Property Management Services Are A Must For Investors

When investing in commercial properties, there are several advantages to using a qualified property management company to oversee them. Property management in Anchorage, Alaska offers the property owner peace of mind, knowing the everyday aspects of taking care of their commercial investments are being properly handled. From retaining long term tenants, dealing with building maintenance, taking care of utility bills, and acquiring new tenants to fill vacancies in a timely fashion, the property manager will handle these tasks, taking the burden off of the property owner.

A property manager deals with several aspects of tenant relations. Keeping tenants happy ensures that they stay for a longer period of time, meaning that a steady income in generated each month. A property manager also works to collect the rent from tenants, deal with any issues they may have, and sign new leases when the old one expires. This allows the property owner to spend more time enjoying the returns for their investment instead of dealing with the day to day responsibilities.

Another benefit to using a property manager in Anchorage, Alaska is that the company offers commercial property investors the advantage of their known presence in the area marketplace. This means they can use their reputation within the community to gain new tenants when there becomes a vacancy that needs to be filled. The property manager will know how to market the commercial space and fill the vacancy quickly, with qualified tenants who will likely stay long term.

Not only can a property management company assist in the task of finding appropriate tenants for your commercial property, they work to keep the tenants happy and to keep the properties well maintained, ensuring long term tenants and steady income for the property owner. Owners can also rest assured that if a problem does arise with the either the property or the tenants that they will be handled in a timely and professional manner.

Investing In Commercial Real Estate In Anchorage Alaska

Sure there are cold winters, and many people don’t think of Anchorage initially when purchasing real estate, but when you step back and look at the bigger picture, there are many benefits to investing in commercial real estate in Anchorage Alaska. These are a few of those benefits.

1. Population density & taxes –

In the state of AK, more than 45% of the total population resides in Anchorage. For commercial purposes, it makes it the ideal location to open up shop and begin a commercial business in the area. In addition to a majority of the state’s population living in the area, it has also been named one of the most tax friendly cities in the US. So low tax rates, means more profits to the commercial property’s owner.

2. Refueling –

If your business is in the industry of import/export, driving, or similar trades (which many in the state are), this is also the perfect location for commercial investments. The reason being it is ideally situated in an area where refueling is simplified. Fedex’s main hub is in the city, and many other major transport companies are situated in the area. There’s a reason for this.

3. Financing –

Securing financing for pre-existing commercial properties is also relatively easy in Anchorage. As a business owner, or investment with reasonable credit, assets, and a good business plan in place, many lenders are willing to work with you, and offer you a relatively high amount when borrowing. Many investors can also receive reduced interest rates when investing, so choosing a lender is something which is competitive (but benefits investors).

Appreciation values are also reasonably high in the area. This means if you invest in commercial real estate in Anchorage Alaska today, it is going to increase in value in a short period of time. Add in the fact that commercial properties are cheaper than in other major US cities, taxes are low, and operational costs (including cost of labor, utilities, etc) are lower than in other major cities, and it is the ideal location to consider investing in commercial properties.

Regardless of your business plan, as long as you have one, some money set aside, and reasonable credit, financing shouldn’t be too difficult to come by. For investors, and new businesses alike, Anchorage might be the perfect (hidden) location to consider investing, when it comes to operating a commercial business, or opening up new commercial properties in the near future.

Multi Family Property Investing in Anchorage Alaska

When it comes to investing in real estate, multi family properties can be a wise decision that can create steady cash flow for the investor. Multi family property investing in Anchorage, AK offers several benefits over investment in single family dwellings. Here we take a look at some of the benefits of owning multi family properties as an investment.

Multi family properties offer the advantage of being easier to manage. Instead of going here and there around town to handle individual tenant needs, everything is under one property. This means the need for only one property manager who can handle issues such as collecting rent, maintaining the grounds, and handling issues with tenants.

