Whether an individual or a family, as someone who recognizes the many benefits of investing for the future through the acquisition of real property, knowing how to maximize the value and return on investment can be complex and daunting.
Assisting the transfer of assets between generations, reducing familial conflicts and improving financial performance are just some of the services and experienced portfolio manager can help you with.
We are all familiar with the phrase “Never mix business with pleasure”. Business matters are always best dealt with “head on”, free of emotional influence. When family members come together in joint ventures, emotions can often interfere with decision making. These emotionally driven decisions can wreak havoc on your investment. Conflicting ideas can stalemate the important decisions from being made and cause a rift in the family dynamic. An experienced portfolio manager can maintain a non-partisan, neutral and objective perspective of the goals and tasks at hand. They provide unbiased opinions on the best course of action for your family’s needs, thus leaving your family free of the undue stress and burden these types of conflicts can create.
Give your family peace of mind by hiring a professional to help you navigate through the various duties and decision required to effectively manage your real property investment.
Whether a single property, or a complete portfolio, effectively managing your property(s) can be extremely time consuming and expensive, if not familiar with the inner workings of the various pieces of legislative requirements for these types of investments such as the Commercial Tenancies Act, Residential Tenancy Act, income and tax reporting requirements and mandatory maintenance requirements.
Furthermore, these types of properties are much riskier investments, than a single family home, if not handled appropriately. From lease administration, ongoing maintenance requirements and increased insurance requirements due to public exposure, a licensed professional can save you time and money by ensuring that all operational aspects are in compliance with the most up to date regulations, thus reducing, if not eliminating the increased risks of owning commercial real estate.
In a recent report known as the “Grosvenor’s Resiliency Index” which measures the resiliency of various economies, it was stated that “Canada as whole is doing exceptionally well. The top 3 most resilient cities in the world are Vancouver, Toronto and Calgary. For investors in Property and Real Estate, it makes Canada a very sound long term investment.
However, that being said, if you are not familiar with the market, investing in one of these cities is not going to guarantee you a sound and secure long term investment.
Managing professionals are not only aware of what is happening with the market, but what types of influences can affect your property. Location is huge factor in determining the potential of your property. Your property manager should be aware of how a down market could affect your rentals, if your property is located in an area that has an oversupply issue, are there any upcoming developments in the neighborhood that could affect your rental capabilities.
Martello has been creating trouble free real estate ownership experiences for families and private investors alike for over 25 years. Our collaborative method of managing client assets allows us to provide the highest level of advisory services, customized to each client’s unique and individual needs.
Whether already experiencing difficulties, or just looking to prevent anything from coming up in the future, Martello has become one of the most trusted real estate advisory firms in Western Canada because of our pride of management and commitment to our code of Ethics. Over 90% of our new clients come to us through referrals. If you haven’t been referred to us directly, have a look at our extensive library of case studies that show not only what we have done, but also what our clients have to say about us.
Martello was hired by a multi-national syndicate in 2002 to create a unique asset strategy for the repositioning and ongoing management of Cedar Hills…
Mission Plaza, a 50,000 square foot neighbourhood mall, was developed in the early 1970s, anchored by a 28,000 square foot Safeway and also comprised…
Martello was hired by Granville Savings & Mortgage Co. to assist them in the repositioning, lease up and sale of a 3 story, 60,000 square foot vacant…