Jokes aside, I'm so glad he uploaded these. I've learned to always laser measure real estate now. What a world we live in. Give anyone a nanometer, they'll cheat you a light year.
There is some truth to that, the lessee (Louis) will be charged for space that is not usable, like columns, walls, stairs, elevator shafts, etc. This is standard operating procedure for commercial leases, some inflation is to be expected. If the listed square footage is inflated, the price per square feet will be lowered, or the listed square footage will be the actual usable square footage at a higher price per square feet. One way or the other, the lessee(s) will pay for the unusable space in the building, directly or indirectly. At the end of the day, the lessee has to do their own due diligence and budget accordingly.
As a Broker, I’m stunned that this clown is stating on film that it is customary to misrepresent square footage!! Square footage, right behind property condition is one of the main points that are the basis for lawsuits. If she were MY agent, she’d be booted faster than she could blink!
@@juliorojas4384 it's true.. it would be very hard to prove she deliberately misrepresented the size. You would have to record her saying, "yes I knew it was smaller". Not only is it not grounds for a lawsuit, but you would also not be able to break a lease if you found out it was smaller after signing a contract.
@@auditorofauditors862 George stated he's a broker and this isn't customary. Also, if you state an incorrect square footage in a lease (a contract), you can bet there's a basis for a lawsuit.
NEW YORK CITY: FOR SALE "2020 Mercedes Benz - only 10K miles. Still has original warranty. " Price $50,000 Reality: You show up and it's a 1974 Pinto with a busted transmission. Price is still $50,000. "You're not going to find anything better".
"I measured and its 1700, not 2500." An acceptable response: "We can talk to the land lord and see if they will come down to market at 1700, or show their measurements for 2500." An unacceptable response: "YoU nEeD tO aCcEpT rEaLiTy!"
@@itisme947 yeah well that sicko society must be dying off cause if louis is leaving and every other business is closing down going out of business then it must die at some point cause there will be no one left living there it's becoming more and more of a ghost city due to it's filth and corruption from what he is telling us in his videos also every other society is in America is better why evolution and progress so due to the rules of survival of the fittest New York must fall due to it's old age and sick beliefs at some point
@@Vistrus There is a term called usable sqft. But in commercial unlike residential. As long as the landlord allows it you can take down and redo the walls to be a thin or thick as you want. This is why you need to go by building department records for the building but even those could be off in NY in my experience. Due diligence is also required by the buyer such as what he is doing right now.
@@MBisFrenchy Maybe in New York - but in Kansas City, if you advertise a space is 2500 sq. ft. - then you better be able to measure all of the spaces together, from interior surface to surface - and come up with that number. If you round up from 2495 or something and you are clear about it, no biggie. But if you are off by even 100+'? Then people can file complaints with the city, and if you are a repeat offender, you can get your building permits pulled and your real estate license pulled. You will be reduced to 'for sale by owner' and the banks won't even deal with you up there because the city cranks the rates up. It's the one way they have slowly started getting all of the housing cleaned up in the city. It's done really well over the last decade. All the shady big-money people that used to just buy up whole blocks, then charge rent and let it fall apart are mostly gone. No more mr. nice guy.
@@MBisFrenchy Even in residential real estate (I'm a residential landlord), we typically market the overall square footage of the house based on a tight measurement of the outside of the building. So, you definitely 'lose' the thickness of the walls (say, 10%?). However, I would argue you're still GETTING the walls... they keep you warm/cold and protect you from the outside world. Nobody but you gets any benefit from those walls. So, I would accept a slight reduction for retail space for the same reasons as well, but less so. Why? Because these units share at LEAST 2 walls with the neighbors, possibly 3. So, let me pay for half the shared walls and full price for unshared walls, and let the neighbors do the same. Regarding office space, I can definitely see the argument for 'shared' lobbies, elevator shafts, stairwells, etc, so I would probably accept more of a loss factor in that situation.
@@raven4k998 sometimes I wonder "who are these brokers working for?" Why not level with him and be like "yeah it's BS, we can ask for lower, but I think you'll find if you keep at this, you'll keep hitting this kind of wall".
@@DHarri9977 She is suppose to represent the buyer in this. If the buyer feels like he's being ripped off then she needs to she needs to look into other ventures. She is only worried about making a sale and has no problem letting her client get into a situation he's not happy with. That's not what I'd call doing your job.
@@John-771 I didn't realize she was a "Buyer's Agent" her natural instinct would still be to point out the positive but would naturally need to ask questions concerning the buyer's needs and wants.
NY real estate market is so messed up. No one can afford those places but yet the “market rate” doesn’t adjust to what people are actually willing and able to afford.
Jamie Swain she was surprisingly cringe. Like when a writer has to write a character and directly imply how arse licking and cringey they are through dialogue.
She is friendly with them because she will be negotiating with them the terms and the price. It actually would be more suspicious if she was being like this with a client
I think that's not what pissed him, at least not the main thing. As he said, he knows how real estate in ny works. I think it's the over budget spaces she got him chasing around. It's like when you go to a car dealer, and say "I'm looking for something in $20k-$30k range". And the salesperson goes, "how about this aventador? Or this koenigsegg? Or maybe this mclaren P1? It' over your budget, but it's a good deal for a good machine". He/she is just wasting your time at that point, and it can be so frustrating. Btw, Louis should have just said, "I don't have that amount of money, period".
Creatip that’s sales in general they want to drive up what your willing to spend as most take the words I can afford as I have money to spare I don’t want to use. they make sales not deals
this is why I"m learning to do everything by myself, If my only option is to deal with a lying pos then I'd rather not deal with them or learn to do the job myself.
If the space is misrepresented, then they’re lying. This broker says that’s ok to lie, it’s the nature of the beast. With this broker you need to bring a shovel for all the BS she’s laying down.
Whenever they have a valley girl accent, you know they are full of shit. He should tell the brokers to go back and drop their clients for bullshit numbers.
When a salesperson can tell you're unsure, they will assault you with a long, well rehearsed, emotionally appealing spiel that won't mean much but is just meant to make you trust them. It often starts with "Look, you just want..." or something. Watch out for it, don't buy shit you don't need or is overpriced. Haha, and the little "But I like that you're smart and we can have a smart conversation about this, but... (BUYBUYBUY)". It's the same in all sales. It's just fucking bullshit.
Yup, ' I'm on your side ', that is why I am talking all over your concerns and real life data, as well as condescendingly letting you know that you know nothing of commercial dealings.
lol. He's arguing against the nature of sales. They're OK with being deceptive to get more money from dumb people or people who don't care about wasting money. If you're not one of those people it's not even a conversation worth having. Put in your "insulting" offer and move along. Unless they're desperate, that's usually what they want you to do anyways so they can find a new mark to spend the time on. Props to her for the effort though, sounds like she REALLY needed to close a deal. Not sure if he did take this property, I'm guessing no, lol.
@@randominternetguy3537 if you speak portuguese you can understand a little bit of spanish, but you won't be able to have a conversation or understand what people are saying if they speak normaly.
She is going into way too much detail about how her livelihood is at stake on this deal. That alone is unprofessional but she even betrays herself by pointing out that she makes a percentage while trying to convince him to pay more than he is comfortable. Glad you found someone else.
13:13 is a fantastic point from Louis. "I can't lose what I don't have." It's very important to not get locked into a scarcity mindset. That's how they manipulate you.
@@hereticsshallbecleansed7245 if you believe something is in a limited supply you will be willing to pay more for it. often used in marketing to make more money.
@@correctionguy7632 I don't think scarcity is the correct word for this. She's using a sales technique to close the sale. "This is his", and "you will lose this", implies that by not taking the deal that he will lose what he has. Louis is correct, "this ISN'T mine and by saying NO, I haven't lost anything. This is the push technique.
Scarcity is when, "you won't find a better deal". That's her saying this is what is available and you have to accept what is out there." Best response to this, is what's been said. If you are patient and willing to find the right deal you will do better with the abundance mindset. Louis is using this when he says, "this place is open because they've not been able to make a deal with people, ie, there's a reason it's available.
As a ex salesman. I can tell you that she is exhausted and was frantically rilunning her mouth to give you less room to think and respond. She is just pressuring you. She is gone and talking shit about you behind you back as soon as she gets a cut off of you.
As a salesperson, she's talking too much. She's trying to play a fear buy on a detail oriented customer. Also she's rolling some way dumb logic on him. Rookie moves.
Her continually saying, "right?" as if to subconsciously put what she's saying as truth in his mind, makes my blood boil. Reminds me of how this HR rep used to speak.
