Not all of it is rented to the cannabis trade — one of her tenants is Walmart — but she found that cannabis growers can be desirable tenants willing to pay top-dollar rents.
Volunteering, as used by the National Trust, for example, gets a good press, and schemes like Homeshare, where someone can be half-tenant, half-semi-carer, are cited, as are some foreign solutions.
Ms. McGuire said that under state law, before an action for nonpayment of rent can be filed, a tenant must be served with a notice giving the tenant no fewer than three days to pay all rent due.
Distancing yourself from the tenant can be difficult, particularly with needier tenants.
Such deals can be economical for tenants.
It can be expensive for tenants to modify existing spaces.
There is a $45 fee for filing, but it can be waived for tenants with low incomes.
The building will have high-speed Internet connections, and a multimedia center for teleconferences can be rented by tenants.
And unlike many types of bonds, property is seen as a useful hedge against inflation because rental agreements can be renegotiated with tenants to reflect rising prices.
He said he liked the ample outdoor space offered by Ten23, which has three large public terraces or patios, including one on which movies will be shown, and four smaller patios that can be rented by tenants.
Offering WiFi, even at extra cost can be a great tenant retention and marketing tool.
