PropertyInvesting.com | commprop | Activity https://www.propertyinvesting.com/members/commprop/activity/ Activity feed for commprop. Thu, 06 Nov 2025 12:03:02 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 2ca239b19e58a144f50ea011d0cac3e2 commprop replied to the topic Warehouse Litigation - Complex in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4405050-warehouse-litigation-complex/#post-4658026 Thu, 27 Oct 2011 04:00:37 +0000 Scott No Mates wrote:
Opportunistic? Ambit claim? You/your agent aren't even on the invoice, how do they expect to tie liability to you? Gets you off to a really good start with the tenant.

To even confuse things even more, I received TWO invoices (along with my demand letter):Original Invoice had tenant's name on it. Subsquent Invoice had my…[Read more]

]]> 13ac677f81fc4d607be2be5309e48ba4 commprop replied to the topic Warehouse Litigation - Complex in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4405050-warehouse-litigation-complex/#post-4658023 Thu, 27 Oct 2011 02:03:48 +0000 Terryw wrote:
Must be distressing.That is something you will have to argue about. Whats your lawyer saying? You might have to bring the tenant in as a party to any court case.On the other hand legal expenses are likely to be high and hte risk of having to pay costs to the otherside if you lose. It may be worth considering just to pay it and…[Read more]

]]> 38cea3456a0338ee0a12b67b4e144059 commprop replied to the topic Warehouse Litigation - Complex in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4405050-warehouse-litigation-complex/#post-4658021 Thu, 27 Oct 2011 01:26:55 +0000 Terryw wrote:
I see. In that case then the administrators can continue with the litigation. How much are they suing you for? usually they wouldn't bother as their fees would be more than the get back – good way to get paid though!

$35K.Thing is though, I never contracted them, it was my tenant who did…so he should cough up.

]]> eb7e261b10246fd1ae0a14d3e0a56c1d commprop replied to the topic Warehouse Litigation - Complex in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4405050-warehouse-litigation-complex/#post-4658019 Thu, 27 Oct 2011 01:06:18 +0000 Terryw wrote:
That must mean your tenant is under administration? What has happened for that to occur?

No, the electrician (his brother in law) is under administration, not the tenant.His electrician brother in law is currently insolvent.

]]> 85974bba129af2ed1717f3c733f6d819 commprop replied to the topic Warehouse Litigation - Complex in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4405050-warehouse-litigation-complex/#post-4658018 Thu, 27 Oct 2011 01:04:39 +0000 Scott No Mates wrote:
Has your pm served notice of breach of lease for unapproved work? Why not? The unauthorized works ie Fitout, 3 phase, additional lighting etc have any of these works been approved or could the tenant have assumed approval due to you/your pm not telling the tenant to cease? Did the tenant have to install a 3 phase meter &…[Read more]

]]> 7051473caa47e5422212b62f4e4f39ff commprop replied to the topic Warehouse Litigation - Complex in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4405050-warehouse-litigation-complex/#post-4658016 Thu, 27 Oct 2011 00:58:21 +0000 Terryw wrote:
Do you mean debt collectors? If so, then the electrician could have sold or assigned his debt. The new assignee would have the same rights to be paid as the original electrician – which is in dispute. It would be his arguments and evidence against yours still.

At the moment, no. I believe it was the liquidators who wrote to my PM…[Read more]

]]> 920388f804165581ce62e1d458528a3d commprop replied to the topic About to sign a new lease and have no idea what the landlord is meant to pay for and what I should be paying myself in the forum If anything is to go by, a https://www.propertyinvesting.com/topic/4404058-about-to-sign-a-new-lease-and-have-no-idea-what-the-landlord-is-meant-to-pay-for-and-what-i-should-be-paying-myself/#post-4650711 Wed, 13 Jul 2011 00:39:14 +0000 If anything is to go by, a lot of the leases we see on the websites come with a "white/vanilla" box – i.e. 4 concrete/brick walls, roof and door. Anything else/improvements is generally at the tenant's expense.

