At times finding reliable and accurate comps are hard to come by, but companies like Compstak Exchange are making it easier than ever for commercial real estate professionals to have the ability to find and exchange comps at the click of a button.
CALLING ALL INVESTORS: These are the 10 Seller Documents You’ll Have to Review
CALLING ALL INVESTORS, especially those of you who are new to investing and are looking into purchasing your first rental property. There is a ton of paperwork that comes along with any commercial real estate transaction, but what you may not know is that there are 10 very important seller documents you may have to review when it comes to buying a rental property.
Join the myNOI Broker Network!
The myNOI Broker Network?
To maximize your Net Operating Income in your investments or business and your client’s investment you need CONNECTIONS. Work networks are common. You may already been involved in other networks for business & knowledge exchange. So why join one more? Three reasons:
Multi-Family Amenities Evolving with Technology
There are a number of new and innovative technologies that are hitting the multi-family property market. These new and improved gadgets are changing the way multi-family residents live their everyday lives; not necessarily by creating brand new technologies but taking old systems and applying a completely new spin on them. Allowing multi-family properties and its residents the ability to adapt their living arrangements to this new and evolving world that is technology.
The Importance of Web Presence
If you assumed one website would solve your “marketing” as a commercial broker… think again. Your web presence includes website, social media, email newsletters, blogs, micro-sites, and a dozen other elements. When someone searches for “commercial broker” or “local broker” or “how to buy a commercial property”, you want your name to show up. Your … Read more
Commercial Real Estate Technology Helping CRE Investors
KPIs or Key Performance Indicators are an effective way for commercial real estate investors to monitor their speed, accuracy, and adaptability when it comes to navigating through day-to-day tasks. Many CRE investors monitor the KPIs of their business by implementing different CRE technologies. These three metrics; speed, accuracy, and adaptability will ultimately help investors succeed in helping their own organizations make better and faster investment decisions.
Technology Saves the Office Sector
The new year brought with it the lowest level of unemployment seen in nearly 17 years. Over 200,000 new jobs were added to the market leaving unemployment at an unchanged rate of 4.1%, adding the largest gain in wages since the end of the Great Recession.
KTGY’s Apartment of the Future 🔮 PT. 2
KTGY’s Apartment of the Future Continued – PT. 2:
WORK Becomes “CREATE”
KTGY’s working spaces become “create” spaces, inspired from the co-working trend that is popular among young professionals today. Co-working spaces from companies like WeWork, Cover, and NeueHouse not only create an engaging and unique working environment, but they also host a number of work related events like; book talks, lectures, workshops, and more. KTGY plans on creating a space that takes this co-working concept and incorporates a campus-style vibe that helps reinforces collaboration and engagement among its residents.
KTGY’s Apartment of the Future 🔮 PT. 1
Enhancing the ways in which tenants experience everyday life; from eating, sleeping, working, and playing, KTGY Architecture + Planning Tysons has been able to revolutionize apartment living for future tenants. Designing “The Apartment of the Future,” KTGY has been able to tap into the basic human needs of residents and create a living and working space that is more than just functional or expected.
An Alternative to a 1031 Exchange
If you’re a commercial real estate investor or broker then you’ve probably heard of 1031 Exchanges, but there is an alternative that may open huge opportunities for you and your clients. The Deferred Sales Trust.
The Technology That is Revolutionizing Commercial Real Estate
Commercial real estate is no longer about a simple and functional building. Tenants demand more in terms of aesthetic, functionality and recently, technology. Tenants want a work and living environment that embraces the forms of technology that create unique and inspiring experiences each time they encounter them.
Commercial Real Estate Opportunities in Bellevue and Kirkland
This month’s featured commercial real estate broker and residential agent is Kam Deol. Kam has been providing his expertise in the Bellevue & Kirkland, WA market for over a decade. By taking a bad situation and learning from it, Kam was able to sharpen his skills and learn about the real estate industry … Read more
How Data is Changing the Way We Design
We are constantly surrounded by information and data, but not many of us, especially in the commercial real estate industry know how to make use of all the data out there. Especially because there is a ton of data that we’re failing to collect right within our own properties.
The Forests Tower: An Environmentally Conscious & Affordable Multi-Family Development
Buying a home in the current market is nearly impossible, turning many hopefuls to rent instead, but even then renting in some big cities has unfortunately become an unrealistic reality. That is all about to change with many developers around the world adopting a whole new perspective on what not only works for renters but what works for the environment as well.
Retail Trends for 2018
Despite what you’ve read in the news, retail is NOT DEAD. Not according to a recent study conducted by the National Retail Federation that found that recent sales figures were actually up 4.2% year-over-year. What you may be surprised to know is that the number of sales have actually increased every month this last year in 2017.
Technology in The Multi-Family Sector
It’s no news that technology is completely changing the way live our lives on a day to day basis, but what not many have come to realize is how technology has come to completely change the way we live and function in our own homes.
