Today's online seminar again is the tenant rep prospecting, presentations and negotiations. So what we're going to be doing today is entering into the lease analysis platform of the REIWise Power Broker. Now if you are new to Power Broker this is a single solution that's all web based. You can subscribe to this for $399 per year and create unlimited analysis in marketing. If you are CCIM designee you do have the entire power broker transaction platform for free and you can register for that on a link that I will send in the email afterwards but let's go ahead and jump in and get right into the lease prospecting, presentations, and negotiations. So what I'm going to do is I am going to come to my client login page, which you can see on the …show more content…
nt that just sat down at my desk I'm sitting down to do some prospecting and I'm making a bunch of calls to tenants that are possibly looking to move possibly looking to renegotiate their existing lease and what I'm going to do is I'm just going to create a general title here so for CLA a name let's call this Irvine office and this is going to be tenant rep because what I'm going to be doing is looking for 10 instead of looking for new spaces to occupy and my property type i'm going to switch over to office just because today that's what we're going to go through but if it was retail or industrial that you focus on you do the same exact thing a couple different fields will change but let's just put in a general number of 5,000 square feet and let's put in a general number of 60 months we're going to change this as we move forward and let's put in a general discount rate of eight percent you can always change any of these values but I'm just putting this in as a basic 60 month lease a percent discount rate starting in February of 2013 i click ok and what I've done now is opened up the actual analysis for this analysis I'm sorry the interface for this analysis and you can always see up in the top right-hand corner which analysis you're in i'm in the irvine office which is an office property now the way that this is built out is you have up to five differently scenarios these don't need to be existing leases they could be any scenarios
Real estate occupancy costs represented about 4% of Staton’s cost structure. With a central location in the southwest United States and excellent thoroughfare systems, Dallas had become a major distribution hub for the flow of goods to the customer. The city’s demographics and legal/regulatory frameworks made it an attractive market for corporations needing industrial space.
You can approach property manager with the same mind set, identifying consumers needs and filling the gaps, to improve revenue potential and build a reputation as the "go-to" company in the real
* r. Based on here above comments, if it is not possible to assess more clearly the probability (by securing the lease or through a market
Watson& Musio Developments is the leading developer and property owner in NCR who implements aggressive leasing policy. However, because of the depressed real estate market, Watson& Musio Developments has to offer extremely attractive
In 2008, the American population saw a large wave of home foreclosures during the Great Recession that created an economic crisis that displaced millions of homeowners. Unable to recuperate from the terrible financial situation, these persons found comfort within the rental property industry. These previous owners, unable to purchase new homes, began renting property and living as tenants, contributing to the 4% growth record of the rental industry as published in a study that was conducted by Harvard University. With the growth of this industry, rental property owners began to devote more of their time to the development and marketing of their rental properties. These owners began providing lower rates for their properties, and they began making improvements that allowed them to increase the net profit that they received. With the continual “boom” of the industry and the popularity that it is receiving due to young adults needing places the live, rental property owners need an effective program that allows them to oversee their properties and communicate with their tenants.
An agent for a residential real estate company in a large city would like to be able to predict the monthly rental cost of apartments
Mr. Alexander is new to the property management arena and has no experience with multi-family dwellings. Due to our clients limited capital he cannot afford to hire a property manager. Because Mr. Alexander will also be working his normal full-time job, and doing the property management as a ‘side-job’ the ability to manage multiple subcontractors will be highly inefficient and could lead to disgruntled tenants and higher vacancy rates.
some initial work estimating the likely relationship between what tenants would be willing to pay
In October of 2005 REI took a progressive step to enhance their already impressive employee benefit package. Treating their employees generously has proven to be a successful business model for REI. The idea was to ensure that the quality of their customer service is at its highest level. REI maintains that keeping employees satisfied will pay off in the long run, “The underlying assumption of total quality management is that if you do things right the first time you will reduce rework, scrap, wasted time, and cost, and thereby increase productivity.” (Neal, Tromley, Lopez, Russell, p. 42). The climate of a REI outlet and the customer service of their staff has always been very high. In an effort to continue to lead the industry in employee
Every country since the beginning of time has competed with one another to be the most dominant country with the most power. International power differs a little bit from domestic power. Power in regards to global affairs are tangible and intangible resources that have underlying power relationships. Tangible things would be a powerful army. Some of the intangible things would be allies. There are three types of different relational power aspects. They are commanding change, controlling agendas, and establishing preferences. Commanding change is when you can convince others to change their preferences to better accommodate yours. Controlling agendas is when you make another person's agenda irrelevant and replacing it with your own. Establishing
Sales data were drawn from a new Oceanside condominium complex consisting of two adjacent and connected eight floor buildings. The 200 units in the complex are approximately 500 square feet each.
With a new, untested business model and a recently organized REIT with a limited operating history, American Homes 4 Rent (AMH) is at a disadvantage when evaluating the potential implementation of its chosen investment strategy and operating policies. The company has limited resources to compare against, as no similar REIT companies currently exist with an established long-term track record — thus, evaluating the performance may be difficult and risky. Unanticipated problems such as, economic and target market conditions, interest rate levels and volatility, judicial and regulatory developments, and acquisitions may negatively affect “operational results and the ability to make shareholder distributions; consequently, share prices will decline
I have some grievances in regard to the leasing agreement. Firstly, it seems predatory to force applicants to sign a lease as part of the application process. By doing so coerce applicants into a legally binding contract. Therefore, leaving applicants without the chance to shop around. Since in order to know if one is approved for an apartment one must first apply. Secondly it seems unfair to make some applicants pay a higher upfront cost to move-in. Since the amount is based on the guarantor credit score, this policy seems to discriminate against minorities considering that minorities tend to have lower credit scores than their white counterparts. And lastly since applicants are required to sign a lease upfront it makes it impossible to back
As explained herein below, Parks Staff recommends negotiation of a new lease with American Tower in lieu of issuance of a Request for Proposals to seek out new tenants.
When examining OHI in relation to CCP, we see that OHI is a much larger company than CCP when measured by market cap. Due to its larger size, OHI owns a greater number of properties and has relationships with more operators (tenants) than CCP does. Since CCP does not have as many operator relationships, it could have less access to new deals as acquisitions are often sourced from established relationships. This could make growing CCP’s property portfolio more difficult. OHI also tends to have relationships with larger operators than those of CCP. Due to economies of scale, these larger operators may be less harmed from downward reimbursement rate pressure than the smaller SNF operators. This could cause CCP to potentially face more problems with operators’ inability to fulfill their rental contracts, as compared to OHI, when the operators face pressures from lower reimbursement rates.