Commercial Property Management – Tenancy Schedule Tips Tools and Tactics

The tenancy schedule is the tool of choice for a property manager or leasing manager in a commercial or retail property investment. It is the tenancy schedule that will keep the property manager up to task on forthcoming events and dates.

Often you find that the tenancy schedule is not up to date, so if anyone gives you such a document, treat it with the caution it deserves, and check it out completely before you act on the information contained therein.

So let’s say that you have a great tenancy schedule that you know is totally accurate. I get many questions about what I would want to see in a tenancy schedule. Here are my main priorities:

  • Details of the tenant name, lease, and full contact detail for emergencies
  • Tenancy identifier or suite reference that comes from the plan for the property
  • The area of the tenancy in m2 or ft2 (depending on your unit of measurement)
  • The % of the tenant area to the building net lettable area
  • The rent $’s per annum, per month, and per unit of measurement (m2 or ft2)
  • Lease start date
  • Rent start date
  • Lease end date
  • Term of lease
  • Option term of lease
  • Anniversary dates and reminders for rent reviews, options, expires, renewals, renovations, and make good obligations
  • Outgoings charges for each tenant on the basis of area and monthly charge
  • Outgoings budget for the building
  • Total outgoings recoveries for the property on a currency and % basis
  • Types of outgoings to be charged to the tenants
  • Insurance obligations of the tenant
  • Rental guarantee details or bonds held
  • Provision for critical dates relating to any important lease term or condition
  • Maintenance obligation details of the tenants

This list is not finite and you can add your own extra priorities, I would however make sure that it is totally correct and maintain it to the highest level of accuracy. When you do this you can stay on top of important upcoming events that will impact the occupancy or rental of the property.

Whilst you can buy ‘off the shelf’ software programs that display this above information, that can be quite expensive for those commercial and retail property managers that are first entering this type of property. The alternative is to create some simple spread sheet that contains the data; in saying that, it is essential that great care is taken to maintain the spread sheet that you create. Any errors in the tenancy schedule can destroy your landlord, your business, your tenant, your reputation, and the property. Accuracy is paramount.

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Tips For Choosing a Real Estate Appraiser

Whether you’re investigating the value of your own property, the potential of an investment property or trying to obtain financing for a home, you’ll need the services of a certified real estate appraiser. If you’re trying to hunt down the value of a particular property and need to hire a real estate appraiser, keep reading for some tips on how to locate a quality person.

1. Ask your Bank

Because most lenders require proof of the value of a property before they will finance its purchase, they can often recommend trusted appraisers that they work with on a frequent basis.

If you trust your bank or lender, ask your mortgage agent for an appraiser recommendation.

2. Check with your Real Estate Agent

Your real estate agent is there to help you make this sale happen. Since they work in the business, they deal with appraisals and appraisers every day. Likely, your agent will be able to recommend a number of appraisers that they work with and trust.

3. Opt for Experience

The value of a home, whether you’re buying or setting an asking price, is going to depend largely on the appraiser’s recommendation and appraisal. Hiring the wrong appraiser or an inexperienced person could cost you a lot of money, whether you set the asking price for your house too low or you buy a home that’s simply not worth its stated value.

When hiring a home appraiser, look for experience and good references, not the cheapest price.

4. Ask Family and Friends

Some of the best recommendations come from our trusted friends and families, so ask around. If a member of your family or circle of friends has recently purchased a home, ask them about their appraiser and whether they would recommend them.

When hiring a service provider on a recommendation, always mention that you were referred to their business and who gave the referral. Referral-based business can often go a lot smoother than a cold call.

5. Check Online Customer Reviews

Many consumer review sites, like Yelp.com, let customers review and rate service providers and businesses in their area. These sites let you read actual customer reviews that include the good, the bad and the ugly about a particular business. So, before you hire, check online for customer reviews and comments.

Hiring a real estate appraiser is necessary, but also easier than it sounds. To get the best results, ask your bank, real estate agent and family and friends for recommendations. Finally, remember to opt for experience and check available customer reviews.

Muxe – The Innovative Platform for All Your Real Estate Needs

MUXE is a one-stop platform that facilitates from buying your DREAM HOME to getting RENTAL income from your extra space, inspired with latest INTERIOR DESIGNS tips, sourcing best MAINTENANCE contractors for your property to ordering HOME IMPROVEMENTS to spruce up your current pad.

