Commercial Property: How to Keep Your Tenants

 A good commercial property investor and owner knows that in order to keep earning from assets, tenants must be kept happy. Besides, with nobody interested to lease, it’s impossible to get a rent let alone a profit that screams ‘financial freedom’. So what’s the secret then? How do landlords and investors keep their tenants and do away with rent vacations for their commercial property? Well, here are a few tips how.

  • Keep things clear early on. – All rules and terms of the rental must be clear between both parties and signed to a contract. Doing so safeguards the rights of both parties and makes the responsibilities of each one crystal clear.
  • Prepare the unit. – Interested tenants will always want to visit and inspect before they commit. Be sure to always have the space ready in case someone decides to pay a visit.
  • Be at the top of repairs. – Repair responsibilities should be established early on. Also, it is a must to always be on call to ensure that any needed emergencies are solved whenever they decide to pop up. Tenants would absolutely hate it to have to call again and again just to get, say a broken pipe, fixed.
  • Always be available. – If you can’t do everything on your own, hire a property, manager instead. Someone has to be on call and available for any inquiries and concerns. In the same manner, it would be beneficial to call or visit tenants at least once a month just to check on their concerns.
  • Offer incentives. – To encourage your tenants to stay with you for long, you can establish a rewards program of sorts. For example, a discount may be given if rental dues are paid in advance or a commission is given to those that can refer a new and qualified tenant.
  • Keep rental prices reasonable. – Depending on several factors like location, space, foot traffic and the like, the cost of every rental unit will differ. However, the secret to ensuring that one profits without being too expensive lies in reasonability. If the costs to renting your commercial property, or part of it, is too high then the tendency is clients are sure to look somewhere else. However, if they are reasonable enough, they become more competitive. Putting a price tag can be difficult here so if you don’t have any experience, it’s best to consult an expert about it.

Why a UK Investment Property Suits You

UK-investmentLooking for investment opportunities? Well then you’re in the right place. Today, we’ll give you a rundown on the reasons why a UK investment property just might suit you.

The United Kingdom is first and foremost one of the leading economies in the world but more than that, it’s bustling tourism industry is what sets it as a great investment opportunity. Why so? Here, allow us to expound a little more.

Contributing a whopping 9% to the country’s GDP and over 18 million visitors recorded in 2014 alone, a lot is surely going on in the United Kingdom. This is good news of course. The movement and the flock of domestic and international tourists pave the way for the rise of property investment returns.

Tourism brings visitors and that also happens to include businesses. Think about it this way. The more people, the more needs. The hotel sector for one is pretty booming as people will need a place to reside in. Hotels, apartelles, condo units for rent and similar other lodging will be popping up like mushrooms. The same is true for food, transportation and touring establishments among others.

In other words, the UK’s tourism boosts its business sector. So what’s the link now? When more businesses come in and more people want to stay and visit the country, the demand for properties tends to increase. This in turn shall allow for the appreciation of assets thereby promoting better investment returns.

Let’s take it by example in two different perspectives. First there’s the investor who leases office and store spaces within the city. The healthy tourism levels shall help bring in more businesses and therefore clients. It creates a demand and supply for land and building almost always stays the same. Land and space cannot multiply after all. More demand and less supply means higher values and prices and thereby faster returns.

In the point of view of a father, the tourism of the country alongside the improvements in infrastructure and the construction of various establishments around his UK investment property, in this case his house, helps in increasing the asset’s value. Remember that the more demand there is for assets in a specific location and the more establishments are built around it, the higher its value becomes over time.

So whether one’s UK investment property is for personal or commercial use, tourism still gives it a win-win.

Lies and Truths on Property Auctions Online

online-property-auctionsProperty auctions are already a thing but with the advent of the modern world, computers and the internet, we have been graced with online property auctions as well.

The said avenue paves the way and opens doors for investors to acquire the assets they want and need without having to physically be present in a bidding venue. This makes a lot of things very convenient, which is the very charm of such auctions. Unfortunately, it is riddled with several lies and misconceptions so today we shall set the line straight and separate the facts from the fallacies.

LIE“Everything happens online.”

TRUTH – Almost but not entirely. There are still avenues wherein one will have to do physical work but for the most part such as the bid itself, it shall be accomplished in the interwebs. An example here would be visiting and inspecting the property that one is interested in.

LIE“Surveys will not be necessary.”

TRUTH – Every method of asset acquisition will always necessitate a survey. A chartered surveyor must always be hired to inspect, examine and validate a couple of details like structural integrity, market value, ongoing cost, salvage value, depreciation value, appreciation potential and the like. This brings us to our next item on our list.

