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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…
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How 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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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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4 Tips To Find an Excellent Commercial Property Management Company
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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Office Relocation Planning Guide for Your New Office Lease in Kelowna
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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Responsibilities of a Commercial Property Manager
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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