Janitorial/Maintenance

Janitorial Contracts: What to Consider as a Building Owner for your Commercial or Multifamily Building

Not all janitorial cleaning contracts are equal. Tenant satisfaction and post-pandemic cleaning standards are just some factors owners must consider. Commercial building tenants give little thought to janitorial services until there is a problem … a problem that may require immediate attention. Failure to deliver quality, timely janitorial services (along with basic maintenance services) creates […]

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How Hiring a Property Management Company Affects Your Profit

Hiring a property management company can be a big expense, especially in the short term. It can also save you money in the long run. If you have good tenants, a property in good repair, and you live nearby, you may not feel the need for a property management company. But when you live out of town, lose a tenant, and the property needs repairs, your accredited property manager becomes an important asset.

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Energy Efficient Condo Recommendations From HOA Property Management

Get tips from GNP Realty's HOA property management team on different ideas to present to your condo board about integrating energy efficient upgrades in your community. From water saving measures to window upgrades, such measures can cut not only individual homeowner association costs, but also increase home values for the entire community.

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Property Maintenance: How Much Should I Budget?

Being a successful landlord requires the ability to plan for all the routine and unexpected rental property expenses, starting with maintenance. But for many new landlords and investors, preparing an accurate rental property budget is easier said than done. Landlords often overlook many property maintenance variables when estimating rental income and profits. Sadly, some end up losing their properties as a result. As a landlord, the following rental property budget template should help you put aside enough cash for those inevitable “rainy days.”

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Implied Repair Covenants in Commercial Leasing

The United States traces its common-law heritage back over more than a millennia, and the statutes regulating real-estate transactions have changed substantially (to put it mildly). According to a study by Paula C. Murray that was published in the University of Richmond Law Review, “The tenant bore all the risk of the physical condition of the property — caveat lessee. The tenant could provide for landlord repairs in the lease, but could not withhold rent if the landlord failed to make those repairs. Additionally, the tenant assumed primary responsibility for the condition of the premises once he took possession of the property.”

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