Find Property:

November 2024

The task of operating a commercial property, from rent collection to maintenance to lease administration, is enormously time-consuming. Therefore, many owners outsource this work to a property manager. Below is a list of what you should expect from your property manager. Rent Collection and Bill Pay: Collecting rent and paying bills must be handled every month and is very time-consuming. Your property manager handles both the property’s income and expenses for you. You should expect your property manager to provide both online and mail-in options for rent collection and to deal with delinquencies if any. Your property manager should also pay all

For those looking to get into the game, consider these 6 tips for commercial real estate investing. Evaluate you tenants: Tenant mix refers to the combination of various tenants holding leases in a property. In retail, a good tenant mix strategy considers how the retailers can share customers by providing an optimal mix of merchandise in one location. This is also referred to as adjacency. It is occasionally beneficial to lease to retailers who have competitors in close proximity. A consumer shopping for furniture, for example, is likely to visit several furniture stores if they are within close proximity to each other. For

Top