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Real estate investing is changing. Michigan investors are seeing this firsthand as they face increased property insurance rates. This increases costs, which may force some landlords to increase rents. Increased rates Global property insurance premiums have risen 4%...
Real estate investing is one of the most effective ways for Michigan residents to increase their net worth. One of the most appealing aspects of real estate investing is its diversity, as every type of investment is different. For instance, commercial real estate...
Michigan commercial real estate is typically more expensive to purchase as an investment than residential houses. This type of real estate includes vacant land, apartment and office buildings, retail stores and shopping centers, warehouses, restaurants, movie theatres...
Finding ways to protect and grow your wealth in Michigan should be a priority, although doing so is not always easy. One of the best options available is investing in commercial real estate. Here's why: Increased return on investment Commercial real estate has...
In Michigan, commercial leases have several variables affecting the terms and methods used to calculate rents. Understanding the most common commercial leases and the mechanics of those calculations is crucial for tenants to ensure their lease contract is fair and...
It is possible to sell a commercial property and an operating business together in Michigan. However, it is not always advisable. It can be a tricky process that has numerous pitfalls. Business brokers are ideal for the valuation of a business If you’ve been operating...
Comps, or comparative market analyses, are an important part of the real estate process. They help you determine the value of a property to ensure you make the right offer. Here’s what you need to know about real estate comps. What are real estate comps? Real estate...
Commercial real estate properties ca be income-producing assets. In Michigan, there are several different types of properties from which to choose. Here is a brief overview of the major categories of commercial real estate. Multifamily Commercial multifamily...
If you're looking to open a business in the Michigan area with offices or a storefront, you may need to sign a commercial lease. As commercial real estate can be more difficult to navigate than the residential equivalent, it is important to know the different types of...
People looking for their first commercial property in Michigan often make the mistake of treating it the same way that they would treat residential real estate. However, commercial real estate often operates differently. In order to maximize your investment, you...