Commercial Real Estate Pro Network

BIGGEST RISK with Katie Kim

Informações:

Synopsis

  J Darrin Gross: I'd like to ask you. Katie Kim, what is the biggest risk? Katie Kim: The biggest risk is it all not working out right and not going to plan, pretty much. So we when we step into a development, I want to answer in two parts.    I want to answer an insurance side of risk, because I think insurance is a great way to do risk, and it's definitely part of our risk mitigation plan. But when we and when we step into putting together the development structure, it's more than what are you offering your investors, right? It's who's on the team in the development and what are they seeing as a risk and putting all those feedbacks and comments into that risk mitigation plan for the development itself, and communicating that to our investors and our bank and all of our team, and then also contingency, contingency, contingency on the financial side, for sure, but how do you make sure you have plan? A, B, C, D, you know, really, EF all the way to Z for each item in the plan, in the process.    So, you know,