In the News

Buying real estate isn’t always an easy process. Many people understand the basic process of contacting a realtor, securing financing, selecting a property, negotiating a price, and then closing. But while this is the standard process for purchasing property, you may want to consider other kinds of transactions depending on the wider state of the market and your own financial situation. For years, creative real estate types have arranged lease purchases, acquired deeds subject to an existing mortgage, and turned to so-called hard money financing. Unfortunately, these unorthodox arrangements...

Upon seeing the above title, you may find yourself asking, “Why try to make your property manager happy? Isn’t it their job to make me happy?” And you’d have a point. Property managers want nothing more than to make sure that landlords, property managers, homeowner associations, and condo associations get their rent, have vacancies promptly filled, and see maintenance issues quickly resolved. After all, that’s what makes a good property manager!

Some of the things that dissuade people from investing in residential or commercial real estate are management hassles and difficulties. Repairing damage left by a disgruntled tenant, having to market a recently vacated unit, and collecting rent in a prompt manner aren’t tasks for the faint of heart. That’s why many investors end up turning to real estate management companies to deal with both their occupied units and vacant units.

“You cannot make progress without making decisions.” Different sources attribute that pithy proverb to different authors, but no matter who coined it, the message is plain: Any sort of success will require you to make a choice — and usually more than one. Selecting specific courses of action isn’t always easy, though, and that’s doubly true when it comes to picking a new space for a commercial business.