Rent Monies

blog yellow circle pmgHere are various blog resources related to the rent that is paid at properties, whether you're a landlord receiving, tenant paying, or middle-man managing. Right through from how to correctly charge and collect to how it needs to change over time, this is often the most important factor to managing let properties, and includes simular variations such as licence fees. 

 

The Easy Way to Understand Tenant Arrears, Traffic-Light Style

tenant arrears property management guideIf you're a landlord or property investor reliant upon a tenant or party paying a rent or form of income, then you'll know the pain of these monies not being paid. The often escalating problems of blatant arrears and sludgy payments can not only mean additional hassle and costs in chasing, but increased cash flow risks and difficulty with being able to pay important costs yourself like mortgage payments. 
 
There is a lot of information now available on how you can begin clamping down on this, and advice on, say, what notice or letter to serve on a tenant before going to court to make them pay up, or get out. This is often in a classic landlord tenant relationship through a lease, although you can have other scenarios like...

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Vivienne Westwood Not getting Stung by Rent Increases

vivienne westwood rent increase property management guideWhen businesses rent commercial property, you’re involving big rental figures, probably one of the largest overheads the business will incur. Not only is this wasted wherein the business does not own the appreciating asset, but it’s common place to have rent reviews where the rent can go further upwards. 
 
These can be a killer in a down market like the last decade, where natural market rents drop but the remaining rent has to stay the same minimum level until it can go up in the future. Realistically tenants will struggle to pay, and landlords may wish to step in and offer reductions or changes to help keep some rental income coming in.
 
However, landlords and tenants need to tread carefully in first agreeing and then...

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Zoning, ITZA & Zone A Rate Explained for Retail Property Rents

itza zoning zone a principles property management guideWhen you calculate the rental value of a retail property you tend to use a specific form of measurement called ‘Zoning’, which uses an 'ITZA' rate in order to formally acknowledge the unique way in which a retail property’s shop floor works for a retailer. 
 
checklist small property management guideBefore we go into what this actually means, here is a quick video summary of what's included (with slides available here). Also, click here to immediately download a Fact Sheet on what Zoning and ITZA is for retail properties.
 

Start With the Actual Area 

It originated in the 1950s, and a now a mainstream reference used by property surveyors when talking about how valuable a retail shop is and what rent a tenant should pay, particularly for those on...

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