First Ghost Kitchen developer & owner in the North East. 35 kitchens & growing πŸ‘» πŸ‘¨β€πŸ³

Boston, MA
Joined May 2009
The Ghost (πŸ‘») Kitchen Guy retweeted
BREAKING: Chinese memory chipmaker CXMT closes +465% higher in its first day of trading, officially making it the most valuable company listed in China. The rally sent the stock's market cap up from $85.5 billion during the IPO process to nearly $500 billion today.
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Good tenants build your business. Bad tenants build your stress and take up 80% of your time.
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Most people look at industrial buildings and see warehouses. I see 15 revenue-producing kitchens. Same building, different economics.
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This winter in New England was not the one to opt out of the GMB snow removal contract for our commercial buildings... Things West Cost folks don't have to deal with. What's the West Coast equivalent? CC: @moseskagan
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A site inspection due diligence checklist is a requirement for all real estate developers. What are we missing in ours?
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We spent ~5k collecting rents via ACH on Quickbooks in 2024. What’s the best alternative?
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Noticing a shift among many RE professionals I've followed since 2018 β€” fewer deals, more focus on selling courses, and hosting conferences over the past couple of years. Adapting to a changing market, I guess. #RealEstate #EvolvingStrategies
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The Ghost (πŸ‘») Kitchen Guy retweeted
Two behaviors for which we fire ~instantly: 1. Dishonesty 2. Deflecting blame for mistakes (rather than taking personal responsibility) Both poisonous to an organization entrusted with stewarding hundreds of millions of $$ of other people's assets.
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VE was the name of the game
Lesson we learned the hard way from the construction cost run-up during Covid: If your long-time contractors can’t get their pricing down low enough to let you do a deal, think long & hard before bringing in new, untested contractors to try to make the numbers pencil.
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PSA for all local brokers: send these opportunities my way.
JUST IN: Blackstone affiliate takes a huge loss on a 221k sq ft building in Boston 179 Lincoln St in downtown Boston sold for $10 w/ the buyer assuming $76.5M in mortgage debt The property last traded for $155.7M in January 2020 w/ the former owner spending millions to renovate the building This is one of many office properties in Boston that has seen plunging values w/ the CRE situation unlikely to rebound anytime soon For the latest updates on commercial real estate just like this, make sure to follow @TripleNetInvest
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Owner to owner > owner to broker to broker to owner 100% of the time
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Brokers often forget they don't get paid if a deal doesn't get done πŸ€·β€β™‚οΈ
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Never let the questionable short-term win cloud what's best for the long term. You end up paying for it in multiples.
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For example, signing a tenant renewal for a business that's habitually late on rent. It's important to listen to the signs and take action quickly. #RE #RealEstate
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Co-sign from the middle ground
One path to riches: Make yourself into the kind of person who can mediate between the World of Spreadsheets & the World of Pickup Trucks.
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I couldn’t bring my phone into a Dave Chappell show, why are people allowed to take selfies with the president πŸ€·πŸ»β€β™‚οΈ πŸ€”
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Hood grease duct cleaning, ansul system, sprinkler, fire extinguishers - each requires state mandated inspections biannually. For the owners of these certified businesses, if you’re friendly, responsive and fairly priced, you have an annuity and a clear path to wealth.
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As things come up that are recurring, ie., tenants moving in, moving out, setting up utilities - there is nothing better than internal systems and processes. SOPs, move-in checklist, move-out checklist, etc. A little time upfront saves a lot of time down the road #RealEstate
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What are the top 5 metrics Real Estate owners should look at when reviewing a year-end report?
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Replying to @airfrance
@airfrance made an error and canceled my wife's flight home from Europe this summer. They admitted their mistake but have not refunded us for the ticket I was forced to purchase at the airport for my wife to get home. It's been 7 months of horrific communication with no fix.
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If anyone from @airfrance cares about customer service or reputation, please get in touch with me. I can not keep going back and forth with different customer service agents. Case C-7074853, ticket #0572300690952
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