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All Forum Posts by: Ronald Rohde

Ronald Rohde has started 17 posts and replied 5089 times.

Post: Commercial rent collection

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,310
  • Votes 2,237
Quote from @Henry Clark:

OP more detail.   How many accounts?  What type of industry or mix?  Are invoices fairly static or always changing?  


great points. I do single tenant industrial NNN, changes once a year, maybe 1-2 odd billing for tax adjustments. Collect about 8-9 checks a month and I'm always dealing with AP or a real estate person for my tenants.

They interface with my full time book keeper.

Post: Small investment into Data Centers

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,310
  • Votes 2,237

Short answer: probably not, just plough it into an ETF or REIT with broad data center exposure.

Post: STR Commercial Lease Takeover?

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,310
  • Votes 2,237
Quote from @Kyle Visher:
Quote from @Ronald Rohde:

how can I short this "investment"?


 Care to say more on this? Happy to discuss more about what you like / don't like about it, curious to hear both sides of the story. 


 Its just a hotel without the national flag or reservation system

Post: Commercial real estate study books

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,310
  • Votes 2,237

Are you just looking in general or for a specific asset class or purpose? I think you will find a lot of general intro books, Peter lineman, Chad griffiths, Ron Rohde all have great books!

Post: STR Commercial Lease Takeover?

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,310
  • Votes 2,237

how can I short this "investment"?

Post: Commercial rent collection

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,310
  • Votes 2,237

Why do you need software? Just ACH works for me

Post: OM, Cap Rate, Performa question

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,310
  • Votes 2,237
Quote from @Henry Hsieh:
Quote from @Ronald Rohde:

I would largely disregard OM numbers. You've got to do your own due diligence and create an offer price. Send it and move on to the next deal.

Gotcha, so instead of focusing on the property focus on the numbers instead.  Once the seller bites then really screen through again?  So do you just do it yourself on the LOI and deal directly with the seller's broker or do you do it yourself?  

Maybe I am overthinking this, but let's say that you got 30 commercial deals in your area, what happens when you finish those offers and you got nothing out of them?  Aren't you in some ways stuck until new deals come out?  Or are you considering a bigger radius to include other states as well?

 I am only focusing on the property numbers, They are same thing. If the seller counters, then we dig in deeper. I use a buyer's broker, but also submit off market myself.

There are 30 deals on market, it would take a month to send and discuss each LOI, in the meantime, new deals come up, off market deals present themselves, plus I've got work to do on my existing assets and the law firm.

I am not a full time capital deployment with $500 m in equity...

Post: OM, Cap Rate, Performa question

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,310
  • Votes 2,237

I would largely disregard OM numbers. You've got to do your own due diligence and create an offer price. Send it and move on to the next deal.

Post: Seller Financing my first self Storage

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,310
  • Votes 2,237

Great advice so far. Just understand what your plan is for the property, loading up debt whether seller fi or not, is not a good plan.

Can you increase NOI? If not, your CoC return just has to be your yield, are you willing to do the deal?

Post: Commercial agents, do I need a buyer agent, and would you be fiduciary to the buyer?

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,310
  • Votes 2,237
Quote from @Diane Perry:

And again, does a buyers agent have a fiduciary responsibility to the buyer as in residential RE?


 Yes typically, but it depends on the agreement.