Been testing a lease abstraction pipeline I'm building against SEC filed commercial leases (mentioned this in my intro post a couple weeks back), and one of them has been stuck in my head since I found it. 2021 office lease, Pittsburgh. Section 1.W of the original lease: tenant's proportionate sh...
When we've got a suite to fill, the first question is almost always "who's looking?" Call the brokers, find out which practices are in the market, work that list. That's how it's always worked, and it's not crazy — the tenants actively looking are the ones who can actually sign. But it means the ...
I’m researching a potential ground-up golf course development in Oklahoma and looking to connect with investors who have experience with land development, golf courses, residential development, or larger real estate projects. The concept is a roughly 272-acre property with good terrain and a stro...
I am looking at a commercial building that is for sale. It has been leased for the last +20 years by the same cable company and they have 43 months remaining on the exiting lease. It is a NNN lease and currently pencils at about a 10% cap rate. The building has a small office, but is used for sto...
Actually started this venture about 3 years ago. I might get some activities out of time sequence. Sit back and grab some popcorn. I will chop this up into smaller segments, so each one isn't too long of a read and has a central theme. Both Retiring and doing Self Storage, we hit the mark where w...
CAM reconciliations are a major source of frustration for small time property owners. For me, it means spending a significant amount of time each year tracking down each of my tenants to verify what they have paid, and determining what amount I am still owed. I had no idea I would have to do this...
The owner (or property manager) of large commercial building failed to properly collect CAM charges going back 4 years. The leases typical provide for a yearly reconciliation statement from the Landlord and a re-adjustment of monthly CAM estimates. None of this was done. How far back is it reason...
Does anyone have recommendations on how to deal with NNN or CAM expenses? Specifically the tracking of the expenses, the breakdown for each tenant, and the reconciliation at the end of the year. Ideally, it would adjust if a tenant has something slightly different in their contract. For instance,...
I want to understand the practical process investors use to determine what they're willing to pay for an income-producing property. I get the basic valuation concepts—NOI, cap rate, DSCR, LTV, and the rest—but I'd like to know how this works in an actual acquisition. Say, comps indicate a market ...
Houston-based. I run a 30+ year-old family business and a small real estate portfolio on the side. This summer I bought 3.25 acres, all cash, at a county-road corner in Waller County, NW of Houston, to build small-bay contractor flex: 1,500 SF bays, 30x50, 16' clear, one drive-in door each, NNN l...
Working a deal right now for a client to lease an inline space in MA in a Shaws plaza. recent info came to lite that a new QSR is coming to a pad directly in front of his space. His initial reaction obviously was "that's going to impact my sightline". Certainly it does, but when we took a deep lo...
I manage a small commercial portfolio — mix of retail, one industrial, and a couple of office suites. Under 20 units total, all NNN or modified gross leases. I’ve been on a spreadsheet + QuickBooks combo and it works until CAM reconciliation season, at which point it turns into a nightmare. I've ...
Hi! I’m working with a client who is currently applying for an E-2 visa. We’re negotiating with a landlord who has requested financial documents showing that my client can financially support the new business. Since his LLC is newly established, he doesn’t have any business financial records yet....
I've spent the last several years working heavily in real estate acquisitions, and I'm interested in connecting with more companies, investors, and acquisition teams that are actively growing their portfolios. My experience includes residential, multifamily, and commercial acquisitions, along wit...
I think commercial real estate is getting really interesting right now. Not because I believe every commercial property is a great deal. Spoiler alert: it definitely isn't. 😂 But I think investors are getting more opportunities to actually negotiate. Higher rates, changing property values, vacanc...
Every year, the same pattern shows up: the tenant usually is not fighting the total CAM bill first. They are fighting the line items that feel vague, inconsistent, or easy to frame as "landlord overhead." The biggest pushback I see is on admin fees, repairs that look too close to capital work, ma...
It’s amazing the number of great deals on the market. We stay within 40 miles of our house and are in the retirement side of investing, so not a deal for us. My brother is planning to move back from Italy so he has started checking deals out. He asked me to look at a deal. Did a Quick Look. Didn’...
Depreciation Recapture: What Real Estate Investors Should Know One of those tax concepts that sounds more complicated than it needs to be. If you own rental or investment real estate, it allows you to deduct part of the property’s value over time. Those deductions can reduce taxable income and im...
Hi! I’m working with a client who is currently applying for an E-2 visa. We’re negotiating with a landlord who has requested financial documents showing that my client can financially support the new business. Since his LLC is newly established, he doesn’t have any business financial records yet....
Hi All, Anyone interested in a meet up in the Inland Empire in CA. The IE is growing and yet I feel like there is not enough eyes on a great market. We all loved LA but LA is out of control with laws and regulations. In my opinion the IE is the hidden GEM! **Private message me your info so I can ...
For GPs buying value-add industrial right now: is anyone layering the 30% solar ITC with MACRS bonus depreciation to offset active income, or is the consensus that it’s too complex to explain to LPs?
One of my relatives called and said what do you think about this property. 3 acres for $9xx,xxx. Property tax 2.4%. Would be a $1.6mm Phase 1 project. Using their interest rate of 6.5% as the Cap rate would be a $2.6mm valuation based on NOI. Cap rate would be lower in this City area, making the ...
I'm in a red-hot market for industrial spaces right now. I understand real estate in general I don't understand the nuances of commercial/ industrial development which it appears more and more like that's what I'll need to do. I was wondering how people get these types of projects off the ground....
Investors! I want to hear from you! If you own 5+ units and have held for 10+ years: What would actually make you take a serious look at selling, 1031 exchange, or restructuring — versus just riding it out? Is it a life event (retirement, health, family), a market signal (cap rates, interest rate...
Hey everyone, I’ve been studying an adaptive reuse idea for the Bishop Arts area in Dallas and wanted to run it by the community here to see what you think—or connect with anyone who's done something similar. The Idea Take an old, low-traffic car wash and convert it into an open-air neighborhood ...