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Misconceptions Potential Commercial Property Investors Should Overcome

Misconceptions Potential Commercial Property Investors Should Overcome | Brett Halvorson & Associates | Scoop.it

Commercial property investing, especially in a bustling city like Perth, can be a rewarding experience. There’s always someone new lining up to get a piece of the action. Yet with the many opportunities that come along with investing in commercial properties, it’s a wonder why some investors would rather stay away from it. Succeeding in this field entails overcoming a few misconceptions.


It’s Too Risky


Some investors are held back by the fear that they won’t make a substantial profit. That is a valid concern, but with the right preparations, you can manage risks to a reasonable degree and emerge profitable. Among other things, identify which business needs you can fill in your chosen target market so you can find a suitable property and avoid gambling your capital away.

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Great Management Advice for Commercial Property Landlords in Perth

Great Management Advice for Commercial Property Landlords in Perth | Brett Halvorson & Associates | Scoop.it

It’s great to be the boss, and a landlord at that. Yet with the perks of commercial property investment in a major city like Perth come certain responsibilities that you, as the landlord, need to fulfil. You also have tasks such as tenant screening, rent collection, maintenance, and so much more to accomplish.


Fortunately, you don’t have to do it all on your own. With the right strategy, you can meet all your obligations as a landlord without giving up your day job. Here are some helpful management tips to consider.

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Perth Commercial Property: Making Storage More Enticing to Businesses

Perth Commercial Property: Making Storage More Enticing to Businesses | Brett Halvorson & Associates | Scoop.it

Many businesses in Perth need to rent or lease commercial property storage units for a variety of reasons. Some may require them during expansion when they’re temporarily overstocked, some take advantage of the short-term lease as they’re relocating or renovating, whilst others simply want more floor space for office work. Meanwhile, some online retailers need to lease product warehouses for order fulfilment.


If you own a self-storage facility, there are things you must consider before serving the commercial market. Business looks promising if your facility is located near a commercial or industrial area. Even if you’re surrounded by residences and there are no business parks within a 5 to 10 mile radius, you can still offer storage for schools, small business owners, and housing contractors within your vicinity.

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Commercial Properties for Lease: A Guide to Property Improvements

Commercial Properties for Lease: A Guide to Property Improvements | Brett Halvorson & Associates | Scoop.it

Tenants, on the other hand, have a duty to manage the rest of the remodels or repairs. You can also require tenants to inform you, within a certain timeframe, about any damages they spot in the building or whenever they wish to undertake any renovation works. The important thing is to make sure the rights and responsibilities of every party involved are outlined in the lease agreement.


Commercial properties for lease can be lucrative additions to your existing stable of assets. You may find out before long, however, that keeping such a property profitable may prove taxing in terms of both your time and resources. Fortunately, you can trust a property specialist such as Brett Halvorson & Associates to oversee day-to-day property management tasks and manage tenant relationships on your behalf.

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Commercial Property Management: Tenant Screening Tips to Remember

Commercial Property Management: Tenant Screening Tips to Remember | Brett Halvorson & Associates | Scoop.it

Part of the screening process is to inform tenants of the terms and conditions of the lease. You need to make sure they understand and agree with everything on the contract. In some cases, you may need to discuss any negotiable contract terms. If this part is carried out well, you can avoid misunderstandings or problems in the future.


If you don’t have the industry background or skills required to carry out tenant screening and overall commercial property management, you should turn to a property specialist in Perth like Brett Halvorson & Associates. Such a firm can take care of property management duties like marketing, tenant screening, and rent collection to ensure your peace of mind, especially when you can’t always be physically present to look after your asset(s).

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Commercial Property Investment in Perth: Sole Ownership or Company?

Commercial Property Investment in Perth: Sole Ownership or Company? | Brett Halvorson & Associates | Scoop.it

The decision as to whether to own your properties under a personal or company structure will rely on your property portfolio strategy. If you own perhaps one or two properties that you intend to sell off in the near future, it can be more advantageous to choose sole ownership and enjoy the significant capital gains tax discount when you sell. On the other hand, if you plan to own your properties in the long-term, the smarter choice will be to use a company.


Regardless of the investment structure you want to pursue, commercial real estate professionals in Perth like Brett Halvorson & Associates have the experience and know-how to help you find the ideal commercial property for lease or sale to suit your investment needs.

