Matthew Thomson | Miami Developer @maffewthomson
🇨🇦 snowbird in Miami | I build apartments | $655M (1,321 units) completed | Here to share a developer's journey Miami, FL Joined July 2014-
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What important truth do very few people agree with you on? Online subscription income is more stable than a W-2
Working on a naming convention for a 1 bedroom unit that lacks a window in the bedroom. They are sizeable, ranging from 634 - 748 SF. They feel somewhere between a Studio and a traditional 1 bedroom. I like Urban 1 Bed. @bobbyfijan what are your thoughts?
Buy underperforming apartment buildings tenants don’t want to occupy. Make them into nice apartments great tenants want to occupy. Stabilize above market cap rate and sell at market cap rate. Rinse, repeat, and prosper.
Miami needs more waterfront restaurants and activation. I really wish the City gave more thought to Edgewater. Could've made a boardwalk connecting the entire neighborhood, activated with hospitality. Instead, it's a piecemeal of construction zones and dead-ends...
The Real Estate X Gala is the only real estate networking event people want to take photos at
Just got a quote for a 7-story wrap deal in Fort Lauderdale $575K/unit hard costs... WTF
Miami is the only market in the country where condo is still viable
Taller ceilings and big windows matter in apartment communities. Cut the crap with 8'6 floor to ceiling. Design to achieve 10'. 8' doors whenever possible
Some of the greatest satisfaction a developer experiences is actually seeing people use and enjoy the building
Make door handles great again
Any real estate people I should meet in Vegas?
Anybody have a great condo model they’d like to share?
Thoroughly enjoyed coffee today with @Ins_Brkr. We’ve chatted a few times and I’ve always noted his curiosity and broad interest in business. He’s someone going very far carving his own path! Thanks again and looking forward to the next one. Give him a follow!
Thoroughly enjoyed coffee today with @Ins_Brkr. We’ve chatted a few times and I’ve always noted his curiosity and broad interest in business. He’s someone going very far carving his own path! Thanks again and looking forward to the next one. Give him a follow!
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My new building in Miami told me they don’t recycle plastic- only cardboard Is recycling not mandated in Miami-Dade? This physically hurts me
“The Greater Toronto and Hamilton Area is expected to see 6,821 new purpose-built rental homes completed this year. This is a multi-decade high.” buff.ly/3UknWQ0
Attempting to buy some pants online… Tipping culture has me confused lately. Thoughts??
Social media’s like a million dollars just sitting there on the ground. People don’t think it can be real. They think it can’t really be a million dollars for the taking. So they ignore it, and keep walking. But once in a while somebody gets it. They take it seriously. And…
Is it just me, or does everything feel like a grind right now?
@maffewthomson @bobbyfijan "City 1-bed" Compact 1-bed. Efficiency+. 1-bed efficiency. Entertainer's 1-bed...
@maffewthomson @bobbyfijan "Studio plus" or "Studio+" is OK. "Studio Bedroom" "Sleeper Studio"
My latest Op Ed on the Miami real estate market
What’s in a name? The potential risks of Miami luxury branded condominiums | Opinion miamiherald.com/opinion/articl…
@maffewthomson However, I do think that the important thing is that it is data catalogued in search/data as a "1BR" not as a "Studio" Both for owner and renter's sake
@maffewthomson I think that for the purpose of marketing "Urban" is the correct adjective "Shared Light" is the appropriate descriptive one But I think could be interesting to do a poll on this ... it needs to be useful
@CohenSite @maffewthomson 750 is too large for the word "Junior"
@maffewthomson @bobbyfijan The common term for this is a junior 1 bedroom
@TheDukeofDirt My favorite business model. Copy and paste over and over. Relatively boring, but profitable.
Pays to be hot For anyone who missed it. Tried to get this guy for over a year to buy his car wash Sent this video to him. 2 hours later he calls me 48 hours we meet The next weeks it's under contract Close in 30 days
This is my new favorite method for cold outreach I'm replacing my yellow notebook paper for this I did a video 👇 to get in touch with the owner of a property. The last two years I've sent him letters, calls and texts that all went without response I never would have done this…
Brickell in Miami after 35 years
@sanidelfonsoXX @maffewthomson @MayorDaniella The Biscyane Neighborhood Association, BNA, hosted a meeting last month with Spencer Crowley FIND Commissioner, @Damianpardo8 and me to showcase how we can get it completed. It will be a collective effort that we are currently working on. More updates soon.
@maffewthomson @Kfantes Our proposal for updating Biscayne Boulevard: futurevisionstudios.us/reimagine-bisc…
@viz106 @maffewthomson x.com/adamold/status… x.com/AaronDeMayo/st…
@adamold @mariah__nel That is certainly a critical segment. Should the ground be lowered slightly to increase the clearance or add a dock? Somehow, Genting demolished the Herald Building, poured 5+ acres of concrete for events, and did not trigger Sec. 38-253. It is time to apply Sec. 38-255.
@JTMartingCRE Then have a separate tab that shows the sums for Annual pulling from Monthly
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