Several factors influence the rental cost for building owners. Understanding these elements will help you better manage your property and anticipate expenses. Here are some key factors to consider: Additional Costs Additional costs are a significant factor in determining the overall cost of renting for...
This is more of a gut feeling on behalf of the property manager. An experienced one can anticipate the relative amount of effort required to manage a building by viewing its condition, the number and type of tenants, the diversity and complexity of the in-place leases, and the owner’s co...
Clickstay and Rentalsystems are two sides of the same coin. Rentalsystems allows owners and agents to manage their properties: so create property listings, setup prices and availability and handle bookings. You can also use Rentalsystems to manage your owner tools such as creating a dedicated prop...
‘Closing costs’ is a term that describes the fees and charges that buyers need to pay when they complete a legal property transfer. Once a buyer has made an offer and had that offer accepted, a contract will be drawn up to begin the property exchange procedure, and the assignment of c...
How to Manage Project Costs in 5 Steps The four steps below outline how the cost management process works in project management. 1. Resource Planning Resource planning is the process of forecasting future resource requirements for a business, project or scope of work. To create a resource plan,...
We can help you identify and claim valuable tax deductions on your property. Our expert team will work with you to identify potential savings and make the process simple and completely hassle-free. A maven is someone who is an expert or connoisseur in a particular field. The term implies not...
Who needs to pay for termite heat treatment, landlord or tenant? Landlords should treat any pest problems before renters arrive. The lease itself should state what happens in the event of pest infestations during the rental period. At the same time, it is the tenant’s responsibility to minimi...
Advance Provisioning Allowance (commonly referred to as APA) Irrespective of the charter contract it is important for guests to be aware of the Advance Provisioning Allowance (APA). The APA was designed to enable charterers to manage their expenses through a clear and trackable arrangement. An APA...
rental payments and payment of Property expenses and maintenance; (h) Conduct periodic on-site property visits to some or all (as the Advisor deems reasonably necessary) of the Properties to inspect the physical condition of the Properties and to evaluate the performance of the Property Managers;...
Rent expense is the cost incurred by a business to utilize a property or location for an office, retail space, factory, or storage space. Rent expense is a type offixed operating costoran absorption costfor a business, as opposed to a variable expense. Rental expenses are often subject to ...