When Your Tenant Is Not Paying Rent For Their Commercial Real Estate, What To Do?

When Your Tenant Is Not Paying Rent For Their Commercial Real Estate, What To Do?

When Your Tenant Is Not Paying Rent For Their Commercial Real Estate, What To Do?

Larry Gonzalez No Comments

Your Tenant Is Not Paying Rent – What To Do?

Many beginning investors do not know this interesting piece of knowledge, but they can receive local help for their commercial real estate investment ventures about what to do when your tenant is not paying rent. You can contact your local small business administration and take use of services that they may have for first time investors, as well as for small business owners.

Today there are lots of opportunities in commercial real estate investment. When you compare an investment in residential real estate with one in commercial real estate, it is quite clear that commercial real estate is the way to go.

Secure your lines of financing before you go looking for commercial real estate to buy. When you know exactly how much capital you have to play with, you will find it far easier to narrow your search. This will also give you an upper hand in negotiations as you’re ready to purchase immediately.

Today there are lots of opportunities in commercial real estate investment. When you compare an investment in residential real estate with one in commercial real estate, it is quite clear that commercial real estate is the way to go. The biggest problem you may encounter however is tenants not paying rent. This is where having the right financing in place can help you in these times of reduced rental income.

During the process of looking for a commercial real estate property, it is important to ask your broker any questions you may have. You could end up agreeing to something that you are not pleased with or losing out on something that you were really looking for if you don’t.

Secure your lines of financing before you go looking for commercial real estate to buy. In the long-term, commercial real estate investments are bound to be among the most profitable investments possible. It can be frustrating to find a good commercial property, and managing commercial real estate can be quite challenging.

Finding commercial real estate to invest in is a daunting and time consuming process. If you do not take the time to carefully calculate the costs and fees that are involved, you may very well find that you have gotten in over your head and can not actually afford what you have invested in.

When purchasing an investment property, don’t forget to think sensibly. If a deal really is to good to be true if it appears that way.

Real estate often seems like a great way to invest, and it truly often is. There are, however, many pitfalls that can happen to a new investor, and so it is very important that you do not put all of your eggs into one basket when you think about real estate.

In the long-term, commercial real estate investments are bound to be among the most profitable investments possible. It can be frustrating to find a good commercial property and managing commercial real estate can be quite challenging.

If you get your emotions involved, investing in real estate can be a tricky proposition. Real estate deals will go and come and if you sacrifice your emotions on any given deal, you will surely make unwise choices or spend more time on regret than business. Keep your focus on the end result, not the deal that you missed.

Heating and Air Services

Heating and Air Services Can Make Your Home and Business Comfortable

Larry Gonzalez No Comments

A heating and air services company that has a 24/7 emergency line would be of great value to you.

Many people keep up with this schedule by having a heating and air services come out every time the seasons change. Any parts that appear to be worn or on their way out can be ordered and replaced at that time.

You don’t have to worry about anyone becoming ill in your home or business due to his or her allergies being triggered by any allergens in the air. No matter what the weather is, you will always be able to feel comfortable and breathe the best air.

When it comes to keeping your home or business cool and comfortable, you need to make sure that your heating and air services system is functioning properly at all times. Many people keep up with this schedule by having a heating and air service come out every time the seasons change. Don’t hire them before you give them a call and screen them just like you would do any other heating and air business.

The key to hiring a good heating and air service is to ask around for recommendations.

If you happen to hear or see about the same companies several times, you definitely want to give those places a call. Don’t hire them before you give them a call and screen them just like you would do any other heating and air services business.

When it comes to keeping your home or business cool and comfortable, you need to make sure that your heating and air system is functioning properly at all times. Even when it is not in use, air is being circulated throughout the atmosphere and being inhaled by the inhabitants, visitors and workers in those places.

You want a company that will come out on a Sunday if you need them too. A heating and air company that has a 24/7 emergency line would be of great value to you.

