New Vistas Corporation has four basic divisions: Property Asset Management, Development, Realty and Construction. Whether the property is a single-site or a large portfolio, these divisions work together to maximize a property’s potential and create a top-rate experience for our customers.
The Real Estate View
A Blog About Real Trends, Tips and News
28th May 2018
Five Upgrades That Increase the Value of Your Commercial Property
If you plan on investing in your commercial real estate property, renting it to tenants, or selling it to a prospective buyer, here are some methods you can employ to boost the value. Make it Eco-Friendly In today’s marketplace, buyers are interested in the environmental impact of the buildings they are considering, regarding both efficiency of energy and water usage and environmental footprint. Analyze your opportunities to harness commercial technologies including solar power, energy efficient light bulbs, low flow water-saving plumbing appliances, increased insulation, and recycled building materials when making upgrades and renovations. These components can lower your expenses while diminishing environmental impact, and there may be tax incentives to invest in green technologies. Convert it Back to a Blank Canvas When listing an existing commercial building on the market, presenting a clean state to prospective buyers will make it easier for them to envision their own business occupying the property. First, ...Read More
15th Jan 2018
What’s a Better Investment: Self Managing or 3rd-Party Property Management?
The current commercial real estate market is brimming with uncertainties that could lead us down many different paths. This unpredictable environment has office property owners and landlords searching for ways to save on operating costs while maintaining stability for whatever the future might bring. Is Property Management Worth It? Not surprisingly, third-party management services are often one of the first items placed on the chopping block. When markets are strong, many owners, including real estate investment trusts, or REITs, assume properties can manage themselves. In down markets, though, they view self-management as a method of recapturing lost revenue. Many private investors feel the same, pondering the possibility of taking things over themselves. This mindset can be dangerous, as many owners fail to realize that managing a property is much more than simply responding to tenant issues. The primary role of a property manager is to increase net operating income for the ...Read More
27th Nov 2017
How Property Owners can Lower the Utility Bill
Everyone likes saving a few dollars when possible. Fortunately, there are some easy tricks you can use to reduce your energy consumption and lower your utility bills. The ten simple tips below don’t require much time or effort and can help you save on your monthly utility bills in no time. Remember the old saying, a penny saved is a penny earned, and these ideas will save you more than just pennies, especially if your property is currently vacant and not generating rent. 1. Seal up the place Think of any air leaking through the cracks of your doors and windows like money escaping. It’s easy to buy caulk and weather-stripping to seal cracks, and chances are you have some caulk left over from previous projects. Consumer Reports says sealing cracks can reduce your energy costs by 15%-30%! 2. Use heat-generating appliances at night If you like to bake, you know how a ...Read More
15th Aug 2017
Property Management Tip: Digital Tools to Attract Tenants & Fill Vacancies
Filling vacancies is an art form, and like any art form it changes over time. Yesterday’s methods – signs, open houses, and online listings – still work today, but they aren’t enough on their own. To keep your properties occupied and delivering profit, you have to embrace the digital revolution with gusto. Here are some tips. Digital Tools to Attract New Tenants Online Listings It’s no secret that most shoppers find their housing on the internet through sites like Zillow, Trulia and Craigslist. Online listings are the first line of attack, drawing the largest volume of potential renters of any of the methods we’ll discuss in this blog. But lots of interest doesn’t always translate into lots of rent agreements. Steady occupancy rates and quickly filling vacancies is achieved by using online listings as a base line, but also getting the world out using several other digital tools and old-fashioned methods. Social ...Read More