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Casual Articles - Pitfalls To Avoid In Commercial Real Estate
Do what you Love and the Money will Follow One of the most important lessons I've learned, a lesson that only recently I have begun to follow is to do what we're passionate about. In the early stages of life we're taught all of life's rules and regulations from our parents and our teachers. When we would rather be out playing with friends, riding our bikes, going to the movies, reading comics or doing anything fun, we were told that we had to stop messing around and do our homework. But imagine this, imagine our homework was as much fun as play time. Now jump forward 20-30-40 years and imagine if your work was as much fun as play time when you were 8 years old.I'm encouraging ev
The last thing you want is to have a property you believe can be re-zoned to a higher and more profitable use, and after you purchase it, realize you cannot do what you intended! This can mean a less of a return on investment, or a complete loss of an investment. Believe me, situations can get very bad regarding the rezoning and use of
In a matter of a couple of short years, the Google.com search engine has become the world's favorite way to find what they're looking for online. Now, most of you who are reading this are saying "Duh", but let me ask you this: Do you REALLY know how to use Google and get the most out of this incredible search technology?Hopefully, these tips will help you find EXACTLY what you want the next time you head on over to "Google Land" and start searching.To start, unlike most search engines, Google does not care if your search term is in UPPER or lower case. In fact, it can even be MiXeD case and the search results will be identical no matter how you type in your term.The Google GOLDEN Rule: BE SPECIFI
These are setbacks I hope you never experience by asking every question, verifying everything, and assuming nothing.
Below you will find some unfortunate and common mistakes that can occur if you are not completely on your game.
Some of the major pitfalls in commercial real estate are related to the zoning and use of a property. Brokers may offer information that is not accurate about the rezoning and use capabilities of a property. Although many of the people in this business are honest and have integrity, you can bet you will run across a few brokers or agents that will do and say almost anything to sell a property.
Some problems that arise may include not checking with the city planning and zoning decision makers to see if a property can and will be able to be rezoned to the zoning that is expected. Also, just because the zoning may include your use, you must check with the city to make sure there are no special contingencies regarding use.
The last thing you want is to have a property you believe can be re-zoned to a higher and more profitable use, and after you purchase it, realize you cannot do what you intended! This can mean a less of a return on investment, or a complete loss of an investment. Believe me, situations can get very bad regarding the rezoning and use of a
Chase online banking is a small business’s most useful financial resource. Most small businesses start with a great idea. The person behind the idea feels confident that the idea is sound and that there’s a demand. He or she then sets out to turn the idea into the latest must-have craze. What many small business owners don’t know a lot about is how to handle the company’s finances. That’s where Chase online banking can help.Small business owners who enroll in Chase online banking have access to a number of useful features to help them better manage their businesses. The biggest benefit is the ability to log in to any account that is linked to the business (even personal and investment accounts!) at any time, day
These are setbacks I hope you never experience by asking every question, verifying everything, and assuming nothing.
Below you will find some unfortunate and common mistakes that can occur if you are not completely on your game.
Some of the major pitfalls in commercial real estate are related to the zoning and use of a property. Brokers may offer information that is not accurate about the rezoning and use capabilities of a property. Although many of the people in this business are honest and have integrity, you can bet you will run across a few brokers or agents that will do and say almost anything to sell a property.
Some problems that arise may include not checking with the city planning and zoning decision makers to see if a property can and will be able to be rezoned to the zoning that is expected. Also, just because the zoning may include your use, you must check with the city to make sure there are no special contingencies regarding use.
