I own a commercial building with NNN leases in place. The building has awnings present only above the first unit. Should repairing/replacing these awnings be covered with CAM associated fees or should the tenant in sa...
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 typ...
Say there is a 4 unit property where each unit is the same size. 3 of the 4 units are occupied the entire year and the remaining unit is vacant the entire year. Total CAM charges are $100,000. Is the proper allocation...
Hi BP
I wanted to get your opinion on what is included in Common Area Maintenance fees (CAMs). I know that most if not all fees for the maintenance and care of the property are included. However one thing I am wonderi...
Commercial property management company charges 5% of monthly gross income as its fee, which includes CAM income. The tenant's lease is NNN and property management fees are considered a CAM charge. If the tenant is pay...
The issue of HOA Transfer Fees is a nationwide practice to be questioned.If you closed on a home in an HOA you most likely noticed a few line items that are, well, just there. Ask for an explanation of the fee and yo...
Questions about rental insurance policies: 1. How much do you insure your homes for if the purchase price is under $100K? Do you cover just liability? 2. Are there other insurance companies out there that cover re...
Good Morning Biggerpockets!
I am fairly experienced in residential multifamily investing, done a few flips, own 10 rentals, 4 buildings. Recently through networking I was offered a off market 15 unit strip mall that ...
Fellow BP members who are commercial landlords & PM: Out of 100 tenants, how many of your tenants would pay the adjustable CAM at the end of the year? Any strategies to share? Thanks!
Coming from owning only multifamily properties, what do I need to know or where can I find info on what goes into owning/operating a building with NNN leases?I am looking for multi-tenant commercial retail/shopping ce...