Tag Archives: investment

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.


Finding an Investment Property that Can Produce Big Profit

There are several goals that different investors may have in mind when shopping for commercial real estate in Anchorage. For example, some may want to flip the property with a quick renovation and a sale. Others may want to hold onto a property for long-term income generation. If you are looking for an income-producing property, there are a few important steps that you can take to make a better buying decision.

Review Operating Statements Closely

When buying commercial real estate, it is ideal to ask for at least the last few years of income and expense statements, or operating statements of the property. This will include figures for property taxes, insurance, maintenance utilities and more. It also will include the income generation numbers.

How to Find the Most Profitable Investment Property on the Market

When you are looking to invest in commercial real estate in Anchorage, Alaska or anywhere else, there are many important considerations to keep in mind throughout your search. In addition to working with an experienced commercial and investment property specialist, you will also need to consider your own requirements for the property as a part of your purchase plans.

Buy If the Price Is Right

Before you get your heart set on a particular plot of land as an investment property, set a budget for yourself. Going over your predetermined budget could make it more difficult for you to exit the property when you need to do so. You may also find that going over budget incurs additional costs over your period of ownership, such as increased property taxes, particularly in Anchorage, AK. Knowing your budget and sticking to it helps to ensure that you will be satisfied with your purchase.