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.
7 Ways To Improve The Security Of Your Property And Tenants.
As a property management company that manages a diverse range of property types in varying locations, security, and your implementation of it, can be equally as unique and/or difficult to dial in. Many properties seem to be crime magnets and if it's not one security breach, then it's another. So with that in mind..
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
Passive Real Estate Investing: Why You Need a Property Management Company
Hiring a professional property manager can save you time, money, and stress while ensuring that your properties are generating rental income and are well-maintained.
Top 5 DIY Property Management Programs for Self-Managing Landlords
Are you a landlord looking to manage your rental properties efficiently without a property management company? In today's digital age, there are several DIY property management programs available online that can make your day to day life as a landlord much easier.
How To Remotely Manage Rental Properties From Out Of State Or Out Of Country
We welcome you to the exciting world of remote property management -- where you can embrace your inner globetrotter while effortlessly overseeing your properties from afar! Here at Realicore, we are your trusted experts in passive real estate investing via tried and tested property management strategies, and we are here to show you the ropes of managing your properties across state lines or even international borders. So, pack your bags and get ready for an adventure as we explore the advantages and disadvantages of remote property management, share our best tips and tricks, and help you achieve passive real estate investing success from wherever you are in the world.
The Advantages of Hiring a Property Management Company for Properties that Require On-Site Management
Some property owners choose to hire an independent on-site property manager. Others will hire a property management company. It is important to understand the minute differences between the two. To some, hiring an in-house on-site manager seems like an obvious cost savings decision, however, it may end up costing you, the property owner, more in the long run. Is depending on a single person to handle all aspects of managing your property the most sound strategy? Would you feel more comfortable knowing you have an entire team looking out for you, your property and your tenants with built in redundancies?
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.
How To Reduce Vacancy Between Tenants
Did you know that on average, vacant rental properties can cost landlords around $1,750 per month in lost income?. Don't let your investment suffer from the dreaded vacancy periods that drain your cash flow and overall profitability. It is crucial to minimize these gaps between tenants to maximize your returns.
15 Must-Have Cleaning Products as Recommended by a Property Management Company.
Get ready to clean like a pro with Realicore Property Management's recommended products!
Top 4 Spring Maintenance tasks for your Multifamily Property
As winter comes to a close and spring begins to bloom, it's important for multifamily property owners to take care of maintenance tasks to ensure the longevity and safety of their property. Here are the top 4 spring maintenance tasks recommended by Realicore Property Management
Maximizing Your Rental Property’s Income: Realicore's Process for Finding High-Quality Tenants
As landlords ourselves, we know that a vacant property can sometimes feel like having an itch you can’t scratch. As enticing as it may be to quickly fill that vacancy and start cash flowing, you’ll need to properly qualify your potential tenants. In our experience, the biggest cost to being a landlord is having to evict a tenant that is either breaking the lease, has stopped paying rent or both! Either way, evictions are a messy and costly expense so it is important to get the right tenant in there from the beginning. If tenants are not properly vetted it could ultimately lead to potential headaches, legal issues, and financial losses. The search for a quality tenant may seem daunting, but with the right tools and strategies, it can be an rewarding experience.
Measuring Success With Your Property Manager
As a landlord, understanding how your property management company handles certain situations can feel a little mystifying, like their secret to success is hidden behind a heavy velvet curtain. Realicore Property Management is going to pull back the curtain and show you how we like to measure success. We measure success by analyzing these eight measurement points.
How To Break Up With Your Abusive Property Manager
Do you have a property management company that you just can’t seem to break up with? At first the relationship started out great, but now it’s stale and you carry all of the broken promises as baggage.