All Forum Posts by: Colton Luchsinger

Not gonna lie, I got a good chuckle out of this.

Enjoy the rest of your day!

Good Afternoon Collin,

There are a couple pros and cons to having retail bays mixed with multifamily units. 

Such Pros would be:

1. Retail Tenants usually have lease terms between 3-10 years (sometimes more!)  and can sublease/assign to fill in for minor vacancy rates. This means more longevity of passive income, and brings the value of the property up.

2. They bring the benefits of business clients and tend to keep their spaces in a nicer condition as their they need to maintain a professional image.

3. Usually in the leases, they pay a prorata share of Insurance, Taxes, and CAM's (Common Area Maintenance) with the other retail tenants. This reduces the Landlords Expenses

4. The property gets classified as a flex space and your profit can survive various droughts as your eggs aren't all in one basket - If you experience high vacancy in the apartment units, the retail tenants can anchor the property without devaluing the property - and vise versa.

Some Cons would be:

1. Most likely have a longer period of vacancy if a retail tenant moves out, but this cycle can be shortened - that is why you have listing brokers like myself to find you tenants - because in most cases the fee you pay a broker will out-way the costs of having the space sit unused while you try to network and fill the space on your own. We can advertise to over 500+ agents in town and potential business leads in my brokerage.

2. When leases expire, sometimes the business will hire a broker to renegotiate the terms of a new lease with you. Sometimes it's easier to accept some of their demands just to keep them in the space and keep your income generating. 

3. When you get into the details a lease, you have to figure who's going to be paying for what and how much (utilities, HVAC/property fixture repairs, tenant improvements/build-outs (T.I.'s), common area maintenance,  etc) which your broker can use as leverage in negotiations with the Ten. Rep. Broker. 

This is just off the top of my mind when I think about Tenant Representation and Landlord Representation issues that arise when one party submits a Letter of Intent.

Good Day BP,

I'm actively working with buyers for multifamily and commercial properties in Nebraska/Midwest. 

I have a summarized report readily available for properties if anyone is interested in more information.

Let me know if I can assist!

Thanks!

It seems these guys have it on the residential side

Charles,

I specialize in Commercial Real Estate and Multifamily (4+) Units.

If you have any questions or needs on a specific property that falls outside of a SFR, feel free to send me a message.

Glad to have you here,

I'm not in the residential market, mostly commercial. If your ever looking for opportunities to expand your Investments portfolio, commercial properties are a great way to that. Most leases are either 3-5 or 5-10 years, as landowners and tenants are looking for profits over a longer period of time.

Speaking of Podcasts/Talk Shows... find the "Grow Omaha" radio show by Trenton Magid and Jeff Beals. Both are very respected Brokers in my office and whenever they talk, I'm always glued to every word. 

I'd like to forward you to Capitol Accounting, the owners name is Gene and he's been servicing over 500 clients for several decades of his life. Even though he doesn't invest in RE himself, he has plenty of experience in what he does for business owners. 

A quick Google seach and you should be able to contact him

His office is 11220 Fort St #102, Omaha,NE 68164

Good Morning Ms. Danner,

I just wanted to stop by an say hi. It's great to hear that you are looking for a way to take matters into your own hands. Everyday day counts, getting to network is a major component, but what will really shine is your knowledge of our local market. It helps to have an idea of which part of town your looking at, and getting to know the ins and outs of the neighborhood. 

Good Morning BP,

Today is my first day in on BP so...

I figured it wouldn't hurt to get my name out there and introduce myself to you all. My name is Colton Luchsinger and I've recently signed on with a broker for the NE area. I'm 25 and just starting in the commercial real estate industry. I'm looking forwarding to learning more of this fast paced business and grow to serve my clients better to ultimately become an investor myself. 

I do have some questions in regards to holding a RE conversation. 

I've worked in call centers before an none of them required much of a script. As I worked there long enough the conversations became second nature. Now, at my office, I've been helping another agent who has been very busy with other projects, helping him find a tenant for one of his listing. This is my first real experiencing prospecting local businesses so my conversations don't have the confidence behind knowing what I'm talking about. I just don't want to sound like a fool by stumbling over my words and ruining the presentation in such a short amount of time that I have their attention.

So, I'm looking advice, tips, and tricks when; asking for the correct person in the company that I need to speak to in regards to making real estate decisions, seeing if their interested, and finally presenting the offer for the listing.

I know the confidence will come through repetition. Anyone have any personal experiencing or stories relating to this?