Maintenance and Repair Responsibilities for Commercial Property Management

Two maintenance workers fixing an outdoor air conditioning unit.

When leasing space to business tenants, investors and business owners understand maintenance responsibilities are key to keeping tenants happy and play a part in long-term tenant retention. How well a building is maintained directly reflects an owner’s commitment to creating a positive space in which business tenants can work productively.

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What are the Pros and Cons of Buying vs. Leasing Office Space?

Renovated open office space in an older building.

Business owners contemplating the tough decision of buying vs. leasing office space take a variety of factors into consideration in order to make the best long-term choice. While leasing commercial real estate offers quick-start solutions, buying provides multiple long-term benefits. Here are some facts to consider while weighing the pros and cons of leasing vs. buying the right office space for your business.

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What Every CRE Seller Should Know About a Sale Leaseback

Exterior view of large business building in a business park.

A sale leaseback option is a means of stimulating your business by improving cash flow while not interrupting your current daily operations. In a sale leaseback arrangement, the seller leases out the property they occupy immediately after selling the property to someone else. It frees up capital that was tied up in their CRE asset while preserving the resources that are critical to everyday operations as a business.

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10 Things to Look for in a Commercial Property Management Company

"For Lease" signs along a city street in front of a large building.

Property management can be time-consuming and dilute your focus on your primary goals. That’s one of the many reasons to secure a working relationship with a trustworthy property management company. A well-managed and well-maintained property attracts and keeps the highest quality tenants, assuring you success in your commercial real estate investment. A good property management company provides a smooth leasing process, timely maintenance, monthly rent collecting, and accurate financial records and reports.

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Kayla Sharp is New to McGraw Commercial

Kayla Sharp Welcome to McGraw Commercial Properties.

 

Kayla Sharp has joined McGraw Commercial Properties, the commercial division of McGraw REALTORS® Rockford office. Kayla is a Tulsa native and graduated from Oklahoma State University in 2015 with a Bachelor of Science in Design, Housing, and Merchandising and a Minor in Entrepreneurship. Kayla previously owned Mavyn Boutique which led to her focus in retail commercial real estate. In 2016 she obtained her Real Estate license and went on to get her Broker Associate license in 2018. Kayla is a Member of the International Council of Shopping Centers (ICSC) and Junior League of Tulsa (JLT).

The Importance of Due Diligence for Your Commercial Real Estate Transaction

Binders in a pile with a large blue binder in the middle labeled "Due Diligence."

Whether you are a new investor, a business owner, or a seasoned investor, history has proven that you can never underestimate the value of performing comprehensive due diligence when it comes to commercial real estate transactions. Executing the myriad of tasks necessary to successfully purchase a commercial real estate (CRE) property is not for the faint of heart. It pays off in the long run to conquer due diligence tasks prior to purchasing.

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14 Best Practices To Create an Annual Budget And Manage Your Commercial Property

Two business men going over graphs and data points related to a business.

Property investors and business owners desiring to obtain commercial properties, expand their business, and make a profit know how important it is to create an annual budget to manage properties both wisely and prudently. When it comes to annual budget projections as well as tax benefits, the new year offers the optimal opportunity to plan ahead for the success of investment properties in 2019.

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