When you have fantastic tenants who take good care of their units and pay responsibly, being a landlord is smooth sailing. However, a landlord’s job is a two-way street, and it takes work to keep your best tenants around long-term. If you are struggling to keep your tenants longer than not, consider the following things you can do.
The coronavirus has affected every industry and every person in some way or another, and sadly, commercial real estate is also taking a hit. Businesses continue to reopen in Maryland as cases slowly fall, but some business locations are likely to diminish.
Passive income is always desirable. Who doesn’t love the idea of reaping in wages without doing much work in the long-term? However, some may wish to be more involved in the process. When dealing with real estate, one has many options from which to choose and can take on the role of a landlord or a real estate investor. To see which one might be a better fit for you, read the brief analysis below.
A landlord has options when it comes to real estate. He can take on either residential or commercial properties, with plenty of subsets within each category. While there are numerous benefits in managing residential real estate, commercial property also has its benefits for landlords. See below a few reasons why commercial real estate might be a better fit for you.
When looking for a place to rent, one has a world of possibilities open to him. The type of building, the amenities, the location, and more are all at one’s front door of life. One of the most critical questions a future tenant can ask is about who manages the property and how. This fact can make a bigger difference than one might expect. Here’s what to know about renting from a landlord vs. a property manager.
Investors, owners, and property managers are dealing with unprecedented circumstances with their commercial properties, and retail stores are taking a hit across the country in current events. No matter what season commercial properties find themselves in, one must take appropriate measures to maintain a secure system to prevent and reduce damage from internal and external threats. Below are some general retail store security tips to consider for your commercial real estate.
In this age, America has seen the steady decline of the shopping mall. Competing with online sales, malls have less traffic than they used to. Are they worth keeping up? Most definitely yes. Not only are shopping malls needed in our society, but they also make great commercial real estate investments. Below is an outline of why this is the case.
As a landlord, you will most likely run into the problem of a guest who is staying longer than he should. It can be easy for someone to slip into a rental legally, but continue to camp out there longer than is comfortable. It is important to catch these incidents early on, to know the law, and to establish a guest policy before this issue ever happens.
The coronavirus will likely still be around for an indefinite time, yet businesses must reopen at some point soon. All across the United States, people are starting to reopen their shops, offices, and more. The time to get back into business is near. One must go into it cautiously, of course, which is why a reopening checklist may come in handy. While these guidelines are just suggestions, it may help you spark some ideas as the time draws near.
Attracting and retaining tenants in a commercial property of any kind always remains a challenge for commercial property owners and managers. With several key practices, however, relating to building maintenance and relationships with tenants, you can attract tenants that will form a healthy community.