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Real Estate Managementat the Corporate and Worldclass level.
Managing property at the million sq ft level and above puts you in a very lofty class - world class in fact. Having what it takes to operate at that level is beyond all but a small percentage of the real estate firms or corporate real estate offices. World Class Real Estate measures corridors in miles or kilometers. And that is at one location. When you can spend a full day walking the property and not get to all the places you need to see you are at the World Class level. We count elevators by the dozen. Power loads are enough to make the local electric company call when our demand drops. Security is a 24 hour 7 day requirement. Water usage is measured in thousand gallon per minute flow rates. Managers and owners working at this level require training, skill and a vast knowledge of many different technologies. Skills taught in few places and often learned the hard way. Here we have collected a directory and resource - a reference point - for those at that level. And of course, those who would like to be at that level. Do you run at these levels? If you do, or want to, let us know. Welcome to the Multi-Million SqFt Club! Donald Trosper Let Your Investment Pay You For Life
If you use the simple mortgage calculations for determining a property's value and deduct from that the amount of cash flow you want to achieve on that property, then you can determine your offering price . . . even if you haven't seen the property at all! The very nature of investing is to purchase assets that P A Y for themselves so you don't have to. For this reason, we have chosen to focus (almost exclusively) on finding, financing and/or reselling income generating properties. You should look into this too. Why? The reason is that something that makes money is a MUCH easier sell. To who, you ask? The banker loves to finance properties THAT MAKE MONEY because that takes a lot of the risk out of the deal for him and he knows that his investment is secure. The buyer loves it because it's fun to buy a property and get PAID after the debt is serviced with profit left over. This is a great feeling! The other caveat to financing income properties come when you focus on properties that have solid financials, professional management and tenants which all contribute to less risk and more opportunity for profit. Consider this: Would it be easier to finance a 250 unit apartment with 90% occupancy filled with tenants who ALL have either one-year or short-term month to month leases? OR Would it be easier to finance a single tenant property occupied with an investment grade tenant who has great credit, a long lease of 20 years with four 5 year renewables, rent inceases of 1.5% annually, cap rates of 7-9% (or even higher in some cases)? There isn't even a comparison when you give it thought. If you want to practice with your financial calculations, send an email to calculator@directfunders.com, get your TI BA-II Plus Professional or HP 12C Calculators and practice. You can also go to http://www.directfunders.com/forum to download the software version of the financial calculator directly. You must register to receive the software. Let the calculator be your BEST friend! The more you are familiar and comfortable with running the numbers, the less dependent you will be asking others to do it for you. Thereby, when you see a good deal like the second option mentioned about, you will fully understand what you need to offer to receive the profit you intend to have each month or year. By the way, if you are interested in pursuing a business based on referrals in the Commercial Financing Arena, please visit our business website at: http://www.directfunders.biz http://www.ideamarketers.com/./library/article.cfm?articleid=70920
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