Be aware of these quality traits.
Who you accept as a tenant is one of the most important decisions you can make for your rental property. While finding the right tenant can be a stressful and overwhelming experience, there are a few indicators to look for when looking for the right person to occupy your space. Consider these three essential characteristics of a reliable tenant for your rental property as you search for the best tenant.
Figuring out how to price commercial property is a challenging task considering that there are many factors to think about. Depending on the specifics of your investment situation, it is recommended to use one of three methods to appraise the price of a commercial property. Here are some common approaches how to figure out costs for commercial buildings. (more…)
There is always work to be done when you own a commercial property. That is why it is essential to value the importance of preventative maintenance for your building. You’ll want to ensure that you maintain the upkeep of your building for yourself, guests, and the overall bottom line of your business. Before the harsh winter season, you should be sure to have your building inspected for quality purposes. Here are several tips for your company to implement this fall. (more…)
The addition of landscape lighting for your business can not be understated. Lighting options for your landscape is excellent for increasing the curb appeal of your business. Sufficient lighting for your company is important because it literally and figuratively impacts how consumers potentially view your specific brand. Here are several crucial advantages that your business has with landscape lighting. (more…)
The duties and responsibilities of property managers are pretty expansive. These vital individuals take on many roles and work with other business sectors. With that said, there more than likely will be times when things are running quite as smoothly. Listed below are four common challenges that property managers often face. (more…)
To invest in commercial real estate, it would be wise to know what commercial real estate is. This form of real estate covers a wide variety of properties, that usually gets divided into five categories. Also, each class has its unique subdivisions. Continue reading to learn more about all the different types of commercial real estate. (more…)
To be competitive, commercial entity hirers today choose newer buildings with more amenities, so you’ll need to upgrade and renovate.
As a commercial property manager, there is a lot to oversee in a commercial entity. This makes the management of commercial real estate quite challenging, especially for the less experienced. In our bid to help you out, we have compiled four tips to make you succeed in commercial real estate management.
A commercial real estate floor plan is essential to calculating load factor.
So you’ve finally decided on a great piece of commercial real estate to settle your office or business into. You hope your business will soon have a place where employees can gather and discuss with ease. However, there are still some factors you need to prepare for financially before jumping straight into a lease or rental contract. You are likely paying for a common area or building use fee on top of a rent charge. This includes areas that all tenants use, like a parking lot, elevators, and hallways. These are added to your monthly rent bill as something known as a “load factor.” Understanding what a load factor is is extremely important for properly budgeting for rent each month and also will help clarify exactly what you are paying for. This article will help clear up the often confusing terms and conditions of commercial real estate load factors. (more…)
Can you convert an office space into a residential unit? Yes! Here’s how.
In 2020, commercial real estate investors need to think of creative and resilient ways to keep their properties’ value high. One of the types of commercial properties that has had the most challenges is office buildings. Many companies are realizing that they can skip the monthly rent and work from home just as well. While there is value to working in an office, you as an investor may have to improvise. Converting commercial properties to residential ones is one possible idea.
Looking for a place for your business to call home? Here’s why you should invest rather than rent.
For small to mid-sized businesses, renting commercial real estate seems the natural choice. It’s what everyone does, right? Not so. Purchasing commercial real estate has its benefits as well, and for ambitious entrepreneurs who want to go for the long haul, investing may be the way to go for the following reasons.