"Before I officially took ownership, I think we were forecasting that somewhere between 27% and 30% of our gross revenue would go toward rent and utilities. About a year in, that number is 43%. Rent is definitely a struggle."
"For a commercial property, your loan may be only five years, and then your rate is going to reset. So if you bought it and your margin on it was 4% or 5%, but now you have to refinance it and rates are 8%, you lose your whole margin."
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