Burt M. Polson, CCIM, is a real estate broker with ACRES Real Estate Services Inc. helping clients sell, buy and lease real estate. Reach him at 707-254-8000, firstname.lastname@example.org or BurtPolson.com.
You may find yourself in a situation where you own a property with an illegal unit or perhaps you are buying or selling a property with an illegal unit.
Investment property owners have different reasons for selling, but some may fail to see the big picture and miss an excellent opportunity to sell.
Taxes play a significant role in the bottom line for commercial real estate investors, therefore any chance to delay or eliminate tax consequences of a transaction are generally pursued in earnest.
You will find several opinions regarding a proforma financial report for an investment property. Some descriptions used may be “working magic,” “pie in the sky” and “using a bit of pixie dust,” to coin a few terms.
The lease is an essential document as it gives a tenant the right to use a property from the owner. Knowing the terms in the lease before you sign and during your use will provide you with peace of mind with minimal surprises.
A lease can be an often skimmed-over document with most not concerned about its contents until a problem arises or the lease expires and you are wondering what to do next.
Some leases can be tricky to understand. Here are a few tips so that, even though some leases can last longer than some marriages, you will understand them better.
Getting stuck in a lease with less than favorable terms or terms you do not fully understand can give you years of regret. Both landlords and tenants need to be sure they ask questions and know the specifics before signing.
In part one we discussed my clients, Steve and Cheryl, who doubled their money using the house ‘hacking’ technique of purchasing, managing and living in one unit of their four-plex multi-family property.
Have you ever considered owning an owner-occupied multi-family property? My clients Steve and Cheryl did, and it worked out well for them.
The year was 1992. The World Wide Web is one year old, Windows 3.1 is introduced and the first text message is sent on a mobile phone. AOL is the way many accessed and used the Internet.
Whether your rental property is a house or a big-box single-tenant net leased property occupied by an Office Depot or Whole Foods you have qualified a tenant and executed a lease.
Investment property owners must evaluate prospective tenants’ creditworthiness as an essential part of creating a solid return on their investment while mitigating any future potential issues.
In part 1 of this series about listing agreements, we discussed the three basic types of listing agreements.
If you sold or leased real estate with an agent or broker, you probably signed a listing agreement, or what is formally called an exclusive authorization and right to sell, or exclusive right to represent owner for sale or lease of real property, depending on the form used.
Part 1 of Understanding the ADA (Americans with Disabilities Act of 1990) highlighted the difficulty many commercial property and business owners have in understanding and implementing the ADA.
Part one of Understanding the (Americans with Disabilities Act (ADA) of 1990 highlighted the difficulty many commercial property and business owners have in understanding and implementing the ADA.
Commercial property owners and business in Napa have been a target in the past for lawsuits of alleged violations of the Americans with Disabilities Act (ADA).
I have not lost my mind. I am not offering a “get rich scheme” or a secret way of “timing the market.”
No one wants to be taken advantage of, but there are plenty of unscrupulous people who want your money and are devising ways to get it.
Several of the resources real estate brokers use can cost upwards of $1,000 or more per month.
If you are purchasing real estate, you probably want to know what you are getting yourself into and perform due-diligence.
The news media tells us Amazon.com is disrupting the retail industry causing stores to close. Retail is evolving, and it is not all negative.
Every investment has some level of risk. Unlike my nephew who is trading bitcoin and other cryptocurrencies, commercial real estate is probably a less risky investment.
“I thought the only risk you had was making sure the rent check cleared the bank,” exclaimed Paula, a friend of mine who is considering investing in commercial real estate.
The Napa earthquake of 2014 likely affected the value of several homes close to the fault with several owners finding it may be difficult to sell at some time in the future.
I recall going on a run at Alston Park in Napa after the earthquake to find a 6-inch crevice that opened up across several trails.
Substance abuse and homelessness are part of our community in the Napa Valley, and The Salvation Army of Napa Valley’s Culinary Training Academy was established to make a difference in the lives of those needing a second chance.
The Multiple Listing Service (MLS) appears to be in a constant state of change. Fortunately, the changes are mostly positive as they strive to meet the needs of the broker and consumer.
My prayers are with those who have lost family members, homes, businesses and belongings during our recent wildfires.
I find myself confronted with a classic example as described in my recent two-part article, “The maintenance money pit.”
In the 1986 comedy “The Money Pit,” Tom Hanks and Shelley Long play a young couple who just bought their first home paying an unbelievably low price for a beautiful mansion.
California will soon be another state legalizing the recreational use of marijuana. No one seems to know the full effects of the new law and to many of us feels like one huge quasi-experiment on the population of the state.
There has been an accelerated impact of technology on our lives that is hard not to notice. As we continue to embrace new technology, it will affect our lives in ways we never imagined.
Do not get ahead of your emotions. Watching those house-flipping shows, hearing the real estate gurus tell you about how many millions they make and counting the success stories of other investors is far from reality in the real estate investment world.
Did you know you can realize many of the benefits of owning investment real estate in a syndication without ever screening a tenant, repairing a leaky roof or collecting rent?
Gone are the four basic sectors of commercial real estate: retail, office, industrial and multi-family. They are still very much a part of many portfolios, but the investor and broker will need to consider several new categories.
Selling and buying real estate has changed more in the last five years than in the last 25. Long gone is the one-page carbon purchase agreement my grandfather used or the MLS listing book brokers kept close in hand.