Maybe you've never invested in real estate before -- or maybe you've had a few residential rentals for a while now. Either way, dipping your toes in the waters of a commercial property investment can seem terribly exciting for a change.
As a landlord, you know that evictions are sometimes necessary to reclaim your property from an uncooperative tenant. But what happens when your tenant claims that you violated the law by performing an illegal "constructive" eviction?
Retaliatory evictions occur when a landlord aims to evict a tenant because the landlord is angry over something the tenant was within his or her rights to do. Retaliatory evictions are illegal -- but that doesn't necessarily mean that your landlord won't try it anyhow if he or she is determined to oust you from your spot.
Investing in commercial real estate can help you diversify your holdings and build your fortune. However, you need to understand the basics in order to get started. Here are some of the most frequently asked questions about where to start.
If you own several commercial properties, the odds are high that you've hired a property management company to make sure that everything is cared for appropriately. A good property management company is a great investment because it can take a lot of stress off your shoulders.
What do you do when you have a tenant that just won't pay? What if the tenant is simply one of the "those" tenants -- causing trouble and creating problems from dawn to dusk with every other tenant you have? What if the tenant is simply refusing to obey the rules you have in place regarding pets, sanitary issues and more?
If you own a small business, you know that the rent you pay on a commercial property is significant -- which means that it's important to get what you're paying for each month.
When a commercial tenant leaves under less-than-favorable circumstances (either through eviction or outright desertion in the middle of the night), a lot of their personal property can be left behind.
Finding the right space for your commercial enterprise is important -- and you may be anxious to jump on the lease as soon as possible.
There are plenty of property managers for hire out there who can handle the day-to-day issues that come with owning rental property and dealing with tenants. However, finding a good one can take a little digging.