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All Forum Posts by: Ronald Rohde

Ronald Rohde has started 16 posts and replied 4931 times.

Post: Adding storage sheds to 7plex

Ronald Rohde
Pro Member
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,144
  • Votes 2,135

Yep it sounds like a good income add if you have the space, how do you maintain them? secure and clean them? stolen?

Post: Self Storage- Who is Sam XXXX?

Ronald Rohde
Pro Member
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,144
  • Votes 2,135

Do you ever worry about your safety? like kidnappings?

Post: Self Storage- Who is Sam XXXX?

Ronald Rohde
Pro Member
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,144
  • Votes 2,135

Did you get it squashed? If you don't have relevant testimony, you can file a motion to squash the subpoena.

Post: Mirco Commerical Spaces

Ronald Rohde
Pro Member
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,144
  • Votes 2,135

1,500 sqft is about minimum, lease fast, lots of turnover, always in demand

Post: AI-powered commercial real estate due diligence and compliance

Ronald Rohde
Pro Member
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,144
  • Votes 2,135

not useful. good due diligence is created, not reviewed

Post: Common Surveys Performed During Diligence

Ronald Rohde
Pro Member
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,144
  • Votes 2,135
Quote from @Tatenda Mpofu:

A quick search suggested that the following surveys could be completed in the diligence phase of self storage facility acquisition

  1. Boundary Survey
  2. ALTA/NSPS Land Title Survey
  3. Topographic Survey
  4. Site Planning Survey
  5. Floodplain Survey
  6. As-Built Survey

I'm curious which of these are necessary versus nice to have


 ALTA/NSPS is critical, topo is useful for understanding drainage but some details can indicate that on an ALTA if you specify on Table A. topo needed if you're going to build anything on the excess land.

as builts are quite useful for improved property. You will get dimensions, type, major features, etc. cheap and fast I always get them.

The rest are either contained in a Table A or not needed IMO. Did you check FEMA online for flood plain? If yes, you'll need the elevation certificate.

Post: Commercial Real Estate Sales Associate

Ronald Rohde
Pro Member
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,144
  • Votes 2,135

is that a chatgpt intro? haha

Post: Tenant behind on his rent

Ronald Rohde
Pro Member
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,144
  • Votes 2,135
Quote from @John McKee:

This tenant was inherited from the seller so there is no way of knowing their intentions.  Anyone have any commercial tenant experience with collections and having success.  Love to hear your story, costs, hurdles, and timeline.  


 How much time do you have???

Post: Cash Out Refi CRE Purchase

Ronald Rohde
Pro Member
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,144
  • Votes 2,135

What debt has he previously had on it?

None of this is useful without knowing the age/quality and ease of replacement tenant if it goes dark. Is the loan smaller than dad's net worth?

I say term of loan co-terminus to lease length if credit tenant. 20 year AM up to 70% LTV

Post: Tenant behind on his rent

Ronald Rohde
Pro Member
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,144
  • Votes 2,135

I'd try to collect too, is it PG?