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How to Improve Asset Management for Commercial Real Estate in Austin
Is your commercial real estate in Austin overdue on maintenance and are unsure where to begin? Whether you are a property manager concerned about property condition or an investor considering capital improvements, improving your asset management strategy is a great place to start. Asset management is more than basic property maintenance, repairs, and rent collection. […]
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7 Tips for Successful Commercial Property Management in Austin
When done correctly, managing commercial properties can be a profitable venture. But in order to reap the rewards, you are expected to put in the time to plan and build a deeper understanding of the industry. Explore the best practices and strategies that have come from property managers before you so that you can excel […]
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Triple Net Lease (NNN)
The NNN is rent in addition to base rent and the cost of utilities. Triple Nets are estimated for the year and typically paid together with rent each month. At the end of the year the actual cost of NNN is calculated and reconciled with the tenant if the estimation differed from the actual expenses. […]
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Hard Costs vs Soft Costs
When it comes to construction and Tenant Improvements, you may hear people refer to hard costs and soft costs. Since a Tenant Improvement Allowance usually only applies to hard costs, it’s important to know the difference between the two. Hard costs refer to the costs related to the physical construction of the building. Typically, they […]
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Overview of Commercial Real Estate Investments for Beginners
Investing in commercial real estate interests many people, but it is often riddled with challenges which can overwhelm those without a firm grasp on the subject. Like most investments, there are no guarantees in commercial real estate. However, if you have clear goals, a tolerance for risk, and good team behind you, it can be […]
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