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How to Switch Property Management Companies
Sometimes, certain business relationships just aren’t a good fit—that’s okay. The beauty of business connections is that they are primarily tied to how much sense they make for your company. Property management companies are a great example of this. But how do you switch property management companies smoothly? We break down the answer below in…
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Why Should I Use a Property Management Company?
As a landlord, you’ll make a lot of important decisions, and you’ve probably heard about other business owners making the choice to use a property management company. You yourself may even be wondering “Why should I use a property management company?” and “What is a property management company to begin with?” We answer both of…
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Why You Should Embrace Rental Inspections
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…
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Key Facts to Know When You’re Negotiating a Commercial Lease Renewal
Before signing any kind of commercial lease, it’s a good idea to discuss the commercial lease extension option. This is most commonly known as a commercial lease renewal. The range of a standard lease of this kind is typically around 5 years, but for many businesses knowing what opportunities they have to be able to…
Read MoreHow Do Tenant Improvement Allowances Work?
Subscription 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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What Are the Duties of a Property Manager?
A property manager definitely puts in the work to ensure all aspects of running a residential or commercial location are going smoothly. If you’re curious about becoming a property manager yourself you might be wondering, “What are the duties of a property manager?” Below we answer just that. What Are the Duties of a Property Manager?—Finding New Tenants One of the major responsibilities a property…
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Are Commercial Rental Property Repairs Made by a Property Management Company?
Whether your thermostat isn’t working or your shower isn’t running hot water, commercial rental property repairs often aren’t affordable. However, rental properties work differently than other types of property to get repairs done. If you own your home, then it’s up to you to pay for all the necessary repairs and either do them yourself or hire someone to fix them. The same isn’t…
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What Is a Build Out?
The construction industry has its own set of terms that help communication flow smoothly between architects and contractors, although it's often complete gibberish to most people. That being said, it can often be helpful to know what some of those terms are and what they refer to. For instance, a common question in commercial real estate is “What is a build out?” We…
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What Is Commercial Property Management?
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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