How To Handle An Inherited Lease?
Sunday, December 13
When purchasing an investment property, more than likely, that property already has tenants under lease. When you close on the building, those standing leases will become your leases. Most commonly, as long as they abide by the agreement they signed, the tenant will have the right to stay in the ...
Comparing Commercial Lease Types: Net, Gross, and Percentage Leases
Saturday, December 12
So you’ve decided to take the plunge into commercial real estate. Investing in and managing commercial properties is quite different than the residential market, and many of those differences start with the lease. New landlords often have limited experience with commercial leases and the differe...
Understanding the Importance of a Lease Addendum
Friday, December 11
Murphy’s Law has several subtle variations, but the general message is as follows: if something can go wrong, it will. Many landlords can vouch for this with their rental properties. The truth is that the longer you manage properties, the more problems you are likely to encounter. Your lease agre...
Month-to-Month Leases: A Landlord’s Guide
Thursday, December 10
(Note: The terms “fixed” and “annual” leases are used interchangeably. Both refer to traditional 12-month, fixed leases in the context of this article.) Twelve-month, fixed-term leases have long been the standard structure for residential rentals, but they aren’t the only option. Month-to-month (...
Requiring a Lease Guarantor: A Strategy for Safer Renting
Wednesday, December 09
Total insurance premiums in 2017 reached nearly $1.2 trillion dollars. Suffice it to say, Americans like to reduce risk when it comes to their financial investments. Homes, cars, and even lives can be insured. But as a landlord, other than your lease and an effective screening policy, there isn’t...
Save on Energy Costs for You and Your Tenants This Winter
Tuesday, December 08
Winter is far from over, which means more salt on the roads and heavy coats out of the closet. What it doesn’t have to mean is another month of expensive heating bills. Here are some ways to make your property more efficient so that you and your tenants can reduce energy costs and save money. Avo...