So here goes. Top 10 commercial real estate investor traps to watch out for: 1. Not knowing your surroundings: Look at the surrounding properties and the vacancy rate in the area. Will you be able to lease out your space at the same rate if one of your tenants leaves three months after you purchase the property? [...]
You have a good idea about what you’re looking for and what you can afford in your next commercial real estate investment. Excellent. Now’s the fun part—the hunt for the perfect commercial property. Sometimes in our enthusiasm-- “It’s a beautiful property in the best zip code...”-- we lose sight of important practicalities. Keep these considerations [...]
Some tenants believe that securing a great rental rate is their only responsibility in lease negotiations. Let the attorneys handle the rest. Big mistake, and a costly one at that. There are many other business decisions that are the tenant's responsibility to be aware of and bring up during the lease negotiation process. Here’s are the [...]
Don’t let the stunning property, the prestigious address or the trendy office space distract you. In commercial real estate, as in any business, it’s about return on investment. When you stay focused on what factors lead to a healthy ROI, success is sure to follow. Here are some tips to consider as your make your [...]
How to create a five-star reputation at your commercial properties and why it’s more important than ever.
You’ve probably noticed that nowadays everyone blogs and posts about everything. Word spreads like wildfire across the Internet and social media which can help make or break a company’s online reputation and business. You can thank or blame Google and other search engines depending on which side of the star rating system your company or [...]