All Forum Posts by: Ronald Rohde
Ronald Rohde has started 17 posts and replied 5103 times.
Post: Retail Cap rate update!
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
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Retail is a lot of work for that return!
Post: Looking for real estate attorney in Texas! Any recommendations ?
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
What are you looking for? Litigation or transactional? Residential or commercial?
Post: A commercial tenant (retail center) who needs to expand and ask to relocate
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
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Quote from @Courtney Nguyen:
@Tim Delaney and @John McKee I agree the best case scenario will be to take 300 SF out of Cricket and add that to the jewelry store. That is, if Cricket the franchisor will allow. I didn't think of that when talking to Cricket guy. Will bring that up to him this week. Thanks guys.
Does the franchisor need notice? I'd think they typically don't approve that, its not a permission issue. Have you talked to architect on demising wall? is it logical and easy to add?
Post: Self Storage- Making an offer on land
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
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Free dirt is the best dirt! Really common when we're doing projects like that. Tons of dig out for foundations and underground parking garages near my projects
Post: Asked to be Money Partner on Boutique Hotel
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
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Quote from @Nathanial Miletta:
Thanks much to everyone for all of the great feedback.
So, you didn't do it, right?
Post: Advice needed - First time commercial buying
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
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Quote from @Joshua Michael Hauman:
Yes! @John McKee
The amount of deals I've been priced out from 1031 buyers is astronomic. Its a flight to safety with everyone chasing yield.
Why? you can get yield in T bills...this was a refrain during ultra low interest rates, but fixed income products are decent. No need to chase yield anymore
Post: Real estate investing platforms
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
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Prodigy was a crowd funded site, went bankrupt and lost millions of investor capital
Post: Commercial building missing lease
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
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Quote from @Nathan Gesner:
Quote from @Brock Hoffman:
Should we have them try and get a new lease signed with current terms?
This Tenant has been there 10 years with no written lease. I'll bet dollars to donuts his rent is below market and there may be other major concerns. Figure out what you've got first, then deal with it.
I really disagree that is taking a huge risk. Eviction is not free, and if the tenant miraculously produces a lease, you've just overpaid for the property.
Post: Commercial building missing lease
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Quote from @Brock Hoffman:
@Ronald Rohde
Thank you for the response. We our definitely trying to get an estoppel signed as the seller has came out and said the tenant has been there for over 10 years and they do not have any documents supporting the lease. So we can get the estoppel but not the lease. Should we have them try and get a new lease signed with current terms? The seller has been less than helpful so far btw.
Thanks,
Brock
You're under contract, I'd definitely work directly with the Tenant to sign a new lease, or terminate your deal.
Post: Pricing my commercial rent
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Quote from @Clement Ndifor:
Quote from @Ronald Rohde:
You're talking about rent you're charging yourself or third party tenants? What is market?
I want to figure out good strategy to figure out rent for myself and tenant who will occupy other space.
Look at similar properties listed rent you can ghost call the agent to see if they are offering any concessions, TI, etc. For just a single property it shouldn't take too long and not worth it to pay for Costar or something.