by Prince Licaylicay | Apr 22, 2020 | All Articles, Buying, Investing, Leasing
Here are some tips on finding the right contractor for your project from our friends at Belmontez Construction. Always, always, always work with a licensed & insured General Contractor. Having a licensed contractor benefits both the client & the General Contractor. A licensed contractor offers liability insurance to protect the client & the project. Now don’t get us wrong, just because a contractor has a license & insurance does not necessarily mean they are the right fit for you.
You need to TRUST your contractor and have open communication to ensure all your questions are being answered to your expectations. Don’t forget about the office staff also. The office staff are also key players & work behind the scenes to ensure the project runs smoothly, varying from the coordinating of the project, proper accounting & supervision.
What to Ask When Finding the Right Contractor for Your Project
- State license number… verify the license is active & in good standing with no outstanding or open claims
- Ask how long in business
- A Certificate of Insurance
- List of references
- Guarantee of work
Those are some key items to keep you safe!
Download Our Brochure Here (PDF)
For most construction projects City permits are required
Why you ask? Permits are in place to protect the client and ensure all workmanship is done in accordance to building codes. With all that being said, Belmontez Construction is here to help you with your next business venture! Give us a call and Remember, The Road To Success Is Always Under Construction!
Belmontez Construction
9299 W Olive Ave #505, Peoria AZ 85345
Website: www.belmontez.net
Office: 623.466.9596
Owner: Agustin Belmontez
623.330.3323 | a@belmontez.net
Sales: Jim Zapien
623.230.9189 | field@belmontez.net
Even after outlining all the information above, investing in CRE can still seem daunting. That’s why the Leveraged CRE Investment Team at Commercial Properties, Inc. is here to help you achieve your investment goals. Contact us at (480) 330-8897 or send us an email at request@leveragedcre.com.
Need help on how to get started investing in commercial real estate? We got you covered! We prepared a free e-book that will serve as your guide to achieve your long-term business goals or obtain that property you’ve always been dreaming of!
Phill Tomlinson is a commercial real estate broker with Commercial Properties, Inc. (CPI) in Scottsdale, Arizona, and owner of the Leveraged CRE Investment Team specializing in investment sales and tenant/landlord representation in the Phoenix and Scottsdale submarkets. Phill applies over 21 years of experience in the Real Estate industry helping investors and owners maximize their returns.
Bookmark www.leveragedcre.com to learn more about the Commercial Real Estate market and keep informed of relevant real estate strategies designed to maximize your income property investment results. Connect and follow Phill on Social Media at sm.leveragedcre.com/smplatform. #LeveragedCRE
by Phill Tomlinson | Apr 20, 2020 | Blog
Are you a commercial tenant struggling to pay rent and need to know your options? Attached is an article showing 5 proven ways to reduce your rent expenses during crisis events like COVID-19.nnClick the PDF Link below to get access to the FREE Email Templates…nnDownload Printable Article (PDF) >>nn(1) Rent DefermentnnThis is when a landlord allows tenant to skip paying an entire or partial amount of the rent due. Your landlord may ask for the following:n• Updated financials: P & L, Balance Sheet, etcn• Something showing financial impact from COVID-19n• Explanation letter of what will happen if the deferment does not take placenn(2) Renegotiation (Blend-and-Extend)nnWhen a landlord lowers your monthly rent by you signing a longer lease and amortizing the rent difference over the new term of the leasenn(3) Substitution of PremisesnnWhen a landlord allows you to move to a different space in their portfolio that is smaller or lower priced than the current one you are occupyingnn(4) RelocationnnIf you are on a month-to-month lease or your landlord will allow you to break your lease early, you can relocate to a more affordable propertynn(5) SubleasennIf you have excess space, you can hire a broker like myself to find you a subtenant to rent a portion of your space. This helps you generate more income and lower your rental expense. We can also help you sublease your entire space.nn
nnEven after outlining all the information above, investing in CRE can still seem daunting. That’s why the Leveraged CRE Investment Team at Commercial Properties, Inc. is here to help you achieve your investment goals. Contact us at (480) 330-8897 or send us an email at request@leveragedcre.com.nn nnNeed help on how to get started investing in commercial real estate? We got you covered! We prepared a free e-book that will serve as your guide to achieve your long-term business goals or obtain that property you’ve always been dreaming of!nnn nnPhill Tomlinson is a commercial real estate broker with Commercial Properties, Inc. (CPI) in Scottsdale, Arizona, and owner of the Leveraged CRE Investment Team specializing in investment sales and tenant/landlord representation in the Phoenix and Scottsdale submarkets. Phill applies over 21 years of experience in the Real Estate industry helping investors and owners maximize their returns. nn nnBookmark www.leveragedcre.com to learn more about the Commercial Real Estate market and keep informed of relevant real estate strategies designed to maximize your income property investment results. Connect and follow Phill on Social Media at sm.leveragedcre.com/smplatform. #LeveragedCREnn
by Prince Licaylicay | Apr 20, 2020 | All Articles, Leasing
Are you a commercial tenant struggling to pay rent and need to know your options? Attached is an article showing 5 proven ways to reduce your rent expenses during crisis events like COVID-19.
Click the PDF Link below to get access to the FREE Email Templates…
Download Printable Article (PDF) >>
(1) Rent Deferment
This is when a landlord allows tenant to skip paying an entire or partial amount of the rent due. Your landlord may ask for the following:
• Updated financials: P & L, Balance Sheet, etc
• Something showing financial impact from COVID-19
• Explanation letter of what will happen if the deferment does not take place
(2) Renegotiation (Blend-and-Extend)
When a landlord lowers your monthly rent by you signing a longer lease and amortizing the rent difference over the new term of the lease
(3) Substitution of Premises
When a landlord allows you to move to a different space in their portfolio that is smaller or lower priced than the current one you are occupying
(4) Relocation
If you are on a month-to-month lease or your landlord will allow you to break your lease early, you can relocate to a more affordable property
(5) Sublease
If you have excess space, you can hire a broker like myself to find you a subtenant to rent a portion of your space. This helps you generate more income and lower your rental expense. We can also help you sublease your entire space.
