What tips do you have for keeping operating expenses low

[Brock Hoffman]

Hi BP,

What are some ways you keep expenses low in an office/retail building? I have heard updating the lighting to led is a huge savings on electric bill. It’s a 1930’s building w retail on bottom floor(they pay utilities and repairs) and office space on upper two floors(owner pays utilities and repairs.)

Bonus question: what do you do to increase your income? Built in annual rent increases? Vending machines? Shared office space(rent by the hour with a monthly fee?)

Looking forward to gaining knowledge from y’all’s experience and putting it to work.

Thank you,

Brock