| Subject | Date Asked | Expert |
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| Comparing Multi-Family Homes | 11/11/2009 | Troy Labani |
Q: Troy, I live in the Boston area and am interested in buying multi-family homes. Aside from ...
A: Jena, I am typically much faster at responding to questions. I have been very busy lately, and so ...
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| Refinance of office condo | 11/10/2009 | Terrence Cullen |
Q: I am considering refinancing my office condo. I opened a business about a year ago but was forced to ...
A: You don't qualify for a short sale, but that doesn't mean you can't sell it below value. It only ...
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| Refinance of office condo | 11/9/2009 | Terrence Cullen |
Q: I am considering refinancing my office condo. I opened a business about a year ago but was forced to ...
A: Your current lender has been very accommodating concerning the economic climate. Without having a ...
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| Late fees on Commercial Leases | 10/30/2009 | Jim Avancena |
Q: Avacena, My parents have a commercial property in Washington DC and I was curious to know if there ...
A: Debora- I do no residential work whatsoever and I am unfamiliar with the "L%26T Guideline" for ...
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| Late fees on Commercial Leases | 10/27/2009 | Jim Avancena |
Q: Avacena, My parents have a commercial property in Washington DC and I was curious to know if there ...
A: Deb- You should check the website for the District of Columbia Government as they have several ...
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| commercial lease | 10/27/2009 | Jim Avancena |
Q: I trusted my landlord, but questioned repeatedly the sq.ft. of my space. He kept saying the arial ...
A: Mary- You need to check on a few things about your lease, especially regarding your measurement. ...
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| CAM Calculation | 10/22/2009 | Jim Avancena |
Q: I started my commercial lease in 2007 and that's also the first year during which on 6/15/07 my ...
A: Bill: You confirmed that the landlord uses a cash accounting method. Landlords have often ...
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| CAM Calculation | 10/21/2009 | Jim Avancena |
Q: I started my commercial lease in 2007 and that's also the first year during which on 6/15/07 my ...
A: Bill- The complete answer to your question could be very long and extended; far to much to detail ...
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| Landlord Locked Us Out | 10/18/2009 | Jim Avancena |
Q: We have a commercial lease that ends on Nov. 30, 2009 in which case due to a fire in an adjacent ...
A: Brenda: There is much information in your question, however, there are a massive amount of ...
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| Commercial lease renewal | 10/16/2009 | Jim Avancena |
Q: This may be a legal question, but I would still be interested in hearing your gut feeling. ...
A: Tom: I am not an attorney so I cannot advise you as a legal matter. Your landlord apparently ...
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| Finding commercial short sales | 10/16/2009 | Brian Bocchieri |
Q: Brian, What are some ways to locate commercial short sales? I have an investor with a large pool ...
A: Helllo Mark; At this time there is a massive shoe about to be dropped in the commercial market not ...
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| New Construction Investors | 10/15/2009 | Brian Bocchieri |
Q: I'm interested in starting my own business a daycare - and it requires building and land ...
A: I am guessing you are not going the franchise route like Kindercare, Goddard school or others. You ...
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| when to give a rental break? | 10/12/2009 | Jim Avancena |
Q: we are landlords and a tenant who wants a rent concession is down 20% of her gross income. is there ...
A: Georgia: I believe that this recession has put landlords and tenants both in the position of having ...
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| subway | 10/11/2009 | Jim Avancena |
Q: We just received a summons from a big Mall against my husband and myself as well as Subway for ...
A: Jackie- I wish I could be of help, however, I am not an attorney. It sounds as if the gravity of ...
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| Buying out Partner | 10/6/2009 | Troy Labani |
Q: My brother and I are going in on a property together. If one of us decides to get out in the future, ...
A: Jason, There are several ways in which to "own" property. The structure that you use has an affect ...
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| cam charges | 10/4/2009 | Phil Nicols |
Q: My commercial lease expired on January 2009, and we did not renew our lease but stayed month-month ...
A: YES! Nobody is holding a gun to your head. You could have left but it was your decision to stay. ...
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| CAM charges | 10/2/2009 | Jim Avancena |
Q: We lease 3 separate suites in a small shopping center. We just received a bill for 2008 CAM charges ...
A: Mr. Jenkins: The answer to you question depends on the details of what was done in both instances ...
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| Sell commercial real estate at a loss? | 9/21/2009 | Mike Fortunato |
Q: I purchased a small commercial office ($1000/sq ft) in the Trenton, NJ area to run my small business ...
A: Unfortunately, I don't know of an online investment calculator that would be of any help. Simple ...
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| Sell commercial real estate at a loss? | 9/21/2009 | Mike Fortunato |
Q: I purchased a small commercial office ($1000/sq ft) in the Trenton, NJ area to run my small business ...
A: In simple terms, if you sell for $140K, less the costs to sell (commissions/costs), and less the ...
|
| LLC formation | 9/20/2009 | Mike Fortunato |
Q: I have 16 units I just acquired over the last 9 months (7 unit, 4 unit, 2 unit, 3 single family ...
A: You'll need the advice of a tax attorney on this, but many investors choose LLC's to hold their ...
