Hi all,I'm doing an analysis on a 30k SF retail strip center and wanted to ask how much PSF do you typically budget for: - leasing commissions (property is 90% occupied as of now)-capx / reservesAnd lastly, do you typically pass the property management fees through the cam so the tenants pay for it or is it an owner expense?

Asked 2-3 other contractors I know and got different responses but all seemed to revolve around the pricing going much higher because they would be pulling permits for the entire job- not just a part of the rehab.Obviously, this will cut into my profit.

I have a general understanding what a property manager is but my questions revolve more around how much or how little can you hire them to do.Can you still maintain some control over who they rent to and maintenance issues?

One a standard lease and the other drawn up by an attorney. 1 is paying CAM plus T&I.

Cam reports and to see leases and all that paperwork.

Something to consider, do you really want to make a tenant mad over $35 / year if it is not clear in the lease and was not explained before signing.In commercial leases, back flow testing usually falls into a tenant specific responsibility or is treated as a CAM. 

The lease structured such that landlord has no responsibilities for property level expenses such as taxes, insurance , or CAM/maintenance costs and the tenant will manage the property/pay the expenses themselves.

My questions revolve around converting an existing building to Self Storage.How do you assess the market viability of adding self storage to an area?

In one other transaction we entered into the borrower was involved in a number of "undisclosed" transactions revolving around financiings with the help of an escrow officer of the title co.

Or do I also need to get revolving lines?