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Tips And Tricks For Successful Commercial Real Estate Transactions

Working with commercial real estate is a difficult chore, and this collection of tips will give you ideas on how to get started. This article is filled with useful tips designed for beginners who need to learn the basics of real estate transactions.

Use a digital camera to take pictures. Make certain your photos highlight specific defects such as carpet spots, wall holes and bathroom discolorations.

Location is key in commercial real estate. Think about the type of neighborhood the property is in. You also want to look for a neighborhood that is solid and growing. Make sure that the area will still be nice and growing in several years.

Commercial transactions are significantly more time-consuming, complex and involved than the home-buying process. Understand, however, that this additional time and effort often translates into higher returns.

Net Operating Income, or NOI, is one of the most important metrics used in commercial real estate. You must understand what it means, and how it’s used. To be successful, you must stay profitable.

If you want to rent your commercial property, well built solid buildings are your best bet. Tenants are more likely to move in when they know the property is well taken care of. Maintenance is also easier, because these buildings require less repair.

Make sure that any property you’re considering purchasing has access to all the utilities you’ll need. Every business requires certain utilities, most commonly things like water, sewage and electricity.

Prior to listing your commercial property for sale, have it checked out by an inspector with at least five years of experience. This way you can make sure it is prepared in advance of a sale, and if any problems arise during the inspection you can take care of it on the front end.

Make sure that the advertisements for your commercial real estate reach both local and non-local audiences. Many people think that investors who don’t live in their city will have no interest in their property, but this is untrue. In many cases, a private investor will be interested in a property even if it’s not in their area, so long as its price is a good one.

You may have to make some repairs or improvements to your property before you can move in. The space may be due for some regular maintenance, or it may need something as simple as a new coat of paint. Oftentimes, moving walls and other fixtures is required to redistribute the floorplan. Decide in advice who will be responsible for these things and try to get landlords or previous owners to pay for some of it.

Dual Agency

Read the fine print about your real estate agent. One thing you should specifically watch out for is dual agency. In this situation, the agent will represent the buyer and seller. Dual agency occurs when the landlord and the tenant hire the same agent. You and the other party should both agree if dual agency is to be okay.

Consider all of the tax benefits when planning on commercial property investment. Depreciation benefits and interest reductions are given to investors in commercial real estate. Phantom income also exists: this type of income does not cover cash benefits but is taxed. You need to be aware of this type of income before investing.

Look for an agency that keeps your best interest in mind. Otherwise, you could be in for additional money later on due to their mistakes which could have been avoided in the first place.

Before purchasing commercial real estate, consider the area in which it is located. It is your responsibility to ensure that your property is free from environmental waste or safety hazards. Are you considering a purchase of property in an area that is prone to flooding? Reconsider the wisdom of that plan. There are many resources that can give you local weather patterns, flood patterns and insurance risk ratings, which can all tell you about the area you are thinking about buying in.

Hopefully the information contained in this article will help you to build a foundation of knowledge off which you can grow to profitable heights. By following these specially selected tips, you can practice your skills at buying and selling commercial real estate and become a real pro.

When Is The Right Time To Buy Commercial Real Estate?

You can make a lot of money in the commercial real estate market. But, you must realize that due to the stakes of commercial real estate, this business is not suited for everyone.

Take plenty of pictures of the building. Make certain that the pictures show irregularities, such as holes or bad paint on walls, carpet stains, and bathtub or sink discoloration.

Engaging in a commercial transaction often takes more time, and is more difficult than simply buying a home. Although commercial property purchases take longer you will normally receive a higher return on the investment.

In the beginning, a great deal of time might be required to spend on your investment. First you have to hunt down a good deal, and then, after your purchase, you may be required to complete some repair work or remodeling. Don’t give up just because this is a lengthy process that gobbles up large portions of your time. You will be rewarded later.

Once you have narrowed your choices down to two major contenders, you should expand your decision to include the big picture. Getting adequate financing is very important in undertaking an investment that pertains to a ten or twenty unit apartment complex. Generally, it’s like buying in bulk. As the number of units purchased goes up, the cost per until will go down.

When selling a property, you should make certain that whatever price you set is realistic. Most appraisers can’t take all factors into account because there are an infinite number of variables involved in determining the value of a piece of property. These variables can all make your property worth less than the appraisal claims it is worth.

Occupation is the key when you purchase commercial properties for rent. You are responsible for the expenses associated with keeping your unoccupied spaces updated and maintained. If you notice that you have several vacant properties, try to find out why, and look at ways of enticing tenants back in.

