How many and what type of truck deliveries do you get a day, a week a month? Make sure the property you choose can handle the trucking volume without interruption from other tenants or property limitations.
Many times a seller will select a broker based upon a referral. That is fine as long as that broker is experienced in your market and is not the husband or wife of friends who just entered the real estate in Marbella. estate profession. Stay away from that! As much as you would like to help friends out, why would you screw around with your major investment in the hands of an amateur?
Some syndicators charge in excess of 10% commission. 10% seems to be the norm but is still high as it has to be made up through asset performance which takes a few years. Also an annual asset management should probably not exceed 0.5% on the asset value or 2% of the cash invested... otherwise it is too rigged towards the syndicator and not the investor. It has to real estate development. be win/win!
These professionals are not your employees, but they handle different parts of your business. For example, you can delegate title search work to your real estate company or service. estate attorney or closing agent.
Interview several agents. Ask to see what properties they have closed the deals on in the last twelve months. Look online at their website. If you are a seller ask how they will market and promote your home. If you are a buyer then ask how they plan to find you the right home. Just using the MLS listings is not enough. Make sure they have the basics; their license, up to date training and work at real estate full time. Also ask if they are a broker or an agent. A broker generally has more experience and training.
BW: At TBARTA we're spending a lot of our time on land use issues, because what we've shown time and time again, is that transit initiatives like what we've got going on in Hillsborough County don't succeed without land use changes to support the transit. And those land use changes help preserve single family(residences), the existing structure of the community, but you have changes within a quarter mile of the station, which is your core area. Then you have a ring that's alchemist estepona a quarter to a half mile out from the stop. The core area within a quarter mile is your core walking distance to the station. It's designed to be high density mixed use development, so, shops, Starbucks, CVS, restaurants...
Plus there are a lot of profit centers you can put up like a sort of self storage convenient store where they can buy locks, boxes, and other stuff they would need, but forgot to bring! Added to this is the fact that you don't have to worry about tenants and rent loss! When they don't pay, you can simply auction off their stuff and even earn a bigger profit! And what about the demand? Well, self storage has a skyrocketing demand because even if the economy is good or bad, people need a place to store their stuff!