John R.

Although industrial and commercial properties are constantly appearing on the market, they are not as readily accessible as residential properties.

Regardless of whether you are buying or selling, negotiate! Be sure that your voice is heard and fight to get a fair price on the property price.

You can never learn too much about commercial real estate, so try to always be seeking out new sources of knowledge.

Commercial real estate involves more complicated and longer transactions than buying a home. You need to understand, when all is said and done you will receive a big return on the investment.

You should try to understand the (NOI) Net Operating Income of your commercial property.

Keep your commercial properties occupied. If you have multiple unoccupied properties, you should ask yourself why, and consider what you may be doing to drive tenants away.

Make sure you are interested in has access on any commercial piece of real estate. Your business may have unique utility needs, but at the very least, but at the minimum there should probably be sewer, sewer, phone, electric and gas.

Try to decrease potential events of default criteria prior to executing a lease. This lowers the chance that the tenant will fail to uphold their end of the lease. This is something you want to happen.

Have a professional inspector look at your property professionally inspected before selling it.

Take a tour of any property that are potential purchases. Think about taking a contractor that's a companion to help evaluate the property. Once that is done, start drafting proposals and enter negotiations with the seller. Before making any commitment, evaluate it once and then evaluate it again.

If you are touring several properties, acquire the house survey checklist for each one during your site tour. Take the first round proposal responses, but don't go further without the property owner knowing. Do not be afraid to let the owners know about other properties you are considering. It could even get you a better deal.

You might need to reconfigure the interior of your property before you can use it. This might include superficial improvements such as repainting a wall or rearranging the furniture.

You should always know the details of emergency maintenance procedures. Keep a list of phone numbers close to you, and know how long it takes them to arrive on average.

There isn't just one type of broker for commercial real estate brokers. Some brokers or agents only work with tenants, while brokers work alongside tenants and landlords alike.

If you have just begun investing, you should learn how to manage one investment type at a time. It is preferred to excel in one type than to be average at many types.

Find out how different real estate brokers. Inquire into their specific credentials and experience. Also be sure to ask about their style of work to ensure that they follow ethical when doing business and can get you the best deals.

Finding the right piece of commercial property is just the start. Having the proper knowledge can take you far.