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Commercial Connections: Investing with Confidence
René Nelson - CCIM
24 episodes
1 week ago
Welcome to my channel, where I share quick, actionable insights on commercial real estate, market trends, and investment strategies. Whether you're an investor, broker, or property owner, you'll find valuable tips to maximize property value and stay ahead in the market. — René Nelson, CCIM
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All content for Commercial Connections: Investing with Confidence is the property of René Nelson - CCIM and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Welcome to my channel, where I share quick, actionable insights on commercial real estate, market trends, and investment strategies. Whether you're an investor, broker, or property owner, you'll find valuable tips to maximize property value and stay ahead in the market. — René Nelson, CCIM
Show more...
Investing
Business
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How to Spot Expensive Repairs Before You Buy
Commercial Connections: Investing with Confidence
45 minutes 20 seconds
1 month ago
How to Spot Expensive Repairs Before You Buy

đź’Ś STAY AHEAD YOUR WAY

Want smarter insights, market trends, and strategies delivered straight to your inbox? Join the Commercial Connections Newsletter — a quick, actionable read for brokers, investors, and CRE professionals. 👉 Subscribe now

đź“… BOOK A CALL

If you’re a family-owned apartment owner in Oregon, you don’t have to navigate your next move alone. From 1031 exchanges to retirement planning, I help owners protect equity and plan for the future. Schedule a strategy call

🎙️EPISODE SUMMARY

Welcome to Commercial Connections, where I help property owners and investors make smarter commercial real estate decisions with confidence.

I’m René Nelson, CCIM, a broker and advisor dedicated to helping Oregon apartment and retail property owners build wealth, avoid costly mistakes, and create long-term stability.

In this episode, I sit down with Doug Palmer, veteran commercial inspector, former electrical contractor, and founder of Palmer Property Inspections. With over 20 years of experience inspecting apartments, office buildings, and mixed-use properties across Oregon, Doug brings a practical, no-nonsense look at how small oversights can become major liabilities.

Together, we cover: ⦿ How a “routine” inspection uncovered raw sewage beneath a property and saved a deal from collapse ⦿ Why proactive presale inspections protect sellers from costly surprises ⦿ The $48K electrical repair that didn’t add a dime to NOI, and how to avoid the same mistake ⦿ What insurance companies are flagging in today’s tighter underwriting environment ⦿ How recalled heating systems, outdated panels, and old plumbing create unseen fire and safety risks

If you’re looking for clear, actionable insight to strengthen your investment strategy, this is where it all begins.

📝 EPISODE THEMES

00:00 – Intro & premise, what commercial inspections reveal before a sale

01:22 – Doug’s background, from electrical contractor to full-time inspector

03:10 – First impressions at the curb, age, maintenance, and property condition clues

05:02 – Raw sewage discovery, when galvanized pipes fail and no one knows

06:48 – Methodical inspections, Doug’s process for multifamily buildings

08:40 – Mold vs. mildew, what’s really behind “black spots” and tenant complaints

11:15 – Venting myths, why 1960s and 70s exhaust fans often lead to attic damage

14:57 – The Portland case, leaks, moisture, and a deal nearly lost to crawlspace issues

18:54 – System updates, electrical panels, heaters, and what insurance requires

20:42 – Recalled cadet heaters, unseen fire hazards still in active use

23:04 – Tenant safety, how small oversights create major liability

24:18 – Insurance inspections, what carriers now require and how to prepare

26:35 – The $48K Springfield case, costly electrical upgrades and shrinking coverage

28:12 – Wiring and fire risk, why old panels and shorted circuits are a deadly mix

30:26 – Smoke detectors, maintenance responsibility, and property owner liability

34:08 – Water leaks and neglect, how small issues signal bigger system failures

36:44 – Brand-new property surprises, faulty shower valves and moisture tracking

38:20 – The sulfur water problem, lessons from a 45-unit complex in Keizer

40:03 – What buyers should check during due diligence, from tanks to asbestos

43:02 – The $48K contamination story, real costs of ignoring buried risks

44:58 – Lessons in persistence, ownership, and long-term property stewardship

45:35 – Closing thoughts, proactive maintenance as wealth protection

đź”— CONNECT WITH DOUG PALMER

đź”— CONNECT WITH ME

Commercial Connections: Investing with Confidence
Welcome to my channel, where I share quick, actionable insights on commercial real estate, market trends, and investment strategies. Whether you're an investor, broker, or property owner, you'll find valuable tips to maximize property value and stay ahead in the market. — René Nelson, CCIM