Dude! I love how you broke it down. I was on the verge of signing the lease and now I am gonna ask my MR. BLACK COAT some bug questions before I do that -- Your skills are in breaking down things into a simpler form. You should open a consulting agency for commercial real estate firms or join them as a consulting trainer for their new hires.
normally it's the leasing agent or the representative that gives them to you once you have executed all the documentation. The moment all the documentation is executed.
Usually the event center will have a contract in place. What I would do is a standard contract with the owner/property manager. It will be something along the the lines of, date of event. What type of event. Damage and clean up clauses of some sort. Food included or not included. Security things like that. If they don’t, I would check with a local real estate company to see if they have any or have a lawyer write one up.
You didn't touch on personal assurance/personal guarantee on commercial leasing. For new small businesses its a big thing and a possible huge issue if their business fails.
wow Thank you so much for all the info! May I ask you a bit more about Leasing and renting? we are thinking to lease sushi restaurants business take over (renewed last in Aug for 4yrs +10yrs onptions remains) that place need to be upgrade some area warned out and no POS system. it is quite old system they have. all leasing business have Premium? also what is the difference with business that we purchased and still pay for the rent (lease contract)? you were mentioned at the beginning but pls explain more would be appreciated! Thank you
So I did something that is giving much Anxiety. I definitely should’ve done my research before jumping the gun. I got walls and an outlet put up in my commercial lease that I just signed my lease on. I didn’t get permits or get permission from landlords. Not sure what to do at this point, don’t know if I should tell them about it and suffer potential consequences or just don’t say nothing and hope they never find out till the end of my 5 year lease
It would honestly depend on your contract. Generally speaking, with commercial leases, there is more flexibility when it comes to construction. Ie: a restaurant needing to remodel interior, office space needing more outlets for different office space. But, once again, it all boils down to the contract that is in place. What I would recommend is having your real estate agent or a lawyer look over the contract.
thank you for the info.. wow did not know about all this.. what about if there is no contract and a friend just rented retail space to you, just like that what will happen?
I mean... anything can happen. I obviously don't know your exact situation. So I am just going to talk in generalities. But, let's say you agreed to a 1 year lease, but the landlord evicts you after a month... Legally speaking you can't do anything about it because you have nothing in writing.
Good info its Exclusive little typo not Exlusive ... also you never mentioned the tax-benefits "accelerating depreciation" probably something your not familiar with and should be its a huge-benefit and consideration when taking on a lease particularly "NNN" overall your video was enlightening for the new-bee.
Hi, I am a realtor and I have a client that has an existing restaurant and would like to lease it out to Duncan Donuts or Starbucks. Most of my work is residential. However, I would like to help him if possible. The restaurant is seasonal and located at the jersey shore. Can you advise me with how to help him. Thank you, Diane
It would be best to ask your office manager to connect you with a commercial real estate agent that will have a better understanding of that specific market.
It varies depending on region and company. For sale of commercial property expect 6-10% Lease 5-8% Keep in mind prices do vary! So, make that amongst the first questions you as your agent.
I’m focus more on residential then commercial. I know that I’m technically sending you to a competing real estate channel, but I highly recommend BiggerPockets. They talk a lot about residential as well, but they also have a good commercial real estate library. :-) hope that helps!
Do u think a percentage lease is good for a hotel? There is a 280 room hotel in my area that is closed down but it's for sale or lease it has a on-site restaurant and lounge 2 ball rooms a indoor pool and arcade 5 min drive away from 2 big attractions in our area
Or a consulting & training agency nationwide - Remote + In person - Training to new people into the industry (multiple firms across the nation) & STRATEGY to the same firm’s leadership team (multiple firms across the nation)
I appreciate it very much! I have a couple of things in the works that are along those lines. However, I want to step away from the sales aspect. I want to focus almost strictly on advising :-)
Alright - I am looking to start a small business (I have the equip and some capital, etc.) Thing is I am legally blind and would like to live in my business (small area in back or on-top). Would I be better off looking for a residential prop that could serve as a residence + small business or a flex-space commercial prop?
You would have to ask the owner what you can and can’t do. Rule of thumb, a corporately owned property is less likely to let you live on the property. You will have a better chance with a privately owned property. I would stick to commercial properties. But, the reality is, you have to talk to a local commercial real estate agent to help you look for a property and you are going to have to look for private commercial property on your own. To cover all your bases.
