Commercial real estate is a great addition to any investment portfolio. When it comes to valuing commercial real estate there are many things you can do that improve the value of your property. We break down 3 of the key ones below. Valuing Commercial Real Estate: Make it Environmentally Friendly Environmentally friendly and energy efficient…
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Rental inspections, done properly, involve finding the “goldilocks” of timing. Having too many rental inspections means taking up too much time and souring relationships with tenants. On the flip side, too few rental inspections and serious damage might be missed getting fixed in time before it becomes overly costly. As such, one of the key…
Read MoreSubscription services like Amazon Prime offer a free month trial and internet providers offer two years on a lower fixed rate to get new customers—it’s clear that business incentives work. One of the main incentives that many companies look for in a commercial location is a tenant improvement allowance. A tenant improvement allowance is the total sum of money or per-square-foot…
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While similar to residential property management, in that certain duties are shared in both jobs, commercial property management differs in a number of respects. Commercial property management companies manage a wide array of commercial businesses to name one key difference. Offices, retail spaces, storage facilities, shopping centers, and industrial buildings across a number of fields and industries are all managed and leased…
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Office moves can be time-consuming and are usually much more complicated than moving into a new house. Communication and proper preparation are important to have the move go smoothly and efficiently. We detail the most important steps for your office moving checklist below. First Item on Your Office Moving Checklist: Set Up a Schedule You’ll need…
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While you may think that landlord skills are naturally inherited, you would be wrong! Many people feel they don’t want the expense of hiring a commercial property manager and feel they will do fine on their own. It is a common misconception in our industry. The benefits will outweigh the costs. Here, we will discuss…
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Most people are familiar with residential property management and commercial property management. Understandably, we often get asked, “what is industrial property management?” as industrial property is often perceived as the same as commercial property. However, this is not the case. Commercial property is divided into several different categories, one of which is industrial property. Further,…
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As someone who has recently become a commercial property owner, you may ask yourself, is it worth having a property manager? Who will find you new tenants when yours move out? Who will handle complaints about a store's mechanical operations that need tending to right away? Who will handle tenants who do not pay rent…
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Knowing how to calculate rentable square footage is extremely important, especially when you’re looking to lease a new commercial space for your business. A proper calculation of the space can help you save money. An improper calculation can make the difference between a great or awful commercial lease; since landlords often charge based on the…
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Your old office lease is up and it’s almost time for the new one to start! If you're feeling overwhelmed, perhaps you need an office relocation planning guide to help put things into perspective. Let’s be real—office moves can be daunting. There’s nothing simple about relocating an entire team of employees, much less moving high-value…
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