When I speak with new clients starting their investment journey in commercial property, the first thing I need to understand is how financially ready they are to invest. Understanding their available equity and how best to leverage it with the banks is critical. One practice that I see all too often is the diversification of […]
6 critical tips that are part of my routine when I analyse a property. As you can see, they have a big impact on the value of a retail property.
One of the most frequently asked questions I get from prospective shop owners is around the owner’s responsibility regarding building and public liability insurance.
There are several questions I am often asked as a long-term owner of retail shops.
When I first spoke with Phillip to understand his commercial property investment secrets, I quickly realised this was an investment strategy and asset class suited to my personal financial strategy.
In the article “Tenants that Don’t Pay”, Phillip outlined steps and approaches to manage tenants that pay late. The steps to encourage tenants to remedy their rental arrears includes a legal letter of demand and contains a warning that they have 14 days to remedy their arrears or you will lock the doors. In the very rare cases when a tenant defaults on their lease it is important to know what the landlord can do to minimise your exposure.
There are so many things to consider when purchasing a commercial property. In my blogs I highlight dozens of important questions to resolve, I talk a lot about tenants, lawyers, bankers and agents, but one silent assassin for shooting down a property is whether it is subject to flooding. As you know one of my […]
I have experienced an alarming trend recently in the way agents are under reporting the outgoings for a commercial shop for sale.
One of the most important activities you will undertake while owning and operating a commercial retail property is renewing the lease upon expiry. The key is to be prepared and to be ready to act early, preventing an extended vacancy if the tenant chooses to leave the shop.
In Engines of Wealth we dedicate an entire chapter to defining the characteristics of a great retail shop, so you can recognise them when you see it.
A step-by-step guide to building a commercial property portfolio that leverages your savings to create a long-term engine of wealth.
