Gene Bershtam firmly believes that there’s no investment quite like a real estate investment. Since people will always need space for living, working, selling, and everything else in between, investing in real estate will always be a trend.
For this blog, Gene Bershtam shares the importance and advantages of investing in real estate – specifically, commercial real estate.
• The collateral from commercial real estate likewise is higher than residential real estate. For residential real estate owners, the security deposit presents itself as the buffer. Sometimes, it’s a month’s rent; other times, it’s two months. For commercial real estate, this buffer is dependent on the tenant’s business, which is, at times, more flexible.
• Leases for commercial spaces are often longer than those of residential areas, though not all the time. Having a longer duration for a lease is beneficial for both investors and tenants, providing continuous cash flow for property owners while allowing tenants more time to build their business.
• Many business owners spruce up the spaces they rent. On many occasions, even the exteriors are given a makeover, making the property more aesthetically appealing. Ultimately, a more beautiful property means a higher rate for tenants to come.
• There will always be people looking for places to put up their businesses, which is why commercial real estate properties in strategic locations are seldom, if ever, vacant, Gene Bernshtam adds.
Commercial real estate professional Gene Bernshtam was born in Eastern Europe. He graduated from the Loyola Business School with a degree in finance. His interests include collecting cars, weightlifting, scuba diving, and traveling. For more on Gene and his hobbies, visit this page.
Gene Bernshtam 