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The beauty of having long-term tenants is being spared from additional expenses. Frequent turnovers mean periods of vacancies as you market the freshly vacated rental unit. When you have an unoccupied rental space, you’ll also be parting with your financial reserves for maintenance bills. Along with that come marketing costs. Aside from monetary spending, a landlord is also required to have wider pockets of time to conduct tenant screenings. Thus, it makes more sense to focus on gathering long-term tenants. Here are ways to inspire renters to s…

Would a bank release a loan to someone without a contract agreement? No, the bank wouldn’t. It’s the same way with renting out your property. You’d want to make sure that a clear lease agreement exists and is signed by you as the landlord and the renter. A leasing agreement binds both parties and contains the landlord’s responsibilities, policies, clauses, and disclosures. A solid lease agreement will also act as a guideline to procedures for specific situations. It provides details such as the methods of rent payment available and how to repor…

By Mary Ryan, Contributor Thanks to Chip and Joanna Gaines, Martha Stewart, HGTV, DIY Network, Pinterest and numerous other home-focused professionals, programs, websites, blogs and publications, home improvement and house flipping have become trends embraced by nearly every American on some level. The general public is now privy to a secret that commercial investors and property owners have known forever: strategic improvements can add outsized value to assets, whether you plan to hold it for the long or short term. For many of these commercia…

By Contributor, Mary Ryan For Gen Z, Millennials and even the youngest Generation Xers, the concept of smoking in the workplace, restaurants, gyms, malls, movie theaters, airplanes or any public place is almost inconceivable. As recently as the 1990s, however, nearly all businesses still allowed smoking indoors despite evidence that both first and secondhand smoke cause cancer, emphysema, asthma and numerous other illnesses. Smoke also played a huge role in poor indoor air quality in commercial buildings, which has been linked to employee dissa…

COVID-19 has clearly impacted the retail and office environments, although it seems we have been moving in this direction for quite some time With the increase of Live/Work/Play developments, it begs the question was this the inevitable future of commercial real estate? Are we moving towards on site recreation and coworking spaces being the norm? Cities like New York became the global hub of commerce because they are the central locations for global headquarters, advertising agencies, large banks, monetary exchanges and the like. As we approach…