors to seek GPs who prioritize honesty and clarity over unrealistic promises. Finally, we delve into the alignment of interests between GPs and LPs, emphasizing the need for transparency and clear communication. The conversation touches on the evolving expectations of LPs, the importance of traditional deal structures, and the recalibration of return expectations in today's market. As we wrap up, we underscore the value of due diligence and consulting with a professional advisor. (0:00:00) - Industry Controversy and Bridge-Building (0:12:50) - Capital Calls and Cross-Collateralization Risks (0:20:54) - Investor Alignment and Partnership Transparency (0:27:41) - Investment Advice and Expertise Sharing About Aleksey Chernobelskiy: Aleksey advises Limited Partners ("LP's) and General Partners ("GP's" or "Sponsors" ) on existing and future investments. He writes weekly to over 7,000 investors on his Substack where he shares how to property vet and think about LP investments in the grand scheme of their portfolios. His latest venture, GP-LP Match , gives a users the ability to both post their deals they are looking for LP investors in, as well as to find deals as an LP that match their "buy box". Aleksey also helps General Partners on matters relating to LPs, like capital calls and distribution pauses and provides feedback on investment decks. Prior to this advisory work, Aleksey ran STORE Capital's $10 Billion commercial real estate portfolio and oversaw the firm's underwriting team. Aleksey graduated from the University of Arizona with a quadruple major - Finance, Mathematics, Economics, & Accounting. Connect with Aleksey Twitter/X | LinkedIn | Substack Please take the time to support the show - we’d appreciate you subscribing and leaving us a review! YouTube | Apple Podcasts | Spotify Learn more about Andy McQuade Visit his website Check out Andy’s Consulting Firm Follow Andy on social media LinkedIn | Twitter/X | Instagram | Facebook | Reddit Want to know more about The TCO Method ®? Check out our website Sign up for our Newsletter Find us on social media LinkedIn | Twitter/X | Instagram | Facebook | Facebook Group | Subreddit Question? Feedback? Comment? e-mail us This podcast is for informational purposes only and should not be considered legal or financial advice. You should always consult with licensed and qualified professionals about your specific, individual situation. Read the Full Disclaimer
In this podcast episode, Andy McQuade explores the importance of strategically investing time over cost-saving measures in real estate, emphasizing opportunity cost, the benefits of hiring professionals, and effective time management for maximizing business growth. Highlights: - 0:05 - Introduction: Andy McQuade discusses the importance of prioritizing time investment over cost-saving measures in real estate. - 10:20 - Opportunity Cost: Exploring how opportunity cost can impact real estate decisions and long-term growth. - 18:45 - Hiring Professionals: Highlighting the benefits of hiring professionals to enhance efficiency and business success. - 25:30 - Time Management: Strategies for effective time management to maximize growth in the real estate industry. Video, Summary, Show Notes & Transcript Please take the time to support the show - we’d appreciate you subscribing and leaving us a review! YouTube | Apple Podcasts | Spotify Learn more about Andy McQuade Visit his website Check out Andy's Consulting Firm Follow Andy on social media LinkedIn | Twitter/X | Instagram | Facebook | Reddit Andy's Podcast Recording Tech Stack: If you use these links, we earn a small commission on your purchase which helps support the show. Shure SM7-B Microphone Cloudlifter CL-1 Inline Preamp Focusrite Scarlett 2i2 Gen4 Audio Interface Heil Sound HB-1 Mic Boom Sennheiser HD 300 Pro Headphones Want to know more about The TCO Method ®? Check out our website Sign up for our Newsletter Join our Patreon Donate and support the show Find us on Social Media LinkedIn | Twitter/X | Instagram | Facebook | FB Group | Subreddit Question? Feedback? Comment? e-mail us This podcast is for informational purposes only and should not be considered legal or financial advice. You should always consult with insured, licensed, and qualified professionals about your specific, individual situation. Read the full disclaimer.