She voted Biden AND believes the election was fair too. Bet. Edit: Thank you to all you leftists and wannabe lefties for your completely empty and meaningless words of admonishing and insulting. Their complete lack of reasoning and deeply embedded blah TRULY encourage me to stay vigilant in spreading the truth in spite of the puppets. Thank you, sincerely. I think I will wave the flag I love. 🇺🇸🇺🇲🇺🇸🇺🇲🇺🇸🇺🇲🇺🇸🇺🇲🇺🇸🇺🇲
Because, if you can so easily accept rampant corruption, hypocrisy and blatant lies in one way, why not another? Thank you for asking such a telling question. 😉
This is fascinating for its rawness. I'm witnessing a slice of life from a New Yorker trying to run his business. There are characters, conflict, drama, but it's all real. I'm peering into another world.
It's not just NY. There are a lot of states where this happens in. Now if people wanted to just be fucking honest, and price according to SQFT, sure fine great. The problem is, a lot of places focus on well it's $1.25 per sqft. So for some people to be comparable, they fudge the sqft to fit the comps in the area.
@@livesimplyandhumbly Its unfortunate that you feel that way about the industry, Maybe its just the area that you're in but in my market people tend to be much less shady
Brokers always say "That is an insult" just ignore them. Brokers always say the same crap. It's not your problem or job to make a broker's job easier. She is insulting to you. I have heard this patter from brokers so many times and it is same nonsense. The broker is trying to manipulate you into making a deal. Any ding dong can get a realtor's license and most think it is easy path to a lot of money without hard work. Then she tells the guy to be "smart" implying he is an idiot.
@@Horseluvver yeah she's like no no no someone else will make a better offer and thus how come Louis can show these places still empty years months later when ever he goes back and checks on the place
Just because something is usual does not make it correct, and Louis has found places and brokers that are less shady than this lady. The attitude "that's just the way it is" results in nothing ever getting better.
She's anchor pricing you. If you don't know what that means, just look it up. Basically set your standards higher than you planned for so when you find a shot space ripping you off for a little over your asking price you give in. Please ditch her and anything she's a participant in.
It's not about price though, it's about a mispresented feature of the merchandise. Like, you sell a bucket as holding 10 gallons, but when measured it's actually 7 gallons.
they do this in car dealerships also i know because i worked for one for a year and they tried to get me to do shady tactics to make sales and i wouldnt do it
@@novachannel1981 hahaha people fall for this all the time at car dealerships. They think they are getting a steal. It's embarrassing I use to watch people walking out thinking they got over on the dealership. Meanwhile they just stole ur trade and you saved no money lol
Imagine her at a car dealership... "I want my money back, this SUV was advertised as a 5.7 V8, but there's only a 4.0 V6 under the hood!" Dealer: "Nononono, that's how it is, ma'am....this is the NY Commercial Real Estate edition"
Go watch #Steve #Lehto Lawyer South Lyon, Michigan and he would fight that Lemon Law car in court and they would have to buy it back and pay court fees. He would fight it on principle. You pay for a 5.7L V8 that's what you will get. There's the case where it was fought for the blind man. Hi I'm here buying a car for my assistant that will be driving me I'm very lenient of things but I want a V8 Van. Goes for maintenance ok so I fixed 6 spark plugs. 6???! THIS IS A V8. Mechanic,"Sir whomever sold this to you was lying! It's a V6 and 6 spark plugs." Took the dealer to court and won due to Lemon Law. Little off topic but back to the video. Karen is Definitely annoying. YOU don't lie to Louis Rossman.
@The Swedish American LOL, that just drives home the point that Louis is talking fairly loudly about being cheated/ripped off/scammed while walking through an obvious NYPD precinct parking area with cops all around, and not single one of them walks up to ask if he has been the victim of a crime. Or to demand he stop recording them, for that matter.
Karen - "This guy's name is Rob he's really nice." Two minutes later "Hi, are you Rob? Nice to meet you." The two faced lies and persona are masterful.
Yyeeaahhhhh.... unless they've spoken on the phone like 20 times without having met in person. It's strange that this wouldn't have occurred to you when you initially thought to post that comment. 🤔🤔🤔
Can we talk about how genius that fucking measuring device is though? What a great fucking idea to bring along lol. It may be standard practice and I don't know (I live in the rural south I know jackshit about renting commercial spaces in New York lol) but I thought it was such a good thing to have to bring along for these.
@@bandwagon240 & after she measured do the math so she knows how far out their claims of floor space are, was it the 25000sqf that wasn't even 20000sqf? but that's Normal, Maybe 18000 rounded up to 20000 but not 25000 then get John Wayne from the Quiet Man to Slap some sense into her, P.s. I don't approve of Physical or Mental violence
Just Google "Loss Factor Real Estate". Apparently typical New York sqft numbers for commercial real estate (didn't check if this also occurred in residential) is forged 27%+. They basically just make up sqft numbers to get sales. Apparently everyone knows this in NYC and everyone does it... So experienced tenants talk "Usable Sqft" when looking at a place. So, in light of these facts, 20% is actually completely reasonable given apparently the average of 27%+.
"It is not going to get better." "That is the market." "That's the way it is." ... Basically frustrate your customer into a deal. And she is picking a fight with a guy who contradicts Apple xD
that was.. a pile of condescending crap. louis was so cool, calm, and collective. i don't know how he does it, but i don't think i'd be able to handle all that crap, kudos to him.
@@danman9847 true. i also think this is why i find these videos so fascinating and addicting to watch. it's real life and unedited, you get to hear every single thing.
she's working for the building owners not louis, she's telling him not to offer a lot less because that cuts into her percent. he needs to cut her loose
Sounds like she's desperate because she sucks and can't land a deal, ironic that being desperate basically ensures you'll never land a deal with anyone who has any sense
This reminds me of my one brush with a broker in the US. She did exactly the same stuff, showing me places that she liked rather than listening to what I wanted.
It's not a scam! It's simple: the store is bigger on the inside! Louis better not drop his thermocouples otherwise he will be stuck in the store repairing macbooks for the rest of eternity.
As a former used car salesman, I take offense to this. Liars, maybe, most of us, but when confronted with absolute truth most won't just dogmatically repeat the lies
I like how she says she's not gonna work her ass off to help him for nothing as if she doesn't just walk around make phone calls and sign papers where as louis and his employees literally have to work their ass off to afford to eat food that that lady would probably consider is beneath her, at least in regards to the way she presents herself.
Not really. I've sold real estate. It's a shit ton of work. It gets frustrating when you put in 30 hours and show a guy 12 properties only for them to not buy anything.
@@brassman5 I understand what you’re saying but that sounds like a lot of time, not a lot of work. If you were on your feet with no time to stop over half the time like a standard job then I getcha but putting in hours is a big part of real estate. You work when you want and also don’t when you want, a standard job does not have that luxury nor pays as well. In the video the properties he is shown do not have the specific dimensions that were originally proposed to him, can’t blame him for not wanting to do business with someone who beats around the bushes with numbers considering numbers are very relative to the job.
@@mosese1172 We only get so many hours in our lives. Whether it's on your feet or behind a desk, it doesn't matter. Spending that time without getting paid is wasting your life. As far as this video is concerned, I don't disagree with him at all. There's no excuse use for advertising false information. Back in the day, I would have been fired for that.
@@brassman5 I respect that. I just didn’t appreciate her overselling of the product. I’m sure she has done good business in the past but she over sold an over valued product trying to revert the waste of time to our friendly repair man and entrepreneur. I did not appreciate that but I’m just an outsider looking in, purely speculative
Louis just ruined her kids Birthday! now she cant get a commission because as she said in 12th minute that it happens all time with these sexist men who make her run around for whole years.
Loosing something means you actually have had possession 1st. I can't wrap my head around loosing a sale, since you never had it. But then I do understand not getting the girl because she was just curious. But still I did not loose her because I NEVER FOUND HER.
I know this is a good joke, but Spanish and Portuguese overlap by 87%. This means I can communicate with Brazilians. I speak to them in Spanish and they speak to me in Portuguese and we still understand each other 87% of the time.
@@elchicovip01 That's not because of language overlap - a lot of words that are similar between the two languages have completely different meanings. The reason you get along with us so well is because we're forced to learn basic Spanish in school ;) so even though we can't speak Spanish we can "get" it.
Karen talks like an 11th grade English teacher talking down to her students when they call her out on misinterpreting a metaphor in The Catcher in the Rye.
What traumatic experience did you have with catcher in the rye... Unless you're a high schooler and that's the most relevant example you could think of.
@@kobibenlevi5523 I think it's just funny being this extremly specific, i'm not sure it's based on actual facts or traumas lol, just a quick and smart wit.