This is easily navigated by MUXE interactive platform that can help even the average users to find their needs adopting latest technology on Augmented Reality and Virtual Reality apps. With these tools, it will help the user to make important decisions better in a secured P2P platform.

Muxe has complete transparency, extravagant research, a revolutionary blockchain, delivered with the ultimate security. Wonderfully stabilized which is fully encrypted with unlimited accessibility. A wonderful unique of a kind technology. Completely comprehensive and most certainly completely flexible. And in the end, it’s suited to your choice.

On the 17th of May, we were invited to speak about Blockchain and Crypto at an event by Ondernemen in Bedrijf and Pakhuis met Pit. During this day we shared an advanced workshop on Blockchain and Crypto. The main topic that we spoke about was “The impact of Blockchain”, Ondernemen in Bedrijf has hosted multiple sessions about Blockchain and Crypto at different locations in the Netherlands. According to several specialists, Blockchain will change the world like the Internet has done.

There is a lot being written about blockchains, bitcoin, and related technologies, and for many real estate professionals, this is part of a brave, new, confusing world of technology. Like the original internet, the blockchain is a revolution in technology that will touch all people and all businesses. So people are paying attention, but many still don’t understand what the blockchain is.

Imagine that you and your best friend Bob are standing on a stage in an auditorium, and there are 1,000 people in the audience. In front of these 1,000 people, you hand your car keys to Bob, and Bob hands you his watch. You declare, “Bob, you now own my car.”

Bob declares back to you, “You now own my watch.” There are 1,000 witnesses who can each declare, without doubt, that your car now belongs to Bob, and the watch belongs to you. If anyone in the audience later tells a conflicting account of who owns the car or the watch, the other 999 people will refute it. And, if you take a spare set of your keys and try to give that same car to someone else, the 1,000 audience members will confirm that Bob owns the car, as each of them witnessed the “transaction.” This is the essence of how the blockchain works.

We are happy to introduce the innovative search engine for Real Estate. http://www.searchestate.net search results are carefully selected by our team. When you are looking for a house or service the Search Estate help will help you find what you are looking for in no time.

Search Estate is the innovative search engine for all your real estate needs. Whether you are looking to buy a new home or to find the latest demands in the real estate industry you can find it all on Search Estate.

We are only adding the best real estate websites to the engine to ensure the highest possible quality of search results. The Search Estate currently provides 3 ways of searching. That includes Web results, Photos, and Videos.

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But you can also check out searchprofession.com searchmaintenance.com or http://www.searchexchange.net We plan to introduce more of these search engines over time.

UI & UX

Our UI features will allow the user to quickly search, view, locate and trace their preferred or favorite products and services for future

references. It will have a clean, user-friendly and simple design to cater to the wide age group of users. Recommendations, Guides, and Tips

It is essential to place a system for recommendations, guides, and tips that can be turned on or off when desired by users during their

browsing, search or transaction. These components can assist the user in their decision making and optimize their experience on the

platform. Up to Date Technology

MUXE will offer new and up to date technologies and plug-ins such like AR and VR apps to assist our users when choosing paint colors, interior designs, furniture, viewing of an apartment, comparing new designs and layouts, which traditional method would not have been possible.

The MUXE platform allows their users to list for rent, buy or sale of properties, contract services, scheduling movers, to purchasing home improvement equipment. MUXE token is the cryptocurrency for all transactions on the platform. Our blockchain technology is based on Ethereum ERC20 platform.

The community of MUXE token holders helps create the value and relevance of the token. The business we are building on blockchain and cryptocurrency provides a huge opportunity for growth and expansion for the various industries supporting real estate. This is the way, MUXE can revolutionize and evolve with the ever-changing demands of the consumer’s world.

To be a transparent hub for buyers and sellers to interact and work together. We aim to better the crypto market as a whole,

incorporating one more cryptocurrency that is genuine.

The past 2 months a lot of changes occurred within the MUXE project. The core had to meet up with a lot of people and great partnerships were established. We have spoken to many interesting people among them #jameskeddie #mikemorrit #kingsleyennis #andreledoux #silvanosoares #rutgerjanse and many other great people and companies that operate in the crypto and blockchain industries. Many of them are showing great faith in our project and mentioned that the potential of the project is huge.

The past 2 months was all about finalizing our Whitepaper and Roadmap. We are proud to say that we have finished both our Public and Investor whitepaper and a 3-year plan Roadmap.

To learn more about what we are building please visit our website.

http://www.muxe.io