OUR APPROACH
Protecting and maximizing real estate values requires energy and experience. Investment grade properties are too valuable to be put on “auto-pilot” – that’s when mistakes happen. We treat your property the same way we do our own and we are always working to improve operations, attract tenants, and help your portfolio grow.
Some of the questions we ask:
Leasing Values What is the value of your space? What new developments are there in the local leasing market? Are you relying solely on a local managing or leasing agent to set the asking rent for your vacancies? Has your agent accounted for different store configurations, signage, visibility, and proximity to the road?
Leasing Strategies What effect are your new leases having on the value of your asset? Do your long-term leases protect you from the possibilities of inflation? Have you staggered your lease expirations? Do you have credit tenants, and if not, are you getting personal guarantees? Do you contact former landlords to be certain you’re not ending up with problem tenants?
Marketing Is your vacant space clean and presentable? Does your agent canvass for tenants or simply answer the phone? How effective is your signage? Is your space being advertised? Does your agent prioritize leasing your space or are there other landlords getting more attention?
Expenses Do you or your managing agent regularly review expenses to bring them down? Have you considered filing a tax appeal contesting the assessment upon which your real estate taxes are based? Are your managing agents getting you good values when hiring contractors, roofers, pavers and engineers? Are all of the appropriate tenant costs being passed through and is any shortfall being reconciled?
Managing your Agents Are your agents considering the overall needs of the property? Are they responsive to your calls and do they update you frequently? How often do they visit the property? Do they provide you with monthly reporting that documents each expenditure and includes bank statements?