"they set their prices by the market. its by square foot." "but they are lying about the square footage" "I am not disagreeing with you, but they aren't lying they are setting price by the market" but they are still lying though
Where i live, there was a bakery family business that had to move out because the landlord wanted an unjustified rent raise asking too much for it. Its over a year and the shop is still empty. So basically the landlord because of his/her greed from a stable income reached to zero income.
"I make a percentage of whatever you close on" How does that make any broker on your side when you are buying? The more you pay, the more money your broker makes.
You haven't worked in sales have you? If you made a flat rate it would just encourage quantity over quality.. Ive been in sales for years and you can be moral.. My philosophy is do good business, people trust and recommend you and hopefully get return sales and recommendations. I don't obscure or lie, that just burns bridges and gives you a bad rap.
@@jf6647 I've actually worked in 100% commission sales. 90% of the sales people had making the most from each customer as their top priority. Which included lying about the "discount" the buyer was going to get making the deal that day.
@@ModeratelyAmused understandable. I get what you're saying. My point though is no matter what, if you have incentives for sales you're reliant on the person. The pay structure is not morally wrong to start with.. It just depends on the person. I've seen many scummy sales people, but. I've also seen many honest ones to.
They are. They always will be there when negotiating with you. ..... "Your side" is the side to be frauded & from which they try to enrich themselves. Not saying they will stay with you.... :P
My pet peeve is people saying "that's just the way it is" when you point out that something is wrong. People can lie and basically steal from you, but it's okay - that's how it works. Like, what?
Because he's in a "desperate" position because he "desperately needs" to upgrade for his business - so her perspective is that he's the under hand and she's with the upper hand.
This is what my dad thinks. He is so sure about how things work. When something happens that's outside of his reality bubble, instead of learning and changing his perspective, he shrugs it off as an outlier. Blows my mind that people can't think differently.
@@ToxicatedLum what she doesn't realizes is that Louis has at lest 3 more years of lease at his old space. So he has plenty of time to look around and fire that sea monster called karen
So enlightening! You're absolutely 💯 on this! The "realtor" also wastes the landlord's time by bringing a tenant who can't pay the asking price. At least the space got some YT time. But what part of your 15K limit was unclear? And re square feet, how does 17=25 in any sane universe that isn't *lying* ??? Thanks for showing this process, up close and personal, WITH post meeting commentary!
Its clearly so they can list something at a lower ~$100 per square foot price, despite the fact that in reality they want to squeeze ~$110 per square foot. Honestly I feel as though measured against the building plan, if this is not the correct amount, there should be some basic level of enforcement around advertising. If the number is different that number the landlord reported to the council/city/government, it's false advertising. As you can see, mass retardation in this manner results in "thats how its done" responses and the listed $X per square foot price will always equal $X+30% in reality, which is way, way different so to assume ~+10% is normal would appear to be extremely conservative. Hustle is real.
"man! look at that door! whoa! wow! thats so cool! thats cool! that door is so cool!" ladies and gentleman lets take a moment to appreciate this brilliant display of sales ingenuity. i am laughing my ass off what is she doing?
Don't you know? Every salesperson is automatically your new best friend. Especially if they're incompetent and trying hard to misrepresent what they're peddling.
Or she is on her own side - she gets the deal and she gets her commission. If you want to think good of her. She is no good, not smart and she is not going to close deals. "This is good deal for me. Dough!", as she said.
"you're a smart guy so..." and "I'm not trying to pull the wool over your eyes, I'm not that kind of person, I think you've kinda figured that out already..." Immediately walk the other way when someone tries this shit with you.
@@DKL997 People like that are so fucking transparent, it's creepy, they are often around people fragile enough or not paying enough attention that this kind of shit convinces them, and for the smarter ones but less mentally resilient, or with actual time constraints (unlike louis) it will wear them out until they crack. It's brainwashing, plain and simple, clear as day.
Had an agent try that (when I was selling in Monrovia CA) in 2004, I showed her the door. She called me twice to apologize (I let her go to voice mail), probably tried more than that but I blocked the moron. She told me I needed to ask about 40K less. I ended up selling it for 20K over asking, the offer was in within a week with the new agent, escrow was 30 days, done. Some people are so stupid they shoot themselves in the foot non-stop.
@Ethan delivers naw man she wanted to get Louis to spend over budget to get a higher commission. My family business is real estate agents in London and while most (especially the big ones) do this kind of shit our business is a small business that relies on repeat customers. Doing shit like this is how you send people running cos they don't trust you. Even if she showed Louis stuff over his budget she should have accepted that yes the 1st place is asked for more than it is worth but unfortunately offering 5k under their asking won't be accepted. At that point, she should say: "hopefully the next place will be better for you" or something and move on. If she's so certain that the 1st space would get rented by someone with more money she should wait for that person to come rather than basically admitting to Louis that she's a dishonest realtor cos he is very unlikely to take a property from her now. The second she contradicted what she had previously told him + tried to convince him that the price on the 1st property is normal and it's just how it is, she lost the customer.
When I was shopping for my house, my realtor pointed out flaws we missed and would flat out say "don't buy this house" on occasion. I learned to trust her and will use her again. This lady sounds like a pure salesman to the bone...
That's how most brokers sound really. They are super full of shit and are always acting like they are on your side, but we all know they are all in for the commission.
"I love how smart you are. . . but I just want you to be careful. . . you have to be smart" *Google translate* "You are such a pain in my ass. . . stop being a pain. . . or I will never get my commission"
I'm going to disagree with this as a technicality. If a lawyer tells you it is what it is while telling you you shouldnt sue someone but they'll take your money anyways, trust them because they're making money win or lose. Same if a mechanic says they could fix it, but it's better if you scrap it because it is what it is. They're recommending that you dont pay them an arm and a leg, but rather spend slightly more somewhere else. Those are just 2 examples.
"It's commercial real estate." "[Lying to your face] is not an insult." These Karens are deceitful and do not care about how much business investments or wealth they destroy. A lot of them are fuck-ups that switched to real estate because nursing was too hard as in it required actual work instead of just lying and taking money on false premises.
I love how she resorted to buttering you up after she realized that you know what you are talking about and she won't change your mind by telling you that it's "Commercial Real Estate"
"No no, you have to seem interested." No, you have to be willing to walk away. The seller has to win you over if he wants to make the sale. If you're willing to walk away you won't compromise yourself. Her incentives are fundamentally at odds with yours. She just wants you to get a space. If you ended up paying an extra $5k a month, she doesn't care.
if you hire them and sign an agreement, they have a fiduciary responsibility to you. Good real estate agents make their living in repeat business and building relationships so they always try to get you the best deal possible.
@@jessepinkman6164 Good luck proving fiduciary fruad in a court room. Brokers want you buy a place as soon as possible, they make money on sales, not by the hour.
Some really are, they don't let money be their primary driver. Sure, they need money just like everyone does, but they won't sacrifice they dignity to get it. Not everyone in this world is motivated only be money. A lot are, but not everyone, so don't use qualifiers like NEVER or ALL.
Exactly my thoughts. But Louise can't tell her that, because unlike her he's not enough of a con to tell her stuff she doesn't want to hear and pretend that they're still on good terms.
"If you offer too low, you gonna lose the space" - already lost 30% of the space by simply measuring it
Gold
It's free real-estate!
It’s quantum physics: Everything changes when you measure it. It really is 30000sqft but when measured you lose 33% and it’s 20000.
Perfectly put Dan! 🤯
Jokes aside, I'm so glad he uploaded these. I've learned to always laser measure real estate now. What a world we live in. Give anyone a nanometer, they'll cheat you a light year.
Remember, kids: it's not a lie. It's commercial real estate.
You mean all those people telling me the real estate is free aren't being genuine?
You Mean *Whispers* --> It's Free Real Estate
that sounds like the EA lootb... i mean surprise mechanics.
There is some truth to that, the lessee (Louis) will be charged for space that is not usable, like columns, walls, stairs, elevator shafts, etc. This is standard operating procedure for commercial leases, some inflation is to be expected. If the listed square footage is inflated, the price per square feet will be lowered, or the listed square footage will be the actual usable square footage at a higher price per square feet. One way or the other, the lessee(s) will pay for the unusable space in the building, directly or indirectly. At the end of the day, the lessee has to do their own due diligence and budget accordingly.
It's free real estate.
As a Broker, I’m stunned that this clown is stating on film that it is customary to misrepresent square footage!! Square footage, right behind property condition is one of the main points that are the basis for lawsuits. If she were MY agent, she’d be booted faster than she could blink!