As a warehouse onwer, what kind of issues should I pay attention to put on the aggrement? Does the tentant reapoaible for the water, landscape take care and electricity or HOA?please advise. Thanks.
![Blox Fruits Dragon Rework Update [Full Stream]](http://i.ytimg.com/vi/EqDAp8udhm0/mqdefault.jpg)
Was hoping to know, what qualifications are required ie. Down payment, credit score, previous experience etc?
Dude! I love how you broke it down. I was on the verge of signing the lease and now I am gonna ask my MR. BLACK COAT some bug questions before I do that -- Your skills are in breaking down things into a simpler form. You should open a consulting agency for commercial real estate firms or join them as a consulting trainer for their new hires.
There aren't many videos that talk about this as clearly as you do. Keep it up! This helped me understand it a lot better.
I am proud of you bro! Keep it up!
Thanks, I can't do it without you!
Pretty good information! Keep it up!
Thank you! I appreciate you!
Great video covering the broad strokes. Hats off and thank you.
I appreciate you watching:-)
You are very creative and informative. Thanks
Thank you!
🔥🔥🔥 awesome general overview
Thank you for taking the time to watch! I appreciate you!
Yes I am considering purchasing commercial property.
Now seems to be the time to negotiate so good deals!
I'm in residential but wanted to get a better understanding of some commercial specifics. Thank you for the video!
⁰⁰
Thank you for making this video
Thank you for taking the time to watch it!
What about farming leases?
That is a topic that I didn’t get into, because no one ever brings it up. But, if you email me i can give you more information about it!
Great energy and presentation!
Thank you for watching:-)
This is awesome! I feel much prepared now going into a meeting with my client.
Thank you! Glad I was able to help! Let me know how it goes with your client!
Amazing job
I about to go into commercials real estate. This help a lot.
Hopefully I closed down on my first hospitality building! Coming up soon
Great stuff! Keep me updated!
Great video, my question is how about the keys who's gonna provide me after execution of the lease
normally it's the leasing agent or the representative that gives them to you once you have executed all the documentation. The moment all the documentation is executed.
Thanks, bud for your answer
A lot of great info along with great editing. I love the subliminal subscribe button that continues to pop up throughout the video! 😅 Thanks, man!
Hey Alex, great review on commercial leases. I need it to refresh my memory!! Thanks!!!!
Glad I could help! Thanks for watching!
Thank you :) great information
You’re welcome:-)
Great Video. Thank you!
Thank for taking the time to watch the video😁
Awesome presentation
What would be the best lease type for an event space?
Usually the event center will have a contract in place. What I would do is a standard contract with the owner/property manager. It will be something along the the lines of, date of event. What type of event. Damage and clean up clauses of some sort. Food included or not included. Security things like that. If they don’t, I would check with a local real estate company to see if they have any or have a lawyer write one up.
Learned a couple of new things. Thanks
I learn more with you! Thank you!!
Loved the video, concise, fun, and informative. What about payment, how are commercial real estate agents paid?
Usually it’s commission based. Unless you are one of the lucky ones and land a cushy corporate gig where you get paid salary.
You didn't touch on personal assurance/personal guarantee on commercial leasing. For new small businesses its a big thing and a possible huge issue if their business fails.
Great info, topic, and presentation Alex!
Thank you!
awesome video.. keep it up...
Thank you for this video. What an assortment!
wow Thank you so much for all the info!
May I ask you a bit more about Leasing and renting?
we are thinking to lease sushi restaurants business take over (renewed last in Aug for 4yrs +10yrs onptions remains) that place need to be upgrade some area warned out
and no POS system. it is quite old system they have.
all leasing business have Premium?
also what is the difference with business that we purchased and still pay for the rent (lease contract)?
you were mentioned at the beginning but pls explain more would be appreciated!
Thank you
So I did something that is giving much Anxiety. I definitely should’ve done my research before jumping the gun. I got walls and an outlet put up in my commercial lease that I just signed my lease on. I didn’t get permits or get permission from landlords. Not sure what to do at this point, don’t know if I should tell them about it and suffer potential consequences or just don’t say nothing and hope they never find out till the end of my 5 year lease
It would honestly depend on your contract. Generally speaking, with commercial leases, there is more flexibility when it comes to construction. Ie: a restaurant needing to remodel interior, office space needing more outlets for different office space.
