Using LLCs for Houston commercial real estate can protect you and your assets. As a result, setting up an LLC (Limited Liability Company) for commercial real estate investment is a solid business strategy. Below are some ways that LLCs can protect you. LLC Benefits for Real Estate Investment Using LLCs for Houston commercial real estate has several benefits. Some of these benefits are listed below: Limited Personal Liability – Commercial real estate deals often involve lots of money. In a lawsuit or judgment, an LLC limits the owner’s personal liability. Although the LLC’s assets may be at stake, personal finances and assets are not. Tax Benefits – Using LLCs for Houston commercial real estate prevents double taxation. Rental income and asset appreciation transcend to the owner. Due to this, LLC owners only pay individual taxes. As a result, LLCs lower the tax burden and offer more tax deductions. Management – Owners or third parties can […]
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. Currently, self-storage is a multi-billion dollar industry, bringing in $38 billion in annual revenue. Almost 10 percent of all American households rents a self-storage unit and spends an average of $91 a month on their rent. In the United States, there is 2.3 billion square feet total of rentable self-storage space in about 50,000 storage facilities. To put that number in perspective, self-storage developments outnumber both McDonald’s restaurants (over 14,000) and Starbucks locations (around 12,000) in the US. These commercial real estate developments can be money-making properties. Or they can be money pits. To help you make a wise choice when purchasing a self-storage development in Texas, here are some things you need to know: Adequate Population and Income to Support the Facility […]
Texas is home to six of the top 20 largest American cities, great music, amazing barbecue, and the Dallas Cowboys. The Lone Star State also has lots of room for commercial growth. Below we look at the future of Texas commercial real estate. Texas’ Explosive Population Growth The Lone Star State leads the nation in population gain and is the top destination for relocating Americans. Eight of the top 15 counties for population gains are in Texas. Between July 1, 2016, and July 1, 2017, the Dallas and Houston metro areas were first and second respectively for the nation’s top gaining metro commercial real estate markets; Austin was eighth. Collectively, these three metros added gained a combined 300,000 new residents. Why All the Growth? These population gains aren’t a new trend for Texas and they don’t seem to be slowing. Why are so many people relocating to Texas? CNN Money says that most people are […]
If you aren’t totally happy with an aspect of your career (or are a firm believer than you could always improve something in order to achieve future goals) then this article is for you. Could winning more in your work life be as simple as exuding a win/win attitude? Could harnessing your intuition amount to better decision making? It just may be that easy. Read on to learn what leaders do and how you can follow in their footsteps. Leaders Have a Win/Win Attitude Does it seem like those in a high position (the President of a company, a successful entrepreneur or your boss) avoids drama at all costs? Do they seem to get more done, and in less time than most people you know? Call it a cause and effect of the ‘win/win’ attitude. When you assume a ‘win/win’ attitude, you look for solutions, instead of dwelling on the problem. If you feel overwhelmed […]
The site of the former Pearl Brewery is at the center of San Antonio’s green commitment. The exciting project is well positioned to garner national attention and plenty of local interest as Artistic Builders sets about accomplishing a Leadership in Energy and Environmental Design (LEED®) certification. At the core of the reconstruction project is the Full Goods Building, which will occupy 67,000 square feet of spectacular office space as well as an aggressive packaging and shipping facility.Artistic Builders is utilizing a related company, Capco Steel, to provide the light-gauge steel framing, metal-clad wall systems and specialty steel and structural fabrication for the highly visible project. The commitment to sustainable construction has been challenging but is the only way to go for San Antonio and the Pearl complex.