The last thing you want is to have a property you believe can be re-zoned to a higher and more profitable use, and after you purchase it, realize you cannot do what you intended! This can mean a less of a return on investment, or a complete loss of an investment. Believe me, situations can get very bad regarding the rezoning and use of
The process of seeking feedback is one surefire way to launch you from interview failure to job interview success. It is through feedback that you learn to see yourself as job interviewers do. Only when you see yourself as job interviewers do will you have the special insight to make the necessary changes to hear those famous words ‘your hired.’Here are four ways to see what job interviewers see:Study yourself on videotapeThe Navy has a saying, “You get what you inspect, not what you expect.” Before your next interview, tape a mock interview with a friend or family member. Afterwards analyze your strengths and weaknesses then commit to improve in your three weakest areas. At the end of this eye-ope
Some of the major pitfalls in commercial real estate are related to the zoning and use of a property. Brokers may offer information that is not accurate about the rezoning and use capabilities of a property. Although many of the people in this business are honest and have integrity, you can bet you will run across a few brokers or agents that will do and say almost anything to sell a property.
Some problems that arise may include not checking with the city planning and zoning decision makers to see if a property can and will be able to be rezoned to the zoning that is expected. Also, just because the zoning may include your use, you must check with the city to make sure there are no special contingencies regarding use.
The last thing you want is to have a property you believe can be re-zoned to a higher and more profitable use, and after you purchase it, realize you cannot do what you intended! This can mean a less of a return on investment, or a complete loss of an investment. Believe me, situations can get very bad regarding the rezoning and use of
Many website designers now take advantage of Shockwave and Flash to add multimedia effects, such as animation with sound, to their websites. Both Shockwave and Flash are Macromedia technologies that let web designers add multimedia elements to web pages. Shockwave movies are the resulting files exported from Macromedia Director that display animation, special effects, and other types of applications for the web. Flash movies are animations and other types of interactive web elements exported from Macromedia Flash.-Web designers add Shockwave and Flash files to web pages for several reasons, including to make web pages more interesting and interactive, to add colourful navigational components, to enhance a si
Some problems that arise may include not checking with the city planning and zoning decision makers to see if a property can and will be able to be rezoned to the zoning that is expected. Also, just because the zoning may include your use, you must check with the city to make sure there are no special contingencies regarding use.
The last thing you want is to have a property you believe can be re-zoned to a higher and more profitable use, and after you purchase it, realize you cannot do what you intended! This can mean a less of a return on investment, or a complete loss of an investment. Believe me, situations can get very bad regarding the rezoning and use of
The foundation of any business transaction is the promise of fair deal. In complex organizational relationships, it is all too easy to lose sight of the existence and terms of this deal. On the surface, that employer/employee relationship, called a job, is a fair deal wherein the employer’s money is traded for the employee’s time and talent. The deeper reality, however, is that the employer is actually trading resources for a set of desirable results, which the employee is expected to deliver. The promise to faithfully deliver as agreed by both parties is the essence of accountability.We recommend that organizations give voice to their accountability through a document called an Accountability Agreement. An Acco
The last thing you want is to have a property you believe can be re-zoned to a higher and more profitable use, and after you purchase it, realize you cannot do what you intended! This can mean a less of a return on investment, or a complete loss of an investment. Believe me, situations can get very bad regarding the rezoning and use of a property, and fighting with the city will take more money, energy and time than it is often worth.
Another pitfall that can arise is purchasing a building that is leased, and then losing tenants due to leases or rental agreements being up! It is important to see and verify the leases of a building to make sure you will have some income to cover the debt service while you change, renovate, or do whatever it is you are going to do with the property. Verify you will have tenants when you purchase the property; otherwise, you may not have enough income, and this can leave you in the red.
It must be acknowledged that every property and situation can differ greatly from another. Because of this, there can be many different ways that a property can go. For this reason, all “what ifs” must be addressed, as well as exit strategies created for every scenario. When you limit yourself on exit strategies, you increase your possibility for failure.
With every property you must ask yourself, “What is the worse that can happen?” Weigh the risks and the probability of the worst happening, and either plan an exit strategy for this possibility, or don't move forward. You must look at everything from the worst to best case scenario, and have an exit strategy for each. Not only will you be prepared for anything that comes your way, but you will have less of a chance of really getting buried and losing money on an investment gone badly.
In commercial real estate, I often see a
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