We are constantly surrounded by information and data, but not many of us, especially in the commercial real estate industry know how to make use of all the data out there. Especially because there is a ton of data that we’re failing to collect right within our own properties.Read more…
ARV – After-Repaired Value
CCIM – Certified Commercial Investment Member
COO or C of O – Certificate of Occupancy
CMA – Comparative Market AnalysisRead more…
Did You Know: Museums boost residential, ✅💰commercial values?
It’s true, according to a study by economics professor at Williams College in Massachusetts, Stephen Sheppard, property values of homes near museums surge between 20 to 50 percent📈 over a 5 year period.
To learn more, visit https://magazine.realtor/…/study-museums-boost-residential-…
What many new commercial brokers don’t know about commercial real estate is that there is actually a great deal of number crunching involved with a commercial real estate transaction. If math isn’t your strongest suit, then you might be hesitant to try to do any or all calculations yourself.Read more…
“All Businesses need to be young forever…”
Amazon’s own CEO, Jeff Bezos said it himself, in order to appeal to the younger generation of shoppers and cliental, businesses have to stay forever young, and frankly he’s not wrong.
Commercial real estate is no longer about a simple and functional building. Tenants demand more in terms of aesthetics, functionality and recently, technology. Tenants want a work and living environment that embraces the forms of technology that create unique and inspiring experiences each time they encounter them.
If you haven’t had your try at VR or AR also known as Virtual Reality and Augmented Reality, then stop what you’re doing right now and give it a go!Read more…
Time to Improve your Email Templates.
Most brokers send some type of regular email newsletter. 2019 is a great time to implement at least a few improvements.
Their primary findings. The most successful emails tend to:
- Use simple layouts.
- Keep the copy concise.
- Repeatedly test what is sent.
It’s easy to get distracted creating a complex email. It takes more time and your audience probably doesn’t value it. And keep in mind people read emails on dozens of different devices. So simple wins. Images also help emails, but only if images are in correct balance with quantity of words.
With any great process, testing is essential. Figure out which email format provides the best customer response.
But, wait, Why do you even have an email newsletter? …if you have read this entire email and don’t know your WHY, stop. We will talk about the WHY next week.
As the new tax season approaches more and more real estate investors are wondering whether or not they qualify as what the IRS calls a “real estate professional.” If you’re new to real estate investing and are curious to find out whether you fall under this category, keep on reading. You’ll be surprised to find out that there are actually 3 different categories you could possibly fall under.