We have purchased a shopping center with 20+ tenants. They are on NNN leases. The leases do not specify landlord has to handle fire exit batteries, bulbs, etc. The leases actually say the tenant is responsible for kee...
How much is a reasonable budget for legal cost for small apartment acquisition (20 to 30 units)? Activities may include review/revise contract (any special language addendum outside of standard TAR contract), review t...
Hi all. I've never been involved in this sort of transaction and wanted to get the communities input.
I am negotiating the purchase of a portfolio of 3 SFR Units in Cleveland, ohio. The seller has agreed to an upfro...
I am looking to offer on a multi family property. Currently the owner pays electric for each unit (10 total). Each unit is separately metered and I would like to get them to pay for electric themselves. Looking for ad...
We recently acquired a cmx-1 property and have a small commercial unit. I’m very familiar with residential leases but less familiar with commercial. I’ve worked one up from a few resources.Anyone have specific verbiag...
Hello Everyone, I am currently looking at a deal now to purchase a 6 unit building using an installment sales agreement as the property does have a current mortgage. My question is what sort of language and/or require...
Hey BP,My Wife and I really need your help on this one! We're buying a Duplex in Florida that is currently occupied by Tenants. There is a 12 month lease in place for one unit and the other unit is month to month. ...
Hey Everyone – I’ve been interning this summer at a private lender in the real estate space and have put together some of the tricky concepts that are commonly used. Thought I’d share five that I’ve come to understan...
I have an inherited tenant with a small issue. The garage does not come with their unit. There are 2 parking spots in front of garage door, and 2 on side of house. They constantly park in front of the garage. Both spo...
Hi Everyone!I am looking at putting in an offer for my 1st rental home. It has 2 large units with 4 bedrooms in each unit. It is 85,000, taxes are super low. Rents are $700 in each unit currently. Does anyone have a r...