HALSEY
Real Estate Jonesboro, AR Property Management & Home Realtors- HTH at http://halseythrasherharpole.com/
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  • Commercial Property? How to invest in Commercial Real Estate Property and its Pr...
    Commercial Property or Commercial Real Estate refers to buildings or land intended to generate a profit. Commercial real estate is considered a more stable investment than other types of real estate due to the lease lengths, which are often several years or more. Commercial real estate is different than working with residential real estate which is classified by its use into many categories. Residential real estate deals with single family homes, duplexes and small apartments. But commercial real estate will be dealing with office buildings, retail stores, warehouses, and more.
    Types of Commercial Real Estate
    OFFICES AND INDUSTRIES
    Classification - Office buildings are usually loosely grouped into 3 categories: Class A, Class B, or Class C.
    Class A buildings are considered the best of the best in terms of construction and location. Class B properties might have high quality construction, but with a less desirable location. Class C is basically everything other than the above two types.
    RETAIL CENTERS
    HOTELS AND RESORTS
    LAND DEVELOPMENT

    Investing in Commercial Property Real Estate:
    There are two main ways to invest in commercial real estate.
    The first is to invest for rental purposes. Commercial real estate leases are longer in length, meaning they are more stable investments for unstable markets. Your investment should be fairly safe if your lease term is not up yet when the market takes a dip. Investing for the rental income is often the more lucrative path in commercial real estate, especially if you have a Class A or Class B building.
    Another way to invest in commercial real estate is to invest in property appreciation. Because the businesses who rent out commercial buildings mainly rely on location to make a better profit, and because real estate in prime areas is limited—the value of commercial buildings appreciate rather rapidly. This is especially true if you get into a lucrative location before it gains popularity. Investors looking to use the appreciation as their investment should know that the market for this type of investment is a bit riskier than the rental market.

    The Pros and Cons of Commercial Property Investment:-
    PROS
    Flexible financing – When it comes to the commercial real estate, you get several flexible financing options. In fact, you can even buy huge commercial properties without actually using any of your own money.
    Leases tend be longer – three, five or ten year leases are quite common in commercial property. Ideally, this means the owner won’t have to deal with the costs associated with bringing in new tenants so frequently.
    Peace of mind – With an on-site maintenance, it gets peaceful for the owner as well. If it is an office building, you only have one tenant to deal with during business hours, and there may be limited maintenance calls during off hours. Commercial properties often come with a lease agreement where the tenant is mostly responsible for the maintenance of all the assets, or any ongoing property expenses, including taxes, along with paying the rent and utilities.

    CONS:
    Time commitment. If you are the owner of a commercial retail building that has multiple tenants and subtenants and you have got a lot more to care for than you would have had for a residential investment. You cannot be an absentee property-owner and get the most out of the return on your investment when you have multiple occupants.
    Maintenance Cost. With commercial, you’re likely to deal with yearly CAM adjustments, (Common Area Maintenance costs, which tenants are in charge of) public safety concerns and more maintenance problems.
  • Follow Some Steps for Improvements in Commercial Real Estate Business.
    What Is Commercial Real Estate
    Commercial real estate is a property used exclusively for business purposes or to provide a workspace rather than a living space. More often, commercial real estate is leased to tenants to conduct businesses. Commercial real estate includes retailers of all kinds, office space, hotels, strip malls, restaurants, and convenience stores.

    Commercial real estate is categorized into four classes, depending on function: office, industrial, multifamily, and retail. Office space, for example, is characterized as class A, class B or class C based on certain parameters like below.
    Class A represents the best buildings in terms of aesthetics, age, quality of infrastructure, and location.
    Class B buildings are usually older and not as competitive—price-wise—as Class A buildings. Investors often target these buildings for restoration.
    Class C buildings are the oldest, usually over 20 years of age, located in less attractive areas, and need continuous maintenance.
    Commercial real estate property owners are finding ways in which they can raise their property value and profitability. You don’t need to have a Class A property in order to increase a property’s potential profitability. One of the simplest ways to add value to a property is to make small improvements that make the building more appealing to tenants.