]]> 8246a74411de3177bc3906f94affe763 commprop replied to the topic About to sign a new lease and have no idea what the landlord is meant to pay for and what I should be paying myself in the forum Commercial Property https://www.propertyinvesting.com/topic/4404058-about-to-sign-a-new-lease-and-have-no-idea-what-the-landlord-is-meant-to-pay-for-and-what-i-should-be-paying-myself/#post-4650708 Wed, 29 Jun 2011 02:32:58 +0000 melb15 wrote:
We're about to sign a lease on a brand new warehouse/office. Downstairs is warehouse upstairs is the office. The place is brand new so it is like a blank canvas. We let the landlord know what modifications we required and they proposed the below allocation of who will pay for what. I just have two questions: 1. Does this allocation…[Read more]

]]> 7a26809e364354e0c4e96c829aa11d54 commprop replied to the topic Zoning - Industrial Vs Commercial in the forum Commercial Property https://www.propertyinvesting.com/topic/4403743-zoning-industrial-vs-commercial/#post-4648592 Thu, 26 May 2011 01:30:43 +0000 Scott No Mates wrote:
Will, each class has a different use hence produces a different return & different value. Warehouse has the lowest rental value however you get the largest area with a little for office/amenities. Ie you don't pay much for storage. Office space is generally better located to transport & cod. Rent & cost is greater. Retail…[Read more]

]]> dbeb7fdd1ce2e53f3b0ecad904ebbc73 commprop replied to the topic How to stay calm with a bad commercial property investment? in the forum Commercial Property https://www.propertyinvesting.com/topic/4402727-how-to-stay-calm-with-a-bad-commercial-property-investment/#post-4641502 Wed, 04 May 2011 03:04:10 +0000 Thanks Scott.We kept with the current agent, in the end it was in my opinion, a case of right timing. As noted above in my old posts, I had set a time limit of 3-4 months before fielding other agents or even thought about doing the whole process myself and engaging a lawyer for the paperwork. I didn't tell him this of course, but I think it got to…[Read more]

]]> 774ea45259489d26671551018c513ef5 commprop replied to the topic How to stay calm with a bad commercial property investment? in the forum Commercial Property https://www.propertyinvesting.com/topic/4402727-how-to-stay-calm-with-a-bad-commercial-property-investment/#post-4641500 Mon, 02 May 2011 00:02:42 +0000 angelinsydney wrote:
Hi willister,I'm not sure if you have found a tenant but have you ever thought of giving a rent free period to help the business operator a leg up?If you could find a tenant, get them to pay all out-goings, so at least you don't have to pay the rates, etc.I have never owned a commercial property so I really wouldn't know if…[Read more]

]]> d472fccb07896e70a4058f3df3755adc commprop replied to the topic Commercial Property Update - Your Thoughts and Experiences in the forum Commercial Property https://www.propertyinvesting.com/topic/4403229-commercial-property-update-your-thoughts-and-experiences/#post-4644760 Sat, 09 Apr 2011 11:45:54 +0000 Hi There,I'm not expert, but what I can share is my experience, what you can get out of it is up to you and don't take it as advice but just a "story or shared experience:I started off like almost every other commercial investor in the residential side about 10 years ago, was relatively young at 22 years of age. Let me just say that one of the…[Read more]

]]> ec4cde0be3ec543de24e4bb031bde21f commprop replied to the topic Good tradies in the forum Value Adding https://www.propertyinvesting.com/topic/4403206-good-tradies/#post-4644623 Thu, 07 Apr 2011 01:55:09 +0000 By far plumbers are the most difficult to find! I have a trusted plumber, isn't cheaper than the competition but I would say does a decent job, doesn't overcharge and actual charges reflect quotes. Best of all, his jobs have been pretty good.The only downside is that as he lives pretty far, sometimes he doesn't show up on time. PM me if need be…[Read more]

