Contributed Posts – Page 75 – The Big Words Blog Site

Six Reasons You Should Exercise As Part Of Your Routine

A key focus of my blog is Health/Wellness. While we know that exercise is important, the benefits other than the physical are not talked about often. There are many. The following contributed post is entitled, Six Reasons You Should Exercise As Part Of Your Routine.

* * *

How good is an exercise to you? Are you aware of how good it is to you? Find out how exercise can improve your life, from improving your mood to enhancing your sex life. Looking for more energy, better health, and even an extra year? Exercise is all you need.

Photo by MART PRODUCTION from Pexels

It’s hard to ignore the health benefits of physical activity and regular exercise. Exercising benefits every person, no matter their age, gender, fitness level, or physical ability.

Are you still not convinced? Get healthier and happier with these six steps.

Weight Loss Is Controlled By Exercise

Exercising can prevent excess weight gain or help maintain weight loss. You burn calories when you engage in physical activity. Calories are burned at a higher intensity.

It’s great to go to the gym regularly, but don’t worry if you can’t find time to exercise every day. It’s better to do something than nothing at all. Simply avoid using the elevator and take the stairs instead – or increase your household chores to reap the benefits of exercise. It is important to maintain consistency. If you want to know which machine to use between a rower and treadmill for weight loss have a look at a guide to both workout machines.

A Healthy Lifestyle Includes Exercise

Are you worried about heart disease? Looking for a natural way to prevent hypertension? Whatever your weight, being active will boost high-density lipoprotein (HDL), the “good” cholesterol, as well as lower unhealthy triglycerides. As a result of this two-pronged approach, you will be less at risk of cardiovascular disorders.

Getting Exercise Improves Your Mood

Are you feeling down? After a stressful day, would you like to blow off some steam? Try going to the gym or taking a brisk walk. Physical activity stimulates different brain chemicals that may make you feel happier, relaxes you, and reduces your anxiety. When you exercise regularly, you may also feel better about your appearance and yourself, which can boost your self-esteem and confidence.

Exercise Boosts Energy

Shop for groceries or do household chores and find yourself overwhelmed? A regular exercise program can strengthen your muscles and increase your endurance. As a result of exercising, your tissues receive oxygen and nutrients, and your cardiovascular system becomes more efficient. Having a healthy heart and lungs means having more energy to perform daily tasks.

Exercise Improves Sleep

Having trouble sleeping? Sleeping better and deeper is facilitated by regular physical activity. Exercise at least 30 minutes before bedtime, or you might not be able to sleep well afterwards.

Exercising Can Be Fun And Social!

The benefits of exercise and physical activity are numerous. These activities allow you to unwind, enjoy the outdoors, or simply do something you enjoy. In addition to helping you stay fit, physical activity helps you to bond with family and friends. You can also join a soccer team, take a dance class, or hike on the trails. Find something you enjoy doing physically, and just do it. Are you bored? Consider trying something new or doing something with family or friends.

These are six great reasons why you should be exercising as part of your routine. Do you have any other benefits that you could share in the comments below?

Signs Of A Strong Property Investment

Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. If you get in and get a mastery of the field, real estate and identifying income generating properties for investment. A major key is to figure out what makes a ‘strong’ property. The following contributed post is entitled, Signs Of A Strong Property Investment.

* * *

If you are keen to try and invest in property, you need to make sure that the ones you are choosing to invest in are as likely as possible to bring you the returns you are hoping for. That much can go without saying, but what is much less clear is working out how to know whether a property is likely to be a strong contender. There are a few clear signs in particular that you might want to look for, and in this post we are going to take a look at just a few of the most important ones.

Pic Source – CCO Licence

Up-And-Coming Area

As we all know already, location is everything when it comes to investing in property, so you need to make sure that you are choosing something that is in an up-and-coming area. There are a lot of things to think about here, but one idea is to look at whether businesses tend to be entering an area in a particularly quick or sudden manner. That is going to show that it’s probably due to be a popular area, meaning you can expect the value of the property to increase soon, and the rental yield to be better as well.

Strong Foundation

You should always get a survey on any property you are seriously interested in investing in, and one of the main reasons for that is you need to know whether it has a strong foundation or not. A property that has a strong foundation is going to be so much more valuable, and you’ll have much less work to do later on to keep it in order too. Everything needs to be considered and evaluated here, right down to the grouts and the levelling of the foundation stones. Ensure the property you are buying is built strongly and sturdily from the start.

