The 4 Stages of the Asset Life Cycle (And How Inspections Help With Each Step!)
April 9, 2025
Today, let’s review exactly what the asset life cycle is, and how property inspections can drive long-term success.
Today, let’s review exactly what the asset life cycle is, and how property inspections can drive long-term success.
To get ready for RTO mandates, here are a few maintenance tasks and upgrades to implement today.
While sometimes regarded as risky, distressed properties can also be a very lucrative and fulfilling investment option. Let’s discuss from a bird’s eye view how you can feel more comfortable buying and flipping properties that might need extra TLC.
As Bob Dylan once said: the times, they are a-changin.’ For office spaces, this means contending with the demands of remote workers. For warehousing, this means balancing the demands of a growing e-commerce industry with a normalizing retail sector. Factors that ripple out and affect many different facets of life certainly have their own touch on commercial real estate, but in an industry that’s frequently criticized as slow to adapt to the newest technologies, maybe the times are bringing more changes to CRE in 2024 than ever before. Proptech is a catch-all term referring to the cross section of new technologies with residential and commercial real estate. While some tech integrations with the every-day of property management and the buying/selling process have streamlined the commercial real estate industry already, some are looking at the residential proptech seen in smart homes and speculating at the eye-popping changes sure to come soon. Today, let’s review a few of those types of proptech that are creating waves in CRE in 2024! Virtual Tours and 3D Floor PlansIn general, proptech that’s been gaining popularity in CRE are the types that cut down drastically on wasted time, and a few techniques that are great at
Over the past hundred years or so, human life has changed radically. From the farms to the city, from simple dugout homes in the prairies to towering high-rise skyscrapers in bustling downtowns, there are many aspects of the modern world that would leave the architects and engineers of yesteryear amazed. Still, that hasn’t stopped many from imagining what our future cities might look like, not to mention guessing at how we might solve the problems we face today. According to the President and Designated Expert of the Council on Tall Buildings and Urban Habitat (CTBUH), one feature that may grow in prominence within cities around the world is the skybridge. In the CTBUH Journal, Wood writes: “For more than a century, architects and urban visionaries have foretold of three-dimensional cities, with tall buildings linked by skybridges forming a new kind of urban fabric. Rapid urbanization and new technological advances have converged to reignite the potential of such constructions at the urban scale.” Antony Wood’s 2020 comments carried an excited vision for skybridges moving into the future, but have these predictions become a reality, or are we still waiting to see their full potential? What is a Skybridge?For the uninitiated, skybridges
It’s been a long road, but after fires devastated the Notre Dame Cathedral back in 2019, the historic landmark is finally preparing to reopen its doors later this year. Restoring and renovating historic buildings can be costly and time-consuming, but the cultural, educational, and economic benefits down the road often make the effort worthwhile. A building doesn’t need to be internationally recognized like the Notre Dame Cathedral to justify the investment of a restoration, though! Every city has its own share of locations that carry historical significance. But preserving history isn’t the only reason property owners find these projects worthwhile. According to the Environmental Protection Agency (EPA), building preservation can also improve sustainability on top of the community revitalization and economic benefits. For any property owners interested in restoring or updating a historic property, here are a few things to consider! Modernize with CareA common misconception during restoration is that modern amenities are out of the question, but this isn’t the case. Building system standards are improved upon every year for safety and efficiency, and restorations are the perfect opportunity to bring historic properties up to speed. The challenge comes with updating without compromising the building’s integrity. Depending on the
Maintaining a commercial property involves overseeing various complex systems, but none are perhaps as crucial for occupant comfort and health as a well-functioning HVAC system. For property managers or owners unfamiliar with the intricacies of commercial HVAC, this guide provides essential information and helpful tips. Understanding Commercial vs. Residential HVACHomeowners accustomed to their residential HVAC unit might underestimate the power needed to cool a commercial space. While several factors differentiate residential and commercial units, size is the most striking. Due to larger areas, commercial properties often require units up to ten times heavier than residential ones. These units use more powerful components and often work in tandem to handle the demands of large buildings. Unlike residential systems, which often utilize “packaged” all-in-one units for both heating and cooling, commercial systems typically divide these functions among various units. These units, usually located on rooftops for noise reduction and space optimization, generally fall into three categories: Common Issues and PreventionCommercial HVAC systems, regardless of the type, are generally larger and more powerful than their residential counterparts. Here are some common issues and their causes to facilitate early detection: By understanding the unique needs of commercial HVAC systems and implementing preventive measures, property
