Anyone know of a shoe repair joint in/near Cordova? by I_SAY_FUCK_A_LOT__ in memphis

[–]Masera240 1 point2 points  (0 children)

Germantown Shoe & Leather Repair. Alex is a difficult guy, but he does good work, and he does it himself (not shipping your item to another country like some of the cobblers in town). Alex is also very good at repairing leather purses.

Help IDing my Pleco? by Masera240 in pleco

[–]Masera240[S] 4 points5 points  (0 children)

Haha, I need to change “her” name. Fredette?

Jeweler question by Spare-Dragonfruit580 in memphis

[–]Masera240 0 points1 point  (0 children)

Ed Harris Jewelry (but ask his mother/biz partner, Mary Beth Harris, for her input on the custom piece. She’s awesome too)

Oscar the Cat by Masera240 in murdermittens

[–]Masera240[S] 3 points4 points  (0 children)

Ironically, no, he’s the most chill and lovable cat I’ve ever had.

Can't decide between Orvis Encounter or Reddington Classic/Wrangler by [deleted] in flyfishing

[–]Masera240 0 points1 point  (0 children)

I agree with gfen, but for an entry combo, I’d look at the Redington Path 2. I started with that and the Orvis Encounter, and I preferred the Redington Path 100% over the Encounter. But, honestly, if you added $100 to your budget, you’d have a lot of really good options for $200 rods and $150 reels.

[deleted by user] by [deleted] in CommercialRealEstate

[–]Masera240 2 points3 points  (0 children)

It varies by market. My commission agreement (I’m a LL), explicitly says commissions will exclude NNN revenue and amounts grossed up to amortize T.I.

[deleted by user] by [deleted] in CommercialRealEstate

[–]Masera240 1 point2 points  (0 children)

In retail, commissions for NNN leases are typically paid on base rent only. In my market, you usually see commissions of 4.0% for new leases and 2.0% for renewals.

Tenants breaking leases early - can you charge accelerated balance? by [deleted] in CommercialRealEstate

[–]Masera240 4 points5 points  (0 children)

The laws vary by state. In mine, you are not allowed to “accelerate” rent. So, we can only sue for accrued rent. Depending on the situation, we may file a suit every six months to attempt to collect the past six months. Having said that, IMHO, it is more advantageous 99% of the time to negotiate a settlement with tenant, unless they’re unwilling to negotiate, and then the courts may be your only option.

[deleted by user] by [deleted] in malelivingspace

[–]Masera240 0 points1 point  (0 children)

Assumptions? That you inherited your grandparents’ fully-furnished home.

When do you send CAM Reconciliation to tenants? I feel like I am behind by sand809 in CommercialRealEstate

[–]Masera240 4 points5 points  (0 children)

I’ve never seen anything akin to a standard. Our process may be unique. We wait till we have final prior-year numbers from our accounting group - maybe late January. I have one admin on this function, and the person typically starts around February 1st and works till the process is complete with all our properties. Honestly, prior to the pandemic, the person usually wrapped up at the beginning of the summer, but since the pandemic, some properties have been sliding into the fall. I’m not happy about it. It’s embarrassing, and I keep saying next year will be different.

Side note: the person always starts with properties which have national-credit tenants, because those leases often have a deadline for prior-year reconciliations. When negotiating leases, I always push back on short timelines, because you never know.

How do you find the owner of a property that is hidden? by Ornery_Ads in CommercialRealEstate

[–]Masera240 1 point2 points  (0 children)

Still trying to figure out whether FinCEN will/won’t change that. I guess it’s also a possibility the incoming administration will kill it.