5 Most Common Red Flags Entrepreneurs Should Know Before Signing a Commercial Real Estate Lease in New York

It’s exciting to find a home for your business, but here’s what experts say you should know before you sign that commercial real estate lease. June 6, 2019 9 min read “If I can make it there, I’ll make it anywhere. It’s up to you, New York, New York.”  When Frank Sinatra first sang those words in 1978, we can surmise he was envisioning the city’s iconic skyline, not the nitty-gritty details of commercial tenant contracts. But decades later, the lyrics are true for small business owners renting space in the very buildings that make up that view. New York is shadow-governed by some of the most powerful real estate conglomerates in the country — Vornado Realty Trust, Blackstone Group and Brookfield Asset Management, among others. The existence of these “mega-landlords,” as well as high expenses across the board, often means the odds are stacked against commercial tenants. For one, many […]

Read more

8 Proven Ways to Make Money in Real Estate

You don’t need an enormous amount of capital to find and execute lucrative deals. May 24, 2019 14 min read Opinions expressed by Entrepreneur contributors are their own. This article was originally published on October 13, 2017. Real estate may have produced more wealth than any other industry, but people still remain skeptical about entering into the fray. Most think that they need to start with some sort of capital, but that’s not always the case. The one magic power you do need is to be able to find the money, and we’re often not talking much to open up escrow. If you know what you’re doing, you can make money in real estate even if you’re just starting out. Don’t think so? Take the story of Kent Clothier, for example. Clothier opened his first escrow for $500. All he did was find a distressed home and a motivated buyer and brought them […]

Read more

Historical Rent Control Ruling Is Bad for Real Estate Entrepreneurs and Tenants Alike. Here’s Why.

Too many disincentives for landlords will prevent new rental units from ever making it to the real estate market. May 16, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. Oregon recently made real estate history, becoming the first state in the union to implement rent control statewide. I know the Oregon real estate market well since I grew up there and bought my first rental property when I was 14. Given that, I know that Oregonians mean well with this new law; they want to control the out-of-control cost of living in their state. But I have to disagree with rent control as the solution. In fact, this effort to help and support the state’s most vulnerable residents will unfortunately negatively impact them the most. Why? Because rent control simply doesn’t work. Rather, it drives down construction, discourages investment in new rental properties and generally disrupts the […]

Read more

5 Ways to Sell Your House Fast

Utilize these tactics to move property as quickly as possible. May 2, 2019 11 min read Opinions expressed by Entrepreneur contributors are their own. Technology is moving fast. It’s shaping the way we live. Revolutionizing the way we interact and communicate. In fact, there’s little that’s been untouched by technology. Industries have been razed and new ones have been erected in their place seemingly overnight. Titans in business have collapsed and folded at the hands of technology. Blockbuster. Toys ‘R Us. Kodak. Yahoo. Nokia. Xerox. Names that once meant something have now disappeared into thin air.  Today, they’ve been replaced by companies like Uber, Netflix, Amazon, Facebook and others that are leading the charge in the wake of a new era. They’re embracing change, reshaping and disrupting business as we know it. Yet, with all the technology and all the change, one industry has been left largely unscathed. Real estate. The […]

Read more

Learn How to Make Smarter Real Estate Investments

These expert-led classes guide you through the maze of real estate investments. April 19, 2019 3 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. An intelligently chosen, diverse portfolio can ease many of your startup woes. Having a variety of investments in stocks, bonds, hedge funds and more can grow your wealth, creating a safety cushion of finances you can turn to if your new venture hits a rough patch. Keeping your portfolio diverse also lowers your overall risk: if there’s a dip in one market, you can rely on your other investments to keep your finances afloat. Real estate is a fascinating and lucrative route to explore when you’re creating a solid portfolio. If you haven’t dipped a […]

Read more

There’s Never Been a Better Time to Be a DIY Landlord

Property rental business offers great benefits if you’re smart about it. December 14, 2018 4 min read Opinions expressed by Entrepreneur contributors are their own. Fewer people than ever are buying homes. According to the U.S. Census Bureau, the home ownership rate is currently at lows not seen since the 1960s. At just over 60 percent, this somewhat troubling trend is seen by many as a result of the economic struggles of the millennial generation. Related: How Much Could You Make on Airbnb? This Calculator Will Tell You. But, there is more to it than that. While demand for houses is down, the market is also being constrained by supply. There simply aren’t enough houses for sale to meet the needs of those who want to buy one. There’s a good reason for this. Rather than sell their homes when they move or downsize, more owners are choosing to rent them […]

Read more

Thinking of Buying Property? Here’s Why Continuing to Rent May Be Your Smartest Choice.