Do a walk-through and close evaluation of each property you are considering. It’s a good idea to hire a building contractor to come with you and do on-the-spot inspections of properties you are considering. Start negotiations by making a preliminary proposal. Consider counteroffers carefully prior to responding.

While searching through different properties, make a checklist of each tour you went on. Don’t go any further than 1st round proposal responses, unless you let the owners of the property know. Don’t be afraid to casually tell the owners that you are looking at other properties, too. Letting this fact slip may even result in your getting a more lucrative deal.

One of the most important things you should be aware of is emergency maintenance. You should ask your landlord who is in charge of handling emergency repairs. Keep their numbers updated, and know how long it takes them to arrive on average. Develop an emergency plan for those times when disruption in your services occurs. This advance planning can save your business reputation if an emergency strikes.

Dual Agency

Scrutinize any disclosures made by a real estate agent whom you intend to hire. Try to beware of dual agency. What this means is that your chosen agency has an interest in buying and selling the property. Dual agency occurs when the landlord and the tenant hire the same agent. Dual agency is something that should always get disclosure, and both parties involved should be in agreement with it.

No question about it, some real estate investments can be the road to tremendous commercial profit. Approach this activity as an investment of your money, but also of your time and hard work. This article should provide you with some tips and tricks that will help you succeed in commercial real estate.

Helpful Advice When Dealing With Commercial Real Estate

There’s nothing like a collection of useful tips to get someone started dealing in commercial real estate. Below is just such a collection that can assist the eager novice into eventually becoming a pro when it comes to buying or selling commercial real estate.

Don’t be led by hype and fads when searching for commercial real estate. Don’t jump into any investment without doing your research. If the property turns out to be wrong for you, you will regret your decision. Stay patient; it could take a year or more for the perfect property to materialize.

Whether you want to get into real estate or you’ve been into it for a while, visit some websites that will help you find out how to invest in commercial real estate. You can never know too much about commercial real estate, so keep learning!

If you trying to choose between two or more potential properties, it’s good to think bigger in terms of perspective. If you will be financing the purchase, you should take into account that doing so will require just as much time and effort for a small lot as it will for a larger lot. This works in the same way as buying bulk items from Costco. You buy large numbers of items to pay less per item.

It is important to learn and understand a metric used in commercial real estate investment called NOI or Net Operating Income. In order to be successful, the resulting number must be positive.

You deal should naturally include inspections, and you should also evaluate the credentials of the inspectors. Pay particular attention to the credentials of any pest-control experts because many of them are not licensed. Doing so, will help you avoid much larger problems after actually making the purchase.

Search for buildings that are simply designed and constructed if you’re planning on renting out commercial property. Rental spaces that appear sturdy and well-maintained tend to attract tenants more quickly. They are also easier to keep in good repair and require less repairs, which will save you and your tenants money over time.

Advertise your commercial real estate far and wide. Do not assume that only local investors will be interested. Many private investors are interested in cheap or affordable properties in other areas of the country or world.

It is essential to develop a list of emergency maintenance service providers. Ask in advance who will be handling any emergencies that arise. Know what the phone numbers are, and know what the response time is for them. Use any advice you can gather from a landlord to protect your customers with properly configured emergency plans.

Dual Agency

Ensure your legal and financial safety by thoroughly examining the disclosures of a potential real estate agent. Dual agency is a possibility that you need to be aware of. Dual agency refers to a situation in which a real estate agent represents both the landlord and the tenant in a commercial transaction. In other words, the agency is working for both tenant and landlord simultaneously. Dual agency is something that should always get disclosure, and both parties involved should be in agreement with it.

If you are just starting out as an investor, you would be well-advised to work on just one investment deal at a time. Choose one property type you would like to start with and give it your undivided attention. You want to be an ace investor in one property type rather than just OK at many different types.

Be sure to deal with a company where customer care is important prior to buying. If you don’t, you might wind up suffering over the long haul for an otherwise preventable error.

Real Estate

These tips should get you started on your way to being a successful real estate buyer. This collection of tips can help you better your selling or buying technique in commercial real estate.

Is Commercial Real Estate For You?

Finding the right type of commercial property to start your business can be difficult unless you know where to look. Read through this article to gain some helpful advice.

When diving into the world of commercial real estate, it is important to stay calm and be patient. Don’t enter into any investment opportunity without doing the proper amount of research. You could end up finding that the property falls short of your total goals, making it a regretful purchase. Some investors have to wait for a year or so before they find the right opportunity.