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Perth Commercial Property: 4 Key Tips for Enhancing Your Tenancy Rate

Perth Commercial Property: 4 Key Tips for Enhancing Your Tenancy Rate | Brett Halvorson & Associates | Scoop.it

In any Perth commercial property investment, your ultimate goal, naturally, is to earn stable income for the long term. When your asset is strategically located and has plenty of ideal features, like spacious areas and modern amenities, it’s not too difficult to find interested parties. However, the challenge lies in truly getting the commitment of those parties to become official tenants and keep them leasing your space for years to come.

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Perth Real Commercial Pros Can Help You Deal with Property Development

Perth Real Commercial Pros Can Help You Deal with Property Development | Brett Halvorson & Associates | Scoop.it

You need a sound strategy, such as what a Perth commercial property expert can provide, when you decide to enter the world of property development. Property development ventures can be complicated and even pose certain challenges that might catch even seasoned investors off guard.  Such challenges can have an impact not only on investors themselves but also the communities where they operate.
A lot of real estate investors are eager to get involved in property development, often at their own expense, without first understanding the intricacies involved. Property developers have to undertake a host of crucial tasks to increase their chances of success; otherwise, they could face certain loss.

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Commercial Property in Perth: Leasing Tips for Office Property Owners

Commercial Property in Perth: Leasing Tips for Office Property Owners | Brett Halvorson & Associates | Scoop.it

Of the many types of commercial property in Perth, offices are the most sought-after among investors. In a survey conducted last March, offices accounted for 61 per cent of property investments, which translates to $14.9 billion out of the total $24.4 billion. With various global corporations setting up shop in the city, and small to midsize businesses needing viable workspaces in CBDs, property investors can expect considerable returns.
If you plan on owning an office property, you need to prepare a strategic leasing plan that will help you maximise the returns from your asset. Here are some tips to help shape that plan.

 

 

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Commercial Property in Perth: Important Considerations Before Leasing

Commercial Property in Perth: Important Considerations Before Leasing | Brett Halvorson & Associates | Scoop.it
You may also be required to purchase some types of insurance. Ask your landlord about the kinds of coverage you need to secure (e.g. general commercial liability coverage, product liability policies, additional protection against calamities) and the minimum amount these policies should cover. A commercial real estate agent and advisor, such as someone from Brett Halvorson & Associates, can show you viable commercial properties for lease within Perth. Under the guidance of these commercial real estate specialists, you can survey your options and secure the lease that best suits your business needs.
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Perth Commercial Property: The Need for a Reliable Property Manager

Perth Commercial Property: The Need for a Reliable Property Manager | Brett Halvorson & Associates | Scoop.it
A Perth commercial property manager can keep your investment intact and handle your day-to-day tasks with utmost competence. Although it’s always possible to manage your properties on your own, hiring someone else to do it for you can yield numerous benefits, not to mention make your job as a property owner worlds easier. Aside from collecting rent and overseeing repairs, a property manager can market your property, recommend high-return improvements, as well as advise you on insurance decisions. Your property manager will also attend to any issues that may arise so you do not end up with disgruntled tenants and frequent vacancies.
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Commercial Property in Perth: Foreign Investment Antidote to Vacancies

Commercial Property in Perth: Foreign Investment Antidote to Vacancies | Brett Halvorson & Associates | Scoop.it
There is also a good chance that enquiries into Perth commercial property for lease will turn into sales this year, so writes Kim Macdonald of The West Australian. Clearly, property owners should take advantage of these opportunities to attract tenants, whether foreign or local. An effective way of attracting investors is to offer incentives in the form of rent-free or rent-reduction periods. Commercial property in Perth, on average, comes with one of the largest landlord incentives in the country, between 40 and 45 percent. However, a more ideal figure should be based on several economic indicators like fit-out costs, the local economy’s health, and market prices elsewhere. A commercial real estate expert can help you arrive at mutually agreeable leasing arrangements with your tenants.
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Perth Commercial Real Estate Managers Help Maximise Trading Hours

