Lease development for commercial properties can be a difficult process on both sides of the equation. Crafting a comprehensive lease can be a challenge for landlords while understanding what it says can be hard for potential tenants. Though leases of all kinds can come with their own complications, “most experts would agree that commercial lease …
If you employ electronic strategies to manage your property, or to work within your property management business in any way, then you need to understand the potential dangers associated with it. That is, in order to keep the information of your company and your residents or tenants safe, you have to be able to take …
Every property manager wants their tenants or renters to return. That is, they want to ensure lease renewal, since trying to find new people to fill those vacancies is always more expensive than retaining those who are present to pay regularly. So, how can you guarantee that renters will renew so that you aren’t losing …
This is a busy time of year for property managers: are you ready for it? Even the most seasoned managers have something to learn as new trends and habits among renters emerge, so make sure that you note common desires of your renter demographic in order to have the most appealing property to offer, whatever …
What makes a good property manager? It likely varies from location to location, but there are absolutely a number of core qualities and practices that can be found across the board of those who are most successful. In terms of working to be a great commercial property manager, it takes some different qualities than those …
If you’re a landlord or property manager, you’ve likely heard of Airbnb. In fact, you may have had issues with the company and the people who use it already, particularly if you live in a major city such as Washington D.C., New York, or Philadelphia. The site, and others like it, allow people to offer …
We’ve written before in this space about the transformation of the American suburban shopping mall in the face of changes in demographics, technology and consumer habits. Many mall owners and managers have responded by radically changing their mix of tenants. As retailers that cater to teens and millenials – like Aeropostale, American Eagle and Abercrombie & …
Everyone knows that the golden rules of real estate are “The Three Ls: Location, Location, Location.” But successful property managers have their own set of golden rules, said Marc Courtenay, founder and owner of Advanced Investor Technologies LLC. He calls them the “Three Ps,” which stands for “Personalize, Philosophize and Prioritize.” Writing for PropertyManager.com, Courtenay …
As 2015 kicks into high gear, it’s not too late for property managers to start making some New Year’s Resolutions for 2015. Good management practices, like the five listed below, increase net operating income, increase asset values and enhance tenant satisfaction. By implementing the strategies below in 2015, smart property managers can move closer to …
Collecting on overdue rent payments has to be one of the least pleasant and most difficult tasks of any commercial property manager. You have to be tactful, but you must also be firm. And you must do it the right way, both from the human and the legal perspective. Failure to do so could expose …