Maggie Collister

SterlingCRE Weighs In: Fed’s Interest Rate Shift

Maggie Collister Contact Maggie In 2023, the Sterling brokerage team remained actively engaged in leasing, land sales, and catering to owner-occupier sales. The steady flow of transactions throughout the year was sustained by Montana’s robust economic prospects.   However, investment activity experienced a decline due to increased borrowing costs, making investments more challenging. Sellers, buoyed […]

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Local Shops Make Holidays Shine

Maggie Collister Contact Maggie According to a recent informal poll conducted by the Sterling team, downtown small businesses are the preferred Christmas shopping destination among our friends in Montana.   This preference isn’t surprising, as downtown areas, whether big or small, throughout the Big Sky state go all out to transform holiday shopping into a

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What’s Up With The Bozeman Boom?

Maggie Collister Contact Maggie Bozeman’s base economic sectors are pivotal drivers of its growth, shaping its prosperity. Industries constituting the core economy bring external revenue into the local community. This fosters the growth of other businesses within the region. In a previous blog post, we looked at the importance of understanding a community’s economic dynamics

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New Homes Spell Relief for Missoula Renters

Maggie Collister Contact Maggie With multifamily construction in full swing throughout 2023, the Missoula multifamily market has finally reached a state of equilibrium. In Q4 2023, the vacancy rate for market-rate rentals nearly doubled, rising to 6.13% compared to 3.37% in Q3. This change is welcomed by renters as it provides more choices.   The

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Can You Use Your Short Term Rental for a 1031 Exchange?

Maggie Collister Contact Maggie If you own a short-term rental property in Montana, you might be aware of recent discussions regarding the prohibition of certain types of short term rentals (STRs) in residential neighborhoods of Bozeman. Similar regulations are being considered in Missoula too.   The issue will involve an interpretation of the zoning code,

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Risky Business | 3 Options To Make A Property Use Legal

Maggie Collister Contact Maggie You’ve found an ideal property – the right location, the perfect building, and even a warehouse for storage, all within your budget. But there’s a snag: your broker informs you that your business isn’t permitted under the current zoning. In a less competitive market, you’d simply look for another property. However,

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Make Your Self-Storage Website Work

Maggie Collister Contact Maggie Most self-storage customers will never interact with a person during the process of finding a storage facility, renting a space, and paying the bill. Digital technology has made the process more convenient for everyone. However, this makes your website your head salesperson.   Here are some tips to put your website

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Don’t Go Bust in a Boomtown

Maggie Collister Contact Maggie When it comes to developing and investing in commercial real estate, having the ability to predict the future would be a tremendous advantage. Unfortunately, the crystal ball we acquired from Amazon.com doesn’t cover Montana’s commercial real estate market.   The fundamental factor influencing the value of commercial real estate is the

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Montana Property Tax Sticker Shock? How to Appeal

Maggie Collister Contact Maggie https://youtu.be/IjHUMfBDlrE Kara Hogan and Matt Mellott CCIM/SIOR offer some valuable information on how to appeal your Montana Department of Revenue 2023 Classification and Appraisal Notice value assessment. Act quickly- you likely need to have your appeal in the mail by JULY 30.More details:https://www.sterlingcreadvisors.com/montana-property-tax-sticker-shock-how-to-appeal/Download the AB-26 Form:https://mtrevenue.gov/publications/request-for-informal-classification-and-appraisal-review-form-ab-26/

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