If it’s customary, which it sounds, I’d bet you my last dollar that there is no basis for a lawsuit.
@@auditorofauditors862 thats a fallacy
@@juliorojas4384 it's true.. it would be very hard to prove she deliberately misrepresented the size. You would have to record her saying, "yes I knew it was smaller". Not only is it not grounds for a lawsuit, but you would also not be able to break a lease if you found out it was smaller after signing a contract.
@@auditorofauditors862 George stated he's a broker and this isn't customary. Also, if you state an incorrect square footage in a lease (a contract), you can bet there's a basis for a lawsuit.
I agree
NEW YORK CITY: FOR SALE "2020 Mercedes Benz - only 10K miles. Still has original warranty. " Price $50,000 Reality: You show up and it's a 1974 Pinto with a busted transmission. Price is still $50,000. "You're not going to find anything better".
Well, not now that I wasted my time looking at this, I won't. Thanks for nothing.
Great thanks so much! I know you have lots of people to do and things to see so here's your totally legal tender!
I'd rather have the Pinto than anything Mercedes that isn't a W123 E Class.
I'm not disagreeing with you there not lying lol
"I measured and its 1700, not 2500."
An acceptable response: "We can talk to the land lord and see if they will come down to market at 1700, or show their measurements for 2500."
An unacceptable response: "YoU nEeD tO aCcEpT rEaLiTy!"
oh common it's New York that's how sales people there talk
Welcome to NY
@@raven4k998 That only shows that New Yorkers think it is normal to cheat. What a sick and cheap society that must be.
@@itisme947 yeah well that sicko society must be dying off cause if louis is leaving and every other business is closing down going out of business then it must die at some point cause there will be no one left living there it's becoming more and more of a ghost city due to it's filth and corruption from what he is telling us in his videos also every other society is in America is better why evolution and progress so due to the rules of survival of the fittest New York must fall due to it's old age and sick beliefs at some point
Other repliers here are spot on. This is how NYC is.
So if its ok to advertise 30% more than reality, then surely you can pay 30% less than advertised.
Brilliant comment, you are going far in life.
Great point, Dave.
@@MidnightBloomDev Pretty sure he meant make that as an offer, otherwise you're right
@@MidnightBloomDev how can you tell how a persons future will go, just by a single sentence they wrote?
R/choosingbeggars
The insult is claiming it's 2,500 square feet and it's actually 1,700.
A certain percentage is lost to the walls in commercial but still this is ridiculously off.
@@MBisFrenchy That amount should be factored into the listing
@@Vistrus There is a term called usable sqft. But in commercial unlike residential. As long as the landlord allows it you can take down and redo the walls to be a thin or thick as you want. This is why you need to go by building department records for the building but even those could be off in NY in my experience. Due diligence is also required by the buyer such as what he is doing right now.
@@MBisFrenchy Maybe in New York - but in Kansas City, if you advertise a space is 2500 sq. ft. - then you better be able to measure all of the spaces together, from interior surface to surface - and come up with that number. If you round up from 2495 or something and you are clear about it, no biggie. But if you are off by even 100+'? Then people can file complaints with the city, and if you are a repeat offender, you can get your building permits pulled and your real estate license pulled. You will be reduced to 'for sale by owner' and the banks won't even deal with you up there because the city cranks the rates up. It's the one way they have slowly started getting all of the housing cleaned up in the city. It's done really well over the last decade. All the shady big-money people that used to just buy up whole blocks, then charge rent and let it fall apart are mostly gone. No more mr. nice guy.
@@MBisFrenchy Even in residential real estate (I'm a residential landlord), we typically market the overall square footage of the house based on a tight measurement of the outside of the building. So, you definitely 'lose' the thickness of the walls (say, 10%?). However, I would argue you're still GETTING the walls... they keep you warm/cold and protect you from the outside world. Nobody but you gets any benefit from those walls.
So, I would accept a slight reduction for retail space for the same reasons as well, but less so. Why? Because these units share at LEAST 2 walls with the neighbors, possibly 3. So, let me pay for half the shared walls and full price for unshared walls, and let the neighbors do the same.
Regarding office space, I can definitely see the argument for 'shared' lobbies, elevator shafts, stairwells, etc, so I would probably accept more of a loss factor in that situation.
You know her heart sank when she saw him pull out the measuring device
lying scum. it's illegal to lie about space. god realtors are scum scum SCUM
I like Louis. He swears and calls people out on their BS.
lol to get what you want is to be smart I love that
@@raven4k998 What are you referring to?
@@jacoblarsen4633 something that that broker chick was saying to get him to buy the space
@@raven4k998 sometimes I wonder "who are these brokers working for?" Why not level with him and be like "yeah it's BS, we can ask for lower, but I think you'll find if you keep at this, you'll keep hitting this kind of wall".
@benji No
Her being so fake and Louis being so real is a fascinating contrast throughout.
it's call alternative facts lol
She's simply doing her job in bringing the two parties together.
@@DHarri9977 She is suppose to represent the buyer in this. If the buyer feels like he's being ripped off then she needs to she needs to look into other ventures. She is only worried about making a sale and has no problem letting her client get into a situation he's not happy with. That's not what I'd call doing your job.
Yup
@@John-771 I didn't realize she was a "Buyer's Agent" her natural instinct would still be to point out the positive but would naturally need to ask questions concerning the buyer's needs and wants.
The fact she’s 10x more friendly and attentive with all the landlords than she is with you is very telling.
tells that she sleeps with them
NY real estate market is so messed up. No one can afford those places but yet the “market rate” doesn’t adjust to what people are actually willing and able to afford.
More friendly? Way over the top and cringe more like.
Jamie Swain she was surprisingly cringe. Like when a writer has to write a character and directly imply how arse licking and cringey they are through dialogue.
She is friendly with them because she will be negotiating with them the terms and the price. It actually would be more suspicious if she was being like this with a client
"I can't lose it because I do not have it" words to live by if you are looking for a fair deal
"You should expect a 20-30% deficit in commercial real estate." "Okay, then they should expect a 20-30% deficit in my offer."
@Her Eyes On Horizon Nothing to add to that sentence.
i mean that kind of is how it is in new york, it's bullshit, but thats how it is
I think that's not what pissed him, at least not the main thing. As he said, he knows how real estate in ny works.
I think it's the over budget spaces she got him chasing around. It's like when you go to a car dealer, and say "I'm looking for something in $20k-$30k range". And the salesperson goes, "how about this aventador? Or this koenigsegg? Or maybe this mclaren P1? It' over your budget, but it's a good deal for a good machine". He/she is just wasting your time at that point, and it can be so frustrating.
Btw, Louis should have just said, "I don't have that amount of money, period".
Creatip that’s sales in general they want to drive up what your willing to spend as most take the words I can afford as I have money to spare I don’t want to use. they make sales not deals
"Lying by 20% isn't too terrible"
jesus is this what we've come to
this is why I"m learning to do everything by myself, If my only option is to deal with a lying pos then I'd rather not deal with them or learn to do the job myself.
tell that when you get a speeding ticket
wonder what the cop's reaction will be
It’s called reverse psychology
Should have a listen for Robert Breedloves winemaker analogy about inflation.
Where is the margine where plus or minus equals 20%(if the math is right)
"The landlord is my friend."
Then you're fired. I can't trust a broker making a deal with a friend. Sorry.
JCGaming bro forreal.
Ian O'Malley that is what I thought I heard as well
That dripped out xd
Real estate agents represent the seller, not the buyer. She makes a bigger commission the higher the price.
Pretty sure she was talking about her own space
If the space is misrepresented, then they’re lying. This broker says that’s ok to lie, it’s the nature of the beast. With this broker you need to bring a shovel for all the BS she’s laying down.
no no no it's commercial
I totally agree with you, but let's pretend we care.
"I'm not trying to pull the wool over your eyes" says the woman who's income is dependent upon how much she fleeces you.
Whenever they have a valley girl accent, you know they are full of shit. He should tell the brokers to go back and drop their clients for bullshit numbers.
When a salesperson can tell you're unsure, they will assault you with a long, well rehearsed, emotionally appealing spiel that won't mean much but is just meant to make you trust them. It often starts with "Look, you just want..." or something. Watch out for it, don't buy shit you don't need or is overpriced.
Haha, and the little "But I like that you're smart and we can have a smart conversation about this, but... (BUYBUYBUY)". It's the same in all sales. It's just fucking bullshit.
Yup, ' I'm on your side ', that is why I am talking all over your concerns and real life data, as well as condescendingly letting you know that you know nothing of commercial dealings.
