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Tell-Tale Signs You Should Hire a Specialist in Real Property Management – Columbus, Ohio

Hire Real Property Management in Columbus, Ohio

Columbus, Ohio is home to many residential and commercial rental properties. In the past few decades, we’ve noticed a steady increase in building owners and landlords looking for help. Let’s face it, property management is a long-term ordeal, and not everyone has the time to perform real property management – you are not alone. Maintaining and running a property can quickly become overwhelming. Do the following five statements ring true for you? If so, they may be signs that you need help from an on-site property manager for hire!

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COVID-19 Accelerates E-Commerce Surge, Sparking Investment in Industrial Real Estate

Industrial Real Estate COVID-19A little over two years ago, our hometown paper, The Columbus Dispatch, published an article about an emerging trend: the rapid growth in demand for industrial real estate in Central Ohio.

At the time, the article focused on the “Amazon effect” – the local warehousing of an enormous stockpile of products for regional distribution. With about 2 million square feet of industrial real estate in just two facilities, Amazon was king. But smaller businesses were about to be knighted, too, as online shopping continued to increase. Even then, the article noted that warehouse vacancy rates were trending downward to as little as 3 percent in the Grove City and West Jefferson markets.

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Boost Profitability of Your Farm for Sale in Ohio: 2 Determining Factors

Farm for Sale in OhioIf you are one of the 75,000+ principal farm operators in the state Ohio, you know that having a farm for sale in Ohio is unlike selling any other property. With the recent boom in housing sales and commercial real estate development, farmland has proven to generate a significant return on investment for you, the land owner.

By no means are we suggesting it’s a difficult process to sell farmland; however, the effort you put into prepping your farm for sale can pay off. There are two main factors that will determine the profitability of your sale, namely land evaluation and taxes. Therefore, we recommend you focus your attention here.

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How “Smart” Transportation is Transforming Commercial Real Estate

Smart Transportation & Commercial Real EstateIn March 2020, Mass Transit magazine (a business-to-business transit publication) featured a piece that was good news for Central Ohio residents. The article reaffirmed what a growing number of people have come to accept as a matter of course: exciting new transportation initiatives are transforming commercial real estate.

So, what was the good news?

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Your Ohio Commercial Property Reassessment Cheat Sheet

Property Reassessment DroneWith recent headlines focused on politics, protests, and international disputes, Ohio commercial property owners may have overlooked or forgotten that a statewide property tax reassessment is nearly complete.

Ohio law stipulates that a comprehensive property reassessment is completed every six years, with an update at the three-year midpoint. Auditors from across the State spend years evaluating a select list of criteria to determine a property’s value and, thus, its new tax rate. As Ohio business owners know, a lot can change in that time. For some, that means they can expect a tax hike. For others, it might mean a decrease. Lastly, some commercial property owners will see a negligible difference, regardless of the appraisal.

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6 Ways to Get Organized After Finding Small Office Space for Rent

Finding Small Office Space for RentAre you still sticking with your New Year’s resolutions of becoming more organized? Maybe you can up the ante after landing a new small office space for rent!

For many business owners, the beginning of the year marks the time to start fresh and work on efficiency. Perhaps, in an effort to do so, you have decided to begin with a completely blank canvas for your small business by relocating to a new officespace. No matter what the reason is for the change, one thing is for certain: You need to know how to become (and stay) organized… today.

The idea of organizing your small office space rental may seem daunting. You are busy! How can you find time to do all of this with everything else on your plate?

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Investing Your Bucks in the Buckeye State: Why Ohio’s Opportunity Zones Are Poised for Growth in 2020

Ohio Opportunity ZonesThanks to the passage of the 2017 Tax Cuts and Jobs Act, Opportunity Zones have fueled economic growth in communities throughout Ohio. Clark Gable, famed Hollywood actor and Ohio “native son,” reflecting on his life, once remarked that he was “just a lucky slob from Ohio who happened to be at the right place at the right time.”

But, you can bet that he would have felt a whole lot luckier with Ohio’s economic Opportunity Zones now in place. Opportunity Zones offer a bevy of tax incentives to individuals and businesses that reinvest in economically distressed parts of the state at-large and the greater Columbus, Ohio region. Similar in some respects to New York City’s local Business Improvement Districts (BIDs), Opportunity Zones encourage financiers to invest their capital gains in businesses or properties in economically distressed, impoverished areas.

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The Conclusive CRE Guide to Opportunity Zones

CRE Guide - Opportunity ZonesAre you aware that you may be eligible for preferential tax treatment by investing in Opportunity Zones? You don’t even need to live, work or have a business within the area of your investment! Discover how you can use this economic development tool to benefit your bottom line for the upcoming tax season, while also boosting economic development and job creation in underserved communities.

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Buying or Selling Ohio Land for Sale? Think Land Appraisal.

Ohio Land for Sale? Think Land Appraisal!When there is Ohio land for sale – whether it is raw acreage, commercial property, or residential – a land appraisal is the key component of the process. Any loan for a property is based on the appraisal value. As a buyer, owner, or seller, understanding the true value of the real estate in question is important. This will help you make the most of your real estate decision. But first, it’s important that you understand the process of a land appraisal and know what to expect.

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A Conservation Easement Guide to Protecting Our Treasured Land

Conservation EasementThe importance of a fully modern open space preservation vehicle, the conservation easement, cannot be better summarized than by than our 26th President. Theodore Roosevelt, one of the nation’s original land protectionists, embodied the power – and beauty – of a conservation easement in the following quote:

“Here is your country. Cherish these natural wonders, cherish the natural resources, cherish the history and romance as a sacred heritage, for your children and your children’s children. Do not let selfish men or greedy interests skin your country of its beauty, its riches or its romance.”

