As the COVID-19 pandemic continues, landlords are receiving requests from distressed tenants for rent relief and, in some cases, lease termination. With government restrictions on industries such as restaurants, retail and salons, tenants that have temporarily shut down operations could be seeking rent relief from their landlords. While a lease workout may be beneficial for both landlords and tenants,...
Commercial Real Estate Investing featuring Jon Whitcomb on Cover Your Assets ESPN (1500 a.m. radio) Saturday Mornings from 8-9 a.m.CST Jon Whitcomb, President and Owner of Metro East Commercial Real Estate, joins Todd Rooker to discuss best strategies and practices for commercial real estate. Listen to the podcast - 2/29/20 Cover Your Assets: Commercial Real Estate...
With the start of the new year you may be asking yourself which way is the right way in real estate investments in 2020. What is the future in these investments? An answer to these questions can be an interview with an interested professional real estate broker who can act as a real estate investment counselor. Each prospective investor can be interviewed in depth to find out specific needs in an income...
When partnerships, investment companies and their participants look at investments in commercial real estate, many tend to look at properties that have charm and glamour in marketing materials. An attractive office building, shopping center or condo project tends to have a more acceptable “status” as an investment property. One would be proud to drive by these properties and point them out as “their...
A significant indicator of a property manager’s success is their effectiveness in controlling overdue rents. A well-run property should not have routinely delinquent tenants. However, when delinquency does occur, immediate action must be taken. A list of all delinquent rents should be prepared showing all tenants who have not paid or have partially paid rents and other monies due. In addition, a...
Location: Ridgewood Acres, May Township Size: 18 Finished acreage lots on 62 Acres Year Purchased: 1990 From Dr. Gaffney which was the site of his former apple orchard Year Developed: 1991 Lot Sales: From 1992-1995 Ridgewood Acres is a special development for several reasons. First off, the previous owner Dr. Gaffney was a very good friend and a golf companion during his last years....
Location: Wild Apple Ridge, Stillwater, MN Size: 80 total acres developed into 35 lots Lot Size: Range from 2.5 to 5.0 Acres Year Completed: 1990 Jon's involvement included the initial sale of the land and the reselling of the 35 finished...