Many of the business clients we work with invest their wealth into properties and real estate and because of this, over the years we have become experts at helping them succeed! Commercial Real Estate has always been said to be a “safe bet” as an investment for your wealth. But as anyone who owns commercial real estate can tell you, it can come with it’s share of headaches. First you have to ensure that the properties are in good shape so that renters will not be turned off by the appearance and amenities. This costs time and usually lots of money. Next, you need to find and be able to properly attract, and qualify potential tenants. This requires an effective advertising and marketing campaign, money, and staff to assist you with this. Next, you need to find out what is the going rate for the space that you intend to rent, and be open to the fact that most tenants are going to want you to “adapt” or “customize” the space they want to rent if they are going to sign a long term lease. This requires general contractors, project management support, and again more time and money. Lastly, you need to ensure that those that do rent, pay rent on time, do not destroy your property or common areas, that their needs for repairs or upkeep are met, and that they stay and renew their leases. You need a property manager, staff and money for these things to happen.
As an entrepreneur investing in real estate, you will quickly learn that it, is in fact, another business venture that requires you to have the right people in the right place doing the right things all while ensuring maximum profitability. Are you equipped to handle all that it entails to be a successful commercial real estate owner? Do you have the right resources that it takes outsource these duties until you are large enough have them all in house and the extra cash flow to handle the upkeep of these properties?
Whether you are fully established or just starting and need help with the people aspect, the outsourcing of duties, the time, or the money to help you in these business endeavors, our team of Commercial Real Estate Consultants can help your business ventures soar! We will help you ensure that you have a Plan for Success to ensure that your dream of investing your wealth into properties doesn’t become a nightmare. Contact us today to find out more about how we can assist you!