By Mel Schultz Tenant/Landlord diversification, lease agreements, tenant retention

10 Ways to Maximize Your Commercial Real Estate ROI

Commercial real estate in the Twin Cities has been on a rollercoaster ride since 2020. The impacts of the pandemic continue to affect many commercial real estate markets in Minneapolis and St. Paul. Here are a few ways savvy property owners can maximize the ROI of their CRE portfolios.

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1. Do Your Research on Commercial Real Estate ROI

Before you make adjustments to your lease terms or update your buildings, be sure to do your research. Complete a competitive analysis to understand what surrounding properties are doing to attract tenants and adjust your strategy as needed. If you’re hoping to attract a specific type of tenant, such as a medical device manufacturer or healthcare provider, take the time to learn more about these potential tenants and their specific needs.

2. Optimize Your Lease Agreements

When’s the last time you took a look at your lease agreement? If it’s been a year (or a decade), it’s time to review and optimize your agreements. If you do not already include regular rent reviews in your agreement, consider adding a clause that allows you to adjust rents according to market conditions. You may also want to consider adding flexible leasing options to your agreements to attract a wider range of tenants.

3. Improve Property Appeal

If it’s been several years since you’ve invested in upgrades at your property, now’s the time to make a few updates that can help you make more money in the future. Spruce up your landscaping, update your interior design, and stay on track with your maintenance plan. Cost-effective updates can make a big impact in what you’re able to demand in rent and maximize your investment in improvements.

4. Retain More Tenants

Retaining tenants is a lot more cost-effective than attracting new tenants. To retain more tenants, make sure you’re providing an exceptional tenant experience. Keep the lines of communication open and address their concerns promptly. Consider offering incentives for tenants to stick around, such as improvement allowances, flexible renewal terms, or property amenities.

5. Invest in Sustainability

Your portfolio’s sustainability plan is a great place to increase your portfolio’s ROI. Smaller projects such as installing energy-efficient lightbulbs and water-saving fixtures can help you save money on energy costs. You may also choose to install more efficient HVAC equipment to cut your energy bill further. Not only do these updates help you save money, they can attract environmentally minded tenants.

6. Diversify Your Revenue

If rent makes up 100 percent of your portfolio’s income, it’s time to diversify. Diversifying your portfolio helps you weather downturns in the market and makes your income more predictable. One way to diversify your revenue is to offer additional services, such as event space rentals, rentals for pop-up storefronts, or storage space. Consider adding advertising and retail to common areas to additional revenue to your portfolio.

7. Invest in Technology

Smart building technology, access control, and property management software can all help you work more efficiently and increase your revenue. Smart building technologies optimize energy use and maintenance tasks. Smart access control systems track visitors to your property in real time so you can improve security. Property management software gives you a bird’s-eye view of your portfolio so you can draw insights from tenant behavior and your properties’ performance.

8. Expand Your Portfolio

A strategic acquisition can help you grow your portfolio’s revenue. The ideal property complements your existing portfolio and has the ability to grow with minimal improvements. Looking in another market can help you diversify your portfolio and capitalize on opportunities outside of your current area.

9. Review Your Finances

A simple budgeting and forecasting exercise can help you understand if your budget is on track and forecast future expenses and income. A little financial checkup can help you uncover areas where you’re spending too much and reduce unnecessary expenses.

10. Outsource Your Property Management

One way to optimize your time and ensure that you’re making smart choices in regard to vendors is to work with a property management company like Clarity Commercial. Our professional team can help you with everything from budget forecasting to fixing a lightbulb. We work with the best vendors in the area to ensure projects are completed at your properties on time and for the best value possible.

Like we mentioned last month, the CRE market is on the upswing in many areas, but we’re not out of the woods yet. Clarity Commercial can help you make smart investments that will maximize your revenue and diversify your portfolio. For professional commercial real estate management support, contact Clarity Commercial today.

a building with a lot of windows - CRE portfolio’s ROI - Commercial Real Estate ROI

For more information or to request a free estimate, visit their website at https://myclaritycommercial.com/ or give us a call at (952) 370-224-2699.

