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Owning Commercial Property for Beginners
Here are a few basics on purchasing and owning commercial property:
Inspect the property as if you would be living there, but don't invest the same amount of emotion that you would be investing if it were your home.  Checking the cleanliness, fixtures, bathroom conditions, neighborhood, and overall maintenance of the property is extremely important. It's vital that you know how many computers the building's fuse boxes can handle, if female employees are going to be safe walking down the street, and if you're going to have to hire someone to do the dishes for you in the break rooms. That said, don't get so wound up in a certain property that you end up doing anything to have it. After all, it's a workplace, not a home. It's normal to want a place that won't depress the tenants daily; it's not normal to pay an extra $3000 just because the windows are arched.
Observe your commercial property neighbors. Are there other offices or workplaces around you? If so, how are they doing with their space? Do they fill their units faster than you do? If so, try to find out why and how they're doing it.
Make absolutely certain that ... more

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