All Forum Posts by: Carol Lee

 @Joel Owens @Rob Boese 

Thank you both for your advise and input! Back to the drawer board!

@sam zdrum

Thank you Sam for letting me use your computer!

CL

@Jon Holdman @Greg V.

Thank you gentleman! This really helps. Keep the advice coming please!

Hi all!

          I am now exploring the idea of opening a bakery snack retail store. Currently in the process of looking for the perfect location.  I have no experience in commercial terminology and seeking help from my fellow BPs family. I found a good spot in a shopping strip. The strip is newly built and 80 % finished on the inside. From their website, the stats are listed as this:

My interest is the 900 sq. ft. unit.

Can someone explain to me what these terms are? Rent rate , NNN and how I am suppose to calculate them.

Also, when I sit down to talk to agent/owner, what question should I be asking and keywords I should be looking for from them? Hidden charges?  My plan is a 3 year lease with a  Bakery snack retail store that will serve slice cakes, frozen smoothies and snacks.

I don't want to go in sounding like a newbie (eventho I am) and be taking advantage of.

Thank you all for your time and support,

CL

@Bill Gulley undefined. Thank you Bill for showing me the corners! Bp is very lucky as am I to have you here helping others. I will do my due diligence now that I know what to look for.

@Bill Gulley undefined

I received an email asking if I would honor a corporate lease. She explained she is a head of some medical department for a hospital and that the hospital will pay for her stay during the year. Is this considered a commercial type lease? sorry, i'm used to renting to single families so I don't know what is expected of me as a corporate lessor. thank you all for your time

@Bill Gulley

@Robert Steele Yes Sir. It is a hospital. The tenant is like a head of department.

Sorry guys, i'm still new with posting here

@bill

@Bill Gulley undefined

and @Robert s

@Robert Steele undefined

@Bill Gulley and @Robert Steele

Yes Sir. It is a hospital. The tenant is like a head of department.

Okey dokie! Just got an email asking if my property will honor corporate leasing.

I have only lease to single family in the past.

What do I need to expect from a corporate lease? What questions should I be asking? Do they generally expect a furnished home?

Thank you ya!

Happy New Year everyone!

I recently purchased an investment property and will be inherenting a family with 2 pitbulls.

Please advice on how I should word a clause in the contract to protect myself as a landlord with such breed of dogs.

I usually rent to family with small pets so this is new to me.

Should I get extra home owner insurance?

Wishing you all a healthy and prosperous 2014!!