All Forum Posts by: Courtney Nguyen

@Henry Clark our parking lot is definitely concrete.  And it's only 4 years old.  Do you think it's time to reseal the concrete parking lot?  And do people actually need to reseal concrete parking lots or reseal is only recommended for asphalt parking?

@Matthew Kwan I agre.  That's why I want to do it now and will probably do it once a year from now on.  Thanks for chiming in.

We are in a similar situation. In our case it's the restaurant tenant whose primary term will expire at the beginning of next year. They also have option to renew for a one 5 year option at 10% over the previous term. Tenant already reached out to me asking to keep rent at the same rate because he thinks NNN will be going up some more (but I think our NNN will remain pretty stable which should be almost $11/SF/YR) so it will be difficult for him if base rent is also going up. He has been a great tenant, always pays on time and no issues from him whatsoever so I definitely want to keep him. I am thinking of giving him either 1 month free then rent goes up as scheduled, or keep 1 year at same rent as current then the next 4 years go up. Still thinking about this, need to play with numbers too to see.

@Ronald Rohde yep, these things built up quickly around here.  Called 1 company to get quote.  Will look and call some more.  Thanks.

@Henry Clark will do.  I found a good local company I plan to call, hopefully they are experienced and good.  Thanks for taking the time to read and answer my questions Henry.  Have a good night!

@Henry Clark for side walk and parking it's concrete.  Building is concrete/brick.

Hi BP community,

I manage a multi-tenant retail strip (9 units).  The property is fairly new (4 years old).  I am seeing some black spots in sidewalks, curbs, some dirt built up in parking lot so I am thinking it's time to have a power wash on the exterior of the building.  But then I also see some places that have way more mildew, mold, algae built up and look like they never got washed.  It makes me wonder how often do these commercial properties get power washed?  And how do you schedule it so that it gets done without disturbing your tenants?  I am thinking of doing it over the weekend, early in the morning while most tenants are not open yet.  However, it still doesn't quite work out since we have a coffee shop which opens early, everyday.

Any advice, tips, info is greatly appreciated.  

@Michael Plaks sorry this is off topic but I was literally checking out your website before reading here and would like to purchase one of your courses.  However, they are in DVDs and I don't have DVD on my laptop.  Do you also offer these courses in forms other than DVD? Please DM me with info about that.  Thanks.

@Brandon Harris I don't know about getting rid of the weed smell.  But getting rid of cigarette smell can cost thousands of dollars.  I dealt with one a few months ago (had to clean, replaced all blinds, painted the whole house.  Cost $5K).  Tenants paid early every month so I had my guard down, I didn't do the 6 months inspection!

@Chris Mason thanks for the links. This whole entire time our CPA has been telling us to use the Federal Reserve rates (and can't be more than 10% of the Fed published rate). And this morning another cpa (my friend's cpa) said the same thing. However, from all the posts above I am now thinking if this is considered personal or commercial loan? It is a loan from the parent LLC (owned by non US residents) to child LLC.