How to Start Investing in Retail Real Estate
Investing in retail real estate offers numerous benefits for both investors and potential commercial tenants. This guide provides an overview to help you start investing in retail real estate.
Shopping Center Management: 5 Ways Proper Common Area Maintenance Can Lead to Increased Rent
A high-quality shopping center draws in crowds, providing a space for people to gather, shop, and fulfill various needs. Besides creating a desirable tenant-mix, a clean, safe, and aesthetically pleasing environment generates foot traffic, ultimately generating additional revenue for your tenants, finally leading to increased rent for the property owner. One key to maintaining this flow of traffic and repeat customers lies in the upkeep of the shopping center’s common areas. In real estate we simply call the term Common Area Maintenance, also known as CAM. CAM on a basic level involves keeping common areas like parking lots, landscaping, and sidewalks clean and well-kept. This enhances aesthetic appeal, improves safety and security, extends the longevity of infrastructure, promotes a positive brand image for the shopping center and its tenants, and increases customer dwell time and spending. For high-end or trophy shopping centers, common area maintenance could additionally include, changing out seasonal decor, maintaining a small park, maintaining outdoor seating for a food hall, hosting various events such as live music and more! Let's explore how these factors contribute to more customers, happier tenants and increased rent.
Understanding CAM Fees Related to Multi-Tenant Commercial Real Estate
When leasing commercial property, tenants, landlords, and property managers often encounter the term, CAM fees. CAM fees are a crucial aspect of many commercial leases. This article will delve into the essentials of CAM fees, including the types of leases that include them, their benefits, what they typically cover, and how they are calculated.
Why Isn’t My Property Renting? - Explore 8 Of The Most Important Factors Affecting Your Rental’s True Potential.
In the fast-paced world of real estate, a rental property that sits vacant should be worrisome for property owners. A vacant property isn’t generating revenue, it’s a target for squatters and if a pipe bursts, you might not find out until a few days later! When faced with the frustration of a property that just won’t rent, it's crucial to pinpoint the underlying reasons. From pricing strategies to the quality of marketing efforts, several factors can influence the attractiveness of your rental unit to potential tenants. Let's delve into these factors to better understand why your property might be struggling to find renters. Here are 8 ways to improve your chances at securing a qualified tenant for your property:
Why Is Breaking Into Real Estate Development So Difficult? Here Are The Top 7 Challenges And How To Overcome Them.
Navigating the world of real estate development feels like untangling a maze of complexities, where each layer adds another challenge to the mix, making the odds of a project taking off seem like a long shot.
If Your Landlord Is Requiring Your Business To Obtain Commercial General Liability Insurance (CGL), Read This Guide:
From the bustling kitchen of a small restaurant to the clang of tools in an automotive repair shop — every business is unique and yet, a common thread ties all businesses together: The liabilities or risks businesses face when operating.
What to Expect When Hiring Realicore As Your Property Management Company
Hopefully this gives you an overview of what to expect when you hire Realicore as your property management company.
What is the Difference Between Leasing Agents and Property Managers?
If you're in the real estate game, you've probably crossed paths with both leasing agents and property managers, but do you know the real differences between them? You might think that they are essentially the same job, and in some ways, they do overlap, but if you need a property manager, you definitely don’t want to hire a leasing agent as their roles, level of experience and end goals are different
Mastering Maintenance Costs: A Comprehensive Guide for Property Owners
Property maintenance is one of the most overlooked metrics in real estate investing. Many new investors who are eager to get their feet wet will leave maintenance costs out of the equation. When calculating if a real estate investment pencils, the long-term maintenance costs must be considered. The true cost of maintaining your property depends on many factors which we will cover in this guide.