If you were to ask a local small business whether they want a responsive landlord or someone who’s difficult to reach, chances are they’d choose the former. For tenants large and small, having the ability to get immediate answers from a trustworthy source creates a positive rental experience that promotes long-term satisfaction and retention.
Articles under Real Estate 101
Commercial real estate is appealing; it can offer rental income while accruing value and providing a safe harbor for capital gains. It’s especially appealing in a buyer’s market, but like any major investment opportunity, there are risks associated with the potential rewards. Below are five commercial real estate pitfalls to avoid when going through the real estate process.
It’s a common misconception that you only want to buy real estate in “good” market. The truth is, if you’re investing in the right property at the right price, you’ll be able to make a solid investment no matter what the economy looks like.
Even if you’re not ready to put an offer in tomorrow, these tips on how to value commercial real estate can help when you are ready to purchase.
Are you tired of handling property uncertainties and maintenance? Property managers can take over the burden of daily and long-term property operations. They handle everything from maintenance issues, security, updates to rent collections, evictions and other financial matters. But, how do you find a good property manager? You need a reliable firm who can adequately navigate daily issues and predict long-term needs.
As experienced property managers, we often have leasing clients inquire about management services. No matter who’s asking, we always tell them to keep these tips in mind when looking to find a good property manager.
Have you decided it’s time to own your own business? Create your own schedule? Occupy your own storefront? While there’s no road map to creating the perfect business, there are plenty of resources available to get you off to the right start.
As retail real estate professionals, we interact with first time businesses often enough to have a good understanding of what works and where business owners fall short. These are the top 4 resources we recommend all small business owners check out.
Are you a local landlord looking to increase your property’s value? When evaluating your portfolio, it’s common sense to want to optimize your investment in order to increase rental rates, keep well-performing current tenants and maximize the overall value of the center. As a full service commercial real estate firm, we often evaluate a property’s current and potential value-add opportunities.
It’s important to keep value in mind regardless of whether you’re looking to hold or sell. We’ve shared a few tips on how to increase real estate value not only for our clients, but for our own investments as well.
Have you considered buying or selling property? Do you know how to get important details for the property you’re considering buying or selling?
Typically, a property’s required analysis is based on its size. Commercial real estate properties, for examples, are valued very differently than their residential counterparts. The value of a larger investment property is directly related to how much income/profit it will produce. Getting all the financial details in order and understanding them is where a property analysis report comes in.
How do I pick the right commercial real estate location? It’s a question that we get all the time.
Choosing the right commercial real estate location for your business or service is a time-consuming process that eventually comes down to preference. However, there are some tips to consider that help make the search process as efficient as possible and will leave you feeling confident in your decision.