John W. Tanner, J.D., M.S.

So You Want to Be a Real Estate Agent?

Posted on May 15, 2023May 12, 2023 by John W. Tanner, J.D.|M.S.

Dear Potential Real Estate Agent,

Are you looking to take your real estate career to the next level? Look no further! We are currently seeking ambitious and driven real estate agents to join our team at Coleman Tanner Realty in Miami and Jacksonville.

At Coleman Tanner Realty, we understand the importance of providing our agents with the tools and resources they need to succeed. That’s why we offer unparalleled support and training programs to ensure our agents are equipped with the knowledge and skills necessary to thrive in today’s competitive real estate market.

Our new teams will be made up of five top-performing agents who are committed to delivering exceptional service to our clients. With our extensive network and marketing strategies, we aspire to establish a strong reputation in the industry, becoming one of the most trusted and respected brokerages in the area.

We are looking for agents who share our values of honesty, integrity, and professionalism. Our ideal team members are passionate about what they do and are dedicated to helping their clients achieve their real estate goals.

As a member of our team, you will have access to:

Comprehensive training programs to help you build your skills and knowledge
A supportive team environment that encourages growth and collaboration
Cutting-edge technology to streamline your work and enhance your productivity
A competitive compensation package that rewards hard work and dedication

Whether you are just starting your career in real estate or are an experienced agent looking to take your business to the next level, we invite you to join our team. At Coleman Tanner Realty, you will have the opportunity to work with some of the best in the industry and be a part of a company that is committed to your success.

If you are interested in learning more about this exciting opportunity, your next step is to click on the link below to download our New Agent Welcome Packet. If you have any questions, please don’t hesitate to contact us. We look forward to hearing from you soon.

Sincerely,

John W. Tanner, J.D.|M.S.
Lic. Real Estate Broker-Owner

Download Our New Agent Welcome Packet

Real Estate Investing

How to Underwrite a Real Estate Investment

Posted on May 13, 2023 by John W. Tanner, J.D.|M.S.

Real estate investing can be a lucrative way to grow your wealth, but it’s not without risks. One of the keys to success in real estate investing is the ability to underwrite investment opportunities effectively.

What is underwriting?

Underwriting is the process of analyzing a real estate investment opportunity to determine whether it is a good fit for your investment goals and risk tolerance. In this tutorial, we’ll explore the 6 steps you can take to underwrite a real estate investment opportunity.

Step 1: Evaluate the Market

Before you can underwrite a real estate investment opportunity, you need to evaluate the market. This involves researching the local real estate market to determine the demand for properties in the area, the current pricing trends, and the overall health of the market. You’ll also want to consider the potential for future growth or decline in the market.

Step 2: Analyze the Property

Once you have a sense of the market, you can start analyzing the property itself. This involves looking at factors such as the property’s location, size, and condition. You’ll also want to consider any potential zoning restrictions or other legal considerations that could impact the property’s value.

Step 3: Determine the Income Potential

Once you have a sense of the property’s value, you need to determine its income potential. This involves analyzing the property’s potential rental income or resale value. You’ll want to consider factors such as the local rental market, the property’s rental history (if applicable), and the potential for future rent increases.

Step 4: Consider the Costs

In addition to the property’s income potential, you’ll also need to consider the costs associated with owning and operating the property. This includes factors such as property taxes, insurance, maintenance and repairs, and any other expenses related to the property.

Step 5: Calculate the Return on Investment

Once you have a clear sense of the property’s income potential and costs, you can calculate the return on investment (ROI). This involves determining the expected annual cash flow from the property, subtracting the operating expenses, and dividing the result by the total investment.

Step 6: Evaluate the Risks

Finally, it’s important to evaluate the risks associated with the investment opportunity. This includes both the risks associated with the property itself (such as potential vacancy or repairs) as well as broader market risks (such as a decline in the local real estate market). You’ll want to consider the likelihood of these risks and the potential impact on your investment.