Growing Market

You always need to look not just at the individual property itself, but beyond that to the market as a whole too. A growing market is obviously always going to be healthier and more likely to give you the returns you need and want later on, so make sure that you are doing all the necessary research into this before you do anything else. A growing market is simply one which is gaining interest, and you need to think about the market of the local area, the country and the globe too.

Pic Source – CCO Licence

Meeting Objectives

You should always go into property investment with some definite, clear objectives, so that you can ensure that these are going to be met – and that you will therefore get a lot of the success that you are looking for. If you come across a property that appears to specifically aid in meeting your objectives, then you are going to want to put a lot of effort into securing it, of course. This is something a lot of investors overlook, but it’s a really important thing to consider, so don’t forget about it if you can.

7 Things You Need To Do After A Car Accident

Two focuses of my blog are Financial Literacy/Money and Health/Wellness. Car accidents impact those involved them in a myriad of ways. Two major ones are finances and personal health. It’s important to know what to do in the event that you get into one. The following contributed post is entitled, 7 Things You Need To Do After A Car Accident.

* * *

Image Credit

Although people seem to travel around less due to the COVID-19 pandemic, it’s still essential to be cautious on the road. It’s always prudent to prepare for any emergency that may arise during daily activities, including road accidents. Statistics reveal an 8% increase in fatal road accidents between 2019 and 2020 in the US. You need to take some essential steps when you’ve been involved in an accident, including the practical tips below.

1. Don’t drive away
No matter how minor the accident may seem, it’s best not to drive away from the scene immediately. You may not be sure how serious your injury is or the extent of damage to your car. It’s best to stay put while you call for help to ensure your safety and offer enough information when the police arrive. To stay safe while waiting, you can keep your lights on to improve visibility and make it easier for others to spot you. It’s advisable to have a safety kit in your car that includes a flashlight, so you can keep that on in case your car lights are damaged. While you wait, you can help calm yourself down by taking deep breaths to slow down any adrenaline rush you may be feeling.

2. Contact the police
It’s always vital to call the police immediately an accident occurs, no matter how minor the accident or your injury may be. If you feel any pain, you should contact 911 or ask someone to help you reach an ambulance. Calling the police will help make other processes, such as claiming your insurance, easier for you. It’s essential to take in the accident scene details so you can give an accurate report when they arrive. If you’re able to, you can take pictures of the scene or damage with your phone to keep a record, but remember not to interfere if the police are investigating the scene. If for some reason, you can’t recall all the facts when the police arrive, you should be honest and let them know instead of speculating. If there’s another party involved in the accident, ensure that they make an accurate statement as well if you can.

3. Get all the necessary information
Accident issues are usually not solved within a day, and the parties involved may not always cooperate. Therefore, you must obtain the necessary information from all parties involved in the accident before you leave the scene. You can do this while waiting for the police to arrive. Information such as their names, phone numbers, and addresses is vital. It’ll also be crucial to get any witnesses’ information if you need their account in the future.

4. Inform your insurance company
It’s best to inform your insurance company as soon as possible after the accident occurs, as most insurance companies require that you immediately report when there’s such an incident. Depending on the insurance package you’ve settled for, you should be able to access the benefits such as medical care and repairs after your full cooperation and after they’ve assessed the extent of the damage. It’s prudent that you keep a detailed file of all the information and documents regarding the accident to make it easier for you to claim your insurance and provide all the necessary information. Although you may want to handle the costs on your own, it’s best to claim your insurance instead to save you time and money.

5. Consult your lawyers
It’s vital that you know your rights as an accident victim, to avoid being cheated or losing essential evidence. You need to contact your lawyers so they can advise you even before you make a statement. Your attorneys can guide you on how to get total compensation, medical care, etc. For instance, decisions such as suing for damages from a trucking accident will be easier and more informed after consulting your lawyers.

6. See a doctor
Injuries from accidents aren’t always apparent. Therefore, you need to seek medical attention as soon as possible to minimize the risk of severe or permanent damage. You can either consult your family doctor or visit the closest hospital to ensure you haven’t sustained any injuries, especially to your head, chest, or spine.

7. Tow your car if necessary
You may need to tow your car if it’s badly damaged. If the police don’t call a towing company, you should have one on hand to contact quickly. Before settling for a towing truck company, it’s best to ensure that they’re credible and can get the job done without further damage.

