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5 Things You Need to Know Before Buying a Texas Storage Unit Development

In 1964, Russ Williams and his stepson Bob Munn built the first self-storage facility with garage-style doors in Odessa, Texas. Over the years, self-storage facilities have cropped up all over the nation. As Americans increase spending, we need spaces to store our “stuff.” That’s why the storage unit industry is thriving. Currently, self-storage is a multi-billion dollar industry, bringing in $39.5 billion in annual revenue last year alone. Almost 10 percent of all American households rents a self-storage unit and spends an average of $88.85 per month to store their belongings. As of last year, the United States had about 1.7 billion square feet of storage space in about 50,000 storage facilities. To put that number in perspective, self-storage developments outnumber both U.S. McDonald’s restaurants (over 14,000) and Starbucks locations (around 12,000) combined. Nationwide, storage units typically see a 92% occupancy rate. But those statistics differ based on geographic location and other factors. For investors, […]

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Fair Housing Act and ADA Regulations in Texas

For building owners, property managers, real estate agents, or other real estate professionals in Texas, knowing and complying with Fair Housing regulations and the Americans with Disabilities Act is crucial. Depending on the location of your property, your role in leasing or sales, and the age of the property, you are subject to federal, state, and local fair housing and ADA laws. Here, we are outlining the federal Fair Housing Act and the Americans with Disabilities Act. Also, we explore Texas accessibility standards and Texas fair housing requirements. It’s important to note that some jurisdictions in Texas have additional protections for marginalized groups not covered by federal and state protections. Knowing, understanding, and following these fair housing and accessibility laws is crucial to your success as a real estate professional. Failure to comply with these regulations could result in expensive fees and fines, or potential litigation. The Federal Fair Housing Act In 1968, Congress passed […]

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How to Choose a Commercial Property That Fits Your Needs

Investors have long looked to commercial real estate to build wealth. However, entering the CRE market can be confusing if you don’t know how to start. There are many factors to consider when searching for a CRE property that meets your needs. Where will you find a property? Is the commercial property in a prime location? What is the expected cash flow? And what will renovations or repairs cost? Finding the ideal commercial real estate investment opportunity can be challenging. Here at CXRE, we want to help guide you towards a CRE investment that meets your needs. Below, you’ll find information to help you determine which commercial real estate property is best for you. As always, we are here to help. If you want more information about investing, property management, or property valuation, please contact us. One of our commercial real estate professionals would be happy to answer any questions you might have. Why Choose […]

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The 4 Things You Need to Know Before Developing a Microhospital

In healthcare, small is the new big. While some hospital systems have been busy expanding their services and extending their campuses by adding new buildings, in other places, some systems are offering healthcare on a smaller scale. Termed ‘microhospitals,’ these facilities are often associated with and developed by larger healthcare systems. Microhospitals frequently provide services to people who live far from large hospitals. These smaller-scale facilities allow healthcare systems to care for these patients without investing in new, full-scale hospitals. They also make for great commercial real estate investments if you have a knowledgable medical office broker. What do Microhospitals Offer? On the surface, these healthcare facilities may sound like urgent care facilities, but they offer more than walk-in care. Although they are small, microhospitals offer full-service care — primary care services, emergency care, and even outpatient surgery. Many facilities also offer lab, imaging, and diagnostic services. All microhospitals are different, but they all have […]

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How to take back a nasty email

If you’ve ever wanted to know how to properly dodge a bullet or wrestle free from an alligator then you could do a lot worse than pick up an instant classic, The Worst-Case Scenario Survival Handbook. Through a mix of diagrams and real tips sourced by Navy SEALS, stuntmen, and other authorities, the book manages to be straightforward while talking you though some unlikely and absurd situations, and that’s what makes it funny. Decidedly unfunny, however, is that moment when you realize that you just sent an angry email in haste or have sent a message to the wrong person.  If you’ve ever found yourself in this situation, you know that nothing quite matches the chill and the horror that comes over you, making you wish you could instead wrestle an alligator or dodge that bullet. Speaking of dodging a bullet, the Worst-Case book has spawned sequels as well as a highly entertaining Worst-Case Scenarios […]

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