Commercial Real Estate Investing
he financial industry greats will be the first to tell you that real estate investing has the potential to bring in serious profits. They will also gleefully inform you that the risks in some cases far outweigh the potential, especially if they are among the more cautious investors in the industry. Those who have made their fortunes in real estate however will tell you that investing in real estate is worth every ounce of risk when you manage to work through the rough patches and find your way to real estate investing fortunes.Commercial real estate is somewhat unique among real estate investment types. This is the type of real estate that requires a high investment to get into the game, much higher than most residential property and poses equally great risks depending on what you plan to do with your commercial real estate investment. Of course you will also find more than a few options for your commercial real estate investment that many investors find appealing.
Most investors find leasing office or building space to be the safest route to take when it comes to real estate investing is the path of leasing office space or warehouse space to businesses. They feel that this is a relatively steady source of income because most businesses prefer to keep their locations as long as possible. Smart business owners are well aware that customers, clients, and vendors need to be able to find them in order to do business with them and for this reason, prefer to keep their business in the same location whenever possible rather than reestablishing themselves in different locations year after year.
Commercial real estate investing is a bit of a different animal than traditional residential real estate that many of us are more familiar or comfortable with. You will need to do a lot of research before jumping in with both feet with this particular sort of real estate investment. Commercial real estate investments can take on many forms. From strip malls and outright shopping malls to business and industrial complexes to sky scrapers and high rise condos you will find all manner of commercial real estate interests. Whether your interests lie in business or personal types of commercial real estate there are significant profits that stand to be made. Read more
Commercial Property Management Public Relations
It is important always for property management companies to maintain a good standing in the community. This is why property management companies are always involved in civic events, service clubs and chambers of commerce. Often property management companies also operate parking structures and parking lots and are aware of the need to fill up as many parking stalls as possible for the maximum price point. There are many ways to do this. One of the most inexpensive ways is through free publicity. A car wash fundraiser on your lot during a slow time of the week may be just that opportunity.
Let’s say for instance that Sunday is your Lot’s slowest day a car wash for church or youth group might be an idea. Christian radio stations will play public service announcements alerting people the day and time and of course the location, Your Parking lot. The radio station will play the spots 5 times a day for a week. Free airtime and all you have to do is be a Good Samaritan. Just think every good Christian in town will remember to park in your lot, instead of a lot next door. Christian customers may also cut down on Hit and Runs and seldom break into the car next door.
Perhaps Saturday is a slow day you can have a local High School Group hold a fundraiser their. High School bands have annual budgets in excess of $40,000. They have 100+ kids in the groups and that means 1.5 parents per kid, who are all your potential customers. Sound good so far? It gets better. Sometimes for a big event you can get the radio station down to do an onsite remote and give away T-shirts and prizes. Thus promoting them selves on your parking lot. Each time announcing who is involved and what location it is at.
“Come on down we are at the corner of main and 5th street in the Central Parking Lot, bring the whole family.” Read more