When making improvements on the building(s), you are adding value to your investment that also benefits the multiple families who live there. This means creating an attractive, well functioning space that will make tenants want to stay, which in turn means a steady income for the property owner. By making improvements and upgrades that benefit the tenants, you are also increasing the value of the property. This is a great way to appreciate the property while pleasing the tenants at the same time.

Multi family property investing in Anchorage, AK also provides opportunities to create even more cash flow than the money received from rent. Adding something to the space that will benefit all of the tenants as well as your finances is a great way to do this. For example, if your units within the property do not have hook ups for washers and dryers, consider adding small laundry facility on the property grounds. This is a great way to gain the money your tenants would otherwise be spending elsewhere, plus it provides a convenient perk of living in your building as opposed to someone else’s. This creates a win-win situation for both the property owner and the tenants.

Multi family properties also tend to hold their value better than individual properties. This is something to think about should you ever consider selling the property sometime later. Another financial perk for the investor is that many times multi family dwellings provide great tax incentives which means saving money.

Providing clean, safe, and affordable housing options for multiple families is always a good thing for both the tenants and the investor. Taking a less than desirable property and rehabbing it to make it a place families will want to live is a great way to invest your real estate dollars. You can also be sure that by doing this, you will see a favorable return on your investment.

Graham Commercial Real Estate Closes 2 Properties in 47 Days!

Chad Graham, of Graham Commercial Real Estate, is one of the most experienced and knowledgeable realtors in the Anchorage, Alaska area, with over ten years in the business.

As a specialist in dealing with commercial properties, Chad has been able to close the deal on commercial properties within 47 days, when the properties had been on the market for over a year under another real estate firm. When it comes to getting the job done, Chad Graham is the expert.

Chad’s areas of expertise include knowing the ins and outs of leasing strategies, keeping up with current pricing trends for sales and leasing, and anticipation of upcoming trends in the real estate market. Chad’s credentials include being a member of the National Association of REALTORS,as well as being a member of BOMA, the Top 40 under 40, and ICSC International Council of Shopping Centers.

Before breaking out to start his own business in 2013, Chad Graham started with Realty Executives (now known as CREA) in the year 2000, working in their Commercial Division until 2010. He then decided to partner with GTK Commercial Property in 2010, until breaking out on his own to form his own company, Graham Commercial Real Estate, of which he is the Co-Founder and Chief Executive Officer.

When it comes to the buying, selling, and leasing of commercial properties, you need a real estate professional that you can put your trust in. If you are looking to buy or sell commercial real estate property in the Anchorage, Alaska area, look no further than Chad Graham.

With over a decade of experience in the leasing and management of commercial properties, including industrial, retail, and offices spaces, you know you are in good hands when dealing with Chad Graham. Let his experience work for you.

Benefits Of Working With a Good Property Management Company

In order to obtain the most benefit from your commercial property investment, it is a wise decision to hire a property manager. Property management firms understand the ins and outs of the day-to-day operations of handling tenant concerns, building maintenance, utilities, and marketing to obtain new tenants. These are issues that many property owners are not specialized in or prepared to deal with on their own. Here are some of the many benefits to be gained by using property management for your commercial properties.

* Keeping Tenants Happy

One of the main aspects of making a profit from your commercial property is to keep it occupied by tenants. The property manager acts on behalf of the property owner to ensure that tenant needs and concerns are addressed. They will also handle such issues as having tenants sign new leases upon the expiration of the former lease. This saves the property owner a lot of time and even allows them to keep properties in another state while not having to worry if there is an issue with a tenant. Keeping tenants happy is the best way to keep your commercial spaces occupied and maintain a steady rental income from them.

* Advantages Of Market Presence

Whether you have a new commercial property that you need to fill with tenants, or need to lease a vacancy, a property management expert can help to fill the empty spaces quickly. Property management companies are respected in the area market and know what it takes to attract businesses to your property. Hiring the right property management company can also benefit the owner if the company has a good reputation within the community.