I bet she's making a whole heap of cash right now, LOL.
lol. He's arguing against the nature of sales. They're OK with being deceptive to get more money from dumb people or people who don't care about wasting money. If you're not one of those people it's not even a conversation worth having. Put in your "insulting" offer and move along. Unless they're desperate, that's usually what they want you to do anyways so they can find a new mark to spend the time on. Props to her for the effort though, sounds like she REALLY needed to close a deal. Not sure if he did take this property, I'm guessing no, lol.
This lady is a symbol of people that say "I get you", "I feel you", "I understand you" when they obviously don't.
its all an act to get you to sign on the dotted line.
@@andy.connor.e8853 fact or cap?
@@Kingbob556 truth
@@andy.connor.e8853 danggg
"I hear you"
"I went to Brazil last year and my Spanish is really bad so they didn't understand me."
Probably doesn't help that they speak Portuguese.
Loool
LOL, right!? I was like...
😂😂
@@randominternetguy3537 nope
@@randominternetguy3537 if you speak portuguese you can understand a little bit of spanish, but you won't be able to have a conversation or understand what people are saying if they speak normaly.
She is going into way too much detail about how her livelihood is at stake on this deal. That alone is unprofessional but she even betrays herself by pointing out that she makes a percentage while trying to convince him to pay more than he is comfortable. Glad you found someone else.
This is why I'm a drug dealer, it's a far more honest profession.
Hahahaha
"Chemical Dispensary Business"
Funny but not funny. It's for real.
@Johnfuse well, I was kidding, but...
Bud dealers the most honest unless they trappin
13:13 is a fantastic point from Louis. "I can't lose what I don't have." It's very important to not get locked into a scarcity mindset. That's how they manipulate you.
100% agree
I don't get it.
@@hereticsshallbecleansed7245 if you believe something is in a limited supply you will be willing to pay more for it. often used in marketing to make more money.
@@correctionguy7632 I don't think scarcity is the correct word for this. She's using a sales technique to close the sale. "This is his", and "you will lose this", implies that by not taking the deal that he will lose what he has. Louis is correct, "this ISN'T mine and by saying NO, I haven't lost anything. This is the push technique.
Scarcity is when, "you won't find a better deal". That's her saying this is what is available and you have to accept what is out there." Best response to this, is what's been said. If you are patient and willing to find the right deal you will do better with the abundance mindset. Louis is using this when he says, "this place is open because they've not been able to make a deal with people, ie, there's a reason it's available.
As a ex salesman. I can tell you that she is exhausted and was frantically rilunning her mouth to give you less room to think and respond. She is just pressuring you. She is gone and talking shit about you behind you back as soon as she gets a cut off of you.
"Im not that like that and I think you know that" lol bs
Exactly
If an agent used language like that, I know she is bush league. Disappointing
The pros know, silence is golden
As a salesperson, she's talking too much. She's trying to play a fear buy on a detail oriented customer. Also she's rolling some way dumb logic on him. Rookie moves.
Her continually saying, "right?" as if to subconsciously put what she's saying as truth in his mind, makes my blood boil. Reminds me of how this HR rep used to speak.
"The space is 2500"
"I literally measured 1700"
"Well that's YOUR opinion"
She voted Biden AND believes the election was fair too. Bet.
Edit: Thank you to all you leftists and wannabe lefties for your completely empty and meaningless words of admonishing and insulting.
Their complete lack of reasoning and deeply embedded blah TRULY encourage me to stay vigilant in spreading the truth in spite of the puppets.
Thank you, sincerely.
I think I will wave the flag I love.
🇺🇸🇺🇲🇺🇸🇺🇲🇺🇸🇺🇲🇺🇸🇺🇲🇺🇸🇺🇲
@@movesbooze Tf does that have to do with anything?
Because, if you can so easily accept rampant corruption, hypocrisy and blatant lies in one way, why not another?
Thank you for asking such a telling question. 😉
@@movesbooze Ahhh... the irony
@@jelleaantjes2212 Some people actually live in that fantasy and its pretty sad isn't it.
This is fascinating for its rawness. I'm witnessing a slice of life from a New Yorker trying to run his business. There are characters, conflict, drama, but it's all real. I'm peering into another world.
Can't wait for season 2
Basically what I thought. An interesting insight into the life or New York City business.
It's not just NY. There are a lot of states where this happens in. Now if people wanted to just be fucking honest, and price according to SQFT, sure fine great. The problem is, a lot of places focus on well it's $1.25 per sqft. So for some people to be comparable, they fudge the sqft to fit the comps in the area.
The story of a guy with a coke problem that likes to fix stuff
And it's a neoliberal shithole, just like NY always has been.
Karen's tag line: Don't delay, get screwed on commercial real estate today.
The more you get scammed the more I make! What a deal!
It goes both ways.
Sellers and brokers scam and buyers try to scam as well.
I was on both sides. Most business people are disgusting.
@@livesimplyandhumbly Its unfortunate that you feel that way about the industry, Maybe its just the area that you're in but in my market people tend to be much less shady
Brokers always say "That is an insult" just ignore them. Brokers always say the same crap. It's not your problem or job to make a broker's job easier. She is insulting to you. I have heard this patter from brokers so many times and it is same nonsense. The broker is trying to manipulate you into making a deal. Any ding dong can get a realtor's license and most think it is easy path to a lot of money without hard work. Then she tells the guy to be "smart" implying he is an idiot.
Actually it implies that she thinks she's smart...how embarrassing for her...
@@Horseluvver yeah she's like no no no someone else will make a better offer and thus how come Louis can show these places still empty years months later when ever he goes back and checks on the place
Broker: "It's been empty for a while."
Louis: "And it probably will be for a very long time!"
LMFAO you can hear the smirk
The camera's stabilization is wild, I felt like I was watching a playthrough of a first-person realty simulator.
It's like when the game takes control for a cut scene.
Right? lol
This man had to have been on the world's most stable hoverboard lol.
Or maybe he's a human gyroscope?? I dont know
@@knes167 He had some sort of camera stabilizer.
@@ToomanyFrancis Kinda looks like a DJI osmo
@Uden One-Eye Yeah it fucks with your eyes man i know what you mean man
"it doesnt matter that they are lying you shouldnt undercut their offers"
Oy Vey, vats a guy to do hey?
Oy vey
Oyy veyy!
Oy Vey muh shekels!
In business you can't always worry about what's fair, but what is needed to succeed.
Damn... Watching this in 2021 is a completely different reality.
What are doing you here? Lol
@@Mr.DontKnow Same can be asked about you huh? :D
@ツMoon Owner - Owner of the Moon or you😮
And you as well 🤨🫵
First of all, didn't even notice this vid is 3 years old
and second of all, what are you doing here lmao
Jeez, I dislike her. It's one thing to be shady, but to defend the shadiness so rigorously is just gross.
Just because something is usual does not make it correct, and Louis has found places and brokers that are less shady than this lady. The attitude "that's just the way it is" results in nothing ever getting better.
It's peer pressure, she works in the shady and starts to accept the shady as the norm
@Noggin Fodder M I R A C L E - S P A C E S!
Don't question, just accept and pay!! She's gotta eat!!!!
Louis, her cut is probably the 35% of non existent sqft
Bahah
Misread cut as cat, and I still agree.
"If he gives me 19, but I tell the broker 17 and get the sale, $2,000 for me! $_$"
That might be cynical, but it sounds like so much of that.
@@jomon324 lol
@@jomon324 Schrödinger would approve
Her argument is: In real estate, everyone lies. She's in real estate. Therefore she lies.
Exactly
That explains why trump is like that...
He is in a category all by himself.
@@one4all126 Yeah, he inflated the size of his building by a double digit number of floors...
You would have to ask her for the opposite of what the space owner would value the space at to get the real price lol.
I love how Louis knows where things are located better than the real estate agent.
She's anchor pricing you. If you don't know what that means, just look it up. Basically set your standards higher than you planned for so when you find a shot space ripping you off for a little over your asking price you give in. Please ditch her and anything she's a participant in.
It's not about price though, it's about a mispresented feature of the merchandise. Like, you sell a bucket as holding 10 gallons, but when measured it's actually 7 gallons.
I was thinking that as well, just couldn't remember the term. 👍
miketothe2ndpwr damn I learn more in the comments of these videos than my high school business classes
they do this in car dealerships also i know because i worked for one for a year and they tried to get me to do shady tactics to make sales and i wouldnt do it
@@novachannel1981 hahaha people fall for this all the time at car dealerships. They think they are getting a steal. It's embarrassing I use to watch people walking out thinking they got over on the dealership. Meanwhile they just stole ur trade and you saved no money lol
Imagine her at a car dealership...