Affiliations & Credentials: We are proud members of IREM, CCIM and MNCAR along with various professional organizations and hold relevant certifications in the real estate management field. Our affiliations and credentials demonstrate our commitment to excellence and our ongoing efforts to stay up-to-date with industry best practices.

leasing, sustainability, occupancy costs

June 20, 2024

By Mel Schultz Tenant/Landlord leasing, occupancy costs, sustainability

5 Ways to Lower Your Occupancy Costs

We’re halfway through 2024, and it looks like multifamily, retail, and industrial properties are bouncing back from last year’s slump, while office vacancies continue to rise. If you’re looking for ways to cut your costs as your portfolio recovers, we have five ideas on how you can lower occupancy costs to improve portfolio performance. These tips are valuable not only for landlords; your tenants can use these tips to reduce their own costs and mitigate the need to look for another space once their leases are up.

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1. Reconfigure Your Space to Lower Occupancy Costs

Hybrid work is driving changes in the configuration of office space. Private workspaces are going empty, while demand for collaborative spaces in offices has risen 40 percent since 2021. Over the last few years, tenants have been cutting space or reconfiguring their spaces to accommodate more coworking, teleconferencing, and flexible work.

As a landlord, you can capitalize on these trends by reconfiguring your existing spaces to make them appealing to tenants who are looking for more collaborative spaces or a reduced overall footprint. One large office suite could transform into two suites with flexible space. You may also consider investing in common area improvements that appeal to companies offering hybrid work, such as collaborative work areas and high-speed WiFi throughout your building.

2. Dig into Your Analytics

Your books can tell you a lot about the health of your portfolio. They can also help you find ways to cut your occupancy costs. Clarity Commercial can review your books with you to reveal your top costs, project future investments, and find opportunities to reduce current expenses.

3. Reduce Capital Expenses

In our review of your books, we may uncover ways to reduce capital expenses and cut future occupancy costs. Investments in many building improvements and upgrades can be converted from capital expenses to operating expenses once they are complete, turning them from investments into services you provide your tenants. An example of this would be installing solar panels on your building. You may be able to further reduce capital expenses by making early commitments on equipment orders and bundling smaller projects or recurring projects together.

4. Automate with Smart Technology

Smart technologies not only make it easier to manage your buildings, they reduce costs and can lead to increased tenant satisfaction. Your building engineering, HVAC, janitorial, security, landscaping, and access control can all benefit from smart technology improvements. These improvements help you cut your energy costs, more efficiently allocate your resources, and track occupancy levels.

5. Make Sustainability Improvements

Sustainability improvements are not only attractive to tenants, they help you reduce your operating costs and help you anticipate future regulations and mandates from your city, county, or state. Examples of sustainability improvements include switching to LED lighting, automating HVAC systems to improve efficiency, investing in solar power, implementing a recycling and composting program, and installing EV charging stations in your parking areas.

The CRE market is on the upswing in many areas, but we’re not out of the woods yet. Clarity Commercial can help you make sense of your books so you can uncover cost savings opportunities. Our CRE experts can help you make smart investments in the building improvements that will attract and retain tenants. For professional commercial real estate management support, contact Clarity Commercial today.

a building with a parking lot - Occupancy Costs

For more information or to request a free estimate, visit their website at https://myclaritycommercial.com/ or give us a call at (952) 370-224-2699.

Affiliations & Credentials: We are proud members of IREM, CCIM and MNCAR along with various professional organizations and hold relevant certifications in the real estate management field. Our affiliations and credentials demonstrate our commitment to excellence and our ongoing efforts to stay up-to-date with industry best practices.

Sustainability Practices in Commercial Property Management

April 24, 2024

By Mel Schultz Commercial Properties, Commercial Property Management energy efficiency, sustainability, tenant retention

10 Sustainability Practices in Commercial Property Management

When you can save money managing your property, it’s a win. When you can save money and keep your tenants happy, it’s a win-win. And when you can also help the environment, it’s a no-brainer.

