All Forum Posts by: Ronald Rohde
Ronald Rohde has started 17 posts and replied 5107 times.
Post: Who does repairs in NNN
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,328
- Votes 2,251
Quote from @Eliott Elias:
A triple net lease should hold the tenant responsible for all maintenance. Check your lease for exclusions.
And LL responsible for capex.
Its a wonderfully blurry line, only lawyers can help you read it
Post: Expand Private Investor Network for Industrial Flex Investments in Texas
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,328
- Votes 2,251
Wanna buy 43k sq ft, multi tenant in Dallas? Right off 75, fully leased.
Post: Attorney in Texas recommendation
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,328
- Votes 2,251
We can help. Whats the asset type?
Post: Turn around on Construction plans for a 3 unit design
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,328
- Votes 2,251
Terminate, thats too long.
Post: How can I find a Commercial Lender for a Rooming House (12 rooms)??
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,328
- Votes 2,251
What local bank do you use for operating? You've got 3 strikes against you, non standard use, remote collateral, and you live out of state.
Start dialing!
Post: Do you have any personal rules for when to file an insurance claim?
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,328
- Votes 2,251
The answer is yes, you need to develop your own internal policies on what should be repaired out of pocket vs filing a claim.
If you find lots of broken window type repairs, you are better suited to adjust your tenants or something you're doing to minimize the harm. If you want a rule of thumb, most people try not to file any claims. Its a long, tedious process that only pays off for casaulty losses that could be an entire roof, foundation, fire, vehicle crashes into structure, etc.
Post: Texas Property Tax Protest Success
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,328
- Votes 2,251
Quote from @Derrek H.:
Quote from @Ronald Rohde:
We just accepted a settlement for reduction of $42k on a $500k property. Well worth it
Hi Ronald Rohde, I know this post was from 4 years ago, but curious to know if you used a tax protest company and who it was? Thank you!
Wow, I have to think. I'd say O Connor does a ton, if it was $500k i'd say it really doesn't matter. Just look for the lowest percent charged, and get someone with a later hearing date. Those have better comps of prior reductions.
Post: First time Commercial RE buyer
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,328
- Votes 2,251
What is the lease rent vs market? Then I care about cap rate, debt costs, Cash on Cash.
Post: when looking for self storages
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,328
- Votes 2,251
Quote from @Lilly Shamam:
@Andres M Reyes There are many suburban and rural areas that have no storage facilities and would require you to find a large lot and build. That's a very good reason to build and not buy existing. In the last few years many people are downsizing and need the storage option so demand is there.
I know a great lender who just funded one for a client of mine in Fishkill, NY which just broke ground. Let me know if you need his assistance and I'll send it over.
whats a suburban area that has no self storage? I thought they move in right after houses and before McDonalds!
Post: NNN LEASES -INSURANCE RESPONSIBILITY QUESTIONS
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,328
- Votes 2,251
Quote from @Cindy Zhang:
Hello!
Wondering if I can get clarity on the following insurance questions for commercial property with NNN leases.
1) Tenant - must purchase commercial general liability insurance for building naming the landlord as the additional insurer.
2) landlord - has to have property insurance as well as commercial general liability insurance as well?
Does the tenant pay for all of the above then for NNN or is that negotiated and written clearly on the lease if tenant pays for what premiums?
Maybe some landlords out there can help?
This is a grey area where I have asked around and can't seem to get a straight answer.
Thank you!
Are you asking as a tenant or landlord? If LL, you'll often have an overlay of requirements on insurance from your lender.