Parking Garage

Properties

There is only so much space in the city.

This creates demand for additional parking.

But there are parking challenges in the city, too. Suburban office buildings, hospitals and medical plazas also have parking issues.

Welcome to the world of parking garage properties, a profitable niche of commercial real estate. Cherif will show you how to structure your deal, finance it and manage the property.

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Parking Garage Properties

Welcome to the world of parking garage properties, a profitable niche of commercial real estate. I’ll show you how to structure your deal, finance it, and manage it from afar! Consider that:

There are 240 million cars registered in the United States. Paid parking is a huge business.
Buying and selling parking spaces is relatively simple and hassle free.
Maintaining parking garage properties is easy.
Operating parking garage properties can be done through third party companies.
Added revenue potential is almost unlimited—from exterior signage to interior revenue centers like vending and car detailing.
Eviction is easy; delinquent leasers are simply not permitted access.
Paid parking is a great way to use land and produce cash flow until it is time to develop (like in a downtown location).
Many cities are eliminating the minimum required number of parking spaces for condominium developments to promote mass transit—which boosts parking leases and sales.

Manage from a Distance

A parking garage property is the ultimate commercial property for an absentee owner. You simply choose a management company and they operate everything and handle all the day-to-day hassles for you. Many parking garage property owners just use remote surveillance over the Web if they want to check in on their investment from afar.

Increase the Value

There are dozens of ways to increase the value of your parking garage property investment. I cover them in my new training. Here are some examples of how you can take your asset to its highest and best use:

Secure corporate parking accounts
Combine monthly parking with daily/weekly
Detailing vehicles/Oil changes
Automated parking
Deli/convenience store
Vending machines
Car condos: sale or lease
Advertising signage
Bicycle rental
Electric car accommodations

You’ll learn about these with my online real estate training on Parking Garage properties. It covers the very latest strategies for capitalizing on this great opportunity.

I Invite You to Follow my System for Success

The best investors, whether they succeed in stocks, real estate, etc. - have a business model. They may have it written down, or it may just exist in their head. But I assure you they have a formula they have acquired over time.

When I first started training people in the early 2000s, I noticed my students wanted to follow my investing model, the one I had perfected during my investing career. They didn't just want strategiez and techniques, they wanted the recipe - an exact list of ingredients for success. So I captured my formula for Commercial Real Estate investing with the FACTS system. Here is what FACTS stands for: