Ryan Rivchun

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Ryan Rivchun

Ryan Rivchun

@ryanrivchun

SMB and real estate lawyer

Cleveland, Ohio Katılım Temmuz 2009
1.7K Takip Edilen474 Takipçiler
Ryan Rivchun
Ryan Rivchun@ryanrivchun·
@theDSOguy Make it easy for patients to schedule a cleaning when there is a last minute cancellation. Also consider a scheduling portal.
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David | TheDSOGuy
David | TheDSOGuy@theDSOguy·
Fill in the blank 🦷🪥: If I ran a dental practice, the first thing I would do would be? ➡️
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Shayla
Shayla@shaydeofgold·
Related to my disdain for leasing, I also hate the use of “lessor” and “lessee” Yes, it’s because I can’t keep them straight, but why do I have to bother when landlord and tenant were right there
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Ryan Rivchun
Ryan Rivchun@ryanrivchun·
@nathan_e_hill Give it a shot in the front end. I work on about 100 retail leases annually. Just creating the section number and topic is a massive time saver. You’re in CLE. DM me if you want to connect with a local retwit friend
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Nathan Hill
Nathan Hill@nathan_e_hill·
@ryanrivchun Yeah ill end up doing that for the formatting at the end. The substance though is painful
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Nathan Hill
Nathan Hill@nathan_e_hill·
Just edited a lease that took me maybe 3 times longer to edit because it was AI generated and everyone thinks they are saving us time.
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StripMallGuy
StripMallGuy@realEstateTrent·
Public Service Announcement: The hack to getting around this TSA madness is TSA PreCheck + CLEAR.
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Keeks 🦋
Keeks 🦋@DietCoke_Esq·
Scanning a wet signed document to send via email as a PDF attachment
GIF
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Ryan Rivchun
Ryan Rivchun@ryanrivchun·
@ItsMattsLaw Or Code Of Regulations in Ohio because we have to be a little different
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Matt Margolis
Matt Margolis@ItsMattsLaw·
Your LLC has an operating agreement. Your corporation has articles and bylaws.
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Ryan Rivchun
Ryan Rivchun@ryanrivchun·
@SMB_Attorney Convert the seller to a Wyoming LLC and they will safe and secure forever
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SMB Attorney
SMB Attorney@SMB_Attorney·
Oh no, guys! I have a deal closing tomorrow and I just got a totally real, not at all made up (I swear), demand letter from buyer’s counsel asking for last minute changes to the escrow terms and indemnity carve outs. What should I do??
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Ryan Rivchun
Ryan Rivchun@ryanrivchun·
@redbull skeleton. Hands down. Who wakes up and says I want to cheat death today and tries a skeleton run for the 1st time.
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Red Bull
Red Bull@redbull·
what's a winter sport you've always wanted to try? ❄️
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Ryan Rivchun
Ryan Rivchun@ryanrivchun·
@shaydeofgold This literally happened 2 times to me today! I sent them a screenshot so they can easily make their own tracked changes version
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Shayla
Shayla@shaydeofgold·
I’ve been saying this all day but some people are disgusted that I send clean word versions and PDF redlines instead of word versions with tracked changes. The Word version is right there for your viewing, redlining, and editing pleasure!
Ryan Rivchun@ryanrivchun

@shaydeofgold If the recipient is viewing the “tracked changes” version on an iPad or iPhone it does not show the changes. This is one reason PDF comparisons are circulated. Industry standard for commercial transactions is usually to use Litera to generate PDF redline and send a clean draft