Having an accident is unpleasant and can lead to several issues. However, with these tips, the incident will be easier to deal with, and you’ll have a handy checklist to help you get through it.

3 Home Improvement Ideas That Make A Cozier Home

Two focuses of my blog are Home and Living and Home and Property Discussions. There are several considerations that come with home ownership. One of the foremost is making your home as comfortable as possible. The following contributed post is entitled, 3 Home Improvement Ideas That Make A Cozier Home.

* * *

Photo by Tima Miroshnichenko from Pexels

They say home is where the heart is, so do you really want a boring, dirty, old heart? It is easily assumed that the answer to that is no, and rightfully so. Having a home, apartment, condo, etc., that embarrasses you anytime your friends or family comes over is no good. No one should ever experience that feeling.

A home is a place for you to relax, feel comfortable, and feel at ease. You should not be walking into your living space every day questioning whether this looks good or that looks good.

So, if you have these negative feelings about where you live, what are the options to flip the script? How about some home improvement!

There are a ton of ways for you to improve your home. You can do that simply through decoration, but if you were really looking to make a change, diving into some home improvement projects could be just what you need; just make sure you (or your contractor) know what is going on, so there are no construction defects.

But what home improvement project should you get started with? Take a look a below at the three home improvement ideas that will give you a better, cozier living space:

Create Better Storage

One big issue that people can run into when trying to do things around the house is just the sheer amount of “stuff” they have. For example, when a parent of two is trying to move a chair from the living room to another room in the house, there is a good chance they step on a lego or some other type of toy. To fix this/improve your home, you could create a better storage system.

What this storage system looks like is up to you, but there are plenty of ways you can go. From building some shelving, to an entryway organizer, to creating a crawlspace, making space for more storage is a nice way to change the dynamic of the house.

Get Your House Professionally Cleaned

There is no real construction being done when cleaning the house except maybe putting the vacuum together. Joking aside, giving your home a deep cleaning is a great way to improve the atmosphere and vibe of the living area. You can put in the effort and do this all by yourself, but if you hire a professional cleaning company, they will give you the best house cleaning you can imagine through intense carpet cleaning and the dusting of every nook and cranny.

Painting

Like above, you can have your house professionally painted; you can also do it yourself. Whatever the case, giving your home a fresh new coat of paint (both on the exterior and interior) will breathe new life into your living space. A new coat of paint may seem like a very basic idea, but it can do wonders, especially if you decide to change up the color palette.

How To Create An Effective Investment Portfolio

Buffer

“You should always be trying to grow your money as much as you can. The more you can grow your money, the less money you need to earn to pay your bills. The less money you need to earn to pay your bills, the more free time you have to do what you love.”

Buffer

A key focus of my blog is Financial Literacy/Money. One of the keys to money is generate returns from your investments. In order to do that, you must understand how to create effective investment portfolios. The following contributed post is entitled, How To Create An Effective Investment Portfolio.

* * *

Photo by Alesia Kozik from Pexels

You should always be trying to grow your money as much as you can. The more you can grow your money, the less money you need to earn to pay your bills. The less money you need to earn to pay your bills, the more free time you have to do what you love. That’s invaluable. With that in mind, here are some tips on how to create an effective investment portfolio.

What is an effective investment portfolio?

An effective investment portfolio, quite simply, is an investment portfolio that works for you. It can be inspired by what other people do. It should, however, indeed must, be driven by your personal situation. That means your needs, wants, goals, budget, and timescale.

Educating yourself

Professional financial advisers may dive deep into intricacies like GIPS performance, investment ratios, and statistical probabilities. For everybody else, however, it’s usually enough to grasp the basic mechanics of the main forms of investment. That should be enough to get you in the right general direction. You can then study the specific topics that interest you.

You may also want to take a look at the strategies used by high net worth individuals to develop and maintain their portfolios. There are definitely a few lesser-known tips that will catch your attention. Consider people like Sean Casterline to research and learn more from where possible.

There is, however, one lesson you can take away from professional financial advisers. They never beat themselves up over past mistakes. Every investor has at least one story about an asset they should have bought. If you start investing, you’ll almost certainly pick up at least one yourself. Learn from your mistake but let it go.

Understanding liquidity

Liquidity basically means how easy it is to buy or sell an asset. This influences how far ahead you need to plan if you want to purchase or dispose of an investment. Tangible assets tend to be relatively illiquid. Real estate is particularly illiquid. It can take weeks if not months to buy or sell a property and there are often high costs involved.

