• Commercial Property Investing - Tips for the Beginner Commercial Property Investing - Tips for the Beginner

    0 comments / Posted on by Steven Rivera

    Commercial Property Investing - Tips for the Beginner

    Commercial real estate properties typically refer to retail, industrial, office, warehouses, mixed-use, and apartment buildings. Did you know that investing in commercial real estate offers numerous advantages and potential benefits to the savvy investor? These advantages include: steady cash flow, readily available tenants, lower vacancy risks, and higher income potential.

    However, before simply buying any commercial property, investors must complete due diligence, to ensure the property aligns with your investment strategy.

    Determine if Commercial Property Investing is the Right Strategy for You

    Like residential real estate, investing in commercial properties will require your own due diligence. These complex real estate transactions will help you first understand if the potential property fits the right investment strategy for your financial needs and goals.

    Cash Flow

    As its name suggests, a cash flow strategy involves understanding and managing your expectations. Before you move forward on this type of strategy, ask yourself the following types of questions.

    • If the property has a lower monthly cash flow, does that mean it’s not as good of a deal?
    • If the property has a higher monthly cash flow, but has other risks, does this mean that it is a good choice for my portfolio?

    As you answer these questions, keep in mind that the strategies will be different for each property. Identify your expectations, manage those expectations, and then with an unbiased view, determine if the property will meet these expectations and thus reach your financial goals. Finally, the goal of cash flow properties is...

    Commercial real estate properties typically refer to retail, industrial, office, warehouses, mixed-use, and apartment buildings. Did you know that investing in commercial real estate offers numerous advantages and potential benefits to the savvy investor? These advantages include: steady cash flow, readily available tenants, lower vacancy risks, and higher income potential.

    However, before simply buying any commercial property, investors must complete due diligence, to ensure the property aligns with your investment strategy.

    Determine if Commercial Property Investing is the Right Strategy for You

    Like residential real estate, investing in commercial properties will require your own due diligence. These complex real estate transactions will help you first understand if the potential property fits the right investment strategy for your financial needs and goals.

    Cash Flow

    As its name suggests, a cash flow strategy involves understanding and managing your expectations. Before you move forward on this type of strategy, ask yourself the following types of questions.

    • If the property has a lower monthly cash flow, does that mean it’s not as good of a deal?
    • If the property has a higher monthly cash flow, but has other risks, does this mean that it is a good choice for my portfolio?

    As you answer these questions, keep in mind that the strategies will be different for each property. Identify your expectations, manage those expectations, and then with an unbiased view, determine if the property will meet these expectations and thus reach your financial goals. Finally, the goal of cash flow properties is...

    Read more

  • Tips for First-Time Landlords Tips for First-Time Landlords

    0 comments / Posted on by Steven Rivera

    Tips for First-Time Landlords

    Hello to all you first time landlords!  We have comprised our top 8 tips for new landlords and our hope is that this article will educate you so that you don’t make the same common mistakes that most new landlords make.

    1. Make Rent the Priority

    Rent is your revenue. It’s amazing how many landlords are not aggressive in pursuing rent and late charges. It’s sometimes a good idea to work with people who generally need help … if they communicate with you.  But if your tenants just stop paying rent and ignoring your calls or texts, you need to start eviction proceedings. Otherwise, your tenant could be six months behind on rent before you know it, which makes this probably the most important of all the landlord tips.

    2. Partner With The Right Investor

    We have amazing business partners who are completely honest and transparent, two qualities that are absolutely critical when choosing your business partners. For some reason, some new landlords are very willing to partner with somebody they barely know just because a deal looks good. This is usually a mistake.
    The first time we invested, we chose a business partner who we have known for over ten years and this is why we felt comfortable doing a business transaction together. We are not saying that you need to know someone for that long period of time but what we are saying is that you definitely need to do your due diligence before investing with someone for the first time...

    Hello to all you first time landlords!  We have comprised our top 8 tips for new landlords and our hope is that this article will educate you so that you don’t make the same common mistakes that most new landlords make.

    1. Make Rent the Priority

    Rent is your revenue. It’s amazing how many landlords are not aggressive in pursuing rent and late charges. It’s sometimes a good idea to work with people who generally need help … if they communicate with you.  But if your tenants just stop paying rent and ignoring your calls or texts, you need to start eviction proceedings. Otherwise, your tenant could be six months behind on rent before you know it, which makes this probably the most important of all the landlord tips.

    2. Partner With The Right Investor

    We have amazing business partners who are completely honest and transparent, two qualities that are absolutely critical when choosing your business partners. For some reason, some new landlords are very willing to partner with somebody they barely know just because a deal looks good. This is usually a mistake.
    The first time we invested, we chose a business partner who we have known for over ten years and this is why we felt comfortable doing a business transaction together. We are not saying that you need to know someone for that long period of time but what we are saying is that you definitely need to do your due diligence before investing with someone for the first time...

    Read more

  • Easy Ways to Spruce Up Your Rental Property Easy Ways to Spruce Up Your Rental Property

    0 comments / Posted on by Steven Rivera

    Easy Ways to Spruce Up Your Rental Property

    When it comes to getting your property rented –and fast, you need a way for it to stand out from the crowd.

    While many landlords shy away from renovations, fearing the cost will be too high, the truth is that you don’t have to spend an arm and a leg to get your rental presentable. Often, simple improvements and even basic, low-cost upgrades can make all the difference.

    Not only will a facelift help your rental to attract more interest from applicants, but it can also help to set the standard for the tenants that you end up getting in your rental. Keeping your rental in good shape shows your tenants the type of condition that you expect them to keep it in as well, and encourages them to treat it right.

    You don’t have to break the bank, tear down the walls, and upgrade every room in your house to make your rental more appealing. Here’s a look at some simple upgrades that can help your property to stand out.

    Give It a Fresh Coat of Paint

    There’s nothing like a fresh coat of paint! A new coat is one of the fastest and most cost-effective ways to instantly improve your rental’s interior. In fact, many landlords opt to paint the main living areas in between each tenant.

    If you’re planning on doing the job yourself, just remember that the secret to a good coat of paint is largely in the prep work that you do. Don’t skimp on time, make sure the walls are...

    When it comes to getting your property rented –and fast, you need a way for it to stand out from the crowd.

    While many landlords shy away from renovations, fearing the cost will be too high, the truth is that you don’t have to spend an arm and a leg to get your rental presentable. Often, simple improvements and even basic, low-cost upgrades can make all the difference.

    Not only will a facelift help your rental to attract more interest from applicants, but it can also help to set the standard for the tenants that you end up getting in your rental. Keeping your rental in good shape shows your tenants the type of condition that you expect them to keep it in as well, and encourages them to treat it right.

    You don’t have to break the bank, tear down the walls, and upgrade every room in your house to make your rental more appealing. Here’s a look at some simple upgrades that can help your property to stand out.

    Give It a Fresh Coat of Paint

    There’s nothing like a fresh coat of paint! A new coat is one of the fastest and most cost-effective ways to instantly improve your rental’s interior. In fact, many landlords opt to paint the main living areas in between each tenant.

    If you’re planning on doing the job yourself, just remember that the secret to a good coat of paint is largely in the prep work that you do. Don’t skimp on time, make sure the walls are...

    Read more