All Forum Posts by: Vic Reddy

Naveen - Several of my clients use Old Republic, One Guard & Fidelity home warranty. Get quotes & check coverage fine print 

Naveen Are u looking for residential (1 -4 units, SFH) or commercial lender?

Contact Sean Clemmensen at Tiago Title in Plano. You can Google for his contact info

Does the deal still workout if you remove the pool? Get a quote to remove the pool Pool requires weekly maintenance, additional utility expenses, additional insurance expense and liability

Liz U Michael Mayes @ Red Team offers great Property management to several of my clients Investors looking in Dallas Fortworth Metroplex can contact me for rental properties

There are new build duplex homes in the last 5-15yrs spread across the neighborhood close to Austin college. Students prefer these newer duplexes. These cash flow well and also sell quickly. 

Student housing near Austin College do well.  There are several duplexes in close vicinity that cash flow. Sherman has been pretty stable rental market, especially close to Austin College.

Yes, this is generous termination clause that I would never agree to :) Lease says 3-month notice and 2-month rent for early termination.  Lease is signed by national tenant and they offer wealth management and financial adviser services.

Hi,

We are evaluating an Office space for sale with an existing tenant in place. Tenant signed a 5-yr lease with one 5-yr option to extend and right now, they are in the first year of lease. Tenant is a national franchise chain and they are doing well nation wide. We want to make sure tenant doesn't break the lease. Right now the lease agreement says they can break the lease with 2-month rent payment.

Generally for retail spaces, we would consider tenants Sales volume, P&L to access the viability of tenant's business. This Office tenant may not be open give these details to us. 

What due diligence can we check with this tenant? Any suggestions?

Thanks

Jon U can request ur realtor to list on MLS and this will push the rental listing to all RE websites like Zillow, Trulia, Hotpads, realtor etc Generally most of the leads come from first 3 websites and also via MLS from other tenant agents.