* Making The Most Of Your Long Term Investment

Commercial property is a long term investment that most often yields the owner more profit than owning residential properties. Property management plays a huge role in dealing with the many issues that can arise when dealing with both tenants and managing buildings. The property manager oversees the physical property to ensure it is properly maintained and that utilities and other bills are paid, as well as handling relations with the tenants.

* Conclusion

By hiring a property management service, the commercial property owner can be sure that their long term investment is being handled properly. This also takes a lot of pressure off of the owner, as the property manager will handle many aspects of the property such as finding and retaining tenants, keeping up the building and grounds, dealing with paying bills associated with the property, and handling the many issues that may arise with both tenants and buildings in a professional manner.

Investing in commercial real estate in Anchorage Alaska

There are many benefits to be gained by investing in commercial real estate property in Anchorage, Alaska. Anchorage is the most populated city in Alaska and contains more than 40% of the total population of the state, making it a specifically good area in which to invest in commercial property. Anchorage also has the honor of having been named an All-American City on four occasions, as well as having earned the title of the most tax-friendly city in the U.S., according to Kiplinger. The location of Anchorage, Alaska makes it an ideal location for refueling stops for many international passenger airline flights and the city also houses a major FedEx hub. All of these factors mean that Anchorage has a lot of people not only living there, but passing through, which is always good news for businesses.

Investing in commercial real estate in Anchorage typically tends to be more lucrative than investments made in residential properties in the area. This is due to several factors. It is easier for investors to secure a favorable financing rate when investing in a pre-existing commercial property. Buyers can often receive low interest rates when buying a commercial property in the area. Commercial real estate, unlike investments such as stocks or bonds, tends to retain its value or even appreciate in value because both the physical property and the building structures are considered to be “hard assets”.

Commercial real estate properties offer good appreciation value and any improvements a tenant makes to their business can work to increase the overall value of the entire property. Commercial investments also offer buyers a shield when it comes to inflation, as prices tend to increase along with inflation. This acts as a buffer so that the property owner can keep up with inflation and not lose money on their commercial investment.

Choosing to invest in commercial real estate properties also offers the benefit of higher income potential over residential investments. This can prove especially true for properties in the area that yield higher rental rates or lease payments. Choosing the location in which you invest can make the difference in the amount of income you receive from the property over time.

With its high population and ability to attract tourists and visitors, Anchorage is an ideal location in which to invest in commercial properties. Where there are people, there is a need for offices, shopping, and dining establishments. Investing in the commercial side of Anchorage can be a benefit to the local economy as well as to the investor’s finances.

 

Consider using a property management company

 

For those who are interested in investing in commercial properties, it is a good idea to consider using a property management company. Seeking property management services will take a great deal of stress of the property owner, as well as ensure that the proper tenants are found in a timely manner. With the expertise of a property manager, the owner can enjoy the benefits of their investment without dealing with all of the hassles associated with trying to manage your commercial properties on your own. Here we look at some of the specific benefits offered through property management services.

* Getting The Right Tenants

Property owners can greatly reduce the chances of getting a bad tenant by using the services of a property manager. Property managers are experts in their field and know how to “weed out” bad tenants that might cause damage to the property or be unreliable with their rental payments. This spares the owner the hassle of trying to collect late rent payments or having to deal with tenants who have damaged or destroyed the property.

Through thorough screening techniques, the property manager can discover the rental history of prospective tenants to help ensure that you only end up with reliable tenants that you can build a long term business relationship with. Reliable tenants with a good rental history are also less likely to cause damage to your investment property.

* Save Yourself The Burden Of Dealing With Paperwork And Legal Matters

Leasing a commercial property to a tenant is more than just finding the right tenant. There are also various legal matters that have to be looked into and a lot of paperwork involved in the process. The property management service will handle all of these matters for you, allowing you more time to do other things. Property managers have knowledge of the current laws regarding landlords and tenants, which gives you a great advantage when it comes to matters such as avoiding lawsuits regarding your properties. The landlord can also rest easy that such matters as inspections, lease addendums, eviction notices, gathering security deposits, and dealing with the collection of rent will be dealt with by the property manager and that everything is being done legally.