Conclusion

Underwriting a real estate investment opportunity is a complex process that requires careful analysis and consideration of a wide range of factors. By following these steps, you can improve your chances of making informed investment decisions that align with your goals and risk tolerance. Remember, investing always comes with risks, so make sure to do your due diligence and consult with professionals as needed.

🤖 Source: ChatGPT Mar 23 Version. Free Research Preview. ChatGPT may produce inaccurate information about people, places, or facts

Real Estate Sales Tips

Now Hiring: Real Estate Agents Needed

Posted on May 12, 2023 by John W. Tanner, J.D.|M.S.

https://colemantannerrealty.wordpress.com/contact/recruiting/

Business Coaching

Student Saturday: How to Set Up Human Resources in a New Business

Posted on May 6, 2023 by John W. Tanner, J.D.|M.S.

Excerpt from Up! Course 3: Business Growth Plan, Module 3 – The Architect

Starting a new business is an exciting time, and it can be tempting to focus all your attention on the products or services you’ll offer.

However, one critical component that you shouldn’t overlook is setting up human resources (HR) in your new business.

Properly managing HR can help ensure that your business operates smoothly and can attract and retain talented employees.

In this section, we’ll go over some key steps to help you set up HR in your new business.

Step 1: Develop an HR Plan

Before you begin hiring employees, it’s essential to have a plan for managing HR. This plan should include policies and procedures for hiring, onboarding, performance management, employee relations, and compliance. A comprehensive HR plan will help you stay organized and ensure that you’re meeting legal requirements.

Step 2: Create Job Descriptions

Job descriptions are essential for hiring the right employees. They should include job title, duties and responsibilities, required qualifications, and compensation. Job descriptions also help employees understand their roles and responsibilities and can be used for performance evaluations.

Step 3: Establish Employee Benefits

Offering employee benefits can help attract and retain talented employees. Benefits can include health insurance, retirement plans, paid time off, and flexible scheduling. It’s essential to research your options and determine which benefits make the most sense for your business and employees.

Step 4: Develop an Employee Handbook

An employee handbook outlines the policies and procedures that employees are expected to follow. It should include information about company culture, benefits, time off, and other important policies. An employee handbook helps ensure that all employees are aware of your expectations and can help reduce confusion and misunderstandings.

Step 5: Ensure Compliance with Employment Laws

Employment laws can be complex and vary depending on your industry and location. It’s essential to ensure that your business is complying with all applicable laws, such as minimum wage requirements, overtime pay, anti-discrimination laws, and workplace safety regulations.

Step 6: Provide Training and Support

Payroll and recordkeeping systems (such as ADP) help ensure that employees are paid accurately and on time and that all employee records are properly maintained. There are many software options available that can help simplify this process, but it’s important to select a system that meets your needs and is easy to use.

Step 7: Train Managers and Employees

Properly training managers and employees can help ensure that HR policies are followed consistently. Managers should be trained on how to handle employee relations issues and performance evaluations. Employees should be trained on company policies and procedures, including safety protocols.

Conclusion

Setting up HR in a new business can be challenging, but it’s essential for the success of your business. By developing an HR plan, creating job descriptions, establishing employee benefits, developing an employee handbook, ensuring compliance with employment laws, implementing payroll and recordkeeping systems, and training managers and employees, you’ll be on your way to building a strong and successful HR program.

If you would like additional support in setting up HR in your business, schedule a consultation with us at http://www.calendly.com/jwtanner

🤖 (Source: ChatGPT)

Business Coaching

How to Raise Funds Using NFTs

Posted on May 1, 2023 by John W. Tanner, J.D.|M.S.

Have you been curious about how to raise funds using non-fungible tokens (NFTs)?

Non-fungible tokens (NFTs) have been making headlines in recent years for their potential to revolutionize the way we buy, sell, and trade digital assets.

These unique digital tokens are often associated with the art world, where they have been used to sell digital artwork for millions of dollars.

However, NFTs have a wide range of applications beyond the art world, including fundraising.

In this video, we’ll explore how to raise funds using non-fungible tokens by answering a few frequently asked questions.