Buy Local Produce Whenever Possible

Try Your Best To Buy Local Produce Whenever Possible

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Buy Local Produce Whenever Possible

What can we do? Well, you can try your best to buy local produce whenever possible. Even though America has lost more than 5 million farms (USDA figures) since 1935, there are still many farmers who have generated markets for themselves in the cut throat world of global competition.

To keep produce fresh during the long haul across oceans and continents, produce companies have to use chemical preservatives. Well, you can try your best to buy local produce whenever possible. Many small farms surrounding suburban communities or urban city centers have daily or weekly farmers’ markets. Try your local business improvement association or municipal office to see if they might be able to help.

Local Produce Farmers Market
It really is enjoyable to mix up your food shopping routine by purchasing your fresh produce and meats at your local farmers market.

If you’re like me and treasure the rural areas surrounding your urban region, then you also likely feel the sense of sadness each time a farm is sold for yet another commercial or residential development. Here’s your chance to do your bit to save the “family farm” (and help curb urban sprawl).

It really is enjoyable to mix up your food shopping routine by purchasing your fresh produce and meats at your local farmers’ market. In many cases you can negotiate prices (which is fun). I also find your fellow shoppers are generally in a happier frame of mind when they’re perusing farmer’s booths than when they’re steering a shopping cart through crowded aisles at the grocery store.

Do you know how far the apple in your kitchen traveled before you picked it up at the grocery store? According to the Leopold Center for Sustainable Agriculture, apples in American grocery stores typically travel 1,726 miles before reaching your kitchen!

Buy Local Produce Food … Save The Environment

The impact on the environment is one issue, but we also have to worry about preservatives that are used to keep this apple crispy and nice during its very long journey to your grocery store. To keep produce fresh during the long haul across oceans and continents, produce companies have to use chemical preservatives. It is well documented that preservatives are hazardous to human health.

Just think about the fuel needed to transport produce like this across the country or across borders. Think about the pollution generated by the vehicles carrying this produce. An apple a day may keep the doctor away but the fumes accompanying it will definitely hurt us!

Find out the location of your nearest farmers’ market, note the dates that they are open and plan to be early and there bright to get the freshest, tastiest food choices of the day! Your family will thank you, you’ll be supporting your local economy and helping to save the environment.

Many small farms surrounding suburban communities or urban city centers have daily or weekly farmers’ markets. These markets connect regional small farmers with urban and suburban dwellers. Try your local business improvement association or municipal office to see if they might be able to help.

Since produce from your local farms are traveling very short distances there is less pollution created in their transport. There is also less packaging and processing involved which also helps to lessen the amount of garbage we put into the environment and ourselves!

plumbing plunger

Find The Right Plumbing Professional

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If your sewer is backed upplumbing

If your sewer is backed up, there are things you can do to troubleshoot and clean. This includes renting equipment like a main line cable. Often this does not fully take care of the problem. A plumbing professional needs to assess the issue then, using a camera method, and thoroughly cleaning the main line.

Plumbing can be an incredibly important aspect to your future and current home improvement. And so is understanding all the different techniques and equipment.

Make sure you know all your problems so you can have them fixed by one plumber visit. Having them all fixed in one visit takes a lot of money off your bill. Because you don’t have to pay for the visit multiple times. So, make a list.

Make sure any plumber you hire can handle the type of job you have. There are many aspects to plumbing and many contractors can do almost all of them, but some are better suited to doing work involved in specific areas. Get the one that specializes in septic systems if need a plumber for your septic system.

Useful plumbing tips

Maintaining and repairing your own plumbing is an essential part of home improvement. But understanding it and buying the right equipment can be tricky. There are lots of things to consider for your particular plumbing job. Here are some steps you can take when starting with your own plumbing jobs.

Many people complain of low water pressure. While there are several things that can cause this. Don’t overlook any of them when starting your investigation.

