Welcome to Financial Genius! Today we will talk about rental business- business for renting premises. This option of earning is interesting because it does not require a lot of time, and in many cases it can be carried out even by private individuals, without registration entrepreneurial activity. What is the specificity rental business how to buy a ready-made rental business, what you need to pay attention to - all this in today's article.
The essence and methods of conducting a rental business.
So, the rental business, in essence, is the same as. We can say that this is more of a passive income option than an active business. Most often, the rental business is associated with, because buying it for the purpose of renting out has a shorter payback period and a higher capitalization ratio, but some entrepreneurs and investors are considering this option for residential real estate.
The business of renting out premises requires activity only at the stage of buying real estate and searching for tenants. This period can also require quite large expenses for advertising company. After that, you can relax and during the term of the lease agreement (or until it is terminated for some reason) simply receive monthly income and fix profits. This makes the rental business very attractive in the eyes of businessmen and private investors. However, as with anything, there are pros and cons here. Let's consider them in more detail.
Rental business, advantages:
– Passivity of doing business;
– Regular receipt of income;
– Possibility to rent out the property as a private person.
Rental business, disadvantages:
– High level of initial costs for the purchase of real estate or a ready-made rental business;
- Real estate can stand idle without tenants and require maintenance costs without generating income;
– Low profitability, long payback period.
A property rental business can be built in two ways:
1. Buy real estate for the purpose of leasing (either in the secondary market or in the primary);
2. Buy a ready-made rental business (that is, a property with existing tenants).
The second option, of course, is more expensive, but it has its advantages, since it immediately protects the investor from the risk of the purchased object being idle.
In addition, the ways of running a rental business can be divided into 2 areas, depending on the type of property that is most often purchased for rent:
1. Street commercial real estate (street retail)- premises on the first floors of buildings overlooking busy streets.
2. Premises in office and shopping centers– separate rooms, pavilions located inside large facilities commercial real estate.
In most cases, street retail premises are preferable for running a rental business, compared to the pavilions of large centers.
Consider what points you should pay attention to in both cases when choosing a property for a rental business.
Rental business in street retail premises.
The name of street retail (literally - street trading) is very conditional, and by no means means that these are only retail premises. They can also be used as offices, to accommodate branches of major firms and corporations, bank branches, etc.
Such premises are in the greatest demand, and therefore are very expensive. At the same time, it is easier for them to find a tenant, and they are more likely to rent out the property for a very long term (several years). To open a rental business of this kind, you will need hundreds of thousands, or even millions of dollars of capital. At the same time, a business investor will receive a fairly liquid asset that brings a fairly solid and fairly stable income.
The advantage of choosing this type of real estate for rental business is that all the costs of maintaining the object ( communal payments etc.) here can be easily shifted to the tenant, most often this is exactly what happens.
The cost of renting street retail real estate can vary greatly depending on the type of tenant. Find the “most expensive type” tenant (bank, jewelry store, financial company etc.) is often not easy, so a businessman has to choose between renting out property cheaper (and this, let me remind you, this is a long-term lease) or continue searching without receiving any income. This choice is often very difficult to make.
What to look for when choosing a property for rent? Of course, the main point for the rental business is the optimal combination of real estate price and potential rental value. In addition, it is necessary to choose objects that will really be in demand. To do this, pay attention to the following points:
- The room should be located on the first floor of the building, in extreme cases - in the basement;
- The room must have access to a busy street;
– Preferably located on the right side of the main traffic;
– Around the object there should not be empty premises-competitors;
– The possibility of dividing the premises into several parts for leasing to different tenants.
Rental business in the premises of shopping and office centers.
This option of choosing a property for rent business will do investors who do not have sufficient capital to choose the first option. Such assets, of course, lose in quality, but win in value.
Here, various disagreements may arise between the co-owners of real estate on the use of common areas (parking, halls, communications, technical premises, etc.). Even if these disagreements do not specifically affect you, they can affect the fall in the value of the premises you purchased, and the cost of renting it. In addition, the owner of the commercial center itself can change at any time, or the current owner can change its policy towards co-owners of real estate. This is also a significant disadvantage of running a rental business in large centers.
But there are also advantages: when choosing this type of premises, you will not have to deal with utilities, service organizations and pay land tax (this will be done by the owner of the center)
When choosing an object for a rental business in a shopping or office center, you should pay attention to the following points:
- The commercial center should have a convenient location, convenient transport interchange and high attendance;
– The specifics of the center should meet your requirements and preferences in the choice of tenants;
– Adjacent premises must be occupied by tenants (the risk is that such occupancy may be intermittent);
- The room should be located near the entrance to the center.
