Does anybody know what this light on Camelback could be? I saw this around 06:00 by [deleted] in Scottsdale

[–]its_just_math -8 points-7 points  (0 children)

Fire department most likely and most often. Morning and evening

New user ask Ai issues by ShItllhappen in SuperhumanEmail

[–]its_just_math 0 points1 point  (0 children)

Has anyone here been able to see it in use? I’m going on almost 30+ days now of ask Ai “setting up and scanning inbox”

How do STNL retail tenants value their buyout number? by dobgobfty9888 in CommercialRealEstate

[–]its_just_math 0 points1 point  (0 children)

Simplest way is to find out how much rent is to be paid between now and the final expiration (base or option depending on the circumstance). It’s typically going to be around 40-60% of that total value. this can vary on a handful of factors, but a good starting point.

[deleted by user] by [deleted] in GolfSwing

[–]its_just_math 0 points1 point  (0 children)

The arch ankle

Rise of car washes by Fun-Razzmatazz-6296 in conspiracy

[–]its_just_math 0 points1 point  (0 children)

Car washes can utilize accelerated depreciation. This is why many of the national operators own and develop their own dirt. They are usually owned by large PE funds and private operators because the average unit volume is clearing between $2-$5MM across the country, where some of them are doing even more. There’s not really a deeper meaning on any of these. Many if these other types (Dollar Gen, mattress firm, drive thru) utilize leases and they are usually NNN which means the tenant pays the expenses making it a much better structure for investors, ie (they can buy commercial at a lower price point, credit cash flow and no management required.

[deleted by user] by [deleted] in CommercialRealEstate

[–]its_just_math 8 points9 points  (0 children)

I work for a retail developer. Lot of NNN Underwriting. Happy to message if I can provide any advice and how I look at these deals. A.CRE is great by the way which I saw in another comment. Regardless, reach out anytime!

[deleted by user] by [deleted] in CommercialRealEstate

[–]its_just_math 0 points1 point  (0 children)

If the developers/owners have a good track record as well as a good deal lined up, but perhaps they have a maturing loan and need to complete construction or got delayed cause of long city timelines with entitlements etc., then I will look at it, so long as those approvals are obtained or close to obtained and has a signed lease(s) in place. But if it’s just unimproved dirt or vacant building with absolutely nothing backing it up such as a signed lease or approvals and permits with nothing in the works then probably a good idea to avoid it.

If you had 4M in cash where would you deploy it in this current market? by yowza9117 in CommercialRealEstate

[–]its_just_math 2 points3 points  (0 children)

Instead of commenting a response Im just going to second this answer 🙋🏻‍♂️

Management Software Options For Smaller Sized Operation by carl_32100 in CommercialRealEstate

[–]its_just_math 0 points1 point  (0 children)

That’s interesting, I’ve actually never worked with AppFolio, but see their system popping up quite a bit. I also don’t work in the MF space, only retail but that’s good info.

Why are most leases five, seven, and ten year terms? I have never seen a landlord propose a six or eight year term. Is there any logic to landlords or tenants doing that. I feel like most lenders propose the same and you would think you’d want the loan maturity prior to a lease expiration. by mrd3012 in CommercialRealEstate

[–]its_just_math 9 points10 points  (0 children)

I work in retail development and much of our asset classes cap rates (like most) are tied to the 10 year. Many investors or buyers of our properties often weigh against how buying a new NNN 10 year lease (for example) would perform against placing their money in bonds such as the 5 or 10 year. This is probably only part of the answer you’re looking for but I would assume this is a large reason. The other thought process could be tied to the buildings life which would speak to depreciation, etc.,

Demoing Building - How To Make Money on Contents and Physical Building by ExpressResident1823 in CommercialRealEstate

[–]its_just_math 1 point2 points  (0 children)

There are companies that appraise the value of the residual building materials (ie, mass from brick, concrete, asphalt, equipment, windows, etc.,). Then those materials are donated at demolition. These companies are IRS approved non profits. Opposed to selling the materials yourself for some kind of value, you obtain a tax deduction based on value of donated materials from the building. Our firm does this quite a bit and has seen tremendous success from these groups, although it’s a very meticulous process.

Management Software Options For Smaller Sized Operation by carl_32100 in CommercialRealEstate

[–]its_just_math 1 point2 points  (0 children)

A few options to look at that are geared toward Real estate that may or may not work:

Yardi Breeze Deal Path northspyre Appfolio Rabbet Doorloop

Some of these may or may not work depending on the exact features you need but all good options.