Real estate is the investment of money in land or building which means investing money on immovable property on nature. It also includes the natural resources of the land which is invested. Real estate is an ever going business to which care is needed to get good returns. Surplus ways are available to invest in this field and reliability of the firm is to be checked. Before investing money on real estate many aspects are to be seen for huge benefits. Many experts in real estate industry had given their views about the success of their organizations.
David Giunta is the present CEO of BlackPlum, LLC is an investment advisory and real estate management. He has nearly 20 years of experience in this field by working experience in many companies as CEO. Mr. Giunta founded the investment advisory firm wealth management in 2001. He served as the president of the company until 2008. Major investments made by Mr. Giunta are multimillion dollar properties in various locations throughout the state of California.
Commercial Real Estate Terms Insisted By Mr. Giunta To Learn
Investing in real estate is a profitable and wise decision only if investment is done under well understanding of the terms of real estate. Mr. David Giunta has listed 9 terms that should be well versed by the investors. Loads of research is needed to ensure the reliability and profit earning capacity of the property. Real estate brokers are the agents in the process of leasing of any property. They are the expertise in the field of real estate and ensure that they are licensed by the state for safety aspects.
Usable square footage includes the area for bedrooms, storage, private rest rooms that will be occupied or utilized by the tenant as agreed to by the lease. Gross lease is the flat price that covers the land lord expenses taxes, insurance, utilities and maintenance. It is much easier lease for the tenant to predict their expenditures. Net lease is the controversy of gross lease which includes operating costs which is unpredictable.
Common area maintenance is the extra cost collected to maintain the common area depending on the location of your property. This rent is usually shared by the tenants for the accidental damage by snow, lightning, etc. Full service rent is the rent which includes the taxes and operating expenses. It is paid for the initial year of the agreement and expansion in operating cost is also payable by the tenant.
Letter of intent is the initial agreement between the landlord and tenant for further negotiation and it is advisable to carry over by the lawyer.
BlackPlum is a real estate investment company which is running successfully at California over many years. Steady and reliable income is made by Mr. Giunta with his developers and investors to their company from real estate investments. Mr. Giunta has many followers on this twitter page by success of his organization. Investing on land and property is more profitable than investing in stock markets by the increase in the value of properties in short time.