 

 

Many people deal with clogged toilets. If your toilet will not flush every time, the water rises to the top, and there is bubbling effect occasionally. This can be due to a much deeper blockage in the main pipe. You must then clean the main pipe in order for your toilet to work properly.

Before starting any plumbing project be sure to turn off the main water supply. To minimize damage turn the main water supply off. Also don’t forget to shut off valves near where you are working.

Avoid using headphones if you are the kind of person who likes to listen to music when you work. A radio is a much smarter choice. It will allow you to hear the music you want, without distracting you from hearing important sounds.

When you experience the coldest of winter weather, make sure you allow a slow drip over the night. Follow a general rule: if there is snow on the ground, leave the water dripping. This keeps a constant flow and reduces your risk of waking up to frozen pipes that can cause a great deal of damage.

As you have read, plumbing can be an incredibly important aspect to your future and current home improvement and so is understanding all the different techniques and equipment. This is so it makes it easier for you to understand what you need for your plumbing jobs. Following the tips in this article is a very good starting place.

renovations painting black paint roller

Renovations for Commercial Facilities

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renovations wall brush paintingExterior building renovations improve the first impression your customers get. Whether the building itself needs waterproofing and/or painting or your parking lot needs renovation, a licensed general contractor should be the first call you make.

Who is the first person you need to contact if the interior or exterior of your commercial facility needs renovations? An experienced general contractor. He can provide you with professional advice and do the work within your budget. He’ll be sure to give your business the attention it deserves.

A licensed general contractor can help you manage the entire process. He can help if you need to change the interior of your restaurant, hotel, medical building, retail or office space . In no time at all your business can have a new room look or a fresh “facelift” without a lot of hassle.

Renovation of an outdated commercial building can give an aging property a new lease on life.

Renovating Opportunities

Renovating a business presents an opportunity to enhance the overall look and feel of your office, restaurant, hotel, or other commercial type facility. But it also improves in the energy efficiency and general energy demand.

Retrofitting energy-efficient fixtures, windows, doors, insulation and other high energy demand appliances can play a significant role in reducing the operating costs, particularly in older buildings. Additionally, remodeled facilities help  gain more customers and attract new tenants.

Unexpected Surprises

Unexpected discoveries, such as plumbing, electrical, or water damage issues found while renovating can lead to additional costs. But making the repairs during the renovation process can prevent more headaches down the line.

Staying in Business during Renovations

A general contractor with years of experience in commercial renovations can make sure your business can remain operational during renovation. Careful planning, scheduling and work flow ensure that tenants, contractors and customers have access to the building at the same time. A good contractor knows how to minimize down time for your project and provide options to achieving the best results.

A renovation does not need to be a never-ending nightmare that continues to rack up additional, unexpected renovation charges for a facility manager. Your commercial renovation project will be completed on time, within budget, using the highest quality products.

join a business association to help your company grow

How to Help Your Business Grow | Join A Business Association

Larry Gonzalez No Comments

If you are wondering how to help your business grow, here is a great way: Join a business association! It can a Benefits of a business association. connect to your customershave huge effect.

Join a business association that your customers, or potential customers, belong to. As well as other industry and business stakeholders (such as suppliers, competitors, your community). Also look at a business association where the end customers participate if your customers sell to others. Typically the cost of joining an industry association is not that high. It is, in fact, relatively inexpensive when you consider that you will be able to directly reach customers (and often reach them in a way that is more effective and meaningful in building relationships).

Business networking can be a valuable tool in your business survival and success. One of the most cost effective ways to build strong relationships with your customers, suppliers and other industry stakeholders is to join the right type of association.

In addition, you will gain valuable contacts and have better access to business resources for your industry.

The benefits to members of joining a business association include:

Of those business owners that join associations, many owners will attend association meetings or events, listen to the speaker, and depart as soon as humanly possible. While they will hopefully have learned something from the speaker, they will not have benefited in the most important way. That is building their own personal business network or business community. When you build a strong personal business network, your business will benefit from it.