"I want my money back, this SUV was advertised as a 5.7 V8, but there's only a 4.0 V6 under the hood!"
Dealer:
"Nononono, that's how it is, ma'am....this is the NY Commercial Real Estate edition"
Beautiful analogy! 👍
Nice analogy!
Don't forget, you will also get three wheels...
Go watch #Steve #Lehto Lawyer South Lyon, Michigan and he would fight that Lemon Law car in court and they would have to buy it back and pay court fees. He would fight it on principle. You pay for a 5.7L V8 that's what you will get.
There's the case where it was fought for the blind man. Hi I'm here buying a car for my assistant that will be driving me I'm very lenient of things but I want a V8 Van. Goes for maintenance ok so I fixed 6 spark plugs. 6???! THIS IS A V8. Mechanic,"Sir whomever sold this to you was lying! It's a V6 and 6 spark plugs."
Took the dealer to court and won due to Lemon Law.
Little off topic but back to the video. Karen is Definitely annoying. YOU don't lie to Louis Rossman.
@The Swedish American LOL, that just drives home the point that Louis is talking fairly loudly about being cheated/ripped off/scammed while walking through an obvious NYPD precinct parking area with cops all around, and not single one of them walks up to ask if he has been the victim of a crime. Or to demand he stop recording them, for that matter.
"THIS IS A MATHEMATICAL REPRESENTATION OF REALITY AS IT IS!" OMG Louis that was beautiful!
insert Neo seeing the matrix vid.
Man I wish paul would have been there to set that stupid dang straight
Karen - "This guy's name is Rob he's really nice." Two minutes later "Hi, are you Rob? Nice to meet you." The two faced lies and persona are masterful.
Not masterful
He could be nice when spoken to on the phone tho
I noticed it too.
Yyeeaahhhhh.... unless they've spoken on the phone like 20 times without having met in person. It's strange that this wouldn't have occurred to you when you initially thought to post that comment.
🤔🤔🤔
"No fair, you changed the outcome by measuring it!" - Professor Farnsworth
Can we talk about how genius that fucking measuring device is though? What a great fucking idea to bring along lol.
It may be standard practice and I don't know (I live in the rural south I know jackshit about renting commercial spaces in New York lol) but I thought it was such a good thing to have to bring along for these.
@@TheOnlyDamien Beats the old fashioned measuring tape, eh?
@@Breadbored. - I'd make that lady hold the measuring tape.
@@Breadbored. beats the old old fashioned counting your steps?
@@bandwagon240 & after she measured do the math so she knows how far out their claims of floor space are,
was it the 25000sqf that wasn't even 20000sqf? but that's Normal, Maybe 18000 rounded up to 20000 but not 25000
then get John Wayne from the Quiet Man to Slap some sense into her,
P.s. I don't approve of Physical or Mental violence
I love how she says "loss factor" like it's the second law of thermodynamics
Isn't that from* louis?Louis?
Edit: I was reading the email at the start
😂
I love how she said "Rob's a nice guy" then up walks Rob and she say's" are you Rob?", meaning she's never even met Rob.
@@MyCracker1234 ahh I’m glad 6 other people noticed that, yall aint gonna let anything slide past you
@@mwwhited who runs real estate in ny? What people love to change the truth?
"Lying by 20% is not too terrible"
As a Realtor myself, that's absolutely terrible! Accuracy is so necessary in this industry.
Matt Johnston sorry bro but you have no clue what you are talking about, nature of the beast dawg
I'm telling you, you gotta stop living in... you gotta get with reality here, Mr. Johnston.
Evidently not in NY
I'm sorry maybe you misheard? Nobody lied by anything... this is "COMMERCIAL REAL ESTATE".
Just Google "Loss Factor Real Estate". Apparently typical New York sqft numbers for commercial real estate (didn't check if this also occurred in residential) is forged 27%+. They basically just make up sqft numbers to get sales. Apparently everyone knows this in NYC and everyone does it... So experienced tenants talk "Usable Sqft" when looking at a place. So, in light of these facts, 20% is actually completely reasonable given apparently the average of 27%+.
"You know you're a really smart guy Louis, you know that?"
These people are such snakes man.
So annoying how often she says that. Completely disingenuous.
"It is not going to get better." "That is the market." "That's the way it is." ... Basically frustrate your customer into a deal. And she is picking a fight with a guy who contradicts Apple xD
Literally picking a fight with the dude who yells about this mentality on youtube too lmao
Very frustrating
“If the advertised sq/ft was actually true you couldn’t afford it.”
that was.. a pile of condescending crap. louis was so cool, calm, and collective. i don't know how he does it, but i don't think i'd be able to handle all that crap, kudos to him.
@@ccgb92 i think hes used to it from what hes told us about his life
@@danman9847 true. i also think this is why i find these videos so fascinating and addicting to watch. it's real life and unedited, you get to hear every single thing.
@@danman9847 i also need to be more thick skinned. cause when she said that to louis, i even felt triggered and i'm behind a damn computer screen lol.
John Miller you need to be you, but sometimes that aint easy
Get rid of Karen. She’s not working for you. Her ego is more important than what your needs are.
she's working for the building owners not louis, she's telling him not to offer a lot less because that cuts into her percent. he needs to cut her loose
She wants money, and wants you to settle for any crap
Sounds like she's desperate because she sucks and can't land a deal, ironic that being desperate basically ensures you'll never land a deal with anyone who has any sense
In Karen's defense, her job sucks, no one is going to choose to do it for the love of the craft.
No defending Karen, she’s horrible at her job.
This reminds me of my one brush with a broker in the US. She did exactly the same stuff, showing me places that she liked rather than listening to what I wanted.
The property is a miracle. Specifically it's a miracle how they squeeze 2,500 sq ft into 1,700.
That's some Tardis shit right there lol, Louis is going to be traveling back in time to the beginning of apples creation.
At the edge of the universe, space folds over on itself.
DovidM so NYC is the edge of the universe. qed
It's not a scam! It's simple: the store is bigger on the inside! Louis better not drop his thermocouples otherwise he will be stuck in the store repairing macbooks for the rest of eternity.
They use a gravitational well to compress the space
"I can't lose something i don't have." - Louis Rossmann 2020
Was thinking this exact thing while I heard her give that little 'pep talk'.
Still waiting for Lois to make her reboot
r/technicallythetrue
13:12
Opportunity loss
Karen sounds like a Used Car Salesman, the shady kind.
Wait. There's another kind?
"Karen" Wormwood...
As a former used car salesman, I take offense to this. Liars, maybe, most of us, but when confronted with absolute truth most won't just dogmatically repeat the lies
Karen is prime example why women earn less money. And it is especially obvious when you compare to the broker from 30TH ST 6TH AVE video.
Yeah karen sounds exactly like the current usa president.
I like how she says she's not gonna work her ass off to help him for nothing as if she doesn't just walk around make phone calls and sign papers where as louis and his employees literally have to work their ass off to afford to eat food that that lady would probably consider is beneath her, at least in regards to the way she presents herself.
Not really. I've sold real estate. It's a shit ton of work. It gets frustrating when you put in 30 hours and show a guy 12 properties only for them to not buy anything.
@@brassman5 I understand what you’re saying but that sounds like a lot of time, not a lot of work. If you were on your feet with no time to stop over half the time like a standard job then I getcha but putting in hours is a big part of real estate. You work when you want and also don’t when you want, a standard job does not have that luxury nor pays as well. In the video the properties he is shown do not have the specific dimensions that were originally proposed to him, can’t blame him for not wanting to do business with someone who beats around the bushes with numbers considering numbers are very relative to the job.
@@mosese1172 We only get so many hours in our lives. Whether it's on your feet or behind a desk, it doesn't matter. Spending that time without getting paid is wasting your life. As far as this video is concerned, I don't disagree with him at all. There's no excuse use for advertising false information. Back in the day, I would have been fired for that.
@@brassman5 I respect that. I just didn’t appreciate her overselling of the product. I’m sure she has done good business in the past but she over sold an over valued product trying to revert the waste of time to our friendly repair man and entrepreneur. I did not appreciate that but I’m just an outsider looking in, purely speculative
@@brassman5 They should change how real estate brokers get paid. I'm all for a flat fee.
"You don't know what you're up against"
Well lady, I dont think you've ever met Louis
Shut the fuck up centrist *This post was made by ancap gang*
*Ancap thug
@@tbmavenger71 she tried to tread on him
Yes I do...taxes
@@cjonwickham1933 You spelled "I get robbed
", incorrectly. This reply was made by the ancap gang.