Andy McQuade brings over two decades of experience on the supply side to today's episode where he discusses a couple of the most blatant lies about product that keep getting repeated across the industry. Highlights: - 00:01:45 - Discussion on product quality not differing significantly between big-box retailers and smaller stores using power tools as an example. - 00:04:30 - Explanation on why brands don't risk their reputation by selling lower quality items in different stores. - 00:06:50 - Exploration of how economies of scale, especially in mass production, can significantly reduce costs across various business sectors. - 00:10:15 - Analysis of the competitive advantage large retailers have due to their purchasing power and negotiation leverage. - 00:14:40 - Suggestions on how smaller businesses can remain competitive by adopting smart scaling strategies. - 00:18:20 - Emphasis on the importance for businesses to focus on systems and processes that facilitate scaling. - 00:20:50 - Urging listeners to be skeptical of misinformation and verify the credibility of sources before accepting advice. - 00:23:45 - Conclusion of the episode as both a myth-buster and guide for understanding the dynamics of retail quality and strategic use of economies of scale in business. Video, Summary, Show Notes & Transcript Please take the time to support the show - we’d appreciate you subscribing and leaving us a review! YouTube | Apple Podcasts | Spotify Learn more about Andy McQuade Visit his website Check out Andy's Consulting Firm Follow Andy on social media LinkedIn | Twitter/X | Instagram | Facebook | Reddit Andy's Podcast Recording Tech Stack: If you use these links, we earn a small commission on your purchase which helps support the show. Shure SM7-B Microphone Cloudlifter CL-1 Inline Preamp Focusrite Scarlett 2i2 Gen4 Audio Interface Heil Sound HB-1 Mic Boom Sennheiser HD 300 Pro Headphones Want to know more about The TCO Method ®? Check out our website Sign up for our Newsletter Join our Patreon Donate and support the show Find us on Social Media LinkedIn | Twitter/X | Instagram | Facebook | FB Group | Subreddit Question? Feedback? Comment? e-mail us This podcast is for informational purposes only and should not be considered legal or financial advice. You should always consult with insured, licensed, and qualified professionals about your specific, individual situation. Read the full disclaimer.
Massively Increase Your Net Operating Income™ with The TCO Method™ Are you running your business and your projects, or are your projects and business running YOU? Andy continues the conversation around the need to show up and do the work to get ahead of your business. Read the transcript Watch the episodes on YouTube Our Saturday Special interview episodes have landed! Listen to our second episode with net lease commercial broker, Dan Lewkowicz Want to know more about The TCO Method™? Check out the website Learn more about Andy McQuade Support the show! Follow us on: LinkedIn | Instagram | Twitter | NEW Free Facebook Group Subscribe to our upcoming Substack Newsletter
Massively Increase Your Net Operating Income™ with The TCO Method™ Are you running your business and your projects, or are your projects and business running YOU? Andy talks about how planning ahead, systems, and standards will help you take control of your operations so you can scale. Watch the episodes on YouTube Our Saturday Special interview episodes have landed! Listen to our second episode with net lease commercial broker, Dan Lewkowicz Want to know more about The TCO Method™? Check out the website Learn more about Andy McQuade Support the show! Follow us on: LinkedIn | Instagram | Twitter | NEW Free Facebook Group Subscribe to our upcoming Substack Newsletter
Massively Increase Your Net Operating Income™ with The TCO Method™ Andy welcomes commercial net lease broker Dan Lewkowicz to the program for our second Saturday Special interview episode! Read the transcript Watch the episode on YouTube They discuss the current market and Dan breaks down making money and adding value in net lease real estate, what risks to watch for and what to avoid when doing commercial real estate deals. Dan is a seasoned real estate veteran with over 15 years of experience across multiple facets of the real estate industry. Starting his career by “House Hacking”, he quickly moved on to flipping houses in and around metro Detroit and eventually created Renaissance Real Estate Ventures which specializes in the acquisition, financing, renovation and resale of single family residential properties in Detroit, Michigan. A former business development executive at Amazon and Senior Advisor at Fortis Net Lease specializing in commercial real estate investment sales, he is currently a Senior Director at Encore Real Estate Investment Services and specializes in shopping centers, medical office, pharmacy, quick service restaurants, auto repair and parts stores and resorts. Dan currently resides in Birmingham Michigan with his wife, Brady and their has five lovely children. He enjoys running, boxing, lifting weights, yoga, and playing acoustic guitar. Learn more and connect with Dan: Connect with him on LinkedIn His day job – Encore Real Estate Investment Services Want to know more about The TCO Method™? Check out the website Learn more about Andy McQuade Support the show! Follow us on: LinkedIn | Instagram | Twitter | NEW Free Facebook Group Subscribe to our upcoming Substack Newsletter
