Free commercial real estate advice from real estate professionals
Hello Reddit community,

As part of a project  for one of my clients, we are working on putting together a Free Commercial / Property Management training section for their website.

The team behind this project (many real estate professionals with real life experience) will provide free content based on their experience that will be available to all the users. The topics that will be covered are from all the sections of CRE (leasing, property management, maintenance, budgeting, CAM reconciliations, technology, operations etc).

We would like to call this - free education for real estate professionals that is based from real life experience not books. All these questions will be posted on the Blogging section of the company.

Will provide the link here to access all the training materials/questions in the next few weeks once the project is completed.

If anyone has some specific questions / inquiries regarding anything related to CRE please let me know (either here or DM) and I would be happy to pass them to the team so we can put together the content.

&amp;#x200B;

Thanks!
[{"id": "ig6cclc", "text": "I'd love your feedback on the letter of interest or the offer letter. I am a new agent and I am struggling to understand just what is possible to ask for, and how much room to factor in the letter for negotiation.", "replies": [{"id": "igbyad7", "text": "Maybe you can provide some additional details - are you trying to buy/sell/lease a commercial property? Is this for due diligence process?", "replies": [{"id": "igcihhl", "text": "   So I'm a brand new agent and I work for a firm that gives no training, I can go in with questions, but without the knowledge about what to ask it's been difficult. So I'd just love a guide on how to structure an offer letter.\n\n  In this specific example, of a commercial lease Loi.", "replies": [{"id": "igtzjth", "text": "A structure for a LOI can be as follows:\n\n&amp;#x200B;\n\n1) Premises\n\n2) Proposed Term \n\n3) Commencement Date\n\n4) Use of the Space\n\n5) Rental Schedule and lease escalations\n\n6)  Options to renew \n\n7) Tenant improvements\n\n8) Landlord's work\n\n9) Allowances\n\n10) Right of first refusal\n\n11) Rights to terminate\n\n12) Building operating hours\n\n13) Building services needed (HVAC, electricity, janitorial , security etc)\n\n14) Subleasing\n\n15) Holdover\n\n16) Signage\n\n17) Insurance\n\n18) Unrestricted access\n\n19) Building amenities\n\n20) Security deposit\n\n21) Lease commissions\n\n22) Standard lease agreement format\n\n23) Approvals \n\n24) Warranties\n\n&amp;#x200B;\n\nThere might be some other items missing from this list.\n\nHopefully this helps.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "igfvz1c", "text": "It's called a Letter of Intent  - LOI.  It should contain the major terms of a lease agreement: Landlord/Tenant information, guarantor information, rent rate, lease term, escalation, options, condition of space, Landlord work, Tenant work, TI/TA, RB, etc.", "replies": [], "depth": 2}], "depth": 1}, {"id": "ig75qmp", "text": "This is great to hear, would be a fantastic resource to utilize.  \n\nI would love to hear more about how acquisition analysts underwrite additional income and CAM reimbursement for a shopping center with tenants on different models (some net and some gross with base year) in excel. I understand it\u2019s achievable in Argus but not all shops have Argus to UW deals. \n\nRegardless I look forward to being a subscriber to the service. Keep us posted!", "replies": [{"id": "igbz0r7", "text": "If I understand correctly - you are basically looking for an excel based file that will allow you to valuate a shopping center with various lease types?", "replies": [], "depth": 2}], "depth": 1}, {"id": "ig78qc6", "text": "Free education *\"not based on books, rather, on real life experience*\".\n\nSo then....on a PDF, or in HTML (which is for all practical purposes, a short book...or perhaps...a chapter).\n\nAnd like books.....interestingly....all written by people with real life experience.\n\nWhat a novel idea.\n\n(Which of course...is a book).", "replies": [], "depth": 1}, {"id": "ig84os9", "text": "Very interested as well. All the best", "replies": [], "depth": 1}, {"id": "ig8zh6o", "text": "Great post OP, and I love this idea. I\u2019m new to the CRE space and would love to learn more about:\n\n\u2022 putting together/analyzing/vetting deals\n\n\u2022 raising capital from investors (how those pitches go, what all to have prepared, etc.)\n\n\u2022 knowing what all is needed to properly vet the property (with rough cost estimates) for things like appraisals, surveys, etc.\n\n\u2022 industry experts\u2019 favorite tools and resources\n\n\u2022 how to underwrite these deals\n\n\u2022 what banks are looking for when lending and how many loans typical investors can have simultaneously\n\n\u2022 negotiations", "replies": [], "depth": 1}, {"id": "ig9neu1", "text": "Following", "replies": [], "depth": 1}, {"id": "ig9xo4g", "text": "When dealing with national chains as a young developer, what is the best way to connect with their real estate reps to gain guidance on future growth location areas?", "replies": [{"id": "igby0cv", "text": "This would be difficult to achieve as people don't usually disclose business strategies.\n\nYou can use other tactics / strategies to estimate other possible locations for this chain :\n\n1) analyze their current location in your target markets \n\n2) what is the demographics in the area where they have other locations\n\n3) what is their estimated sales/location and how big are their stores\n\n4) how far do they have the distribution centers \n\n5) who are their competitors and where are they located compared to your prospective tenant/chain\n\nBasically try to reverse engineer their strategy. Has become extremely common now for many companies to get extremely good data about their clients before opening new locations.\n\nOnce you have gone though this exercise , it might be easier to approach the chain and try to market your space/building.", "replies": [{"id": "igfibxo", "text": "Wow.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "igosjbo", "text": "Hello, \n\nI am a Real Estate Professional that is new to Reddit.  I am very interested in taking the Commercial class.\n\nCan you please keep me updated on the date and time the class will be conducted?", "replies": [], "depth": 1}]