Feb 27, 2023
Are you looking for creative ways to diversify your portfolio? In this episode, Rinku Patel explores the different types of assets in the commercial real estate space and how to structure deals. She discusses the importance of understanding the potential risks associated with investing and provides insights into creative approaches to investing. Rinku dives into effective systems for tenant management and highlights the importance of diversifying portfolios by investing in multi-family properties and new construction developments. Join us in this conversation with Rinku Patel and learn more about intelligent hands-off real estate investing!
Rinku started her journey in CRE in 2004 and purchased several standalone single-tenant properties. When 2007/08 occurred, she ended up losing everything and filing for bankruptcy. She went back to CRE several years back, and currently has flex, industrial, retail, office, land, and ground-up construction in her portfolio.
[00:01 - 08:02] Opening Segment
• A story of risk mitigation and overcoming adversity
Started investing in commercial real estate in 2003/2004
• How Rinku lost tenants and properties during the 2007/2008 Crisis
Filed bankruptcy and took a break from investing
[08:03 - 17:46] Navigating the Current Downturn
• How Rinku is achieving 100% occupancy
• A diversified portfolio of five to six different asset classes
• Marketing strategies include putting up "For Lease" signs and online ads
Leases are coming up for renewal and rents have increased since Covid
[17:47 - 27:47] Closing Segment
• How quarterly sales reports and diversification help to thrive
Preventing vacancy
• Rinku's outlook on the co-working industry
Connect with Rinku:
LinkedIn: Rinku Patel
Website: Invest Beyond Multifamily
Key Quotes:
"We're constantly marketing the spaces. So if we were to lose a tenant, we already have the next person in line to occupy the space." - Rinku Patel
WANT TO LEARN MORE?
Connect with me through LinkedIn
Or send me an email at sujata@luxe-cap.com
Visit my website www.luxe-cap.com or my YouTube channel
Thanks for tuning in!
If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!