How to Best Protect your Commercial Real Estate Investment in Myrtle Beach

Published September 22, 2022 | By Dorien

Commercial Real Estate Investments on the Grand Strand

Our beautiful area of the Grand Strand in the Myrtle Beach, South Carolina area is booming! People and businesses are flocking to the beach to live, work, play and.. invest!

If you have invested in commercial real estate in the Myrtle Beach area, or you are exploring this option in the future, read on! We’ve got the latest and greatest on how to protect what you are paying for.

Protect What You Are Building: Construction Work Site Security

Many new projects are rising out of the ground as fungi – new construction sites a popping up everywhere. Guess what else is popping up? Crime at worksites. Stats tell us that crime is up.

Many construction sites deal with the same two crimes:

✓ Theft (of tools, equipment and materials)
✓ Vandalism

The Grand Strand/Myrtle Beach area is undergoing a huge surge in new construction of homes and businesses and thus there are many new construction sites popping up. Each site deals with theft and vandalism, and we do get calls and inquiries about how to prevent crime from happening.

What can you do to protect your investment as you build? Here are a few tips

Identify all your assets and property at your site and index/catalogue them so they can be tracked at any time.
Engrave tools and special tag other equipment.
Connect with neighbors, nearby businesses and neighborhood watches so they are aware of your site.
Bring awareness and offer training to your crew and discuss how they need to do their part (lock up)

Read the full article and the other 8 tips here.

Commercial Real Estate: Why You Need Security

In a previous blog, we wrote about the many reason small business owners need a commercial security system:

Have you dealt with

✔️employee theft?

✔️counterfit money?

✔️ loitering around your building?

✔️vandalism?

✔️break-ins?

If so, installing, maintaining and monitoring a commercial security system is the way to go.

If your real estate investment does not include owning a business, but you do own the building, we recommend you talk to those business owners leasing the building from you to make sure they are protecting your assets along with theirs!

Protect Everything, Including Your Employees

Do you have a commercial building, a business AND employees? Then the very last thing you want to hear is that there has been an ‘incident’ at your business, right?

Whether it is a phone call from your employee, or a call from the police, as soon as you hear this message, you know that you and your business are in trouble.

If you are the owner or CEO of a brick and mortar store, a restaurant, a gas station, a bank, a school, a church or a service provider with a fleet of trucks and a slew of employees, you never want harm to come to your employees, correct?

Learn more about how to protect your employees here.

Not Sure Where to Start? Start with Cameras!

We can’t say enough about having security cameras for your commercial real estate investment. Having a record of what is going on, having a record of what went wrong, and having a record of wrongdoings is the first step in getting insurance to pay out when you have a claim on your real estate investment!