Creating a welcoming environment for new tenants is essential in today’s competitive rental market. As property management responsibilities grow, ensuring tenants feel at home from day one can significantly boost their satisfaction and retention. Happy tenants are more likely to renew their leases, reducing turnover and the associated costs. It’s a straightforward strategy: make a […]
Los Angeles Commercial Property
7 Types of Notices Every Landlord and Property Manager Should Know
Being a landlord or a property manager in the San Fernando Valley is not the easiest job in the world. You need to learn how the process work if you want to succeed in this job. You need to learn how to handle tenants and different types of notices to issue your tenant when they are not […]
The Advantages and Disadvantages of Month-to-Month Rental Lease
When it comes to rent collection method, landlords and property managers have to decide which method to adopt. You will have to choose between collecting your lease annually or month-to-month rental lease. These two methods have their unique advantages and disadvantages. The month-to-month rental lease allows your tenant to live on your property on a […]
How To Tailor Marketing Strategies For Vacancies At Your Unique Property
This article was published in Forbes on 2/29/2024 Marketing hinges on specificity. If all products and services could be marketed the same way, that would defeat the purpose, wouldn’t it? You wouldn’t try to sell a vintage Chevy Blazer by showing a trailer for it in movie theaters across America, just like you wouldn’t advertise […]
The Role of Rent Escalation Clauses in Commercial Real Estate
Rent Escalation Clauses in Commercial Real Estate Much has been made of the use of escalator clauses in the context of the viciously competitive residential homebuying market. Comparatively less is said about the use of rent escalation clauses in commercial real estate. Escalation clauses are exactly as they sound in that they increase the cost […]
The Importance of Inflation in the Context of Commercial Real Estate
Inflation has jumped nearly 7% in one year alone. This spike is the largest increase in inflation the country has endured since 1982. The cost of everything is up, ranging from food to automobiles and housing. Though the Federal Reserve initially characterized inflation as “transitory” in that it would eventually dissipate and possibly even give […]