Like apartment dwellers who are finding that it is less expensive to buy than to rent, business and professional firms are moving toward buying offices rather than leasing. While buying or constructing an entire building is an option for major corporations or for smaller firms outside metropolitan areas, owning commercial space generally means being part […]
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Searching For Commercial Tenants
At all times, good or bad, we must aggressively search for replacement tenants. A month’s rent from a vacant unit can never be recovered. Just running expensive advertising for this space can be nonproductive. A better way might be to have a professional management company that keeps all local brokers who specialize in leasing informed […]
Read more.The Buyers For Commercial Properties
If you are new to investing in income property, you may have made a choice in advance of the type of investment property that you wish to own. There are many good types of investment properties: apartments, office buildings, shopping centers, high rise parking garages in downtown areas, warehouses, resort rentals and many others. Each […]
Read more.The Assemblage Option
The option is an extremely versatile investment tool that comes in a variety of forms and can be used for a variety of purposes. The best part of an option is that it gives the optionee (the party holding the option) control over property (in the sense of the right to acquire it) for a […]
Read more.The Appropriate Management Plan
Real estate investments can be set up to generate one or more types of returns: • Cash flow to owners (yield or return on investment). • Appreciation of owner’s capital (capital appreciation). • Shelter of cash flow and/or other income from taxation (tax benefits). • Preservation of capital (safety). Once the owner specifies the type(s) […]
Read more.Preventative Maintenance Inspections
Maintenance of any rental building, either residential or commercial, should be handled as much as possible as a routine rather than an emergency. Preventative maintenance must be performed on a regular basis to keep the level of service at the property high and to reduce equipment breakdowns and service interruptions. Toward this end, the maintenance […]
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