It’s that time of year again. The big hunt is on for great gifts for family, business partners, clients and vendors. So what gifts are hot this holiday season?
Whether you are shopping for others or looking for ideas to put on your wish list and regardless of whether you are building a portfolio of single family rentals, own a multifamily apartment building or two, or are engaging in the Worcester, Mass. commercial real estate market by getting in on the lift in the retail property sector, here are a few luxurious, unique and free gifts to consider…
1. Tech Gadgets
The battle of the big tech brands is already on, long before Black Friday was in sight. For 2013 the hot spot clearly appears to be tablets again. The iPad Air might be a complete fail, but it’s shaping up to be a hot competition between Amazon’s Kindle Fire HDX and the Galaxy Tab 3 from Samsung.
From now through New Year’s Eve it’s all about food. From turkey to eggnog to pumpkin pie and office happy hours to close knit family dinners. All of these eating opportunities are great moments to give the gift of picking up the tab and building stronger relationships, which real estate is all about.
Caffeine keeps the real estate industry moving. Keeping up in busy markets like Greater Boston, especially in a hot market like is being experienced right now can require more than a cup of Joe on the way out the door in the morning or even a sugary Frappuccino in the afternoon. For real coffee fans consider the Handpresso which serves up espresso shots on the go in your car, or the cold, bottled Black Blood of the Earth which is 40x stronger than regular coffee.
Perhaps it’s time to give yourself the gift of a vacation to relax and recharge before the New Year. Maybe an unplugged vacation away is the only way you are really going to commit to that much needed quality time with someone special. Or perhaps the budget is tighter than you’d like and giving your staff extra time off is the best way to make up for not having much to give as a year-end bonus.
What more fitting gift to give for real estate investors than property. From cozy getaway cottages to condos on the beach and from lots to hold for generations to income investment property to provide ongoing income for parents or kids the opportunities are endless.
6. Extra Time to Pay for Tenants
Real estate investors may also be feeling the financial pressure of outrageous holiday shopping sprees and big credit card bills during this season but counting on tenants to pay on time between now and January is a fantasy. Much can be done to shake them down but perhaps the best gift this year is giving tenants some breathing room.
The greatest compliment in this business is giving referrals. They can be far more generous than another gadget that won’t get used, and receiving them so much more valuable too.