Commercial Real Estate Education

Finding the Right Buyer Representative

Imagine this, you’ve found the perfect office building and you’re ready to make it yours. From my previous blogs you’ve learned that inexperienced buyers can easily mistake the person showing the commercial buildings as someone who will take care of them in purchase negotiations. They don’t and here’s why: sellers want to make money and buyers want to save money. Knowing that, your search for the right buyer representative has begun. Before you hire a buyer rep, it’s important to note that not all reps are created equal. Experienced representatives are crucial in winning a fair shake throughout purchase contract

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12 Tips for Effectively Working from Home

While the world is dealing with the outbreak of COVID-19 (coronavirus), you may find yourself working remotely for the first time or working remotely more than usual. Not to worry, the 12 tips below will help you stay on track, work effectively and maintain a sense of normalcy in these uncertain times. Maintain Regular Work Hours Maintaining your regular nine-to-five schedule will make things feel normal, help you stay on top of tasks, keep you from overworking and help you maintain a work-life balance. Schedule Regular Breaks Give yourself some time away from computers and phones throughout the day. Much

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The Written Lease Is Always The Ruling Document

In previous blog posts we discussed why tenant representation is important and how without it, your business could face to pay thousands of dollars. Still not convinced? Let’s take a look at one example that happens more often than not. You’ve had a great year and your business is thriving. But with growth brings complications and you’ve now exceeded your company’s number of allotted parking spaces. According to the property manager, you’re in violation of your lease. You try and reason with them stating the previous property manager said it would be no problem if the business grew, however since

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Simply Own It – The American Dream: Increase your wealth with commercial real estate – The Cost of Buyer Representation

Brokers: The Nuts and Bolts Don’t be fooled! Many buyers confuse a seller’s broker for their representative. Inexperienced buyers can easily mistake the person showing the commercial buildings as someone who will take care of them in purchase negotiations. They don’t and here’s why: Sellers want to make money and buyers want to save money. With that in mind, it’s unfeasible for a single broker to represent both sides of a transaction. The seller’s broker has a fiduciary duty to the seller or the building owner, so representing the buyer fairly is next to impossible. When a seller’s broker insists

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Simply Own It – The American Dream: Increase your wealth with commercial real estate – Commercial Real Estate (CRE) Basics when Purchasing

Before the 11-steps of purchasing commercial real estate can happen, it’s necessary to understand a few CRE fundamentals. The key to property ownership success is twofold. Understand how CRE fundamentals fit into the larger scheme of a purchase. Recognize the importance of retaining experienced buyer representation to save money on your new commercial building. Industry Lingo: CRE is a widely used industry acronym for commercial real estate. Ownership is a Privilege Ownership of property is a luxury few countries offer business owners. Even in the USA, most small to midsize businesses owners haven’t been able enjoy the pride of commercial

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What’s trending? Things to Look Out For in The Commercial Real Estate Industry in 2020

With 2019 behind us, the future looks bright for the commercial real estate industry in this new milestone year. Factors supporting this outlook include strong property fundamentals, resilient economic activity and new digital technologies, but what do these things mean for CRE investors? Here are four trends you can expect to see in the industry this year.  Mixed-Used Developments Will Become More Prevalent  The term “mixed-use” may not sound familiar, but the development itself is anything but new. Defined as a type of development that blends residential, commercial, cultural, institutional, or entertainment uses into one space, mixed-use developments first started

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Tips for a Smooth 1031 Exchange To Help You Save Money

1031 exchange commercial real estate investment

If you’re thinking about selling an investment or business property, a 1031 exchange can be a great option to increase your cash flow by deferring taxes. Simply put, a 1031 exchange allows a taxpayer to sell an investment or real estate property and reinvest the proceeds in a similar, “like-kind” property that is equal to or greater in value. As long as IRS rules are diligently followed, capital gains on the sale of the property will be postponed. To help ensure your exchange is smooth and successful, here are five things to consider: 1. Start Looking For Your Next Property

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Simply Own It – The American Dream: Increase your wealth with commercial real estate – 11 Steps to Ownership

The first portion of Simply Own It, the American Dream, examines commercial real estate basics and the attributes of a skilled buyer representation and how to qualify them. The second portion outlines the 11-step purchase process in detail as a sample buyer, like yourself, navigates his way through the intricate process. Step One – Strategic Plan, the power of advanced preparation. Meet with your commercial real estate advisor and discuss the value of buying a commercial property versus leasing. Is this the right time for your business to purchase? Will a building purchase add to your company’s success or put

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Simply Own It – The American Dream: Increase your wealth with commercial real estate – Part 2: Ownership Pays

Ownership of a scottsdale, AZ commercial real estate property builds equity in your future; not your landlord’s. An owner reaps greater tax benefits, has an avenue to save for tomorrow and is empowered with the pride of ownership. Best of all, business owners control their destiny and add to their retirement plan. Book one of this series, SimpLEASEity™, summarizes the complex lease transaction in 11 easy steps. Book two, Simply Own It ü, perfected over twenty years, details timing of ownership in a simple and easy step by step how-to guidebook. We will: Answer important questions relevant to commercial real

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Simply Own It – The American Dream: Increase your wealth with commercial real estate.

Scottsdale Commercial Real Estate, to buy or not to buy…that is the question. Aaron has a decision to make. His successful naturopathic business is housed in a 5,000 square foot commercial building. Aaron bought the practice from his mentor and boss who founded the business on this property. Neighbors view the business as an icon within the community. Early in his profitable career, Aaron plans to practice for another twenty years in this very location. The building owner, Aaron’s landlord, hired me to sell the property with Aaron retained as the tenant. I know the building well. It sits in

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