May 21st, 2020
For a company like Culmen, known for keeping tenants happy, helping businesses in the time of COVID-19, is essential work, to help companies stay afloat throughout uncertain time. The role of property managers in keeping properties clean and safe has become even more essential in this time. Culmen Real Estate Services, classified as an essential […]
October 15th, 2019
If you own commercial real estate, you know that bringing new tenants into your building is both the most exciting and the most frustrating part of managing your investment. Negotiations can string along for months, and the tenant improvement process is full of potential pitfalls. But if you have the right advisors at your side, […]
October 5th, 2019
So your building has been on the market for a few years and you haven’t been able to close a deal. Should you consider offering free rent as a marketing tactic to attract a tenant? Short answer: No. Slightly longer answer: Free rent should never be a marketing tool, but it can be a useful […]
September 25th, 2019
Negotiating a lease with a new tenant can sometimes string out for weeks or even months as the two parties try to reach an agreement about all of the terms. One of the main topics that landlords and tenants will go back and forth on is the tenant improvement allowance. What is a tenant improvement […]
September 15th, 2019
When you purchase an investment real estate property, you have to make many decisions. One important decision is whether you will charge a flat rate to tenants and cover all operating expenses yourself, or whether you will charge tenants a lower rent and bill them for expenses. The first option is usually referred to as […]
September 5th, 2019
Commercial real estate trends come and go, and keeping up can take a lot of work. Some tenants will always flock to the building with the coolest layout, in the best neighborhood, or with the most perks. Since you can’t pick up your building and move it to a better spot, and you can’t expose […]
August 26th, 2019
The most profitable customer is the one you already have. This is never more true than in commercial real estate, when replacing customers can cost millions of dollars in lost rent, broker fees, and tenant improvements. But too often, commercial property owners put too much attention on finding new tenants to fill vacancies and end […]
August 16th, 2019
Investing in commercial real estate is risky. If all goes well, you’ll develop a steady stream of income from your tenants and a building that will appreciate over time. But if something goes wrong, the building becomes a money pit that ends up costing you millions of dollars. To evaluate the benefits of making an […]
August 6th, 2019
In commercial real estate, keeping tenants happy is the key to a successful investment. It will increase your chances of renewals and could lower your cost of capital. At Culmen Real Estate Services, we earned a record-low interest rate on a property loan because our lender met the tenants and saw how happy they were […]
