How to Lease Industrial Real Estate in Tampa, Florida
Everyone who owns a piece of industrial real estate in Tampa, Florida knows that the best way to make money is by leasing it. Every day, countless businesses are being created, and many of them need a space to store their wares.
You could get in on the growing trend of industrial leasing and start making some serious cash. However, you need to learn how to do it properly or you could risk losing money instead.
So how do you properly rent out your industrial buildings for lease? This article has the answers that you need, so read on to find out more!
1. Know What You Want To Do With Your Real Estate
Getting started with using your industrial property for lease involves more than just saying you want to rent out the property. There are many different aspects of business that use certain buildings to complete tasks. You need to know which one works for your building, the plot space, and your location.
Some of the most popular commercial buildings include warehouses, storage units, industrial buildings, and distribution centers. Each type of building needs certain things to function properly, and you need to see if your rental space can accommodate these needs.
2. Know How You Want To Lease The Property
Now that you know what you want to do with your space, you’ll need to know how you wish to lease it. Your tenant will want to know how payment is done so they can stay up to date on the bill, and it’s up to you to determine how that’s done.
There are three main ways to request money from your client: full service (the tenant pays a flat amount each month), net lease (the tenant pays a base amount plus a portion of your property expenses), and triple-net lease (tenant pays based on the size of the space they’re renting). Find out which one works best for your needs.
3. Get A Manager To Help Watch Your Estate
No matter how efficient you think you are at handling your property alone, we can assure you that it’s better to have a management service do it for you.
Renting out industrial buildings involves a lot of time and effort, and there’s a good chance you could make errors throughout the lease. A professional management service is crucial to make sure your lot is taken care of and requirements are met.
Get Ready To Lease Your Industrial Real Estate
Jumping into the world of industrial real estate can be daunting, but it should be easier now that you have the info to take the first step. However, you’re going to want someone on your team who can help you manage your estate and get the most out of your property. We’re more than happy to help.
At HSW Associates, we know what it takes to make sure our client’s investment is in good hands. We handle both real estate investments and management services, and we boast a portfolio that both property owners and tenants have come to trust.
Make sure to take a look around our site to learn more about our services, and feel free to reach out to us whenever you’re ready to begin leasing your real estate. Let’s work together to ensure your success!< Back to Blog