JT
@jeffdthompson.bsky.social
A former broker, p.manager, accountant, and maintenance man. Now VP Asset Management for 6.5m SF industrial/office portfolio.
Pinned
JT
@jeffdthompson.bsky.social
· Dec 11
The Landlord Confessional
My name is Jeff Thompson, I’ve been working in CRE for nearly 15 years, and I thought it was time for someone to start sharing the honest truth about being a commercial landlord.
My name is Jeff Thompson, I’ve been working in CRE for nearly 15 years, and I thought it was time for someone to start sharing the honest truth about being a commercial landlord.
Landlord confession
I LOVE approving big commission cheques. The bigger the better.
I hope brokers get that new boat. Sports car. Second home.
Fund a few years of college for their kids.
Why?
That means we are signing big time deals and adding major cash flow/value.
I LOVE approving big commission cheques. The bigger the better.
I hope brokers get that new boat. Sports car. Second home.
Fund a few years of college for their kids.
Why?
That means we are signing big time deals and adding major cash flow/value.
March 11, 2025 at 5:40 PM
Landlord confession
I LOVE approving big commission cheques. The bigger the better.
I hope brokers get that new boat. Sports car. Second home.
Fund a few years of college for their kids.
Why?
That means we are signing big time deals and adding major cash flow/value.
I LOVE approving big commission cheques. The bigger the better.
I hope brokers get that new boat. Sports car. Second home.
Fund a few years of college for their kids.
Why?
That means we are signing big time deals and adding major cash flow/value.
Landlord confession
For many years I dreamt about opening my own restaurant.
Then I worked in retail asset management and saw just how many food operators die.
Then I started dreaming about owning the shopping centres I was working on.
Landlord > Tenant
For many years I dreamt about opening my own restaurant.
Then I worked in retail asset management and saw just how many food operators die.
Then I started dreaming about owning the shopping centres I was working on.
Landlord > Tenant
January 18, 2025 at 4:51 PM
Landlord confession
For many years I dreamt about opening my own restaurant.
Then I worked in retail asset management and saw just how many food operators die.
Then I started dreaming about owning the shopping centres I was working on.
Landlord > Tenant
For many years I dreamt about opening my own restaurant.
Then I worked in retail asset management and saw just how many food operators die.
Then I started dreaming about owning the shopping centres I was working on.
Landlord > Tenant
Landlord confession
Entering a new asset class can be daunting.
I can vouch as I’ve done this a few times in my career. Going from office, to retail, to apartments, now industrial.
👇
Entering a new asset class can be daunting.
I can vouch as I’ve done this a few times in my career. Going from office, to retail, to apartments, now industrial.
👇
January 12, 2025 at 3:28 PM
Landlord confession
Entering a new asset class can be daunting.
I can vouch as I’ve done this a few times in my career. Going from office, to retail, to apartments, now industrial.
👇
Entering a new asset class can be daunting.
I can vouch as I’ve done this a few times in my career. Going from office, to retail, to apartments, now industrial.
👇
Are CAP rates coming down?
The answer appears to be YES!
We have been appraising our portfolio as part of our year end process and I can say across the board we have been seeing reductions in our the CAP rates of 0.25% - 0.50%
👇
The answer appears to be YES!
We have been appraising our portfolio as part of our year end process and I can say across the board we have been seeing reductions in our the CAP rates of 0.25% - 0.50%
👇
January 7, 2025 at 3:31 AM
Are CAP rates coming down?
The answer appears to be YES!
We have been appraising our portfolio as part of our year end process and I can say across the board we have been seeing reductions in our the CAP rates of 0.25% - 0.50%
👇
The answer appears to be YES!
We have been appraising our portfolio as part of our year end process and I can say across the board we have been seeing reductions in our the CAP rates of 0.25% - 0.50%
👇
Landlord confession
I’ve learned the most from working on distressed properties.
It forces you out of your comfort zone (of fully leased properties) and gets you looking at every single angle/aspect of the real estate.
👇
I’ve learned the most from working on distressed properties.
It forces you out of your comfort zone (of fully leased properties) and gets you looking at every single angle/aspect of the real estate.
👇
January 6, 2025 at 11:43 AM
Landlord confession
I’ve learned the most from working on distressed properties.
It forces you out of your comfort zone (of fully leased properties) and gets you looking at every single angle/aspect of the real estate.
👇
I’ve learned the most from working on distressed properties.
It forces you out of your comfort zone (of fully leased properties) and gets you looking at every single angle/aspect of the real estate.
👇
Just did a return at Costco this afternoon. Line up out the door and piles of returns in shopping carts behind the counter.
Would love to know what their return volume is?!
Any one know?
Would love to know what their return volume is?!
Any one know?
January 5, 2025 at 6:47 PM
Just did a return at Costco this afternoon. Line up out the door and piles of returns in shopping carts behind the counter.
Would love to know what their return volume is?!
Any one know?
Would love to know what their return volume is?!