Running a successful business takes a lot of time and effort, and often involves optimizing as much as possible in order to maximize that bottom line. Because of this, many business owners and building managers, unfortunately, keep sanitation in house for far longer than they probably should. The truth is that commercial cleaning services can actually improve productivity for businesses and end up paying for themselves in the long run! If you’re thinking it might be time to pull the trigger and hire out for your property’s cleaning, here are some points to keep in mind. How to Know You’re ReadyMost businesses aren’t operating in filth or disrepair, but that doesn’t mean that most businesses won’t greatly benefit from hiring a cleaning service partner. People tend to make due with the conditions that they are in and shift around their daily tasks to do what’s needed to keep their property presentable while still doing their own job. The problem is that employees and tenants who are already stretched thin accomplishing tasks that they were actually hired to do aren’t likely using their time well by cleaning their workspaces. Quality commercial cleaning services know how to do their jobs in a
As property managers and business owners, whether you’re running an office space, a hotel, or an apartment complex, setting a good first impression is important when it comes to bringing in new customers and quality tenants. We’ve already talked about things like landscaping and parking lot maintenance, which are essentials for putting a property’s best foot forward. Additionally, public art continues to be a powerful way to make a splash within the community and increase curb appeal. Still, when it comes to making a statement on a business’ culture there is perhaps nothing as impactful as a clean, professional entryway. Building owners want visitors to be impressed and instilled with confidence when they first walk in the door – not to be inclined to reconsider their options. The good news is that keeping an entryway up to snuff doesn’t have to break the bank. Follow these quick points to help secure high-quality tenants and attract more customers! Entrance Mats are an Unsung PowerhouseWhen picturing how you want your entryway to look, it’s important to consider all that this area needs to accomplish. Not only does your entry need to look good, it also needs to handle a large amount of
It’s no surprise that the secret to success in the commercial real estate industry is through retaining quality tenants. Advertising, maintenance, and upgrade strategies are all centered around finding tenants who are responsive and reliable, then keeping them long term. The costs accrued from advertising and identifying new tenants can be eye-opening, and leaving space vacant for too long means missing out on income. This is all why seasoned commercial property owners and managers know that good commercial tenants don’t grow on trees. Happy tenants are less likely to make a change or look for different options, which is why the most successful property owners and managers prioritize tenant satisfaction. If you’re looking for ways to lower your turnover rate and keep your best tenants, consider incorporating a few of these strategies into your management process. Practice Effective CommunicationResponsiveness is a trait that will lead to success in many different industries, but when it comes to tenant satisfaction, this might be the most important factor to focus on. Tenants largely want their privacy and room to operate their businesses as they see fit, but when they reach out with a concern or complaint, radio silence is a common cause for
Today, let’s review exactly what the asset life cycle is, and how property inspections can drive long-term success.
To get ready for RTO mandates, here are a few maintenance tasks and upgrades to implement today.
While sometimes regarded as risky, distressed properties can also be a very lucrative and fulfilling investment option. Let’s discuss from a bird’s eye view how you can feel more comfortable buying and flipping properties that might need extra TLC.
As Bob Dylan once said: the times, they are a-changin.’ For office spaces, this means contending with the demands of remote workers. For warehousing, this means balancing the demands of a growing e-commerce industry with a normalizing retail sector. Factors that ripple out and affect many different facets of life certainly have their own touch on commercial real estate, but in an industry that’s frequently criticized as slow to adapt to the newest technologies, maybe the times are bringing more changes to CRE in 2024 than ever before. Proptech is a catch-all term referring to the cross section of new technologies with residential and commercial real estate. While some tech integrations with the every-day of property management and the buying/selling process have streamlined the commercial real estate industry already, some are looking at the residential proptech seen in smart homes and speculating at the eye-popping changes sure to come soon. Today, let’s review a few of those types of proptech that are creating waves in CRE in 2024! Virtual Tours and 3D Floor PlansIn general, proptech that’s been gaining popularity in CRE are the types that cut down drastically on wasted time, and a few techniques that are great at
Over the past hundred years or so, human life has changed radically. From the farms to the city, from simple dugout homes in the prairies to towering high-rise skyscrapers in bustling downtowns, there are many aspects of the modern world that would leave the architects and engineers of yesteryear amazed. Still, that hasn’t stopped many from imagining what our future cities might look like, not to mention guessing at how we might solve the problems we face today. According to the President and Designated Expert of the Council on Tall Buildings and Urban Habitat (CTBUH), one feature that may grow in prominence within cities around the world is the skybridge. In the CTBUH Journal, Wood writes: “For more than a century, architects and urban visionaries have foretold of three-dimensional cities, with tall buildings linked by skybridges forming a new kind of urban fabric. Rapid urbanization and new technological advances have converged to reignite the potential of such constructions at the urban scale.” Antony Wood’s 2020 comments carried an excited vision for skybridges moving into the future, but have these predictions become a reality, or are we still waiting to see their full potential? What is a Skybridge?For the uninitiated, skybridges
