|
Our Two Rules:
1) Find strong tenants.
2) Win the best terms and take home the most money
You've worked hard to acquire, finance,
and maintain your investment properties. You need to
spend your time looking for more property, not looking
for tenants. You also need someone looking out for your
interests as a property owner and making sure that you
win every advantageous term possible.
First: looking
for tenants. Of course we put up a sign and list
property in print ads and on all the internet brokerage
sites, but unlike many brokers, we don't stop here.
We call, email, and hound other brokers who also specialize
in your market niche.
Then we go to the source. We call,
write, and email property and business owners who share
a similar business to your space's requirements and
may be candidates for expanding to a new location. For
example, if you have a medium sized, upscale restaurant
space for lease in Chapel Hill, we will make lists of
similar business owners in Raleigh and directly contact
them. Many people who expand small and medium-sized
businesses are not actively searching for property.
This translates to longer hours for us, and more closed
leases for you.
Second: taking home
the best lease terms, and the most profit.
When it comes to negotiating terms, you want us on your
side of the table. Here are some ways we've helped our
landlord clients earn more from their property:
| - |
Move
to a net or triple lease (illustrate with financial
analysis) |
| - |
Renovate
to shell condition; provide favorable TI allowance |
| - |
Rental
increases as a function of CPI or static % increase? |
| - |
Adjust
definition of "Common area" |
| - |
Current
property versus potential new property- should you
do a 1031? |
|