As a landlord, you will inevitably need to engage contractors to undertake maintenance/repair works to ensure your property is well-kept and your asset is protected. Service providers could include plumbers, electricians, builders, gardeners and cleaners, and the degree of works could range from simple handyman tasks to larger specialist … Read more
The first tasks we undertake when on-boarding a new management with an existing tenant is a thorough review of the lease documentation and a full reconciliation of the tenant’s ledger. Sadly, in many instances this process uncovers costly errors which often include missed or miscalculated rent reviews and incorrect charging … Read more
Conducting routine on-site inspections of commercial buildings is always a good idea. It provides an opportunity to promote positive communication between landlord and tenant, and to see how the property is being maintained. Equally important, it’s an opportunity to identify any areas of general deterioration that would benefit from proactive … Read more
The Australian Taxation Office (ATO) has released key focus areas for 2021/22 including: Record keeping Property income and deductions Capital gains from crypto assets, property sales, and shares Commercial property owners could benefit from taking a few simple steps. Record Keeping Having organised income and deduction records will make for … Read more
Accepting a bad tenant will inevitably lead to problems. While there’s no foolproof way to avoid every potentially bad egg, most can be identified with the appropriate due diligence; this means conducting a comprehensive tenant screening to evaluate each applicant. Without thorough tenant assessment and steadfast administration of strict standards, … Read more
With numerous people using bathrooms and kitchen facilities each day, commercial properties commonly use a substantial amount of water. Leaking taps and pipes will escalate water consumption, and if not identified and fixed early, can lead to a significant increase in water bills and costly repairs. Commercial facilities with toilets, … Read more
You’ve got a great business idea. You’ve been searching for the right property for months, monitoring up-and-coming areas, and trawling the internet religiously. Then one day that space that’s perfect for selling your unique brand of widget has a ‘for lease’ sign in the window. The agent gets you through … Read more
Many commercial leases stipulate that tenants must reimburse maintenance expenses and property running costs to the landlord. These recoverable outgoings may include (but are not limited to) rates, insurance, water, electricity, body corporate fees, general repairs and maintenance, and in some cases land tax. Generally, a budget outlining annual outgoings … Read more
The only industrial land in the booming Redlands area, stages 3A, 4A and 4B of the Redlands Business Park development…
Many commercial property investors often miss opportunities to optimise their portfolios by overlooking some very basic asset management fundamentals. Anyone with financial capacity can become a commercial property investor, but few have the expertise or the time to adequately manage their assets, or alternatively find an experienced and knowledgeable … Read more