A Modified Gross Lease is a type of commercial lease agreement where the tenant pays a base rent along with a specified combination of the operating expenses associated with the property. These expenses can include utilities, maintenance, insurance, and taxes. The unique aspect of this lease is the negotiation flexibility it offers, allowing tenants and landlords to tailor the agreement...
In the commercial real estate world, It is important to understand the classification of various properties. This is especially true for unique properties like churches, which serve specific purposes and hold special places in communities. A common question that arises is whether churches are considered commercial or residential properties. The Classification of Churches in Real Estate Churches are generally classified as commercial...
The process of acquiring commercial real estate through US Bankruptcy Court-ordered dispositions can be hard to wrap your brain around. Especially with the lack of resources out there giving clear answers on the subject. Yet there are great deals to be made by buyers that: can move quickly to seize opportunities, are willing to be patient while the process plays...
Hey everybody! I hope you are out there staying safe, staying healthy, staying clean. We've got our Lysol wipes and staying clean here at Elifin! Make sure you sanitize, because we've got the coronavirus going around and there's serious health concerns there. But, I'm coming to you with three economic survival tips for tenants. This mostly applies to retail tenants because,...
Selling commercial real estate may be a competitive and possibly stressful job, however you do not need to be aggressive or cutthroat in your business practices to do very well in the industry. If you are able to convert leads and continually bring in a new string of business, even in market turns, you will have a competitive edge over...
Commercial real estate is broken down into four major categories: Office Retail Multi-family Industrial But within these four major categories there is a lot of variety. For instance, a retail space could be a small strip mall, a single building, or a full-sized mall. A multi-family property can range from a building that contains four apartments or 100 apartments to a...
This is Mathew Laborde, CCIM, coming to you on Christmas Eve from Elifin Realty. So far in 2019, I've done a total of 84 transactions. In those 84 transactions, I've seen a lot of good and a lot of bad. Here's my list of the top 5 mistakes that I've seen commercial real estate property owners make in 2019, that...
When you’re ready to list your commercial real estate, whether it’s an investment property or a brick and mortar storefront you used for your business, one question looms large: How do I choose the right commercial real estate broker? There are a few things to take into consideration, including the size of the brokerage, their location, and whether or not you connect...
The return on commercial investment property in Baton Rouge can vary, and your goals determine whether or not the percentage return is good or not. Many people who own investment properties are using their returns as retirement income, supplemental or otherwise. For these people, a more secure deal is desirable over a high risk deal where they may lose some money....
While it is indeed a broad term, to put it simply, commercial real estate is every single property short of a single-family residential home. If it's not a single-family detached residential home, condo, or town-home — you can place a safe bet on the fact that it's commercial. In comparison to residential, commercial real-estate is also often considerably larger spaces than...
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