Another alternative to running a rental business, which is suitable for entrepreneurs who do not have large capital, can be investments in rental business-oriented businesses.
Let's summarize. The rental business is a very attractive option for passive investors with large capital. It does not provide high profitability and profitability, but it can be considered relatively reliable. The ideal option for running a rental business is to buy a street retail property, there are also options for buying a ready-made rental business to reduce risks. The success of the rental business is 90% dependent on right choice object/objects of real estate, therefore, to this issue it is worth approaching as responsibly and thoughtfully as possible, without making hasty decisions.
That's all. You have gained some idea of what the rental business is, what are its characteristics, and you can conclude whether this line of business is right for you. Until we meet again on the site, where you can learn about various promising ways of earning and investing.
How to save and increase your savings in conditions when the ruble exchange rate is unpredictable? The most understandable and reliable way is the acquisition of real estate. As a rule, people buy apartments. However, the yield on rental housing today may be even lower than the modest rates on bank deposits. It's time to turn your attention to commercial real estate.
Start-up capital
If you think that investing is an occupation exclusively for people whose fortune is expressed in numbers that go to infinity, then you are mistaken. In fact, an investor is any person who invests in a particular project in order to make a profit. If you rent out an apartment inherited from your grandmother, in essence you are also an investor. Although not particularly successful, since you get a small income.
Starting capital for investments in commercial real estate is comparable to funds for the purchase of housing, says Denis Kolokolnikov, Chairman of the Board of Directors of RRG, Chairman of the Expert Council for Redevelopment of the Russian State Guidance Department. For example, for 7 million rubles you can buy a one-room apartment in Moscow or several office blocks in an administrative building, class B or C business center. If you find an apartment in the housing market that costs less than 140-150 thousand rubles per sq. m is almost impossible, then office space is sold at a price of 90-100 thousand rubles per sq. m. m, the expert explains.
Even having an amount of 3 million rubles, you can buy an office block with an area of 20-30 square meters. m
By purchasing commercial premises, the investor receives rental income at least one and a half times higher than the income from renting an apartment, experts told CIAN. For example, Denis Kolokolnikov explains, for 7 million rubles you bought a kopeck piece in the capital with an area of 50 sq.m. Today it can be rented out for a maximum of 45-50 thousand rubles per month. Premises of the same area for commercial purposes can bring the investor at least 75 thousand rubles.
“This price difference is not only due to high demand. Residential real estate is rented as a separate object (apartment), and the cost of renting commercial real estate is calculated for 1 sq. m per year. Rates for commercial premises with a favorable location can reach up to 300 thousand rubles per sq. m. m,” explains Gasan Arkhulaev, managing partner of GR ProJect Group.
Benefits of investing in commercial real estate
- High yield - from 8 to 12% per annum, depending on the input conditions and the rental rate. This is twice the rates on bank deposits.
- Getting income is stable and does not require much effort from the investor. Repairs are made by the tenants themselves, brokers rent out space, insure the premises Insurance Company at the expense of the tenant.
Anton Belykh, CEO consulting company DNA Realty
Costs and risks
Meanwhile, the process of acquiring and maintaining commercial real estate requires b about more effort and material costs compared to buying a home. The owner of commercial real estate will not be able to avoid paying taxes (unlike some unscrupulous owners of rented housing). Most often, the problem is solved by creating an individual entrepreneur, and the owner of the commercial premises pays 6% from turnover.
Certain costs may be required for brokerage services ( from 50% to 100% of the rental rate per month) if the investor decides to entrust the search for a tenant to agents.
An accountant is needed to service payments. As a rule, freelancers are used for this, their services are inexpensive.
Irina Berbeneva, head of the V Krylatskoye office of the MIEL-Network of Real Estate Offices, recalls: if an investor decides to buy a residential building (for example, an apartment on the ground floor), it will have to be non-residential, these costs must also be taken into account. The costs will be from 500,000 thousand rubles and more.
According to Anton Konovalov, director of the retail real estate department at Penny Lane Realty, the main risk for the owner of commercial premises is the tenant's congress and a long search for a new one. However, as a rule, the agreement prescribes conditions according to which the tenant must notify the owner of the termination of the lease in advance. The term is negotiated by both parties.
