Most tenants (and many landlords) don’t differentiate between “leasing” and “renting,” assuming the existence of a legal agreement signed by both parties.
Renting vs. Leasing: Pros and Cons for Owners and Landlords Read Full Article »
Recent world events haven't exactly been kind to either tenants or landlords. The worldwide lockdowns resulting from the COVID-19 pandemic have led to radical shifts in commercial real estate. Millionacres reported that high-end commercial districts in New York have seen precipitous drops in cash flow, while Daily Business Review stated that some commercial property types in South Florida have watched their transaction values halve on a year-over-year basis.
How Rent Abatement is Applied in Commercial Property Leasings? Read Full Article »
Investors intuitively understand that there are significant differences between residential property ownership and owning commercial property. For instance, residential real estate is private property intended to serve the round-the-clock needs of individuals, needs such as shelter and basic living space. Meanwhile, commercial real estate has its purpose right in its name: commerce. These locations facilitate trade and usually house businesses rather than people looking to lay their heads down after a long day.
17 Key Differences Between Commercial & Residential Properties Read Full Article »
Chicago’s commercial rental market is expected to remain steady in 2023, with a slight increase in demand for office and retail space.
Future of Rental Rates for Chicago Commercial Spaces Read Full Article »
Whether due to a job change, a growing (or shrinking) family or because hybrid employment allows you to work from Hawaii, you may be faced with deciding whether to sell or rent your residential property.
Sell vs. Rent? The Pros and Cons of Being a Residential Landlord Read Full Article »
Recently a tenant in a residential building we manage approached the property manager to ask for a recommendation on a REALTOR® to list their unit for sale.
Benefits of Using Your REALTOR® for Property Management and Sales Read Full Article »
The retail property market was hit especially hard by the pandemic.
Fill vacant retail space with pop-up tenants Read Full Article »
When you’re an owner or landlord, selling a tenant-occupied home can be a real hassle.
5 Steps to Selling a Rental Property with Tenants in Place Read Full Article »
To many tenants, landlording seems like a risk-free way to basically print money, an investment approach with precious few downsides. How wrong that idea is! Veteran and neophyte landlords alike understand just how challenging and problematic a task it can become. Just consider the task of acquiring — and then retaining them. Some landlords swear that signing multi-year leases provides them with the best possible return, but does it really just open them up to more risk?
Why Multi-Year Leases Are (Usually) a Bad Idea for Landlords Read Full Article »
Whether you have a successful or struggling business, you may find yourself looking to get out of your lease. Your reasons may vary and include anything from needing a different space to requiring a geographical change, from struggling to meet your current rent to discovering that your landlord is more trouble than he or she is worth. In any case, when you’re wondering how to get out of a commercial lease, it pays to know your options — and one of the most important is a commercial lease buyout.
Commercial Lease Buyout: 7 Things You Need to Consider Read Full Article »
