Providing Value and Changing Lives Through Real Estate with Dan Lewkowicz Pt. 2

Jan 24, 2022

This is part 2 of my conversation with Dan Lewkowics. Dan Lewkowicz is a seasoned real estate veteran with over 15 years of experience in many facets of the real estate industry. Starting his career “house hacking” he quickly moved on to flip houses in and around metro Detroit and eventually created a company called Renaissance Real Estate Ventures which specializes in the acquisition, financing, renovation, and resale of single-family residential properties in the booming city of Detroit, Michigan. 

 

Before forming The Lewkowicz Group of Encore Real Estate Investment Services, Dan was a Senior Advisor at Fortis Net Lease specializing in commercial real estate investment sales. Dan is also a former business development executive for Amazon in Detroit Michigan. Currently, Dan is Senior Director of The Lewkowicz Group of Encore Real Estate Investment Services and specializes in shopping centers, medical office buildings, industrial fulfillment centers, quick service restaurants and automotive repair and parts stores. An expert on Multi-Family and the current economic undercurrents facing this asset class in today’s #postcovid world, Dan often expresses the incredible opportunities for investors of all sizes. 

In this episode, Dan and I continue the conversation on working with franchises, understanding taxes and the DST, and the effects of COVID to non-essential businesses. All this and more in this episode, so make sure to listen in! 

 

[ 00:01 -10:36 ] Continuing The Conversation with Dan 

• Working with franchisees
• Not having to visit his sites all the time 
• How COVID has affected his business
• Essential vs. inessential retail 
• Importance of voicing out and reaching out to the government 

[10:37 - 15:29] Understanding the Delaware Statutory Trust 

• Offsetting tax reliability 
• Pros and cons of a DST
• Similar to a pool of properties 

[15:30 - 24:35] Effects of COVID to Non-Essential Businesses 

• How non-essential businesses were affected during COVID
• Being mindful of the clauses included in the contract 
• How the landscape has changed 
• Incorporating the changes into the lease 
• How changes have been set in motion and will eventually continue 

Tweetable Quotes:

 

“In many cases, you know, people are getting creative, and they're doing, pop ups, or they're, utilizing some of their common space for some type of a ghost kitchen, or things like that. But yes, it's all about pivoting and creativity in today's world.” - Dan Lewkowicz 

 

 

 

Connect with Dan on LinkedIn! 

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306.

Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/.

To learn more about me, visit my LinkedIn profile, and connect with me.