Right choice
Usually, the search for a suitable room takes from two months to six months.
The level of profitability directly depends on the location. Gasan Arkhulaev, managing partner of GR ProJect Group, emphasizes that the location of the facility on the first line in high traffic areas and good visual accessibility are the most important conditions for most commercial real estate formats - from cafes and restaurants to grocery stores.
When choosing a room, it is necessary to check the quality of the walls, enclosing structures, drainage, inspect the basement (it is important that there are no signs of flooding). The fewer corners and columns in the room, the better.
The ideal layout is a rectangle. If the tenant needs partitions, he will build them himself during the renovation.
The level of investment and profitability of real estate in Moscow
Investments | Residential Properties | Income | commercial real estate | Income |
3 million rubles | Studio up to 16 sq. m | office block in class B business center with an area of up to 30 sq. m | ||
7-8 million rubles | One-two-room apartment | Office blocks with a total area of 70-80 sq. m; commercial premises up to 50 sq. m in a house under construction | ||
10-15 million rubles | Two-, three-room apartment | Commercial premises on the ground floors with a separate entrance and a good location. |
Commercial real estate includes non-residential premises that can be used for commercial purposes. Lawyers distinguish several groups of commercial real estate:
If a novice entrepreneur decides to do business, first of all, it is necessary to qualitatively prepare the premises for operation by tenants. If necessary, repairs should be made modern standards, connect the necessary communications, and much more.
How to file a case?
Such a step as registration of a rental business (Federal Tax Service) is perhaps the most important. Exact solutions for organizational form depend on the line of business. In other words, if a citizen rents out non-residential premises, he is obliged to pay income tax.
It is recommended to apply for IP status ( individual entrepreneur) owing to which a person will acquire the right to conduct activities on a completely legal grounds. Due to the fact that the profit from the delivery of commercial real estate will be small, according to the law, a citizen has the right to issue a simplified form of taxation. It provides for the payment of taxes in the amount of 6% of total income.
- Copy of the founder's passport.
- TIN (individual taxpayer number) of the founder.
- Application authorized capital from 10 000 rub. When submitting an appropriate application for registration of IP, a bank statement is provided, where it is necessary to open an account.
- Formation of the company's charter. According to this documentation, the distribution of parts between the owners (if there are several), the official name of the company, its legal address will be carried out.
- Minutes of the meeting of the founder (in the event that there are several of them).
- The decision to form an LLC (a society with limited opportunities).
The term for issuing an IP is from 3 to 5 working days. It will take no more than 14 days from the date of application for registration and registration of LLC status.
We divide the rental area into parts
Not all clients are ready for an office space: most need a certain part of it. So, for example, a bar-restaurant or a game club can be placed in a hotel lobby. At the same time, both institutions are owned by different persons.
To multiple tenants, you need to share the premises. Separation - the termination of the existence of a single object and its division into several separate objects, each of which will receive a unique cadastral number and separate documents for the right to possess. According to the law Russian Federation, such objects become newly created, as a result of which, according to Article 219 of the Civil Code of the Russian Federation, the owner receives the rights to dispose of them only after official registration.
Article 219 of the Civil Code of the Russian Federation. The emergence of ownership of newly created real estate
Ownership of buildings, structures and other newly created immovable property subject to state registration arises from the moment of such registration.
According to the legislative regulations of the Russian Federation, the division of an immovable object is permissible if one of the grounds exists:
- The consent of all owners of real estate to its division and certification in writing by a notary.
- The intervention of the judiciary.
Before competently dividing the existing commercial real estate into parts and renting them out, the right holder is obliged to organize technical and cadastral registration of the premises, as well as officially register the right to manage it. After registering the necessary part of the object for himself and registering the contract with Rosreestr, he will be able to lease it.
To divide the existing commercial real estate into parts, the owners will need the following documents:
The owner will be able to purchase cadastral documents after applying to authorized bodies and put the object on the cadastral register. Since 2012 to install the premises for cadastral registration, you will need a detailed scheme-plan of the building, which can be compiled by a highly qualified engineer.
It is worth noting that when dividing commercial real estate, several technical plans must be provided. Registration of the document takes place within 18 days from the date of their submission. After this period, the customer must contact the cadastral center and receive documents (including a cadastral passport). In case of refusal of registration, civil servants provide reasonable confirmation in writing.
