All posts in Property

You Can Sell Your Commercial Property Regardless Of The Economy

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With commercial properties reaching well into the millions, most investors are not capable of financing and managing a property independently. A trustworthy, resourceful investment partner can open doors to higher-priced opportunities and more risky endeavors. In return for an amount of cash or even credit, you can return the favor by promising your partner a portion of the cash flow generated by the property.

Your job does not stop once you have rented your buildings. You will need to keep a close eye on the small community you are renting it to. Make sure it is a safe environment where people are satisfied. Consider evicting a renter if they are degrading this safe environment.

Even if you have already purchased a commercial real estate property, it is important to keep in mind that it is a long process. Some commercial property owners grow impatient with the process and want to give up on it. Just remember, everything has to be made official, documents need to be signed and possibly, repairs need to be made.

Take the time to consider your investment options when you decide real estate is where you want to make money. Consider the variety of properties you may want to own. Will they be commercial or residential? Will they be single units or multiple units? Decide how much you are willing to spend on renovations.

Investing in real estate can be a tricky proposition if you get your emotions involved. Real estate deals will come and go and if you sacrifice your emotions on any given deal, you will surely make unwise choices or spend more time on regret than business. Keep your focus on the end result, not the deal that you missed.

When it comes to buying commercial real estate, if the terms of the loans you are being offered are higher than what you expected, be prepared to walk away. It is difficult when you have already put so much time and energy in, but if the balance sheets wont fit in a higher than expected payment – get out! You dont want to end up over your head on a project of this size.

Always make sure that youre as informed as possible when dealing in commercial real estate. This unforgiving market will break you if youre not prepared to deal in it. Reading the tips above is a good way to get started, but the onus is on you to put these tips into practice and use them wisely.

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Financing Commercial Property Investments

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Commercial properties are probably the most expensive among real property types. Because commerce is a vital part of a society, commercial properties have a big potential of gaining huge profits. People believe that commerce is the biggest provider of income, so commercial properties have a very high demand.

It is a known fact that commercial properties are difficult to finance. One way of financing them is by getting secured loans. Instead of paying the full amount immediately, the money can be borrowed from a financial institution then paid back by installments for a certain period. This is a good financing scheme that can be advantageous to the investor, especially if the loan terms suit his/her financial capability.

Small business loans are beneficial to starting businesses. SBA loans are accessible to investors because the guarantee comes from the government. Just like the traditional property financing, SBA loans require collaterals as guarantee to the loan. However, interests are being put to monthly payments. SBA loans have lower interests compared with the other types of loans.

Another way of acquiring commercial real estate investments is through seller carry back system. This is a more convenient way of borrowing funds for the investment. The seller acts as the lender by allowing the buyer not to pay the property in full but on a regular basis. A seller carry back note will be given to the seller to delay the collection of payment. That way, paying for the property can be delayed.

Lease financing can also be an option to get commercial real estate investments. It is an alternative to the direct purchase of a property. In lease financing, the lessee/tenant can use the property within a particular period without paying for costly fees and taxes. In a normal lease financing scenario, it is the owner who takes responsibility of paying for property taxes and maintenance costs.

Those are just some of the ways by which commercial real estate investments can be obtained. It will be better if an expert’s advice is sought before venturing into this kind of investment so that wise financing schemes are carried out.

Ways To Keep Good Records Managing Your Rental Property

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When it comes to real estate property you must know how to keep good records and managing your rental property at all times. If you purchase one property, you might be able to get by with stuffing receipts and cancelled checks, but if you own multiple properties, you’ll need a better way to organize your finances or you will lost a lot of accounting.

No matter how little money you earn through rental income, you need to keep track of it for tax purposes. If you have only a handful of rental properties, you could probably track your rental income using a computer program.

If you have dozens of properties, you’ll probably be better off hiring an accountant. An accountant can not only free your time but also advise you on the best way to save on taxes and keep track of rental expenses.

Create a rent roll, listing the name of each tenant, the amount of rent paid , and the date when it was received. A rent roll enables you to track your monthly rental income.

Set up a folder for each rental apartment or house you own. In this folder, put leases, correspondence with your tenants, and a maintenance log that shows when repairs were made, how much they cost, and when they were completed.

By keeping such a setup, you can quickly track down documents as evidence in case you need to settle a dispute in court between you and a tenant.

