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Posts Tagged ‘industrial real estate

29
Mar

This video is a very informative 1-hour class with renown real estate experts Matthew Pillmore and Charles Roberts as they break down how investors of all experience levels can grow wealth by investing while beating the banks at their own game. This is a terrific video appropriate for virtually any real estate investor. Check it out.
— Joe

 

 

Contact Information

Joe Pleva, Director
Keller Williams®
202 Manufacturers Road
Chattanooga, TN 37405

Mobile: 423-667-6204
Office: 423-664-1550
Fax: 423-826-4951
Email: Joe@yourrealtysolutionsteam.com

11
Jan

Hello and welcome to the start of a new year! It looks like 2016 will be a very dynamic year for all of us, including the commercial real estate market as well as the nation as a whole. Therefore, in order to help you get started in 2016 with the best information possible, I’ve found a very timely and informative video that I recommend watching. The title of the video is “2016 Emerging Trends in Real Estate.”

Emerging Trends in Real Estate® is a trends and forecast publication now in its 37th edition. It is one of the most highly regarded and widely read forecast reports in the real estate industry. Emerging Trends in Real Estate® 2016, undertaken jointly by PWC and the Urban Land Institute, provides an outlook on real estate investment and development trends, real estate finance and capital markets, property sectors, metropolitan areas, and other real estate issues throughout the United States and Canada.

The video was produced by The Commercial Real Estate Shop with Michael Bull, CCIM, serving as the host for the program. And, the featured guests are Mitch Rochelle, a Partner at PWC, and Andy Warren, Director of Research at PWC.

Bottom line, this video provides outstanding content and I recommend it for all active as well as all pending commercial real estate investors.

— Joe

 

 

Contact Information

Joe Pleva, Director
Keller Williams®
202 Manufacturers Road
Chattanooga, TN 37405

Mobile: 423-667-6204
Office: 423-664-1550
Fax: 423-826-4951
Email: Joe@yourrealtysolutionsteam.com

08
Jun

The National Association of Realtors recently published their Commercial Real Estate Outlook for 2015.Q2. It’s an excellent report and is certainly worth reading! Here’s why.

The Economic Overview section contains information on the national economy, including GDP, business investments, manufacturing activity, government spending, consumer spending, employment and consumer confidence. Summary data is included.

Next, there is a discussion of the commercial real estate market, including commercial real estate fundamentals, office absorption, industrial markets, retail markets, multifamily demand, investment sales and available commercial inventory. Also, there is a chart comparing key metrics for the office, industrial, retail and multifamily markets.

And last but not least, there is a Commercial Forecast of Metro Vacancy Rates for approx. 80 U.S. cities, including Chattanooga, Nashville, Knoxville, Memphis, Atlanta, Birminham and various other southeastern cities.

If you are a current or prospective commercial real estate investor I urge you to read this report in its entirety.

Simply click here to read the full report.

— Joe

 

Contact Information

Joe Pleva, Director
Keller Williams®
202 Manufacturers Road
Chattanooga, TN 37405

Mobile: 423-667-6204
Office: 423-664-1550
Fax: 423-826-4951
Email: Joe@yourrealtysolutionsteam.com

20
Mar

Want to learn more about 1031 Exchanges? If you are a property investor and intend to keep your accumulated wealth, you must know the 1031 Exchange. In this 46-minute podcast Peter Harris, a leading expert in the field of commercial real estate investing, dives into the mechanics, conditions, timelines, whys and why nots of 1031 exchanges. IN A HURRY? SKIP THE FIRST 7.5 MINUTES!
— Joe

 

Contact Information

Joe Pleva, Director
Keller Williams®
202 Manufacturers Road
Chattanooga, TN 37405

Mobile: 423-667-6204
Office: 423-664-1550
Fax: 423-826-4951
Email: Joe@yourrealtysolutionsteam.com

02
Feb

Commercial real estate portfolios are sources of passive income, but these properties require active administration by professionals, which would include those with expertise in Chattanooga property management. Financially, well-managed properties perform better. Logistically, these commercial properties maintain, if not enhance, their value through the years, ensuring better yield as income-generating assets while growing equity at the same time.

Commercial Property Management and Asset Management

Real estate and investment strategies are evolving. I am not surprised to see that the lines between property management and asset management have blurred perceptibly. The reality is effective commercial property management is an asset management strategy with a significant impact on the bottom line.

Role of Commercial Property Management Services

The core responsibility of commercial property managers revolves around day-to-day operations of one property or a portfolio of properties in a market or an entire region. Chattanooga Tennessee property management tasks include:

Leasing: Property managers meet with prospective tenants to present the site while evaluating the suitability of their business and their credit grade. In smaller markets such as Chattanooga, leasing tasks may include marketing, negotiating and evaluating current leases.

Tenant Relations: Property managers provide front-line services, including addressing maintenance problems and ensuring compliance with lease agreements.

Maintenance: Deferred maintenance costs more money when the problem becomes difficult to manage, so a proactive approach to Chattanooga Tennessee property management can save you real dollars.

Compliance: Inadvertent or not, code violations can lead to hefty fines and loss of prestige for property owners. These problems are preventable with the right Chattanooga property management company looking after your investment.

Records Maintenance: Accurate, accessible and timely records are necessary to assess the state of your investment property and the growth of your real estate portfolio.

