Two Steps to Every Big Decision

CRE Clarity

English - April 07, 2022 10:30 - 12 minutes - 12.5 MB
Investing Business Education How To cre insurance propertyinvestment reit reits realestateinvesting commercialrealestate guidetopropertyinvesting investmentpropertyadvice multifamilyinvesting Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Creating Good Deals, with Tim Bratz

Next Episode: Should I Wait To Buy Apartments? with Jason Yarusi

Welcome to the Managing CRE Risk Podcast with Jeremy Goodrich. In today’s solo episode, we talk about the importance of understanding risk and learning how to manage it. Jeremy shares a story about managing risk, we discuss ways to truly understand the risk in your CRE business, and we even have a little exercise for you at the end.

Join us and learn more about managing CRE risks and unleashing your profits at shineinsurance.com/managing-commercial-real-estate-risk!

At the beginning of the episode, Jeremy shares a childhood holiday story about a friend who didn’t realize the risk of a suspiciously cheap sunscreen. The story shows how we need to be able to see and understand the risk in every aspect of our lives in order to manage it effectively.

If you are a commercial real estate investor then you come across many risks in your business that you need to recognize and understand.

Understanding the risk is usually the hardest part. However, there are no new problems in the world anymore. Everything has been a problem before and anything worth solving has already been solved.

Once you understand the risk, you have to manage it. Managing the risk is not always easy either, but it's always doable.

Our challenge for you today is to take the biggest issue you’re dealing with and ask yourself if you truly understand what the problem is and what’s the risk of failure or success in this situation.

Write down what you do or don't understand and what actions you're going to take to understand the problem better. Then think about the next steps you can take to manage this issue.

Mentioned in the show:

Shineinsurance.com Jeremy’s LinkedIn www.shineinsurance.com/managing-commercial-real-estate-risk The REI Clarity Framework

Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we’ll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/

If you enjoyed this podcast, there’s a couple of things we need you to do right now: SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts While you there, please RATE & REVIEW the show SHARE with friends Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group

Then, please share the show with whoever you think it will inspire.

Until the next time, We truly appreciate you listening.

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