Recent Articles

Be Aggressive In Getting Commercial Tenants

Posted by Karen Meade | October 3, 2017

At all times, good or bad, we must aggressively search for replacement tenants. A month’s rent from a vacant unit can never be recovered. Just running expensive advertising for this space can be nonproductive. A better way might be to have a professional management company that keeps all local brokers who specialize in leasing informed of the advantages and amenities of the building. Here are some other ideas: • Don’t scare away potential tenants with marketing gimmicks like free rent. This kind of offer can give the tenant a negative impression and start him/her looking for the things that must be wrong with the building. The professional approach is to stress the positive features of a building and work with… Read more »

Who Will Buy When You Want To Sell?

Posted by Karen Meade | September 15, 2017

If you are new to investing in income property, you may have made a choice in advance of the type of investment property that you wish to own. There are many good types of investment properties: apartments, office buildings, shopping centers, high rise parking garages in downtown areas, warehouses, resort rentals and many others. Each of these takes a different type of management. Any and all should be under professional management during your ownership. Good management will ensure a profit for you when the investment is sold. Even before buying the commercial property, you should consider who might be willing to buy it when you want to sell. The specific buyer doesn’t need to be identified, but the type of… Read more »

New Storage Facility in North Platte

Posted by Karen Meade | July 26, 2017

CIS welcomes the newest member of our storage facility group. Bloedorn Avenue Storage is a fully secured outdoor storage facility. Surrounded by a security fence, PIN pad entry and security lighting. The space sizes run from 10 x 20 up to 10 x 40 to accommodate all of your storage needs.

Preventative Maintenance For Any Kind of Rental

Posted by Karen Meade | May 18, 2017

Preventative Maintenance For Any Kind of Rental Maintenance of any rental building, either residential or commercial, should be handled as much as possible as a routine rather than an emergency. Preventative maintenance must be performed on a regular basis to keep the level of service at the property high and to reduce equipment breakdowns and service interruptions. Toward this end, the maintenance staff and on-site manager should make regular inspections for the repair and replacement of items before problems occur. Preventative maintenance reduces the number of emergencies by anticipating wear and tear that the property, buildings and equipment will undergo. Preventative maintenance is one of the most important components of successful property management. An appropriate preventative maintenance program should be… Read more »

Management Of Your Investment Portfolio

Posted by Karen Meade | April 19, 2017

When you make your investment in real estate, it is implied that you want to make money. The cash can come from direct income from the property or from capital gains from a sale after an increase in value. Either way, the investment must be managed, considered, and watched at all times. If the owner and manager are taking care of business, there may be ways to increase the income, and the value. There is always the possibility to make a sale for the right price and terms. Keeping aware of the market might bring an opportunity to make a tax-deferred exchange into a property with more benefits for the owner. Real estate investors often own various kinds of properties…. Read more »

Good Management For Apartments–More Profits

Posted by Karen Meade | March 2, 2017

Investors purchase commercial income producing real estate to make money. There are two obvious ways of making money from a property. First, the owner takes a share of the annual operating profit generated by the investment, and Second, profits from increasing the market value of the investment beyond what it would be because of inflation alone. Apartment properties lend themselves to the second way of making profits better than many other types of investments. Increasing the market value of rental units does require know-how, absolute understanding of the market values of this type of property and excellent management. Management and Income Good management has always been the most important point in increasing or maintaining annual operating profits. Being a skillful… Read more »

Insurance Coverage By Owners and Tenants

Posted by Karen Meade | January 6, 2017

Insurance coverage must be addressed by both landlords and commercial tenants. For the run-of-the-mill daily problems, a landlord must have the maximum coverage for the building and the tenant’s leases. The tenant must cover the business with coverage that will protect it. What if you have a small disaster that is easily repaired, but you lose a tenant because he was not covered for the damage inside the business? Consequential Loss Coverage A fire or other peril may cause a financial loss other than that resulting from direct destruction of the property. Such losses are called “consequential losses” and include those resulting from the loss of use of the property destroyed, such as interruption of business, and property loss from… Read more »

Costly Mistakes In Real Estate

Posted by Karen Meade | January 3, 2017

Investors sometime make investments in real estate that turn out badly. They may then blame the loss on the “real estate cycle” when there were mistakes that could have been avoided by better planning and analysis. Based on data obtained through interviews with more than 200 real estate practitioners, several costly mistakes were identified and discussed. Here are three of them: Misjudging demand. Developers have faced costly setbacks by assuming that customers existed without undertaking adequate market analysis. For example, a retail development designed to attract shoppers from executive ranks in the adjoining commercial center failed to realize that high-income executives have demanding work schedules and tend to shop during their leisure hours near their suburban homes. Clerical workers, who… Read more »

Commercial Real Estate Representation

Posted by Karen Meade | November 21, 2016

Commercial Real Estate Representation There are a number of ways to buy, sell or exchange investment or commercial real estate. Having the knowledge of what you can do in some tax situations can be the difference between an annual profit or loss in a property that you intend to acquire or one that you already have in inventory. The professional commercial real estate broker is in the position to represent clients in real estate transac­tions by setting up sales, exchanges, leases, purchase and sales of options, and management of real estate. A professional real estate practitioner must stay aware of current tax laws and court decisions in order to structure transactions, but does not give legal or tax advice (unless… Read more »

Congratulations to Our Associate Broker!

Posted by Karen Meade | November 1, 2016

Congratulations to Our Associate Broker! Congratulations to Robert P. M. Stefka for receiving his CCIM designation. This designation is not easily earned, as only 6% of commercial real estate professionals hold the CCIM designation. The requirements include compiling a stellar portfolio of transactions, attending four week-long classes of education and successfully completing a lengthy exam in order to become a Certified Commercial Investment Member. Earning this designation makes Robbie 1 of only 3 CCIM members serving Western Nebraska.