While online sales are booming as a result of the “Amazon Effect” and department stores like JCPenney, Macy’s and CVS continue to close their doors across the nation, the brick-and-mortars that survive today’s technological advances will be forced to consider creative ways to lure people from their couches.
Commercial Real Estate Technology: How New Trends Affect the Market Read Full Article »
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.”
Property Maintenance: How Much Should I Budget? Read Full Article »
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.
The Day-to-day Tasks of a Construction Manager Read Full Article »
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.
9 Questions to Ask Before Signing a Construction Contract Read Full Article »
Finding the right property manager can take time, but is well worth the effort. Get our list of five warning signs that it may be time to cut ties with your existing property manager and seek a new partnership!
10 Signs You Should Hire a New HOA Property Management Company Read Full Article »
One of the best ways to keep a tenant happy and ready to renew their lease is to manage tenant maintenance requests quickly and efficiently.
How to Best Manage Rental Property Maintenance Requests as a Landlord Read Full Article »
Millennials’ desire to buy homes has been up for debate for quite some time, but despite what you’ve read in 1,000 think pieces, millennials currently make up around 35% of the U.S. housing market. So if millennials do want to purchase homes, what exactly are they looking for in their starter homes?
Surprisingly Important Factors to Millennials Buying Homes Read Full Article »
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.
How Hiring a Property Management Company Affects Your Profit Read Full Article »
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.
Commercial Real Estate Development: What Does it Involve? Read Full Article »
While commercial property management can offer wonderful returns, the horror stories that surround it are enough to make your hair stand straight up off your scalp, turn white as the driven snow, and then fall out completely. Just consider the 2012 report from The Sydney Morning Herald about the arrest of a ring of criminals manufacturing $15 million AUD worth of drugs out of rental properties. Or the evicted tenant who left the stove on and almost burned down the property. Or a property with an unplugged refrigerator that had been left stuffed with meat — for two whole years.
Commercial Property Management: Pros & Cons Read Full Article »
