Examine socio-economic conditions in the neighborhood you're thinking of purchasing commercial real estate in. Pay special attention to the unemployment rate, and the average income level in your property's neighborhood. If you're looking at a commercial real estate property that's close to things like a university, employment centers, or a hospital, they're likely to sell fast, and at a high value.
Have family, friends, and professional lenders partner with you to make sure you have enough cash to buy commercial real estate. Find an agreement in advance: you could give the lender a percentage of what you make, or repay lenders with fixed interest rates.
Keep your rental commercial properties occupied. You're the one who has to pay to keep the building maintained, and if no one's renting them, you're wasting your money. If you have multiple properties open, figure out why, and try to correct the issue that could be causing a loss of tenants.
Be on the lookout for commercial real estate sellers who are motivated. You can benefit from seeking these type of sellers out because they are usually motivated enough to sell, that you can snatch up a property for less than its market value. Nothing more exciting happens until you come upon the deal made available by a very motivated seller.
Bring your digital camera along, and use it. Include all the defects in the photo, such as carpet stains, or holes in the walls.
Lower the risk of default by eliminating as many things that can be labeled "event of default" as you can, prior to negotiating a commercial real estate lease. Decreasing these will prevent tenants from performing a default on the lease after your negotiations. You do not want this to happen to you.
As you view prospective commercial real estate properties, it pays to think on a larger scale. If you were thinking of buying a building with five units, realize that it's no harder managing 50 units than five. That many units still need commercial financing like the larger ones do, and the larger ones generally cost less for every unit.
See to it that you're dealing with companies that care about their customers before you engage them in a commercial real estate purchase. If you don't take the time to be sure they are a good company, you run the risk of entering into a bad deal.
Posting a newsletter online, using social media, or otherwise staying in touch with previous clients helps investors remember to send new clients your way. Keep your online presence updated and active, as it will often be a good source of referrals, connections and updates from important sources.