    Some Steps To Improve Commercial Real Estate Property Performance

    1. Improve the lighting.
    Installing better lighting in more areas is one of the most cost-effective yet dramatic ways to improve the appearance of a space. In addition to adding light fixtures, consider adding energy-efficient light bulbs as well. LED’s, for example, use 25 to 30 percent less energy than incandescent light, and lasts 25 times longer. That’s a significant saving that increases your cash flow and your property’s overall value in the long-term.
    2. Replace doors.
    Replacing doors from standard hollow core doors to sturdier, more visually appealing doors can also add a unique appearance to space. This tactic is especially effective in multi-family apartment buildings but can be utilized effectively in upscale office buildings as well.
    3. New floors.
    Carpets, while relatively inexpensive in the short term, can add up when you consider the cost of replacing a carpet every two or three years. Residential wooden floors have the greatest appeal and match with both contemporary or traditional interiors.
    4. Update appliances.
    White and black appliances are out-of-date; stainless steel is the most popular finish splurge on stainless steel refrigerators, microwaves, dishwashers, and ovens. Stainless steel has a long lifespan and won’t discolor as rapidly as colored alternatives.
    5. Beautify molding.
    Contemporary spaces benefit from thin molding to create seamless home designs Sand and stain wood molding to add rustic appeal to interiors. Faux, lightweight pieces can inexpensively and easily installed along ceilings, floors and window frames to add value.
    6. Improve the exterior.
    Clean the landscape and prepare the exterior of your building. Apply a fresh coat of paint or a deep clean and rebuilt walkway. Upgrade lighting, cut the lawn, hide garbage dumpsters or pick up stations from the street.
    7. Upgrade your building’s signage.
    This is typically the first thing that people will see as they approach or enter your building. A sign that is difficult to read, hidden by bushes and other landscaping elements or that needs a repair can decrease the value of your property.
    8. Rename or name property.
    This may also increase charm, character, and desirability.
    9. Ramp up security.
    Measures like alarms, gates, and shutters can add a sense of safety.
    10. Resurface your parking lot.
    If you have a gravel parking lot, consider paving it and installing new lighting to not only improve its functionality but its appeal as well. Eliminate any weeds, rough patches and have the lines repainted. If you don’t have a parking lot, consider renting a space from a neighboring building or property to offer to potential renters or buyers as a valuable selling point.
  • Apartments for Sale and House Rentals at Jonesboro AR
    Halsey is the real estate & property management realtors in Jonesboro, AR for Residential & Commercial rentals. Find apartments, house & rental homes for sale in Jonesboro, AR.
  • Rentals and Real Estate at Jonesboro AR
    Halsey is the real estate & property management realtors in Jonesboro, AR for Residential & Commercial rentals. Find apartments, house & rental homes for sale in Jonesboro, AR.
  • House for Sale and Rental Homes at Jonesboro AR
    Find best affordable residential house, apartments for sale and rentals in Jonesboro AR. Check for the price and location details of residential house for sale, apartments and rentals in Jonesboro, AR.
  • Commercial Property? How to invest in Commercial Real Estate Property and its Pr...
    Commercial Property or Commercial Real Estate refers to buildings or land intended to generate a profit. Commercial real estate is considered a more stable investment than other types of real estate due to the lease lengths, which are often several years or more. Commercial real estate is different than working with residential real estate which is classified by its use into many categories. Residential real estate deals with single family homes, duplexes and small apartments. But commercial real estate will be dealing with office buildings, retail stores, warehouses, and more.
    Types of Commercial Real Estate
    OFFICES AND INDUSTRIES
    Classification - Office buildings are usually loosely grouped into 3 categories: Class A, Class B, or Class C.
    Class A buildings are considered the best of the best in terms of construction and location. Class B properties might have high quality construction, but with a less desirable location. Class C is basically everything other than the above two types.
    RETAIL CENTERS
    HOTELS AND RESORTS
    LAND DEVELOPMENT

    Investing in Commercial Property Real Estate:
    There are two main ways to invest in commercial real estate.
    The first is to invest for rental purposes. Commercial real estate leases are longer in length, meaning they are more stable investments for unstable markets. Your investment should be fairly safe if your lease term is not up yet when the market takes a dip. Investing for the rental income is often the more lucrative path in commercial real estate, especially if you have a Class A or Class B building.
    Another way to invest in commercial real estate is to invest in property appreciation. Because the businesses who rent out commercial buildings mainly rely on location to make a better profit, and because real estate in prime areas is limited—the value of commercial buildings appreciate rather rapidly. This is especially true if you get into a lucrative location before it gains popularity. Investors looking to use the appreciation as their investment should know that the market for this type of investment is a bit riskier than the rental market.