But, once again, it all boils down to the contract that is in place. What I would recommend is having your real estate agent or a lawyer look over the contract.
@@AlexBeltran
Understood. I read back over the contract. Nothing mentioned about improvements or construction
thank you for the info.. wow did not know about all this.. what about if there is no contract and a friend just rented retail space to you, just like that what will happen?
I mean... anything can happen. I obviously don't know your exact situation. So I am just going to talk in generalities. But, let's say you agreed to a 1 year lease, but the landlord evicts you after a month... Legally speaking you can't do anything about it because you have nothing in writing.
Good info its Exclusive little typo not Exlusive ... also you never mentioned the tax-benefits "accelerating depreciation" probably something your not familiar with and should be its a huge-benefit and consideration when taking on a lease particularly "NNN" overall your video was enlightening for the new-bee.
Thanks for the feedback:-) I appreciate it!
Well Done.
Thank you!
Hi, I am a realtor and I have a client that has an existing restaurant and would like to lease it out to Duncan Donuts or Starbucks. Most of my work is residential. However, I would like to help him if possible. The restaurant is seasonal and located at the jersey shore. Can you advise me with how to help him. Thank you, Diane
It would be best to ask your office manager to connect you with a commercial real estate agent that will have a better understanding of that specific market.
Can you do a video on personal guarantees? How do you avoid them? How do you get someone to PG the deal for you? Is there a work around?
this video is very informative!
How much percentage charge on commercial leste???
It varies depending on region and company.
For sale of commercial property expect 6-10%
Lease 5-8%
Keep in mind prices do vary! So, make that amongst the first questions you as your agent.
Great video. Very comprehensive. Please advise on the correct filing system and record keeping for a commercial leasing / asset management company.
Yes, I am interested - how do you learn more?
I’m focus more on residential then commercial. I know that I’m technically sending you to a competing real estate channel, but I highly recommend BiggerPockets. They talk a lot about residential as well, but they also have a good commercial real estate library. :-) hope that helps!
Thanks
Can you please teach me the methods to get hot leads for commercial office space leasing ( I'm from India)
How long can the landlord on a commercial property, take to return the security deposit?
Typically the deposit is returned upon the final walk through and return of keys.
Do u think a percentage lease is good for a hotel? There is a 280 room hotel in my area that is closed down but it's for sale or lease it has a on-site restaurant and lounge 2 ball rooms a indoor pool and arcade 5 min drive away from 2 big attractions in our area
What does it mean when a realtor is leasing a freestanding pad?
great video!
Or a consulting & training agency nationwide - Remote + In person - Training to new people into the industry (multiple firms across the nation) & STRATEGY to the same firm’s leadership team (multiple firms across the nation)
I appreciate it very much! I have a couple of things in the works that are along those lines. However, I want to step away from the sales aspect. I want to focus almost strictly on advising :-)
Alright - I am looking to start a small business (I have the equip and some capital, etc.) Thing is I am legally blind and would like to live in my business (small area in back or on-top). Would I be better off looking for a residential prop that could serve as a residence + small business or a flex-space commercial prop?
You would have to ask the owner what you can and can’t do. Rule of thumb, a corporately owned property is less likely to let you live on the property. You will have a better chance with a privately owned property. I would stick to commercial properties. But, the reality is, you have to talk to a local commercial real estate agent to help you look for a property and you are going to have to look for private commercial property on your own. To cover all your bases.
@@AlexBeltran Thanks for the quick response. I will take your advice and stick to small local commercial brokers and private entities. Subbed.
Good luck! Let me know how it works out!
How about rental leases?
Tyvm...
Assignments.
Good.
As a warehouse onwer, what kind of issues should I pay attention to put on the aggrement? Does the tentant reapoaible for the water, landscape take care and electricity or HOA?please advise. Thanks.
I certainly got an education!
holly frig buddy get to it
lol! the time codes are in the description! thanks for watching:-)
6:32
Mmmmm
Rrrrr
Xxxxx