If you’re thinking about buying commercial property to rent out, it’s important to understand the cost of your investment compared to the income it will generate. In order to figure out how much money you can make with a multifamily real estate investment, you’ll need to calculate your ROI, or return on investment.
Are rental properties a good investment? If you’re looking for a smart investment with potential for a sizable ROI, buying commercial property to rent out may be the right opportunity for you. In this series, we’ll be covering the basics of owning rental properties, and we’ll explain why learning how to invest in commercial rental properties could be the best business decision you ever make.
If you’re interested in building or investing in multifamily properties, it’s important to consider more than just units per square foot, rent rates and utilities. Certain amenities and services can be enticing to potential renters, and maintaining high overall service quality is vital, if less tangible. Providing flashy amenities might draw tenants in, but offering high quality and responsive service will keep residents satisfied.
As you consider what amenities and services to offer at your multifamily rental properties, think about what those offerings will cost and if your tenants will find more value if you invest that money elsewhere in the property. Read on for an explanation of the differences between amenities and services, along with our recommendations for how to save money while offering more value to your tenants.
Buying an investment property to rent out to tenants comes with no guarantee of seeing a return on investment. However, selecting the right property and following industry best practices will help you acquire a real estate investment that generates income. We’ll discuss how to buy a rental property and how to make improvements that add value to your properties.
Co-living is one of the newest commercial real estate trends that appeals to millennials because it fits in with the millennial lifestyle values of travel, adventure, minimalism and connection. “We living” is gaining popularity in larger cities like New York, Los Angeles and Washington D.C., but could a co-living property find success in the midwest? If you’re interested in buying commercial property to rent out in the midwest, read more to find out if a co-living property could be a good investment for you.
“We living” is one of the newest commercial real estate trends, and it’s continuing to grow. Co-living properties are popping up in big cities all over the country. The “we living” concept is distinct from traditional apartment living because it offers a dorm-style environment where tenants rent a private apartment but share common spaces like large living areas, patios and communal laundry. “We living” buildings also encourage residents to connect with one another by hosting community events, classes and social opportunities.
Introducing the biggest up-and-coming commercial real estate trends: “we living” apartment buildings and co-living properties! The “we living” housing concept is a growing trend in big cities like Washington D.C. and New York City.