Retail Property Management/Expert Profile


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Expertise

Can answer questions on all aspects of commercial real estate management, including lease administration, eviction issues, financial reporting and budgeting, asset valuation/enhancement, marketing & leasing, and site maintenance and repairs. 20+ years of real estate management.

Experience in the area

25+ years in commercial management. Current own and operate property management company in southern California.

Organizations

BOMA and IREM

Education/Credentials

CPM (Certified Property Manager), RPA (Real Property Administrator)

Average Ratings

Recent Reviews from Users

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    K = Knowledgeability    C = Clarity of Response    P = Politeness
UserDateKCPComments
sylviamurray01/05/13101010Thanks,, we figured this much,,, I guess .....
Sharon06/08/12101010 
Lynn 08/23/11101010Thamks for your time to answer my .....
Miss Wilson08/02/11101010Thank you so much, Mike! I appreciate .....
Nick06/05/11101010 

Recent Answers from Mike Fortunato

2014-04-30 CAM fees:

$.50/sf for NNN (CAM, taxes, and insurance) isn't that unusual for retail situations. I would ask to see a breakdown of the expenses so that you know what you would be paying for. Whether the rent is in

2012-06-08 lease value:

I'm not sure of any metric to use to put a value on lease options. It really comes down to whatever you can negotiate. Perhaps the existing tenant would agree to end his lease early? (He may be able to

2011-08-23 SUBDIVISION RESTRICTIONS:

The bad news is that you could be asked to cure the violation. The not so bad news is that any other violators would also be required to comply if the enforcement comes from the HOA or other governing

2011-06-29 Termites in Fence:

What would you file? There are no damages as of yet, other than the damaged fence, and that actually damages the landlord more than you since he owns it. I think your offer is a good one -- perhaps you

2011-01-25 Mgmt Fee vs Admin Fee:

The management fee is for services required to manage the building. The admin fee, sometimes called a CAM surcharge, is to manage the maintenance and repairs of the common areas. Sometimes landlords charge

 

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