Hazel Advisory Blog

  Commercial property maintenance and repair is an essential part of any business’s operations. It is the process of ensuring that all physical elements of a commercial property, such as the building, grounds, and equipment, are kept in excellent condition. This involves regular inspections to identify any areas that need to be repaired, as well as preventive maintenance to prevent future problems. In this blog post, we will explore the benefits of commercial property maintenance and repair, innovative solutions for enhancing it, strategies for improving it, common challenges faced, technologies available, the advantages of outsourcing, cost-saving strategies, and courses available. What is Commercial Property Maintenance and Repair? Commercial property maintenance and repair is the process of inspecting, maintaining, and repairing a commercial property. This includes the inspection of all elements of the property, such as the building, grounds, and equipment, to identify any are

Subleasing can be a great option for businesses looking to save on space and costs. However, sublease management can quickly become complex, especially when it comes to expense recovery. Keeping track of sublease expenses, including rent, utilities, and maintenance, can be time-consuming and prone to errors. As a result, sublandlords may miss out on recovering expenses they are entitled to, or they may overcharge their subtenants, leading to disputes and legal issues. In this article, we'll explore how to simplify sublease management to ensure accurate and timely expense recovery. Whether you're a sublandlord or a subtenant, these tips will help you streamline your subleasing process and avoid costly mistakes. Common challenges with sublease management Subleasing can be a win-win situation for both sublandlords and subtenants. Sublandlords can make use of excess space and generate income, while subtenants can benefit from lower rents and flexible lease terms. However, sub

As a landlord, managing multiple properties can be a challenging task. One of the most critical aspects of being a landlord is to ensure that the rent, CAM (Common Area Maintenance), insurance, and property tax payments are accurate and timely. Managing these expenses can be overwhelming, especially when you have multiple locations to keep track of. In this guide, we will discuss the key components of each expense and provide tips for managing them effectively. By the end of this article, you'll have the tools you need to ensure accurate payments and maintain successful property management. Understanding Base Rent: Definition and Calculations Base rent is the amount of money that a tenant pays to a landlord for the use of a property. It's typically calculated based on the size of the property, its location, and the current market rates. Understanding how to calculate the base rent is crucial to ensure that you're charging the appropriate amount for the property you'

Photo by Pexels on Pixabay Property marketing strategies are the methods and tools used to promote a property and its features to potential buyers and tenants. Property marketing strategies can include digital marketing, traditional marketing, and other methods. With the right strategies, property owners and managers can maximize the visibility of their properties and maximize their ROI. What are Property Marketing Strategies? Property marketing strategies are the methods used to promote a property and its features to potential buyers or tenants. These strategies can include digital marketing, such as SEO and pay-per-click campaigns, as well as traditional marketing, such as print ads, direct mail, and radio or television ads. Property owners and managers can also use tactics like open houses, referrals, and networking to reach potential buyers or tenants. The goal of property marketing strategies is to create awareness of a property, increase visibility, and engage potentia

  Real estate lease administration is a complex and often time-consuming process. It involves managing the financial and legal aspects of a real estate agreement, including rent, taxes, insurance, and other related matters. It is essential for landlords and tenants to stay up-to-date with all their lease obligations and to stay compliant with local, state, and federal laws. To ensure that their lease agreements are running smoothly and profitable, landlords and tenants must be able to measure the success of their real estate lease administration. This is where key performance indicators (KPIs) come in. What are Key Performance Indicators? Key performance indicators (KPIs) are metrics used to measure the success of a business process. They provide insight into how well a business is doing in terms of its goals, objectives, and performance. KPIs are often used to measure the effectiveness of a business’s operations, including finance, marketing, customer service, and sales. KPIs

  Lease Administration is a critical component of commercial real estate management. It involves the management of all aspects of a tenancy, from initial lease negotiation to lease expiration and renewal. In order to run a successful commercial real estate business, it is essential to understand the role that lease administration plays and the best practices for managing it. This article will provide an overview of lease administration, its importance, benefits, and challenges, and will also discuss the role of technology and automation in lease administration, as well as how to find the best professionals to help with it. What is Lease Administration? Lease Administration is the process of managing a commercial tenancy in accordance with the terms of the lease agreement. It involves overseeing and monitoring the tenant's compliance with the terms of the lease and managing the landlord-tenant relationship. It includes activities such as collecting rent, monitoring and address