Tuesday, April 27, 2010

Benefits for Buying Commercial Real Estate

Buying commercial real estate can an exciting and profitable business. By investing in commercial properties in the Carolinas you give yourself a long-term revenue stream. Here are just a few benefits of commercial real estate!

1.) Multiple revenue streams: The great thing about commercial real estate is that you can have multiple revenue streams. The property itself can gain value and be resold, you can rent or lease to get a monthly income, and you can use the space yourself as an office out of which you can run your business.

2.) Diversification: It is important to keep your investment portfolio diversified. Investing in Commercial real estate is a great way to add additional properties to your investment portfolio, and having commercial investments adds some variety and options for your portfolio. Commercial real estate properties can be range from apartment properties to office buildings.

3.) Properties are currently available at a great price: There is plenty of commercial real estate available in almost every part of the Carolinas, and the poor market conditions have left some great deals in its wake. Take your time when choosing the right property and you can certainly find prices poised to rise.

There are many benefits to getting into commercial real estate, but like with any type of investing, it is very important to gain as much knowledge as you can before making those tough decisions about what to invest in.

Tuesday, April 20, 2010

Considering a New Business in the Carolinas?

Are you considering opening a new business or a second location in the Carolinas? There are many benefits to working with a professional commercial brokerage and leasing realty company.

A professional commercial brokerage can take the time to walk you through the process of buying commercial property. They will assist you in finding the property that best meets your needs and coach you through the buying process.

Buying or leasing a commercial business space is just the beginning of the journey, one which will hopefully be profitable and fulfilling. Work with a professional organization that knows business in the Carolinas. Work with Kuester.

Currently Kuester has several properties for sale and for lease, and we would be happy to work with you. Please call us at 704.973.9019.

Thursday, April 15, 2010

Not happy with your HOA? Get involved.

I myself live in a community - just outside Charlotte - with an HOA. The other day our neighborhood held its annual "neighborhood garage sale." It was a beautiful sunny spring day - the perfect Carolina weather!

As I sat with my neighbor (a good friend) I heard her say, over and over again, what a shame it was that the neighborhood association did not advertise the garage sale properly. She complained to herself, to her husband, to me, to the one or two people who stopped to look at the old children's toys... But fact is, we had hardly any traffic at all and it made for a very long day!

After a while I had to say something. Homeowner's associations work when the neighborhood residents get involved. And since my friend had not been on the garage sale committee, and since she did not make any effort that I could tell to help organize the event, participate, help, or lend her opinion beforehand, I truly felt that she did not have a reasonable complaint.

Many of us in Charlotte live in HOA communities and many are run well. The property management company takes care of things like the park and the pool and common area. The architectural committee approves fences and patios. But too often too much falls on too few.

If you are not happy with how your HOA is run, or how they handle the annual Easter Egg Hunt, or the color of the new playground equipment--then it is ultimately your responsibility to get involved. The folks that have taken the time and effort to step up and make the decisions for the community are not compensated. They do what they can, and sometimes that means there is no one to place an ad in the newspaper or update the neighborhood website.

Every HOA has large jobs and small jobs and if you are able--please consider doing your part. If you can't, that is fine too... but it leaves little room for you to complain when things don't go the way you would like!

Property Manager
Kuester Property Management

Saturday, April 10, 2010

Commercial Property: Keeping an Eye on the Competition

When you are considering the purchase of a commercial property, one of the best things that you can do ahead of time is research the competition.

How long do the other buildings have unoccupied space?
Are there several available properties near the one you are considering?
What is the average length of lease of the building you are considering purchasing?
What is the average length of lease of the similar buildings in the area.

Take the time to walk the grounds of similar buildings. Can you see what they are doing well? Do they have well maintained landscaping, walkways and parking lots? What makes these buildings attractive to tenants? What could they do better? Can you talk to any of the business tenants of neighboring building?

Investing in commercial property is a big decision and goes way beyond just finding a place and putting a "for lease" sign up! Before you buy, investigate the market, do your homework, and make sure to put considerable time in "knowing your competition." Learning from the people who are doing it well, will make you more successful!

Property Manager

Saturday, April 3, 2010

Tips on Buying Commercial Property in the Carolinas

Across the Carolinas there are excellent locations for investing in commercial property. With the economy on the start of a rise, now is the time to make the move.

The Carolinas have beautiful mountainous regions, sun-kissed beaches, and wonderful metropolitan cities in between. Owning a business building and then leasing it out can be great business but as with any type of investment, you will need to do some careful consideration.

If you are a property owner of a commercial building, you will have to maintain the property. Landscaping, building maintenance, general cleaning, and build-outs will have to be done. Hiring a great Carolina-based Commercial Property Manager will be the second-best investment after the property itself!

A property manager will be able to not only take care of maintenance and upkeep of your property but also provide you with advice, pricing suggestions, marketing, collecting rent and negotiating contracts.

The commercial property market can be competitive, and it will pay to get yourself out in the lead. An experienced and professional property management company will be able to lessen the risk of owning a commercial property by lending you their expertise.

Another important factor is to carefully consider location. Perhaps more important than the location of your home, is the location of your investment property. Proximity to like buildings, parking, shopping, walking traffic and/or bus lines are all things that should be weighed. While different types of businesses require different types of locations, you should research what kind of location your prospective tenants will need.

The appearance of the inside and outside of the building as well as the property itself should reflect the types of clientele you would like to attract. If you are looking to have a high-end spa as a tenant, this should be a factor in the type of decor and landscaping you choose. The same goes for it you are looking to put a small manufacturing business into the space! What do your prospective tenants look for in a building?

If you are considering a Carolina Commercial Investment Property, please consider giving Kuester Property Management a call. From locating the right property, to managing it, Kuester is able to meet your investment property needs.

Kuester Property Manager