Owning commercial real estate could be a lucrative investment. As the landlord, you own the building, collecting rent from those using the space. Over time, this decision allows for you to work with numerous businesses, collecting revenue regularly. Commercial real estate, though, isn’t always simple, and problems or issues could arise. Because of the vast nature of the problems, it’s essential to have a solid support team to turn to when you have questions or tasks. Have professional relationships and numbers for the following people.
1. An Accountant
Numbers may not be your strength, and you may not understand the various codes and tax laws. An accountant assists in keeping you up-to-date with the financial laws. Also, this expert may run records to observe any trends or issues, offering suggestions on how to improve your bottom line.
2. A Real Estate Lawyer
Have a real estate lawyer Long Island…
Continue reading