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 »
Landlords and commercial property managers find themselves beset by all sorts of concerns. Routine repairs and ordinary expenses. Changes in the competitive landscape and shifts in local zoning codes. Tenant complaints and specific compliance tasks. It’s enough to make one’s head spin.
Commercial Property Management Safety for Landlords Read Full Article »
According to the Project Management Institute, poor communication is the #1 reason for project failure. This is especially true in commercial construction projects due to the multiple stakeholders—the developer, architect, contractor, subcontractors, consultants, suppliers and investors.
Why Communication Matters in Commercial Construction Read Full Article »
Selecting the right HOA property manager for your community takes time and effort. Not only do you need to know what services you are buying into with prospective firms but you also need to understand their cost/fee structure so that there are zero surprises for your HOA. Before you hire a new HOA property manager for your Chicago condo community make sure you’ve asked detailed questions and feel comfortable – to ensure success, both the condo board and the HOA property manager need to develop a solid working relationship.
12 Questions to Ask Prospective HOA Property Management Companies Read Full Article »
Americans spent $420 billion on home remodeling in 2020. The pandemic changed how we use our homes—perhaps permanently—and kicked off a remodeling boom the is ongoing.
Home Renovation Dos and Don’ts Read Full Article »
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 »
Smart buildings have changed how we experience the built environment. Once deemed “cool” (and costly) features, smart building technology is a basic requirement for new builds—residential and commercial—and current owners view it as desirable for retrofitting existing, older structures.
The Future of New Builds: Integrating Smart Technology 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 »
Downtown Chicago is home to numerous public plazas and other open spaces where tourists can get a little respite from a day of shopping or sightseeing, and downtown workers can enjoy a cooling lake breeze while eating their brown bag lunch.
Plaza of the Americas: Maintaining a Historic City Gem Read Full Article »