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Conservation Easements Pros and Cons: Keep Ohio Cool and Green

Conservation Easements Pros and Cons: Keep Ohio Cool and GreenSummer in the Buckeye State can be a sultry affair. And, surprisingly, one way to beat the heat may involve a unique land protection vehicle known as a conservation easement. From a climate perspective, a green oasis can help cities lessen their urban heat island effect.

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5 Investing Tips for Commercial Real Estate Beginners from Industry Leaders

Investing Tips for Commercial Real Estate BeginnersWith the warmth of the summer season on everybody’s mind, it’s natural for investors, especially those in commercial real estate, to divert their attention to new opportunities. Spring brings tax season, a time when investors assess their current holdings and plan for the future. Now, with the tax season behind us, investors are in the driver’s seat and ready to diversify their portfolio. This realization is as true for commercial real estate investors as it is for residential property holders.

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Ding-Dong! Retail is NOT Dead! The Resurgence of Retail Space for Lease in Columbus, Ohio

Retail Space for Lease in Columbus, OhioThe future of brick-and-mortar retail may not be in dire straits as many analysts have predicted over the last few years. Even with skyrocketing online sales (a 16% increase in 2017 alone), shoppers still enjoy personal relationships, experiences, and the comfort of physical store settings. Moreover, the cause of business bankruptcy may not be due to competition, but the result of poor management, increased debt, or general market conditions.

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4 Tactical Steps To Claim and Optimize Your Warehouse Rental Space in Columbus, Ohio

Warehouse Rental Space in Columbus OhioAs the e-commerce market continues to thrive across the country, the demand for warehouse rental space in Columbus, Ohio has nearly outweighed the available supply. Retail behemoths like Amazon and Walmart are driving online sales in several areas. Electronics, personal care, apparel, housewares, and even fresh food arrive at to your doorstep within days. So, it is not surprising that warehouse space is being purchased or leased for distribution centers as soon as this type of industrial space becomes available.

In early 2018, real estate investment firm LaSalle Investment Management forecasted a favorable climate for commercial real estate sales in North America. And, they have since found that fundamentals in the real estate market remain strong, particularly in the industrial property sector.

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Selling Commercial Real Estate? 24 Practical Techniques to BOOST YOUR ROI on 5 Different Property Types

Selling Commercial Real Estate | TipsWhen selling commercial real estate, the favorite phrase, “A little bit goes a long way,” holds much truth. Before listing and showing your property, there is a wide range of tasks that can, and should, be undertaken to increase the chances of a sale and boost the potential ROI.

A study performed by the Florida Nursery Growers and Landscape Association found that something as simple as landscaping has the potential to increase the resale value of a property by 14 percent. And, even more surprisingly, landscaping can also increase the time it takes to sell commercial property by as much as six weeks.

With some as straightforward as cleaning up, and others requiring an investment of a few thousand dollars, each recommendation is aimed to increase the profit on your commercial property. Below are 24 practical tips you can use to improve any of the five major types of commercial real estate.

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4 Effective Steps to Find Commercial Rental Properties for Sale

Find Commercial Rental Properties for SaleCommercial real estate investing is a big decision. No one ever said it was for the risk-adverse; that’s for sure! Fortunately, commercial rental properties for sale typically offer a great return on investment over the long haul. You just need to know where to begin! Below we’ve outlined the four effective steps to uncover a profitable rental property available on the market.

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Warehouses Are The New Black! Industrial Space for Lease Is Skyrocketing

Industrial Space for LeaseThe economy has set the stage for surging demand within commercial real estate, particularly for industrial space for lease. CRE industry experts are now asking: can we keep up?

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Investing in Commercial Property for Sale in Columbus, Ohio? The Complete Beginner’s Guide!

Commercial Property for Sale in Columbus, Ohio | Beginner's GuideAre you a newcomer to buying commercial property for sale in Columbus, Ohio? Welcome to our thriving community! Not only is our neighborhood home to some of the largest U.S. retail and restaurant headquarters, but the Columbus, OH real estate and job markets have seen remarkable growth, too. As such, there is no better time than now to seek out commercial real estate in Columbus, Ohio.

Now that we’ve piqued your interest in our fantastic city, it’s time to dive into commercial property investment. Regardless of whether this is your first purchase or tenth, investing in commercial properties for sale comes with a unique set of challenges. So, with that thought in mind, we’ve created a comprehensive guide listing the top 5 tips for beginners, as well as a due diligence checklist, along with a list of pitfalls to avoid during the process. Also, find out what benefits the new tax bill brought to the commercial real estate industry, particularly for Ohio investors; these benefits might motivate you to make that buy decision quicker than you thought!

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4 Important Factors to Consider Before You Buy Land in Ohio

Buy Land in Ohio | ConsiderationsAre you looking to buy land in Ohio? Your first priority is to get organized! When buying land in Ohio for commercial use, especially vacant lots and raw land for sale, it may seem as though there would be less to worry about since you do not need to concern yourself with things such as structures and tenants. However, buying land is a very complex decision, which requires a great deal of thought.

First things first… Determine your basic objectives:

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How to Become a Columbus, Ohio REALTOR: A Step-by-Step Guide

Columbus, Ohio REALTOR | StepsIt’s a great time to become a Columbus, Ohio REALTOR! Did you know that a real estate agent is ranked in the top 20 list for best business jobs and top 100 list for best jobs, in general?

Below you’ll find out the “4-1-1” on joining the Columbus, Ohio real estate industry. Learn the difference between a REALTOR and real estate agent, and how to become a licensed real estate agent. Then decide which path you want to take as a professional!

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