Perth Commercial Real Estate Managers Help Maximise Trading Hours | Brett Halvorson & Associates | Scoop.it
Among other things, investment property owners need to ensure uninterrupted water, electricity, and HVAC so that tenants have the ability to operate. Likewise, property owners must guarantee on-call coverage for emergency repairs as well as issues that may arise in the course of a commercial tenancy. Fortunately, landlords can leave all the nitty-gritty to Perth commercial real estate managers working with a firm like Brett Halvorson and Associates. These professionals can take charge of sundry matters, from rent collection to property upkeep and marketing. With a dedicated property manager on board, landlords can keep their investments profitable and ensure that their tenants have the flexibility and capacity to meet consumer demand regardless of operating schedule.
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From Home Office to Commercial Real Estate: Tips for the Big Move

From Home Office to Commercial Real Estate: Tips for the Big Move | Brett Halvorson & Associates | Scoop.it

You’ve finally made it, and now you’re ready to move up the ladder, venture out into the real world of business. Your home-based office in Perth served you well in the past, but now that you have realised the need to expand, your converted space may no longer prove practical. You will soon need to move out of your home and identify commercial real estate that will serve as your official base of operations in Perth. That might prove easier said than done, however, so to help you with the big move, here are a few tips to consider.

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Perth Commercial Real Estate: 3 Key Factors in Choosing a Location

Perth Commercial Real Estate: 3 Key Factors in Choosing a Location | Brett Halvorson & Associates | Scoop.it

Location, location, location: the classic phrase that significantly influences the success of every Perth business, no matter the form, the size, or the industry. Aside from location, these key decision points warrant your every consideration when choosing which commercial real estate to acquire.


Competition


The more competition there is in a particular location, the more price-sensitive customers tend to become. With so many alternatives offered to consumers, you’ll have to adjust your pricing closer to the local average to gain a good share of the market (without necessarily curtailing your profits). You must also consider how established your competitors are so you can modify your offerings or marketing strategy accordingly.

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Auctioning an Industrial Property for Sale: 3 Smart Tips for Sellers

Auctioning an Industrial Property for Sale: 3 Smart Tips for Sellers | Brett Halvorson & Associates | Scoop.it

Do you need to set your industrial property for sale now and liquidate ASAP? Is it taking you too long to find a buyer who will agree to a decent price? Every year, many property owners in Perth choose to sell their assets through public auctions. In addition, auctions can also help owners get better deals for their properties—sometimes even higher than the reserve prices—through competitive bidding.


In spite of the benefits it offers, however, auctioning can be overwhelming for sellers. If you are looking to put your property on auction, these tips will prove indispensable.


Tip no. 1: Be sensible.


In many instances, the only factor that keeps a property from selling is the cost. Even if the property market looks promising, be realistic about your reserve price and ensure it is in line with your property’s assessed value and the market’s current state.

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Perth Property Investment Tips: Things Your Business Plan Should Cover

Perth Property Investment Tips: Things Your Business Plan Should Cover | Brett Halvorson & Associates | Scoop.it

The importance of proper and continuous business planning in terms of growth and risk management cannot be emphasised enough. A thorough business plan gives the company direction right from the start, and it must be regularly reviewed and updated to make sure you’re still aligned with your goals and strategies. Effective planning may take a lot of research and resources, but it will be instrumental to the success of your business.


Along the way, you need to consider various aspects such as the company’s legal structure, organisation, and daily operations management. One of the most vital parts of your business plan is your choice of premises. You need to make a smart property investment decision, therefore, since it affects business liquidity in several ways.

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The Rights and Responsibilities of a Commercial Real Estate Landlord

The Rights and Responsibilities of a Commercial Real Estate Landlord | Brett Halvorson & Associates | Scoop.it

If you own a property in Perth and plan to rent it out to any local business, there are a number of factors you need to understand before you can do so. As a real commercial landlord, you need to identify and fulfil certain responsibilities if you want to ensure efficient and profitable operations.


You do not have to let all these commercial property responsibilities become a burden to you. Property management services provided by Perth commercial real estate professionals like Brett Halvorson & Associates can help make managing your investment a more pleasant experience. You can then give your investment strategies your undivided attention.

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Commercial Property Investment: What All Investors Should Keep in Mind

Commercial Property Investment: What All Investors Should Keep in Mind | Brett Halvorson & Associates | Scoop.it

Fortunately, there are ways to remain resilient and maximise the profit potential of any commercial property investment. Perth property investment firms like Brett Halvorson & Associates have plenty of experience helping clients navigate the ins and outs of the industry. Count on such a firm to provide superior services in terms of property marketing, selling, buying, and upkeep as well as tenant screening and relationship management.

