{"podcast":{"title":"The Commercial Real Estate Investor Podcast","slug":"the-commercial-real-estate-investor-podcast-1247143","podcast_index_feed_id":1247143,"rss_url":"https://www.tylercauble.com/podcast?format=rss","website_url":"https://www.tylercauble.com/podcast/","image_url":"https://images.squarespace-cdn.com/content/v1/5c115fec9d5abbba78a23c93/1637795740335-ODSY1MEOVIXJU97AK7TT/Thumbnail+for+the+podcast+2+.jpg?format=1500w","author":"Tyler Cauble","episode_count":297,"summary":"Welcome to The Commercial Real Estate Investor Podcast where your host, Tyler Cauble, covers the ins and outs building wealth and passive income through investing in commercial real estate. Tune in for investing strategies, leasing & management tips, market updates, and more.","last_synced_at":"2026-07-21T06:18:10.176097+00:00","page_url":"https://stenobird.com/podcast/the-commercial-real-estate-investor-podcast-1247143"},"episode":{"title":"381.   He Doubled His Cash Flow Without Buying a Single New Property","slug":"381-he-doubled-his-cash-flow-without-buying-a-single-new-property","published_at":"2026-05-21T10:00:00+00:00","page_url":"https://stenobird.com/podcast/the-commercial-real-estate-investor-podcast-1247143/381-he-doubled-his-cash-flow-without-buying-a-single-new-property","show_page_url":"https://stenobird.com/podcast/the-commercial-real-estate-investor-podcast-1247143","url":"https://www.tylercauble.com/podcast/episode381","audio_url":"https://static1.squarespace.com/static/5c115fec9d5abbba78a23c93/t/6a0e1f116c910b5dba4cd8f7/1779469894015/Chris+Thorndike+Interview+-+v002.mp3","summary":"Core Concept You don’t always need a new deal Chris realized he could get ~ 80% of the cash-flow upside of a new acquisition by further improving an existing property, with less time, less capital, and less risk . Micro-suites = outsized value from small spaces Converting an old car wash/warehouse into 6 micro suites created strong demand (120+ inquiries) and stable, high NOI with no vacancies for ~2.5 years. Phase 2: More tenants, more stability Reworking an extra 1,500 SF bay from 1 tenant into 4 micro units bumps NOI from ~$76k to ~$102–103k , while reducing lease-up risk via more, smaller tenants. Leverage LOIs + equity creatively Plan: gather LOIs for new suites → use them to secure a line of credit → fund renovation → then use new equity to springboard into the next deal. Purpose-driven investing plays well with the market Focus on “making space for small business” (micro spaces / small-bay flex) aligns with current demand and supports local operators squeezed by rising rents and costs.","meta_description":"Core Concept You don’t always need a new deal Chris realized he could get ~ 80% of the cash-flow upside of a new acquisition by further improving an exist…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2191,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-commercial-real-estate-investor-podcast-1247143/episodes/381-he-doubled-his-cash-flow-without-buying-a-single-new-property/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-commercial-real-estate-investor-podcast-1247143/381-he-doubled-his-cash-flow-without-buying-a-single-new-property.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}