Have you Inherited Commercial Property? We pay CASH for Commercial and Industrial Real Estate and CLOSE QUICKLY. In many cases, the person who has Inherited the property lives out of state. If not, they are grieving over the loss of a loved one while maintaining their day to day job or activities. Factor that scenario while making arrangements with attorneys or the courts regarding the Inherited Commercial Property. It gets complicated in a hurry.
ARE YOU PREPARED FOR:
- Collecting Lease Payments may be easy until the tenant stops paying. Then you must hire an attorney, prepare to evict the tenants, and sue for damages to the property or collection of back rents. If you do not handle this properly through the legal system, prepare to get sued yourself.
- Negotiating Commercial Leases can be challenging. You must understand the market lease rates for your area as well as knowing the terminology in regards to those rates and what your competitors are charging. Will it be a “Gross” Lease, “Net”, “Net Net” or “Triple Net” Lease (“NNN”). Gross lease means the tenant pays a specified rent only. This leaves you, the Landlord, paying Taxes, Insurance, Maintenance and Repairs. Net Lease means tenants pay specified rent amount, plus they pay Taxes on the property. From there, it depends on the property and the Landlord. Do you really have the time to educate yourself on lengthy Commercial Leases? Do you have the money to dough out for Tenant Improvements? Most tenants will not accept the property in as-in condition. Francis & Company Will Buy Your Commercial Property for CASH in Any Condition.
- Dealing with Repairs on Commercial property is expensive and time consuming. Be prepared to get multiple bids to ensure you are getting a fair price for the work to be performed. Now are you ready and have the time to oversee the Repairs and Improvements to make sure they get done correctly and on budget? Is your Commercial property in poor condition or in need of repairs?? WE Buy Properties in Any Condition for CASH.