Young founders love to brag about working 18 hours a day. That’s stupid. You need sleep, good food, and exercise if you want to make good decisions.
If you show up looking half-dead, I’m not investing. You’re not a hero, you’re a liability.
In Episode 3 of "I Own A Shopping Center. Now What?" I tackle the complexities of lease options.
From my perspective, options are typically favorable for tenants, not landlords. It’s incredibly frustrating to find properties where tenants have been granted multiple five-year options at fixed rates, significantly undervaluing the property, especially in markets like South Florida where rental rates have soared post-COVID.
I also share strategic tips on handling tenants who delay lease renewals, such as marketing the space to push tenants into making decisions.
My key message: lease options should be carefully managed to ensure they don't limit the landlord's ability to adjust rents in line with market conditions. By doing so, we can protect our investments and maintain property value.
Tune in for more insights and practical advice on managing your shopping center investments.
Stream the full podcast here: https://t.co/vs39aEBuoY
What’s the best way to lease vacancies in your shopping centers?
In episode 35 of "I Own A Shopping Center. Now What?", I shared some of my most valuable lessons about filling vacancies and building strong partnerships in the real estate world.
Whether you're new to investing or managing multiple properties, there’s something in here for you.
Here are the key takeaways:
⭐️ Spend time in the market yourself - it’s invaluable. ⭐️ Avoid the challenges of leasing in mixed demographics.
⭐️ Hire the right leasing agents or brokers strategically. ⭐️ Respect brokers - they’re key to your success.
It’s all about putting in the effort and doing the groundwork to ensure your investments succeed.
Listen to the full episode here to learn more: https://t.co/7iT79lYLuO
Want to close more deals and make fewer mistakes?
Then stop winging it and start reading your leases. 📑
Read more about this topic on my blog: https://t.co/Y4epHQxlRd
What I look for when buying a strip center:
*NO elbows.
*Near hospital or University.
(Daytime pop)
*High income. ($100,000)
*Low supply in area. (I don’t want a lot of land that could be developed nor do I want 40 other centers within 1 mile)
*Great signage or ability to renovate to get great signage.
*parallel to high traffic’d street (4 of my 6 have 65,000 cars driving by daily)
*as much parking as possible (restaurants are new anchors and until we convince the cities the parking formulas are outdated - we need a lot of parking - I like parking in rear for employees so they don’t take up customer spaces)
“We’ve changed these people’s lives.”
I am thrilled to be a part of the tremendous turnaround at Tower City Cleveland. What makes me even more proud is that of the businesses we've brought on board, most are Black-owned, and of those, most are owned by...
https://t.co/3AfChsfx1f
“We’ve changed these people’s lives.”
I am thrilled to be a part of the tremendous turnaround at Tower City Cleveland. What makes me even more proud is that of the businesses we've brought on board, most are Black-owned, and of those, most are owned by...
https://t.co/3AfChsfx1f
Want to get rich quick in real estate?
Sorry, that's not how it works.
Real estate is a "build wealth over time" game. If anyone is selling you a get rich quick course, run away as fast as you can.
Did you know I have a #podcast? I do! My podcast features tips for retail leasing agents to kick ass every day and fill vacancies at the highest rents! Catch all the episodes on Anchor FM. Click the link here: https://t.co/eX5OO9rw9I
#commercialrealestate#leasingagent#cre
Yup, there's ALOT of beta out there and decision makers are making the "smallest decision" possible. But remember, this is a season and it will pass. | Decline in Commercial Real Estate Transactions May Just Be Getting Started https://t.co/wjWPuI7a54 @CoStarNews