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Commercial Real Estate in Perth: 3 Ideas for Retail Property Investors

Commercial Real Estate in Perth: 3 Ideas for Retail Property Investors | Brett Halvorson & Associates | Scoop.it

In contrast to a gross lease, a net lease gives you the assurance that your tenant shall pay other essential outgoings that have Goods and Services Tax (GST) on top of rent, which also has GST charged to it. Note that outgoings can include land tax and strata levies, insurance premiums, and utility bills. Maintenance expenses like facility repairs will also be the tenant’s responsibility in a net lease arrangement.
Regardless of the type of commercial property that piques your interest, be sure to seek the help of experts with a good track record of selling and leasing properties. Firms such as Brett Halvorson & Associates can provide professional advice on commercial real estate in Perth, aid your property search, and even manage your asset after purchase, so you can make the most out of your investment.

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Perth Commercial Real Estate: Tips for a Good Site Feasibility Study

Perth Commercial Real Estate: Tips for a Good Site Feasibility Study | Brett Halvorson & Associates | Scoop.it

Finding a property that fits your investment criteria, particularly in terms of scale and location, can be a godsend. Naturally, you’ll want to snap it up before anyone else does. Before you do, though, you have to ask yourself one important question: Is the property feasible? In other words, is it going to be worth your time, energy, and money to develop the site?

 

 

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Perth Property Investment: Entice Customers to Follow When You Move

Perth Property Investment: Entice Customers to Follow When You Move | Brett Halvorson & Associates | Scoop.it

After spending 50 years in Dianella, Channel Nine confirms it will be moving into its new home in the Perth CBD. The new facility, which is located at 253 St. Georges Terrace and covers approximately 2,500 sqm, features three buildings, a fully digitised studio and an outdoor video wall. The station plans to move there by August, 2016.
Channel Nine managing director David Mott explains the move as a way to seize Perth CBD’s “renewed vibrancy.” He adds, “Nine Perth will become an important part of the ongoing regeneration of the city.”

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Industrial Property Investment in Perth: Top Tips for First-Timers

Industrial Property Investment in Perth: Top Tips for First-Timers | Brett Halvorson & Associates | Scoop.it
The advantages of owning an industrial property include higher returns and longer lease terms, which entail income stability. Depending on the lease, the lessee may shoulder the cost of property upkeep, thereby allocating a greater portion of the rent to the landlord’s profit. At any rate, thoroughly study your investment property options and their profit potential. Amongst other things, find a property in a good location. Evaluate whether you need to renovate the building or modify its layout or other features to make it more adaptive as times and business needs change. Meanwhile, you can turn to an expert like Brett Halvorson & Associates for help in finding a suitable industrial property for sale in Perth if you are looking to acquire rather than lease commercial space.
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Perth Real Commercial: 3 Tips for a Successful Property Transaction

Perth Real Commercial: 3 Tips for a Successful Property Transaction | Brett Halvorson & Associates | Scoop.it
Favourable settlement terms can create a win-win situation for both buyer and seller. If multiple terms need to be negotiated, there’s plenty of room for both parties to walk away happy. To get the vendor to accept a lower price, you must be ready to offer something in return, such as a quick settlement. To facilitate the transaction, you will need to locate an experienced Perth real commercial agent whom you find comfortable to work with. Firms such as Brett Halvorson & Associates have plenty of experience in the area, and will be well equipped to help you score big on your next property transaction.
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Top Class Perth Investment Property Prepares Growth Coast for Entry

Top Class Perth Investment Property Prepares Growth Coast for Entry | Brett Halvorson & Associates | Scoop.it
Furthermore, given that coastal cities serve as the gateways to inner Perth, cities like Joondalup are set to receive a considerable volume of foreign investment. The city’s economic development, therefore, calls for efforts to facilitate business operations in response to greater economic activity. The newly launched economic programme also opens up a host of new opportunities for commercial property investment in Perth. A significant number of properties, after all, will eventually become home to dozens of global companies. In light of this prospect, property owners must make sure their facilities meet global standards and leave a good first impression on prospective investors.
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