Sunday, 26 July 2015
Tenants, on the other hand, have a duty to manage the rest of the remodels or repairs. You can also require tenants to inform you, within a certain timeframe, about any damages they spot in the building or whenever they wish to undertake any renovation works. The important thing is to make sure the rights and responsibilities of every party involved are outlined in the lease agreement. Commercial properties for lease can be lucrative additions to your existing stable of assets. You may find out before long, however, that keeping such a property profitable may prove taxing in terms of both your time and resources. Fortunately, you can trust a property specialist such as Brett Halvorson & Associates to oversee day-to-day property management tasks and manage tenant relationships on your behalf.
Saturday, 25 July 2015
The importance of proper and continuous business planning in terms of growth and risk management cannot be emphasised enough. A thorough business plan gives the company direction right from the start, and it must be regularly reviewed and updated to make sure you’re still aligned with your goals and strategies. Effective planning may take a lot of research and resources, but it will be instrumental to the success of your business. Along the way, you need to consider various aspects such as the company’s legal structure, organisation, and daily operations management. One of the most vital parts of your business plan is your choice of premises. You need to make a smart property investment decision, therefore, since it affects business liquidity in several ways.
Friday, 24 July 2015
Part of the screening process is to inform tenants of the terms and conditions of the lease. You need to make sure they understand and agree with everything on the contract. In some cases, you may need to discuss any negotiable contract terms. If this part is carried out well, you can avoid misunderstandings or problems in the future. If you don’t have the industry background or skills required to carry out tenant screening and overall commercial property management, you should turn to a property specialist in Perth like Brett Halvorson & Associates. Such a firm can take care of property management duties like marketing, tenant screening, and rent collection to ensure your peace of mind, especially when you can’t always be physically present to look after your asset(s).
Thursday, 23 July 2015
If you own a property in Perth and plan to rent it out to any local business, there are a number of factors you need to understand before you can do so. As a real commercial landlord, you need to identify and fulfil certain responsibilities if you want to ensure efficient and profitable operations. You do not have to let all these commercial property responsibilities become a burden to you. Property management services provided by Perth commercial real estate professionals like Brett Halvorson & Associates can help make managing your investment a more pleasant experience. You can then give your investment strategies your undivided attention.
Wednesday, 22 July 2015
The decision as to whether to own your properties under a personal or company structure will rely on your property portfolio strategy. If you own perhaps one or two properties that you intend to sell off in the near future, it can be more advantageous to choose sole ownership and enjoy the significant capital gains tax discount when you sell. On the other hand, if you plan to own your properties in the long-term, the smarter choice will be to use a company. Regardless of the investment structure you want to pursue, commercial real estate professionals in Perth like Brett Halvorson & Associates have the experience and know-how to help you find the ideal commercial property for lease or sale to suit your investment needs.
Tuesday, 21 July 2015
Fortunately, there are ways to remain resilient and maximise the profit potential of any commercial property investment. Perth property investment firms like Brett Halvorson & Associates have plenty of experience helping clients navigate the ins and outs of the industry. Count on such a firm to provide superior services in terms of property marketing, selling, buying, and upkeep as well as tenant screening and relationship management.
Friday, 3 July 2015
In any Perth commercial property investment, your ultimate goal, naturally, is to earn stable income for the long term. When your asset is strategically located and has plenty of ideal features, like spacious areas and modern amenities, it’s not too difficult to find interested parties. However, the challenge lies in truly getting the commitment of those parties to become official tenants and keep them leasing your space for years to come.
Wednesday, 1 July 2015
In contrast to a gross lease, a net lease gives you the assurance that your tenant shall pay other essential outgoings that have Goods and Services Tax (GST) on top of rent, which also has GST charged to it. Note that outgoings can include land tax and strata levies, insurance premiums, and utility bills. Maintenance expenses like facility repairs will also be the tenant’s responsibility in a net lease arrangement. Regardless of the type of commercial property that piques your interest, be sure to seek the help of experts with a good track record of selling and leasing properties. Firms such as Brett Halvorson & Associates can provide professional advice on commercial real estate in Perth, aid your property search, and even manage your asset after purchase, so you can make the most out of your investment.