Q1. What are non-fungible tokens?

Before we dive into how to use NFTs for fundraising, it’s important to understand what NFTs are.

NFTs are unique digital tokens that are built on blockchain technology. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible, meaning that one unit of the currency is interchangeable with another unit, each NFT is unique and cannot be replicated.

This means that each NFT has a specific value and cannot be exchanged for another token on a one-to-one basis.

Q2. How can NFTs be used for fundraising?

NFTs can be used for fundraising in a number of different ways. One common approach is to create a digital collectible, such as a trading card or sticker, and sell it as an NFT.

These collectibles can be sold individually or as a set, with the proceeds going towards the fundraising goal.

Another approach is to create an NFT that grants the buyer access to a particular event or experience.

For example, a music artist could sell an NFT that grants the buyer backstage access to their next concert, or a sports team could sell an NFT that grants the buyer the opportunity to meet the team’s star player.

In this case, the NFT acts as a ticket or pass to the event or experience.

NFTs can also be used to sell digital goods, such as e-books, music, or videos.

By selling these goods as NFTs, the creator can ensure that each copy is unique and that the buyer is the only one with access to the digital content. This creates scarcity and exclusivity, which can increase the value of the digital goods and make them more attractive to buyers.

Q3. How can I create and sell NFTs for fundraising?

Creating and selling NFTs for fundraising is a relatively straightforward process.

Here are the 6 basic steps:

Determine your fundraising goal and the type of NFT you want to create.
Create the NFT using a blockchain platform such as Ethereum, which has built-in tools for creating and selling NFTs.
Set a price for the NFT and determine how many copies you want to sell.
List the NFT for sale on a marketplace that supports NFTs, such as OpenSea or Rarible.
Promote the NFT through social media, email, and other channels to generate interest and drive sales.
Once the NFTs are sold, transfer the proceeds to your fundraising campaign.

Conclusion:

Non-fungible tokens offer a unique way to raise funds for a wide range of causes and projects.

By creating and selling NFTs, you can tap into the growing interest in digital collectibles and unique experiences, while raising funds to support your business or nonprofit endeavors.

While there are some technical challenges to creating and selling NFTs, the potential benefits make it a worthwhile endeavor for those looking to raise funds in a new and innovative way.

🤖 Source: ChatGPT Mar 23 Version. Free Research Preview. ChatGPT may produce inaccurate information about people, places, or facts

⚖️ Disclaimer: The content herein is for educational purposes only. The author hereby disclaims any liability for investment decisions made based on the information contained herein. You should consult with a financial advisor, accountant, and/or licensed attorney prior to making any investment decisions.

🏡 Coleman Tanner Realty is an equal housing provider. We represent residential and commercial real estate investors. For more information about our services, please visit us online at: http://www.ColemanTanner.com

Office – Jacksonville:
(904) 698-2014

Real Estate Investing

How to Create a Private Equity Fund to Purchase Commercial Real Estate.

Posted on April 29, 2023April 29, 2023 by John W. Tanner, J.D.|M.S.

Hello, everyone. My name is John Tanner, and I’m here to share with you some information about how to create a private equity fund to purchase commercial real estate.

By the end of this blog post, you’ll have a good understanding of the five key steps involved in setting up a private equity fund for commercial real estate investing, as well as receive some bonus tips for having success in this exciting and rewarding industry.

First of all, let’s define what we mean by a private equity fund. Essentially, a private equity fund is a pool of money that’s managed by a team of experienced investment professionals, who use it to purchase assets such as real estate, with the goal of generating a return for the fund’s investors.

In the case of commercial real estate, this might mean buying office buildings, retail spaces, or industrial properties, and franchises, among other types of real estate.

So, how do you create a private equity fund to purchase commercial real estate?

Here are the five key steps involved:

Step 1: Define your investment strategy

Before you can start raising money for your fund, you need to have a clear idea of what your investment strategy will be.

This might include things like the types of properties you want to invest in, the geographic regions you’re targeting, and the investment timeline you’re working with.