Stocks, by contrast, tend to be fairly liquid. That said, there can be a lot of variation in their liquidity. It’s also important to note that trading stocks also incurs transaction costs and possibly taxes as well. Generally, therefore, your aim should be to buy and hold for as long as possible, rather than to buy and sell.

Understanding growth versus yield

Some investors aim to buy assets with a view to selling them, or part of them, when they have increased in value. Other investors aim to buy assets that generate an income (like rent or dividends). Many investors aim to do a combination of both although not necessarily in an exact 50:50 ratio.

It is, however, important to understand that, in the stock market, growth comes at the expense of yield and vice versa. Essentially, a company can either use its resources to grow or give a yield to investors. With tangible assets like real estate, however, you can have both growth and yield.

Understanding risk

A standard disclaimer in investing is that you may get back less than you invested. This is true and it’s why you should only invest with money you can afford to lose. It’s also why you should diversify your portfolio to spread your risk.

Realistically, however, if you consistently pick solid investments, you should expect to make decent returns over time. You will, however, probably need to ride out temporary downturns. It’s important to be prepared for these both financially and mentally.

5 Ways To Advance In Your Career

Two focuses of my blog are Career Discussions and General Education. Once starting a career, if it’s going to be your life’s path, you must think about advancing in your career. In many instances it’s not as simple as it sounds. The following contributed post is entitled, 5 Ways To Advance In Your Career.

* * *

https://unsplash.com/photos/2OU30mdtseY

It’s always going to be the case that you’ll want to get ahead in your career. If you want to earn more or get a promotion, you need to be thinking about how you’ll progress. But it can be hard to work out how. Whether you’re in the digital world or not, there are a few ideas that can really help you. Let’s take a look at what you can do to get ahead at work.

1. Build A Personal Brand

First of all, you would definitely benefit from having your own personal brand in place. Think about how you can build up a reputation for yourself in your field. It’s a good idea to take a look at your reputation score and work out what you need to do to be able to position yourself as an expert. And, remember that this is going to take time and won’t be an overnight fix. But building it can certainly help your career to grow over time.

2. Improve Your Skills

From here, you might also want to make sure that you’re always working on your skills. If you want to get ahead, you might need to develop your skills to help you get there. There will be things that you can do that apply to your set field that will help you to get ahead. So start to work out what you can work on to grow and learn so much more.

3. Network

Next, you’re going to want to make sure that you’re networking. When it comes to things working out, you’ll need to be sure that you’re meeting the right people and making connections. You never know what opportunities can come your way because of this. So connect online and put yourself out there.

4. Get More Education

From here, you’re then going to want to think about your education. Because you might need to get a PhD or master’s in order to move to the next level. Maybe you even want to move industries or something similar? It could be the case that you really will need to get more education in order to effectively advance your career.

5. Put Yourself Out There

Finally, you’re going to want to make sure that you’re putting yourself out there a bit more. It could be the case that you just need to have more confidence and go after different opportunities. Sometimes, you hold yourself back because you’re afraid of failure or things being hard. But if you don’t ask, you won’t get. And what’s the worst that can happen? As long as you’re thinking outside the box and being creative, you’re definitely going to make it work for sure.

It can often seem like you don’t know where to go next with your career, but you can certainly turn things around by being a bit more focused and having a plan. So have a go at one of these options (or all five) and see if it finally pays off for you!

Smart Home Renovation Ideas To Increase Your Home Resale Value

Two focuses of my blog are Home/Living and Home/Property Discussions. When you purchase a home and own it for some time, a key consideration is reselling it depending on you individual life and trajectory. The following contributed post is entitled, Smart Home Renovation Ideas To Increase Your Home Resale Value.

* * *

Image Credit

What if you could boost your home resale value by 5%? While this seems small, that is approximately $16,000 on the average $374,000 US home. Statistics have shown that about 69% of US households have at least one smart home device, while 12% have more. Smart technology is now a mainstay, and incorporating it in your home renovation will significantly increase its resale value. Fortunately, there are many other upgrades you can increase your home’s resale value while adding functionality. Here are a few strategic home upgrades you should consider to achieve this.

1. Revamp your kitchen

The kitchen is one of the important places in your home and can use an upgrade. Enhancing your kitchen with a modern look will improve its value significantly. You may want to consider ditching a dull color for a more neutral one, for example, white, to attract more potential buyers. Additionally, you should go for suitable materials if you intend to replace them rather than a simple restore. Using suitable material can increase your home value by almost 20%. Other upgrades such as granite countertops can increase your home value significantly, yet they quickly build up your home renovation cost. You may have to complete a cost vs. ROI analysis before making a decision.

