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…
Read More
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…
Read More
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…
Read More
The pandemic has changed the way we do a lot of different aspects of life and that includes moving. Because of various restrictions, simply trying to move everyone in an office on the same day may not be possible depending on the size of your company. We recommend creating an office moving checklist so that…
Read More
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 More
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 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…
Read More
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…
Read More
Once a lease ends you typically have two choices: find somewhere else to set up shop or look into lease renewal options. If you’re in an especially good location as a business, we recommend choosing the latter option. However, lease renewal is not without its own set of choices. We break down how to help you through the process below. Lease Renewal Options:…
Read More
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…
Read More