Let’s Get Real About The Future of Your Commercial Real Estate Properties

You want to leave your heirs with assets, not liabilities. Even if you leave them with a meticulously maintained trophy, multi-family cash cow, they might view it as a liability regardless. To put it frankly: they’ll probably want to sell it.

You want to leave your heirs with assets, not liabilities. Even if you leave them with a meticulously maintained trophy, multi-family cash cow, they might view it as a liability regardless. To put it frankly: they’ll probably want to sell it.

Now, I know it’s not comfortable to come to terms with your own mortality, but for your investment’s sake –– we have to get real about your investment properties.

This is probably not what you want to hear: but you should be prepared for your plan to evolve. Commercial real estate is constantly changing. It can be hard and emotionally taxing to keep up, especially if you’re sentimental about the property. I get it. That’s why I stay on top of every wrinkle in the CRE space for you and offer institutional-quality advisory updates.

At Sparacino Realty Advisors we help you take a good long look at your current situation in the greatest detail possible, and then provide a strategic analysis of your options based on your current situation. If your situation changes, we can update the document to reflect the new options based on the recent changes.

I don’t want to be an asshole, but let’s be honest: anyone can sell real estate –– very few can properly advise.

And I don’t blame them. Why have a difficult conversation about the future of your financial legacy? when you can just surf on the assumption that everyone wants to swap ’til they drop?

You gotta have a plan rather than have no plan at all –– ideally, a plan tailored to your portfolio and not just one that mirrors what the hivemind is doing.

Bear with me while I make you endure an anecdote (I’ll keep it short): When I was young, my family would ski in South Lake Tahoe, and my mom shared a mantra that stuck with me: “don’t ski when you’re tired because that’s when you get hurt.” I froze out her advice just once, and guess what happened: I got hurt.

While we’re obviously not doing winter sports in the Sierra Nevadas, the sentiment still stands: don’t wait until you’re exhausted to hit the slopes. CRE translation: don’t wait until the final moment to make a plan. Planning should begin as soon as possible and that plan should be an evolving document that takes into account where you are in your state of life and how you’d like your future position to look.

You also can’t count on your grieving beneficiaries to make the right decision. Unless you’re grooming your children to be your proxies and they’re showing ardent enthusiasm, you can’t predict what they’re going to do. They’ll be at a high risk of simply doing what’s easy and immediately profitable rather than what’s shrewd and forward-thinking.

Understand what you have and scheme for the future. Sparacino Realty Advisors are here to help you take the emotion out of big decisions and settle on the best option for your situation.

If you’re ready to get real about the future of your properties, send us an email.

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Life is 10% what happens to you and 90% how you react to it. It does not matter how slowly you go as long as you do not stop. Confucius.

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