AS YOU will appreciate, being able to sleep through the night is one of the primary objectives for any Commercial real estate investor.
And that’s what a great many property investors refer to as staying below your “Threshold of Insomnia”.
There may be several things which might lead you to lose sleep. One is over-borrowing; and the others are producing a poor assessment of the market place and the property itself.
Allow me to share 6 Tips about What to DO …
At all times maintain sufficient cash reserves, so that you can manage a few months’ loan payments — in the event you were to lose a tenant, or the tenant is just late in paying for some reason.And have a sharp eye on smaller things like all machinery and maintenance bills, which can easily mount up.
Make sure you have an investment strategy you’re happy with, and then stick to it. In other words, set reasonable objectives and pursue them. More goals have been missed as a result of lack of planning, than through the plan itself failing.