As a property manager, ensuring your properties are well-maintained and that repairs are addressed quickly is key to tenant satisfaction and long-term property value. From clogged drains to broken air conditioners, maintenance issues can pop up at any time, and the constant need for skilled subcontractors can quickly become overwhelming. Managing multiple units, whether … [Read more...]
Restaurant Build-Out How To Guide for Franchisees
If you’re interested in franchising, there’s a significant list of to-dos and steps, including considerations for location, construction, and an efficient kitchen system. Whether planning to open a mid-sized or large-scale restaurant, understanding the construction process is important to ensure your business meets brand standards, adheres to local regulations, and is completed … [Read more...]
Walkthrough Guide for Project Owners
How can I get the most out of a contractor visit? One of the most important parts of picking a contractor or architect is the site visit. (Throughout this article we use the word contractor but almost all of the below applies to meeting an architect as well.) The site visit serves many functions, such as: It gives the contractor an opportunity to see the site, … [Read more...]
Construction Bids: A Guide
You can think of a bid as a precursor to an agreement between you and your contractor — it lays out all of the items, labor, and prices that your contractor is committing to deliver. So getting bids — and reviewing them well — is a crucial part of hiring a contractor. Unfortunately, the process is messy and challenging and often yields different results where each bid is … [Read more...]
Opportunity Zones: Implications for Real Estate Development
What is the Opportunity Zones program? When the Tax Cuts and Jobs Act was enacted in December 2017, a new program was created with the goal of spurring economic development in low-income communities struggling with inadequate capital inflows. The program — called Opportunity Zones — aims to redeploy capital by creating new tax incentives for long term investment in … [Read more...]