All Forum Posts by: Daniel Alfandre

@Joel Owens for your clients looking for value-add deals, do you provide services to help them add value (fill vacancies, lease-ups, advice on remodeling, financial analysis) or do you just connect them with properties?

Do investors accept a, say, 3-5 year investment term, which ends in a refinance, where all their capital, preferred return, and appreciation split are paid back and the investor-sponsor partnership is terminated? If so, would this give the sponsor sole entitlement to the cash flows and appreciation after that? If not, how do sponsor-investor agreements typically work after a refinance (for the sponsor's purpose of holding on to the property) if the investors are paid out from the refinance?

Do investors accept a, say, 3-5 year investment term, which ends in a refinance, where all their capital, preferred return, and appreciation split are paid back and the investor-sponsor partnership is terminated? If so, would this give the sponsor sole entitlement to the cash flows and appreciation after that? If not, how do sponsor-investor agreements typically work after a refinance (for the sponsor's purpose of holding on to the property) if the investors are paid out from the refinance?

Do investors accept a, say, 3-5 year investment term, which ends in a refinance, where all their capital, preferred return, and appreciation split are paid back and the investor-sponsor partnership is terminated?  If so, would this give the sponsor sole entitlement to the cash flows and appreciation after that?  If not, how do sponsor-investor agreements typically work after a refinance (for the sponsor's purpose of holding on to the property) if the investors are paid out from the refinance?

The tenant says ants have come into the bathroom because there is no sealing/calk between the baseboards and the floor, which is where she says they are coming in.  Even though that area is not directly exposed to outside, as a general question, is it an opening to the house (hole, crack, etc.) that causes ants or is it food sources in the house that causes ants?

Further, what liabilities would an unsealed baseboard-to-floor cause me?  The place is 100% renovated and I missed this part of the renovation--there is shoe molding between the baseboards and floor in all the other rooms.

Thanks.

Thanks @Joel Owens.  I'm willing to pay for the data but want to know what other sources out there, other than Costar, have retail data.  Do you have any suggestions for that?  Costar is very expensive and I'm willing to compromise some on quality/quantity of data for a lower price.

Other than Costar and talking with brokers, does anyone know of other databases/sources that have retail rent data?  I want to run some scenarios of increased revenue if I were to renovate a strip center and increase rents.  For instance, how much do the Dunkins in the area pay?  How much do certain mom and pops (nails, barbers, etc.) in similar properties pay?

@David K. & @Scott M. You all make good points.  The awning above the porch is metal but would still give me a good reason to say no to grills.  And yes, the window is vinyl and may get damaged by a grill in use.  Other than the back porch, there's no reasonable place to store and use a grill so I'm going to forbid them in the lease.  Thanks

One of the house rules and regulations ezlandlordforms.com gives me the option to choose to put in the lease is: 

"Charcoal and Gas Barbecue grills may not be used or stored on any patios, porches, and/or landings."

My unit is a rowhouse and I don't see a problem with a tenant storing a grill in any of these areas behind the house (not in front).  

Is there a problem with this I'm not seeing?

@Ash Fields Good idea.  No clause for professional cleaning as I thought that would cover only normal wear and tear--what's your policy about that?