Just laid off, after finally being hired as an asset manager.
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[{"id": "fr5pme9", "text": "realistically wait for the market to come back and for things to open.", "replies": [], "depth": 1}, {"id": "fr5r71j", "text": "A lot of firms are looking for ways to market their properties virtually. If you have any photography or videography skills you could reach out to owners and offer those resources and it would give you a good way to stay in contact with different asset managers, leasing people, etc. at those firms.", "replies": [], "depth": 1}, {"id": "fr5tisz", "text": "I'm in the same boat. Was a first year analyst at a SFO that was heavy into hospitality and MF. Good luck man", "replies": [], "depth": 1}, {"id": "fr5wu1a", "text": "I would use this time to familiarize yourself with contracts. That is essentially all commercial real estate is - valuing and structuring contracts. Plug whatever holes you need to in terms of property specific leases (office, industrial, retail).\n\nAlso, learn debt. Between leasing and debt, you will have your hands full as an asset manager.", "replies": [{"id": "fr5xend", "text": "How do you recommend learning about debt? Any books or courses particularly?", "replies": [{"id": "fr6vusn", "text": "Take a look at top MBA / MRED programs - they usually provide a reading list for coursework on the basic classes. You can start there for self study. If you have the $, I would also join ULI / NAIOP and participate in events.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fr5xzkc", "text": "If you are a NAIOP member all of their real estate and finance classes are free right now. If you\u2019re not a NAIOP member, join!", "replies": [{"id": "fr5zgyh", "text": "I am a member! Thank you I\u2019ll check them out", "replies": [], "depth": 2}, {"id": "fr6up2h", "text": "Is becoming naiop member free? I tried the other day but got confused and gave up", "replies": [{"id": "frb9xab", "text": "Not sure if becoming a member is free or if you are already a member and lose your job, it is free.  I am on the national board, so let me check and will let you know.  Are you under 35?", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fr5zw72", "text": "Would recommend getting familiar with Power BI and other forms of data visualization. It\u2019s been super helpful to have a member on our AM team who does a lot of this, especially for asset classes that are more operationally intensive.\n\nAlso surprised they laid you off as an AM... I feel like times of crisis are when you need AM the most since you have to deal with requests from capital partners 24/7. My firm actually switched some people from acquisitions to AM temporarily b/c that team was getting crushed with work while no deals were happening for the acq guys.", "replies": [{"id": "fr75p8q", "text": "&gt;rtners 24/7. My firm actually switched some people from acquisitions to AM temporarily b/c that team was getting crushed with work while no deals were happening for the acq guys.\n\nregarding 2nd paragraph, exactly same situation here", "replies": [], "depth": 2}, {"id": "fr76y7r", "text": "Been wanting to dabble in power BI. What data sets do they utilize this for? Just everything or is there any information you could provide? Wanting to do this for my current firm but honestly don\u2019t know where I could use it. Thanks", "replies": [{"id": "fr7ge89", "text": "We own a lot of operationally intensive assets, so we use a bunch like  employees, various non labor costs,  leads/deposits, etc.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fr5zy9q", "text": "Do you have your RE license? That might be a worthwhile thing to pursue right now. Your MBA classes might already count towards the education requirement so you might just have to pass the state exam.", "replies": [], "depth": 1}, {"id": "fr60k6s", "text": "Maybe read some books?", "replies": [], "depth": 1}, {"id": "fr62nt9", "text": "1. I like the classes at [Top Shelf Academy](http://tsmfinancialacademy.com).  They have discounts right now due to COVID 19.  I\u2019ve taken the multifamily development class as well as their waterfall class.  If you have an Asset Management background, I\u2019d say go for the waterfall or corporate modeling classes.  If you want to get into acquisitions/development, you can\u2019t go wrong with multifamily or industrial IMO.\n\n2. Get better at Excel.  Practice, practice, practice.  Build out Asset Management dashboards so you can ace any private equity case study they throw at you.  You will also have some examples of asset management reports that you have built.  A ton of companies will find this valuable.  They need to be able to export out of their accounting systems and analyze efficiently (Ie, copy/paste and your Excel formulas will do the rest).\n\n3. Network.  Reach out to people and follow the string of connections to land your next job.  \n\n4. Brush up your knowledge on distressed investments...buyouts, recaps, tiers of debt, etc.", "replies": [], "depth": 1}, {"id": "fr63806", "text": "Kairoi just posted on linkedin that they are looking for an asset manager.", "replies": [{"id": "fr6q207", "text": "They are a great firm with lots of projects going on right now.", "replies": [], "depth": 2}], "depth": 1}, {"id": "fr6fcxp", "text": "I\u2019m a graduating senior with two real estate internships behind me and a recently acquired Argus certification.  Also feeling a little discouraged about landing a full time offer in this climate.  Any recruiting tips? We\u2019re all in this together!", "replies": [], "depth": 1}, {"id": "fr6hope", "text": "Check out selectleaders.com", "replies": [], "depth": 1}, {"id": "fr6qem4", "text": "CCIM if you can afford it.. practical courses from [BreakintoCRE.com](https://BreakintoCRE.com) \n\nRE license?", "replies": [], "depth": 1}, {"id": "fr70geg", "text": "Are you licensed as a real estate salesperson?  If so get a license can not hurt. I deal in business opportunities, residential.... In SFBA all commercial realtors can do is leasing. CCIM is essential for commercial. Many don't. I figure my mba from best top school can substitute credentials. Most realtors who are not benefited are getting aid from Feds.", "replies": [], "depth": 1}, {"id": "fr77kkl", "text": "Location?", "replies": [], "depth": 1}, {"id": "fr82tn7", "text": "&gt;I\u2019m going to try and take this time to get a certification or take an online class and study\n\nYou better rephrase it this way: I'm going to try and take this time to create a side income and another stream of income...\n\nIt requires just a mindset shift, a mindset shift you'll be thankful for 7 years from today...", "replies": [{"id": "fr8fmvb", "text": "Okay?", "replies": [], "depth": 2}], "depth": 1}, {"id": "fr8lqpi", "text": "You just got the certificate you needed the most, and that was some real estate experience. You just picked up an MBA and have an architect background. I think you are done with formal real estate training. Spend this time trying to get on zoom calls with real estate professionals around your city. \n\nReach out to everyone and get your name out there. \n\nNetwork network network. Spend your research time listening to panel discussions, quarterly calls from REITs, and read any free real estate news you can get your hands on (GlobeSt, Green Street, CBRE &amp; JLL all offer free resources).", "replies": [{"id": "fr94n8s", "text": "This is a great response!", "replies": [{"id": "fr97y7c", "text": "Good luck my friend!", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "frbyxr9", "text": "Awesome and yes thanks!", "replies": [], "depth": 1}, {"id": "fskc1mp", "text": "Network your ass off", "replies": [], "depth": 1}]