It was a series of life events that brought me to the real estate industry. Growing up, I thought I’d be a teacher, then a psychiatrist, then a counselor. Instead, my BS degree is in accounting – about as far as you can get from the people-focused career visions of my younger self. I held positions with titles like Accounting Manager and Controller and picked up a variety of new skills along the way, including managing a team of people, writing policies and guidelines, making effective presentations, planning and budgeting, managing communication and more. This newly expanded combination of skills led to the position of Chief Executive Officer of the Realtor® Association of the Sioux Empire, Inc. (RASE) for nearly 10 years.
In 2005, I finally caved in to my husband Jim’s request that I join his commercial real estate team. I haven’t looked back since. Commercial real estate offers me the people-centric career I crave while still utilizing the skills I’ve spent a lifetime acquiring. Nothing happens in real estate without people – a property owner, investment buyer, prospective tenant, cooperating broker, a vendor – each encounter provides me an opportunity to be helpful in some way, whether that be to complete a financial analysis of a property, conduct a market search, research opportunities, tour properties, review financial reports, analyze property tax assessments, or just brainstorm ideas. If the agent with the most listings wins, I’ll lose every time! My focus is on providing a deep level of service to the clients I’m working with and creating lasting professional relationships, not on constantly building my deal pipeline. I like going home at night knowing that people are counting on me, and that I am going to help them achieve a milestone in their lives. Ready for your next milestone? Let’s talk – I’d love to hear about your commercial real estate goals! If my team isn’t the right fit for your needs, I’ll let you know – and I’ll provide next steps or recommendations for you whenever I can, so you’ll have a take-away from our time together.
To your continued success!
Understanding Commercial Real Estate Valuation
Commercial real estate valuation is an essential component of any commercial real estate transaction. Understanding how to properly value a property is critical for both buyers and sellers. As a commercial real estate broker, it’s my job to help my clients navigate the valuation process and ensure they receive the best possible deal. In this blog post, I’ll provide an overview of commercial real estate valuation and how it works.
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Here are Five Factors to Consider Before Investing in Commercial Real Estate
- Location, location, location. The location of a commercial property is arguably the most important factor to consider. Is it located in a growing area or is the area in decline? What is the demographic makeup of the area? Is it easily accessible by major roads and highways? These are just a few questions to ask when evaluating the location of a commercial property investing in a prime location can greatly increase the value of the property, while a poor location can be a detriment to long term profitability.
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Discover the Advantages of Diversifying Your Investments with Commercial Properties
As a savvy investor, you’re always on the lookout for opportunities to grow and diversify your portfolio. One of the most enticing investment options is commercial real estate, and for good reason. In this blog post, we’ll explore the numerous benefits of investing in commercial properties and how they can elevate your investment game to new heights.
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A Beginner’s Guide to Navigating the World of Commercial Property Investment
Welcome, aspiring real estate moguls! Today, we’ll be diving into the thrilling world of commercial real estate investment. By the time you finish reading this blog post, you’ll be well on your way to understanding the ABCs of this lucrative market. So, buckle up and let’s embark on this exciting journey together!
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Several months ago, I completed an evaluation of an apartment building, something I do frequently. In this case, the owner (I’ll call him “Bob”) wanted to sell the property and retire. Bob had self-managed the asset for nearly 18 years and, while the property had performed good enough financially, he was tired of dealing with the “tenants and toilets”.
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Real estate investing is one of the most lucrative investment vehicles out there. However, as with any investment, it’s critical to do a deep dive of the asset to ensure the risk – reward benefit meets your individual investment criteria.
While there are dozens of due diligence items that should be completed prior to a property closing, you can go a long way by starting with 6 basic questions.
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One of the most frequent questions I am asked is, “What area of real estate should I invest in that will have the lowest acquisition cost and pay the highest returns?”
That’s a question I’d love to be able to answer! If I had that crystal ball, I’d spend a lot MORE time making memories with friends and family, volunteering and traveling and a lot LESS time in the office! That’s the real estate investor’s ultimate goal – steady passive income that supports their lifestyle while still growing their net worth.
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My sister gave me a pink Hyacinth plant for my birthday in March. It was extremely low maintenance – I just needed to keep the container 75% full of water. I added a glass globe to protect it from our cat’s nibbling and set it in a sunny spot.
After only one week, the plant had doubled in size and was already blooming! I was so excited! I added another globe to protect the graceful leaves and gorgeous blooms.
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We sure do love our acronyms in the commercial real estate world! That’s because acronyms, and the calculations they represent, are essential tools to use when evaluating investment opportunities.
While a dedicated Broker will calculate these for you, it’s important that you have an understanding of the financial performance measurements and how they are used.
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Doing a good job of due diligence when purchasing investment real estate means evaluating a number of things, including property condition, geographic considerations, market factors, financial records and ratios such as CAP rate, ROI, GRM, rental history, market rental rates, retail / office tenant mix, etc. It’s easy to see why some potential investors get “analysis paralysis” – a lot of work goes into the evaluation process!
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