All Forum Posts by: Brant Garner

@Tariq Sabbah

Two ways- 1. Replacement cost

2. Sales comps of similar properties

@Joel Owens

I did the free trial with Clientlook. Sent over a small CSV file for them to upload and they replied back and said it would take 7-10 days. Disappointing. So I then tried doing it myself and discovered I could only load the info about the contact and company and not the property associated with them. They said I would have to go in and manually link a property bit said their staff could do it for me but again it would be 7-10 days. How do you handle this? I like the interface but I want to upload quickly and get going when I research a new area or retailer.

Lots of investors will take a slight haircut over this. I could give scenarios where certain parts of all asset classes would be negatively effected by this pandemic. Many retail tenants will have access to emergency funds via SBA Loans just like multifamily tenants will get stimulus checks. I wouldn’t hesitate to say that there will be a lot of pent up demand for retail and hospitality once all this gets smoothed out, and it will. Unlike the last recession, real estate and its lending practices aren’t the underlying reason.

@Remaz Gaffar

Never used their services but two come to mind.

Massimo Group

Michael Bull

@Christopher Brown

You done the right thing. CRE can be a small world at times. You wouldn't want that situation attached to your reputation if you had chosen the other route. Plus you probably saved yourself a lot of money in legal fees.

@Jonathan Greene

This is exactly my why I phased out of residential and into commercial. Most commercial investors are very professional and expect the same. I just hit the pause button and started taking CCIM courses and seeking mentors. M-F 9-5. No one in the commercial real estate investment world expects weekend or holiday work. Fits my desired lifestyle a lot better.

@Dawn Vu

Of course the language of the lease and state laws apply in this situation but also consider the likelihood that the new owner considered your lease in determining his or her rights to vacate tenants for their intended use of the property before closing on the deal. I would guess they are trying to see if they can get you to vacate without incurring relocation cost owed to you. Tenants tend to not be savvy in real estate law and that’s what they’re hoping in this case. Just my thoughts.

@Jaren Barnes

I don’t really play in the MF sandbox but some colleagues that do are always talking about Gross Rent Multiplier. Hope that helps!

@Hai Loc

And Dollar General’s are all corporate owned stores to my knowledge. QSR’s is where you’ll find franchisees.

@Hai Loc

These companies have their own real estate departments. They decide on a target area. Then their “go to developer(s) buys the land and they negotiate the terms and conditions of the lease. Lessee moves in and the developer either holds or immediately sells. Most likely would have to be an established developer to get in with them, especially on STNL.