Saturday, 14 March 2015
If you own commercial properties for lease in Perth, you naturally look forward to getting substantial returns on your investments. Yet if you have a full-time job and multiple investment properties to look after, you might find it rather impossible to fulfil all your duties as a landlord. Brett Halvorson & Associates is here to help. From 1 March to 31 March, sign up for your first commercial property management engagement with our office and enjoy our services at no cost for the first three months.
Thursday, 12 March 2015
Compared to buying domestic properties, acquiring commercial ones entails more paperwork, time, and money—and rightly so, since the return on investment for commercial properties can be substantial. Here are some helpful tips for those in search of the perfect property investment in Perth that will take off. There’s always a better offer. Regardless of what kind of real estate you’re buying or selling, make it a point to always negotiate. To get the best price for the property you’re bargaining for, don’t commit to an investment without doing any research. It could take a year or more for the perfect property to appear, so just be patient.
Tuesday, 10 March 2015
There are more than 200,000 rental properties in Western Australia with over 50% being managed by Perth commercial property management companies. Rory O'Rourke, contributor to Smart Property Investment, writes about why property management services are worth every dollar. How can a third party managing your property be beneficial? Imagine trying to make time to perform the following tasks: Marketing Property managers are the point of contact for prospective tenants who are interested in leasing the property, and also take charge of online marketing, which is a must in today’s rental market. They are also able to provide the potential lessee an independent assessment of the rental amount.
Sunday, 8 March 2015
Depending on your business needs, long-term plans, and financial circumstances, it may make sense to either buy commercial real estate in Perth or to lease office, industrial, or retail space. The Small Business Development Corporation provides some insights on their site regarding the latter. Among other things, buyers need to consider all financial, legal, property, and business angles before making such a commitment. Timing is everything Any prime piece of commercial real estate requires prudent selection to guarantee considerable returns in the form of capital growth and rent. Property values are known to fluctuate every so often, which is why investors should be aware of market growth cycles and know the best time to buy.
Friday, 6 March 2015
Kogan Pantry gets at least one thing right: narrowing their focus on specific consumer segments. Nirmalya Kumar, professor of marketing at the London Business School, believes that limiting product choices to a minimum eases supply lines. He uses Aldi as an example, which also has branches within Perth and offers about 700 products, far fewer than major supermarket chains. For landlords, this means only one thing: Never let size be the sole factor for determining your choice of tenants for Perth commercial property for lease. With the right cards, small businesses can be quite successful and add more variety to consumers' choices. On top of that, small businesses know how to operate on a more personal level in terms of after-sales assistance and customer service. In other words, a small or even a start-up business can be the right sort of tenant, one that brings in a regular income stream and uses the leased property responsibly.
Wednesday, 4 March 2015
Rory O'Rourke, former vice president of the Australian chapter of the International Real Estate Federation, suggests letting a third-party company handle tasks like tenant screening and property management—areas where professional firms such as Brett Halvorson & Associates excel. Such a property management firm would have the knowhow and resources necessary to conduct a background check on each prospective tenant’s reputation, propensity to pay on time, and tenancy history. Indeed, owners looking to protect their property investment in Perth would do well to choose a reliable commercial real estate specialist that knows how to determine competitive rent rates and address tenants’ concerns efficiently.