Ep 30: How to get the most out of your commercial property in today’s market
You asked. We listened. On the latest episode of Inside Commercial Property with Rethink Investing, co-hosts Phil Tarrant and Scott O’Neill answer some of the biggest questions from avid listeners.
Phil and Scott field through some queries that are on top of commercial real estate investors’ minds, including the pros and cons of developing a commercial property versus buying an existing one in today’s market, how to find the best property manager, and what red and green flags you should look out for when working with one.
The duo also discuss how to turn your roof into revenue with solar panel leasing and unpack why it has the potential to be a great financial opportunity when done right.
With commercial property rents skyrocketing, they also talk about how investors can maximise their revenue on their commercial asset by setting the right rate before touching on when is the best time to buy a commercial property in the next 12 months.
02:20 Is now a good time to invest with the current interest rates?
10:15 Pros and cons of developing vs buying an existing property.
19:20 Does having solar panels add value to your commercial property?
30:00 Working with your commercial property manager.
44:05 Comments on commercial insurance.