All Forum Posts by: Ronald Rohde

 When you say model, I take that to mean forcasting. Would I be correct?

I am also interested in learning more about this asset class. Happy to connect. 

@Ronald Rohde If you are open to it I'd be interested in asking you a few questions about your parking assets as well. 

Really this is bad that they are bringing you in with no experience. Any good developer hires an experienced leasing broker or has an in house team lead with lots of experience to guide you. Same with if the owner uses an outside brokerage.

On my deals to get leased up I would never use a newbie unsupervised. That could cost me big money on the lease up and quality of tenant. Now if an experienced retail leasing broker 15 to 20 years in has their assistant they are training up do heavy lifting with calls and follow up I am okay with that as long as the experienced one is watching over them.

Some of you have mentioned the word underwriting. Just so I am clear, do you mean due diligence or are you referring to the way you structure the lease terms? 

In Retail Commercial why is there a need for property management if the leases are NNN?

Just wanted to give everyone an update on the deal.  As you know rates have been going up and the heloc is currently at 6.74% instead of the original 5.99%.  I expect that rate to continue to climb beyond the cap rate.  So the strategy now is to put a traditional loan on the property at 5.99% and pull roughly $400K money back out. This new loan should close in 15 days.  This way I still have a 1% spread and some cash flow from the property.  I will take the $400K and pay off the heloc and the rest I will put in my bank account.  Perhaps invest in a short term CD like 3 months before I deploy the capital again.