From the author of a #1 Bestseller of commercial real estate books on Amazon, “The Due Diligence Handbook For Commercial Real Estate”.
Without a strategy for increasing value with your property’s management plan is just taking the “lottery” approach.
You want the “Cliff Notes” version. In other words, the 20% that will give you 80% of the results, and not a bunch of minutia with 30 to 50 pages of fluff that you have to sift through to find the helpful tips or key points. If you’ve read my book, “The Due Diligence Handbook For Commercial Real Estate” you know what I’m talking about. I attribute its popularity to the fact that it cuts through to the “meat” of the subject and gives the reader the step-by-step instructional information needed to conduct due diligence properly when buying investment properties. This is an extremely important part of the process that can make or break investment decisions. Your “golden” opportunity may turn to “lead” if you don’t know where to find the hidden problems, undiscovered issues, and value creation opportunities an investment may hold. Much money can be saved and made by learning how to do it properly. Unfortunately, most investors and real estate professionals don’t know how to properly conduct due diligence because they “don’t know what they don’t know.”
The fundamentals remain the same for the most part, when it comes to adding value and leasing. This information can be used across the various genres of commercial real estate investments, whether it’s office and industrial, retail or multi-family residential properties. I comment from time to time throughout the book on the different angles or strategies you may want to consider for the different property types, which I have obtained from my own background and experience of 30+ years in the commercial real estate industry–or from those I know to be the best at their particular specialty.
In this handbook you will learn:
*How to determine the best way to price the rental rate for your investment property to get it leased at the highest value
*Find ways to make your property attractive to tenants
*How to interview and choose the right people that will help you get your property leased
*How to structure your lease rate and terms to create the most value for your investment property
*How to incentivize tenants to get your property leased in a down or over crowded market
*Strategies and tips to create more value
* Essential analysis forms, proposal and lease form samples, tenant application and other forms
These are very learnable skills that can be put into use right away to enhance your efforts to add value to your real estate investment.
For the more seasoned commercial real estate investors and professionals, I will share valuable experience from my time as a landlord representative where I leased properties as a local leasing broker. I also spent time as a Vice President of Leasing for an investor who owned about 12 million square feet across the U.S, where I had to learn local practices and customs, as well as the ins and outs of the various markets such as Los Angeles, Dallas, Houston, Chicago, Orlando and Phoenix. Experiences learned during this phase of my career have also contributed to the contents of this book.
By learning and implementing these essential value-enhancing principles you can easily increase your property’s cash flow exponentially. Every day you wait is another day of flushing more money down the drain. Buy it today and start generating more income, instead of hoping it all will work out. You will look back and consider it as one of your best real estate investments.