With the global economy spiraling due to the COVID-19 pandemic, businesses all over the world have reported severe losses, with countless of them shutting down. However, Gene Bernshtam notes that a down economy is where some of the most interesting opportunities for investment lie.
Real estate is one of these investment choices, and because of this, Gene Bernshtam shares four reasons commercial real estate is a great investment.
ROI potential: It has been said so many times over the years how real estate has shaped up to be one the greatest businesses in history. Commercial real estate represents the top tier of the industry. The ROI potential is often incredible, and even after, commercial properties still generate steady profits for at an average, a decade.
Protection against inflation: Inflation happens. Fortunately, for owners of commercial real estate, they have the option to increase rent and lease prices to coincide and cope with inflation.
Less of a hassle to manage: Commercial properties have fewer tenants than apartments and condos or other types of residential buildings. Tenants in commercial properties have also been known to be more agreeable with owners and building managers.
Rise in appreciation: According to Gene Bernshtam, the increase in appreciation of any type of real estate depends on how well people take care of it. For commercial real estate, this increase is often at a higher rate, especially if the property is well-kept.
Commercial real estate professional Gene Bernshtam was born in Eastern Europe. He graduated from the Loyola Business School with a degree in finance. His interests include collecting cars, weightlifting, scuba diving, and traveling. For more on Gene and his hobbies, visit this page.
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