The tenant experience is very different depending on the person renting the property. Some may not pay rent on time, some may be loud, and others keep their property nice and tidy. As a property manager, one of your jobs is to keep the good tenants and evict the problematic tenants. This is a tough position to be in. It requires a firm hand to tell someone when it is time to shape up or leave. Bad tenants can push out your good tenants, which is why when you are having issues with a bad tenant, it is crucial to speak with the good tenants to assure them that you are doing your best in taking care of the problem.
Blog
Why Hire a Property Manager? by Ryszard Wojtuniecki
Managing properties can be a burden; dealing with tenants not paying rent, figuring out fluctuating market prices, filling vacancies, and addressing property maintenance is difficult for any one person. Property managers are experts at all the above. They take care of the everyday responsibilities for your property, so you do not have to stress or spend hours trying to resolve issues. Property managers are experts and understand the hassles and that rental owners experience. If you need help with your property, contact Ryszard Wojtuniecki.
Ready and Upgraded For Winter by Ryszard Wojtuniecki
Ryszard Wojtuniecki getting his commercial properties ready and upgraded for winter. Each year he applies his 10 point readiness list. If you would like to save money during winter, preparing your property saves money. Insulating your doors and windows, cleaning your gutters, drains. Prevention is always less costly then expensive repairs.
New Building Designs and COVID-19 Prevention Measures by Ryszard Wojtuniecki
COVID-19 has been devastating for the world for both health and economic security. The pandemic has also changed how people are viewing property construction. There is now need for cleaner building design and air filtration which has been key to reopening businesses. Building designers have been creating new construction plans that will help with air circulation and implementing systems to reduce particles from entering the air. Businesses are also adding outside space including terraces, so that employees may work outside where disease transmission is reduced. Other companies are installing blue lights and changing the inside of buildings floor plans to be more open, allowing people to physically distance more comfortably. The virus has sped this process up for many architects. Work spaces will continue to evolve as we learn more to best meet the changes in our world.
2021 Commercial Real Estate Investment Opportunities by Ryszard Wojtuniecki
Many commercial properties have dropped in value. Investment opportunities have fallen a total of 38% in 2020, but things are looking up as we move into next year! The projected investment opportunities are expected to rise to as much as 50%. This may be an advantage for investors to begin buying. If you are someone looking to get into the commercial real estate business, according to the projections, now may be the time to buy and invest in property.
The effects of COVID-19 on Commercial Real Estate Income explained by Ryszard Wojtuniecki
Commercial property values have started to decrease as a record amount of people are working from home and stopped coming into the office due to the pandemic. It only makes sense that commercial property values have started to decline. Banks are challenged as there has been a reduction in new property loans, plus they are an integral part of the new loan forgiveness for businesses. Other properties having trouble obtaining a steady income are hotels whose occupancy is 29% below pre-crises levels and restaurants, 100,000 have closed in the last six months. COVID-19 has affected our health and economy. This is our new normal and we must learn to adjust to move forward.