Those who foray into the commercial investment property sphere know the benefits it can bring. Longer tenancy agreements, high rental returns, and fewer expenses, as opposed to residential investments, are among some of the benefits. But if you’re interested in boosting the perceived value of your space to tenants, consider these.
This is a first-world problem that wastes worker’s time in the morning when all they want to do is get to the office on time.
Websites like Parkhound enable landlords to hire out car spaces. Undercover, on the street, and on a monthly basis. Including this in the rent will attract tenants looking for value and convenience.
Restaurants do it, offices do it, and you can do it as well. Nothing brings a smile to someone first thing in the morning and seeing the floors are freshly vacuumed and new trash bags in the bin.
When you’re doing up a contract with a cleaning company, make a list of items that need to be checked off with every visit. It can be something as simple as wiping down the desks or more detailed tasks like cleaning the fridge/microwave.
If your commercial investment property is a cafe/restaurant space, adding high-end appliances will kill two birds with one stone. You’ll attract tenants who want the amenities, and you’ll get more from your tax depreciation schedule. Good quality appliances such as microwaves, ovens, espresso machines, and fridges will cost you a bit, but they’ll result in a nice tax return.
Nobody works in shoe boxes or cubicles anymore. If you’re a landlord for a commercial office, highlight the open-plan space, including floor-to-ceiling windows. They don’t need to be that big, but easy access to natural light and placing desks near them will have the employees competing for ‘the best desk in the house’. Humans instinctively seek out nature, like sunlight. It’s known to boost employee well-being and all around satisfaction during the day.
We live in a connected world and humans are drawn to free wifi as much as natural light! Get several wifi routers, good aircon, a security system, and lots of outlets for future tenants to plug in their devices. Running out of battery is a 21st century nightmare.
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Depreciation rules for your rental property | Articles from around the web