If you had an examination starting tomorrow, would you be ready? If one of your critical third parties announced it was ceasing business, would you be prepared? If there’s a big data breach at one of your third parties, are you notified? Unfortunately, sometimes the answer to any of these is, “No, I didn’t see…
Whether you own a shopping center, office building, restaurant, or retail store, failing to invest in maintenance now will cost you in the long run. As an owner, you want to do your best to ensure your investment is protected. How to accomplish this: preventative maintenance In this blog post, we will discuss the benefits…
As an owner, you likely know that your prosperity hinges upon your ability to create a personalized experience for new and existing tenants. However, developing a strategy to accomplish this goal is not always easy for busy commercial property owners who often struggle to find the time to manage multiple aspects of their investment. In…
As a property owner for commercial businesses, you have a lot on your hands as a real player in the commercial real estate industry. Real estate is, and always will be, competitive and ever-changing, which is why it can be challenging to stay ahead of the game and increase the value of your commercial property.…
A key factor in any successful commercial real estate business is the vendors the stakeholders work with. However, many business owners underestimate and underinvest in the management of their suppliers. Simply speaking, vendor management. In this blog post, we will explore what vendor management is, strategies on how you can improve your vendor management, and…
Commercial real estate transactions often have long-lasting consequences including the ability to gain or lose a significant amount of money. If you are interested in purchasing commercial property, having the right information at your disposal is crucial. Luckily, there are steps you can take before buying a commercial property that will help you determine whether…
While keeping tenants happy and satisfied is critical to the success of any investor, one of the common mistakes that owners make is failing to foster a great working relationship with their tenants. As an owner, you set the bar for your commercial properties, including the relationships you have with your tenants. Sure, nurturing a…
In an ideal world, you would never have to find new tenants for your investment properties. You would purchase the property, make any necessary upgrades and repairs, find a quality tenant to fill your space, and voila! You are set for years to come. Unfortunately, this is not a very realistic scenario. While it’s nearly…
Whether you’re interested in a future venture of investing in commercial real estate or you currently own commercial property and would rather have someone else handle the details, you should consider hiring a property management company to take the reins. Choosing a property management company is a big decision, and not every company will offer…
Various unwelcome situations can occur during the implementation of a construction project. Undesired circumstances such as extreme weather events, industrial accidents and technical failures, can cause significant damage to a project, varying from delays, extended costs and changes, to even complete cancellation. Whether it is a severe storm, a site-specific fire, or the loss of…