2. Go for a bathroom upgrade

Like the kitchen, an outdated bathroom can affect the overall value of your home. Refurbish your cabinets and avoid passé colors and wallpapers. Your bathroom can include eco-friendly toilet installation. However, take note that not every feature requires replacement or change. For new build construction projects, ensure to include items that add personality and uniqueness to your home, like modern bathroom doors. You can likewise maintain swan handles and crystal beaded tiles.

3. Secure your entryways

The various entryways into your home are a vital aspect that affects the value of your home. Understandably, a house with weak entryway security would have less value than one with sufficient and robust security. Therefore, you should consider functional and adequate security measures. For example, you can install a video doorbell to monitor and record activity around your entryways or an alarm system to alert you of intruders. These smart technologies keep you connected to your home even when away, adding functionality to your home.

4. Add some energy-efficient fixtures

Nothing turns away a potential buyer than old energy-consuming devices. For example, although air conditioning is excellent, it may increase your energy bills. Therefore, installing a ceiling fan allows the potential buyer to select a more energy-efficient choice, which increases your home value. You can consider installing energy-efficient products like a smart thermostat, energy monitors, and renewable energy sources such as solar panels. Energy-efficient fixtures aren’t only great for reducing your energy bills and improving your impact on climate change, improving your indoor condition and energy consumers’ price risks.

Implementing these home renovation ideas will fetch you a reasonable price for your home in today’s market.

Realistic Ways To Make Money Online Right Now

Three focuses of my blog are Financial Literacy/Money, Business/Entrepreneurship and Technology. In today’s digital world, there lots and lots of tools which to make money. The following contributed post is entitled, Realistic Ways To Make Money Online Right Now.

* * *

Pexels – CCO Licence

The internet has revolutionized the way we live, including how we work and generate revenue. From remote working to side hustles, there are a variety of ways that you can make money online. However, it’s important to know which opportunities are the most lucrative and which offer the fastest returns. To get started, take a look at these four realistic ways to make money online now:

Become an Affiliate Marketer

Using your online presence to promote products, services or brands can be an easy way to make money online. Depending on your reach, businesses will be keen to work with you so that they can fast-track their access to their target audience. In return, you’ll receive a flat fee for advertising and/or a commission for sales that take place via the links you post.

Of course, you do need to have a significant online audience to make affiliate marketing work for you. If you have a blog, vlog, or your own site, this can be a lucrative and speedy way to generate revenue online.

Build a Community

Launching your own online community gives you access to a variety of monetization options. With a dedicated platform from Disciple Media, for example, you can implement membership subscriptions, release exclusive paid-for content, attract sponsorship, and much more. In addition to this, creating a thriving online community enables you to build a network around something you’re particularly interested in. Whether it’s fitness, music, business, or anything else, sharing your interests and expertise ensures that the process is enjoyable as well as profitable.

Start an eCommerce Store

Selling goods online can be a viable side hustle or even a startup business. With access to existing online marketplaces, you can maximize your reach instantly and sell globally. What’s more – drop shipping means that you won’t even need to warehouse goods or implement inventory management processes. Instead, you’ll act as a ‘middleman’ and forward orders to existing fulfillment centers as soon as your customers make a purchase.

Create an Online Course

The online learning revolution is already upon us, and you can start generating revenue from it by creating your own online courses. Using your professional skills or hobbies and interests as the basis for your courses, you can attract students and learners from all over the world. Many course providers have templates available, so creating content can be easier than you think. Furthermore, the option to release eBooks and subsequent top-up courses means you can create a long-term revenue stream.

Can You Make Money Online?

Absolutely, providing you use the right tools and techniques. The internet is a fantastic place to earn money and there are numerous ways you can generate revenue online if you are truly serious about doing so.

However, the marketplace is competitive, so you’ll need to be proactive about finding the right methodologies and monetization techniques if you want to be successful. With a little research and the right platforms, you’ll kick-start your online career and maximize your success from the outset.

Niche Business Ideas To Take To The Bank Right Now

Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. You may be trying to determine what the most clever business ideas out there are. There are several which others haven’t thought of and are still profitable. The following contributed post is entitled, Niche Business Ideas To Take To The Bank Right Now.