"I'm on your side. If you don't make a deal, I make no money. Just take the deal, I'm on your side!"
Riiiiight.
Wow. I'm surprised she didn't tell Louis to think of the landlords kids.
S John think of that landlords new Lamborghini! He may have to skip on the luxury options. Hahah.
THINK OF THE CHILLINS!!!
Louis just ruined her kids Birthday! now she cant get a commission because as she said in 12th minute that it happens all time with these sexist men who make her run around for whole years.
Damn time flies
@@Phantom-darkness >options
Dat pun.
At 15:23 she says “ you could come back in 3 years and that could be $100 less per square foot. I’m joking..”
BECAUSE OF COVID IT DID 😂
Hahahaha
"I can't lose it if I don't have it." - Louis Rossman - 2019
Loosing something means you actually have had possession 1st.
I can't wrap my head around loosing a sale, since you never had it.
But then I do understand not getting the girl because she was just curious. But still I did not loose her because I NEVER FOUND HER.
@@warrenpuckett4203 Lol that agent spreading FOMO. Lou should be careful.
@@warrenpuckett4203 you loose the opportunity of sale, there is an opportunity cost
holy hell this woman is desperate for commission..
Lady, you'd probably get more sales with honest reasonable listings.
@Cringe Commander 'The Game'? If you mean the game of real estate, pretty sure she's already on it.
Seriously she just would not stfu
This lady is trying so hard to relate to you.. it's nauseating.
so u do computer stuff lol
At the beginning when she randomly said "you're very smart" unprompted was very awkward.
This lady is a walking dumpster fire
She wants her commission and knows that Louis is not just going to send money unwisely.
“Oh, yu so smaat, yu so funney”
Realtor: *"No no no. No no no. That's just the way it is. Everybody does this."*
This ↑ is what is wrong with our society!
“That’s the nature of the beast” 🤦♂️🙃
"I was in Brazil...my Spanish is so bad.." It wouldn't have mattered anyway. They speak Portuguese.
Hahahaha x
istvan meissler If she watched the Simpsons she would know this.
istvan meissler 😂😂😂😂😂😂😂
I know this is a good joke, but Spanish and Portuguese overlap by 87%. This means I can communicate with Brazilians. I speak to them in Spanish and they speak to me in Portuguese and we still understand each other 87% of the time.
@@elchicovip01 That's not because of language overlap - a lot of words that are similar between the two languages have completely different meanings. The reason you get along with us so well is because we're forced to learn basic Spanish in school ;) so even though we can't speak Spanish we can "get" it.
Karen talks like an 11th grade English teacher talking down to her students when they call her out on misinterpreting a metaphor in The Catcher in the Rye.
Oddly specific
What traumatic experience did you have with catcher in the rye... Unless you're a high schooler and that's the most relevant example you could think of.
@@kobibenlevi5523 I think it's just funny being this extremly specific, i'm not sure it's based on actual facts or traumas lol, just a quick and smart wit.
Which metaphor exactly?
I mean, she is a *Karen*
So the LED store couldn't sell enough LEDs per month to pay $19k per month in rent? Imagine that...
@H M LEDS do neesd replacing do not think LED lights will last forever,. that is nonsense
@@SDeww they don't last forever but they do last a long time and it is a dumb thing to base an entire shop off of
@@SDeww They last almost 20 years that basically forever in terms of electronics.
What are you serious 19k a month holy wow and i think a garage for 5 k a month is ridiculous
The LEDs themselves last... but the ballasts and other electronics and fittings tend to go bad.
"they set their prices by the market. its by square foot."
"but they are lying about the square footage"
"I am not disagreeing with you, but they aren't lying they are setting price by the market"
but they are still lying though
Where i live, there was a bakery family business that had to move out because the landlord wanted an unjustified rent raise asking too much for it. Its over a year and the shop is still empty. So basically the landlord because of his/her greed from a stable income reached to zero income.
How is the family business doing?
@@leilaan9344 Moved few blocks away and they are doing fine.
@@NickAlpha_ oh thank goodness, that's great to hear
@@leilaan9344 Yeah.
Same thing happening where I live. I'll never understand that kind of logic. But, then again, greed isn't logical.
"I make a percentage of whatever you close on" How does that make any broker on your side when you are buying? The more you pay, the more money your broker makes.
yup
You haven't worked in sales have you? If you made a flat rate it would just encourage quantity over quality.. Ive been in sales for years and you can be moral.. My philosophy is do good business, people trust and recommend you and hopefully get return sales and recommendations. I don't obscure or lie, that just burns bridges and gives you a bad rap.
@@jf6647 I've actually worked in 100% commission sales. 90% of the sales people had making the most from each customer as their top priority. Which included lying about the "discount" the buyer was going to get making the deal that day.
@@ModeratelyAmused understandable. I get what you're saying. My point though is no matter what, if you have incentives for sales you're reliant on the person. The pay structure is not morally wrong to start with.. It just depends on the person. I've seen many scummy sales people, but. I've also seen many honest ones to.
Why would you even have a broker when looking for a place to rent...
“I used to work in that building for a dude with a cocaine addiction”
*Endlessly sniffles the entire time*
Noticed that too lmao, just nyc things
@@Strafprozessordnung lmfao NYC things
you could afford that space and still buy cocaine damn your rich dude
SNIFF
Lmaoooo
You, my friend, are setting an Excellent example.
Take ish from no one.
Don't be afraid to make people uncomfortable.
Louis out here exposing all these scummy businesses from Apple to real estate brokers. What a guy
liekabauz i think it’s because he’s in Manhattan
I wonder what he's gonna expose next...
I love this real estate show...
“I’m on your side “ is one of the biggest lies anyone will tell u.
They're only on your side until you buy their product. Now they don't care.
They are. They always will be there when negotiating with you.
..... "Your side" is the side to be frauded & from which they try to enrich themselves. Not saying they will stay with you.... :P
Yep.
Agreed. If you have to say it than the evidence will not or does not support it.
That is a sign someone is trying to screw you. When a stranger says "I am on your side". You know they are lying.
"No fair! You changed the outcome by measuring it!"
Heisenberg's store
Yeah, the estate is both real and unreal at the same time.
lol
it's called loss space lol
I love that bs
Didn't know real estate deals with super positioning and quantum field theory. unfortunately the field in question is shop space.
Decoherence of the homeless feces wavefunction.
My pet peeve is people saying "that's just the way it is" when you point out that something is wrong. People can lie and basically steal from you, but it's okay - that's how it works. Like, what?
She talks to adults like this?!? What's got her feeling so superior
Because he's in a "desperate" position because he "desperately needs" to upgrade for his business - so her perspective is that he's the under hand and she's with the upper hand.
This is what my dad thinks. He is so sure about how things work. When something happens that's outside of his reality bubble, instead of learning and changing his perspective, he shrugs it off as an outlier. Blows my mind that people can't think differently.
@@ToxicatedLum what she doesn't realizes is that Louis has at lest 3 more years of lease at his old space. So he has plenty of time to look around and fire that sea monster called karen
She sounds like a marketer. Unless enough people start calling them out on this, she and the industry will still keep going
Cocaine
This is absolutely disgusting, thank you Louis for exposing this side of the industry.
The broker doesn't represent you. She's just trying to make a sale and make the maximum amount of money for the landlord.
For herself!
So like Apple?
She is trying to make the maximum amount for herself.
So enlightening! You're absolutely 💯 on this! The "realtor" also wastes the landlord's time by bringing a tenant who can't pay the asking price. At least the space got some YT time. But what part of your 15K limit was unclear? And re square feet, how does 17=25 in any sane universe that isn't *lying* ??? Thanks for showing this process, up close and personal, WITH post meeting commentary!
This is hilarious to watch just over a year later. She was wrong on every single major statement she made.
LOL I know right? Real estate in NY right now hooo boy.
indeed. Her comments aged like fine milk.
@@thedoctor323 , I saw what you did there. 😉
Karen is the WORST kind of person. Knows very little, contradicts herself at every turn and is arrogant and condescending.
yup and she knows people are lying so she just goes along with it because it benfits her.
Must have graduated Trump Academy
Most likely from AOC's
She wasn't wrong.
Lol, in other words, she's from New York City
Lewis's new store search: A story of a blossoming class action lawsuits in false advertising of real estate in New York.
Next playlist: Louis becomes a lawyer
@@mdimarco87 WORD! LOL!!
SCrew the right to repair movement, the right to rent in NYC!