Set up a separate checking account strictly related to your rental properties. When you receive your rental checks, deposit them in this checking account. When you pay the repair or maintenance bills related to the rental property, write a check from your rental checking account.

Now when you pay yourself, write a check to yourself from this checking account. By using a separate checking account, you can easily track the cash coming in and expenses coming out. Then you can see how much money you’re making from your rental property. A separate checking account tracks your income and expenses for tax purposes.

New Partner strengthens the Trethowans Commercial Property Group

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Salisbury and Southampton solicitors Trethowans have bolstered its Commercial Property Group with the hire of Jennifer Rogerson as Partner.

Jennifer is a highly experienced commercial property solicitor who qualified in 2003 with Trethowans and most recently was with Shoosmiths in their Reading office.

Jennifer has many years of experience in advising property clients on a wide range of real estate matters with a particular focus on landlord and tenant matters and transactions involving the leisure, retail and care home sectors. She also has a great deal of experience in property-based funding work, having acted for a number of banks and lending institutions.

Jennifer prides herself on understanding client’s businesses and taking steps to ensure her advice meets the commercial needs of her clients. She has worked closely with various clients in order to develop service manuals containing precedent documentation and procedure guidelines. The bespoke documentation reflects the client’s specific requirements which assists in driving down timescales and costs.

Commenting on her return to Trethowans, Jennifer said; -I am delighted to be returning to Trethowans. Trethowans has a growing reputation for providing quality legal services to a very impressive client list which includes many notable household names and I am delighted to be part of the team.-

Commenting on Jennifer’s arrival, Chris Twaits, Partner and Head of the Commercial Property Team in Southampton said, -We are delighted to welcome Jennifer back to Trethowans. Jennifer is a real talent and her appointment is further evidence of Trethowans continued commitment to expanding key areas of the firm. Trethowans is very much a firm on the up as is confirmed by Jennifer’s choice to leave a well regarded firm such as Shoosmiths to join Trethowans. This sends out a very strong message.-

For more information visit Salisbury and Southampton solicitors http://www.trethowans.com/

Intro To Industrial Units And Commercial Property

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Commercial property, industrial units and offices are becoming more and more valuable to their owners. Whether bought to use by the owner or bought to let to other businesses, the value of these units and offices have huge potential for long term capital gain.

Every business whether service based or manufacturing needs premises to operate from and this is what makes industrial units and commercial property so valuable. Owning a commercial property gives a business a major advantage. It increases the value of a business hugely and means that a company has a valuable asset which can be used in various different ways. Firstly, owning and using the property eliminates rental bills incurred when a company has to rent their industrial unit or office from another company. Secondly, the business has a sellable asset which can be turned into capital if necessary. Finally, the business can create revenue by renting out all or part of the unit to another company.

Industrial units and offices can vary hugely in size and design. From small 1000 square foot office space through to 30000 square foot industrial units encompassing storage space, offices, workshops and manufacturing areas. The offices and units can be used simply for storage and be very simple in design and facilities, consisting of merely shelving, lighting and a lockable roller shutter door. On the other end of the spectrum the commercial property can be multi faceted and consist of purpose built reception and office areas including toilets, kitchens and pedestrian entrances coupled with industrial units with the room to store goods and fully working industrial machines to allow for manufacturing and production.

Industrial units, offices and commercial property all need to be designed and built to high standards. They must be equipped with all the facilities needed by a modern company on a day to day basis. Any business needs a good quality property, whether bought or leased, in order to perform their own functions to a high standard. A small internet service company for example must have offices which allow for their employees to work in comfort and carry out their tasks and also must have very secure and high standard storage spaced for servers and computer equipment. The quality of build and workmanship needs to be of the highest quality to ensure both comfort and functionality for the employees. As well as this an industrial unit built to high standards will retain its value as an asset for longer than one of inferior quality and will also allow for higher rent to be demanded from potential tenants.

Companies who design and build these industrial units and offices need to not only design and build the commercial properties but also offer services such as detailed drawings for planning permission, structural calculations, reports for building regulators, layouts and footing design diagrams as well as free estimates. R3 North West perform all these tasks for their clients as well as designing and building top specification and high quality industrial units and offices. Their exciting and modern designs are all built to the highest standards and offer businesses solutions to problems with premises.

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