Investing in commercial real estate could help you add a significant amount of money to your revenue. Before you can invest, you need to know who owns a property in Texas. Without knowing the owner’s name, you can’t access the person’s contact information and start arranging a deal. Unfortunately,
For those seeking affordable homes, a home in pre-foreclosure could be an appealing option. Searching listings illustrate the numerous pre-foreclosure homes available – but is this a doable option? Let’s take a closer look. What is Pre-Foreclosure? A home in pre-foreclosure is a property in distress – the current buyers
A CRM is a business necessity, especially for a real estate office. Commercial and residential agents cannot compete in this market if you do not have advanced industry tools at your disposal. Commercial real estate CRM software allows your business to maximize workflow, utilize marketing tools and improve collaboration. Implementing
When you want to purchase commercial real estate from a business, you might find that an LLC—rather than an individual—owns the property. Limited liability corporations serve several purposes. They can avoid profit-draining double taxation through pass-through deduction, reduce the number of administrative tasks companies perform, and relieve owners of personal liability.
Digital transformation is the goal of businesses everywhere. How can you bring it to your commercial real estate brokerage? As business technology booms, industries everywhere look for ways to leverage them. The phrase “digital transformation” is everywhere, promising a complete renovation of the workplace and business practices for good.
Many experts believe that California’s commercial real estate industry has ample room for growth over the next several years. A report from Deloitte shows that many companies realize they need to prepare for unexpected interruptions, such as those caused by the coronavirus pandemic. Buying and improving commercial real estate, therefore, could
It’s not uncommon for businesses to fall into financial hardship. Falling behind on a mortgage payment can happen to businesses, too. Failing to meet a mortgage payment date or violating the terms of the loan in some other manner is a default. When a default occurs, a lender usually begins
Making the right decisions in real estate can have a crucial influence on how much money you make. Agents who make bad decisions tend to have low incomes. Those who make excellent choices tend to earn a lot of money that sets them up for future successes. You don’t necessarily
2020 was a rough year for the commercial real estate sector. The need for social distancing led to a distressing domino effect. It left businesses temporarily or permanently shuttered, and landlords unable to collect an income. While we’re not completely out of the woods yet, there’s some light at the
Usually, the challenges that face CRE brokers remain unchanged from year to year. While some of the challenges that made our list are probably not new to you if you’re an established broker, 2020 changed the landscape — for new and established brokers. The following seven challenges facing CRE brokers