LIE“You cannot visit the property pre-bidding.”

TRUTH – The process being online does not prevent buyers from taking a look at the asset themselves. A visit can be arranged and scheduled which is why research shall be necessary and why scrolling through the brochure or listing becomes advantageous.

LIE“Finance is not immediately necessary.”

TRUTH – Just like a regular bidding, online auctions will require immediate and upfront payments so it would be silly to not have adequate funds on hand. Plus, we all know how long it often takes to pool huge amounts of cash and not to mention the application procedure of majority of credit financing; that is unless you’re some millionaire who can instantly whip out a check or two.

LIE“All auctions are the same.”

TRUTH – Online property auctions are not one and the same. They can vary not only in the assets being sold but also in terms of rules and procedures. This is why interested bidders must first make sure to carefully read and scrutinize the details put up in the site. Asking won’t hurt either so go ahead.


Residential Property Investment Tips

investment-advice 2Making a residential property investment is one of the biggest purchases you will ever make in your life. Owning a home is no easy-peesy deal. It takes a lot of hard work and not to mention financial resources to get one. That is unless you’ve won the lottery or you happen to be a multi-millionaire of some sort. Regardless, you will have to make sure that you make the right calls and get the best deals. We all want to get the best bang for our buck right? How do you do that? We’ve got some tips for you!

  • Buy low and sell high. This is the rule that investors who plan to lease out or to resell properties aim for and that should likewise apply to you even if you don’t have any plans on selling the home in the near future. You never know for sure and it would be best to sell something with a return than with a loss right?
  • Know what to look for to initiate a bargain. Sellers and agents will want to sell as high as possible but as a buyer you want to get it at a lower price. Not everyone is open to negotiation so you have to know who to target for a bargaining chip. Your best bet will have to be either properties that have been in the market for long or those that want to sell quickly. They are far more open to negotiations than others.
  • Know the neighborhood. This is not merely for purposes of acquaintanceship or location assessment but also as a form of research. Knowing the true value of a home includes having to know the worth of properties surrounding it.
  • Always set a budget for yourself. You cannot risk going overboard. Remember that there is more to your expenses than the price tag. There are other hidden costs that you will have to shoulder such as but are not limited to professional fees, survey and examination fees, taxes and other legal costs.
  • Always have ongoing costs computed. Many residential property investment buyers fail to consider this and suffer in the process. Such costs pertaining to maintenance and repairs do not surface unless you ask or have the asset checked. Some properties may be priced low at the onset but come with staggering ongoing expenses that will cripple you so check and do your research first.

Residential Property Investment Myths

Real estate residential property investment is nothing new. People go into it either for personal use or business reasons, both equally important and a gamble. One puts a significant amount of their hard earned resources in the hopes of ripping benefits from the asset either by using it themselves or having it leased or sold to garner monetary returns.

Unfortunately, investing in residential assets is equally riddled with myths and misconceptions just like any other type of investment out there. This can be a huge pain because people never get their facts straight and that can cost them. To help everyone on this, we’ve come up with a list of the said myths. Let’s debunk them one by one.

Myth: “The asset’s value appreciates overtime.”

Fact: Not all the time. There are many factors that lead to the appreciation of a residential property. Plus, their various combinations can lead to different and very varied results. Factors like location, accessibility, safety and security, proximity to significant establishments and employment are only some. You need to research. Furthermore, don’t get us started regarding repairs, maintenance and upgrades. If you know how to handle these investments and if you hold ones that have the potential then yes value can go up but this is not guaranteed to happen every single time.

real estate residential investmentMyth: “Upgrades create more value.”

Fact: If you plan to rent out and sell for income purposes or even think of selling the home you are currently living in today in the future should the need arise, the thought of upgrades can come across your mind. Do they add value? Yes but it depends. Not every expense can be capitalized and not all upgrades can bring the price tag up. Sometimes you might even find yourself spending for an upgrade that doesn’t really add much and ends up more costly than it is useful. To avoid that, it is best to call in the pros to the table. You need guidance and you need someone with the expert knowledge to tell you whether the upgrades you are planning are feasible for the asset’s structure and feasible value and cost-wise.

Myth: “Location is all there is to it.”

Fact: In a residential property investment, a lot of factors come into play. As mentioned earlier we have location, accessibility, safety and security, proximity to significant establishments and employment to name a few. In other words “location” is only one of them. It is an important one but should not be your sole target. Think about it this way. A home that’s close to schools, malls, offices and transportation hubs may sound great but what if it’s flood prone? Would it still be great and valuable? No.

