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Essential Questions to Ask Yourself When Buying a CRE Property

The world of commercial real estate is complex, but purchasing your first CRE property shouldn’t feel impossible. If you’re ready to take the plunge on your first property, here are 5 things you should keep in mind.  Establish Clear Goals Make a list of property must-haves based on your business goals. Consider the following questions:  …

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Is Commercial Real Estate a Good Investment?

If you’re looking to diversify your portfolio or dip your toe into investing for the first time, you may be asking yourself if commercial real estate is still a wise investment. After all, the pandemic and resulting economic downturn shook the foundations of many industries. Now that the pandemic is in the rearview mirror and …

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Upgrading Your Amenities for the Modern Tenant

Running a profitable and sustainable CRE property requires reliable, high-quality tenants. In order to draw in and retain these tenants, property owners need to identify opportunities for accessible add-on amenities that could boost curb appeal and increase tenant satisfaction. While you may not have to go as far as adding Silicon-valley style game rooms for …

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6 Ways to Beef Up Your Property Listings

The Internet is a noisy place. If you’re looking to sell your CRE property, your listing needs to be able to compete with a slew of other property listings and competing priorities. (Let’s face it, your buyers are probably just as busy as you are).  But, if you put a little extra oomph into crafting …

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4 Questions to Ask When Hiring a CRE Broker

Where do you see the market going? Plain and simple, this question shows whether or not your broker has their finger on the pulse of what’s happening in the industry, both on local and national levels, and whether they have the know-how to effectively advise you on how to strategically invest within a changing market. …

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CRE Terms You Need To Know — Cash on Cash Return

In an attempt to give more ongoing foundational information to prospective buyers and tenants, we’re going to continue on with a series of posts defining core terms in commercial real estate. Our “CRE Terms You Need to Know,” officially kicks off here. There are a multitude of metrics that commercial real estate investors use to …

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How to market a challenging property

Step one — don’t despair.  We know it can feel like the cards are stacked against you, but even in today’s volatile marketplace, selling a challenging property is possible. It just might take some time, elbow grease, and smart marketing. Here are five things to consider when you’re trying to market a challenging property. Challenge …

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3 Rules + 2 Tips For First-Time Investors

Investing in commercial real estate is a great strategy to earn some extra income. But the road from first-time investor to CRE guru has some twists and turns. If you’re thinking about taking the plunge on your first investment property, here are 5 things to consider.  Have a long-term plan Getting started with your first …

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The pitfalls of managing your own commercial real estate deals

We get it. Google makes us feel like we can do anything. And with the widespread availability of commercial listing sites, it feels simple and easy to browse around for potential commercial property, or sell your property on your own. While there’s nothing more satisfying than a self-taught success story, DIY-ing certain parts of the …

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Winter is coming. Are you prepared?

Winters in Michigan can be harsh, and if properties aren’t properly winterized, water damage from frozen or burst pipes can cost you tens of thousands of dollars.  “We encourage all of our property owners to start the winterization process sooner rather than later,” says Eric Chagnon, Business Operations Manager at NAI Mid-Michigan. “All it takes …

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