If you’re looking to invest in a multifamily property in this market, it’s just a fact: Expect to analyze and make offers on multiple properties to find the right fit. So, having a system in place to do the necessary due diligence will help you not only move faster but also make fewer mistakes. Our
Last year, my partners and I closed on a portfolio of rental properties. The owner assured us that there were no leases or security deposits. After we closed, we discovered that there were in fact leases and deposits, and he refused to refund them. We decided it would be cheaper to eat the difference
If you’re considering a real estate investment, you’re probably asking yourself what the market rents are for a given property. So, how do you figure out the rental projections for a given market? A rent study should answer that question and give you the tools you need to make an educated guess of where rents
Rental rates downtown have been steadily increasing over the past three years. Class A Apartment rent in Q1 of 2021 averaged $1.50/SF/Mo for a 1000 SF unit, and $1.95/SF/Mo for a 550 SF unit. We've defined Class A as relatively new, amenitized, and close to the Central Business District. For our analysis we've included Canalside,
The Downtown market is off to strong start! As I and the rest of the brokers on my team all live in Downtown’s Olde Town neighborhood, the Central Business District is near and dear to our hearts! It’s great to see so much excitement around the growth downtown, and to hear and be a part
For investors looking for a long-term steady source of income with minimal risk, a triple net lease offers a promising prospect. Unlike double net leases, which require tenants to pay some degree of the rented property’s maintenance costs, real estate taxes, fees, and property insurance, a triple net lease requires the tenant to pay all
Why Augusta? Augusta, Georgia, is enjoying a renaissance that looks to continue for the long term. The city is recognized globally as a cybersecurity capital, thanks to the relocation of the U.S. Army Cyber Command headquarters to the region’s already significant military presence at Fort Gordon. Then there’s its well-deserved international reputation as a health
Sale of Checker’s Drive-In For Oregon-based real estate developer Michael Pearson, it was the perfect storm. For nine years, he’d owned an investment property in Augusta, GA—a Checker’s Drive-in restaurant with about $415,000 of 1031-exchange deferred taxes on it. The tenant, Star Chain, was a longtime 27-unit Checkers franchisee that had recently declared bankruptcy because
Danielle has long been part of the transformation of downtown Augusta as a renter, homeowner, renovator, multifamily property owner and investor—and her passion and experience give her an advantage and view beyond that of many other agents. As an agent at Meybohm Commercial, Danielle works with buyers, sellers and investors. She earned the Greater Augusta
You've probably seen ceiling height called out in listings for warehouses and manufacturing buildings. But why should that number matter to you? What is "clear ceiling height"? "Clear ceiling height" is the height at which product can safely be stored on racking. It's also defined as the height of a building from the floor to the bottom of the
