#planning

5 Common Objections to an Exclusive Listing Agreement

Nov 15, 2018
5 min

5 Common Objections to an Exclusive Listing Agreement

As a commercial real estate broker, I enjoy speaking with owners about their investments. One of the topics that arises frequently is the story behind the purchase of their asset. Surprisingly, here in Jacksonville many apartment owners did not buy their property from a public listing. I have found that those owners came across their property through a contact or directly to the owner and acquired it “off market”. As a proponent of competitively marketing properties, I wonde

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3 Online Tools to Grow and Manage your CRE Portfolio

Jake Ammon

Oct 3, 2018
4 min

3 Online Tools to Grow and Manage your CRE Portfolio

Managing your real estate portfolio entails time, orderliness, social competency, and keenness to details especially for different investment properties such as rental properties, apartments, land lease and even Real Estate Investment Trusts, among others. Fortunately today, people can effectively manage their real estate portfolio without hiring the services of portfolio management professionals. Here are 3 online tools that you can use to manage your property portfolio as

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Proposed Bill Could Spell Trouble for the Commercial Leasing Process in Jax

Jake Ammon

May 26, 2018
2 min

Proposed Bill Could Spell Trouble for the Commercial Leasing Process in Jax

A proposed ordinance to add steps to the commercial real estate leasing process could be damaging for business in Jacksonville. As reported by the Jax Daily Record here a city council member has proposed an ordinance requiring a Building Confirmation Letter as part of the Certificate of Use application process. The intent of the bill is to protect small businesses from leasing space not compatible with the operation of their business. This may sound like a good thing, but

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Jake Ammon

May 21, 2018
1 min

CRE Investor Tip of the Week | DSTs

Owning and managing commercial real estate investments is a tough business. Fortunately the hard work and sweat equity can really off with investments that enable us to be financially free of a standard job and meaningless work. But what if you are ready to transition into a new chapter in your investing career to be able to take extended vacations or be there for more family events? 2 common hurdle preventing owners from transitioning into that next chapter are: Unable to lo

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How the New Tax Reform Act Helps Multifamily

Jake Ammon

Feb 22, 2018
2 min

How the New Tax Reform Act Helps Multifamily

A few highlights of the recent changes to taxation that affect multifamily investors: Capital Gains Rate - No Change (Currently 20%) Step-Up in Basis - No Change - Did not modify this rule Operating Expenses - No Change - still deductible against the income Pass-Through Tax Entities - Corporate Tax rate reduced to 21% from 35% Carried Interest - CHANGE - Hold period now 3 years rather than 1 year The 1031 Exchange - Eliminated exchange for Personal Property - No Change for Re

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CRE Investment Tip of the Week | Measurement

Jake Ammon

Dec 20, 2017
1 min

CRE Investment Tip of the Week | Measurement

"If You Can't Measure It, You Can't Improve It." ~Management thinker Peter Drucker Quantify every area of your investment at some point in time to get ahead of the curve. Random suggestions would lease benefits for each tenant, the hours you or your team worked, opportunity costs, and cost of keeping great employees. Jake Ammon is a Vice President with Addison Commercial Real Estate in Jacksonville, FL. He specializes in commercial investment properties. Contact him at jake@a

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CRE Investment Tip of the Week | Expand Expense Categories

Jake Ammon

Dec 5, 2017
1 min

CRE Investment Tip of the Week | Expand Expense Categories

Are expenses getting out of control for your investment property? Can you figure out where it's coming from? If not, have your property management firm breakout expenses into more detailed categories on the monthly or annual basis to be able to see the actual trends over time. The expenses tell a story so it's up to you to be able to read what story its telling you. A steady uptick of replacement costs may not be enough information to go off of when making decisions. Knowing

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CRE Investing - $100 Is Worth It - Energy Audit/Upgrade

Jake Ammon

Nov 14, 2017
3 min

CRE Investing - $100 Is Worth It - Energy Audit/Upgrade

Reduce expenses with upgrades and fine-tuning existing equipment. Being green and energy efficient can help your bottom line, especially when someone else helps you pay for it. Find your local partners that can help you uncover the potential your property has for reduced utility bills. Remember that every $100 earned or saved in NOI translates to $1,428 in value. Local utility providers typically promote energy saving upgrades to both residential and commercial that property

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CRE Investor Tip - Multifamily Tenant Segmentation

Jake Ammon

Oct 2, 2017
2 min

CRE Investor Tip - Multifamily Tenant Segmentation

Understanding what type of household a property is tailored for and what the needs are will help capture the most value out of the renter market. Each type of renter household will have a wish list for amenities that they will each respond best to. Marketing strategies tailored to the appropriate segment will also maximize efforts. All of this leads to better capturing market rents, achieving market occupancy levels, and lowering marketing costs. I use the household categorie

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Jake Ammon

Sep 1, 2017
1 min

CRE Tip of the Week | Task Management

Task Management Do you use scraps of paper to track your to-do list? Can you find that piece of paper a week from now? Task management ultimately leads to time management. If you aren't managing your tasks, then you're not managing your time. Nozbe is a simple program that I use keep my life more organized to save me from unnecessary headache. Highlights: Built for teams and individuals Syncs with web-based calendars like Google Calendar Delegate through the app Free for basi

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Jake Ammon

Aug 16, 2017
2 min

CRE Investor Tip | 1031 Exchanges

1031 Exchanges They aren't always the best option during the sale of a property. When used wisely, the 1031 is an awesome tool for retaining and utilizing more capital earlier on in your investing career. Though don't let what might be a small cost derail your path to success. Answer 2 vital questions before going down the 1031 path: How much will you actually pay in taxes upon sale? What is the state of the market for viable purchases? I am forgoing a 1031 tax exchange on a

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Jake Ammon

Jul 24, 2017
1 min

CRE Investor Tip of the Week #2

If you own your own business or know someone who does, consider a sale leaseback for the real estate. A business that owns their real estate can structure the ownership to where they lease the property from themselves. I assure you this is legal and there are tax benefits from doing so. Take it a step further and the business has the option to sell the real estate to a 3rd party and extract the equity out of the real estate. The business becomes a tenant who no longer has to

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Here is how your real estate investment strategy is not a strategy

Jake Ammon

Jul 24, 2017
2 min

Here is how your real estate investment strategy is not a strategy

There are now strategies for strategies nowadays. There are ways to strategize about your next strategy. Have you thought about which strategies to take complete your work? Strategy has become a buzzword in both private and public sectors. The word strategy has saturated the planning process to a point that diminishes value of the word and what it can do for you or your business. Most strategies are likely just a plan or a tactic. A strategy is macro-view of the way of operat

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Jake Ammon, MBA | Vice President

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