Cold reach out to brokers/acquisitions/development shops during this time
Thoughts on cold reach outs during this time? Any thoughts on if it's a good idea to reach out to different brokers/acquisitions guys/developers during this time to see what they're seeing and share what you're seeing in your market? I've been a broker for a little over a year.
What are your thoughts if you're in one of these roles and received an email from a broker you don't know, are you perceiving it as offensive that an new/unknown broker is asking for your insight and may not have much to provide in return? It's my understanding many of these guys might be busy during this time dealing with the fallout.
As an acquisitions person who is sitting on their hands right now, I talk to brokers for 2-3 hours a day now just kicking shit around. A lot of them are tracking collections stats and are talking to tons of other owners every day and have good intel to share. I talk to most of those folks every week regardless and we're a well-known firm so people want to take our calls and share info generally, but you may get a more mixed response if they have no idea who you are.
Just don't be a douche and it'll be fine.
[hundreds of anonymous users on WSO writing that down]
"Could you further explain the last part? TIA"