Commercial Property Managers – What Is A Tenant Retention Plan And Why Do It?
General experience is fine, but regional or local experience gives a home inspector an extra edge. For instance, if an inspector has been working in your area for a long time, they probably know about unique conditions to watch for (radon levels, basement moisture, life expectancy of roofing, etc.).
Example:If the Seller signs a three-year Laundry Contract with a ,000 bonus 90 days before your purchase is complete and you have a solid Prorations Clause in your Purchase contract … they will only get to keep 8.2% of that bonus … because 90 days is 8.2% of three years.
Grants are usually awarded to people with a solid business plan. Develop your strategy for success and be ready to prove it when you apply for the grant money. Determine what skills you have to offer and why people will want to use your business. You should decide if your business will be based from your home or if you will need to rent a commercial property. Include all of these details in your business plan so you will be ready for action when your first grant money arrives.
There are many tax benefits like interest deductions, depreciation & amortization. Of course, speak to your accountant for specifics to your tax situation.
Raise your retails – Do some comparison shopping and raise your prices. You’re in business to make money. Provide good service and customers will pay a little more.
Always consider the location. Take into consideration, the growth and changes that may vary the surrounding. There are many people who find it pretty hard to look for a perfect place to live in or to invest with. You must see to it that the place is accessible. You don’t want to waste your money on putting up a business that will not be known to people so you must choose a very nice location carefully.
Get the best angles during the best light of the day. Do not put in pictures of the repairs that must be done to the property. That’s the job of the lender’s inspector, who will inform the underwriter of any necessary repairs.
Check out the properties that were purchased about 4 or more years ago. History shows that they will be in the next group of properties to come on the market for sale.