Signing a commercial lease is one of the biggest steps in a business owner’s entrepreneurial journey. While leasing a commercial space might sound intimidating, it really doesn’t have to be daunting, as long as you know what to look for beforehand. If you are ready to take the leap and help your business grow into…
Reducing operating costs is paramount for any business. Improving the operating costs of your commercial property also means putting yourself ahead of your competition. Owners should always be looking for ways to reduce their operating costs but the key is to do so without sacrificing the quality. So, what are the best ways to reduce…
Planning for emergencies in your commercial building is simply an essential part of good management. One of the most common emergencies you should be prepared for as an owner is a power outage because well, businesses run on electricity. These interruptions could significantly disrupt your operations, especially if the power outage is long-term. Luckily, there…
If there is one thing I know as an Arizona native, it’s that summers here aren’t for the faint of heart. The summer forecast in the Valley of the Sun includes blistering heat, increased energy bills, and of course, monsoon season. The Arizona monsoon season typically lasts from mid-June to late-September. While these rain storms…
With the internet at our fingertips, it can be enticing to read the first article that pops up on Google and assume that it has the most accurate information regarding investing in commercial real estate. The danger in this belief is that online articles are written daily which fail to dispel, or oftentimes even acknowledge,…
Whether you are a landlord or a tenant, one of the crucial terms to consider when negotiating a lease is the renewal clause. The renewal clause grants the tenant an option, or several consecutive options, to renew the lease for a set term or several set terms after the expiry of the initial term of…
As the owner of commercial property, you likely are tasked with a number of financial obligations when it comes to maintaining or making improvements to the building or land you purchased. You want to preserve the value and make a return on your investment. So, if you have the opportunity to save significant tax dollars…
If you have entered into a lease agreement for commercial retail, warehouse, office space, or any other building or facility used for business purposes, you may find yourself in a situation where changed circumstances make one or more provisions of the original lease unworkable or undesirable. When both parties to a commercial lease (the landlord…
When owning a commercial property, there are two main objectives to be accomplished: preserving the value of the property and generating enough revenue to return a profit. The best way to tackle these two objectives, is through proper maintenance. With proper maintenance of your commercial property you can more efficiently preserve its value and increase…
In today’s complex real estate markets, selecting the right commercial property management firm is one of the most important decisions investors can make. Trained, experienced, and creative real estate managers can obtain the maximum return on an asset by improving cash flow, retaining tenants, and increasing value. Frequently, investors seek advice on property management firms…