Any one know?
Let’s just all admit tomorrow is the first work day of 2025. 🤷♂️
January 5, 2025 at 6:46 PM
Let’s just all admit tomorrow is the first work day of 2025. 🤷♂️
I like pickleball. Fun game.
But the only way I’m touching a pickleball tenant is if the deal has my two favourite words….AS IS
But the only way I’m touching a pickleball tenant is if the deal has my two favourite words….AS IS
January 4, 2025 at 2:11 AM
I like pickleball. Fun game.
But the only way I’m touching a pickleball tenant is if the deal has my two favourite words….AS IS
But the only way I’m touching a pickleball tenant is if the deal has my two favourite words….AS IS
Landlord confession
Despite all the hustle posts you read on here, I’m convinced most leasing brokers out there today do not cold call.
Sure, they call people, but it’s mostly the other brokers in the market. I get told by some of my brokers they called a tenant…
👇
Despite all the hustle posts you read on here, I’m convinced most leasing brokers out there today do not cold call.
Sure, they call people, but it’s mostly the other brokers in the market. I get told by some of my brokers they called a tenant…
👇
January 4, 2025 at 2:10 AM
Landlord confession
Despite all the hustle posts you read on here, I’m convinced most leasing brokers out there today do not cold call.
Sure, they call people, but it’s mostly the other brokers in the market. I get told by some of my brokers they called a tenant…
👇
Despite all the hustle posts you read on here, I’m convinced most leasing brokers out there today do not cold call.
Sure, they call people, but it’s mostly the other brokers in the market. I get told by some of my brokers they called a tenant…
👇
Landlord confession
Surprise! I am against rent control.
I see it purely as a move politicians talk about and make to simply be seen as trying to help. It is not real estate policy, it is a political maneuver. 👇
Surprise! I am against rent control.
I see it purely as a move politicians talk about and make to simply be seen as trying to help. It is not real estate policy, it is a political maneuver. 👇
January 2, 2025 at 6:01 PM
Landlord confession
Surprise! I am against rent control.
I see it purely as a move politicians talk about and make to simply be seen as trying to help. It is not real estate policy, it is a political maneuver. 👇
Surprise! I am against rent control.
I see it purely as a move politicians talk about and make to simply be seen as trying to help. It is not real estate policy, it is a political maneuver. 👇
Can we please stop reporting on how “big” the pay gap is between CEO’s and employees. This is like complaining about the gap between minor league players salary and pro level players.
This is the big leagues folks!
This is the big leagues folks!
January 2, 2025 at 5:56 PM
Can we please stop reporting on how “big” the pay gap is between CEO’s and employees. This is like complaining about the gap between minor league players salary and pro level players.
This is the big leagues folks!
This is the big leagues folks!
There’s nothing worse than a lawyer, repping a 1,500sf tenant, whose favourite colour is red.
December 28, 2024 at 6:15 PM
There’s nothing worse than a lawyer, repping a 1,500sf tenant, whose favourite colour is red.
Do yourself a favour.
Ask “how can I bring joy to someone else today”
Thank me later
Ask “how can I bring joy to someone else today”
Thank me later
December 28, 2024 at 6:15 PM
Do yourself a favour.
Ask “how can I bring joy to someone else today”
Thank me later
Ask “how can I bring joy to someone else today”
Thank me later
We survived!
Cheers to a successful 2025!
Cheers to a successful 2025!
December 25, 2024 at 4:18 PM
We survived!
Cheers to a successful 2025!
Cheers to a successful 2025!
I don’t drink so does that mean I get to eat five cookies and not feel guilty?
December 25, 2024 at 4:16 PM
I don’t drink so does that mean I get to eat five cookies and not feel guilty?
When did skates become $1300?!🤯
I’ve been out of the hockey game for longer than I thought.
Also found out that Bauer now sells some models WITHOUT BLADES?!
What happens next a blade subscription?😂
I’ve been out of the hockey game for longer than I thought.
Also found out that Bauer now sells some models WITHOUT BLADES?!
What happens next a blade subscription?😂
December 25, 2024 at 4:15 PM
When did skates become $1300?!🤯
I’ve been out of the hockey game for longer than I thought.
Also found out that Bauer now sells some models WITHOUT BLADES?!
What happens next a blade subscription?😂
I’ve been out of the hockey game for longer than I thought.
Also found out that Bauer now sells some models WITHOUT BLADES?!
What happens next a blade subscription?😂
Landlord Confession
For so many reasons, when doing a lease deal, I’d much rather give a tenant allowance and capture a higher face rate.
This higher rent provides greater access to financing (more revenue). It also increases the value of your property which means higher returns at exit.👇
For so many reasons, when doing a lease deal, I’d much rather give a tenant allowance and capture a higher face rate.
This higher rent provides greater access to financing (more revenue). It also increases the value of your property which means higher returns at exit.👇
December 19, 2024 at 5:10 PM
Landlord Confession
For so many reasons, when doing a lease deal, I’d much rather give a tenant allowance and capture a higher face rate.