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Hunt Right for Commercial Properties for Sale

commercial-properties-for-sale-investmentWhen it comes to buying assets for one’s business or the so called commercial properties for sale, one should always keep their guards up. This is not child’s play and as a matter of fact, is a very serious undertaking. So how does one do it right in the most efficient and effective manner? Allow us to let you in on a few pointers we’ve taken from the experts themselves.

  • Know what you need. This way, your search will be more directed. There are tons of properties available in the market and each one of the falls into different niches and categories. You need to know which niche you’ll delve into. Of course, this will be hugely affected by the type of business that one is in and the purpose of the property.
  • Set a spending allocation. You have to establish a budget and a maximum spending amount. You cannot withdraw all your liquid funds and go buy an asset straight up. Remember that all your actions will affect your company so it’s best to take it cautiously. Set your limits and be sure that you follow suit.
  • Always have the asset inspected. This is especially true if it comes with a structure. Get a chartered surveyor to assess its condition as well as the possible ongoing costs, useful years, market value, safety and renovation limitations.
  • Keep location in mind. Depending on your use for it, you will want it to be on a specific type of location. If it’s a cafe for example then you would most likely want it to be in the heart of the metropolis where people would often frequent and dine. Location can affect your sales and your overall operations so it matters a lot.
  • Ensure safety and security. This does not only apply to the area’s crime rate and calamity proneness but also to the structure, if any, and the land. This upholds and safeguards your assets, yourself, your employees, your creditors and your customers.
  • Get your financing at the ready. It is of no secret that prime and good commercial properties for sale do not stay in the market for long. Most often than not, they get immediately snatched up the moment they hit the shelves. This makes it a must for you to ensure that your financing has been kept in check and made available so you do not suffer opportunity losses.

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Commercial Properties for Sale and Why Location Matters

You’ve probably heard of this time and again. In real estate, location matters a lot. It’s the cream cheese to your cheesecake. Picking the wrong one will mess things up and you’re in for wasted funds and lost opportunity. It doesn’tcommercial-property-prime taste good and you want none of it. The same is true when you buy or invest in commercial properties for sale. You have to make sure that they are situated the way they need to be otherwise you could be wasting your financial resources and losing all those profitability prospects.

So allow us to say it again, location is important for commercial properties. If you’re not convinced enough or if you want the nitty gritty of it all then read on and get to know the reasons behind it.

  • Commercial assets in great locations tend to experience an increase in value while those that are poorly situated seldom experience such an appreciation. If you are planning to rent the place out then this could be good news as it is a valid ground for increasing your rental fees. As for a sale this could mean bigger profits. If you plan to use it on the other hand, appreciation works to your advantage too as it can prolong the useful life of the asset as well as increase its salvage value.
  • Their useful lives often last longer too. This is great for commercial properties considering their use and purpose for investors and landlords. This is great if you want to make use of the asset for prolonged periods of time. It also provides better and longer returns.
  • It’s close proximity to certain establishments like schools, offices or employment hubs, malls and others can increase exposure to clients and potential customers. As an entrepreneur, this would be a huge advantage and a cost efficient means to boost your market reach. Having loads of people pass by your area will make your brand and company more known to people and eventually to new clientele.
  • Accessibility plays a major role in creating patrons. A commercial property is intended for purposes of entrepreneurial operations. If it is hard to reach for clients, there lies a risk of losing them. Take a supermarket for example. If it is hard to get to, who would want to waste their time and gasoline driving all the way just to get their groceries if another supermarket is close by?

Remember these when scouting for commercial properties for sale. Okay?

Creating and Adding Value to Your UK Property Investment

uk investment propertyDid you know that you can further add value to your UK property investment? Yes you’ve read that right. You can further increase the market value of your asset through several means other than the usual appreciation means there are. Whether you want this for reasons of business, a sale or simply to ensure that your investment doesn’t depreciate to nothingness, the following advice could prove to be beneficial and useful.

  1. Add value by beautifying the lawn.

Clean up your walkway and pavement. Trim the grass and don’t forget to mow near the edge of the sidewalk too. A little sprucing up of your lawn, garden and pathways can make your property livelier, cleaner and more joyful to look at. There is a reason why landscaping and garden details whether big or small are always imbedded in every property. They spice it up.

  1. Add value by making the appropriate repairs and improvements.

If there are any items that need repair, maintenance, replacement or improvements then see to it that you provide accordingly. This will not only keep the investment in tip top shape but the expenses assumed can also be capitalized with the asset’s value depending on the amount spent and its impact on useful life.

