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'...