Hazel Advisory Blog

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'...

  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...