One of the best reasons to hire a Macon property management company is to ensure you don’t have to worry about responding to maintenance issues. Repair work is often time consuming, and having great vendors in place as well as a process for reporting and documenting maintenance is invaluable.
The Bibb County apartment market continued to be active in 2008, albeit considerably slower than 2007. The capital crunch caused lenders to adopt more stringent lending standards or stop completely making loans. The loan to value dropped to 75-80% and actual NOI was used to arrive at the value. The demand for apartment complexes, especially…
Fickling & Co., Inc. is pleased to announce our newest multifamily acquisition, Fieldstone Apartments. Fieldstone is located in Mebane, North Carolina, a second-tier market centrally located between Raleigh/Durham and Greensboro, North Carolina. Fickling and its joint venture partner out of New York closed on the property on June 19, 2007. Fieldstone, our new community, consists…
The second quarter of 2007 ended with total available inventory stable as predicted. However, the choices for products under 10,000 sf have increased. This is attributed to the addition of new development in the area as well as existing space being vacated. The preferred space seems to be Class A with 1000 sf of office…
Buying a home is an exciting adventure, but it can also be a bit overwhelming. It’s easy to make mistakes along the way, but with some foresight, you can avoid the most common ones. Here’s a relaxed guide to help you navigate the process smoothly. Not Getting Pre-Approved for a Mortgage One of the first…
In the twenty-seven some odd years I have been in the commercial real estate business, I have been asked quite frequently how we, in our profession, value property. Things like “How do you value a piece of commercial property?”, “What do you think my property is worth?”, “How do I go about purchasing commercial property?”,…
The media has reported that 2016 is shaping up to be a seller’s market. Whether you are looking to buy or sell a home many industry terms can be quite confusing. Let’s explore the terms buyer’s and seller’s markets. The type of market is defined by the amount of available inventory. Therefore, if a market…
Whether you have or have not rented commercial space, there are several things you need to know. One, there is no standard lease agreement for all commercial properties. Typically, office, retail, and industrial properties have different leases and while there are some similarities they are also vastly different. Two, a commercial lease is a binding…
Nicki L. Pope experience in Commercial Real Estate extends over ten years in the Atlanta and Southeast Region markets. She specializes in commercial management, focusing on operations, leasing, tenant relations and tenant retention programs, construction management and problem solving. Ms. Pope interacts with clients, tenants, brokers, and constructor during complicated situations. Her personal standards, as well…
After attending the Hunter Hotel Investment Conference this March 2009 and hearing the famous economist from Georgia State University Rajeev Dhawan the industry outlook is not pretty. With lenders, franchisors, and industry experts having no answer to when the economy will turn and be positive. The Pain Is Now The PKF-HR March 2009 national forecast…
