(5 min read) Commercial property management has maintained a solid position in the US economy for decades. According to the US Energy Information Administration, there are over 5.9 million commercial spaces in the US today. That number means job security for the many property management companies as well. Since 2020, the world has experienced a roller coaster ride through the pandemic. The ride continues as the economic toll is felt […]
(5 min read) According to a recent study conducted by Go RVing, “11.2 million American households own an RV. The age demographics related to ownership is split almost equally between those over and under the age 55.” Significant growth occurred in the last two years as more Americans sought ways to continue to travel without facing various restrictions from the pandemic. Additionally, as many people continue to work remotely, RV […]
(3 min read) As a property owner, it’s important to understand the way your property operates in order to assess the services you need to maintain compliance and maintain the property. A great property owner will be knowledgeable of the ins and outs of their property in order to maximize their profit potential. A commercial property in disrepair often reflects neglect from the owner and will not attract high-quality tenants. […]
It’s no secret that most employers currently face staffing shortages thanks to the varied experiences of 2020. Whether people faced layoffs during the great shutdown or they now wish to pivot their careers and head in a new direction, many employers find themselves working to fill spots with qualified candidates. It can be helpful to understand why people suddenly shifted; however, it’s important to not spend too much time considering […]
Many states already require it, and in the cases where the states do not, most property owners will require it. Today let’s discuss the necessity of renters maintaining a liability insurance policy to demonstrate adequate coverage in the event of an accident. What is commercial general liability insurance? According to The Hartford, “commercial general liability insurance (CGL) helps protect your business from claims that it caused bodily injuries or damage […]
(3 min read) As self-storage continues to be a great business to own and operate, owners often look for ways to add value for customers and increase their visibility within the community. There are lots of different ways to increase profit that we have covered in other blog posts. Today we will look at Amazon Hub Lockers and what’s involved with hosting. Information is readily available on the Amazon Hub […]
(3 min read) In the world of commercial real estate, investors are either looking for the next opportunity or creating one. It’s important to consider ways to set your space apart from competitors while also keeping in mind the need for low-maintenance and environmentally friendly spaces. Commercial properties that are currently in high demand include RV parks, apartment complexes, office buildings, storage facilities, and those with a high number of […]
A self-storage business has consistently been a good investment. Even with the current market, Neighbor.com reports that self-storage businesses across the country continue to run at 92% occupancy. The month in, month out for December 2022, was 0.95, which means that for every 100 people vacating a storage unit, only 95 tenants moved in. (Sparefoot.com) There are ways to turn a self-storage into more than just a storage facility. This […]
(a 3 min read) The single greatest challenge to property owners is attracting quality tenants. The right tenant will remove all the other obstacles a property owner may face like late or missed rent, property damage, high turnover, and legal issues. Let’s look at 5 ways to attract quality tenants with great property listings. Write descriptive listings Use great photos Utilize print marketing Post on social media Utilize the best […]
Since 2020 with the unprecedented response to the Corona virus, individuals and families have been looking for ways to continue to travel and enjoy life safely. The RV sales industry never closed its doors during the pandemic, which meant that people could still purchase RVs to use as needed. Manufacturing did suffer during this time for a 90-day period; however, it has now returned to normal manufacturing and retailers can […]