* * *

Pexels – CCO Licence

If you are thinking of starting your own business so that you can be your own boss, and hopefully find financial freedom, one thing you may be struggling with is choosing the right niche to operate in. Business ideas and niches are, after all, endless, so it can be difficult to know which one to choose if you want to maximize your potential and create a winning business.

With that in mind, here are some niches that are doing really well right now, and which are likely to continue to do so in the future. If you don’t want to start a business directly within these niches, they should at least give you a starting point when it comes to thinking about what consumers are interested in right now…

Wellness

The wellness industry is a big deal right now. In fact, it has been estimated to be worth around $1.5 trillion globally, which means it obviously has huge potential. Not only that but there are many smaller niches that come under the wellness banner, so whether you want to invest in a gummy maker machine to create your own CBD supplements, start selling healing crystals or set up your own yoga and meditation studio, there are endless options available to you!

Skincare

Some would argue that this could also go under the wellness niche, but skincare has seen a huge explosion in recent years, so I think it’s worth separating it into its own thing. How can you turn it into a business? The easiest way would be to use private label services to create your own skincare brand (organic and natural are particularly in right now) but you could also set up an eCommerce store selling various other brands’ products, or maybe you have a neat idea of your own?

Plastic-free

As the effects of climate change become ever more evident, more and more consumers are changing their shopping habits to help the environment. One of the biggest trends to that aim is the plastic-free movement whereby customers are looking to buy products that contain no plastic components, and which are also free from plastic packaging. This is a particularly good business niche to get into because it is really easy to take all manner of products and remove the plastic from them to target a more specific niche, which one you choose will depend on your personal preferences, the market you are looking to break into, and which products have not already saturated the plastic-free market.

Rentals

From high-end designer clothing to lawnmowers and DIY equipment, if people need to use it on an ad hoc basis, you can probably set up a business renting it out for a fee. It’s ethical, sustainable, affordable, and the future of doing business for many people, so why not get in on it now while there aren’t a whole lot of competitors doing it?

Hopefully, these niche businesses have given you a better idea of what is possible, and saleable in 2021 – I wish you luck with your new business venture.

5 Ways You Can Improve The Way You Manage Commercial Real Estate

Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. If you have the proper systems in place, commercial real estate can be very lucrative for you. You always want to consider better ways to manage your properties. The following contributed post is entitled, 5 Ways You Can Improve The Way You Manage Commercial Real Estate.

* * *

Commercial real estate provides a wide range of investment opportunities. It can be a great area to branch into, but it does come with a lot of challenges too. Even if you have a background in residential real estate, commercial ventures can become an entirely different ballgame.

Finding more effective ways of running your real estate venture can help you stand a better chance of success. Take a look at these five ways you can improve the way you manage commercial real estate.

Image Credit: Unsplash under Creative Commons

1. Stay up to date on the latest trends
If the past year is anything to go by, it’s important to do your homework when it comes to real estate. Keeping on top of what’s going on in the industry can help you be better prepared for future commercial real estate challenges, while also learning lessons from others to help you adopt best practice.

2. Be more diligent with checks
Carrying out credit and background checks is an important part of commercial real estate leasing. Just as you would with residential tenants, you need to make sure these checks are carried out to give yourself as much protection as possible. After the events of the past year, it’s even more important to ensure that tenants have security and income guarantees.

3. Use lease accounting solutions
There are a lot of processes that need to be carried out to manage your commercial real estate venture. Using lease accounting software can help you make lighter work of your accounting, ensuring your records are kept up to date. With many areas of compliance to meet, this can be a much easier way of maintaining multiple accounts.

4. Reserve capital to cover vacancies
The world of real estate can be unpredictable. For commercial real estate businesses, nobody could have predicted that properties would become vacant on a large scale, with many businesses getting rid of their spaces altogether. It’s a difficult time, and many real estate managers have suffered by not having enough capital in reserve in case of vacancies. To protect your business going forward, you need to have a contingency.

5. Take on a more active role
Effective relationships are key for lasting real estate partnerships. Taking on a more active role when it comes to clients can help you be more visible, while also ensuring you know what’s going on. While nobody is expecting you to manually fix the plumbing or take care of maintenance, it can bring you a lot of benefits to put in more face-time with your clients and maintain better communication.

While the industry is currently facing a lot of challenges following the pandemic, there is still a bright and optimistic future for commercial real estate. Focusing on how you manage your business and how you can take it forward can help you secure its future, ensuring it remains a profitable investment for you.