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Ep. 33 - Commercial Real Estate Acquisitions with Jeremiah Boucher Part II
Manage episode 362201689 series 3344598
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One of the most important ways to maximize profits in real estate is to increase rents. This can be done by researching the local market and understanding what the average rents are for similar properties. It is also important to understand what the competition is charging and adjust your rates accordingly. This will ensure that you are able to maximize your profits and remain competitive.
Another way to increase rents is to make improvements to the property. This could include anything from renovating the interior to adding amenities such as a pool or a gym. By making improvements to the property, you can increase the value of the property and thus increase the rent you can charge. It is important to remember, however, that it is important to maintain a balance between the cost of the improvements and the amount of rent you can charge.
Finally, it is important to keep an eye on the market and adjust your rental rates accordingly. If the market is increasing, you may want to consider increasing your rents. On the other hand, if the market is decreasing, you may want to consider decreasing your rents. By staying up to date on the market, you can maximize your profits and remain competitive.
Increasing rents is an important way to maximize profits in real estate. By researching the local market, making improvements to the property, and staying up to date on the market, you can increase your profits and remain competitive. Grisani and his partner have done an excellent job of setting clear goals, researching what successful people do, and investing in assets that require less day-to-day maintenance. Listen in as Marty Grizzanti talks to Jeremiah Boucher about how you can maximize your profits and remain competitive.
Episode Highlights:
(03:25) Going big in real estate.
(05:16) Drawn to self-storage.
(07:43) Going harder on commercial.
(11:41) Investing in self-storage facilities.
(15:21) Finding profitable storage unit markets.
(18:01) Maximizing Internal Rate of Return.
(21:19) VA's and facility square footage.
(24:30) Transitioning to Commercial Real Estate.
(30:49) Buying self-storage properties.
(31:18) Total cost of the debt.
(34:42) Analyzing Investment Property Value.
(37:49) Filtering potential leads.
(40:33) Investing in commercial real estate.
(45:37) Real estate investing commitment.
(46:44) Cold calling for sales.
(50:11) Selling real estate for profit.
(53:06) Liquidating assets.
Connect with Marty!
Website
https://www.webuyhomesroc.com/
https://www.facebook.com/mjgrizzanti
YouTube
Connect with Jeremiah Boucher
https://www.linkedin.com/in/jeremiah-boucher/
Website:
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