It’s been a long road, but after fires devastated the Notre Dame Cathedral back in 2019, the historic landmark is finally preparing to reopen its doors later this year. Restoring and renovating historic buildings can be costly and time-consuming, but the cultural, educational, and economic benefits down the road often make the effort worthwhile. A building doesn’t need to be internationally recognized like the Notre Dame Cathedral to justify the investment of a restoration, though! Every city has its own share of locations that carry historical significance. But preserving history isn’t the only reason property owners find these projects worthwhile. According to the Environmental Protection Agency (EPA), building preservation can also improve sustainability on top of the community revitalization and economic benefits. For any property owners interested in restoring or updating a historic property, here are a few things to consider! Modernize with CareA common misconception during restoration is that modern amenities are out of the question, but this isn’t the case. Building system standards are improved upon every year for safety and efficiency, and restorations are the perfect opportunity to bring historic properties up to speed. The challenge comes with updating without compromising the building’s integrity. Depending on the
Maintaining a commercial property involves overseeing various complex systems, but none are perhaps as crucial for occupant comfort and health as a well-functioning HVAC system. For property managers or owners unfamiliar with the intricacies of commercial HVAC, this guide provides essential information and helpful tips. Understanding Commercial vs. Residential HVACHomeowners accustomed to their residential HVAC unit might underestimate the power needed to cool a commercial space. While several factors differentiate residential and commercial units, size is the most striking. Due to larger areas, commercial properties often require units up to ten times heavier than residential ones. These units use more powerful components and often work in tandem to handle the demands of large buildings. Unlike residential systems, which often utilize “packaged” all-in-one units for both heating and cooling, commercial systems typically divide these functions among various units. These units, usually located on rooftops for noise reduction and space optimization, generally fall into three categories: Common Issues and PreventionCommercial HVAC systems, regardless of the type, are generally larger and more powerful than their residential counterparts. Here are some common issues and their causes to facilitate early detection: By understanding the unique needs of commercial HVAC systems and implementing preventive measures, property
Running a successful business takes a lot of time and effort, and often involves optimizing as much as possible in order to maximize that bottom line. Because of this, many business owners and building managers, unfortunately, keep sanitation in house for far longer than they probably should. The truth is that commercial cleaning services can actually improve productivity for businesses and end up paying for themselves in the long run! If you’re thinking it might be time to pull the trigger and hire out for your property’s cleaning, here are some points to keep in mind. How to Know You’re ReadyMost businesses aren’t operating in filth or disrepair, but that doesn’t mean that most businesses won’t greatly benefit from hiring a cleaning service partner. People tend to make due with the conditions that they are in and shift around their daily tasks to do what’s needed to keep their property presentable while still doing their own job. The problem is that employees and tenants who are already stretched thin accomplishing tasks that they were actually hired to do aren’t likely using their time well by cleaning their workspaces. Quality commercial cleaning services know how to do their jobs in a
As property managers and business owners, whether you’re running an office space, a hotel, or an apartment complex, setting a good first impression is important when it comes to bringing in new customers and quality tenants. We’ve already talked about things like landscaping and parking lot maintenance, which are essentials for putting a property’s best foot forward. Additionally, public art continues to be a powerful way to make a splash within the community and increase curb appeal. Still, when it comes to making a statement on a business’ culture there is perhaps nothing as impactful as a clean, professional entryway. Building owners want visitors to be impressed and instilled with confidence when they first walk in the door – not to be inclined to reconsider their options. The good news is that keeping an entryway up to snuff doesn’t have to break the bank. Follow these quick points to help secure high-quality tenants and attract more customers! Entrance Mats are an Unsung PowerhouseWhen picturing how you want your entryway to look, it’s important to consider all that this area needs to accomplish. Not only does your entry need to look good, it also needs to handle a large amount of
It’s no surprise that the secret to success in the commercial real estate industry is through retaining quality tenants. Advertising, maintenance, and upgrade strategies are all centered around finding tenants who are responsive and reliable, then keeping them long term. The costs accrued from advertising and identifying new tenants can be eye-opening, and leaving space vacant for too long means missing out on income. This is all why seasoned commercial property owners and managers know that good commercial tenants don’t grow on trees. Happy tenants are less likely to make a change or look for different options, which is why the most successful property owners and managers prioritize tenant satisfaction. If you’re looking for ways to lower your turnover rate and keep your best tenants, consider incorporating a few of these strategies into your management process. Practice Effective CommunicationResponsiveness is a trait that will lead to success in many different industries, but when it comes to tenant satisfaction, this might be the most important factor to focus on. Tenants largely want their privacy and room to operate their businesses as they see fit, but when they reach out with a concern or complaint, radio silence is a common cause for