Other business associations to consider are your local Chamber of Commerce, your Board of Trade, the Small Office Home Office (SoHo) organization. It could be whatever else is available in your area. These business associations provide you with a broader business network and business community. You need to assess whether or not you can build a partnership or alliance with other business owners for concentrated effort and success (for example, a local business improvement initiative could be undertaken with a group you meet through one of the business associations you belong to).

If you don’t join your industry or small business association, you can be sure that one, or many, of your competitors will. Do you really want your competitors to have access to your customers and to be able to build a strong relationship through association participation?

Excellent ability to connect with customers and other stakeholders in your industry; Association membership will also provide you opportunities for contact with potential customers and with suppliers (who may provide you with referrals to prospective customers);.

Industry educational programs:

Access to hard-to-find industry research and statistics (these often include invaluable benchmark studies and business performance metrics);
Industry conferences;

Group discounts on business services (such as cell phone programs, merchant discount programs, gas discounts, courier programs, and more)

Supporting the industry association to act officially or unofficially as lobbyists for the industry they represent to all levels of government;

Some industry associations have certification programs for individuals (such as the certified sales professional program). As well as for companies (such as programs that certify companies that have achieved a certain professional and/or business level);

And, often membership in an association will give you access to the membership list (your new contacts list) once you become a member.

In addition to industry and trade associations, you need to consider special interest group associations (such as women in leadership; professional groups – such as certified general accountant, sales executives etc.). Those associations might not include your customers, but they certainly will include competitors. You need to learn about them and understand). Consider interest group associations as your own small business advisory; ask for help, for information, for access to resources.

Joining an industry or small business association is a highly effective small business strategy. It needs to be on your list of top marketing tactics. Once you’ve joined, you need to attend association meetings and participate in association events. To be even more effective: join the association board or an association committee. In addition to industry and trade associations, you need to consider special interest group associations (such as women in leadership; professional groups – such as certified general accountant, sales executives etc.).

Things to Consider When Buying or Building A Greenhouse

Thinking of Buying a Greenhouse

Larry Gonzalez No Comments

Things to Consider When Buying or Building A Greenhouse

When using a greenhouse for hydroponics farming, some techniques have proven very effective. This is done by using water instead of soil to grow the crops.

This decision will not be easy. Because the land has been with the family for years, perhaps this is. Every known pesticide and herbicide has been used. But still during the same time each year, the same pests still come and do considerable damage.

greenhouse: hydroponics farming

Greenhouses work well especially during winter.

Suppliers also provide the equipment to keep the crops warm. The heaters used will depend on the size of the structure and the budget of the farmer.

People can get greenhouses in different shapes and sizes. A lot of customers prefer the free-standing models. This can be custom built and delivered in a few days if ever the supplier does not have the size for the farmer.

Since these are shatter proof, the farmer will be able to save money. This is because when ordinary glass is used and it is damaged, it has to be replaced.

The greenhouse is an enclosed structure that allows the farmer to grow crops in a controlled environment. This means that the right nutrients and proper sunlight are provided all year round without anymore having to worry about pests.

More crops will be sold during harvesting season and profits will grow. If there is still space in the farm, the farmer could then invest in more greenhouses.

The kind of structure used for the greenhouse depends on the weather where the farm is situated. Should the area have strong winds, then the structure made out of metal instead of wood will be a good choice.

This has enabled farmers to grow vegetables and fruits giving these individuals more profit than ever before.

People can get greenhouses in different shapes and sizes.

The other thing that makes up the greenhouse is the panels. If the farm experiences hailstorms or snow storms often, it will be a food idea for the farmer to get panels made of plastic or Plexiglas.

Buying a greenhouse has proven to be the effective way of growing crops and with the efforts of the farmer; the investment for this structure will soon pay off.

Owning a farm is not just about planting crops and harvesting it. Since there is a lot of work to be done, the person must be prepared always to face the challenges ahead. This could be in the form of diseases, pests and the weather.

