Friday, May 15, 2015
Getting into the real estate business by purchasing properties you can later rent out is a very smart investment move. Properties like warehouses, for example are a steady source of income when you lease it to local companies for various purposes like storage, business space, or retail store. Best of all, you don’t need to add any equipment or facilities since the local company you rent it out to will take care of that. However, being a warehouse landlord, you might already have enough on your plate, which can make managing your properties more difficult than you previously thought. Anchorage property management firms can help lighten the load; here’s how. You Can’t Afford Full-Time Employees Managing properties is a full-time job. If you’re not up to the challenge, you’ll need someone to do what you can’t. While the most logical course of action is to employ people to manage your properties for you, it might be impractical for most.
Thursday, May 14, 2015
Retailers usually choose not to extend their lease for two main reasons: weak market or high lease cost. The vacant spaces aren’t only income loss to landlords; in high numbers, they give the bad impression that a commercial building is a less desirable area, driving both consumers and investors away. If you’re the owner of an Anchorage commercial real estate, here are ways to fill those vacant spaces: Subdividing. If you have a very large retail space, you can divide it to entice smaller business owners, particularly the startups, to set up shop. These smaller interior retail stores can attract entrepreneurs looking for cheaper alternatives to bring their product to the market. Plus, variety creates greater traffic, benefitting everyone within the retail area.