Lawyer (since 1988), Commercial Real Estate Broker (since 1996), Tenant representative and (for large corporations) Commercial Lease Negotiation Specialist. Most employers prefer to hire people who have at least an Associate’s degree from an accredited institution in the field of law, business, accounting, human resources and finance.
Commercial lease brokers and agents work with real estate owners and tenants and their landlords. Most lease brokers and agents have at least three years of experience in commercial real estate and the law.
Commercial real estate brokers usually deal with properties for sale, buyouts, financing, and rent. It is advisable to take a minimum of 2 years of coursework from an accredited institution to become a commercial real estate broker.
Real estate, finance, and accounting are a very complicated area of the law and can be overwhelming to many people. Many people would be better off getting their education at a local community college or vocational school.
You can also earn your degree at a community college or vocational school that offers courses at an accelerated pace, which makes it easier for you to complete the program. However, you may want to consider taking a year off from school to work towards your degree. A shorter program that allows you to finish in two years will give you the best chance at becoming a licensed real estate broker.
When you enter the business of commercial property investing, your first priority is probably going to be finding a property that suits your needs and skill set. While this may be the case for some people, most people find that they end up buying commercial properties in order to make a profit.
The majority of real estate investors today are looking to turn around and sell their investment properties as soon as possible. The most profitable real estate investments are those that offer excellent rental income. for those who purchase them.
One reason why many people fail when it comes to real estate investment is because they buy property without understanding the legal issues that can come up with owning property. The legalities involved in owning residential and commercial properties are not the same and it is important to understand these issues in order to avoid legal problems in the future.
Those who learn the ropes early on in the real estate industry will have a leg up on those who decide to enter the business without proper knowledge. If you want to be successful in this business, you should understand the different types of financing, lease payments, tenant agreements, the legalities involved in landlord and tenant relations, and the ins and outs of real estate investing.
Commercial leases and property ownership are very different than residential property. You need to be knowledgeable about all aspects of commercial real estate and property ownership, even if it means that you take a short course to get started. You must also have a thorough understanding of the real estate process in order to deal with creditors, landlords, tax liens and other complex situations.
In addition to this training, you should also take the time to learn how to prepare and maintain financial statements. This includes knowing how to calculate depreciation, amortization, operating expenses, income statement, balance sheet and other basic financial statements.
Having all of this training in hand, you should also have access to an accountant that is willing to help you throughout the process of leasing and investing. As the right person to deal with landlords and tenants is also very important.