Antenna rooftop revenue rights Budgeting, bookkeeping & accounting ar/ap, monthly reports Cost segregation to optimize depreciation and reduce tax liability Dumpsters, trash & janitorial vetting, contracting & oversight Energy procurement,…
The A-Z of Professional Property Management Series If you own a building you may manage it yourself or engage a "professional" property management firm to handle all of the details.…
The A-Z of Professional Property Management Series A is for Accounting… Accounting, because business is about the numbers. KEEN Realty understands the importance of the numbers for you as an…
B is for… B is for Budgeting. Every successful Investment Real Estate Property does not just have a budget, but uses budget”S” as the roadmap to achieve their goals. I…
“C” is for COST SEGREGATION By Tim Crockett You probably have heard the quote from Aristotle, “The whole is greater than the sum of the parts.” Well, here’s a case…
“D” is for Dumpsters, (and trash & janitorial vetting & Hiring) Hopefully Trash is one of those things you do not often think about. Toss something into a trash can…
E is for Energy Procurement, Audits, Sustainability & Resiliency When was the last time you audited your electricity bill? If you are like most people, you are now thinking, “Last…
F is for Forecasting and Long-Range Planning The difference between real estate and penny stocks is that real estate is a long-term play. Unlike a day-trader in the stock market,…
G is for Garage and Parking Management At KEEN we manage Industrial, Retail and Office assets for our investor clients and obviously parking needs and opportunities vary widely across such…
“H” is for Honesty and Integrity Let’s talk about two kinds of honesty here. I’d like to think that everyone operates with the mindset and commitment to be truthful and…
“I” is for Insurance… Three points important to think about here. One. In the Commercial Real Estate Property Management business Property & Casualty Insurance is a big deal and typically…
“J” is for Janitorial… One of the two most critical areas of operations in office buildings for tenants along with air conditioning, is their janitorial service. Typically, the cleaning crew…
The A-Z of Property Management K is for… K is for Keys, Locks, Access Cards, Alarm Call Receiving, Security Vetting & Hiring. Although most investor/owners and property managers realize that…
The A-Z of Property Management L is for Landscaping… L is for Landscaping Services, Interior Plant Program & Holiday Decorations. Having a well-maintained lawn, as well as shrubs and trees…
The A-Z of Property Management M is for… M is for Monthly Property Reporting. Investment real estate is intended to produce income and/or an increase in asset value. Waiting until…
The A-Z of Property Management N is for… N is for Network of Professional Services and Vendors. “It takes a village.” Successfully managing investment real estate requires having a proverbial…
The A-Z of Property Management O is for … O is for Ownership’s peace of mind, from improved service, increased revenue and decreased expenses. When an Owner makes an investment…
The A-Z of Property Management P is for… P is for PACE 100% Financing. PACE (Property Assessed Clean Energy) is the single biggest improvement in commercial real estate I have…
The A-Z of Property Management Q is for… Q is for Quality Control for Tenant attraction and retention. Investment real estate is dependent upon revenue from tenant leases. Too many…
The A-Z of Property Management R is for… R is for Repair/Maintenance: HVAC, Lights, Filters, & Cold Calls, Painting How many buildings do I see that are pushing “deferred” maintenance…
The A-Z of Property Management S is for… S is for Service Contracts: Life Safety, Inspections & Code Compliance. No one, including the fictitious Super Property Manager is the most…
The A-Z of Property Management T is for… T is for Talent Vetting & Procurement for Mangers, Engineers, Concierges, & Porters. T could have as easily stood for Team, because…
The A-Z of Property Management U is for… U is for Utility Management to Reduce Electricity & Water Expenses. A Few questions you or your professional property manager should be…
The A-Z of Property Management V is for… V is for Value Enhancement. It’s business, Increase the Value. The basics, keep the tenants you have, gain additional tenants, increase rents,…
The A-Z of Property Management W is for… W is for Way Finding Systems & Graphics. A well designed Way Finding System is required to meet certain code requirements, effectively…
The A-Z of Property Management X is for… X is for X-Ray & Medical Office Building (MOB) Management. There are a lot of different real estate asset classes, none probably…
The A-Z of Property Management Y is for.. Y is for Year End Tax Assessments. Commercial Investment Property’s assessed value is a bid deal. It’s big to the County to…
The A-Z of Property Management Z is for… Z is for Zoological “Critter” Management & Pest Control. Normal regular preventative pest control is among the things that most property owners…
The issue of reimbursable (the technical term is “escalatable”) operating expenses in commercial leases can generally be confusing to tenants. In our first article on this subject, we discussed this…
OK, OK, that title is really cheesy, I know. I hope it got your attention! Escalatable expenses are a commonly misunderstood concept in commercial leasing, but it is important for…
Todd with Keen Realty here, sharing some thoughts on how to prepare for the new year with less stress and anxiety. Many of us struggle transitioning from year end to…
It’s one of the busiest seasons of the year for property managers! Not only are we planning holiday functions and finishing up current year projects, but we are also attempting…