Blog Posts in 2011

6 Mistakes That Could Cost You

Over the years I have witnessed many mistakes made by buyers of Commercial and Multi-family properties. Here are a few of the most costly mistakes: Not getting a professional inspection done on the property BEFORE you buy it. If you don’t know exactly what you are buying then you don’t know what needs to be done immediately, what needs further investigation or what the costs to repair will be. ...

How Real Estate Investors Can Save Money

It has come to our attention that some real estate investors want to know how to save money on property they own. How would this best be done? How do they keep from spending money unnecessarily? How do they make the money they do spend the most effective? Here are my answers: Maintenance Timely maintenance. Properly done maintenance. Maintenance done in the correct sequence. What I am talking ...

Triple Net Lease Inspection, Do I Need One?

I know Im getting into a Triple Net lease but really its just a lease isnt it? Isnt the owner always responsible for all the physical stuff and I just pay him the rent? I have been in a long term triple net lease, do I need an inspection? I am getting ready to end my long term triple net lease, I dont need an inspection do I? The simple answer is yes you do need an inspection. A bit of education ...

What is a Phase 1? Do I Need One?

I have been asked a lot recently about Phase 1s. I realize there is a lot of confusion about them. Let me try to clear the air a bit so to speak. What is a Phase 1? In its simplest terms, a Phase 1 is a site visit and document review of the surrounding area to determine if further investigation is advised from an environmental standpoint. Phase 1 Inspection A Phase 1 inspection is a review of ...