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Ryan Rivchun
Ryan Rivchun@ryanrivchun·
@shaydeofgold If the recipient is viewing the “tracked changes” version on an iPad or iPhone it does not show the changes. This is one reason PDF comparisons are circulated. Industry standard for commercial transactions is usually to use Litera to generate PDF redline and send a clean draft
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Shayla
Shayla@shaydeofgold·
I was unaware that there was a contingency of lawyers sending PDFs only of documents that are being reviewed/negotiated. Why is that a thing?? I send PDF redlines because they’re easier to read, but the redline is always accompanied by a clean word version.
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Ryan Rivchun
Ryan Rivchun@ryanrivchun·
@shaydeofgold That is the standard. As long as you give a clan version, they can create a “tracked changes” version on 10 seconds. Asking for a tracked changes version in responses says they don’t know how to use Microsoft Word
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Ryan Rivchun retweetledi
Cleveland Magazine
Cleveland Magazine@ClevelandMag·
Sam Friedman is opening his new cocktail bar, Nightjar, today. To do that him and his team have done a remarkable job of transforming a fallow, out-of-the-way space at Eton Chagrin Boulevard in Woodmere into a sexy little club. 🔗 clevelandmagazine.com/articles/first…
Cleveland Magazine tweet mediaCleveland Magazine tweet media
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Anna Lee - CRE Leasing Lawyer
Anna Lee - CRE Leasing Lawyer@CRELeasingLawTX·
Repping Landords AND Tenants is awesome - I know how both sides think and what they care about, where to give and take, etc...but I will admit I get the biggest kick out of repping Tenants when a Landlord goes hard because it thinks the Tenant won't have an attorney😆
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Ryan Rivchun
Ryan Rivchun@ryanrivchun·
@Eli_Albrecht Agreed 100%. I tell all the younger lawyers the same thing. They need to show initiative and try to figure it out
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Eli Albrecht
Eli Albrecht@Eli_Albrecht·
When training young M&A lawyers, I tell them what a senior partner once told me: take initiative and do not wait to be told what to do. I would rather you make a mistake that I have to clean up than never come up with proactive solutions. Every email with a problem should have a suggested solution.
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Ryan Rivchun
Ryan Rivchun@ryanrivchun·
@SimpleCRE Always read the leases, nnn assumptions and reconciliation and check actual tax bills against the purchase price. Never rely on lease abstracts
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Jason Richards
Jason Richards@SimpleCRE·
Rookie real estate investing mistake (that happens a lot here): 1) Buys multitenant net-leased property in another state that they found on the internet "Cash flow! This is easy!" 2) Didn't realize the state or municipality does some variation of point of sale tax reassessment "Wait - what?" 3) Property taxes skyrocket at assessment time. Although leases are NNN, the tenants have caps on increases in their leases "But I thought I could pass through EVERYTHING?" 4) Increased NNN expense that can't be passed through erodes most (or maybe all) of the cash flow. "This is not how the podcast said it would work!" Always make sure you understand how property taxes work in any geography where you are considering investing.
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Ryan Rivchun
Ryan Rivchun@ryanrivchun·
@mmsmithlegal I see this all the time. You only need a notary if it required by statute typically. As I do more projects with digital signatures, I am starting to think it may be more secure than a notary to validate the signatory after looking over the audit log.
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Morgan Smith
Morgan Smith@mmsmithlegal·
Them: We got it notarized. Me: Yeah, I understand that...but why?
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Ryan Rivchun
Ryan Rivchun@ryanrivchun·
@brianbeers always read leases if you are buying operating businesses. Also, never rely on a lease abstract. termination rights, ROFR rights, restrictions on assignment. So many items that retailers need to consider or learn the hard way
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Brian Beers
Brian Beers@brianbeers·
I was locked & loaded to buy a group of shops. One of them was the Crown Jewel. Just a few years ago, it was the highest-volume shop in the state. Amazing location in the best possible neighborhood. I could already picture the keys in my hand. Then I read the lease.... Buried in the fine print was a clause that allowed the landlord to knock down the entire shop and rebuild a new one at the back of the property. The landlord already had this plan in motion. I saw the renderings, and they weren't pretty.... Not only did he plan to move the shop, but also to build a giant wall to block it even more! I guess he figured the tenants of his new building wouldn't want to see it. That one clause saved me from a potential disaster. Most business buyers don’t know what they don’t know. They review P&Ls and tax returns, tour the location, & check the equipment. But they miss the landmines: - Lease clauses - Key employee issues - Sweetheart deals that don't transfer Any one of these can turn a great deal into a trainwreck. I’ve acquired 35 shops over the last 10 years. Each one taught me something new. I put together a video walking through my complete due diligence checklist. This is the exact process I use before writing any check. I'm sharing it tomorrow (Tue Jan 27) inside the Cash Flow Club. This is where I send exclusive insights to help you make (and save) money Join for just $29/month: brianbeers.com/cash-flow-club/
Brian Beers tweet media
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