Do some research on the internet to learn more about real estate and investing, whether you have a lot of experience already or are completely green on the matter. Excessive knowledge isn’t a problem you have to worry about, so it always proves smart to learn all you can.

Purchasing commercial properties is more time-consuming and complex compared to the purchase of a home. Understand, however, that the intensity and duration of the process is necessary to achieve the higher return on your investment.

If you are trying to choose between two desirable commercial purchases, the larger one may be the better choice. Finding adequate financing on a piece of property takes time and patience. Just think about it as the more you buy the lower you are paying per unit, so you save more in the end.

As you comb through possible brokers, search for those who have extensive experience in commercial markets. Be sure that they specialize in the area that you are buying or selling in. Make sure you find an exclusive agreement that works for you and your broker.

Real estate deals must include inspections, so check the credentials of the inspector. You need to be especially diligent when it comes to hiring a pest control service, as many people who work in this field aren’t accredited. This helps avoid major post-sale problems.

Consider what youR actual goals are before you begin to invest in commercial real estate. Make a list of the property features most important for you, such as square footage, number of offices, conference rooms, and restrooms.

It may be necessary to invest in some renovations before you can move into the space. It may be cosmetic changes like rearranging the furniture or painting the wall. Sometimes, you may need to move a wall in order to create a better floor plan. Remind the landlord that these improvements are necessary, and use them to negotiate a lower deposit or reduced rent.

Real estate brokers for commercial properties have different areas of expertise. For example, some brokers represent landlords as well as tenants, while others only work with tenants. You may be helped much more with a broker who just works with the tenant, as that person most likely has more experience in handling tenants successfully.

Dual Agency

If the agent you are thinking of hiring for your commercial real estate transaction gives you any disclosure forms, make sure you read them carefully. One thing you should specifically watch out for is dual agency. Your real estate agency will represent each side of the transaction. When dual agency happens the Realtor on behalf of both parties. An agent should always disclose dual agency, and it must be acceptable to both parties.

The advice outlined above lays out a number of useful strategies applicable to both buying and selling commercial real estate. Use the advice you learned here to stay as informed as possible.

Should You Invest In Commercial Real Estate?

Commercial real estate is a complicated business that can overwhelm even the most seasoned professional, let alone the new guy. The following article will enable you to make informed decisions about commercial real estate, from the very beginning to end.

You should negotiate if you are the seller or the buyer. Make your voice heard and strive for fair market value pricing.

Take the time to be certain you are satisfied with a piece of real estate before you purchase it. Don’t enter into any investment opportunity without doing the proper amount of research. You are at risk of making poor decisions when rushing into things, and if your property investment does not work out, you will regret it. It could be a year-long process before you begin to see investments in your market pay off.

Real Estate

Take some time to visit websites that are devoted to commercial real estate. These sites have lots of information for both new investors and seasoned professionals. You can never overdose on knowledge. Learn everything you can about real estate.

Location is the most important factor in choosing a commercial property to buy. For example, consider the surrounding area and local neighborhoods. Also, keep growth in mind. You need to be reasonably certain that the area will still be decent and growing 10 years from now.

Commercial real estate is more time consuming, confusing and involves more than just buying a home. Yet, you should realize that the extra focus on, and length of, the process is essential in order to gain a better return on the investment.

Your investment might prove to be time-consuming in the beginning. It takes time to find a lucrative opportunity and purchase a propriety, adding to that time to carry out any repairs and alterations that are needed. Even though this work takes time, don’t lose heart! The rewards you see will be much greater at a later time.

It is important to learn and understand a metric used in commercial real estate investment called NOI or Net Operating Income. Success is about staying in the green.

It is always best to be aware of how your asking price is in relation to the market price. A wide variety of factors exist that influence how valuable your lot actually is.

Make sure you’ll be able to access power, water and other utilities for your commercial property. You will need access to electricity, water, sewer and maybe gas in addition to any unique need that your business has.

If you are considering leasing a property to someone else, then cover all your bases to reduce the risk of a default. Your tenant will be less likely to default on the lease if you do this. This is in your best interest.

Commercial Real Estate

Make sure that the advertisements for your commercial real estate reach both local and non-local audiences. A lot of people do not think that people from out of town will want to buy their commercial real estate. There are many private investors who buy property outside of their area if the price is affordable.

