Property management can be a big and sometimes overwhelming job. Here are some of the most common mistakes that can make the job of being a landlord more difficult. Common Mistake #1: Neglecting, Deferring Maintenance It has been my experience that deferred maintenance is the No. 1 most common problem. As a property owner and landlord, it is your responsibility to keep the buildings in good, operable condition. Not only is this necessary for its value, but also for the safety and … [Read more...] about Top Five Mistakes Owners Make in Managing Properties
Cooper Anderson
Knowing the Three Principles of Commercial Property Management
This month, I am going to talk about making the most of your commercial real estate Investments. Commercial property ownership comes with a number of challenges that require a solid foundation of management basics. Once you know the basic best practices, commercial investments can be a very lucrative and rewarding investment and income strategy. The three basic foundational principles listed next are the things that every professional commercial property manager prioritizes in order to … [Read more...] about Knowing the Three Principles of Commercial Property Management
Understanding Demographics and Their Role in Commercial Property Management
When we think of demographics, commercial property management is not the first application of such data that comes to mind; however, as a commercial property owner, you are missing opportunities if you ignore today’s swiftly changing demographics in the United States. Let’s start with the basic questions: what are demographics, and how do they impact my commercial property? Demographics are defined by the Oxford Dictionary as “statistical data relating to the population and particular … [Read more...] about Understanding Demographics and Their Role in Commercial Property Management
What Commercial Property Managers Need to Know
Managing your commercial property is not as straightforward as it once was. In our ever-changing economy, there are so many factors in managing your building. It requires a significant amount of time and investment to stay abreast of the current trends, laws and market conditions. With our current economic conditions, it is even more critical that you have a strategic plan in place to minimize your exposure, utilizing some basic management principles. Listed below are the key factors I … [Read more...] about What Commercial Property Managers Need to Know