    The Pros and Cons of Commercial Property Investment:-
    PROS
    Flexible financing – When it comes to the commercial real estate, you get several flexible financing options. In fact, you can even buy huge commercial properties without actually using any of your own money.
    Leases tend be longer – three, five or ten year leases are quite common in commercial property. Ideally, this means the owner won’t have to deal with the costs associated with bringing in new tenants so frequently.
    Peace of mind – With an on-site maintenance, it gets peaceful for the owner as well. If it is an office building, you only have one tenant to deal with during business hours, and there may be limited maintenance calls during off hours. Commercial properties often come with a lease agreement where the tenant is mostly responsible for the maintenance of all the assets, or any ongoing property expenses, including taxes, along with paying the rent and utilities.

    CONS:
    Time commitment. If you are the owner of a commercial retail building that has multiple tenants and subtenants and you have got a lot more to care for than you would have had for a residential investment. You cannot be an absentee property-owner and get the most out of the return on your investment when you have multiple occupants.
    Maintenance Cost. With commercial, you’re likely to deal with yearly CAM adjustments, (Common Area Maintenance costs, which tenants are in charge of) public safety concerns and more maintenance problems.
  • Best Time for Real Estate Investment in 2019
    Most real estate investors try to stay away from cities with rising housing costs and high cost of living as they are much less likely to bring a high ROI than investments in more affordable cities. This means there is a high demand for single family rentals and apartments that offer affordable rental rates. It also means you shouldn’t invest in markets that are already over-priced – there will not be enough renters looking for expensive properties as time goes by.

    Many people have made incredible incomes by investing in real estate. If you want
    to expand your investment horizons, the following tips may help you to invest in real estate in a more profitable way.

    4 Methods to Invest in Real Estate:-

    Real Estate Investment Trusts (REIT)
    Real Estate Investment Trusts (REIT) are great ways for you to invest in real estate without being actively involved. An REIT is a fund that is setup to invest in mortgage instruments, bonds, and stocks in the real estate niche. The best REITs can also act as a source of balance in your portfolio, since they generally deliver better returns than other stocks during a bear market. Furthermore, they're often one of the few asset classes investors tend to increase their investments during downturns.

    Invest In A Bigger Real Estate Deal
    Commercial or Residential is the favorite options for investing in real estate and to join with others to invest in a bigger deal weighing all your options may look good as an option. Low minimums is one of the great option for investing in a large real estate dealing. It means, depending on the platform you use, you can invest as minimum as $500 and be an owner in a property.

    Buy A Rental Property
    The great way to produce extra monthly cash flow by purchasing homes and renting them out. To do this, you have to purchase a house that has a combined monthly mortgage payment, home insurance payment, and property tax payment lower than the rent the property holds. There are several ways to do this – from buying in an area with high rents, to putting a lot of money down so that your mortgage payment is low.

    Rent A Portion Of Your Existing Home
    The advantages to renting a portion of your house is that you get to watch your tenant closely. It’s less likely that a tenant will try to stiff you for the rent payment when you’re in the same household. Renting a portion of your house also gives you the ability to get a feel for what it is like to be a landlord without making such a huge monetary investment.
  • How to reduce your housing cost in Retirement - Real Estate Halsey
    Popular options for home sale profits. Some people may be selling their current house in order to buy another. In that case, money from the sale may be needed as a down payment for the new home. However, not everyone is ready to make a purchase.
    While home ownership is a worthy goal, some people would rather give up the keys and rent instead. “They want to lock the door and go on vacation,” - that the maintenance of a house can be a hassle.

    For those not buying a new house, paying down high-interest debt is a logical way to use cash from a house sale. Buffing up retirement savings is also a good idea.

    Other sellers are looking to do something a little more fun with their home sale proceeds. “We see a lot of people buying a vacation home or a second home”, that seems to be a popular option. Buying a second home, going on vacation or splurging on luxury is perfectly fine so long as it fits with a family’s priorities and finances.

