What Landlords Need to Know About Subleases
A sublease is an agreement between a tenant and a subtenant to a commercial space. In practice, subleases allow the original tenant to maintain their obligations to the landlord while the subtenant uses the office space. With help from a commercial property management company, landlords can navigate these legal agreements without stress. This article explains […]
Tracking Rental Property Expenses
Tracking rental property expenses are essential when managing your investments and avoiding problems with the IRS. An audit can create significant obstacles for you, so it’s best to organize your finances as early as possible. Professional property management consultants discuss which expenses to track and ways you can simplify the process. The following tips on […]
Reasons Why Good Tenants Leave
Property managers need to retain as many good tenants as possible. After all, you can improve the property and pay your employees well when you have more occupants. Living conditions increase when tenants abide by lease terms and take care of the property. Perhaps you’ve noticed that some of your best tenants have started leaving […]
When To Advertise Your Commercial Rental Listing
Finding someone to lease your commercial real estate starts with knowing when most people might look for a new space to rent. Advertising your commercial rental listings at the right time helps you earn the most interest, allowing you to choose which business you wish to work with. Below are five tips for knowing when […]
A Brief Guide to the Responsibilities and Duties of a Commercial Property Management Company
Commercial properties are standard asset classes for generating profit, but managing them takes time and effort. However, many property owners embrace services from a commercial property management company to handle daily operations. In the article below, we outline some of the services and responsibilities of a property management team. What Are Commercial Property Management Companies? Commercial properties […]
Commercial Leasing Industry Terms You Should Know
Can you believe that the commercial leasing industry in the United States is valued at over $220 billion? Simply put, there’s plenty of money to be made within this industry. Before you dive headfirst into profits, it’s worth learning about common terms. That way, you can always make informed decisions and know what to expect. Even if […]
6 Ways to Increase Commercial Property Value
Increasing your commercial property value can seem overwhelming. Fortunately, it’s not as complicated as you might think. There are many strategies to boost your number of clients and income. Why Should You Increase Your Commercial Property Value? Before diving into how to improve your commercial real estate valuation, we will look at why. Knowing why you should increase […]
What Is a Commercial Real Estate Rent Roll
What is a Commercial Real Estate Rent Roll A commercial real estate rent roll is a record of all the current leases for commercial properties. It includes important information about the history of the property and its tenants. This record is used by landlords to keep track of their rental income and expenses and to […]
Phases Of Commercial Leasing Explained
Commercial leasing can be overwhelming and complex for anyone new to the process. How does commercial leasing work? What can you expect as you dive into leasing industrial, retail, or office space for your business? To keep it simple, we’ve outlined three standard phases of the leasing process: Identifying your business needs Negotiating the lease […]
Types of Commercial Real Estate Obsolescence
Real estate investment profits are typically made over the long term. In addition, the average commercial real estate investment holding duration is between five and ten years. While this may be beneficial to investment gains, it also raises the possibility that specific property components will become obsolete over a period. One of the inherent problems […]
