Investing in commercial real estate is an entrepreneurial way to make an adequate passive income. It requires knowing new terminology and skills as with any other profession, but once one understands the ropes, it can become easier to handle and to grow. In summary, commercial property includes shopping malls, retail centers, office buildings, industrial buildings, self-storage units, apartment buildings, and mixed-use buildings. If you are considering this profession, take a look at some of the benefits it offers.
Archive for July, 2020
One of the main components of a landlord’s job is property maintenance. A landlord manages the damages that can happen to a rental unit over time, whether it is an emergency accident, a tenant’s mishap, or minor wear and tear. Because this is a hefty portion of a landlord’s daily activities, one needs a strategy to overcome each obstacle. Check out these property damage tips for landlords!
When you have fantastic tenants who take good care of their units and pay responsibly, being a landlord is smooth sailing. However, a landlord’s job is a two-way street, and it takes work to keep your best tenants around long-term. If you are struggling to keep your tenants longer than not, consider the following things you can do.
The coronavirus has affected every industry and every person in some way or another, and sadly, commercial real estate is also taking a hit. Businesses continue to reopen in Maryland as cases slowly fall, but some business locations are likely to diminish.
Passive income is always desirable. Who doesn’t love the idea of reaping in wages without doing much work in the long-term? However, some may wish to be more involved in the process. When dealing with real estate, one has many options from which to choose and can take on the role of a landlord or a real estate investor. To see which one might be a better fit for you, read the brief analysis below.