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 […]
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 […]
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 […]
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 […]
Facility management has become increasingly sophisticated; as a result, more and more companies utilize professional facilities management services. Among the factors driving changes is an increased emphasis on operational efficiency due to heightened levels of corporate cost-consciousness. In addition, tenants have increased dependence on technological tools, computer networks, and telecommunications systems. The job continues to evolve. Below are three of the latest trends in facilities management. Employee Experience Enhancement […]
As the owner of a self-storage facility, one way to increase revenue is to reduce maintenance spending. Staying on top of needed upkeep is less expensive than waiting and having to make significant repairs later. To keep from getting caught off guard with the cost of repairs, it’s smart to save money and set it aside for that purpose. The following are three common types of maintenance neglect at […]
Renting out commercial space is more challenging than keeping multi-family units filled. The good news is there is more you can do after checking off all the usual boxes. Add the listing in Zillow–done. Buy ads in local publications and place a for-lease sign out front–check. When you think outside the box or tap into the great ideas of others who do, you expand the possibility of maintaining a […]
Property management of commercial office buildings has a huge impact on whether or not low- to no-vacancy status can be maintained. Every commercial tenant is directly affected by the actions of the property manager, in countless ways. Successful office property management keeps the tenants happy and safe while providing building efficiency that helps to cut costs. Learn more below about how to achieve successful office property management. 1-Tips for […]
Florida is home to a multitude of waterways, in addition to having the longest coastline in the contiguous U.S. The Sunshine State is the perfect place for recreational activities and for boat/RV storage. If you are considering making changes to add boat/RV storage to your existing self-storage facility, the following information could help. Boat Sales Continue Increasing The U.S. boating industry recently reached a 10-year high in sales, according to […]
There is a disparity between the benefits realized by hiring a professional property management service for a commercial retail facility and the number of do-it-yourself commercial real estate principals. The advantages provided by property managers are substantial, but many commercial property owners choose to go it alone. In the vast majority of cases, it is inefficient and costly for an individual to manage their own property investments. Below are insights […]