* More Benefits Of Using Property Management

A property manager has the necessary tools to help promote your vacant property to the right people. They can deal with issues such as adjusting the prices to keep up with current rental averages, performing property makeovers to make the space more desirable to potential tenants, and can make sure your property gets the proper exposure needed to fill any vacancy quickly. This saves the landlord a lot of stress, and ensures that the right tenants are found and will remain in the property for a longer period of time.

* Conclusion

Using a property manager makes owning a commercial investment easier on the landlord, while bringing in the right tenant for your space. This helps you make the most of your property investment and assures that you get tenants who will be reliable and pay their rent in a timely manner.

High demand in Anchorage according to property management sources

In spite of a downslide in state revenue due to a drop in oil prices, the retail sector of Anchorage continues to thrive. While some box stores may be seeking to downsize or rent out extra space, commercial real estate continues to be in high demand in Anchorage according to property management sources. This keeps the city’s commercial vacancy rates around one third of the national average of retail vacancies. While some remain nervous because they feel the effects of the oil price crash may not be felt immediately by retailers, this hasn’t seemed to stop many new businesses from resizing, opening, or breaking ground for new stores.

Some of the newer businesses expected to open in Anchorage include an artisan market in the old Spenard La Mex building, Ulta Beauty, Men’s Warehouse, and Pier 1 Imports at Tikahtnu Commons, and a 35,000 square foot H&M Clothing store and several other outlet retailers at Diamond Center Mall. This list goes on to include many new dining establishments and even a 120 room hotel. It is expected that Anchorage’s retail sector will continue to grow due to the surge in the economy of the United States.

It is thought that even with the drop in oil prices, that Alaska is better able to handle the situation now than it would have been back in 1986 when both commercial and residential real estate prices plummeted. This is due to interest rates currently being historically low, and because the state government has money in the bank and Alaska is now more economically diverse than before. While oil prices may have dropped, so did government spending.

Aside from the booming retail scene, there are still some concerns about the economy in the Anchorage area. The area is expected to lose hundreds of jobs in 2016 and there is also a lack of available housing in the area which can drain the economy and also prevent new workers from becoming a part of the city’s work force.

To bring in new workers to the area, it is said that Anchorage needs to find innovative ways to attract them to the community. This might mean the development of higher-density housing projects, which would require the city to change some of its zoning regulations. Other ideas might include introducing a new brew pub to the area which would tend to attract a young workforce. In turn, this leads to more people working and living in the area, which means that the economy gets a boost.

Leave It to the Experts: Finding a Commercial Real Estate Manager

Do you need to sell off some property you inherited? Or do you want rent your house out for a few years while you travel to work in a different country? It doesn’t matter the size or location, there is always someone interested in it, you just need to find them.

This is a job you can hand over to a property management firm in Anchorage. They will help you to sell or lease real estate by connecting you to a prospective buyer or tenant. With years of experience to work with, these companies will find the right kind of people and get all the legal documentation done on your behalf.

Tasks of a Commercial Real Estate Manager

Property management firms hire commercial real estate managers who perform duties to suit their clients’ needs. After they handle the marketing and get you a customer, these managers will see to it that the lessees are well settled in.
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What You Should Expect From High Standard Property Management Service

Whether you are preparing to finalize the purchase of your first Anchorage commercial real estate investment or have been an investor in the area for years, you may be taking a closer look at what property management services have to offer. You may have heard that a property management service in Anchorage can decrease a significant amount of your stress and hassle associated with the task, but you may not be certain that the fees they charge are worth paying for. With closer inspection of the services offered, you may realize that this is exactly the service that you need.

The Rental Process

The rental process for a commercial property can be burdensome to deal with, and it can take up a considerable amount of your time and energy.
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