All Forum Posts by: Ronald Rohde

 have you driven class C self storage? you will find tons of examples, poor signage, little security, worn paint, no one answers the phone, etc. start on google maps, street view, then start driving. you'll know it when you see it.

Public Storage/Extra Space Storage it aint!

what happened on this?

interest rates going down, would increase demand for goods/services, thereby increasing inflation.

That's the theory anyway, but supply side inflation can be plenty dangerous as well.

I think the 2024 outcome will just continue to benefit property holders, if you already own, just sit tight.

 Yes, if anything its easier since no residential restrictions. savvy participants.

Harder because you have to know how to present a property, typically have to spend on chase costs prior to assigning. Also if you burn a seller/broker, its a much smaller world in CRE, you will be hard pressed to get another deal.

I did a longer video on the topic!

Need a creditor attorney ASAP, lenders are generally first for proceeds, but they absolutely will approve a plan you don't love.

Still holding pretty strong, sellers just feel bad if they missed the peak, but overall demand is still there!

I think you're underestimating build out costs. $10/ft isnt enough for glass walls, plumbing, lighting. You're barely doing new carpet, paint and replacing some doors on that budget.

The issue (at least in DFW) is that B class doesn't lease at all. You can't give it away because no one wants to come. Class C is already cheaper and can cut pricing even more. Fixing a class B doesn't produce amenities that Class A offers, otherwise you're losing sq ft if you add a gym/shower, etc.

Anyway, happy to get updates, but I think your leasing will be at 0 for 12 months. Get it under contract, ask for all the leasing leads, why hasn't this seller signed anyone?

 thats a lease structure, but can apply to any asset. Asset type is a function of the building type, tenant use, zoning.

Industrial

Retail

Office?

what asset class?

You can't change title if they came in under their EIN, I suppose you can convey your interests into an LLC, is that what you want?