Ramy Eidi: Commercial Real Estate Revitalization Expert

Posted by Admin | November 11th, 2011

The real estate industry has not been in great shape since the recession hit. However, there have certainly been bright spots. One of the most exciting niche industries has been real estate revitalization. Ramy Eidi is considered an expert in the revitalization of real estate properties in Ohio. Ramy Eidi has a talent for uncovering the “diamond in the rough” when it comes to real estate in need of revitalization.

What this means is that Ramy Eidi has an eye for finding real estate properties who have real value, but that value is disguised by cosmetic issues. Ramy Eidi then seeks to bring out the real value of the property with revitalization and then turn a profit by reselling the properties. This has been a successful venture for Ramy Eidi and his company, Eidi Properties.

Ramy Eidi has worked in three markets in Northwest Ohio, all of which were quite different from one another and diverse in their own right. Over the last ten years, he has shown he can be successful in each of those markets. Eidi Properties is a company that has, over the last fifteen years, benefited from Ramy Eidi’s specialty in revitalizing real estate properties with hidden values. The company is now one of the largest privately owned real estate investment properties in Ohio.

Additional Resources:

Ramy Eidi :: Listed on Incdatabase.com

Ramy Eidi :: Article on Inclistings.com

Ramy Eidi :: Information on Inc1000.com

Ramy Eidi :: Article on Professionaldatabaseinc.com

Ramy Eidi :: Listed on Thecorporatedatabase.com

Commercial real estate terms you need to know

Posted by Admin | September 18th, 2015

Commercial real estate is a bit more complicated than residential real estate, and if you are leasing a business space for the first time, there are some terms you should become familiar with.

Gross lease
A gross lease is a type of lease where the tenant pays one sum to the landlord every month and it covers all costs for the space and use of the building, including taxes, insurance, utilities and maintenance. This is the best type of lease to have if you like your costs to be predictable every month. With a gross lease, your lease costs will be the same every month that your lease is in effect

Net lease
With a net lease, you pay the rent for your space to the landlord every month and then are separately responsible for paying your own insurance, utilities, maintenance and your share of the real estate taxes on the building. With this type of lease you can save money if you feel you can operate very efficiently, but you also could face wildly varying monthly costs for your space.

Escalation clause
If you have an escalation clause in your lease, it means your rent will go up by a certain fixed amount at certain times. For example, if you have a three year lease, the rent might go up 2 percent after the first year is up and another 2 percent after the second year is up. The landlord might also base the increase on an index of costs, such as the Consumer Price Index.

Tenant improvements
Tenant improvements are work either you or the landlord do to the space to make it suitable for your purposes. Your landlord may pay for all the costs and then add them onto your lease costs, or he may pay a fixed amount, leaving you responsible to pay any overages.

Non-compete clause
Non-compete clauses are important to have in your commercial lease. They prevent your landlord from renting another space in the same building or development to a competitor or company in the same line of business.