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What is commercial property management and why is it important?

MRI Software

Commercial property management is a multifaceted field that’s critical for successfully operating and optimizing commercial properties. That’s why MRI Software develops smart solutions for the property sector. What is commercial property management?

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What’s Driving California’s Commercial Real Estate Shakeup?

Esquire Property Management Group

California Commercial Real Estate Survey conducted by UCLA underscores substantial transformations within the state’s commercial real estate industry which is the industry trend setter throughout the United States as always.

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Real World AI: Eight PropTech Scenarios Transforming Real Estate

MRI Software

Data integration enhances decision-making, and strategic AI implementation is key to success in facilities management, leading to cost savings and improved operational efficiency. Impact: AI reshapes workplace management and space utilization by providing deeper insights beyond simple badge scans.

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Critical Issues in Triple Net Leases Investors Should Know

Esquire Property Management Group

The vast majority of commercial real estate brokers will agree that a triple net lease is a real property lease in which the tenant is responsible for all expenditures, including the maintenance of common areas, taxes, property insurance, and utilities, in addition to the base rent.

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Commercial Tenant Risk Mitigation, Insurance, Tracking, and Best Practices

Esquire Property Management Group

Managing tenant insurance is a crucial element in overseeing commercial real estate (CRE) from a landlord and commercial property management perspective. This enables immediate identification of any lapses or deficiencies, allowing landlords and commercial property managers to address issues promptly.

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What Are All the Legal Tax Deductions in Commercial Real Estate (CRE)?

Esquire Property Management Group

Legal Tax Deductions in Commercial Real Estate are Not Always Utilized Owning commercial real estate can be highly lucrative, particularly when you utilize the numerous tax deductions legally available to property owners. Operating expenses necessary for managing your commercial property are fully deductible.

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Do You Know WALT (Weighted Average Lease Term), the Commercial Real Estate Guy?

Esquire Property Management Group

Weighted Average Lease Term for Commercial Real Estate Weighted Average Lease Term, commonly referred to as WALT, is an important metric that commercial real estate investors and commercial property managers are well-versed in, or at least they better be.