This is what that scenario of to small of office space typically looks like: You may stay and pay the “holdover “charge, which is typically between 125% to 200% of your current rent. Or you go to a month-to-month lease offering you no protection if your landlord asks you to leave, and even allow ... Read More
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“Exclusively Representing Tenants and Buyers of Commercial Real Estate”
25
Jul2016
What will happen if you hired a professional tenant representative to help you with your commercial real estate needs?Choosing to do so mitigates your risk: You can continue doing what you do best, your business, or you can relax as we handle all of the details, freeing you from the hassle of ... Read More
July 25, 2016Lynn Drake
18
Jul2016
Before we work with any client looking to buy a building, we ask them to go to the bank and determine how much of a loan the bank will give them. Some of our clients end up talking with a teller or bank manager who doesn’t really know how to do this. ... Read More
July 18, 2016Lynn Drake
27
Jun2016
Harvey MacKay, author of the seminal business book "Swim with The Sharks Without BeingEaten Alive" (prequel to the reality show Shark Tank) suggested that entrepreneurs focus their energies on drumming up business and managing staff.He recommends leaving the jobs you know little about to professionals who know a lot in ... Read More
June 27, 2016Lynn Drake
27
Jun2016
What is the difference between a Leasing Agent and Tenant Representative?* You will usually find the leasing agents name on the for lease sign out in front of a building. The tenant representative agent will be a bit harder to find because they won't have for lease signs as they ... Read More
June 27, 2016Lynn Drake
27
Jun2016
So you plan on moving your office or warehouse in the next six months or so? Now’s the time to plan for the big day and for months of smooth operations thereafter. Here’s a fundamental game plan to ensure all goes well: Appoint a coach, whose primary task in the pre- and ... Read More
June 27, 2016Lynn Drake
18
Apr2016
Many prospective tenants approach me with wish lists a mile long, itemizing everything they want in their business suite. When I get down to their budget with them, I often learn they only want a one-year lease. You can’t expect the moon and the stars if you want a short-term ... Read More
April 18, 2016Lynn Drake
04
Apr2016
Not too long ago, a business coach called me about one of his clients who had a slightly unusual need for office space. His client had already hired an agent and was running into all kinds of challenges. Her coach told her to get rid of the agent and hire ... Read More
April 4, 2016Lynn Drake
21
Mar2016
Just before and during the 2007-2009 recession, month-to-month leases were very common. During that period, so many businesses experienced financial hardships that the tenants didn't want to sign long term leases. At the same time, tenants whose leases were expiring often asked the landlord to let them rent on a ... Read More
March 21, 2016Lynn Drake