This higher rent provides greater access to financing (more revenue). It also increases the value of your property which means higher returns at exit.👇
For so many reasons, when doing a lease deal, I’d much rather give a tenant allowance and capture a higher face rate.
This higher rent provides greater access to financing (more revenue). It also increases the value of your property which means higher returns at exit.👇
Landlord confession
I prefer to have the tenant sign the doc first. They ask me fairly often to do it first but I we technically can’t sign until we have lender approval which can’t happen until we have tenant commitment.👇
I prefer to have the tenant sign the doc first. They ask me fairly often to do it first but I we technically can’t sign until we have lender approval which can’t happen until we have tenant commitment.👇
December 19, 2024 at 5:09 PM
Landlord confession
I prefer to have the tenant sign the doc first. They ask me fairly often to do it first but I we technically can’t sign until we have lender approval which can’t happen until we have tenant commitment.👇
I prefer to have the tenant sign the doc first. They ask me fairly often to do it first but I we technically can’t sign until we have lender approval which can’t happen until we have tenant commitment.👇
Landlord confession
I once worked for an owner early in my career that didn’t use annual property budgets.
👇
I once worked for an owner early in my career that didn’t use annual property budgets.
👇
December 13, 2024 at 6:01 PM
Landlord confession
I once worked for an owner early in my career that didn’t use annual property budgets.
👇
I once worked for an owner early in my career that didn’t use annual property budgets.
👇
Landlord Confession
Travelling for real estate business is not glamorous.
It’s 18 hour days. Flights at the crack of dawn. Long drives in suits. Many meals on the road. Always being “on”. Days away from home and the family. Not a vacation. Not relaxing.
👇
Travelling for real estate business is not glamorous.
It’s 18 hour days. Flights at the crack of dawn. Long drives in suits. Many meals on the road. Always being “on”. Days away from home and the family. Not a vacation. Not relaxing.
👇
December 11, 2024 at 4:08 PM
Landlord Confession
Travelling for real estate business is not glamorous.
It’s 18 hour days. Flights at the crack of dawn. Long drives in suits. Many meals on the road. Always being “on”. Days away from home and the family. Not a vacation. Not relaxing.
👇
Travelling for real estate business is not glamorous.
It’s 18 hour days. Flights at the crack of dawn. Long drives in suits. Many meals on the road. Always being “on”. Days away from home and the family. Not a vacation. Not relaxing.
👇
Landlord confession
It bothers me when I tour our properties and I see garbage on the ground. An empty pop can. Bag of chips. Plastic bag. Whatever.
I always pick it up and find a trash can.
Take pride in the appearance of your propeties because if you won’t then who will?
It bothers me when I tour our properties and I see garbage on the ground. An empty pop can. Bag of chips. Plastic bag. Whatever.
I always pick it up and find a trash can.
Take pride in the appearance of your propeties because if you won’t then who will?
December 11, 2024 at 2:52 PM
Landlord confession
It bothers me when I tour our properties and I see garbage on the ground. An empty pop can. Bag of chips. Plastic bag. Whatever.
I always pick it up and find a trash can.
Take pride in the appearance of your propeties because if you won’t then who will?
It bothers me when I tour our properties and I see garbage on the ground. An empty pop can. Bag of chips. Plastic bag. Whatever.
I always pick it up and find a trash can.
Take pride in the appearance of your propeties because if you won’t then who will?
Landlord Confession
I love fast moving deals.
You know it when you start the convo with your broker and he says they need the space asap.
Generally means you’ve got a shot to score a quick lease up but also an elevated rental rate.
👇
I love fast moving deals.
You know it when you start the convo with your broker and he says they need the space asap.
Generally means you’ve got a shot to score a quick lease up but also an elevated rental rate.
👇
December 11, 2024 at 2:42 PM
Landlord Confession
I love fast moving deals.
You know it when you start the convo with your broker and he says they need the space asap.
Generally means you’ve got a shot to score a quick lease up but also an elevated rental rate.
👇
I love fast moving deals.
You know it when you start the convo with your broker and he says they need the space asap.
Generally means you’ve got a shot to score a quick lease up but also an elevated rental rate.
👇
The Landlord Confessional
My name is Jeff Thompson, I’ve been working in CRE for nearly 15 years, and I thought it was time for someone to start sharing the honest truth about being a commercial landlord.
My name is Jeff Thompson, I’ve been working in CRE for nearly 15 years, and I thought it was time for someone to start sharing the honest truth about being a commercial landlord.
December 11, 2024 at 2:11 PM
The Landlord Confessional
My name is Jeff Thompson, I’ve been working in CRE for nearly 15 years, and I thought it was time for someone to start sharing the honest truth about being a commercial landlord.
My name is Jeff Thompson, I’ve been working in CRE for nearly 15 years, and I thought it was time for someone to start sharing the honest truth about being a commercial landlord.