According to well-known facility manager David Reynoso from Merrick, NY, the commercial side of real estate is an appealing proposition for any investor as it offers one the ability to dip into a new pool of clients & grow their business interests. However, he is quick to point out that the commercial side of real estate is also a different beast altogether which needs additional considerations as compared to the residential side of real estate.
David Reynoso of NY begins by saying that patience is a virtue with commercial real estate transactions as the sales cycle is longer and requires an investor to remain vigilant with the market demand. Keeping in mind that everything in commercial real estate investments takes longer, taking the time to understand the market, considering area demographics and trends, assessing risk by property type, and avoiding failing business are some of the main factors to consider when investing in a commercial property. He also advises investors to be ready to have an active role, and have systems & processes in place to ensure that their property achieves its maximum operating potential.
About David Reynoso
Based in Merrick, NY, David Reynoso is an experienced facility manager specializing in operations and maintenance management advisory services, automated building solutions, health and safety environment management, & energy and sustainability services (including certifications, procurement, consulting, etc.). As a facility manager, he accomplishes his objectives by managing aspects such as Fire Safety, Security, EHS (Environment, Health and Safety), Cleaning, Maintenance, Testing and Inspections, etc.