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
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
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
In a commercial real estate transaction, a seller can leave a lot of money on the table if the buyer is well represented and they are not. Worse still, the seller may look to the buyer’s broker for advice and mistakenly believe that they are being represented and receiving advice that is in their best
Evans, Georgia is not only the best place to live in the United States according to Money Magazine, but also a great place to conduct business. If you are looking to locate your business in Evans, here’s some information that may help you as you search for a location. From 2019 to 2020, the price
Roll-up Doors are a defining feature of industrial buildings, and it's important for users and investors to know some the details regarding their selection, use, and construction. What are different kinds of industrial building doors? There are a few different types of industrial doors; overhead doors, roll-up doors, and scissor doors. Here's an overview with
Historic Tax credits are incredibly complex instruments. They can be used to make historic renovation projects feasible that otherwise would not make financial sense. They can be coupled with other programs such as the opportunity zone program or enterprise zone programs. This article will cover some of the basics and provide links to helpful resources.
In the post-pandemic world, ensuring that your commercial property can be toured and understood remotely is essential for it to compete in the marketplace. Due to the Pandemic, tenants are increasingly wary of letting strangers walk through their buildings--this is especially true for multifamily. Reasons for the increasing popularity of 3d Virtual tours: Social Distancing
