Innovation and technology are no longer an afterthought when managing a property — it’s a necessity. Steve Jobs once said, “Innovation distinguishes between a leader and a follower.” His statement will forever ring true, especially when it comes to managing a residential or commercial property in New York City. Read More
Having a good business credit score is invaluable these days. Credit scores help suppliers and lenders predict whether a business owner will pay his/her bills on time. Here are a few ways property owners and real estate investors can take control over their business credit and give it a boost: Read More
Every NYC property has profit potential; however, it loses that potential if you are lax when it comes to cost control.
Commercial properties are prone to overspending, and overspending hurts profits. If you own a building in NYC, then reducing maintenance costs, keeping purchases under control, and maintaining cash flow are essential.
If you do not have a solid plan of action to help reduce inefficiencies and eliminate profit leaks in your commercial property, you could be losing money. The good news is getting on track is not as complicated as you may think. Here are three ways to help prevent unnecessary profit loss: