Tips to Choose Perfect Serviced Apartments

Serviced apartments are preferred mode of accommodation, for families on a long vacation, business men who travel on work, for people who move into larger cities for medical care and prolonged treatments, for parents who move into cities for training or education of their siblings and as a temporary accommodation before you move into a renovated or a new house. The serviced apartments score high when compared to a hotel because it gives a feeling of a home away from home, for which a proper match of, our needs and services provided in the apartment is a prerequisite. Take care of:

Location

Location of the Serviced apartment is important. The serviced apartments are usually, situated in the centre of the city so that it will be easy to commute for students and businessmen who need to travel often. But, this might not be an ideal location for people who are looking for long lazy holiday to rejuvenate themselves and for people who enjoy picturesque places. In case of medical tourists, a quiet place in proximity to the hospital is suitable. Therefore, need determines the location.

Amenities

It is imperative to collect a list of all amenities available like availability of air conditioner, geyser, kitchen appliances, refrigerator, couch, cot, foldable bed and other amenities like 24hrs water supply, WIFI facilities, well manned front desk, round the clock security, intercom facilities for room service, laundry facilities etc. Checkout, whether, the cost for these amenities are already added to your rent. Make a list of amenities for which you need to pay, decide if those services are needed and then opt for it.

Flexibility in house -keeping services

House keeping services can make or mar your peace. If the house keeping services are going to be rigid and restricted to fixed timings, it would definitely be detrimental to your freedom to move out when you are on a holiday. One should also ensure that washing utensils is also included in the house keeping services if cooking your own food is in the agenda.

Food

If you plan to cook, clarify that the kitchen is fully equipped with utensils you need to cook and to serve. If the apartment is annexed to a hotel (aparthotel), problem of locating an eatery is put to rest. However, verify if room service is available. It is better to select an apartment with at least a cafeteria so that it saves you the trouble of locating a café for your coffee or tea early in the morning, if you are dependent on food from outside.

Budget

Take stock of your needs and see at what price it comes to you for the length of the stay. It would be better to compare it with the other serviced apartments in the locality you prefer and then take a wise decision.

Serviced apartments which match your needs at affordable cost with good security and transport facilities can make your life easy during your stay.

Tips To Get The Perfect Tenant Mix for Your Retail Property

The ultimate goal for any landlord is to achieve maximum income from their retail property. However, that does not imply that they must lose focus on the bigger picture and let their space to any retailer who is interested in the property. Maintaining the perfect tenant mix in the property leads to increased foot traffic, greater spend, delighted tenants and ultimately more demand and better rates for the property.

Read on to find out the five ways to create the ultimate blend of tenants for a retail center.

Study the demographics of the environment

The demographics of the nearby locations play a vital role in determining what kind of retailers will best tick among the shoppers. Conduct surveys and collect information pertaining to what your target customers would like to see in the area around them. For instance, pharmacy stores may be a valuable addition for an aging population.

Talk to your existing tenants

Existing retail tenants may be a good source of providing insight into what brands and products can add more value to their own store and ultimately to the landlord. Analyze the performance of the stores and take a deeper look into their strengths and weakness and build ways to overcome or enhance them.

Mix brands and categories

A retail center that draws a balance between the big and the small brands and has a wider collection of product categories than simply focusing on part of the demographics enjoy better foot traffic. Choose tenants from various product categories and be sure to include local retailers who always have something new and fresh to offer. Look beyond the retail line up and set up service facilities like ATMs to optimize the time and effort spent on creating the perfect tenant mix.

Make market assessment a part of the responsibility

Tenants come and may go at the end of the lease. This may interrupt the existing interconnections within the retail space. For instance, men visiting your retail center to buy baby diapers in one outlet tend to grab a few drinks at the next one. Retail centers must continually invest time and effort to assess the market and ensure that their tenant mix is optimizing the overall performance.

Hire a good commercial real estate property company

Commercial real estate property management services have mastered the art of using several proven techniques in finding the right mix for any kind of retail property. They study the area around the property, analyze the geographical pros and cons of the place and have seasoned real estate experts to work on the tenant mix. They perform competitor analysis to check what products and services are missing in the area and also work towards acquiring high quality tenants for the property.

Landlords and real estate companies can use real estate property management services to manage tenant relationships from the start till the end while they focus on other core activities.