@@mdimarco87 Changes name to Louis Litt
Its clearly so they can list something at a lower ~$100 per square foot price, despite the fact that in reality they want to squeeze ~$110 per square foot. Honestly I feel as though measured against the building plan, if this is not the correct amount, there should be some basic level of enforcement around advertising. If the number is different that number the landlord reported to the council/city/government, it's false advertising. As you can see, mass retardation in this manner results in "thats how its done" responses and the listed $X per square foot price will always equal $X+30% in reality, which is way, way different so to assume ~+10% is normal would appear to be extremely conservative. Hustle is real.
"man! look at that door! whoa! wow! thats so cool! thats cool! that door is so cool!" ladies and gentleman lets take a moment to appreciate this brilliant display of sales ingenuity. i am laughing my ass off what is she doing?
Her Faking every interest is so annoying. Louis:’I like your GoT door’. Karen: ‘That door is sooooo cool’ x 10
Don't you know? Every salesperson is automatically your new best friend. Especially if they're incompetent and trying hard to misrepresent what they're peddling.
'Louis you're so funny! You make me laugh every day!'
Such a suck up
With sugar!
@@TonyRule "I love that you're so smart and we can really have an intelligent conversation,......."
Ikr! "Louis, you're so funny", "Louis, you're so smart!". Geez, that's so awkward...
she's on your side? lol, she's on her side, close the deal as fast as possible, close close close is all a broker is looking for.
"Because only one thing counts in this life: get them to sign on the line which is dotted."
Or she is on her own side - she gets the deal and she gets her commission. If you want to think good of her. She is no good, not smart and she is not going to close deals. "This is good deal for me. Dough!", as she said.
@@rkan2 YES! Great quote! MAN what an excellent movie! GGGR was
And the more you pay, the more she gets paid
She's on the landlord's side. She actually said that she's friends with the landlord.
Karen: "I'm not pushing you" - is trying to push into a lease...
"you're never going to find anything better" is very telling of her motivations
"you're a smart guy so..." and "I'm not trying to pull the wool over your eyes, I'm not that kind of person, I think you've kinda figured that out already..."
Immediately walk the other way when someone tries this shit with you.
@@DKL997 People like that are so fucking transparent, it's creepy, they are often around people fragile enough or not paying enough attention that this kind of shit convinces them, and for the smarter ones but less mentally resilient, or with actual time constraints (unlike louis) it will wear them out until they crack.
It's brainwashing, plain and simple, clear as day.
"Obviously I'm not an idiot"
-Lady who doesn't listen at all to what he's saying to her 😅
I love people telling me what I have to accept in my life.
Had an agent try that (when I was selling in Monrovia CA) in 2004, I showed her the door. She called me twice to apologize (I let her go to voice mail), probably tried more than that but I blocked the moron. She told me I needed to ask about 40K less. I ended up selling it for 20K over asking, the offer was in within a week with the new agent, escrow was 30 days, done. Some people are so stupid they shoot themselves in the foot non-stop.
@Ethan delivers The profile picture and comment actually match up very well, as an Office fan, I appreciate that.
"You have to trust me, my broker has been straight scamming people for wayyyy longer than I have."
Desperate people are bad at selling stuff. She could negotiate, but she's more worried about doing the deal than doing a good deal
@Ethan delivers naw man she wanted to get Louis to spend over budget to get a higher commission. My family business is real estate agents in London and while most (especially the big ones) do this kind of shit our business is a small business that relies on repeat customers. Doing shit like this is how you send people running cos they don't trust you. Even if she showed Louis stuff over his budget she should have accepted that yes the 1st place is asked for more than it is worth but unfortunately offering 5k under their asking won't be accepted. At that point, she should say: "hopefully the next place will be better for you" or something and move on. If she's so certain that the 1st space would get rented by someone with more money she should wait for that person to come rather than basically admitting to Louis that she's a dishonest realtor cos he is very unlikely to take a property from her now. The second she contradicted what she had previously told him + tried to convince him that the price on the 1st property is normal and it's just how it is, she lost the customer.
Karen sounded like an NPC that was programmed to repeat the same lies . She never sounded real in the conversation.
She's not convincing me... I'm going to not get mean, but fuuuuuu
When I was shopping for my house, my realtor pointed out flaws we missed and would flat out say "don't buy this house" on occasion. I learned to trust her and will use her again.
This lady sounds like a pure salesman to the bone...
@@JohnDoe-re4qy The lady makes complete sense here. Even at that size, it's competitive in the market.
That's how most brokers sound really. They are super full of shit and are always acting like they are on your side, but we all know they are all in for the commission.
After 15 minutes, he seems to just be tired talking and she keeps going for a while
"I'm not trying to pull the wool over your eyes, I'm not that person, I think you've kind of figured that out already" Oh put a sock in it!
"I love how smart you are. . . but I just want you to be careful. . . you have to be smart"
*Google translate*
"You are such a pain in my ass. . . stop being a pain. . . or I will never get my commission"
Thanks a lot for helping out. I couldn't find "Karen" in the languages drop-down, so I guessed this feature was still in alpha
Her commission gain is my loss and I'm a pain in the ass?
In every facet of life, never trust anybody who says the words "that's just the way it is." when it comes to your money.
I'm going to disagree with this as a technicality. If a lawyer tells you it is what it is while telling you you shouldnt sue someone but they'll take your money anyways, trust them because they're making money win or lose. Same if a mechanic says they could fix it, but it's better if you scrap it because it is what it is. They're recommending that you dont pay them an arm and a leg, but rather spend slightly more somewhere else. Those are just 2 examples.
“I’m not trying to pull the wool over your eyes” - someone actively trying to pull the wool of your eyes
more like trying to put pillow over his face
It's like when the federal agents tell you "You have nothing to worry about, you're safe with us" - you're pretty much fucked.
"It's commercial real estate." "[Lying to your face] is not an insult."
These Karens are deceitful and do not care about how much business investments or wealth they destroy. A lot of them are fuck-ups that switched to real estate because nursing was too hard as in it required actual work instead of just lying and taking money on false premises.
I love how she resorted to buttering you up after she realized that you know what you are talking about and she won't change your mind by telling you that it's "Commercial Real Estate"
Meme: "It's free real estate."
This lady: "It's 2/3 real estate, 1/3 quantum physics that only appears when you're not looking."
Underrated comment
Sounds like a Doctor Who episode. 'The Weeping Real Estate Agents'.
Brilliant comment
“I’m not trying to pull the wool over your eyes” literally lied to his face
No one who isn't lying to you doesn't have to specify that they aren't lying to you lol.
That's something a wolf in sheep's clothing would say
Not happy with Karen. Annoying, doesn't have Louis' best interest in mind, ignores your budget, patronizing. She's wasting time. Get rid of her.
"N-n-n-no no no no no no."
a typical karen fom a to z she is prob acts entitled too
In my experience most agents are like this, especially females
"You gotta be smart and cheat yourself" sounds smart.
"No no, you have to seem interested."
No, you have to be willing to walk away. The seller has to win you over if he wants to make the sale. If you're willing to walk away you won't compromise yourself.
Her incentives are fundamentally at odds with yours. She just wants you to get a space. If you ended up paying an extra $5k a month, she doesn't care.
Even more, she said she makes a commission of what she closes the deal at... the higher the better...
Minimoncho at least she is honest enough to let people know that like it is a job and that she is after money and thats how she makes it
@eagle PHD both ;)
@@skylerruin ha :) had the same idea ...
ofc she doesn't care if they end up paying more. That's how she gets to make more money. She knows what she's doing and that makes her even scummier.
26:49
Karen: *starts telling a lifestory*
Louis: *under his breath* 'Shut up.'
Lmao love this
lmao i thought i heard that
GAHAHA I didnt notice he said that but i definitely got the vibe from louis without even seeing his face that he wanted her to sttfu
Think you omitted a word or two.
Karen: I’m on your side.
The realtor or broker is NEVER on the buyers/ renters side. Commission based on price so they always want to maximize
if you hire them and sign an agreement, they have a fiduciary responsibility to you. Good real estate agents make their living in repeat business and building relationships so they always try to get you the best deal possible.
@@jessepinkman6164 Good luck proving fiduciary fruad in a court room. Brokers want you buy a place as soon as possible, they make money on sales, not by the hour.
Some really are, they don't let money be their primary driver. Sure, they need money just like everyone does, but they won't sacrifice they dignity to get it. Not everyone in this world is motivated only be money. A lot are, but not everyone, so don't use qualifiers like NEVER or ALL.
Exactly my thoughts. But Louise can't tell her that, because unlike her he's not enough of a con to tell her stuff she doesn't want to hear and pretend that they're still on good terms.
@@shadowscall7758 Having a career in realestate means you've already sacrificed your dignity. lets be real here