    Halsey is the real estate & property management realtors in Jonesboro, AR for Residential & Commercial rentals. Find apartments, house & rental homes for sale in Jonesboro, AR.
  • How New Tech Trends Will Reflect on Real Estate In 2019
    Real estate was once the province of agents and brokers, people connecting with people to buy and sell properties. Today, it’s still about connection, but those connections are made deeper, more meaningful, with the power of technology.

    Though real estate has traditionally been one of the sectors with slower tech adoption, recent years have seen a major uptick in the creation of an investment in technology to help make real estate professionals’ lives easier. Technology in the real estate industry is solving those problems, while improving the customer experience. The real driver of change in the real estate world today is the mainstream usage of data immersion through Artificial Intelligence (AI) and machine learning platforms.

    Here some of new tech trends in real estate are:-

    Blockchain and real estate
    Blockchain is the technology behind cryptocurrencies such as Bitcoin, Litecoin and Ethereum. Essentially, it’s a public, digital ledger or database that records all transactions, without the need for a central verifying authority such as a bank. No middleman means reduced legal and title-related costs and a faster settlement process.
    Augmented reality and virtual reality
    With VR, potential buyers and renters can virtually tour the property from anywhere in the world, at any time. This means that the property is open for inspection 24/7, allowing agents and clients to save time and money while increasing efficiency and engagement.
    Meanwhile augmented reality (AR) apps superimpose a computer-generated image of an object into real life, allowing people to do things like capture Pokemon or virtually decorate a space using their phones or tablets. For brokers and developers, they’ll be able to showcase the potential of an unfinished space using AR to present a desired lifestyle and decrease time on market.


    Push technology
    Another real estate tech trend to watch this year is push technology. While this technology has been around for a few years, it has become increasingly popular as more and more agencies develop their own smartphone apps.
    Agencies can use push technology to send content alerts to a smartphone’s locked screen and other notification areas in order to get users back on the app again and generate leads (phone calls). According to Kahuna Mobile Marketing, push notifications double retention rate and help prevent app uninstalls.
    Real estate robots
    The modern consumer expects immediacy. They want answers to their questions and they want them now. That’s where real estate robots like chatbots, voice bots and virtual assistants come in. Not only can they help answer consumer queries with little to no delay to keep consumer expectations at bay, but they can also free up your time to focus on what really matters. They can be found on popular social media platforms like Facebook and on many websites.
  • 3 Real Estate Tech Trends in 2018 - Halsey Thrasher Harpole Real Estate Group
    The real estate industry has changed a lot over the last decade, and new technologies are having a surprising amount of impact on the way that real estate agents do their jobs. At the same time, comparison sites and other newcomers to the industry are giving consumers more choice when it comes to buying and selling property.
    A few of the trends that are set to disrupt the real estate industry in 2018 and beyond.

    1. Blockchain
    Blockchain is the underlying technology behind cryptocurrencies like Bitcoin, but it's not just the new payment methods that are set to change the way we do real estate.
    For real estate agents, if such a system were to become mainstream it could dramatically reduce the potential for fraud and enable us to access much more data on individual properties and homeowners. This would be good news for both real estate agents and their customers, but it would also require them to change the status quotient to integrate blockchain information within their current workflows.
    2. Augmented and virtual reality
    AR and VR technologies are big news at the moment as they're rapidly becoming more and more viable as consumer technologies. Meanwhile, augmented reality could come in useful when people are trying to visualize what an empty house will look like once they've moved their furniture inside. If a potential buyer has already taken the step of planning out exactly what the house is going to look like, the chances are that they're keen enough to make an offer.
    3. Peer to peer communication
    This trend has been going on for several years now and it's unlikely to stop anytime soon. Thanks to the rise of the internet, discussion forums and social networking sites, it's never been easier for people to bypass realtors altogether and to make peer-to-peer deals with no middleman. This is a big threat to the real estate industry, and many companies are reacting instinctively by trying to limit the amount of data they share about their listings and looking for ways to disrupt the peer-to-peer process.

    For more information please visit our page:-
    HALSEY THRASHER HARPOLE REAL ESTATE GROUP
    https://halseythrasherharpole.com/