Some owners question the need to invest in tenant retention when it’s a landlords’ market. But at some point the market will change – it always does – and when it does, if you haven’t invested in your building, you will suffer a double-whammy: you’ll need to upgrade to attract new tenants, and you’ll have less money to do it with due to an increased vacancy rate. Even with an older building, creative thinking and a 7-year plan can keep you competitive…
In this market, when all buildings are being closely scrutinized by insurers at renewal time, it’s more important than ever to improve your building’s risk profile to negotiate the best available terms. We break down some of the reasons behind the high cost of premiums, and give you some pointers on how to improve your rating.
Video content of Transpacific Property Managers discussing managing clientele property as if it were their own.
Small and medium-size businesses are working hard to serve their clients in new ways, take care of their staff, keep the lights on, and figure out government programs – without the benefit of large leadership teams or deep pockets. The extra pressure to “be more” and “do more” from marketers, government agencies and thought leaders can feel like one more stress.
During this pandemic, businesses are jumping on the “here to help” bandwagon with offers that are really just repackaged sales pitches. What our clients need from us now, are real results and effort – not lip service.
Over the years, I’ve come to see that it’s not just talent or qualifications that make the ideal employee – it’s their habits, attitude, and work ethic that can make the difference between someone I hire and promote, and someone who will not succeed at the job.
Stress is inevitable, but how you handle it, is not. Years ago, I took the advice I received during a skiing lesson and applied it to my life. Now, when I start to feel stressed, I adjust my stance…
Skillful management of family holdings requires a unique blend of personal and business skills. You need to be able to understand and manage group dynamics, know how to blend and balance family goals with business goals – and have the required experience managing a property day-to-day. Over the years, we’ve found that some basic practices can make all the difference…
Landlords ask us lots of questions about caretakers – from whether or not they need one, to how much they should pay them. We answer four of your most common questions here…
For landlords, there are pros and cons to renting furnished suites – but does it make sense in today’s market? We give you our analysis…