This month's newsletter has just been released! Check out the latest tips for tenants and users of commercial real estate space. In this issue
- Controlling Property With A Purchase Option
A purchase-option contract lets the buyer-optionee purchase a property at a specific price within a certain period of time. If the option is exercised, a closing is held and the property is purchased at the price previously agreed upon. There is no legal obligation to buy the property. But, if the optionee does not exercise the option, the deposit paid to the seller-optionor is forfeited.The biggest differences between the purchase-option and direct ownership may be two advantages from the viewpoint of the investor: First, the short term (6 to 24 month) purchase option contracts can be an outstanding way to control property without assuming the responsibilities of ownership. Second, the contract enables the optionee to receive all of the benefits from appreciation in market value of the property......
(more) The demand for apartment rentals remains very strong, but good management has always been the most important point in increasing or maintaining annual operating profits. Being a skillful manager requires intelligent handling of the functions of buying and selling properties, rent collections, maintenance, leasing, controlling expenses, refurbishing, management accounting and more. All of this requires long “hands-on” experience in the field with plenty of assistance from the latest in operational and administrative hardware and software. Professional management companies usually do a much better job than owners and more than earn their fees. Here are a few tips on types of apartments and ways to invest in them.......
(more)- Acquiring Investment Land
Land is one of the top investments by real estate professionals. Before any building project can be planned, the land must be available. At all times, real estate assemblers are looking at and acquiring under-utilized sites within cities or in suburbs. Here are some ideas on how those professionals do it......
(more)- The Upkeep On Your Rental Property
Keeping your property in top condition is not difficult if it is a continuing effort. There will be a plan in place for making ongoing improvements by investing a portion of each year’s income. Failure to do this will result in a neglected property. Many investment properties suffer from improper care and neglect. Getting started on the program of enhancing the value should focus first on three areas. These three will immediately make an office or apartment building begin to stand out.......
(more)- The Multi-Screen Theatre In A Shopping Center
The key tenant in a shopping center is often a store from a nationwide chain that carries a wide variety of quality, brand-name items. But the multi-screen movie theatre may attract more people, more often than any type of store. Instead of signing just a department store as the anchor tenant, some shopping center owners and operators have decided that a movie theatre is a better drawing card for shoppers and have signed up both as key tenants. Either before the movie begins or after it is over, people can and will shop. Usually, all of the family members will come to the theatre, although not all together or at the same time. It has appeal for the whole range of spenders, from Mom and Dad to teenagers and their friends. By encouraging people to “get out of the house”, movies also encourage these people to combine a shopping trip with a few hours of movie entertainment.......
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