Hello colleagues,The fire Marshall recently conducted a review of an 8 unit, 3 storied old building in Palo Alto, CA  that I manage.He has specifically called out for several corrections.

Now, each lease will be unique, so you can't apply this across all commercial leases, but commonly, LL is responsible for exterior and structural components, while tenant is reponsible for any interior items.How to best explain this: honestly, I would request the tenants have their own legal counsel review their respective leases.  

The challenge is if an appraiser does something like $100,000+, it still has to go through a secondary review with the lender.

Did you miss it too in reviewing the paperwork? 

The best down to nail down the value is to review the financials, look at comps, and get an appraisal.

@Jaime RamirezYou should share the listing so we can review how it is being presented.  

NCREIF produced the first property level return index, the NCREIF Property Index (NPI), dating back to 1978 tocapture investment performance records that meet the rigorous scrutiny and review of major investors and academia.What is the NFI-ODCE?

Customer reviews are always helpful, but this is another tool in your belt for vetting companies.

Occupancy has remained strong and PadSplit is hitting new booking records regularly.Here are some articles to review in the meantime:1. https://www.padsplit.com/host-resources/news/how-affordable-...2. https://www.padsplit.com/host-resources/news/why-padsplit-is...

I start off all my rentals as STR to build up reviews and then covert them to midterm.