All Forum Posts by: Dave Sanders

@Chris Gaffney, thank you as well for your reply. They more I am researching (along with your response) the more I am leaning toward a property manager. This is in hopes to not only save money in the long run, but to also learn as much as possible along the way. Thanks again for the valuable input.

Thank you Jonathan, that's good to know. Yes, the property is already leased and fairly new (less than 10 yrs). My main concern is, of course, to keep the property leased and the tenants happy as to try and reduce turnover. I considered trying to join network group to meet more people in the industry as my tenants. That might allow me to lease the property up myself and save money. Do you have any recommendations on certifications or training I can take to help with commercial property mgmt or is it more of a learning as you go type thing? Thanks

I am in the process of entering into my first commercial real estate deal. The deals I am looking at are in the medical office space with up to three tenants. I was considering managing the property myself, rather than hiring a prop mgmt company to do it. I have been reading up on the various lease options (NNN, Gross, Mod-Gross) as well as reading a lot of online material to see all that is involved with managing a commercial office property. Can anyone offer advice or point me into a direction or two to help me along. Thanks BP folks!

Chet, we selected the TIC due to 1031 monies and IRS regulations.

Thank you Bill for your input. Very valuable. There are a lot of things to consider and research. The TIC structure was selected due to the other owner bringing in 1031 monies and to not violate IRS rules regarding identical SS#s for the sold-new property. Also, we both bring in complementary skills to the TIC. We are in the process of working with attorney drafting the TIC agreement and are ironing out as many wrinkles as we can.

Thanks David that is very helpful. Any suggestions on how to record that? I assume it is something that me and the other member monitor as it progresses, but wondering if you had anything else in mind. Also, if there is appreciation of the property, do you have suggestions on how to handle that when it comes to increasing my ownership? Thank you again so much.

Hi all, I am hoping I am posting this to the right thread, if it even matters. I am new to CRE and am in the process of entering into a TIC structure to purchase a CRE property. Currently, there are two of us in the TIC, with disproportionate ownership percentages. 70/30 (me) currently. Does anyone have any suggestions on how I can increase my ownership? I would like to eventually get to 50/50. I have heard of possibly paying for a larger percent of the expense and taking little to none of the profits until the ownership is 50/50. Any help you can provide would be very helpful. Thank you in advance.

Hi all, I am new to the site but know from friends that this site is very useful and that subscribers are helpful. I am new in real estate investing, and am looking forward to everyone's expertise, and I hope I can add some value for you all as well.

Dave