Massively Increase Your Net Operating Income™ with The TCO Method™ Andy talks all things appliances, from service to expectations and what to avoid and how to generate some extra NOI with incidental income with your business. Read the transcript Watch the episodes on YouTube Our Saturday Special interview episodes have landed! Listen to our first episode with The Cost Seg King, Yonah Weiss Want to know more about The TCO Method™? Check out the website Learn more about Andy McQuade Support the show! Follow us on: LinkedIn | Instagram | Twitter | NEW Free Facebook Group Subscribe to our upcoming Substack Newsletter
Massively Increase Your Net Operating Income™ with The TCO Method™ Andy discusses three toxic personalities and cutting people out of your business and personal life who are holding you back. Read the transcript Watch the episodes on YouTube Our Saturday Special interview episodes have landed! Listen to our first episode with The Cost Seg King, Yonah Weiss Want to know more about The TCO Method™? Check out the website Learn more about Andy McQuade Support the show! Follow us on: LinkedIn | Instagram | Twitter | NEW Free Facebook Group Subscribe to our upcoming Substack Newsletter
Massively Increase Your Net Operating Income™ with The TCO Method™ Andy deep dives into the why and how of process costing and breaks down a few examples that show how important it is to understand what your true cost of doing business is and how it can impact your long-term success. Read the transcript Watch the episodes on YouTube Our Saturday Special interview episodes have landed! Listen to our first episode with The Cost Seg King, Yonah Weiss Want to know more about The TCO Method™? Check out the website Learn more about Andy McQuade Support the show! Follow us on: LinkedIn | Instagram | Twitter | NEW Free Facebook Group Subscribe to our upcoming Substack Newsletter
Massively Increase Your Net Operating Income™ with The TCO Method™ Andy makes a few announcements about the new website (check it out here) and starts a discussion about how to identify and start a relationship with vendors to reduce costs, and get better service. Read the transcript Watch the episodes on YouTube Our Saturday Special interview episodes have landed! Listen to our first episode with The Cost Seg King, Yonah Weiss Want to know more about The TCO Method™? Check out the website Learn more about Andy McQuade Support the show! Follow us on: LinkedIn | Instagram | Twitter | NEW Free Facebook Group Subscribe to our upcoming Substack Newsletter
Massively Increase Your Net Operating Income™ with The TCO Method™ Andy discusses systems and controls on a much larger scale and dives into building a tool that most large operations who scale have already implemented - a standards guidebook.
Massively Increase Your Net Operating Income™ with The TCO Method™. Andy discusses inventory management and ordering controls, standards, and the need to streamline and simplify operations to create transparency and collect good data to help you make money down the road.
Massively Increase Your Net Operating Income™ with The TCO Method™ Andy digs into the importance of having a coach or mentor to help you develop and improve your performance for the benefit of both your life and business, but also discusses vetting those people properly. Social media is a powerful tool, but the risk of it being smoke & mirrors is real.
Massively Increase Your Net Operating Income™ with The TCO Method™ Andy discusses the benefits of automating as many repetitive processes as possible that are a time sink or an opportunity for complications, human error, or failure and how it can benefit your organization to do so.
Massively Increase Your Net Operating Income™ with The TCO Method™. Andy discusses the different types of Group Purchasing Organizations (GPO's), how they work, and how they make their money. Learn about when GPO's might be the right fit and find out how much buying power and money you leave on the table by letting them control your purchasing. We also discuss "consultants" that are basically salespeople representing brands and products who get paid twice - once by you for their "consulting" and also via kickbacks from the vendor they are recommending to you and your team.
Massively Increase Your Net Operating Income™ with The TCO Method™ Andy discusses current internet business clichés - the value of your network - or the lack thereof - and how you "become the five people you spend the most time with" and what the costs and challenges of that really are, why it's necessary and how it can help steer your success and the money you make and keep by bringing the people in your network onto your team...if they are the right fit.
Massively Increase Your Net Operating Income™ with The TCO Method™ Andy shifts the conversation away from procurement and discusses capex, cash reserves, and other impacts to your budgetary planning and why it's important to have good data and leverage that for success - while taking into consideration all the potential issues and desired outcomes while establishing the budget for best results.
Massively Increase Your Net Operating Income™ with The TCO Method™ Andy dives into some processes and standards you should use when building your budget and negotiating for an upcoming project.
Massively Increase Your Net Operating Income™ with The TCO Method™ Andy discusses vendor relationships and collaborating with them to solve business problems, reduce costs, and create better efficiency so you can focus on filling units and making money.
Massively Increase Your Net Operating Income™ with The TCO Method™ Andy discusses more things he looks at when doing due diligence walks and discusses how the balance between cost, curb appeal and resilience don't seem to get much play during the walks and why all the discussions need to be based around reality and not idealism.