Investing in any real estate venture should always be done with careful consideration and reasoning. In Austin, Latipac Commercial, Inc. helps entrepreneurs make the most informed decision possible by providing the latest listings and personalized insight into the Texas real estate market.
Most people make their first real estate investment in their own home. When they are ready to move up, many prefer to keep their first home as a rental property even as depreciation hurts their chances for a resale. For others, investing their equity into commercial ventures means bigger payoffs and more financial growth.
There are a number of factors that make investing commercially more lucrative:
- A commercial property generates 50% to 200% more rental income compared to residential properties in certain parts of the Texas. In many places, rent control laws pertain only to residential properties, allowing commercial landlords more flexibility in rental agreements.
- Leases for commercial real estate generally give the landlord more rights compared to residential leases. Outside of rent, tenants also pay the property taxes, insurance and all maintenance expenses of the property - which are some of the biggest expenditures a residential landlord usually faces.
- Tenants of commercial properties are generally more financially stable and of a higher caliber than residential property. While vigorous screening is recommend no matter the property, tenants of commercial properties will secure their lease with tangible assets, which allows them to be sold if the tenant chooses to leave.
Throughout Austin and Houston, Latipac Commercial, Inc. offers a number of commercial properties to consider for your investment. Join the growing number of real estate investors in Texas’s growing commercial market. Visit their website and call (512) 633-2825 to find the latest listings today!