]]> f1ea08614a8b3137be4e7b4fa56c6bc6 commprop replied to the topic Tenants here one day gone the next in the forum Commercial Property https://www.propertyinvesting.com/topic/4402840-tenants-here-one-day-gone-the-next/#post-4642350 Mon, 21 Feb 2011 00:43:05 +0000 BigTeddy wrote:
How long do your commercial/industrial tenants normaly stick around?What type of business do they have?Do you find they want to break leases early?Do you find there business is not a success and they close the doors?What tenants stay around for a long time?Is retail better?Anything else you mite be able to think of?

Based on two…[Read more]

]]> a09d7e961d3dc21103e025eaf105cb08 commprop replied to the topic Which is better CPI or % Increase in the forum Commercial Property https://www.propertyinvesting.com/topic/4402799-which-is-better-cpi-or-increase/#post-4641972 Tue, 15 Feb 2011 03:47:56 +0000 From experience, CPI has never reached anywhere near % increase on rents. The highest in recent memory was like 4.0%? Rest of the years has been well below 5% which is what I have on my old lease! Getting a tenant to agree to this, however, would be a challenge! Disclaimer: I'm not an expert and please don't take my advice as professional advice.…

]]> af418cd4d95b8ce6666bd7421e5c097e commprop replied to the topic Commercial Property in Brisbane which may be a bit sour! in the forum Commercial Property https://www.propertyinvesting.com/topic/4402758-commercial-property-in-brisbane-which-may-be-a-bit-sour/#post-4641732 Mon, 14 Feb 2011 09:07:48 +0000 Scott,No, I haven't ditched him as yet…I had a face to face discussion with him over the weekend and decided to give him another "4 months" to prove himself. Having a look at the whole picture, I'm monitoring the surrounding properties and they don't seem to have moved either. Several were vacant circa mine was, so I'll keep a close eye. Also…[Read more]

]]> f1e65f330299869f7c89e74a5bf2803d commprop replied to the topic Commercial Property in Brisbane which may be a bit sour! in the forum Commercial Property https://www.propertyinvesting.com/topic/4402758-commercial-property-in-brisbane-which-may-be-a-bit-sour/#post-4641729 Sun, 13 Feb 2011 23:33:41 +0000 Hi,I'm pretty much in the same boat, only difference is being in Melbourne. I think with commercial property, biggest difference I felt vs residential is that the vacancy rates are much higher and longer! It's up to the 7th month mark and I have analysed everything that has "gone wrong" with the property and put it in the best position to be rent…[Read more]

]]> 1e19f292ce94ff130dfb7b84c6e193be commprop replied to the topic How to stay calm with a bad commercial property investment? in the forum Commercial Property https://www.propertyinvesting.com/topic/4402727-how-to-stay-calm-with-a-bad-commercial-property-investment/#post-4641498 Thu, 10 Feb 2011 01:09:01 +0000 thecrest wrote:
Might help to review in detail all the ways the agent is marketing the property, assuming you've been getting advertising invoices.Put signs on the fence and building for those who want to expand in the area or are driving around prospecting.List with 2 other agents, competition creates urgency and activity.Insist on being…[Read more]

]]> d40ffdbe79934e803d3714e1dc498401 commprop replied to the topic How to stay calm with a bad commercial property investment? in the forum Commercial Property https://www.propertyinvesting.com/topic/4402727-how-to-stay-calm-with-a-bad-commercial-property-investment/#post-4641493 Wed, 09 Feb 2011 13:05:00 +0000 Hi Scott,Thanks for your response:1. Located in Melbourne, Inner West to be exact.2. Factory size is about 700m2 of usable space.3. Business Zone 34. Rent is what I would consider market value of the premise, going rate is currently $28K + GST + Outgoings for 700m2. As I said in the earlier post, nearby rents are nearly double for half the space,…[Read more]

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