Before hiring any real estate broker, read all of his disclosures. It is important that you realize that you may be entering a dual agency transaction. With a dual agency, you have the real estate broker working on each side of the transaction. The real estate agency will represent both the seller and the buyer. Dual agency must be disclosed by both parties and they need to agree to it.

Looking for commercial real estate can be full of stress; it can be overwhelming for both novices and seasoned professionals. Hopefully by using the pointers in this article, you can find ways to ease the pressure of this unique market as you seek the ideal property.

Looking For The Right Commercial Real Estate

Commercial real estate transactions have many unique characteristics. The following article will help you understand how the commercial market works.

Buying commercial property takes more time, and the process is far more labyrinthine, than buying a house. You need to understand, you have to be diligent in order to get a profit.

When choosing between two similar commercial properties, think large scale. Getting the financing you need is a difficult thing, regardless of the size of the property. By choosing a larger piece of commercial property, you will be getting a better rate per unit, giving you the best potential for success.

Ask any potential broker about what experience they have had with commercial property before choosing someone to represent your interests. Make sure they are specializing in the desired area that you’re selling or buying in. Entering into an exclusive contract with that particular broker is a good idea.

You should try to understand the NOI metric. Success means that your income outweighs your operating costs.

Take a tour of properties you are considering. Think about asking a contractor to assist you in evaluating each of the properties, since they will likely see things that you may miss. After touring, feel free to begin negotiations or even make your preliminary proposal. Prior to making any final decision, you should thoroughly go over the counteroffers you have received.

You may have to make some repairs or improvements to your property before you can move in. These may be simply applying new paint or a change in furnishings. Some of these improvements may require the removal or addition of walls to create the appropriate floor plan. Remind the landlord that these improvements are necessary, and use them to negotiate a lower deposit or reduced rent.

There are different types of commercial real estate brokers. Full service brokers work with both landlords and tenants and there are agents representing tenants only. If you’re going to be a tenant, working with a tenant-exclusive broker benefits you because of their relevant and deep expertise.

Dual Agency

When searching for a real estate agent, keep their disclosures in mind so you know who they are working for. Some agents work for a dual agency. If so, the agent will represent both sides. This means the agency works for the tenant and the landlord at the same time. Dual agency must be disclosed by both parties and they need to agree to it.

As the above article has shown, you have to consider many things when searching for commercial type of real estate. Make sure to keep the advice from this article in mind to ensure that you get a fair deal that fits what you need out of the building that will house your business.

Check This Info Before Buying Commercial Property

There are a lot of reasons many people invest in the world of commercial real estate. Make sure, however, that your decision is based on sound reasoning and a solid understanding of the market. When it comes to commercial real estate, the more knowledge you have, the larger amount of money you will make. Below, you’ll find some great tips to help you start your commercial real estate career, or to add to your already wide breadth of knowledge.

Bring your digital camera along, and use it. In the “before” photos, especially, make sure that the pictures clearly show defects such as stains on the carpet, discolorations in the tub and sink, and holes in the walls.

When deciding between two viable commercial properties, it is best to think on a larger scale. Getting the proper financing is going to the same hassle for a retail building with ten outlets as it would be for a retail property with twenty or even thirty units. This is generally like buying something in bulk, the more you buy, the less it is is per unit.

Check out where the utility hook-ups are on any commercial property. Your business may have unique utility needs, but at the very least, you probably require hookups for electric, sewer, water and most likely, gas.

Less Affluent

You should examine the surrounding neighborhood of any commercial real estate you may be interested in. A business located in a well-to-do neighborhood might be more successful, since the potential customers will be able to spend more. You might want to buy a property in a less affluent neighborhood if you are selling products or services that less affluent people would find attractive.

Lower the risk of default by eliminating as many things that can be labeled “event of default” as you can prior to negotiating a commercial property lease. This can decrease the chances of tenants defaulting on that lease. This type of situation is considered very undesirable.

Take a tour of a property you might purchase. You can even take a contractor with you to provide expert advice. Start the negotiations, and make the necessary preliminary proposals. Think long and hard about the counteroffer before deciding to accept or decline.

Keep letters of intent simple by tackling large issues before sweating the small stuff. This will make the negotiations faster and less tense, and it will also cause the lesser issues to be completed easier.

When viewing multiple properties, be sure to get a checklist from the tour site. After you collect your first proposals from all the property owners, let them all know that you’re looking at other properties before you make your decision. Do not be shy about mentioning that you’re also looking at other properties that day. This may help you by creating a sense of urgency on the seller’s part.