Benefits of Using Professional Chattanooga TN Property Management Services

One of the more common questions I am asked has to do with the do-it-yourself approach to property management. This is a fair question considering that Chattanooga property management by professionals is a cost center. However, it is difficult to foresee the commitment required and the time-intensive nature of property management without being immersed in the process.

Savings through Economies of Scale: Property management service companies can leverage their size and business connections to negotiate better prices for subcontracted services such as lawn and building maintenance. Reputable property managers can demand higher standards and quicker response from vendors, which could reduce expenses.

Improving Yield through Strategic Planning: Chattanooga property management professionals will work with principals to ensure that the commercial complex is appropriately positioned given current market trends. As the Chattanooga market changes, the property manager must help to ensure that your assets can be repositioned to remain competitive and productive.

Deploying Professional Expertise: Chattanooga property management companies must have field expertise and in-depth knowledge of the local and regional markets, and be able to deploy these competencies to provide growth and maintenance solutions to ensure profitability of your commercial real estate assets.

Managing Vendor Relations: Ensuring that a commercial property remains at optimum conditions requires concerted effort by vendors and property management services. Your Chattanooga property management firm should become the single point of contact for these service providers, managing schedules, goals and expenses. This means that principals are insulated from these basic headaches and free to focus on other business.

How to Find the Right Property Management Firm

Effective property management of commercial real estate is a collaboration between principals and property management professionals. It is important to find a suitable fit for your commercial asset as well as your business goals.

One approach is to start by looking at well-managed Chattanooga properties. More than likely, there will be a professional firm directing property management for this site.

An alternate approach is to ask for referrals from trusted colleagues, professional associations and even tenants.

Whatever you decide to do, please remember that effective Chattanooga property management could mean the difference between breaking even on your real estate investments or breaking out of the humdrum returns that your commercial properties may have yielded in the past.

 

Contact Information

Joe Pleva, Director
Keller Williams®
202 Manufacturers Road
Chattanooga, TN 37405

Mobile: 423-667-6204
Office: 423-664-1550
Fax: 423-826-4951

15
Jan

At the present time relatively few U.S real estate markets are hotter than the Chattanooga real estate market.

Over the course of the past few years the numbers of building permits, real estate closings, and new listings throughout this city have all increased from year to year.

Why is Chattanooga Real Estate So Desirable?

Improved economic conditions, in particular, the falling unemployment number, are partly responsible for the recent boom in Chattanooga real estate. Of course, these sales are also being driven by the many benefits that the Chattanooga lifestyle offers.

Indeed, Chattanooga is a lovely place in which to live and work. Home to more than 528,000 people, this city in southeastern Tennessee features fine restaurants, upscale shops, museums, and first-class performing arts venues. Many of its public and private schools are renowned for their excellence as well.

Natural Beauty and Ease of Living

People who live in Chattanooga can delight in nature’s wonders at any time; the city’s official nickname isn’t “Scenic City” for nothing. It’s nestled amid the Appalachian Mountains, the Tennessee River, and two stunning lakes: Chickamauga and Nickajack.

Positioned in and around Chattanooga are spectacular caves, hiking trails, parks, arboretums, waterfalls, and ideal spots for canoeing and kayaking. It’s a terrific city for couples as well, a place where you and your significant other could regularly enjoy romantic river cruises and strolls by the lake.

Chattanooga real estate is especially sought-after due to the quality of life that the city provides. For instance, getting around this metropolis is surprisingly convenient. Parking spaces tend to be plentiful, and the public transportation options ― including an innovative electric shuttle service ― are reliable.

You can also take advantage of an extensive bicycle-sharing program, one that incorporates about 300 bikes. In addition, it’s a great city for walking. Many of its wide, attractive streets appear to have been tailor-made for pedestrians, and the city’s extensive River Walk is popular with people of all ages.

Statistics Tell the Story

Given all of the benefits described above, it is understandable that the current Chattanooga real estate statistics are so impressive. For example, as of December 2014, the average listing price for a home was slightly more than $226,000, and the median home price stands at a healthy $143,000.

And, to put those figures into perspective, the median sales price for a Chattanooga home was 6.9 percent higher in December 2014 than it was in December 2013. What’s more, the average price of a Chattanooga residence in December 2014 amounted to $114 for every square foot, a number that was 7.5 percent higher than it had been 12 months earlier.

Commercial Property in the Scenic City

If launching a small business or finding a new job is of primary concern to you, know that Chattanooga is home to a wide variety of industries and commercial establishments, including three major hospital systems, numerous manufacturers, and several energy companies.

Furthermore, tourism is hugely important to the city’s economy. Chattanooga is among the most popular places for vacationers in the Southeastern United States, and it offers its visitors many exciting attractions and beautiful hotels.

Commercial real estate throughout this city is therefore thriving. In fact, starting in 2012, the commercial real estate sector has been experiencing record growth in various parts of Tennessee, and Chattanooga is one of them. Today, offices, industrial parks, retail spaces, warehouses, and other buildings for doing business and making products are in demand.

Why Not Give Chattanooga a Look?

In short, considering the high demand and the range of options that are obtainable, Chattanooga real estate represents a uniquely robust investment opportunity, one that could ultimately lead to prosperity and happiness!

Follow this link for more information about the Chattanooga real estate market at Wikipedia.com.

 

Contact Information

Joe Pleva, Director
Keller Williams®
202 Manufacturers Road
Chattanooga, TN 37405

Mobile: 423-667-6204
Office: 423-664-1550
Fax: 423-826-4951
Email: Joe@yourrealtysolutionsteam.com

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