If you implement one or more of these sustainability practices for your commercial property portfolio, you can save money and the planet while improving tenant satisfaction. When tenants are satisfied, they are more likely to renew their leases. Plus, sustainability practices can be a big draw for environmentally minded new tenants.

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1. Energy Efficiency Upgrades

Many commercial property owners start with energy efficiency upgrades when they implement sustainability practices. An energy-efficient upgrade can be as simple as gradually replacing your lighting with LED bulbs or installing programmable thermostats in your tenant suites. Or, you might choose to upgrade to a high-efficiency HVAC system or install Energy Star appliances.

Investments in more energy efficient fixtures can dramatically reduce your energy use and save you money on your utility bills. Depending on the credits and rebates available, you may be able to save on your tax bill, too. Plus, your community or state and federal government may have money available to offset the cost of installation. Clarity Commercial can help you decide which energy efficiency upgrades are the best choice for your property.

2. Water Conservation Fixtures

Your property’s water bill can be a major expense every month, especially if you have water-hungry tenants. Water-saving fixtures such as low-flow toilets, faucets, and irrigation systems can help you conserve water wherever possible. If water conservation is something you’re particularly passionate about, consider investing in a water recycling system that reuses water from your faucets and other fixtures to irrigate your landscaping.

3. Waste Reduction and Recycling

One easy way to improve sustainability at your properties to enroll in and encourage your tenants to participate in your community’s recycling and composting programs. Install recycling and composting bins in your facility to make it easy for tenants to recycle and compost whenever possible.

4. Sustainable Landscaping

Looking to save money on your landscaping bill? Swap that water-thirsty, high-maintenance lawn for native, drought-tolerant plants. Not only is a more natural landscape more attractive than a lawn (or worse yet, concrete), it can pull double duty capturing stormwater runoff. You can also incorporate outdoor common areas into your landscape design so your tenants can enjoy the garden.

5. Indoor Air Quality Improvements

Indoor air quality is vitally important to the health and productivity of your tenants and their employees. Improve the air quality at your property by choosing low-VOC (volatile organic compound) paints and other finishes when updating common areas or helping with tenant buildouts. Inspect and maintain your ventilation systems to ensure adequate fresh air and comfortable humidity levels.

6. Green Cleaning Practices

Green cleaning products can also improve your building’s indoor air quality. Ask your Commercial Property Management team to swap to green products or hire a vendor who embraces green cleaning practices.

7. Smart Building Technology

Smart building technology can help you save on electrical and HVAC costs. Occupancy sensors can automatically turn off the lights and turn down the heating and cooling when rooms are vacant. Automated HVAC systems can be programed to optimize energy use based on occupancy and patterns in usage, too.

8. Bike Racks, EV Charging & Transportation Incentives

Installing bike racks and EV charging stations at your property and offering transportation incentives are easy additions to your Sustainability Practices in Commercial Property Management. Bike commuting is on the rise, and people need secure places to park their bikes once they arrive at your building. EV charging stations could help your tenants make the switch to electric vehicles and possibly electric fleets. Transportation incentives can encourage tenants to carpool and use public transportation.

9. Renewable Energy

It is easier than ever to switch your buildings to renewable energy. It may be as simple as asking your utility company to put you on their renewable energy or solar energy plan. Or, you may want to invest in your own renewable energy systems. Solar energy systems, geothermal, and other renewable energy solutions can reduce your reliance on the grid and possibly make you money sending energy back to the grid. They can also lower your building’s carbon emissions.

10. Tenant Education & Engagement

Optimize the sustainability practices you implement with a tenant education and engagement program. Explain to your tenants why you’re making sustainable upgrades. Host a walkthrough your building to show off the new HVAC system or rooftop solar project. Run a contest to see which tenant can recycle or compost most of their waste. Provide feedback on the success of water and energy conservation efforts. The more you can engage your tenants with your sustainability practices, the more successful they will become.