Emergency maintenance should always be on your need to know list. Talk to the building’s landlord about the person who currently handles emergency repairs. Keep the contact numbers handy, and ask them in advance what their response time is. In case a maintenance emergency should happen, you can use the information provided to lay out an emergency business and customer service plan to save your company’s reputation in case your business is interrupted.

Dual Agency

Carefully peruse the disclosure statements issued by the real estate agency you intend to hire. Never neglect the fact that you may be dealing with a “dual agency.” In this case, the agent is two-faced: she is representing both parties to the transaction. In effect, while you are paying the agency, they also work for the opposite side; if you are a prospective tenant, for example, the dual agency represents the landlord, as well. If dual agency is the case, it should be out in the open and both the landlord and the tenant should be in agreement with the arrangement.

Before you invest in real estate, be certain that you understand the implications regarding your taxes. For example, commercial real estate investments garner you deductions for interest on top of your benefits for depreciation. “Phantom income” is a taxed income, but not income received as cash. You should be mindful of phantom income prior to investing.

Commercial Real Estate

As stated earlier, there are a lot of exceptional reasons to look into commercial real estate investments, but being knowledgeable on the opportunities is important. Use these tips for any commercial real estate necessities so that you can boost your profits.

The Fundamentals To Being Successful In Commercial Real Estate

Buying commercial properties can be a dichotomy. You may make enormous profits or suffer large losses. You should be wise about the particular properties you invest in, as well as how exactly you go about securing the resources to buy them. This article will help you make an educated decision in most property matters.

Buying commercial properties requires plenty of perseverance and calmness. You should never rush into a possible investment. You may soon regret it when the property does not fulfill your goals. Plan to keep your eye on your market for as long as a year if you want to find the right investment.

Pest Control

If you are looking to lease or rent, the issue of pest control is a critical one to address. Getting pest control covered is especially important if you are renting in a building or area that has had previous pest issues.

When interviewing potential brokers, ask them to tell you about their experience level with the type of commercial investments you are interested in. Make sure they have their own expertise in the area of your curiosity or it could be an endeavor wasted. Most brokers will require you to have an agreement to work exclusively with them.

Find out more about net operating income. In order to succeed, you should focus on keeping your figures in the positive.

Empty Units

Keep your rental commercial properties occupied. Remember that if you have empty units, you have to take care of them. Maintenance costs on empty units can add up. If you have several properties open, you should ask yourself why, and attempt to correct the issues that may be driving out your tenants.

If you are negotiating a commercial lease, make sure nothing can be considered as events of default. This decreases the chances that the tenant will default on the lease. You, of course, would not desire this to occur.

You might need to reconfigure the interior of your property before you can use it properly. The improvements can just affect surface appearance like painting the walls or moving furniture around. In many cases, walls must be moved and floorplans rearranged. Who is going to pay for such improvements is something you should seek to negotiate in advance of the actual signing or formal purchase.

When searching for a real estate agent, keep their disclosures in mind so you know who they are working for. It is important that you realize that you may be entering a dual agency transaction. In a dual agency the Realtor represents both parties of the transaction. This means the broker represents you and the landlord during the transaction. The fact that the agent is representing both parties must be disclosed to everyone involved and those parties must sign off on it.

Property Type

If you are novice investor, you should start off with just one single type of investment. Decide on one property type and educate yourself about the best way to handle it. You want to be an ace investor in one property type rather than just OK at many different types.

The decision to invest in commercial properties can carry significant tax benefits. Investors can get interest deductions and depreciation benefits too. However, sometimes an investor can receive taxed income that is not taken as cash, otherwise known as “phantom income”. Try to understand this before you invest.

Stick with a firm that is looking out for your best interests before you enter into an agreement. If you don’t do this, you might get taken advantage of or wind up paying much more money over time.

Clearly, investing in commercial real estate will not bring you money for nothing. Not only do you need to put forth a sizable initial investment, you also need to spend additional time and effort making the venture work. You may still lose money if you go ahead with all of those things.

Follow These Pieces Of Advice To Successfully Deal With Commercial Real Estate

So, after much deliberation, you have decided that you want to enter the commercial real estate market? You may have a ton of questions, but this article can help. Here are some ideas that can assist you in embarking on a career in commercial real estate.

If you’re a buyer or if you’re a seller, it’s important that you negotiate. Fight for the best price possible and make sure that all parties involved listen to you.