After receiving the cadastral documents, you must also obtain a certificate of ownership for each part of the premises. An important and only document confirming property rights is a cadastral passport. It contains detailed information about the real estate section and a technical plan drawn up in accordance with the updated data.
You can invest in real estate different ways and scale: buy and resell apartments, rent out premises or open a real estate agency.
It should be noted that not every average Russian citizen such a way of earning is available - multi-million dollar investments are required. Therefore, they have and invest such large financial resources commercial companies. Their privilege is to receive a loan for a project. Individual can also start a real estate business only if they have the necessary start - up capital .
Important! Acquisition of housing during the period of growth on it guarantees the investor a multiple payback when reselling it - by 10-15%. For the most part, this applies to those citizens who invested large material savings in this area in the 80-90s. XX century.
Until 2020, the hype effect should not be expected - Russian market real estate has stagnated in a phase of decline.
Calculation of possible profit, payback period and profitability level
The scheme for calculating the possible profit from the rental of real estate:
Evaluation of the attractiveness of the rental business is not a super task. For a correct calculation, it is enough to compare rental income with the value of real estate - in the end, you will get the payback period of the business, which is the main criterion for business in this area. Standard payback periods for commercial real estate range from 9 to 12 years. It is difficult to find immovable objects with a payback period of 7-8 years.
The best investment option is to buy real estate in new buildings. A less expensive option would be to purchase premises at the excavation stage. Thus, the savings will be at least 30%.
Nevertheless, there are a lot of certain risks in the system of shared construction. At an early stage, their probability is huge. To reduce possible risks, you should choose developers with excellent experience and a proven track record.
Where to get start-up capital?
Every citizen can receive start-up capital for business development. There are several ways to fund and find sponsors.
You can get start-up capital for starting a business in a bank. The method is effective and popular. However, there is a huge drawback - the risk. If things do not go in the right direction, then, in addition to a significant loss, the novice businessman will also receive a large cash debt. It is worth noting that Sberbank and Tinkoff provide a loan to start a business.
Reference! Government structures that support small businesses can become a source of start-up capital. According to the federal self-employment system, unemployed citizens can apply for a subsidy in the amount of 60,000 rubles.
Advantages and disadvantages
Renting is the only type of business that carries legal passive income.
Minuses:
- It is important to understand that income depends directly on the activities of tenants. It is necessary to control their activities, to ensure that the premises remain in good condition.
- Under the provisions of the Ministry of Finance, the landlord is obliged to pay taxes in the amount of 15 to 17% of the amount received from the rent.
- Inconstancy of tenants. A break in the agreement can occur even when an official one is concluded, as a result of which the income traffic will temporarily stop, and the landlord will have to.
- The presence of responsible tenants in business becomes a high-class and sought-after product that can be sold at any time and get a profitable financial condition.
- The annual rent increase contributes to the successful prosperity and development of the business.
In the absence of experience in entrepreneurial business, it is recommended to acquire a working ready business . The main advantage of this case is the conclusion of a contract with tenants interested in extending the contract with a new partner.
Conclusion
Thus, the real estate rental business is an excellent source of passive income. Nevertheless, this area has its own pitfalls: assessment of all kinds of risks, paperwork, start-up capital, etc. Proper organization of the business contributes to its active and favorable development.
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The rental business has been and remains popular for many years, as many people are unable to purchase a home, and companies seek to reduce the level of one-time investment in development activities. The range of objects that can be rented out is constantly growing: this moment you can even rent out things such as roller skates, skis, etc. - everything that is not in constant demand, but is an object of seasonal use.
However, the most common option is still to rent a property. In order to receive a certain income from the provision of a particular room for rent, it is necessary to take into account a number of nuances that will be discussed in this article.
It must be understood that real estate is usually classified into 3 groups − land, housing and non-residential premises. The most common types of services in this market are the provision of rental housing and non-residential premises.
Among the non-residential, commercial real estate is usually rented. At the same time, all authoritative analytical agencies distinguish the following varieties of it:
- office rooms;
- trading;
- warehouse;
- industrial.
In addition, some organizations rent separate view premises - the category "for special purposes". Buildings are allocated here for kindergartens, schools, hospitals, churches, etc.
In addition to real estate, you can rent out land, gazebos, equipment, cars, special equipment, inventory and much more. However, this is a rarer and more complex form of business.
What is the most beneficial?
