Common Area Maintenance And Real Estate Property Management In USA

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Common Area Maintenance And Real Estate Property
Management In USA
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• Investing in retail spaces is a viable investment
  option. To get back a return on investment that
  is profitable it is best to understand the
  charges that you will apply on that property.
  Common area maintenance or CAM is a component
  that will contribute towards your return on
  investment.

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Here are the various component that will
contribute towards your return on investment

• Facilities charges
• Any retail space has to have the basic features
  that any commercial real estate property does.
  Facility charges include all the charges that the
  owner has to bear for the maintenance of service
  facilities that not only all tenants use but also
  all the customers visiting the place use.
  Washrooms, elevators, escalators, fire escape
  routes and all other necessary safety equipment
  fall under this category.

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Here are the various component that will
contribute towards your return on investment

• Maintenance and administrative charges
• Retail space owners with the advice of their real
  estate management services agents can charge up
  to 5-18 of the total cost of administering and
  maintaining their premises. Administrative and
  maintenance costs include all the charges that
  the owner incurs to ensure that the property
  looks aesthetic, functions smoothly and is kept
  safe.

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Here are the various component that will
contribute towards your return on investment

• Outdoor area maintenance charges
• Real estate property management observations show
  that a retail space with adequate parking space
  and recreational activity area is more likely to
  be leased out sooner compared to a property that
  does not have such services. However, as an owner
  that increases your initial costs. This you can
  get back by charging for them under the outdoor
  area maintenance section.
• Inspections and improvements
• Any commercial real estate has certain legal
  obligations that it has to abide by. These cover
  the clause of getting the premises regularly
  inspected for any damages and for any health
  hazards. Real estate services arrange for such
  inspections and even get the necessary
  improvements and repairs done. The costs of such
  activities can be partially shared by all tenants
  under CAM costs.

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Here are the various component that will
contribute towards your return on investment

• Additions or improvements
• With the advancement in technology, your tenants
  may demand that you make certain changes to the
  premises. You can split the cost of getting these
  improvements between your tenants that are
  mutually beneficial to all parties involved in
  the property.

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• Contact us for more information on Real Estate
  Management Services
• And commercial property management
• Connect us through http//madisonprop.com