A farmer who has worked the land and still faces the same problems will eventually get tired. That person has to then make a choice. That is whether to sell the farm or try a new approach to make it profitable.

Since it takes a lot of effort on the part of the farmer to maintain the farm, another thing that can help is the installation of a timer. Greenhouses can have timers which will release water mixed with nutrients at certain times of the day to help the plants grow.

This can be made of glass, wood, metal or plastic. The farmer just has to decide where the greenhouse will be placed and the size to get.

Greenhouses can grow a variety of things.

People first used this to grow tests but flowers have shown that this can increase the productivity of crops 10 times more than traditional farming.

Scientists and other experts have found more than one way to do this which is gaining popularity in the agricultural industry.

Greenhouses work well especially during winter. The heaters used will depend on the size of the structure and the budget of the farmer.

There are some models that are powered by electricity, oil and gas. This machine will give the farmers the means to meet the demands of the people during this period.

The other thing that makes up the greenhouse is the panels. If the farm experiences hailstorms or snow storms often, it will be a food idea for the farmer to get panels made of plastic or Plexiglas.

This approach will require something new and this is the best time that scientists and other experts will suggest that the farmer buy a greenhouse.

Should the farmer decide to get one, the things to be considered are the budget, the size of the weather and the farm conditions that exist. By getting the right structure for the job, the land will pass and grow on to the next generation.

Cashflow and the Family Business

Larry Gonzalez 2 comments

Most businesses have issues with cashflow as it never seems be that expenses need to be paid before you actually get paid.  Unless you are a well established business and your income is predictable for years, banks can be a very fickle place to get help with this issue.

Personally, I like to deal with non-bank lenders as I find them much better to work with.  In my family’s experience, asking a bank for a loan has always been an awkward experience so we tend to stay away from it.  What I mean by awkward is that they want to know everything about you and the business history for many years.  When I need Small Business Funding, I need it when I apply for it, not in 3 months from now and I do not want the bank to take a lien on every piece of machinery and acre of land we have when I only need funding to cover some Operating Expenses.

Create Cashflow with a Farm Market Stand

 

If I were looking to borrow money to buy more land, I would be willing to use that land as collateral, but if I only need a Short-term Business Loan, why would I be expected to tie up everything I own as collateral.  To me, that is just tying my hands so I cannot work forward.

Alternative Cashflow Lenders will generally take the items involved in the transaction as collateral, and that is it.

What I mean by that is if you are looking for Cashflow Financing to cover short term Operational Expenses, Accounts Receivable Factoring or Accounts Receivable Financing as it is also called, the lender will take the Accounts Receivables as collateral.  Generally speaking, they will not want to take a lien on everything you own – commercially and personally – like the banks will nearly always do.

Now I will say, that as far as interest is concerned, the alternative lenders do charge a bit more than a bank would but to me, the cost far outweighs the benefits of keeping your other assets available for leveraging if the need arises.  To me, if I had everything tied up with the bank and then I needed to get additional funding for something and because of that I would need to go back to the bank, hat in hand, asking to have permission to do something with my own property – that is awkward to say the least!

Now I am not going to tell you which alternative lender to go to because everyone has their preferences but I will say that for me, I tend to return to the same lender each time the need arises as I can work with them seamlessly from where I am, I do not need to travel to the city for countless meetings which takes me away from what I should be doing.  I like to do as much as I can over the internet and the Commercial Lenders on the internet allow me to get the funding I need with the least amount of inconvenience.

As always, if you have any comments or questions, feel free to message me.

 

 

Rural Property Mortgages

Larry Gonzalez 2 comments

When you are looking to purchase your first rural property or add to what you currently have, the bank is generally the first thing that comes to mind when looking to borrow the money to make the purchase.  In my experience, that may be setting yourself up for more headaches that it is worth.