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| Administrative fees | 9/13/2009 | Mike Fortunato |
Q: Is it common for a landlord to layer fees such as admin fee, management fees, ...
A: Sometimes there are various fees which are legitimate, but I'm unable to determine what is ...
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| Cam Charge | 9/10/2009 | Jim Avancena |
Q: Our Cam Charges have increased 3 times the original amount in 6 Years. I questioned the Property ...
A: Dave- Suck it up buddy. Usually $80,000 is considered a capital expense. I would not consider it ...
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| evicted | 9/10/2009 | Phil Nicols |
Q: I leased a space for a hand car wash and in the past few months we had nothing but rain. Due to the ...
A: Suad So, it rained and you have been restrained... In your lease, there should be a section for ...
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| Urgent Bosses late rent | 8/27/2009 | John Smiley |
Q: Our boss has left on "vacation". The rent is 27 days late. I am the administrator, I know where the ...
A: The default provisions (the terms which state what a landlord can do to a tenant when rent is not ...
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| Triple Nets | 8/27/2009 | Stephen A. Cross, CCIM |
Q: I am one year into a 3-year commercial lease. I just received my rent invoice, and our triple nets ...
A: Which operating expenses (a/k/a Triple Net, or 'NNN' expenses) can be passed through to tenants, as ...
|
| commercial r.e. | 8/26/2009 | Mike Fortunato |
Q: Sir, I'm living in europe( Belgium). I have quiet a lot of Hotels and shopping centers for sale in ...
A: I would normally recommend that you utilize the services of a comm4ercial real estate brokerage ...
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| Commercial Real Estate Pre-Foreclosure | 8/24/2009 | Mike Fortunato |
Q: My fiance owns a commercial business (carwash) in NJ (has for the last 25 years). Due to many ...
A: If the lender doesn't get paid, they will likely foreclose. If they don't receive enough money from ...
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| Commercial Real Estate Pre-Foreclosure | 8/23/2009 | Mike Fortunato |
Q: My fiance owns a commercial business (carwash) in NJ (has for the last 25 years). Due to many ...
A: I happen to be dealing with this very same situation for a car wash tenant in one of the properties ...
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| Lease Compensation | 8/16/2009 | John Smiley |
Q: I am a residential agent who recently received 3 commercial lease transaction. I am reading alot of ...
A: When I worked as a commercial leasing agent, if the fees were not stated, I always asked the listing ...
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| Non-renewal of Lease | 8/4/2009 | Jim Avancena |
Q: Our one year lease in the state of Kentucky ended 7/31/09. The August payment due on the 1st ...
A: Brian- I do not know the law in Kentucky, and in your case Kentucky law is the only law that applies ...
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| Error in square footage stated in lease | 7/31/2009 | Jim Avancena |
Q: Jim, 5 months into a 60-month lease I discovered the space within a suite I rented is 522 sq. ft. ...
A: Barbara- The point is that there should have been a "meeting of the minds" as to what the terms of ...
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| Error in square footage stated in lease | 7/31/2009 | Jim Avancena |
Q: Jim, 5 months into a 60-month lease I discovered the space within a suite I rented is 522 sq. ft. ...
A: Barbara- This is a very common surprise for many tenants. I will skip the historical explanations ...
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| Dubai or India? | 7/26/2009 | Peter Liebert, SIOR |
Q: I am an Indian expatriate living in Dubai and I don't have the first clue about real estate ...
A: Satish, we have seven Colliers offices in India. Let me know which metropolitan area might be of ...
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| Real Estate Investing | 7/23/2009 | Brian Bocchieri |
Q: I am getting into real estate and I want to start pooling funds together to purchase an investment ...
A: Yes there are rules you will need to follow (ask your attorney) in order to raise money you will ...
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| Raising CAM fees | 7/22/2009 | Mike Fortunato |
Q: What advice do you have from a commercial property management perspective for raising CAM fees if ...
A: Most commercial leases allow you to charge the tenants an estimated monthly CAM charge (based on a ...
|
| Raising CAM fees | 7/22/2009 | Mike Fortunato |
Q: What advice do you have from a commercial property management perspective for raising CAM fees if ...
A: As you might imagine, particularly in this market when tenants' businesses are suffering, a 50% CAM ...
|
| CAM reconciliation for mixed-use projects | 7/18/2009 | Jim Avancena |
Q: Do you know of good guidelines for expense recovery language for mixed-use office/retail buildings? ...
A: Bonita- This is a rather complex subject. However, there is a paperback book titled: "The ...
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| Thinking | 7/18/2009 | Dennis Herman |
Q: I never owned property before. I just have been using master card for over 15 years. I know I have ...
A: We may have already seen the bottom on the Real Estate Market. Prices have been on the rise for the ...
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| Thinking | 7/18/2009 | Mike Fortunato |
Q: I never owned property before. I just have been using master card for over 15 years. I know I have ...
A: You'll need to refine your goals a bit more before I can comment further, but overall your plan is ...
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| Thinking | 7/18/2009 | Jim Avancena |
Q: I never owned property before. I just have been using master card for over 15 years. I know I have ...
A: Karam- There are entire books written everyday advising people how to make profit and cash flow ...
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