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10 August 2024 | 8 replies
In theory you could also recover 1/6th of the CAM costs, too, but in my very limited experience with mixed use, the first floor commercial could very well push back on that, since they very well may not be utilizing almost any of the common area, depending on building layout.CAM would come from any number of places, commonly:Cleaning and utilities for any common lobby.Window cleaning for the buildingParking lot maintenanceLandscapingCommon HVAC maintenance, i.e. if a single furnace heats multiple spacesUltimately, you will want to be talking with either a commercial leasing agent or an attorney that specializes on commercial leases.One thing to note, while NNN leases are generally great, there is certainly work for you on a semi consistent basis, in creating the monthly escrow amounts and annual reconciliation.
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9 August 2024 | 1 reply
@Tiffany Tran This question seems pretty location specific since every municipality has their own rules, I would recommend reaching out to someone who specializes in Philly, or perhaps posting in the classifieds asking for legal help in the Philly area!
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10 August 2024 | 8 replies
I also recommend hiring an accountant that specializes real estate taxation.
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9 August 2024 | 6 replies
For the management of the renovations, I've come to realize that this is a service provided by many property management companies regularly, included with the regular management charge, so nothing very special there.
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9 August 2024 | 5 replies
A really good episode of the Bigger Pockets Podcast on YouTube recently features an investor specializing in mobile homes.
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7 August 2024 | 3 replies
When the former homeowner dies, or leaves the property to live in assisted living/nursing home, I take possession of the property.
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8 August 2024 | 9 replies
But an even bigger reason why the numbers are skewed is that a huge chunk of the overall crime is committed by the 19 million visitors to Myrtle Beach each year (think drunk driving, drug possession, etc) and of course tourists don't get factored into the full-time resident population.
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9 August 2024 | 6 replies
I'm a new real estate investor specializing in multifamily rental properties.
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8 August 2024 | 14 replies
Key drivers of the HOA fee increases have been insurance and special assessments.
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9 August 2024 | 16 replies
Different coaches specialize in different things, we specialize in accredited investors buying off market properties, with little down, for instance.