Top Tips for Choosing Office Space

Are you in the process of starting a new business? Here are a few top tips that could help you to zero down on the decision making of choosing right office space for your business. Since your office space will represent your business, choosing the right location for your office space must not be taken lightly. Here are a few tips to consider before choosing an office space:

The Location: The most vital part of an office space is the location. You need to make sure location for your office is located preferably in a well developed office locality with good transportation facilities so that the client and employees can reach the office without any hassle. Getting a space in that locality is ideal for an office.

The Construction: It is important to evaluate the building, enquire the year of construction and ensure electricity and water facilities are adequate and there is a good backup system is in place in times of emergency. Choosing the right office space should be done right from the first time, so ensure all facilities are in place. If not, you’ll end up with aggravated employees and a lot of money and time will be spent on repairs..

Office Facilities: An office that provides extra facilities is a good choice as getting facilities set up can be a pains taking task. For example, if the building has a cafeteria for the employees working there makes it easier for the employees to have lunch and errands. Another thing is access to the office, pick one that allows 24/7 access to the office. Make sure to see the security system is in the building. Parking is also an important aspect to consider, ensure there is enough secure parking for your employees.

The Office space: Answer these few questions before choosing the office space. Is it big enough for your employees? Is there room to expand? If it’s a yes for both, you are on the right track. To make things easier ask for the layout of the office and preferably choose one which already is an office set up with a reception, cubicles, executive rooms and a meeting room.

Internet Facility: internet connection is a major requirement for any business in today’s world. Enquire if the building already has an internet service, if they do there’s nothing like it and picking it would be a smart decision. If they don’t find out who are the internet service providers in that area and how long the connection will take to put it to use.

Understand the lease/rental agreement: Understand the lease/rent agreement how long the lease/rent is for and if there are any added charges for maintenance, if required hire an expert. Ensure to read through the agreement twice and consult your lawyer about the ones that seem unclear to you. Ask about the changes you can make to the office and add to the agreement to avoid any misunderstanding in the future. Also clarify what extra charges will you be responsible to pay like property tax that is usually termed as ‘Additional rent’ or “NNN’ in lease agreements.

Analysing your options: Make sure you don’t settle on the first one you see even if you like it. Look for more options and see them and get all the required information for each office space. Then compare, first disregard the ones that had major issues like bad building structure, limited access, no security and no parking. Then with the ones remaining compare the prices and the services being provided. Your main priority must be the locality and it provides all the services. If you find a space that provides you with fully furnished office space with security, cafeteria facilities, parking and is a good structure it would be an ideal choice to make. The lesser effort in setting up of the office makes it easier for you and it gives you extra time to concentrate on evolving your business to higher level.

Choosing a Property Manager – Practical Tips For Real Estate Investors

Selecting a property management firm is one of the most important decisions a real estate investor can make. The following are critical factors we think you should look at when making your decision.

Customer Service

You really want to select a firm that will deliver great customer service – to you and tenants alike. If you experience any responsiveness issues when inquiring about their service, the odds are that you will experience the same on an ongoing basis if you select the firm. Ask pertinent questions such as:

  • Are they available after regular working hours?
  • How do they handle emergencies?
  • Who can you speak to if there are problems, and where are they located?
  • Do they offer any guarantees on their service?

Knowledge of Building Construction & Maintenance

Experience and knowledge of building construction and maintenance is key for your property management firm to have. We would expect a coffee company like Starbucks to have excellent knowledge about the coffee equipment in use at their stores. We should expect a property management company to have excellent knowledge about the building technology in use at their properties. Key questions are:

  • Do they have skills on staff to be able to diagnose building issues quickly & effectively?
  • Are formal and documented maintenance and capital upgrade plans created for each property?
  • Can they manage subtrade work over and above minor maintenance?

Tenant Screening Process

You will want to select a firm that takes tenant selection seriously and does more than just the standard background checks. Tenant selection requires time, solid inter-personal skills and good judgment. Ask questions such as:

  • How much time will they spend with a prospective tenant?
  • What kind of questions will be asked of the tenant?
  • Will references be checked even if a reference letter is provided?

Local Market Knowledge

The most important influence to real estate investment value is the local market influence – and local market knowledge is key. Your property manager should have excellent knowledge of the local real estate market. Ask pertinent questions such as:

· What local staff presence exists?

· How does the firm keep up with local market trends?

· Will you be dealing with any remotely located staff to get service?

· Will tenants or prospective tenants be dealing with local or remote staff?

Fee Structure

You will want to select a firm with reasonable fees and also a structure whereby fees on top of fees are avoided. For example, for a renovation you will want to avoid paying a % fee to the construction contractor, and then a % fee to the property manager on top of that. Ask pertinent questions such as:

· What fees are charged for renovation and construction projects?

· Do they use general contractors for renovation and construction? If so, what fees are charged?

· Do they have the capability to manage subtrades directly?

Information Systems

Technology helps businesses run. Your property management company should have a clear information systems management strategy and operational. As the owner of the property, in the end you are responsible for the information so you will want to make sure your property manager has a good handle on it. Ask pertinent questions such as:

· How is information maintained?

· Are IT industry best-practices followed?

· How is privacy legislation compliance achieved?

· Does a backup strategy exist?

· What is the company’s IT disaster recovery plan

Accounting

And finally, you will want your books in order. This will keep your tax accountant happy and your accounting fees low. Find out if the property management firm has a solid grounding in accounting practices. Key questions include:

· What financial and transaction records are kept?

· What is the accounting cycle for the property?

· Which reports will be provided?

· Is someone available to answer your accountant’s questions should any arise?

Understanding the above areas and getting to know a property management firm’s management approach to managing these key aspects of real estate management will lead you to making a well-informed decision.

Visit www.kazawest.com/articles to access related articles and illustrated versions where applicable.

5 Things to Consider When Choosing a Swimming Pool Service

Construction of a swimming pool either commercial, semi- commercial or residential much depends upon your discussions with the builder/ architect regarding its look, deepness, surround equipments etc. But after it get constructed, to find pool service provider is necessary to keep the pool’s water clean and bacteria free. There are many things to consider regarding choosing of such contractor. Here are following top 5 tips to be kept in mind before signing a contract regarding pool service with any contractor.

1. How and where to find best one?

In your neighborhood many pool contractors may be working. They may be contacted, ask them to come, pay visit and give the estimate. If you don’t know any, ask around. Friends and family can be good source. Try pool shops and pool service companies. When looking for a new pool service provider, it is essential to carefully research the credentials, experience, services and pricing of each potential provider before making your final decision.

2. Experience, Knowledge and Expertise

Your investment in swimming pool construction and its finishing is too big and you don’t want to work with a service provider/contractor/ company that don’t have experience or less experience. Those service provider companies which can properly care your pool may have been in business for a long time, know the new changing, trends, fashions and can provide correct advice. Such service providers history can be searched online, their online reviews, their reputation; demos of their work can be seen while asking them about their current and former clients. Such clients can be contacted to know about their experience with such n such service provider.

3. Sharing ‘By them with you’

Do they share with you what they are doing and why? If you ask. It you can know while contacting their other customers. In their absence, how the water be tested, or running the water vacuum or checking any number of other do it yourself items, attended by you between their visits.

4. Emergency Services

Can they repair any item of the pool if it breakdown any time? Do they offer emergency services? If the pool leaks or something unfortunate happens in the midnight or on the holiday- will they available to help you out? What are their fees for emergency visits?

5. Licensed and Insured

Swimming in a dirty pool can be harmful to your health. Look for a service provider that is properly licensed by the state. It is also important to verify that each potential provider has proper insurance coverage.