logan piercy - Successful Commercial Real Estate Investments

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Successful Commercial Real Estate Investments

• logan piercy

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• Commercial real estate investing is on the rise.
  In fact, in New York City, commercial real estate
  sales went up 32 in 2011 compared to 2010 with
  24 billion in sales. That's also 193 over 2009
  levels, which suggests a tremendous amount of
  growth considering present economic conditions in
  the United States. But it's not fool proof. 

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• Don't focus on the price of the property when
  looking for potential real estate investments.
  Sure, the property may be attractive in terms of
  price, but if tenants don't possess what it takes
  to have true staying-power, they won't last in
  their location, and your investment won't thrive.
  Look for tenants who have sound business models
  with good, clean records, and loyal customers.
  Look for tenants who have a record for good
  customer service.

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• Your investment will thrive with good, steady
  income. That means finding tenants who have good
  credit lines, little to no debt, and have a good
  track record for paying rent on-time. This
  includes finding tenants who are easy to get a
  hold of and are good about following up if there
  are any problems. No landlord wants to have
  tenants who are difficult to get a hold of.

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• Be a good landlord. Make sure you, yourself, are
  available at all times, should there be an
  emergency. Be prompt about returning phone calls
  and be thorough when it comes to what you expect
  out of your business relationship with tenants.
  That's what you must think of this as - not just
  a business venture to make you money, but a true
  working relationship with your tenants.

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• Looking for opportunities to grow. Is there an
  available, distressed property close to a
  vibrant, growing downtown area, close to other
  businesses and local shops? This is a worthy
  investment opportunity. However, if it's a
  distressed property where other nearby businesses
  are boarded up, you should strongly reconsider
  your investment.

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• Look for an area with a diverse economy and a
  multitude of local business industries. Don't
  invest in an area or city that thrives only on
  one type of industry, such as a local power plant
  or auto manufacturing. Instead, go for an area
  where people are employed in a variety of
  industries.