Specialty Leasing Tenant Application: Fill & Download for Free

You’d sue them in court to get your money. See an attorney whose specialty is Landlord-Tenant law. Provide them with the lease, the payments made, pics of the condition of the apartment, the tenant’s application (which should state their car tags and employer and next of kin). Know though that if you re-rent the apartment the former renter doesn’t owe you because you would not have taken a loss.

From the author of a #1 Bestseller of commercial real estate books on Amazon, "The Due Diligence Handbook For Commercial Real Estate".Quit running your investment property under the influence of "hopeium"; that delusional state under which you believe everything will work out fine without putting forth any effort or thought into creating value with it. That's the way most investors approach their investment property management plan.Without a strategy for increasing value with your property's management plan is just taking the "lottery" approach.You want the "Cliff Notes" version. In other words, the 20% that will give you 80% of the results, and not a bunch of minutia with 30 to 50 pages of fluff that you have to sift through to find the helpful tips or key points. If you've read my book, "The Due Diligence Handbook For Commercial Real Estate" you know what I'm talking about. I attribute its popularity to the fact that it cuts through to the "meat" of the subject and gives the reader the step-by-step instructional information needed to conduct due diligence properly when buying investment properties. This is an extremely important part of the process that can make or break investment decisions. Your "golden" opportunity may turn to "lead" if you don't know where to find the hidden problems, undiscovered issues, and value creation opportunities an investment may hold. Much money can be saved and made by learning how to do it properly. Unfortunately, most investors and real estate professionals don't know how to properly conduct due diligence because they "don't know what they don't know."The fundamentals remain the same for the most part, when it comes to adding value and leasing. This information can be used across the various genres of commercial real estate investments, whether it's office and industrial, retail or multi-family residential properties. I comment from time to time throughout the book on the different angles or strategies you may want to consider for the different property types, which I have obtained from my own background and experience of 30+ years in the commercial real estate industry--or from those I know to be the best at their particular specialty.In this handbook you will learn:*How to determine the best way to price the rental rate for your investment property to get it leased at the highest value*Find ways to make your property attractive to tenants*How to interview and choose the right people that will help you get your property leased*How to structure your lease rate and terms to create the most value for your investment property*How to incentivize tenants to get your property leased in a down or over crowded market*Strategies and tips to create more value* Essential analysis forms, proposal and lease form samples, tenant application and other formsThese are very learnable skills that can be put into use right away to enhance your efforts to add value to your real estate investment.For the more seasoned commercial real estate investors and professionals, I will share valuable experience from my time as a landlord representative where I leased properties as a local leasing broker. I also spent time as a Vice President of Leasing for an investor who owned about 12 million square feet across the U.S, where I had to learn local practices and customs, as well as the ins and outs of the various markets such as Los Angeles, Dallas, Houston, Chicago, Orlando and Phoenix. Experiences learned during this phase of my career have also contributed to the contents of this book.By learning and implementing these essential value-enhancing principles you can easily increase your property's cash flow exponentially. Every day you wait is another day of flushing more money down the drain. Buy it today and start generating more income, instead of hoping it all will work out. You will look back and consider it as one of your best real estate investments.The How to Add Value Handbook for Commercial Real Estate: Generate More Income from Your Investment Property

Hi There. My short personal story is I worked for a boutique (a.k.a. 3 people in the office including myself) real estate developer for about 7.5 years specializing in low-income housing for seniors (large multifamily projects, typically 100+ units, total development cost between $10MM - $40MM per project). We worked on new construction projects and tenant-in-place renovations. Two years ago I went off on my own because I love development and wanted to call my own shots. I was at a point in my life where I felt that I could take some risk without suffering major losses (28 and single). I also made sure to keep my overhead as low as possible. At this point personal expenses = business expenses. So! My journey began as a development consultant.In order to be a developer, you absolutely have to have a source of capital. Whether it's debt financing or equity, you've gotta have some money to contribute to a potential project. Even if you leverage up your development deal, you will most likely have to contribute at least 5% of the total development cost.There are many approaches to development and it helps to have a specialty that is related to the industry in some way (attorney, accountant, "finance guy" like myself, contractor, real estate agent). I will go through the basic phases of real estate development to illustrate the process of development. This applies to new construction and renovation projects. I'm essentially copying and pasting this from my company brochure, but please do not take this as a solicitation. Please forgive the crappy formatting as well.Phase I - Concept stage· Establish client needs and project goals· Initial site assessment· Perform financial feasibility and zoning analysis· Prepare the preliminary development budget· Development team selection – includes architect, project attorney, surveyor· Community acceptance – liaison with local community leaders, community board, local stakeholders and elected officials· Review the preliminary architectural drawings as part of the community review processPhase II - Pre-development· Review of various financing programs that are best suited to achieve the project’s mission and goals· Development of financing alternatives and preliminary budgets including:o sources and uses of financingo development budgeto operating budgeto mortgage analysiso cash flow projections· Procure third party services and negotiate contracts and fees· Prepare and submit financing applications· Negotiate investment terms with equity partners, syndicators and investors· Secure financing commitments from funding agencies, lenders and investors· Manage the development of architectural drawings· Supervise the bid process and selection of the general contractor· Manage due diligence and third party reviews· Assist the legal team with preparation and review of partnership and financing documents· Supervise the filings of Dept. of Buildings applications and building permitsPrepare the project for the initial closingPhase III - Construction· Set up a requisition and funding tracking system· Prepare monthly requisitions and submit to lender for processing and funding· Represent project owner and developer at construction progress meeting· Prepare and submit funding requests to tax credit syndicator for capital contributions based on negotiated benchmarks· Supervise the rent-up of new construction projects and any vacant units of renovation projects· Assist project owners with hiring of permanent building staff· Manage final inspections and sign-offs from the Department of Buildings, Fire Department and City Agencies· Prepare project for final (permanent) closingPhase IV - Operations· For tax credit projects, supervise the submission of the 8609 Financial Update and receipt of final capital contributions from tax credit syndicator· Review and negotiate maintenance, vendor, and service contracts· Prepare financial assessments of building operations· Review rent roll· Review operating policies and proceduresTo answer question #2 about securing funding, you need to have relationships with bankers or private equity firms or private investors. They need to believe that you're going to get the job done well and on time. Development takes a reaaaaaally long time from start to finish. On a new multifamily building in New York, for example, let's say 100 units, you can be in concept stage for 3-6 months, pre-development for 6-12 months and construction is typically at least 18 months, after which you have to lease-up (if rental) or sell out (if condo), which can take an additional 6 months. So at the shortest, you're looking at about 3 years, at the longest......well, let's not go there. There are many things that can go wrong along the way that can ruin your budget, schedule and emotional well-being.When you're beginning, it's critical to surround yourself with experts who know what they are doing, are well-respected and who like you. Having a strong contractor and architect will save you many headaches and will help you in obtaining financing because the credibility of the development team is enhanced by the other professionals' strengths. Selecting the team is not easy and is based on relationships and referrals from your close contacts. I definitely don't recommend going to the yellow pages (if anyone still uses them) and picking a contractor or architect out of a hat.Being on my own for almost two years has been an absolute roller coaster ride. It has been harrowing and rewarding at the same time. There are always problems. People never do what they're supposed to. It's your job as a developer to manage them and make sure things get done on time, or at least as close to the deadlines as possible. Checklists are critical. Whiteboarding helps in keep track of active and potential projects.Feel free to give me a shout if you want to know more about development. This has just scratched the surface of this complex and wonderful field.Cheers and best of luck!