Though it can be costly paying a set fee, renting can have its advantages. November 23, 2018 2 min read Opinions expressed by Entrepreneur contributors are their own. If you’re on the fence about switching over from renting your current home to buying a place, Phil Town has some tips that could sway you. The Entrepreneur Network partner points out that though renting may feel like a source that is eating up your money each month, it can in fact be more desirable than buying property. Here are a few reasons why: 1. Buying property may not be as wonderful an investment as it is often believed. In fact, property does not neccessarily translate to more revenue even if you are doing something like flipping houses. 2. If you are renting, you can use the money you would have leftover to invest in the stock market.  3. If you are renting you can […]

Read more

3 Tips for Bringing Life to Outdated Mailrooms

A lot of real estate formerly devoted to moving mail is being creatively, and profitably, repurposed for the digital economy. November 10, 2018 5 min read Opinions expressed by Entrepreneur contributors are their own. When was the last time you sent a handwritten letter? Think about it. Sure, maybe you’ve scribbled a quick thank you note or birthday card, but let’s face it — lines are much shorter at the post office these days and snail mail isn’t what it used to be. The immediacy of email, Facebook and online retail has replaced the U.S. Postal Service, which has become little more than a “last-mile” distribution network for Amazon. As vacant post offices dot the nation, property owners and developers are rethinking the purpose of service areas originally designed to host streams of people and truckloads of goods. Those who view everything from factory-sized distribution centers to 10- by 12-foot […]

Read more

How to Sink Your Teeth into Real Estate Without Buying Property

Right now is one of the best times to get into real estate investing. Price growth is slated to slow and then pick up speed again. And we’ve seen only a marginal bump in mortgage rates. All of this spurs confidence in the market even if inventory is down. And with confidence comes increase in prices and increase in value. You’ve got to get on the cart now before it climbs too high. But if you don’t necessarily want to bind yourself with a mortgage and a house you can’t sell for a while, there are other ways to invest in real estate. Here are a few methods investors use to increase their dividends. 1. Grab Those REITs While They’re Still Hot A real estate investment trust is a company that owns or finances real estate. Said real estate must produce income for it to be a real estate investment […]

Read more

How the New Tax Law Affects Your Real Estate Business

Tax reform should have a positive impact on the real estate sector. Make sure your business is prepared for these major changes. May 25, 2018 4 min read The Tax Cuts and Jobs Act (TCJA) brings big tax changes to the real estate sector, the likes of which haven’t been seen since the Tax Reform Act of 1986. Fortunately, the impact on real estate businesses should be mostly positive. That said, there are some crucial changes that business owners and entrepreneurs in the real estate sector should look out for moving forward. Related: The New Tax Law Has Made It a Great Time to Invest in Real Estate. Here’s How to Get the Most From Your Investment. Pass-through entities You have probably heard about the 40 percent reduction in the corporate tax rate to 21 percent under the TCJA. However, if you operate as a sole proprietor, or in a pass-through entity such […]

Read more

3 Must-Know Tips from Real Estate Insiders

Maximize your home sale with these tips. May 15, 2018 2 min read This story originally appeared on GOBankingRates Jumping into the real estate world is a tried-and-true pathway to wealth. That pathway, although tested, isn’t for the faint of heart — there are many bumps along the way. Before you start buying, take some useful beginner’s advice from the insiders who have been there and done that. Related: 12 Times You Should and Shouldn’t Invest in Your Favorite Brands Check out the tips below to learn about some common real estate myths you need to know before you get into the game. Tip 1: It’s all about the timing. Dollar signs are directly linked to the calendar when it comes to real estate. Thanks to seasonal fluctuations, the listing date could increase sellers’ profits — or give buyers a serious discount. Related: 13 Million-Dollar Businesses That Turned Down ‘Shark Tank’ Deals Tip 2: Video made the real estate star. The […]

Read more