Improving the sustainability at your buildings can save you money while attracting and retaining tenants and protecting the environment. Clarity Commercial is your partner for sustainability improvements. For Get in touch Contact Us today to learn how we can help you choose and implement the right improvements for your portfolio.

For more information or to request a free estimate, visit their website at https://myclaritycommercial.com/ or give us a call at (952) 370-224-2699.

Affiliations & Credentials: We are proud members of IREM, CCIM and MNCAR along with various professional organizations and hold relevant certifications in the real estate management field. Our affiliations and credentials demonstrate our commitment to excellence and our ongoing efforts to stay up-to-date with industry best practices.

March 26, 2024

By Mel Schultz Commercial Properties, Commercial Property Management budget, leasing, maintenance, Property Management, tenants

Attract New Tenants with These 5 Alternative Uses for Vacant Commercial Space

If you’re struggling to fill vacant commercial building alternative uses this year, you’re not alone. Many commercial property owners are finding it challenging to attract traditional tenants for their offices, retail, industry, and other space.

To survive in a hard market, it is important to think outside the box. Here are a few alternative uses for vacant commercial space that could help you land your next loyal tenant.

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Commercial Building Alternative Uses

1. Life Science Labs

Life science companies require a mix of office and laboratory space. If you’re willing to work with the tenant on the build-out, your vacant office space may be the perfect future home a biotechnology, food processing, or medical device firm. Your existing building may be a more attractive option to the right company than ground-up new construction.

2. Medtail

In a similar vein, your retail space may be the ideal home for a new medical office. The medtail model puts outpatient services in a retail setting. Not only is this convenient for consumers, it can open up an entire new tenant market for you. Medtail build-outs are relatively straightforward, and the new tenant may attract other medical businesses to your property.

3. Eatertainment

It’s eating. It’s entertainment. It’s eatertainment. The Twin Cities is home to several eatertainment venues (think CanCan Wonderland in St. Paul or Punch Bowl Social in the West End). If you have a big space to fill, a tenant that plans to combine a restaurant or bar with sports, music, or other social activities might be the perfect fit.

4. Glamping

If you have vacant land in a rural area that is awaiting development, consider marketing your property to potential glamping tenants. Glamping, or glamorous camping, is an increasingly popular way for non-outdoorsy people to enjoy the outdoors. Your acreage may be the ideal spot to attract vacationers.

5. Pickleball

Pickleball was 2023’s fastest-growing sport in the United States, so why not capitalize on the trend? Pickleball courts are popping up in empty big-box stores and other properties with tens of thousands of square feet. This is a great opportunity for commercial real estate owners looking to repurpose their vacant spaces.

For those who are unfamiliar, pickleball is a racquet sport that combines elements of tennis, badminton, and ping pong. It can be played both indoors and outdoors on a smaller court than traditional tennis, making it accessible for all ages and skill levels. The game’s popularity has exploded in recent years due to its ease of play and social nature.

With the rise in demand for pickleball courts, Commercial Building Alternative Uses owners are taking advantage of this trend by converting unused spaces into dedicated pickleball facilities. These spaces can range from empty storefronts to large warehouse buildings – as long as there is enough space to fit the necessary dimensions of a pickleball court.

For businesses looking to attract more customers or provide additional amenities for their tenants, adding a pickleball court can be a smart investment. Not only does it offer a unique and fun activity for patrons and residents, but it also presents opportunities for hosting events and tournaments that can bring in revenue.

Pickleball courts can also be a valuable addition to hotels and resorts, providing guests with another form of entertainment during their stay. They can even be used as an attraction for corporate team-building activities or family gatherings.

If you’re struggling to attract tenants, Clarity Commercial is here to help. Our property managers can help you market your portfolio and find the ideal tenant, even if they are outside the box. Contact Us Clarity Commercial today for expert property management advice.

