Better Tenant Care = A Better Bottom Line

Rising costs and neglected spaces have a number of tenants looking to relocate as soon as they can. As a building owner or investor, it is important to remember that your bottom line relies on the satisfaction of your tenant, and cutting costs won’t do either of you any favors. The cost of losing a tenant can be significant, and many times it is avoidable if you take the necessary steps and investments up front. Get to know your tenants, and their industries and needs. Work with your tenants in coming up with creative solutions for rent payment schedules, build out costs, and operating expenses. Maintain your property, don’t wait until it’s vacant to fix it up. Work collaboratively with your tenant on lease renewals. Taking these measures could save you a lot come lease renewal time.
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