Midyear Portfolio Review: Content Package | Ep 146

Podcast: Furlo Capital Real Estate Podcast · James Furlo

Opublikowano: 2026-10-07

Your sponsor says the deal is on budget. Good news, right? Not necessarily. A budget is usually built off last year's numbers, so a deal can match it exactly and still be badly off from the plan that justified buying it. The only honest benchmark is the day-one underwriting. Everything else is a moving target. James and Jessi talk through why "on budget" is a weaker statement than it sounds, and what to compare against instead. The core idea is to separate forecast error from execution error. Did rents simply not do what you expected...