Monthly Archives: June 2024

Client Highlight

Duck Donuts Opens New Location at Lake Boone Shopping Center

Duck Donuts has officially opened its doors at Lake Boone Shopping Center in Raleigh.

Duck Donuts sets itself apart with its made-to-order approach, where each donut is freshly prepared and customized to the customer’s preferences. Unlike traditional bakeries, customers can watch as their vanilla cake donuts are coated, topped, and drizzled with a variety of flavors and toppings, ensuring a warm, delicious, and personalized treat every time.

The tasty new location can be found at 2414 Wycliff Road, #101.

York is proud to provide Leasing and Management services at Lake Boone Shopping Center.

Client Highlight

FP Movement Opens Boutique in Village District

Activewear lovers, assemble! The athleisure brand FP Movement is bringing their stylish, body-positive vibes to Raleigh with a brand new store opening this Friday, June 21st!

Nestled in the Village District, the new FP Movement boutique is a temple for yogis, runners, dancers, or anyone who loves an active lifestyle.

The boutique is located at 501 E. Daniels Street.

York-broker Lynne Worth represented the Landlord in the transaction and is excited to welcome FP Movement to the Village District.

Client Highlight

Battle House Laser Tag Opens its Doors in Wake Forest

Congratulations to our friends at Battle House on the opening of their Wake Forest location, a 15,600 SF space located inside The Factory at 1839 S. Main Street.

Battle House is a fully immersive laser tag experience. They’re proud to offer “free play” and team laser tag fun for all ages. Battle House also accommodates birthday parties, work events, and group sessions. To schedule your next visit, check out their website or Instagram page.

Our broker, James Troxler, represented the Landlord in this transaction.

Modern commercial building well-maintained
Industry Experience

Commercial Property Management Series: It’s not just for large institutional investors!

Benefits of Property Management for Landlords with a Single Property

Even if you have only one commercial property, hiring a property management company can offer numerous benefits:

  • Finding and Screening Tenants: Property managers have the resources and expertise to effectively screen potential tenants. They can save you time and mitigate the risk of choosing unreliable tenants by conducting thorough background and credit checks.
  • Retaining Tenants: Maintaining tenant satisfaction is crucial for maximizing your investment. Property managers can handle tenant concerns, ensure timely repairs, and foster positive landlord-tenant relationships, increasing the likelihood of lease renewals.
  • Rent Collection and Legal Compliance: Property managers can streamline rent collection, ensuring timely payments and handling late payments effectively. They are also well-versed in local landlord-tenant laws, minimizing the risk of legal issues.
  • Property Maintenance and Repairs: Property managers have established networks of reliable contractors and can oversee maintenance requests efficiently.  (A few companies, like York, have their own internal Maintenance division, providing 24/7 access to maintenance services.) A good property management company’s proactive approach to maintenance and upkeep can save you money in the long run.
  • Financial Management and Budgeting: Property managers can simplify financial tasks by collecting rent, paying expenses, and providing regular financial reports. Their expertise in budgeting can help maximize your return on investment.
  • Time Savings and Peace of Mind: Perhaps the most significant advantage for landlords with a single property is the time and stress saved. By delegating day-to-day management tasks to professionals, you can enjoy passive income and peace of mind.

While property management fees are involved, the potential for increased rental income, reduced vacancies, and efficient expense management can easily outweigh the costs. Especially for landlords who lack the time, expertise, or inclination for hands-on management, hiring a property manager can be a wise investment, allowing you to enjoy the benefits of property ownership without the associated hassles.