For more information or to request a free estimate, visit their website at https://myclaritycommercial.com/ or give us a call at (952) 370-224-2699.

Affiliations & Credentials: We are proud members of IREM, CCIM and MNCAR along with various professional organizations and hold relevant certifications in the real estate management field. Our affiliations and credentials demonstrate our commitment to excellence and our ongoing efforts to stay up-to-date with industry best practices.

February 23, 2024

By Mel Schultz IREM Events, IREM, Professional Development asset management, finance, risk management

Register for These IREM Webinars and Grow Your Skills in 2024

Did you know that IREM offers dozens of webinars to property management professionals looking to hone their skills? There’s something for everyone at any stage in their career. Here’s a look at a few of the courses coming up in the next couple of months. Be sure to bookmark the IREM webinar page to make sure you never miss a professional development opportunity!

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Clarity Commercial’s Tom Elmer will present Calculating Effective Net Rent Webinar

We are excited to share that our very own Tom Elmer from Clarity Commercial will be a presenter in one of the upcoming IREM webinars. Tom will be sharing his expertise on calculating effective net rent, an essential skill for anyone in the commercial real estate and property management industries.

This is a fantastic opportunity to learn from one of the best in the business and enhance your financial skills. Don’t miss out on this chance to gain valuable insights and grow your professional capabilities. Register now for this webinar and explore other offerings at IREM to continue your professional development journey.

Asset Management IREM Webinar

From Excel skills to reforecasting to financial concepts every property manager should know, IREM has several valuable webinars on offer in February, March, and April to help you hone your asset management skills. Each webinar lasts 45-60 minutes and is taught by a certified, credentialed professional.

Finance Webinars

IREM has nearly a dozen finance webinars available this spring to help you build your commercial real estate and property management finance skills. Learn how to calculate effective net rent, automate Excel charts, analyze construction capital, and take the guesswork out of landscape maintenance, among several other interesting and highly applicable topics.

Risk Management Webinars

Want to learn more about the risks your properties might face or need to develop a disaster response plan for your portfolio? Or, maybe you’re interested in seeking a green building certification. IREM has you covered this spring with seven risk management webinars. Like the asset management webinars, these webinars last 45-60 minutes and are taught by subject matter experts.

Leasing Webinars

IREM has seven webinars on offer in February through April to help you grow your leasing skills this year. Take advantage of webinars that explain the basics of retail leasing, social media marketing for commercial real estate, and building positive relationships with your tenants. If you’ve ever considered accepting bitcoin for rent payments, there’s a webinar for you, too!

Leadership Webinars

IREM is here to help property management professionals shine and grow in their careers. A trio of webinars in March will help you grow your leadership and management skills. All of the instructors are credentialed property management professionals who have experience in building successful and fulfilling careers in commercial real estate and property management.

IREM webinars are $59.00 for IREM members or $99.00 for non-members. If there are several webinars that look interesting to you, we recommend purchasing an IREM webinar subscription. This will get you unlimited access to IREM’s webinars for the year for an annual fee of just $199 for members or $349 for non-members.

Clarity Commercial owner Mel Schultz, CPM, CCIM, CCAM, is an active IREM member. He is passionate about continuing education in the commercial real estate industry. For more information about IREM and how our participation in the organization helps you, Contact Us Clarity Commercial Today.

For more information or to request a free estimate, visit their website at https://myclaritycommercial.com/ or give us a call at (952) 370-224-2699.

Affiliations & Credentials: We are proud members of IREM, CCIM and MNCAR along with various professional organizations and hold relevant certifications in the real estate management field. Our affiliations and credentials demonstrate our commitment to excellence and our ongoing efforts to stay up-to-date with industry best practices.

January 22, 2024

By Mel Schultz IREM Events continuing education, continuing education for property managers, events

Continuing education for property managers: Winter 2024 IREM Property Manager Professional Development Events

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Continuing education for property managers

Clarity Commercial is a proud, active member of the Institute of Real Estate Management (IREM) Minnesota. IREM Minnesota offers continuing education for property managers who work in commercial real estate. Here’s a look at what’s coming up this winter. Be sure to Check the IREM Website for additional opportunities as they are scheduled.