It’s important to do your research and make sure your investment strategy is well thought out and informed by market trends and data.

Step 2: Build your team

Once you have your investment strategy in place, you’ll need to build a team of experienced professionals to help you execute it.

This might include real estate brokers, lawyers, accountants, and other professionals who can provide valuable insights and expertise as you build your fund.

Step 3: Raise capital

With your investment strategy and team in place, it’s time to start raising capital for your fund.

This might involve reaching out to potential investors, pitching your investment strategy, and building relationships with people who are interested in investing in commercial real estate.

Step 4: Identify and purchase properties

Once you have the capital you need, you can start identifying and purchasing properties that fit with your investment strategy.

This might involve working with real estate brokers to find properties that are a good fit, conducting due diligence on potential properties, and negotiating deals with sellers.

Step 5: Manage and grow your portfolio

Finally, once you’ve purchased properties for your fund, you’ll need to manage them effectively to generate returns for your investors.

This might involve things like leasing out properties to tenants, managing maintenance and repairs, and working with property management companies to ensure your properties are well-maintained and profitable.

So, those are the key steps involved in creating a private equity fund to purchase commercial real estate.

Of course, there are many nuances and details involved in each of these steps, and I encourage you to do your own research and seek out expert advice as you embark on this journey.

Before I wrap up, here are a few tips for success in the commercial real estate investing industry:

✅ Be patient and persistent. Real estate investing is a long-term game, and it can take time to see results.

✅ Stay informed about market trends and changes. The commercial real estate market is always evolving, and it’s important to stay up-to-date on the latest trends and shifts in the industry.

✅ Be prepared to adapt your investment strategy as needed. Just because your investment strategy works today doesn’t mean it will work tomorrow, so be prepared to adjust your approach as market conditions change.

👏 Thank you for joining me today, and I wish you all the best in your future commercial real estate investing endeavors.

🤖 Source: ChatGPT Mar 23 Version. Free Research Preview. ChatGPT may produce inaccurate information about people, places, or facts

⛔️ Disclaimer: This information is for educational purposes only. You should consult with an attorney, accountant, and/or financial advisor licensed in your jurisdiction prior to making any investment decisions.

🔎 For more information like this, follow me at 🖥️ http://www.ColemanTanner.com

🤝 Thank you for your time and attention.

Business Coaching

How to Set Up a Customer Service System in Your New Business

Posted on April 29, 2023April 29, 2023 by John W. Tanner, J.D.|M.S.

(Excerpt from Up! Course 3, Module 3 – The Architect)

Starting a new business can be an exciting and challenging journey, and one of the most important aspects to consider is how you will set up your customer service. Providing excellent customer service is essential to building a loyal customer base, and it can make or break a new business. Here are some tips on how to set up customer service for your new business.

Tip 1: Determine Your Customer Service Goals

Before you begin setting up your customer service team, you need to determine your goals. What do you want to achieve with your customer service? What kind of experience do you want your customers to have? Your goals should align with your overall business goals and values.

Tip 2: Choose Your Customer Service Channels

There are various ways to provide customer service, such as email, phone, live chat, social media, and in-person. You should choose the channels that are most suitable for your business and your customers. For instance, if you have an online business, live chat and email might be the best channels.
Tip 3: Hire the Right People

Customer service representatives are the face of your business, and they should be friendly, knowledgeable, and able to solve problems quickly. When hiring customer service representatives, look for people who have experience in customer service, excellent communication skills, and a positive attitude.

Tip 4: Train Your Customer Service Representatives

Once you have hired your customer service representatives, it’s essential to provide them with the necessary training on your products or services, company policies, and how to handle diOnce you have hired your customer service representatives, it’s essential to provide them with the necessary training on your products or services, company policies, and how to handle difficult customers. The better trained your customer service representatives are, the more confident they will be in providing excellent service.

Tip 5: Develop a Customer Service Plan

A customer service plan outlines how your business will handle customer inquiries, complaints, and feedback. It should include the steps your representatives will take to resolve issues, how quickly they will respond to customers, and how you will measure customer satisfaction.

