Property Management Blog

Different Types of Industrial Properties

Industrial property management is a specialized service and in order to manage an industrial property effectively, one needs to understand the different types of properties in this category and where each one fits into the marketplace. Industrial properties are one of the four main types of commercial properties, the other three being retail, office, and multi-family, and they usually have industry-specific requirements. This is a broad category that covers many different kinds of buildings with multiple uses. Warehouses and Distribution Centres These are large, single story spaces that are predominately used to store and distribute stock. These buildings can vary… [Read More]

Property Management Services Needed as Industrial Properties Expand

The demand for industrial space is high throughout the Waterloo Region and owning an industrial property can be a great investment. But remember, properties don’t take care of themselves and they need to be well managed in order to generate a good income. Even a market with a high demand for industrial property doesn’t automatically guarantee full-time occupancy. Your property needs to appeal to the right industry and offer tenants a good, workable space. Industrial properties can be divided into different categories and it is important to understand where your property fits in the market. This will help you advertise… [Read More]

Assessing Your Industrial Property’s Fire Safety? Latitude Can Help

Due to the size of investment required to purchase or lease an industrial property, there are few businesses that would be willing to settle into a new building without some kind of property inspection. Unfortunately, these traditional assessments don’t always take into consideration the importance of the life safety and fire systems, especially where the property’s purpose has been changed. A warehouse or buildings used for manufacturing may not have required the same safety systems that are needed when the purpose is altered, making a new assessment of the building and subsequent safety protocol a necessity. Industrial properties have a… [Read More]

4 Clear Damage Signs to Look for When Buying a Property

Looking for a new home for yourself or your family is one of the most significant events in most people’s lives. Finding the right property is crucial but can also be challenging. One of the most important aspects is avoiding future problems and expenses resulting from pre-existing damage. By looking out for the following signs, you can save yourself a lot of money and headaches. The financial and emotional challenges resulting from buying a home riddled with underlying problems are some of the main reasons buyers seek out the advice of residential property management specialists like Latitude Property Ltd. Common… [Read More]

Completing Proper Tenant Background Checks? Latitude can Help

Tenants can be a real handful, but a bad tenant can make you reach a point where you think tenants are more hassle than they are worth. But renting out your property doesn’t have to be a horrible experience. There are lots of great tenants out there and there are steps that you can take to ensure that you get a good one. Corporate property management companies, like Latitude Properties Limited, have years of experience in matching landlords and tenants and can help you screen tenants and make good choices. It is the landlord’s responsibility to verify tenant information and… [Read More]