Hazel Advisory Blog

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'...

  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. K...