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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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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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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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…
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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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If you own commercial rental space, whether many units or just a few, one fact holds true; in order to maximize profits on every space, you'll need a top property management company handling all the details. Let's be honest, it used to be that any old property management company was satisfactory. just so long as…
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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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In this day and age, the tasks of a commercial property manager are varied which requires managers to be flexible and have a broad skill-set. Property management primarily involves overseeing day-to-day operations of commercial properties (i.e: cleaning and maintenance), facilitating contract negotiations, communicating with owners about occupancy levels, preparing financial statements, and collecting rent. Below are some additional duties,…
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