If you and your broker are negotiating a piece of commercial real estate

January 6, 2013 | Author: | Posted in Real Estate

When investing in commercial real estate, you must ensure that you and your assets are protected. How are your assets protected? What’s at stake if there is a law suit? Buying coverage up front to protect yourself is what you need to do; it is much cheaper than fighting a law suit in court.

If you are not making enough money with your investment, consider raising the rent. You should justify this increase by explaining to your renter why you cannot afford to manage your property with the rent they are currently paying. Give them enough notice so that they can look for something else if the new rent is too much for them.

Commercial real estate is very good for two primary purposes. The first way to invest in real estate is to come up with an idea for a business and purchase the land. Another good investment opportunity is to purchase the land but then rent it out to another businessman.

If you and your broker are negotiating a piece of commercial real estate that you want and receive a poor offer, do not dismiss. Initially, you will usually not get the best price, as this is a typical haggling method. Talk with the seller and try to reach a compromise.

If you are in the market for commercial real estate, be sure to know what you need the property for. Will the design layout and the square footage be what you need for your business? Also, check the electrical and plumbing to make sure it is all up to code.

Ask your leasing agent about the company’s policy about returning your security deposit. Some companies will deduct cleaning costs, tear and wear regardless of the condition of your apartment when you move out. Have a clear picture about the fate of your deposit before you sign the lease, as you might lose a significant amount of money when you move out.

An important tip to remember with rental real estate is that you want to make sure you have a good feel for your tenants before renting out to them. This is important because you not only need to plan as best you can for how long they plan on renting, but also if they will make payments on time and treat your property well. Treat the meeting like a job interview and treat your property like a prize.

As you can see from the above list of tips, smart buying of commercial real estate can be very helpful in getting the commercial property that you want, without losing money. After following these tips, you will no longer be new to buying commercial real estate and you will soon be an expert on buying commercial property.

Learn more on esher farms for sale or virginia water farms for sale.

Author:

This author has published 9 articles so far. More info about the author is coming soon.

Leave a Reply

*

This site is protected by Comment SPAM Wiper.