When you think about renting property, how much space do you REALLY need? Will the need to gain space? What if it looses space? How can I forecast in this turbulent world? Who tells the truth? All too often clients come up with a round number that feels right in the ...
April 25, 2012Lynn Drake
Just because your lease contract says seven years doesn’t mean you can’t negotiate sooner. In fact, it may be in your best interests to do so. If you have two years left on your lease, think about a “blend and extend” option. What this means is starting with a fresh lease ...
April 10, 2012Lynn Drake
When I made the decision to leave Equis back in December 2009, it took me almost a year to do the due diligence that came along with deciding how my new entity would look. I spent most of the year talking with franchisors about the cost of ...
April 2, 2012Lynn Drake
The hours you spend pacing the floor, waiting for a family member’s first child to be born; the minutes you spend waiting for your computer to boot up; and the seconds you wait for a text message; each of these intervals remind you of that inescapable truth - timing is ...
March 20, 2012Lynn Drake
New business people, infused with optimism, take delight in buying or leasing a business. They spend big dollars for awnings, neon signs and landscaping, not to mention signing a multiple-year lease. Some people invest their entire pension in a new enterprise with hope it will work. I may sound like your ...
February 29, 2012Lynn Drake
Harvey MacKay, author of the seminal business book, “Swim with the Sharks without Being Eaten 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 ...
February 13, 2012Lynn Drake
When people find out I’m a commercial real estate agent they often sidle up close and whisper in my ear, “Let me tell you, I got such a deal,” and expect me to nod approvingly. Dare I frown? A deal isn’t always a deal. A gentleman who coordinated real estate ...
February 1, 2012Lynn Drake
Most people have set down their goals for 2012. It is my tradition to do this every year for myself and my business. This year Compass Commercial has a big hairy audacious goal in revenue. In addition to more revenue and less fat on my person my goal this year ...
January 9, 2012Lynn Drake
As any commercial real estate realtor or broker can tell you, leasing a commercial space is complicated. The leases are long and full of tiny clauses meant to give the landlord as much of your hard-earned dollar as possible. If you don’t speak lease, you’re likely to hit a series ...
December 29, 2011Lynn Drake
This tax season you want to evaluate the pass through’s or increases over a base year that your landlord charges you. More than likely you received a bill which shows the actual cost billed less any payments made for these costs. Pull out your lease to review the description on allowable ...
November 30, 2011Lynn Drake