GNP Realty Partners and the National Association of Realtors® (NAR) collaborated to add Chicago to the list of global cities hosting the sculpture “Wings of Mexico” to pay tribute to Chicago as a diverse and welcoming city. The artwork is by internationally renowned Mexican artist Jorge Marín. In partnership with the Consulate General of Mexico in Chicago and Visit Mexico, […]
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Time and reliability are critical factors in the real estate industry. Efficient pre-planning and management ensures a project being completed on time and on budget. At GNP Realty Partners, our real estate project management services provide valuable oversight that minimizes delays, manages costs and optimizes property performance so that investors and stakeholders can be reasonably […]
When you're a landlord, rental properties typically require a lot of maintenance to keep them in tip-top shape. Because landlord maintenance responsibilities are specified by landlord-tenant law, knowing who is responsible for what and when in advance will eliminate the guesswork.
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.”
Committing to any kind of contract is a big deal, and even a simple construction contract can come with a very large price tag. Even worse, many people feel totally unequipped to safeguard themselves against all of the potential downsides of signing a legally binding document.
Construction projects quickly become price propositions. Construction managers and construction companies understand how volatile raw materials prices can put pressure on a project. For instance, Mortgage News Daily recently reported how “even though lumber prices have recently declined, the National Association of Home Builders (NAHB) says builders are facing some of the fastest increases of other building material costs in history.” And while savvy managers have long known how to hedge against that particular risk, other less obvious pitfalls have plunged many projects into delay, decline, and downright failure.
Despite the negative effects of the COVID-19 pandemic, commercial real estate in the United States still boasts an impressive valuation of $1.0 trillion, according to IBISWorld. Some experts also anticipate substantial growth for the sector in the coming years.
People want to learn how to lead well. Just look at the perpetually burgeoning publishing field of leadership manuals. From time-worn classics such as Sun Tzu’s The Art of War and Dale Carnegie’s How to Win Friends and Influence People to newer additions such as Good to Great by Jim Collins and The 21 Irrefutable Laws of Leadership by John C. Maxwell, there’s no shortage of practical and inspirational tomes about how to become a great leader. However, these books often run into a common issue: Because they’re written for a general audience, implementing their recommendations can prove challenging when applying them to a specific field.
Construction managers can have challenging jobs — and some might even consider them the most important part of an entire project. True, owners set the vision, and project managers oversee the entire thing, making sure it starts well and finishes strong. The role of a construction manager is different. Construction manager duties involve the starting and finishing of the structure (or structures), the task of turning an empty space into an edifice. Unfortunately, owners and project managers don’t always understand a construction manager’s daily tasks, so when issues crop up, so can unnecessary conflicts.