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Tenant Improvement Projects

The purpose of a tenant improvement (TI) project is to provide a custom interior finish that meets a specific commercial tenant’s needs. A building owner usually starts out with space for lease in shell condition, meaning the space hasn’t been built out before. This is best because initial improvements can be made according to the needs of the first tenant who has contracted out the space. Once that tenant moves […]

Downsizing: Another Boost to Demand for Self-Storage

Demand and supply are among the gauges that determine how sound an investment in a self-storage facility might be. Not much reason to be concerned, however. The self-storage industry has been steadily growing strong for decades. Since 2012, self-storage has seen an annual growth of 7.7 percent. Many things are driving demand and among them is a downsizing trend. The following is information about benefits of downsizing—advantages which lead multiple […]

5 Ways Property Management Companies Protect Your Investment

Possessing the means to buy investment property doesn’t always indicate that you have the time, experience, or training to perform the essential services of a property management company. Managing residential or commercial investment property adeptly practically demands multi-faceted experience and training. Learn five ways a property management company protects your investment property, as follows. What is Property Management? Property management is a third party maintaining the overall operations of a […]

5 Reasons Self-Storage can be a Booming Business

Self-storage facilities are among the best business opportunities in the U.S. Many factors contribute to continued success of the industry, including the principle of demand and supply economics. Rent prices for storage services are similar to those for multi-family units, when considering cost per square foot. Another plus is the Argus Self Storage Sales Network. Argus is a national network of brokers who specialize in assisting buyers and sellers of […]

Trends in Commercial Tenant Improvement Projects

Competition to fill commercial retail space is getting stiffer, and trending commercial tenant improvements can help avoid vacancies. The Pew Research Center predicts that half the workforce will be made up of millennials by 2020. In keeping with the changing expectations of younger workers and employers interested in attracting the fresh pool of talent, certain tenant improvement projects are called for, including the following. Office Environments that Attract Millennials Millennials […]

Tips to Cut Self-Storage Expenses for Owners & Increase Facility Value

Self-storage ownership is a good investment for many reasons, including the fact that increasing profits can be simple. With creativity and attentiveness, self-storage facility owners can boost profits and cut expenses while also increasing value. Cut Costs There are many strategies you can consider that might significantly cut expenses for you, as a self-storage facility owner, including the following: Marketing Print advertising is expensive, and it doesn’t produce the same […]

Top 4 Ways to Reduce Facility Maintenance Costs

Unexpected expenses for facility maintenance and repairs can be a severe blow to a building operations budget. This is one of the reasons professional facilities maintenance services provide cost-saving benefits. The experience of using a streamlined approach to reducing building operating and utility costs helps commercial building owners to avoid expensive maintenance demands. The following are four of the top approaches pros use to reduce facility maintenance costs. 1-A Predictive […]

7 Reasons to Invest in the Self-Storage Industry

Performance of self-storage investments has been strong and steadily profitable for years, with no signs of a decline. Savvy investors recognize that the self-storage industry offers a low-risk opportunity to increase income. The following provides insights into the wisdom of self-storage investing. 1-Self-Storage Performs Well When the Economy Doesn’t While a 401K investment can dip and rise like a roller coaster, self-storage facilities are like a steady locomotive reaching its […]

Tips to Budget for Commercial Capital Improvement Projects

Any company that fails to budget for commercial capital improvements often ends up paying much higher costs due to lack of preparation. Capital improvements are necessary for enduring brick-and-mortar businesses. The following can help investment owners better understand the importance of budgeting for commercial capital improvements and begin setting funds aside for such projects. What Qualifies as a Capital Improvement? Capital improvements to commercial property improve the value or extend […]

Helpful Tips for RV Self-Storage

Self-storage for RVs is an important commodity for homeowners who own large recreational vehicles but don’t have the needed parking space. Oftentimes, homeowners’ associations have restrictions against parking RVs. Others don’t allow storage to be built that will accommodate an oversized vehicle. Florida attracts adventurers, including many who need self-storage parking for boats and motorhomes. In addition to providing RV spaces at a self-storage facility, business owners can further cater […]