The State of Convenience Store Cap Rates
Convenience stores are expected to be occupied by high-quality tenants this new year. Some of which have achieved cap rates between 4 and 5 percent in the fourth quarter of 2017. If you are a Net Lease Investor and are worried about the future of your convenience stores and their tenants, have no fear.
NEW Sacramento Investment Opportunity!
Sacramento, CA is a thriving market with a population of over 2.5 million people and a strong and growing employment market, it’s a no brainer that more businesses are turning to the Bay Area to plant their roots. In the last 12 months the area has seen an added 23,000 jobs in a various amount of markets, including: healthcare, technology, and education.
Promote your Expertise with a Branded Financial Calculator
Investors, sellers, and buyers of commercial property are researching and studying the market constantly. A Google search for financial calculator returns almost 3 million results!
How Gaming Technology is Changing the CRE Industry
If you haven’t had your try at VR or AR also known as Virtual Reality and Augmented Reality, then stop what you’re doing right now and give it a go!
Understanding IRR with Calculator
Internal Rate of Return or IRR is one of the key numbers to use in evaluating a commercial investment property. Do you know how to find it? Check out the demo of the IRRCalculator.pro – it will walk you through CAP Rate, NOI, Cash on Cash Return, and ultimately IRR.
Raleigh Retail Property – 2017 Market Review
Raleigh, Durham, and Chapel Hill or also known as “The Triangle” is continuing to attract the attention of new residents due to the record low unemployment rates and the economic growth in the area, causing the retail market to thrive.
Long Island Industrial Property – 2017 Market Review
This last year in Long Island has shown to be a pretty decent year for the Industrial commercial real estate market. With an overall vacancy of 6.9% and over 700,000 sq ft under construction, Long Island,NY proves to be a hot spot for industrial property.
Why You Should Hire a Property Management Company
As the multi-family sector of commercial real estate continues to grow the demand for these types of properties become more and more attractive to real estate investors who want to expand their portfolios and generate a nice steady flow of additional income. But if you have multiple properties in your portfolio, managing them all can become increasingly difficult and time consuming for any one person.
Charlotte Office Property – 2017 Market Review
Charlotte’s Office market this past year has shown to be reliably stable with office sales in the fourth quarter of 2017 exceeding $294.1 million and totaling over 1.2 million sq ft. According to a report done by Colliers, Charlotte’s commercial real estate market continues to drive a strong demand for office spaces, especially those that are Class A properties with prices reaching up to $32.46 per square foot.
Multifamily Dominates The Housing Market
As finding and actually financing a home becomes more and more difficult for the average person in today’s market, it seems like a no brainer that renting an apartment is a much more economical option.
Tucson Retail Property – 2017 Market Review
The Tucson Retail market showed a great amount of promise this last year. The Cushman & Wakefield report shows that Tucson, AZ had a positive net absorption of 262,000 sf, which ultimately exceeded the first two quarters of 2017 with a combined 256,205 sf.
Silicon Valley Office Property – 2017 Market Review
The Silicon Valley’s office market has shown to have a strong demand this year with gross absorption totaling over 9.3 million square feet. According to a report done by Colliers, “Silicon Valley’s Office market has recorded its twenty-first consecutive quarterly occupancy gain during the third quarter in 2017.” Showing even more promise this coming year with anywhere from 70.0 million square feet in future development.
Atlanta Industrial Property – 2017 Market Review
Atlanta’s Industrial market in 2017 has shown great promise for 2018. According to a report done by Cushman & Wakefield, Atlanta, Georgia’s industrial market had an overall positive absorption of 20.4 million sq ft, which exceeded all expectations for the area and a previous record set in 2014 by 26.7%.
10 Things To Consider Before Investing in Commercial Real Estate
Residential and Commercial Real Estate are not the same and a lot of the time brokers who’ve started their career in residential think the jump from one field into another will be an easy transition. This isn’t always true, both residential and commercial are quite different and they both require a different processes in order to complete a successful transaction.
What is “Value-Add” Investing?
You may have recently seen a number of investors flocking to invest in run-down apartment buildings with little to no tenants visible, only to turn these properties around into some of the nicest and hipist apartment buildings on the block.
REITs Hit A New Record High!
REITs or Real Estate Investment Trusts hit a soaring record high of $52.4 billion of unsecured notes this last year. For those who are unfamiliar with REITs, REITs are companies that owns, operates or finances income-producing real estate, according to Investopedia. Essentially turning the real estate market into the stock market.
Is it Time to Sell Your Apartment Property?
Are you an investor considering whether or not it is time to sell your apartment property? The decision isn’t as easy as one may think, there is a lot to consider before taking that big leap. Today we’ll visit a video by BiggerPockets’, Michael Blank. Michael will take us through his decision process with one … Read more
How to Qualify as a “Real Estate Professional” on Your Taxes
As the new tax season approaches more and more real estate investors are wondering whether or not they qualify as what the IRS calls a “real estate professional.” If you’re new to real estate investing and are curious to find out whether you fall under this category, keep on reading. You’ll be surprised to find out that there are actually 3 different categories you could possibly fall under.