ALM Building Tour & Happy Hour | January 16

Join IREM’s Advancing Leaders for a tour of Riverplace in Minneapolis followed by networking and a happy hour. This event is free to Continuing Education for Property Managers with fewer than 10 years of experience.

Register today on the IREM website.

People Serving People Volunteering | January 17

Join IREM Minnesota for its monthly volunteering event. In January, five IREM volunteers with serve lunch to the residents of People Serving People and help with clean-up afterwards. IREM is proud to have volunteered with People Serving People since 2007.

Register Today on the IREM Website.

2024 VIP Tradeshow | March 14

Embrace your inner child and register for IREM’s 15^th Annual Valued Industry Partnership (VIP) Tradeshow! The Nickelodeon and cartoon character-themed tradeshow and education session will take place at the Overlook at the Mall of America. Exhibitors are encouraged to decorate their booths and dress up, as participants will be voting on their favorite booth. Learn more about becoming an exhibitor or attending the tradeshow on the IREM website.

Register today on the IREM website.

Clarity Commercial owner Mel Schultz, CPM, CCIM, CCAM, is an active IREM member. He is passionate about continuing education in the commercial real estate industry. For more information about IREM and how our participation in the organization helps you, Contact Us Clarity Commercial Today.

For more information or to request a free estimate, visit their website at https://myclaritycommercial.com/ or give us a call at (952) 370-224-2699.

Affiliations & Credentials: We are proud members of IREM, CCIM and MNCAR along with various professional organizations and hold relevant certifications in the real estate management field. Our affiliations and credentials demonstrate our commitment to excellence and our ongoing efforts to stay up-to-date with industry best practices.

Minnesota Commercial Snow Removal Service

December 22, 2023

By Mel Schultz Property Management landscaping, snow removal, vendors

Snow Removal Service: What to Look for in a Minnesota Commercial Properties

While it may not feel like it at the moment, winter is coming to Minnesota, bringing with it snow, ice, and wind. Commercial snow removal service companies are ready to help keep your parking lot and walkways clear and safe.

If you are searching for a commercial snow removal service, Clarity Commercial has a few tips on how to choose the right contractor for your property. Here are a few things we consider when selecting a commercial snow removal service for the properties we manage:.

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Find a Snow Removal Service That Fits Your Exact Needs

Not all snow removal services are alike. Some companies operate a fleet of trucks and employ dozens of workers who can make quick work of a large parking lot or extensive walkways. Other snow removal service providers are owner-operators with a truck with a plow, a snowblower, and a shovel.

Both can be good options, depending on your property’s needs. In your discussions with potential service providers, confirm they can perform every service your property requires. They should be equipped to plow your parking lot, driveway, and sidewalks as needed. Double-check that the company will promptly and repeatedly come out to salt your sidewalks and walkways, as you could be held liable for a visitor or employee’s slip and fall accident if you leave these areas untreated.

Common Snow Removal Service Contract Stipulations

Your Minnesota Commercial Snow Removal Service contract should stipulate all of your required services as well as the timeline for when you can expect your snow removal team to show up after a storm. It should also include any preventative measures the service provider will take to prevent icy surfaces before a storm hits. Your contract should also include what happens to the removed snow. For example, will the company push it to a certain area of your property or haul it away? Remember to confirm how you will get in touch with the company if an issue arises or you have an acute need for snow and ice removal.

Look for an Insured Service Provider

Many property owners assume the contractors they work with are insured, but unfortunately, this is not always the case. Since failing to remove snow and ice can leave you open to risk, you need to confirm that the commercial snow removal company you are considering is properly insured for a snow removal service contract. Any reputable company will be happy to share this information with you.

Winter is here, and snow and ice are on the way. For help finding commercial snow removal services for your property, Contact Us the professionals at Clarity Commercial Today.