Tip 6: Monitor and Improve Your Customer Service

Finally, it’s essential to monitor your customer service performance and continually look for ways to improve. You can do this by collecting customer feedback, tracking response times, and analyzing customer service metrics. This information can help you identify areas where you need to improve and make necessary changes.

Bonus Tip: Start a Loyalty Rewards Program

Starting a loyalty rewards program can be a great way to incentivize repeat business and build customer loyalty in a new business. To begin, consider what rewards you would like to offer your customers, such as discounts, free products or services, or exclusive access to events or sales.

Next, choose a platform for managing the program, such as a loyalty app or a card-based system. Make sure to promote the program to customers through in-store signage, social media, and email campaigns. Once the program is up and running, monitor its effectiveness and make adjustments as needed to keep customers engaged and coming back for more. By investing in a loyalty rewards program, you can establish a strong foundation for long-term success in your business!

Conclusion

Setting up customer service for your new business requires careful planning, hiring the right people, and continuous improvement. By providing excellent customer service and loyalty rewards, you can build a loyal customer base that will support your business for years to come.

🤖 Source: ChatGPT Mar 23 Version. Free Research Preview. ChatGPT may produce inaccurate information about people, places, or facts

Business Coaching

Student Saturdays: How Do I Start a Real Estate Syndication?

Posted on April 22, 2023 by John W. Tanner, J.D.|M.S.

Introduction

Real estate syndication is a popular way for investors to pool their resources and invest in larger real estate deals. It is a great way for small investors to participate in real estate investments that would otherwise be out of their reach.

Starting a real estate syndication can be a daunting task, but with careful planning and execution, it can be a successful venture.

In this video, we will discuss the 7 steps to start a real estate syndication.

Step 1: Determine the Type of Syndication

The first step in starting a real estate syndication is to determine the type of syndication you want to form. There are two types of syndications: Regulation D (Reg D) and Regulation A (Reg A). Reg D syndications are limited to accredited investors, while Reg A syndications are open to all investors.

Step 2: Form an Entity

The next step is to form a legal entity for the syndication. This can be a Limited Liability Company (LLC) or a Limited Partnership (LP). The entity should be formed in the state where the property is located.

Step 3: Create a Private Placement Memorandum

A Private Placement Memorandum (PPM) is a legal document that outlines the details of the investment opportunity. It should include information about the property, the investment structure, the risks involved, and the terms of the investment. It is important to consult with an attorney to ensure the PPM complies with all securities laws.

Step 4: Raise Capital

Once the PPM is complete, the next step is to raise capital from investors. This can be done through networking, advertising, or working with a broker-dealer. It is important to comply with all securities laws when raising capital.

Step 5: Find a Property

After the capital has been raised, the next step is to find a suitable property. This can be done through a real estate broker or by networking with other real estate investors. It is important to conduct due diligence on the property to ensure it is a good investment.

Step 6: Close the Deal

Once a suitable property has been found, the next step is to close the deal. This involves negotiating the purchase price, signing a purchase agreement, and completing due diligence on the property. It is important to work with a real estate attorney to ensure the closing process is done correctly.

Step 7: Manage the Property

After the property has been purchased, the next step is to manage the property. This involves hiring a property manager, collecting rent, and maintaining the property. It is important to have a clear plan for managing the property to ensure it is a successful investment.

Conclusion

In conclusion, starting a real estate syndication can be a lucrative way to invest in real estate. It is important to follow these 7 steps to ensure the syndication is done legally and effectively. With careful planning and execution, a real estate syndication can be a successful venture for both investors and sponsors.

Source: ChatGPT Mar 23 Version. Free Research Preview. ChatGPT may produce inaccurate information about people, places, or facts

Presented by

John W. Tanner, J.D.|M.S.

Lic. Real Estate Broker-Owner

Coleman Tanner Realty

Office: (904) 698-2014

Email: John@colemantanner.com