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The Challenges of Appraising Multifamily Properties

Appraisal Buzz

Because appraisals are contingencies in 43% of contracts , you must find ways to accurately evaluate these properties. It’s not uncommon for people to have tenants or roommates, but you’ll typically find that isn’t the case with single-family houses. Reproduction refers to how much a replica would cost to build.

Appraisal 397
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How To Find & Lease Commercial Space for Rent in 2022 [Full Guide]

The Robert Weiler Company

A more established company might choose a commercial space to lease because the contract offers more security over the long term. Rent relates to a short-term agreement between the owner of the commercial property and the renter (or tenant – basically, the individual that pays a fee to use property owned by the other party).

Tenants 144
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In-House vs. 3rd-Party On-Site Property Managers: Which Is Best for Your CRE?

The Robert Weiler Company

To maximize profits and maintain good relationships with long-term tenants, the property manager must invest a lot of time and work. That means being responsible for most big-ticket property maintenance tasks like pipes bursting, appliance repairs, and fielding tenant complaints. Ideally, these disputes don’t end up in court.

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How to Find a Property Manager Company in Ohio

The Robert Weiler Company

Hiring the wrong property manager can result in missed rent, vacancies, poor maintenance, tenant dissatisfaction, and financial loss. A property manager is a liaison between the property owner and tenants, staff, or contractors. The objective of a property manager is to run the operation smoothly while maintaining tenant satisfaction.

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Execute a Commercial Property for Lease in Columbus, Ohio: Key Points

The Robert Weiler Company

When executing commercial property for lease in Columbus, Ohio, landlords and tenants each have different perspectives and interests. The standard term for commercial properties for lease is typically three to five years but some tenants need a longer lease term. Ensure your commercial property is ready for a new tenant.

Tenants 78
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What Does “Broom Clean” Mean?

Lamacchia Realty

People will often see “broom clean condition” on real estate contracts and rental leases but are unsure about what it means. While it obviously refers to how clean you should leave your home or apartment for its next tenants, exactly how clean is broom condition clean? WHAT DOES “BROOM CLEAN” MEAN? How to “Broom Clean” .

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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.