May 12th, 2010
There is no doubt the local commercial market has taken a hit. The SW FL commercial market is suffering the consequences over development in the commercial arena combined with an overall economic decline that has affected the majority of the end users of commercial space – the small businessman. The lack of available work and low profit business agreements as a result of the recession has directly impacted commercial property tenants who can no longer afford their rent and have forced landlords to make rent concessions to keep their tenants in place. Some commercial property owners will be able to weather the storm. Others have started or will be forfeiting their properties back to the bank.
All this available commercial property under bank control has provided the savvy investor an opportunity. The foreclosure process for commercial property is just as long as it is for residential property within the state of Florida hovering around 18 months. However, it is my hope that when the properties are forced under bank control that the banks will have learned from the residential real estate crisis and be able to apply what they learned to the commercial market. The banks and commercial investors know that there are many criteria to assess a property on, but the most important is – Will the property make financial sense? This simplistic approach and harsh reality will hopefully allow for a quicker bank release of these properties so they can get them off their books and investors can get these properties functioning again.
To learn more about the commercial sector be sure to check out the recent WSJ article “Cashing in on a Real Estate Boom” on my News & Related Links page at www.ajbrealty.com If you are interested in investing in the commercial marketplace in Southwest FL feel free to call or email AJ Bremerman to discuss your intentions and objectives.
Tags: AJ Bremerman, banks, commercial market, commercial real estate, foreclosure process, investors, recession, Southwest FL, SW FL, www.ajbrealty.com
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December 10th, 2009
What is a “ruralpolitan”? “Ruralpolitan” is the new catch phrase for persons who want to escape the city lifestyle and move to a more rural area where they can practice self sufficiency. In the midst of this economic downturn, individual’s realities have been shaken and fear has unfortunately replaced confidence. People have lost money in the stock market and others have lost their jobs. The basics of life have become more important. Family and food have moved to the top of the list. People are asking how can I provide for my family and make sure they are always taken care of. The answer many are finding is to move to the country where they can plant their own food, nurture their family and have the peace of mind that they are more independent and self sufficient.
Visit www.ajbrealty.com and go to the News and Related Links page to read the WSJ article – Green Acres is the Place to Be. Then visit our Listings page and see what great properties we have that allow for country living close to town.
Tags: AJB Realty, Ruralpolitan, www.ajbrealty.com
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November 18th, 2009
Three important guidelines:
1. Ask yourself; to what extent do I want to be involved with my property? Do you want the property to behave as a passive investment or do you want to remain involved in a limited capacity so you have the peace of mind that your money is working properly for you?
In this economy, Landlords and Associations are looking to cut costs. Under either circumstance above, a good property manager is an important person to have on your team. It is important to remember a property manager can provide an individualized contract to your specific property that will cater to your needs. For instance, if you only want to collect rent checks (the fun part), and have the property manager address all the other tenant issues and maintenance issues than a contract and fee can be designed to meet that arrangement.
2. Is your property manager proactive or reactive? It is important to be honest with your property manager about any potential construction defects or equipment malfunction so he/she can stay in front of any potential issues. A good property manager should be proactive and head off any potential problem. This is the cheapest option in the long run for any landlord and keeps the tenants/residents happy and stress free.
3. Do you trust your property manager? This simple question is paramount. It is important that the owner or association trust their property manager because their responsibilities are extensive, their access to the property is unlimited, and their decisions can have large financial impact to the property and budget.
Please visit www.ajbrealty.com and find out why you can “Trust your keys with AJB.” Also review our Top 10 Reasons to Hire a Property Manager on our Property Management page.
Tags: AJB Realty, AJB Realty and Property Management, Choosing a Property Management Company, Property Management and Real Estate companies in Naples Florida, Property Managers in Naples
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October 20th, 2009
AJ Bremerman
Real estate broker AJ Bremerman was recently featured and quoted in the Gulfshore Business Magazine exclusive article, “Finding the Right Realtor.” The article showcases various real estate professional’s responses to the pertinent questions on the minds of many Southwest Floridians as the 2009 season approaches.
Bremerman is quoted as saying, “People work their entire lives to live here and that makes properties in Southwest Florida an attractive investment opportunity.”
Bremerman serves as Broker for the Naples-based real estate and property management company, AJB Realty & Property Management, LLC. With experience in both the construction industry and commercial real estate, he has a unique insight into many arenas of the market.
Visit the News & Related Links section of www.ajbrealty.com to read the rest of the article to see what AJ has to say.
AJB Realty & Property Management, LLC offers Naples freshest take on relationship-driven honest objective real estate services. “Trust your keys with AJB.”
Tags: AJB Realty, commercial real estate, finding the right realtor, Naples FL property management, Naples FL real estate, Southwest Florida real estate
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