Before you make a large investment in real estate, take a look at local income levels, unemployment rates and the expansion or contraction of local employers. Having a house located near a hospital, business sector, university or other school will greatly increase your home’s value, and provide you with a better chance for quickly selling it.

Take digital pictures of the place. Make sure the picture shows the defects (such as spots on the carpet, holes on the wall or discoloration on the sink or bathtub).

Real Estate

If you want to learn a lot about real estate, check out several websites that offer a lot of information to both experienced and new real estate investors. You can never have too much knowledge.

When purchasing any type of commercial property, pay close attention to the location of the real estate. When investing in a property, consider what type of neighborhood it is located in. Also, keep growth in mind. You need to be reasonably certain that the area will still be decent and growing 10 years from now.

Residential property transactions are much less intricate and protracted than are commercial transactions. But, you should realize that the nature of such deals is critical to maximizing the profit potential of a prospective property.

You must absolutely confirm that your real estate’s asking price is realistic. There are a lot of factors that determine the value of the lot.

Be certain the commercial property you are considering has good utilities access. Every business has unique requirements, but for most, electric, water and sewer access will be required.

Have property professionally inspected before you decide to put it up for sale. This way you can make sure it is prepared in advance of a sale, and if any problems arise during the inspection you can take care of it on the front end.

Dual Agency

If you are thinking about hiring any real estate professional, read over all their disclosures. There is a possibility of a condition called dual agency. This means the same agent will be representing the two parties. This will mean that the agency will work with the landlord and tenant simultaneously. An agent should always disclose dual agency, and it must be acceptable to both parties.

Be aware of the potential tax benefits of investing in commercial property. Not only are there interest deductions, but also depreciation benefits to be aware of. Other investors deal largely with “phantom income” – income that is not paid in cash, yet is still taxed. You need to know this kind of income prior to investing.

Commercial Real Estate

Now you are thoroughly more prepared for commercial real estate success. If you thought yourself ready prior to this article, think about what you know now! The hints and tips you’ve been given should assist you in making informed and successful decisions, regarding commercial real estate.

Buy Or Lease? What Is Best For Your Business?

No matter how experienced you are with commercial real estate, it can be a difficult business to succeed in. This article will give you some great advice to make your commercial property dealings proceed more smoothly.

Don’t make any big real estate purchases until you’ve evaluated the unemployment rates, income levels, and expansion rates of the area. If your house is near a hospital, university or other large employment centers, they will usually sell quicker and also, at a higher value.

One of the most critical considerations for valuing a commercial property is its physical location. When investing in a property, consider what type of neighborhood it is located in. Also, keep growth in mind. By calculating growth in similar areas, you will be able to ascertain whether the piece of property you are looking at is going to continue growing.

When you have to decide between two commercial properties, think on a bigger scale. Getting adequate financing is very important in undertaking an investment that pertains to a ten or twenty unit apartment complex. However, buying several units will cause the price of an individual unit to decrease.

Net Operating Income, the commercial metric for real estate, needs to be understood. To succeed, have positive numbers.

When selling a piece of commercial property, it is wise to ensure that you ask a realistic price. There are a number of variables that can affect the realistic value of your property.

If inspections are included in your real estate transaction, as they usually are, make a request to see the inspectors’ credentials. This is especially true of people who work with insect or pest removal, as there are many non-accredited people working in these fields. You want to avoid a future liability that can come after the sale, if the inspection was not correct.

If you have the intention of offering your commercial real estate for rent, look for buildings that are simple and solid in construction. Tenants will be interested by buildings that look well-cared for. Investing in good buildings will save you money on repairs later.

Commercial Properties

If you own commercial properties for rent, you should always attempt to keep them filled. Empty commercial properties mean a building that you are having to maintain without any income being received. If you notice that you have several vacant properties, try to find out why, and look at ways of enticing tenants back in.

Before you enter into any negotiations for a lease on commercial real estate, attempt to decrease anything that may be thought of as a default event. If you cover all the applicable issues, then you make it far less likely that potential tenants will default on their lease. This is something that you don’t want to happen under any circumstance.

Dual Agency

Scrutinize any disclosures made by a real estate agent whom you intend to hire. Try to beware of dual agency. When dual agency exists, the agency advocates for both parties in the transaction. This means that the agent is representing the interests of the lessor and lessee simultaneously. You and the other party should both agree if dual agency is to be okay.

Even the most advanced commercial property hunter can be challenged when looking for a new investment. The article below will help to lower the stress involved, and have a pleasant experience during your hunt for commercial real estate.