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4 Effective Steps to Find Commercial Rental Properties for Sale

The Robert Weiler Company

Transportation and access. Average prices of comparable commercial rental properties available in the area. Insurance costs in the area. You might have a notion as to what the local property taxes might be, but have you considered other factors – such as mortgage and the utilities needed to keep your property running?

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Warehouse Space in Columbus, Ohio: 17 Actionable Steps to Find, Lease & Organize Your Next Hub

The Robert Weiler Company

How about access to roads and highways or specific modes of transportation? You’ve likely already built a strong relationship with them and are satisfied with their property management. Conduct due diligence on the tenant you’re subleasing from as well as their landlord. Visit the warehouse property in person.

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How to Buy a Rental Property: Get Tips from the Experts

PennyMac

Otherwise, you may need to hire a property manager. For example, typical annual costs include things like: Insurance. Property taxes. You have to have enough money saved to be able to handle expenses such as repairs, and cover the holding costs if a tenant moves out unexpectedly or stops paying rent. Sepehr Niakan.

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Why Buy Commercial Real Estate? Deep Dive Into 6 Sought-After Property Types!

The Robert Weiler Company

If you plan to buy commercial real estate in Ohio or beyond, you must have access to a roster of current tenants, service contracts, and maintenance records. Income and expense statements also help you gain knowledge about the property you’re looking to buy. If it seems as if you’re over-leveraged you won’t get the loan.