Hazel Advisory Blog

  As a property manager or landlord, managing leases can be a daunting task. One of the most challenging aspects of lease management is calculating and collecting percent rent payments. This is especially true when you have multiple tenants across different properties. It's not uncommon for lease managers to struggle with running reports and entering payments accurately and efficiently, which can lead to missed payments, delayed revenue, and even legal disputes. Fortunately, there are ways to streamline the lease management process and make it more efficient. In this article, we'll explore how to simplify the process of running reports and entering payments for percent rent so you can focus on what really matters: growing your business. From using automation tools to implementing a standardized system, we'll cover everything you need to know to manage your leases like a pro. Understanding Percent Rent and Its Importance in Lease Management Before we dive into the detail

  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'