If we talk about residential real estate, the average cost of a one-room apartment 10-15 minutes from the metro in a residential area in Moscow will cost 5-6.5 million rubles. At the same time, the average rental rate for such rooms is about 25-30 thousand rubles. As a result, when calculating, it can be obtained that the minimum payback period for a one-room apartment will be about 15 years.
Accordingly, this option cannot be called very profitable in terms of investment: the only case in which it can really pay off is when housing is inherited.
If we talk about office premises, they are somewhat more expensive than residential ones, since their location should be in more passable places, and their area is higher. In Moscow, a small office space will cost 6.5-7.5 million rubles, provided that the area is about 60-70 square meters. In this case, the rental rate in this case will be considered for 1 square meter.
According to the Knight Frank agency, at the end of 2015 the rental rate for class A offices was about 25 thousand rubles, and for class B office space - about 15 thousand rubles a year. Accordingly, the maximum payback period will be about 8 years old.
It is even more profitable to rent retail premises than office premises - their payback period is 5-6 years. But there is an important limitation here: for such real estate, one of the key factors is the location. The premises should be located in the central area, in a place with a high level of traffic. Finally, it must be of high quality.
In general, commercial real estate loses to residential in only one parameter: the level of risk, since it is dependent on the economic situation in the country and in a particular city.
For information on where to start and how to develop such an activity, see the following video:
How to organize such a business from scratch?
- First of all, you need to find a suitable place for renting. In the case of receiving living space as an inheritance, the procedure will begin with the execution of documents confirming that the entrepreneur is the owner of the housing.
- In a situation of searching for a ready-made premises, it is best to contact the services professional agencies, which will help assess the real value of housing or commercial real estate: an inexperienced businessman can easily miscalculate.
- Next, you need to complete the necessary documentation for the property. If this is commercial real estate and it is planned to lease it to special organizations (for example, those working in the field of Catering), you need to take care of obtaining additional permits and conclusions of some services.
- After completing the primary documentation, it is necessary to carry out redevelopment and repairs: in the case of residential real estate, it is important to purchase a certain set of furniture and household appliances, since apartments that can be lived in immediately after settlement can be offered at a higher cost. In the case of commercial real estate, it is important to focus on increasing free space and the possibility of subsequent redevelopment according to the needs of the client.
AT Russian practice many people rent residential real estate without concluding a contract - this allows you to get rid of the personal income tax in the amount of 13% and reduce the payback period. However, this comes with certain risks - in particular, those associated with the unreliability of customers. Therefore, both in the case of non-residential and in the case of residential real estate, it is necessary to formalize the relationship with the tenant.
Where to look for clients?
Search for customers through standard advertising options (posting ads in public places or printed publications) is not effective within the rental business. Advertising can be done through social networks(this is especially true for the situation of renting residential real estate) - here the effect of "word of mouth" will work.
In addition, placement on thematic sites and forums is suitable. For commercial premises, especially those located in shopping centers, it is possible to put up a "for rent" ad with the owner's phone number. This will widen the circle potential clients to all visitors to the mall.
Finally, there are 2 more effective ways to find customers - maintaining a thematic site or blog with unobtrusive advertising of services as a landlord, as well as distributing brochures and business cards.
Necessary costs
If an entrepreneur is going to engage in such a business, he must understand that among the main cost items it is necessary to include remodeling costs: in this case, customers are ready to conclude lease agreements at much higher rates (the difference can be up to one and a half times). This is because after redevelopment, the percentage of usable area most often grows, in addition, the room can be changed to fit your own needs.
Among the costs, it is also necessary to highlight:
- The cost of building or acquiring premises.
- The cost of the services of a specialist who can assess the market price of real estate.
- Expenses for the maintenance and security of the premises.
- Costs for electricity, water supply, etc.
Underwater rocks
One of the pitfalls is to determine the optimal investment of money. Often, inexperienced entrepreneurs incorrectly assess the value of a particular premises, thereby investing in illiquid objects, losing a large amount of money.
In addition, it is important to pay attention to the legality of the business, changes in legislation and the process of paperwork (primarily for commercial real estate).
Please note that the tax legislation in the field of rental business is constantly changing.
When calculating costs and the payback level, it is necessary to determine several development options - optimistic, most realistic and pessimistic in order to determine the approximate payback period of the object, as well as the fact how to diversify risks. It is imperative to have other sources of income in order to insure yourself against a situation of lack of money.
