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Both renters and landlords have something in common when it comes to commercial properties. For each of them, furniture rental can play a key aspect for each of their business prospects. Furniture rental is a good way to set up a business in rented or leased space. Those who are trying to lease a space may also consider renting furniture to stage the space or rent a furnished space for a potential tenant.

Renters and landlords

Reaching a mutually beneficial leasing agreement takes some measure of compromise on each side of the table. Landlords will want to find a high quality tenant and give the tenant a reason to stay. A turnover of about 3 to 5 years is common so keeping a good tenant feeling at home is of critical importance. Renters will need to impress a landlord with their reliability and stability as well as their business acumen in order to secure the best properties and locations.

Being the Landlord

When looking for that perfect tenant, the focus for the property becomes how to present it in the best possible light. The location and amenities are of course the main features that will be important for a tenant. However, the space alone doesnt always make the sale. Sometimes, even with prime commercial properties, furniture rental can really add to the space.

Not every renter has an interior designers eye or their sense of space. A landlord may need to show, rather than tell, how great their commercial property is and how perfect it will be for the renters needs. This can be achieved with creative and effective furniture rental.

Staging isnt just for residential real estate. Commercial rentals can also benefit from staging. A few strategic pieces can define a space and its uses. A staged room tells its own story while blueprints, a set of measurements or an empty room often needs explanation.

A landlord should take time to stage before showing a commercial property. They might want to choose a few pieces, like a reception desk or a conference table, to create the structure for the space. Landlord also may want to consider the clientele that will be attracted to a space. A law office or financial planner will not have the same needs as say, an architect or a retailer. Landlords should think about the size and location of a property, in addition to the type of renter that is most likely to see it as a desirable space.

As a landlord, its not necessary to completely furnish an entire suite, but it may be beneficial to give the prospective tenant an idea of how the space can best be used. However, for the right renter and the right lease terms, some landlords have included an allowance for rental furniture for a specified length of time. This could be just what a start-up business or a relocated office needs to get off the ground.

Being the tenant

Furniture rental can also be a big help when locating commercial property. The capital to make large scale purchases might not be available when first acquiring commercial office space. The business might be a start-up or a newly opened office without the large budget for the funding to buy a large quantity of new furniture. Renting furniture is a smart way to get off the ground in style.

Renting furniture also shows the landlord that the renters have good business acumen. It demonstrates that the business is smart enough to know how to keep some funds in reserve until the business sustains a certain profitability.

When it comes to commercial properties, furniture rental just makes sense. For both landlords and tenants, there are some smart reasons to rent instead of buy.

Construction and renovation of buildings are all over the industry. This is just a proof that the economy and the lifestyle that we have are improving and having its progress. We should be thankful to all the people who go beyond small storey buildings and extend their limitations by making the large and amazing buildings that we see now a day. Since the kind of industry that we have today is now very particular about making different buildings, dump truck rental plays a big role in every large construction. Dump truck rental is very useful in every building project that requires the transportation of different materials from on building site to another.

Most of the construction company would rather hire a dump truck rental because it would be expensive to buy for one. Truck rental services are all over the field so there is no problem when it comes to delivering of good s and equipments. This is a big help because this will help the company to save money by hiring instead of buying for their own large vehicles that are extremely expensive. Other than this, the company can also save their self from the problem concerning the maintenance of the large vehicles.

Dump truck rental is indeed very useful for a certain company that requires the frequent transportation of equipment and goods. In choosing for the right kind of dump truck rental, it is important that the company analyze the amount of goods to be loaded. The number of goods is important to consider ahead of time to avoid any problem about the size of the large truck. It is of course advisable to hire for a dump truck rental that has big space capacity. However, if the space needed is not that big, better chose for the smaller dump truck in order to save money in the renting charges. The number of days that the dump truck rental should be would be used considered as well.

In using the dump truck rental, drivers should also be given enough priority. This is to avoid any problem in transferring the building materials.

There are a lot of things to consider and many more preparations to be done before you launch your own property rental business. Below is a check list that will help you to ensure a smooth and profitable outcome from your business.

1.Follow The Law Of The Land – Find out about what laws govern the rentals of your type in your area, follow covenants, conditions, and restrictions. Read carefully any such documents that lay down the rules for the area where your home is situated and sign whatever contracts/ agreements are required BEFORE you enter into contract with your tenants.

2.License and Permits – ensure that you have completed all the necessary paperwork and have all the required licenses and permits to rent your home in the area where it is situated.

3.Safety regulations – each state or province have their own specifications for safety. Ensure that you are following rules set out for your home as a rental.

4.Insurance – insure your home, purchase contents insurance as well as the tenant/rental insurance. It is always better to pay a little extra every year than find yourself at the mercy of fate, when it strikes.

5.Advertising – you will find a very detailed advertising strategy for your rental home later in this book, however here are just some of the highlights:
a.Research and decide what your best options for advertising would be.
b.Enroll in some of the most popular online rental websites where you could advertise your property.
c.Have a copy drawn up, which you could offer to other websites, and circulate both in the brick-and-mortar world as well as virtual world.
d.Take photographs of your property in the morning, midday and at night to make a stunning portfolio; have a walk-through-the-house virtual tour ready for whenever you need.
e.Create a website, if possible and have your property showcased there; it will be very easy to provide the link to your potential tenants via email or other means.
f.Tell your friends, colleagues and relatives about your property. It will make a great word-of-mouth advertisement.

6.Rental agreement – you need to have a standardized rental agreement. Check with you local real estate board, they often have very thorough residential rental agreement available for a small fee or even for free.

7.Taxes – understand the tax liabilities and benefits in your state or province. Pay close attention to capital gains and tax deductions eligibility.

8.Payments – income and expenditure need to be clearly understood so you would know where you stand financially at any given point of time. Here are a few steps that would help you in that direction:
a.Calculate your break even point.
b.Set up a rate chart that covers your daily/ weekly/ monthly/ annual rates.
c.Work out a system whereby you would be able to understand your cash flow, expenses and net income.
d.Have a payment schedule worked out.
e.Have standard forms and letters ready for easy communication.

9.Maintenance – maintenance of your home is an important activity, which would require your close attention. Unless the house is well maintained and cared for, your guests would not be able to settle in comfortably in your home. Here are a few important points you should remember:
a.Provide clear instructions on garbage disposal.
b.Provide a phone number for emergency contacts.
c.Provide clear instructions with a chart if possible, on what maintenance you expect your tenants to do and what will be done by you. See Addendum to Lease Agreement – Policies for a sample repairs addendum on ‘Property Management Forms and Letters’ disk.
d.Ensure that all the repairs and renovations are completed before the guests arrive.
e.Arrange for a reliable cleaning service or housekeeper (in case of vacationers; for non-vacationer lease, cleaning would be the responsibility of the tenant)

10.General: This covers a few things that would facilitate a comfortable stay for your tenant:
a.Provide informative documentation about the attractions in the area.
b.Provide a list of your recommendations for dining out, shopping and entertainment. This would be exceptionally well received by your tenants.
c.Provide a tour map of the city, public transit map if you have one, and few taxi companies’ numbers.
d.Provide an up-to-date yellow pages book.

11.Landlord – effective communication is very important both before and after finding the right tenant for your home. Here are some guiding points:
a.Take some time to prepare standard answers to the most common questions you will get.
b.Set up standard procedures, so both you and your tenant know how to proceed in certain situations as well as have same expectations. An example of such procedure would be a check-in and check-out procedure/policy.