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MyClarityCommercial Blog

November 22, 2023

By Mel Schultz Property Management

5 Financial Reports You Need to Monitor for Your Commercial Real Estate Portfolio

Your portfolio of commercial properties requires hands-on management. This includes not only your physical buildings but also your portfolio’s finances. Here’s a look at five financial reports that you need to monitor to ensure your portfolio stays healthy and profitable.

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Financial Reports to Review:

1. Income Statement, aka Profit & Loss Statement

Your portfolio’s income statement is a summary of each property’s cash flow. It lists all of your income and all of your expenses across your portfolio for a 10,000-foot view of the health of your portfolio. We recommend reviewing your income statement monthly or quarterly to ensure you are making the most of your properties.

2. Rent Roll

Your rent roll report provides a prediction of the amount of revenue you can expect from any given property. It includes an estimated rental value for the property, lease dates, and recurring costs as well as gross scheduled rents, renewal rates, and other rent-related figures.

3. Tenant Receivables

The tenant receivables report includes all revenue from each tenant, from rent and maintenance to utility payments and security deposits.

4. Accounts Payable

Your accounts payable report gives you a look at your obligations to vendors, lenders, Commercial Real Estate and other suppliers. Your accounts payable report may include details about your loans, insurance, utilities, and maintenance costs.

5. Service Charge Budget Report

If you are planning property improvements this year, the service charge budget report will be a valuable tool for understanding how much capital you have to work with. The report includes any shared costs between tenants that will fund the refurbishment of communal areas at your property.

Clarity Commercial monitors these and other important financial reports for our clients so they can focus on growing their portfolios. For our expert property management advice and services, Contact Us the professionals at Clarity Commercial Today.

CCIM

October 24, 2023

By Mel Schultz IREM Events, Continuing Education, IREM

Fall 2023 IREM Continuing Education Classes

Clarity Commercial is a proud, active member of the Institute of Real Estate Management (IREM) Minnesota. IREM Minnesota offers continuing education for property managers who work in all real estate industries. Here’s a look at what’s coming up this fall. Be sure to Check the IREM Website for additional opportunities as they are scheduled. Great opportunity for your Fall 2023 IREM Continuing Education Classes.

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November Continuing Education Classes

Capstone Track | November 13

This is in preparation for the two-part final assessment for the CPM certification. The class will cover the Management Plan Skills Assessment (MPSA) and CPM Certification Exam (CPMEXM) to prepare you for both assessments.

Register today on the IREM website.

Member Party | November 30

Celebrate another successful year at IREM Minnesota! Join IREM at 4 for networking, casino games, cocktails, and appetizers. Awards and prizes start at 6:30. Sponsorships available!

Register Today on the IREM Website.

Don’t forget to stay up-to-date on the My Clarity Commercial blog for additional opportunities as they are scheduled. With our Blog, you get the latest insights and news about IREM Minnesota and other industry trends. Plus, always check the MyClarityCommercial.com website for more information on all upcoming events!

Clarity Commercial owner Mel Schultz, CPM, CCIM, CCAM, is an active IREM member. He is passionate about continuing education classes in the real estate industry. For more information about IREM and how our participation in the organization helps you, Contact Us the professionals at Clarity Commercial Today.

September 18, 2023

By Mel Schultz Property Management

5 Commercial Property Fall Cleanup Tips

Breathe in, breathe out . . . that’s the smell of fall! Autumn has arrived in the Twin Cities, and it’s time to schedule your fall cleanup. Here are 5 Commercial Property Fall Cleanup Tips from the professionals at Clarity Commercial. Our crews will be taking care of these tasks for our clients over the next 60 to 90 days.

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Tune Up the Furnace – Commercial Property Fall Cleanup

While your A/C worked overtime in the summer heat, your furnace will be clocking in for its shift soon. It’s best to schedule your HVAC maintenance appointment now before your HVAC vendor’s schedule books up. Early fall is an ideal time to inspect your furnace or boiler, clean your ducts, and prepare your system for the colder months.

