Property Management: Finalizing Year-End Reports
As property managers, our responsibilities extend beyond overseeing day-to-day operations of our managed properties – we are entrusted with the crucial task of managing property finances effectively. Paramount in this regard is finalizing the prior year’s financial reports, which is critical for many reasons. 1. Accuracy and Completeness Completing financial reports promptly allows for accurate […]
New Year’s Property Management Checklist: A Guide for Success in 2024
The start of a new year brings with it a myriad of responsibilities and tasks to ensure the smooth operation of investment properties. January is the perfect time to review and refresh your property management strategies for the upcoming year. Here is a comprehensive New Year’s Property Management Checklist to help you kick off 2024 […]
Suburban Retail Outlook
Retail Real Estate, Pre and Post Pandemic During the pandemic, mandated shutdowns changed the steady growth of vibrant retail across the US into what felt like the final chapter in a cliff hanger, leaving readers with mostly questions and not enough answers. Not only did the shutdowns put future commercial real estate deals at risk, […]
Illinois’ Quadrennial Reassessment: What You Need To Know
In the State of Illinois, the law dictates that each property, other than farmland, must be viewed, inspected, and revalued once every four years (every three years in Cook County). Farmland is reassessed each year. This four-year cycle of assessments is referred to as the Quadrennial Reassessment. The year 2023 is presently in the fourth […]
Retail Portfolio Gains Value Through Addition of Property Management
Commercial real estate (CRE) is an attractive investment because of its consistent returns, passive income, and growth potential. The commercial sector of real estate investing is becoming more and more popular as an alternative investment. However, while it has the potential to be profitable, the acquisition of commercial investments is only the first step to […]
The Advantages Of Hiring A Local Property Manager
Whether looking to add members to your team or hiring a professional third-party commercial property management team to manage your property, there are clear advantages to hiring local. A local property manager knows the local politics and customs, the “lay of the land” so to speak. They have an established network and know how to […]
Managing A Diverse Real Estate Portfolio
Owning property is every investor’s dream; yet the simple act of purchasing it, while complicated and requiring much analysis and consideration, is just the starting point. As one develops a diverse portfolio, management of these properties must be increasingly strategic to maximize profit. The investor must understand the scope of skills needed when selecting a seasoned professional […]
Caton Commercial Expands Brokerage and Property Management Teams
A Company To Watch – Caton Commercial Real Estate Group continues to build its presence as a leading commercial real estate brokerage and property management firm, adding several new members to the team. Five commercial brokers and two support staff members joined the brokerage company and Caton Property Management has added three new team members. Commercial brokers, Fatina Sayegh, […]
The Growing Demand To Drive-Thru
The drive-thru concept had its start in the 1930s but really began to take off in the 50s and continues to rise in popularity today. America’s love for convenience by car started with the banking industry and has grown over the years to include dropping off mail, picking up a prescription, or grabbing a bit […]
Maintaining Relevance When The Only Constant Is Change
In a world where change is the only constant, remaining the leader in and through uncertain times takes strong personal character and perseverance. It takes vision. There are many ways to stay relevant: staying involved in the community, maintaining the role of a leader in the commercial real estate industry, and continually increasing knowledge and […]