Once you have acquired commercial real estate, your goal should be to attempt to boost the value and maximise the revenue it delivers.

Once way to achieve this, is to develop the premises into residential property and either sell or lease the converted accommodation.

Here are some points to consider before launching into a project:

• Find a great location with access to all desirable amenities
• Research the planning and zoning constraints and contact the local council
• Research comparable conversions and the associated costs
• Look for small factories and warehouses as they tend to be easier to convert
• Use a platform like RealRenta to manage the new residential properties and save thousands on fees.

Cut out the expensive middlemen when managing your residential investments.

Use RealRenta to automatically manage your assets:

Use RealRenta for Free for up to 2 months www.realrenta.com