Another side of being a broker is when a client contacts you and asks how they can end a lease early. Typically speaking a company is bound to a commercial lease, and many times there might also be a personal guarantee from one of the owners of the company. The responsibility to make payments on the lease go hand in hand with the entire lease term, in some cases for many years. So what happens when a tenant can’t make their lease payments due to changing economic times?
Read MoreI often get asked how I first started investing in commercial real estate (“CRE”), and of course the next follow up question: “How do I start investing?” I think the most important facet to begin investing in CRE is to identify what your goals are. How much do you want to invest and why do you want to invest, is it to build equity; for cash flow purpose; or are you looking for larger future appreciation? CRE can provide an avenue of long-lasting income; it can help diversify your portfolio, it can offer tax benefits, and by using properly selected real estate strategies, it can produce the potential for appreciation, in addition to cash flow.
Read MoreI am very excited to let you know that we shot a video with Alan Long, Alan launched his residential real estate company DBL Realtors in Los Angeles in the late 90’ and grew to 12 offices before selling the company to Sotheby’s - In our video he talks about the genesis of the idea to launch the company, how the company changed the residential real estate industry in Los Angeles, on through his hard decision to sell his company.
Read MoreWith every New Year, many people reflect back on the previous year, what they’ve accomplished, and what they could have done better. Although important, I believe it is equally as important to look forward. It will help determine what the New Year is bringing, and what will be the best course of action for you to accomplish your goals this year. After all, the most valuable commodity for any real estate agent is time.
To maximize the effectiveness of an agent’s and your time, one must be able to address and answer specific questions. Following are some questions every agent should know the answers to, so they can be efficient and increase the odds of success for their clients.
Read MoreThe same would apply to any client looking for a commercial lease; however, instead of asking questions about the type of property or investment criteria an agent should really ask questions about the client’s business. By understanding their business needs: How many employees? How far do they commute? Future growth plans? Private offices vs. open space? Do they get a lot of clients visiting? What amenities in the area are most important to them? An agent can hone in on the exact space requirements/needs of the client, and will be much more effective in locating the perfect space for them.
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