Owner occupied commercial real estate the next phase in las vegas commercial real estate - McMenemy Investment Services

Owner occupied commercial real estate the next phase in las vegas commercial real estate

Since the Las Vegas commercial real estate market has bottomed out, more and more business owners are choosing to buy their own properties. The main reason is that they know that since things are beginning to climb back up, they want to be able to lock in those rents while the getting is good. Lenders tend to appreciate it when owners occupy their own establishments because such borrowers tend to be more responsible than those who lease properties to others.

Another good thing about owning your own property is that it can come in handy when you need more capital for your business. In a lot of ways, it’s a win-win situation. Finally, there are valid tax reasons for owning your own property because in some cases you can claim your lease as a liability.