It’s common practice to offer commercial lease incentives to well-qualified tenants. You want to get a good tenant in place who will stay for a long time and follow the terms of your commercial lease. The most popular lease incentives are tenant improvements and free rent. We always try to sign tenants without any incentives […]
Having a commercial lease that’s longer than a year or two provides benefits for both the landlord and the tenant. As a commercial property owner, you want to avoid vacancy and be secure in the fact that you’ll have guaranteed rental income for at least three years. Tenants often need to show they have a long term lease in place when they’re applying for business loans or financing. Both parties appreciate the security that a longer lease term provides.
There is a lot of back and forth that’s involved in negotiating a commercial lease. With residential properties, it’s a simpler process. You set a price and then find a qualified tenant who is willing to pay it. With commercial properties, you’ll set a target price and then have more to negotiate because maintenance, CAM […]
Emergencies happen, and at Los Angeles Property Management Group, we usually find that we’re dealing with a maintenance issue at a commercial property a few times every year. Property managers or landlords need to make an assessment at the time of the emergency to determine whether it’s the tenant or the owner who is responsible […]
When you want to rent out commercial property, you’ll find that it’s a bit more complicated than renting out a residential unit.
Managing a commercial property is a lot different than managing a residential property or a multi-unit building. At Los Angeles Property Management Group, we have a leasing agent who is dedicated to our commercial properties. If you’re wondering why you might need professional property management for your commercial space, there are a few specific things […]
First impressions are always important, and that’s why having maximum curb appeal is critical for your residential investment property in Los Angeles. Whether you are renting out a single-family residence or a multi-family building, the outside of that property will help swing prospective tenants your way if the outside of your property is appealing. Simply […]
When you’re placing a tenant in your property, you’re looking for someone who will take care of the home, pay rent on time, and follow the terms of your lease agreement. One of the best ways to avoid evictions and late-paying tenants is with thorough tenant screening. However, sometimes even the best tenants have financial […]
Renter’s insurance is an affordable way for tenants to protect themselves and their belongings while living in your property. If you’re a landlord in California, you should include the requirement in your lease contract that your tenants buy and maintain a renter’s insurance policy for the term of the lease. Author LAPMG View all posts
 
 
 
