In investing and property circles, many commentators talk of the many benefits to being a commercial landlord. Commercial landlords rent out property to businesses, such as shops, offices and more. It is true that there are many benefits to becoming a commercial landlord.
For example, when compared to other types of real estate investment, it is a lot easier than other forms as there is less upkeep. It is a highly profitable, long-term investment and often is a great addition to a diversified investment portfolio. However, there are some downsides to being a commercial landlord – here is everything you need to know before you start investing.
Although there are less costs within the property in terms of interior design and staging a home (like in private real estate) there are lots of ongoing costs when it comes to being a landlord for a commercial property. For example, general maintenance and repairs costs can be high, especially if you rent out a factory. You also may have to hire a property management company, depending on the type of commercial real estate you have. If you’re worried about your duties and responsibilities when it comes to upkeep, definitely consider …