Fix Your Email Templates in 2018
Time to Improve your Email Templates. Most brokers send some type of regular email newsletter. 2018 is a great time to implement at least a few improvements. If you don’t have one already, Mailchimp.com is a popular platform for managing email newsletters. Check it out. Thanks to Mailchimp we also have some real data-driven optimization suggestions. Their primary findings. … Read more
Answering your WHY …
Before you can create an awesome email newsletter you need to choose your WHY. It is the same question we all must ask: WHY am I a broker? “He who has a why can endure any how.” – Frederick Nietzsche Entrepreneur has several articles discussing the “why in business“. Here a few highlights. Its easy with the daily routine … Read more
Video: Your How to Guide on Becoming a Commercial Real Estate Broker
If you’re new to commercial real estate or are considering taking the jump over from residential real estate, check out John Highman’s video “A Guide to a Career in Commercial Real Estate Brokerage.” His video will run you through the basics of the trade and what you need to begin your new career.
New Tax Bill = New Real Estate Loopholes
After much conflict and deliberation, Congress has finally passed a new tax bill for 2018. The new bill will certainly affect those who plan to or have invested in commercial real estate. Dubbed the bill with the “most comprehensive tax changes in recent history,” this new bill has in fact taken away a number of deductions but deep within the new bill you’ll find new loopholes real estate investors will benefit from for the very first time.
Why I’m Still a Buyer in Today’s Market
These days the real estate market is certainly in favor of buyers much more than it is for sellers of real estate. This at times creates a difficult environment when it comes to seeking out opportunities for investment, but for this very reason you shouldn’t loss hope and start selling all your properties. Today on BiggerPockets.com we discover the “3 Reasons I’m Still a Buyer in Today’s Real Estate Market” and why you should be too.
CRE Lead Generation in 2018
How can lead generation for commercial real estate brokers be so similar today (2018) as it was in 2013! Well, not sure about the “join a country club”, but …. Check out this article from https://sunsunconsulting.wordpress.com re: “prospecting“. Source: https://sunsunconsulting.wordpress.com/2013/05/09/101-prospecting-ideas-for-commercial-real-estate-professionals/
5 New and FREE CRE Tools
Happy New Year!
We here at myNOI hope you had a wonderful holiday break filled with much needed rest and way too much food! But the new year is here and with it comes new beginnings…and what a better way to kick off the new year than with some new amazing and FREE CRE tools to help you get those new CRE deals up and rolling?
Who is Involved in Commercial Real Estate?
There are a number of different players involved in the buying and selling of commercial real estate and it’s important for all brokers, new and old to understand who they are and the differences among them.
4 Tips for New Brokers Selling Property
The world of Commercial Real Estate can be confusing and consist of a heavy workload, but in the end is extremely beneficial especially if you’re trying to expand your knowledge and your skill set within the real estate world. If you’re just starting your commercial real estate journey, here are a few tips that will help set you on the right path to selling your first commercial property.
4 Key Elements of a Lease
A well constructed commercial lease is very important when leasing a property, but at times they can be long and confusing. But a great lease should be anything but long and confusing, they should be simple and straight to the point.
CRE preparations for the NEW YEAR!
3 Habits leads to a successful 2018 3 habits you can put in place that will help your 2018 be incredible. 1. Read ONE ARTICLE each day from an expert. https://www.mynoi.com/cre-news https://www.biggerpockets.com/renewsblog/ http://www.cretech.com/news/ 2. Subscribe to ONE SOFTWARE to leverage your business process. IRRCalculator.pro for investment property financial analysis. https://www.propertymetrics.com to analyze CRE Explore software recommendations at http://www.cretech.com/retas/ 3. Create ONE 30-SEC VIDEO each … Read more
What can myNOI.com do for YOU?
5 Ways myNOI can help you Increase YOUR Net Operating Income myNOI Articles – each week myNOI posts multiple timely in-depth ARTICLES related to all aspects of commercial real estate. myNOI News – each day we post current NEWS to keep you current with trends & CRE happenings. Free access to Commercial Real Estate TOOLS. … Read more
The Risks That Come With Being a CRE Investor
Commercial real estate investing, like any new venture can be quite beneficial but also come with a number of risks. Some of which can take some time, persistence, and patience to overcome. If you’re new to commercial real estate investing or are considering on making the shift over to the CRE side, you’ll want to consider some of the risks that come along with being an investor.
4 Things Residential Brokers Need To Know About Commercial Transactions
Are you a residential agent considering on making the switch to commercial real estate? Having over 25 years of experience in the field, our very own Troy Muljat has a few tips all residential agents should know before making that leap over to the commercial real estate side.
Clock Hours
All real estate brokers need to complete the required number of clock hours each year to maintain their broker license. Explore some of the best options available. RealEstateSchool.org https://www.rockwellinstitute.com/wa_continuinged.asp http://www.clockhours.com/ https://www.realestatehours.com/