Even after outlining all the information above, investing in CRE can still seem daunting. That’s why the Leveraged CRE Investment Team at Commercial Properties, Inc. is here to help you achieve your investment goals. Contact us at (480) 330-8897 or send us an email at request@leveragedcre.com.
Need help on how to get started investing in commercial real estate? We got you covered! We prepared a free e-book that will serve as your guide to achieve your long-term business goals or obtain that property you’ve always been dreaming of!
Phill Tomlinson is a commercial real estate broker with Commercial Properties, Inc. (CPI) in Scottsdale, Arizona, and owner of the Leveraged CRE Investment Team specializing in investment sales and tenant/landlord representation in the Phoenix and Scottsdale submarkets. Phill applies over 21 years of experience in the Real Estate industry helping investors and owners maximize their returns.
Bookmark www.leveragedcre.com to learn more about the Commercial Real Estate market and keep informed of relevant real estate strategies designed to maximize your income property investment results. Connect and follow Phill on Social Media at sm.leveragedcre.com/smplatform. #LeveragedCRE
by Phill Tomlinson | Apr 16, 2020 | Blog
The IRS has extended the deadlines for 1031 tax deferred exchanges. On April 9, 2020, the IRS issued Notice 2020-23 which provides that taxpayers have until July 15th, 2020 to perform all Specified Time-Sensitive Actions, that are due to be performed on or after April 1st and before July 15th, 2020.nnDownload Printable Article (PDF) >>nnAccordingly, for taxpayers currently in the midst of a 1031 exchange transaction, if either your 45th-day or 180th-day falls between April 1st and July 15th, that date will now be extended until July 15th.nnExchangers that will benefit from an extension of the 45-day deadline are those that closed, or will close, on their relinquished property between February 16th and May 31st.nnExchangers that will benefit from an extension of the 180-day deadline are those that closed on their relinquished property between October 4th, 2019 and January 17th, 2020.nnIf you believe Notice 2020-23 applies to your situation and impacts your deadlines for 1031 exchanges, please be sure to review this Notice with your CPA or other tax advisor for further guidance. This Notice may be reviewed at the IRS website HERE.nn
nnEven after outlining all the information above, investing in CRE can still seem daunting. That’s why the Leveraged CRE Investment Team at Commercial Properties, Inc. is here to help you achieve your investment goals. Contact us at (480) 330-8897 or send us an email at request@leveragedcre.com.nn nnNeed help on your 1031 Exchange? We got you covered! We prepared a free e-book that will serve as your guide to achieve your long-term business goals or obtain that property you’ve always been dreaming of!n
nn nnPhill Tomlinson is a commercial real estate broker with Commercial Properties, Inc. (CPI) in Scottsdale, Arizona, and owner of the Leveraged CRE Investment Team specializing in investment sales and tenant/landlord representation in the Phoenix and Scottsdale submarkets. Phill applies over 21 years of experience in the Real Estate industry helping investors and owners maximize their returns. nn nnBookmark www.leveragedcre.com to learn more about the Commercial Real Estate market and keep informed of relevant real estate strategies designed to maximize your income property investment results. Connect and follow Phill on Social Media at sm.leveragedcre.com/smplatform. #LeveragedCREnn
by Prince Licaylicay | Apr 16, 2020 | 1031 Exchange, All Articles, Investing
The IRS has extended the deadlines for 1031 tax deferred exchanges. On April 9, 2020, the IRS issued Notice 2020-23 which provides that taxpayers have until July 15th, 2020 to perform all Specified Time-Sensitive Actions, that are due to be performed on or after April 1st and before July 15th, 2020.
Download Printable Article (PDF) >>
Accordingly, for taxpayers currently in the midst of a 1031 exchange transaction, if either your 45th-day or 180th-day falls between April 1st and July 15th, that date will now be extended until July 15th.
Exchangers that will benefit from an extension of the 45-day deadline are those that closed, or will close, on their relinquished property between February 16th and May 31st.
Exchangers that will benefit from an extension of the 180-day deadline are those that closed on their relinquished property between October 4th, 2019 and January 17th, 2020.
If you believe Notice 2020-23 applies to your situation and impacts your deadlines for 1031 exchanges, please be sure to review this Notice with your CPA or other tax advisor for further guidance. This Notice may be reviewed at the IRS website HERE.
Even after outlining all the information above, investing in CRE can still seem daunting. That’s why the Leveraged CRE Investment Team at Commercial Properties, Inc. is here to help you achieve your investment goals. Contact us at (480) 330-8897 or send us an email at request@leveragedcre.com.
Need help on your 1031 Exchange? We got you covered! We prepared a free e-book that will serve as your guide to achieve your long-term business goals or obtain that property you’ve always been dreaming of!
Phill Tomlinson is a commercial real estate broker with Commercial Properties, Inc. (CPI) in Scottsdale, Arizona, and owner of the Leveraged CRE Investment Team specializing in investment sales and tenant/landlord representation in the Phoenix and Scottsdale submarkets. Phill applies over 21 years of experience in the Real Estate industry helping investors and owners maximize their returns.
Bookmark www.leveragedcre.com to learn more about the Commercial Real Estate market and keep informed of relevant real estate strategies designed to maximize your income property investment results. Connect and follow Phill on Social Media at sm.leveragedcre.com/smplatform. #LeveragedCRE
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