A Quick Re-cap (no-pun intended) As you likely know already, the cap rate is a ratio used to estimate the value of income producing properties. It is the net operating income (NOI) divided by the sales price or value of property, and is expressed as a percentage. The cap rate is used by appraisers, investors, … Read more
This week, I’ve covered the responsibilities of a property manager and the skills they should possess. As I mentioned when we began, there are two paths to take with property management. With the first, you take charge yourself and adopt the responsibility of overseeing your buildings. The other route is to pay a property management company … Read more
Yesterday, I covered the responsibilities you take on when you adopt the role of property manager. Today I’ll cover some of the skills of a commercial property manager. These are the talents they should have and the behaviors they should exhibit. Before you decide to do the job yourself, make an honest evaluation and see if these … Read more
The ink is fresh on the contract, and you’re now the proud owner of a piece of commercial real estate…but now what? Property management! Over the next few days, I’ll cover the important the responsibilities of a commercial property manager, the skill set it require, and what to look for when hiring a third party. … Read more
To help manage the colossal scope of their industry, commercial brokers and investors have split it into five types of commercial real estate. Below, I’ll talk about what these different categories include and what to look for when investing in them. Office Office buildings range in size from the small suburban office parks to the … Read more
The world of commercial real estate is filled with enough intimidating jargon to fill a book, which is exactly what Realtor.com did. Their “Commercial Real Estate Glossary” is a handy guide to bookmark in case you ever find yourself unable to remember what a NNN is or wondering what you may be in store for with LPTI.