When you lease space, it is important that you get an extra copy of the keys to your suite. It’s even better to have an electronic keypad added to your door. I love keypads that allow each staff member to have their own code because if someone leaves, you do not have to have the locks changed. Be sure to put a copy of the key or the ...
Category: Commercial Real Estate
August 30, 2021Lynn Drake
In 2010, when I opened Compass Commercial, it was initially just two people. Since it was big and only my son and I lived there, we both worked out of my house, and since no one else was around, we were very lax about our passwords. In 2012, we hired several more people and moved into our first office. It was an exciting time for me. ...
July 8, 2021Lynn Drake
Did you get an increase in operating costs for the building? This tax season, you want to evaluate the pass through’s or increases over a base year that your landlord charges you. More than likely you received a bill already which shows the actual cost billed less any payments made ...
April 26, 2021Lynn Drake
In the last quarter of 2020, Detroit Metro was still struggling with office vacancy rates well below the historical average at 11%. Due to COVID-19 restrictions, most office buildings have been empty since March 2020, and they continued to remain empty in the Q4 Office Market Report. Additionally, many companies ...
March 15, 2021Lynn Drake
Besides a lack of toilet paper available during the Covid shutdown, there were other important things one couldn’t seem to get. With so many people shifting to remote work, computers were sold out everywhere. Headsets were reserved for first responders. Many items that we use every day but never think about were suddenly scarce. Part 4 of the Disaster Recovery ...
March 12, 2021Lynn Drake
What Do You Think? Garland Golf Hotel in Lewiston,Mi comes up with a creative idea on adapting its furniture due to COVID.
March 11, 2021Lynn Drake
I interviewed Elliot Indig on title work and why it is important for my new podcast "Exploring Business and Life".Indig received his undergraduate degree from Touro College and his law degree from Wayne State University. Elliot currently works at Aidenbaum Schloff and Bloom. He works with title companies, investors ...
March 8, 2021Lynn Drake
I interviewed Scott Saunders on 1031 exchanges for my new podcast "Exploring Business and Life".Saunders is Senior Vice President of Asset Preservation known as API. Scott is the expert on 1031 exchanges, and he's been in the business for 32 years.https://youtu.be/tMI4qGlnk3E?list=PLQQwPJkaeFNkZMUjv2PDny8FK-wExinmm
March 4, 2021Lynn Drake
One of the most important things to do for your disaster recovery plan is to make sure you have both a living will and a regular will as part of your disaster recovery plan. Both documents detail who would take over the business in the event of death or illness. ...
February 8, 2021Lynn Drake
I interviewed Leslie Banas, Shareholder and Director of Kemp Klein Law Firm.Banas provides real estate and corporate legal services to those in the multi-family housing, healthcare, professional service and technology industries. See her role in the podcast episode below.https://youtu.be/TSPUCSOWkQ4
January 29, 2021Lynn Drake