Pros and cons of this area
Such a business, like others, has a number of advantages and disadvantages that follow from its features. Among the minuses, the main one can be distinguished - the search for a tenant can stretch for many months (this primarily concerns industrial facilities and commercial real estate in impassable places). As a result, even a high rental price will not be able to compensate for the financial costs that the lessor will have to bear during the entire period of downtime.
Also among the shortcomings should be highlighted:
- sufficiently long payback period;
- not really high level profitability;
- high start-up costs.
In this situation, the only rational way out is the acquisition of liquid property (one for which there is always a certain level of demand). To do this, it is important to be well versed in this area or to contact the services of a specialist.
Business benefits include:
- long-term contracts for a period of one year or more;
- stable level of profit;
- income will be received by the landlord constantly;
- passive nature of making a profit (the landlord does not need to expend any effort after signing an agreement with the tenant);
- the possibility of organizing a business without registering as a legal entity.
Thus, the rental business is quite an attractive area for earning money. However, it is best to combine it with other sources of income in order to insure yourself against possible risks.
Leasing commercial real estate is one of the most profitable types of business and is almost always in demand. Lots of small firms and start-up entrepreneurs are looking for office space for their own placement and organization of their business. Their desire to purchase a roof over their heads, and for relatively little money, allows them to receive a steady income from renting space. In addition to small entrepreneurs, often the premises can be easily rented out for small shops, where the former owners of small kiosks and trading places in industrial markets are increasingly forced to leave.
A striking example of the success of the commercial real estate rental business can be numerous office buildings, stuffed to overflowing with small firms.
The attractiveness of this direction lies also in the fact that its organization usually requires only initial investments, and all current costs can be passed on to customers. Naturally, to create such a business, you must have a suitable property.
For the reliability of the enterprise, it is desirable to acquire such an object in the property, so as not to depend on the whim of its owner.
However, in case of a shortage of funds, it is possible to rent a building, subject to the right to sublease its premises. It is often more profitable for the owners of a building to rent it out as a whole than to painstakingly look for many small tenants and formalize relations with them. This is all true, but still, a decrease in the share of profits significantly affects the overall profitability of the project, so the acquisition of a building as a property is always a priority compared to renting, and carries fewer risks for the entrepreneur.
It is absolutely not necessary to choose real estate objects in the city center, where their cost exceeds all conceivable limits.
It is often much more profitable to buy a building or premises on the outskirts of the city or somewhere in a residential area, which will require a much lower level of investment.
The only important condition in the selection of real estate objects is the availability of public transport stops nearby.
A good option for acquiring such an object is the old abandoned buildings of the ruined industrial enterprises, offices shopping centers. The worse the technical condition of the building, the cheaper it can be purchased, which is what many entrepreneurs who earn money by renting out commercial real estate use. On the other hand, if there are sufficient funds, sometimes it is easier to build a new building, planning its space for rent in advance.
When repairing an old premises or equipping a new one, it is necessary to take into account the peculiarities of the delivery of commercial real estate.
Since the premises of the office building will be rented out to different tenants, it is necessary to provide for a separate supply of communications and the possibility of disconnecting any premises from heating and electricity in order to avoid unnecessary expenses for empty areas. In addition, it is desirable to pre-design common areas, toilets, eating areas, locations for shared office equipment. This will create comfortable conditions for the work of small businesses and increase the attractiveness of real estate. As a rule, tenants do not have special requirements for interior decoration, so repairs and decoration can be done using cheap building materials. This reduces the amount of investment needed.
Particular attention should be paid to the connection of modern communications, especially high-speed Internet, as well as the organization of wi-fi.
Moreover, among the tenants it is advantageous to have an accounting firm, as well as a firm offering office services: photocopying, printing texts, and so on. This makes it possible to provide tenants with the necessary office services and fully fill all the leased premises. You can also use common areas, lobby of an office building, allowing tenants to place advertising products in them, installing special advertising structures for this.
An excellent addition, in terms of technical equipment, is also the connection of a mini-automatic telephone exchange and the provision of city telephone numbers to tenants, which will help to secure permanent tenants in the allotted places.
When organizing a business for the delivery of office real estate, it is necessary to pay special attention to the legally correct execution of contracts, the possibility of recovering losses from unscrupulous tenants. The efficiency of renting office real estate is confirmed by experts who estimate the growth in rental rates by about 10% per year. Experience shows that it is possible to recoup investments in the creation of an office real estate center in 2-3 years.
Naturally, for the proper organization of a business, it is necessary, the order of which can be made on our website.