Confirm Snow Removal Services

For commercial property managers like Clarity Commercial, September is the month when we confirm that our properties have their snow removal services in place. While they hopefully won’t need to visit our properties for at least another month or two, it is good to have them lined up early. We partner with reputable snow removal companies to keep our clients’ parking lots clear and safe all winter.

Make Summer Storm Damage Repairs

Did summer storms cause damage to your property’s roofing or exterior? Be sure to make repairs before the cold and snow arrive. Clarity Commercial hires professional commercial roofing and exterior contractors to inspect and repair the properties we manage. If we uncover damage, we work with our clients to have it repaired to ensure your property is protected from the elements.

Clean Out the Gutters

Gutters on commercial buildings can become blocked with leaves and other debris over the summer and into the fall. Before the snow and ice arrive, get your gutters cleaned out. A commercial roofer can inspect your gutters while they’re looking at your roof. Or, you can hire a gutter specialist to give your gutters a thorough cleanout. Work with Clarity Commercial for vetted recommendations for both.

Schedule the Year’s Final Window Cleaning

The busy season for window cleaners runs through September. It’s your last chance to get your property’s windows cleaned before it is too cold to do so safely and effectively. Clean windows let warm sunlight brighten offices and atriums all winter long, a welcome reprieve from the cold outside.

Old Man Winter is coming. Get your commercial property ready for snow and cold with a little fall cleaning. Clarity Commercial is here to help. Contact Us the professionals at Clarity Commercial Today.

For more information or to request a free estimate, visit their website at https://myclaritycommercial.com/ or give us a call at (952) 370-224-2699.

Affiliations & Credentials: We are proud members of IREM, CCIM and MNCAR along with various professional organizations and hold relevant certifications in the real estate management field. Our affiliations and credentials demonstrate our commitment to excellence and our ongoing efforts to stay up-to-date with industry best practices.

Blog

1. Do Your Research on Commercial Real Estate ROI

2. Optimize Your Lease Agreements

3. Improve Property Appeal

4. Retain More Tenants

5. Invest in Sustainability

6. Diversify Your Revenue

7. Invest in Technology

8. Expand Your Portfolio

9. Review Your Finances

10. Outsource Your Property Management

1. Reconfigure Your Space to Lower Occupancy Costs

2. Dig into Your Analytics

3. Reduce Capital Expenses

4. Automate with Smart Technology

5. Make Sustainability Improvements

1. Energy Efficiency Upgrades

2. Water Conservation Fixtures

3. Waste Reduction and Recycling

4. Sustainable Landscaping

5. Indoor Air Quality Improvements

6. Green Cleaning Practices

7. Smart Building Technology

8. Bike Racks, EV Charging & Transportation Incentives

9. Renewable Energy

10. Tenant Education & Engagement

Commercial Building Alternative Uses

1. Life Science Labs

2. Medtail

3. Eatertainment

4. Glamping

5. Pickleball

Clarity Commercial’s Tom Elmer will present Calculating Effective Net Rent Webinar

Asset Management IREM Webinar

Finance Webinars

Risk Management Webinars

Leasing Webinars

Leadership Webinars

Continuing education for property managers

ALM Building Tour & Happy Hour | January 16

People Serving People Volunteering | January 17

2024 VIP Tradeshow | March 14

Find a Snow Removal Service That Fits Your Exact Needs

Common Snow Removal Service Contract Stipulations

Look for an Insured Service Provider

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Financial Reports to Review:

1. Income Statement, aka Profit & Loss Statement

2. Rent Roll

3. Tenant Receivables

4. Accounts Payable

5. Service Charge Budget Report

November Continuing Education Classes

Capstone Track | November 13

Member Party | November 30

Tune Up the Furnace – Commercial Property Fall Cleanup

Confirm Snow Removal Services

Make Summer Storm Damage Repairs

Clean Out the Gutters

Schedule the Year’s Final Window Cleaning

Client Testimonials

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