6 October 2024 | 1 reply
We intend on doing 6-12 month furnished leases due to the neighborhood it's in.
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13 October 2024 | 9 replies
The average price per land for urban infill going 6-12 stories high on a higher density product is about 5 million an acre up to about 25 million an acre. downtown market premiums I've seen at the highest are 1200 a sq ft. in columbus you can get land about 1.5 million per acre downtown at best price, sells for about 600 a sq ft max, very little competition compared to miami. tampa I didn't really look at too much because miami has 22 zip codes that you can build at least 6 or 8 stories on and just a much better landscape than other markets. tampa is a little bit bigger than columbus but in my opinion more of a suburban market. miami is landlocked and very limited so everything is in redevelopment. both are amazing opportunities but the barrier to entry is much higher in Miami with the smallest plots of land infill going for at least 1.5 million I would say in areas like Wynwood Norte, Wynwood, etc. we looked all over but prefer east of 95 due to the condominium opportunities. multifamily is very strong in both markets but the condo premiums make it almost silly not to do one from the start and the use of deposits versus a single asset lease up and disposition is a longer sales cycle than the condo buildings being sold out prior to completion.
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9 October 2024 | 4 replies
The lease agreement has a clause that acknowledges that the property is part of an HOA and that tenant indemnifies the landlord from non-performance ("hold harmless" clause).
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9 October 2024 | 8 replies
In Maryland, there is no statewide law that sets a specific limit on late fees in commercial leases.
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11 October 2024 | 11 replies
I also have a few leasing agents and buyers agents that have my information and get a lot of mid term rentals that way.
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9 October 2024 | 13 replies
I've been using various lease option strategies for 30 years.
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9 October 2024 | 8 replies
If we could use the other items I listed, we are right there.
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10 October 2024 | 19 replies
Are the leases even valid, if they are not signed by you or your property manager?
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9 October 2024 | 2 replies
As a GC I can advise try to retain control of your finishing material orders (anything where you need to make a choice ((tile, flooring, lites, faucets, tubs)) vs. construction materials (2x4s, mortar, shingles)) because we get those discounts on the finishing items and we keep them!
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9 October 2024 | 16 replies
Question: what is the $2k for re-leasing costs?