All Forum Posts by: Clement Ndifor

 thanks for the idea, lots for me to consider.

still putting in my offer, so some of these figures are not yet known. 

Doing my due diligence. 

 both.

Frederick Md

 I want to figure out good strategy to figure out rent for myself and tenant who will occupy other space. 

what factors should I consider when pricing my commercial property?

I am doing my due diligence on a commercial building I want to buy for owner occupied usage.

I'm looking to buy for $830,000 at $286/SF

it's essentially a 50-50 split with about 300SF being public space hallways and foyer.

I am looking for advice on how to price this property for the other unit I want to rent. 

Obviously I want to collect as much rent I can to reduce the balance left to me on the mortgage, but I don't want to be greedy, I want a perspective of what I could consider fair market price for space before I factor in my market. 

 you got screwed over on the purchase.  Your realtor was supposed to make sure you had all that information during the purchase.  I just sold my property with solar panels and we gave the new owner all the warranty information.  I dont know how dusty your part of the world is but I know California can get dusty, however panels don't really need cleaning as the occasional one rainfall a year minimum will get your panels clean.  A roof is significantly higher up than a ground mount and should avoid enough dust. 

I would love to help explore getting your system back under a warranty with a new company if you don't mind going down that route?

 Bummer.  Have you looked to get the warranty transferred to another company?  Getting a reliable company for solar is huge as it is a long-term investment. 

 That's a great scenario where you should consider solar for your properties John.  

Never lease for me as you never have the opportunity to own.  

Lease is only good for NGOs as that is the only real way for them to go solar. 

Purchase due to tax credits but you can leverage government support programs as a business owner depending on the size of your property. 

I would be glad to offer you a consultation.

As someone told me recently, only let the numbers determine what you do.

 Then you wouldn't take solar if it doesn't make sense to you.  Solar has to make sense or there is no reason to force it.  That is why I point out that misinformation is the biggest thing deterring solar right now, people come in with too many wrong assumptions due to the great job power companies do tricking their clients.  

That is why everyone is doing themselves a disservice if they have not looked at the numbers for solar on their investment.   It is essentially throwing away money.  As a person in real estate equity is the number 1 number we focus on similar to a kitchen rehab or room which is questionable equity but solar guarantees additional equity and no need to trust a contractor with savings from day one. 

It doesn't have to be a problem, but it could be an answer.  The added equity that solar gives is a bonus.  Knowing that each passing year you are also owning more of the utility cost that your property will generate is a bonus.  As you go along passing on those savings to your tenants will be something that I'm sure they will smile about.  

If you know you will have to go solar eventually, why wait till you have to rather than see how you can monetize it today?  I think your resistance from your tone of voice is in being pushed in a direction you don't feel comfortable with, so I would rather urge you to explore what would make it a need for you so you can get yourself prepared for the curve. 

The biggest problem with solar is financing it is costly upfront, but again use the same principles for why we buy a home, and apply that to buying your energy.