Riad Daloussi Highlights 7 Tips for Managing Real Estate Risks

 Riad Daloussi is a Canadian entrepreneur making strong moves in equipment supply and real estate. Riad Daloussi delivers farm and construction machinery across North America and helps overseas brands enter the Canadian and U.S. markets. In real estate, he works with developers and also builds his own portfolio focused on growth and long-term value. He Shares 7 basic tips for managing real estate risks. These simple strategies help reduce costly mistakes, improve planning, and keep projects on track. From choosing the right location to budgeting smartly, each tip supports safer and more successful real estate development.

1. Research the Market First

Before starting any real estate project, it’s important to study the area. Knowing the local market helps you understand property prices, rental demand, and potential returns. Research gives you a better idea of what buyers or tenants are looking for. It also helps you avoid investing in areas with low demand or uncertain growth. Take time to review recent sales, upcoming developments, and nearby facilities like schools, transport, and shops. A well-researched market forms the base of a strong investment decision.

2. Pick a Good Location

Location is one of the most important factors in real estate. A property in a growing, active area will attract more attention and hold its value better over time. Look for areas with steady development, public transit access, shopping centers, and job opportunities. Even small differences in location can impact the property's rental income or resale value. A good location reduces vacancy risks and improves long-term returns. It’s better to buy a smaller property in a strong area than a large one in a weak location.

3. Work with Reliable People

Success in real estate often depends on the team you work with. This includes real estate agents, contractors, architects, lawyers, and property managers. Working with experienced, trustworthy professionals helps avoid delays, mistakes, and extra costs. A reliable team can also provide advice and guidance throughout your project. When you work with people who know what they’re doing, everything runs smoother, from planning to final delivery. Always check references and past work before hiring anyone for your project.

4. Check Zoning and Permits

Before starting construction or even buying land, always confirm that the property has the correct zoning for your intended use. Zoning laws control what can be built in an area, such as residential, commercial, or mixed-use buildings. Also, make sure that all permits and approvals are in place before work begins. Missing or incorrect permits can cause delays, legal issues, or even stop the project entirely. A simple check early on can save time and money later.

5. Don’t Put Everything in One Project

It’s risky to put all your money into one property or one area. If something goes wrong, your entire investment is affected. A better approach is to diversify, invest in different types of properties or in different locations. For example, you might own a mix of residential and commercial units, or properties in both city and suburban areas. Diversifying helps reduce risk and balance out returns if one part of the market slows down.

6. Plan for Delays and Extra Costs

Construction and development projects often run into delays. Weather, material shortages, or labor issues can push timelines and increase costs. Always plan for this by adding a buffer to your budget and schedule. Include extra funds for unexpected expenses, and don’t rely on everything going perfectly. A flexible plan helps you stay calm and in control when problems come up. Being prepared is key to avoiding major setbacks.

7. Know the Rules and Changes

Real estate laws and regulations can change, sometimes quickly. This includes tax rules, building codes, rental laws, and local policies. Staying informed helps you make better decisions and avoid penalties. Subscribe to local real estate news, join industry groups, or consult professionals regularly. Keeping up with changes ensures your projects stay legal and up to date.

Conclusion

Managing risk is one of the most important parts of real estate success. These seven tips offer a clear, simple way to reduce problems and build smarter projects. By doing basic research, choosing the right team, planning ahead, and staying informed, investors and developers can protect their investments and increase their chances of long-term success. Playing it smart leads to stronger, safer outcomes in any real estate market.