Everyone knows real estate is a good market to be in. However, there are so many variables to consider before making any serious investments. For example,B residential property management is a much more complicated experience thanB commercial property management. With its compact nature and uniformity, managing dozens, or even hundreds, more rental units can be efficiently handled by a small staff which provide a multitude of additional benefits.
A large portion of employee’s salaries can be offset by offering free or discounted unites in the apartment building. Besides helping lower costs, this also ensures that your staff is on-site virtually 24 hours a day, improving awareness and accountability in many situations. While some employees may still opt to live elsewhere, the advantage to having one or two maintenance men willing to wake at any hour of the night for overtime pay can be critical in both providing a high standard of care for your tenants as well as maintaining the integrity of your brand. Giving the employees some design control can also bring culture to your property’s environment.
If you are checking your options in the South Florida commercial real estate market, contact the Morris Southeast Group before making your next move.
Commercial real estate investments can be very smart choices … if you avoid some of the most critical errors. Making even one can prevent you from maximizing the return on your investment, but fortunately, all are avoidable if you know what to watch out for before you invest:
For more insights about real estate investing and south Florida commercial real estate investments in particular, reach out to the experts at Morris Southeast Group now.
Depreciation is a familiar term to many tax filers, but for commercial property owners it can mean big savings. You can deduct the depreciation value in taxes each year that you own the property after 39 years. However, with that depreciation comes depreciation recapture, which occurs when you sell the property.
Taking advantage of depreciationB takes balance, butB financial planningB can help. AnB investor looking for commercial properties should have no problem putting depreciation to work. Contact Morris Southeast to get more information about what investments in South FloridaB commercial real estate can do for you.
There are is plenty of opportunities to make a significant amount of money in commercial real estate. In fact, commercial real estate has been such a consistent moneymaker over the years that nearly every savvy investor has a portion of their portfolio invested there. Here are three reasons why:
For more information on this and other South Florida commercial real estate topics, please visit us at the Morris Southeast Group. You will find us online at morrissoutheastgroup.dsherpa.com or you can reach us directly at 866-930-1426.
Most employers donb t think too much about their office space, other than making it functional and relatively comfortable for employees. However, keeping the mental health of your employees in mind when youb re designing a space is essential. Youb ll have more productive and happy employees by following these basic tips:
Contact Morris Southeast for more information and tips when youb re ready to move into new offices. Morris Southest can help you find the perfect space.
Many South Florida business owners believe that a great company starts with recruitment. However recruiting the best employees is only the tip of the iceberg. Creating a great company culture that inspires employees to be creative is where real company success stems from. Talking about creating a good company culture and doing the work to attain it may be two different things. Here are some ideas to get your juices flowing.
You don’t have to be a business owner to think like one. Entrepreneurial thinking can happen within companiesB large and small. Give your employees reign over their own projects from start to finish. Doing so gives them ownership of their own success.
Leading your team by example can set the tone for the company’s culture. If you are a positive, up-beat person who focuses on results, your employees will fall into line.
When bringing other people on to your team don’t be afraid to listen to your gut. If the person does not seem like a good fit for your company when you meet them, listen to that instinct. Doing so can save youB lots of wasted time.
For information on South Florida commercial real estate, contact usB right away.