Despite living in an ever-expanding digital world, real estate investors still rely on the in-person perks of an open house to land a sale, fast. Sparking an interest among buyers requires much more than a veggie tray and snap tour. Instead, an open house should allow audiences to engage with you and the property first-hand. … Read more
Earlier this week, MyNOI covered what a real estate investment trust (REIT) is and how you could get involved in them. While REITs offer a great way for skittish first-time investors to try their hand at commercial real estate, there are some drawbacks to them as well. Today, we’ll cover both the good and the … Read more
It’s no secret that investing in commercial real estate can reap high rewards. Whether it be the potential for hefty returns or flexibility in maintenance expenses that draw you in, be sure to consider ways to sustain your investment before taking the leap. To quote American businessman and investor Tamir Sapir, “If you’re not going … Read more
Before you get involved in commercial real estate, it’s important to know how you plan on making money from deals. Entering the market with an understanding of what you plan to do with your property in the future can help you make the best decisions now. In this post, we’ll cover strategies for turning a … Read more
Whether they’re building a property from the ground up or are choosing to renovate an existing space to lease — commercial developers wear many hats. Toronto-based city builder and blogger Brandon Graham Donnelly put it best when he said “Developers are like an orchestra conductor. They don’t play any instruments, they just direct the performance.” … Read more
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
If you’ve ever glanced at a land-use zoning map before, you understand why people don’t bring it up in conversation often — it’s complicated. Just look up the phrase “zoning maps” in your area of interest and you’ll see what I mean. Despite the somewhat drab nature of the topic, zoning ordinances play a crucial … Read more
The week is just beginning, but already there’s lots of commercial real estate news to catch up on. Check out these four articles on Miami investments, CommLoan, the state of CRE and a call to brokers to work toward more affordable housing. As Miami’s Condo Market Plummets, Commercial Real Estate Soars The tables are turning … Read more
Ask people what a commercial real estate developer does and you’re likely to get a different answer from all of them. The fact is, being a real estate developer is a complex blend of architecture, finance, managing, engineering, hand-shaking and more. There’s no straight shot to becoming a real estate developer, but we’ll highlight some … Read more
In commercial real estate, it’s smart to think ahead and keep a close eye on the numbers. As a commercial broker with more than two decades in the ring, I’ve continued to rely on a variety of metrics, including Internal Rate of Return, or IRR, to ensure my investments are sound. IRR stands strong in … Read more
This week, I’ve spent time covering popular real estate crowdfunding websites and the history behind their current popularity. While there is a lot to be excited about when it comes to crowdfunding, it’s important to remember investing is never completely risk free. I’ll cover some of the bigger concerns here and what you can do … Read more
On Monday, I shared some of the best crowdfunding real estate sites available for you to invest with. Today, I’ll spend some time explaining the history of crowdfunded real estate. In 2012, the US Congress passed the JOBS (Jumpstart Our Business Startups) act, which legalized equity crowdfunding—the sale of corporate equity stakes through online platforms—for … 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
Defining real estate markets is a bit of a fuzzy game. In many cases, they are defined as primary, secondary, and tertiary with regards to volume of sales, population, and transaction volume amount. In general terms, Primary markets have over 5 million people, secondary markets have 2 – 5 million people, and a tertiary market … Read more