Rural Field View

My preference is to keep the bank as far away from my property as I can and this includes when it come time to borrow money to buy more land.  Now I am not saying you need to save your money to buy acreage in cash.  That is actually a really bad idea as you will tie up all the money you have which could be used for operating your business, you will miss out on the tax advantages of being able to expense your interest payments and limit your ability of expansion quite drastically.

Borrowing money to expand your farm business can be a good thing as long as it meets your needs and does not involve leveraging more that is really required.  Most often, when you take a bank loan, the bank will want not only to have a lien on the property you purchase, but every other property and asset you have in the business as well a personally.  This will generally be justified by the bank in stating if you have enough confidence in yourself to make the payment, this should not be an issue.  So long as you pay, nothing will be in jeopardy.

While this may be true, the other side of the issue is that you are running a business and if you leverage every asset you have for a particular purchase today, what happens tomorrow if you need funding for something else?

The answer to that question is that you will need to return to the bank to ask them to lend the funding to you and if they refuse you, you will have no other options because you will not have any assets available to borrow against to get the additional funding you want.  Most people do not see this until it is too late and they they have to scramble to find a way to take the bank out with Alternative Commercial Funding such as Commercial Rural Mortgage Lenders and the like.

I will tell you that this is much harder than is sounds.  Most often, the bank will be so well entrenched in your business that taking them out will come at a great business and personal cost – something that is not discussed as you are signing the contracts with them at their office.

Banks are not always the worst choice, but they surely are not always the best choice.  Please, do yourself a favor when you are looking to purchase property, do not just talk to your bank, also speak with Alternative Rural Mortgage Lenders for Rural Property Mortgages.  The interest may be a bit more but you will not have all the other restrictions place upon you that you will likely have with the bank.  Keep your eyes wide open!

As always, if you have any question or comments, I would be please to hear from you.

 

AR Factoring for Farmers Market Operations

Larry Gonzalez No Comments

In Ohio, we have some of the best Farmers’ Markets anywhere and it can be a pretty good seasonal business. Many farmers have their own road side stands and these same farmers will sell on a wholesale basis to other stands or markets. While most farmers do require to be paid upon delivery of their produce, some of the bigger markets cannot operate that way and will pay on terms – usually net 30 days.

Farmers Market Sign

If you are working with the larger markets, which is much simpler for a farm to supply, not having to worry about the smaller markets who only need a little produce every few days, it is much better for business if you sell to the larger markets so that you have only a few customers to be concerned with.

The downside to that plan is that you will need to cover the expenses until the time that the large markets make the payment to you. This is where AR Factoring comes into play. These larger markets will typically be customers which most Accounts Receivable Factoring Companies will have no problem advancing funds against the delivered goods from which the invoices were generated for.

How this works is like this:

  • You deliver the produce to the market and raise an invoice at that time and have the market sign a confirmation of delivery for the order;
  • You provide the invoice and the proof of delivery to the Factoring Company;
  • The Factoring Company will then give you an advance on the sale based on the face value of the invoice raised;
  • The Factoring Company will then do the collection of the invoice from the market;
  • When the market pays, the Factoring Company will then give you the balance of the funds less a service fee for the advance based on the number of days the funds have been in your possession.

Financing of Accounts Receivables really is a simple solution for many businesses to help cover the costs of Farmers Market Operations which include the harvesting, packaging, shipping as well as fuel and labor costs related to all these activities.

Now a word of caution: Not all Alternative Lenders do work with food related industries so when you are looking for an Alternative Lender for your cash flow assistance, be sure to let them know up front that you are a farm and which products you work with. Some foods carry different ratings than other due to spoilage probability and price volatility.  You do not want to go through the process of getting approved for funding only to find in the end that you will not be able to put everything in place due to an oversight.

Personally, I have had great success with this type of funding for our Agricultural Business, hopefully this advice will help yours.

AB Don PicMy name is Don Goldberg and I am a farmer in Ohio, USA and my family has been involved with farming before our family made the move to the United States four generations ago. [more]
Ohio Farm Bureau