Commercial Property Management in Orange County CA
www.goodmanmanagementteam.com
What foreign buyers want to target next? Commercial real estate? In the current climate, many realtors specializing in commercial property management in Orange County CA are noticing a spike in foreign buyers and the commercial real estate market. According to Real Capital Analytics, commercial real estate purchases by foreign investors took a turn up from $468 million in 2014 to $2.3 billion at present.
www.goodmanmanagementteam.com
Why commercial and not residential? So what is the difference when it comes to investing in commercial or residential? There are actually many benefits for choosing commercial, especially when you have a great commercial property management in Orange County CA to nurture your relationship with tenants and protect the property with regular checks.
www.goodmanmanagementteam.com
Longer Leases A landlord’s biggest concern can often be whether a tenant will renew their contract or not. This can often have a knock-on effect of paying the bills and cover yourself for a couple of months until you find someone else. A residency contract is usually reviewed and can be turned over every six or twelve months. However, a commercial tenancy can continue for years! The tenants usually occupying the property invest a lot of time and effort into making it look right for them, which usually prolongs the length of the tenancy overall.
www.goodmanmanagementteam.com
Improved ROI
Return on investment for commercial properties accumulate a very high rental yield in comparison to residential investments. Earning potential is the reason why so many often lean towards commercial property investment. Finding commercial property management in Orange County CA would just help with boosting this and nurture your tenancy to ensure contracts are happily renewed and rates meet the standard.
www.goodmanmanagementteam.com
Standards are more likely to be maintained
Especially for those tenants who work in a retail industry, they want their store (your property) to be in the best condition possible. Unlike residential tenants, their ideals and aspirations for the property align with the landlord. As a result, your property is much more likely to be maintained to a high standard.
www.goodmanmanagementteam.com
Less midnight calls from tenants
As the business usually falls in line with working hours, the property is only occupied during the day, when you work. This way, the amount of panic phone call about an issue in the property is reduced significantly. Your free time as a Landlord can actually be your free time, bar the odd emergency alarm you have to attend to. The best property management companies in Orange County CA will take care of those too if you wish so you can really sleep easy!
www.goodmanmanagementteam.com
For more information:
Gerry Goodman Real Estate Services 17853 Santiago Blvd. Suite 107-193 Villa Park, CA 92861 Cell : (714)588-3338 Fax : (714)282-2242 Email : gerry@gerrygoodman.com
www.goodmanmanagementteam.com