  1. Add value by repainting your walls.

If you want a simple and cost efficient way to make a property for sale extra appealing, repaint its walls. Old and chipped walls will give a wrong impression to buyers and can make them think that it should be priced at a lower value. Brokers and agents suggest that walls be kept simple and preferably in light shades like white to make the place appear spacious and fresh.

  1. Add value by spicing up the interiors.

A few additions like rugs, pillows, curtains, a vase of flowers and the like can enhance the look and feel of any property. This is especially true if the asset is for personal use whether commercial or residential in nature. Never leave it barren, boring and forlorn looking. Create the right ambiance and get the appropriate results.

  1. Add value by changing old and forlorn fixtures.

You can also add much needed value to your UK property investment by changing any fixtures that are not only damaged but also those that look dull, out of place, mismatched and forlorn. It may be a simple thing to do but it can make a whole lot of difference.

Characteristics of Promising Commercial Properties for Sale

Investments refer to things that are worth buying because they can be useful, profitable or both at present and in the future. What are examples of it? This includes shares of stock, jewelries and automobiles. Fixed assets or shall we say properties are definitely one. That being said, what are the characteristics of promising commercial properties for sale? Below is a list for your guide.

commercial-properties-investmentQUALITY OF THE LOT – The land or the lot itself has to be of good quality. This means that it has to be fit for the type of structure that is planned to be constructed on it or has been built on it. For example, there are areas where high structures like skyscrapers cannot be built on them and there too are those that are best used as farming and agricultural lots instead.

STRUCTURE DURABILITY – If the commercial property is a building or part of it then it has to be durable not only externally but internally as well. This makes it a good idea to ask for the building’s blue print and have it examined beforehand to ascertain its condition.

SPECIAL FEATURES – Depending on your needs and preferences, certain commercial properties may come with particular features. Examples would be a garden front, a huge lobby area, a certain number of floors and rooms, a balcony, a large function room, etcetera.

NEARBY ESTABLISHMENTS – The value of a particular property is very much affected by its location and commercial assets need the appraisal because they are first and foremost about business. This is why those that are situated beside, adjacent to or near key structures and establishments (e.g. roads, hospitals, educational institutions, malls, offices, etc) are considered promising compared to those that aren’t.

SECURITY AND CRIME RATE – At the same time the peace and security are topmost concerns for many which are why those that are located in areas with low crime rates and provide better security for both residential and commercial establishments and its people are deemed best.

LOW REPAIRS AND MAINTENANCE COSTS – Ongoing costs are a concern too. Even if the commercial asset is sold at a low cost but its repairs and maintenance expenses bloat over time, they are still not considered good investments.

GROWTH AREA CENTERED – Another way to spot promising commercial properties for sale is by looking at new building constructions and structures. In most cases, if the said project being built creates jobs, provides the country income, brings in investors and betters the economy then it increases the value of all other assets near it.

Choosing the Best Commercial Real Estate Investments

We always want to make the most out of our purchases and ensure that we get the value for our money. No one wants to lose in this kind of game especially if cash and fixed assets are at stake. You do not want to buy a pebble for the value of a diamond, would you? You certainly would not hence you will want to choose only the best commercial investment property for sale out there.

But first, what are they? Commercial real estate refers to properties whose purpose, use and functionality serves the needs of companies and businesses. In many cases they are used for offices or branches and the like. Of course they may be furnished by business entities as they deem necessary and for purposes of operations and transactions. When scouting for one, here are some of the questions to ask as you go.

commercial-Real-estateQuestion # 1: Where is it located? You’ve probably heard this time and again: location is key. This is true for any real estate investment whether for commercial, industrial or residential purposes. For commercially used ones, the closer it is to relevant establishments then the better it is situated.

Question # 2: Is it accessible to your target market? Of course even if the property is in the heart of the metropolis if you’re target market cannot access it then it’s all in vain. You have to invest in properties that suit and reach out to your audience.

Question # 3: Are there any specifications you seek? Are you in search of one with a huge parking area, a three flour building, a balcony or a large garden? How about a view of the beach or the city? Know if there are certain specifications that you want.

Question # 4: How are you going to finance it? Commercial assets like all other real estate investments need a huge sum for financing. With that said it entails that one has to plan and choose carefully what mode will suit them best. Consider those that will be most beneficial to your case.

Question # 5: What is your ideal useful life? When planning your commercial real estate investments you have to take a look at the estimated useful life of the property. This pertains to the expected time period in which the said asset is deemed to be useful.