A while back I wrote that cold calling sucks. It does. But I also said that when I pick up the phone, I’m not selling a listing so much as offering an olive branch. Some owners take it. Most write me off as a solicitor and tell me they don’t need any help. Fair enough. That’s human nature.
Here’s the thing I keep chewing on, though: the owners who wave me off are usually the ones who could benefit most from picking up the phone. Not because their building is on fire today, but because it might be tomorrow, and the day to plan for a fire is not the day it starts.
Emergencies are expensive
When you call an advisor in a panic, you’ve already lost leverage. Maybe a loan is coming due and you didn’t line up options early. Maybe a big tenant gave notice and now you’ve got vacancy staring back at you in Concord or Hayward. Maybe a partner wants out and there’s no plan for how to value the deal or fund the buyout.
In every one of those situations, you’re negotiating from a weakened position. You’re reactive. And reactive owners take whatever the market hands them, because they’re out of time to do anything else.
I was a Boy Scout. The motto was “Be Prepared,” and it still serves me well. Preparation is just refusing to be surprised. It’s boring right up until the moment it saves you.
What a relationship buys you before you need it
When we’ve talked before there’s a problem, a few things are true that aren’t true in a panic:
- I actually know your situation. Your goals, your timeline, your basis, how the property fits the rest of your life. That context takes time to build. You can’t download it in a crisis call.
- You have options. Time is the one asset you can’t manufacture. An owner who starts thinking about a refinance, a sale, or a repositioning a year out has choices. The one who starts thirty days out has a fire sale.
- The advice is honest. If there’s no transaction on the table, I’ve got no reason to steer you anywhere except toward what’s smart. Sometimes the smart move is to do nothing. I can only tell you that when I’m not staring at a commission clock.
The East Bay isn’t standing still
Rates have stayed elevated. Office and retail don’t behave like industrial. Ownership costs, insurance, and expectations have all moved. I’m not going to pretend I know exactly where Walnut Creek or Fremont or Oakland lands next quarter — nobody does. But I do know that owners who understand their position ahead of time weather change better than owners who find out where they stand only when they’re forced to act.
Change is the only constant. You’ve heard me say it. The question isn’t whether your situation shifts, it’s whether you’ve thought about it before it does.
So take the branch early
I’m not asking you to list anything. I’m not asking you to do a deal today. I’m suggesting that a conversation now — when there’s nothing on fire — is worth more than the same conversation later, when there is.
Think of it like a doctor you actually have a relationship with versus a stranger in the ER. Both can help. Only one of them knows you.
So here’s my question: if something changed with your property in Alameda or Contra Costa County next quarter, do you already have someone in your corner who knows your situation cold? Or would you be starting from scratch, on the worst possible day to start? If it’s the latter, let’s talk while it’s easy.