Tag: landlords

15

Oct2014
People tend not to take renewals all that seriously. They see it as simple, thinking they can just call the landlord and get their new rate. That way of thinking can cost your firm a lot of money. If you’re looking into renewing your lease, make sure not to overlook ... Read More
October 15, 2014Lynn Drake

24

Sep2014

The Last Minute Gotcha!

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Your business is doing well, and you are happy with your current landlord. You may or may not notice that your lease is expiring in less than a year. You might think, since there’s been no word, that your landlord forgot. I guarantee you, this is not the case. Maybe ... Read More
September 24, 2014Lynn Drake

06

Aug2014
I hate cold calling, and yet, it’s how I make most of my money. Experts will tell you cold calling is a waste of time, but I strongly disagree. Interestingly, when we call someone to offer our services, the biggest pushback we get is, “I’ll do it myself.” Are YOU ... Read More
August 6, 2014Lynn Drake

16

Jul2014
Are renewal options important? 95% of the ones I’ve seen set the renewal option at market rate, and the other 5% are set at a rate I would deem as “important.” How do you know? Well, you start by taking a look at a CoStar report to see what the ... Read More
July 16, 2014Lynn Drake

18

Jun2014
People are often shocked that I left corporate real estate after 25 years of climbing the corporate ladder. Certainly, the timing, just 10 days before 9/11, wasn’t great, but over the years, I’ve never once regretted my decision. It’s very interesting to hear people tell me that it’s much safer ... Read More
June 18, 2014Lynn Drake

23

Apr2014
In this industry, one can’t help but develop favorite landlords. The ones who treat your prospect like gold. The ones who go out of their way to be accommodating. This year, I had the pleasure of working with a firm called Shaw Construction in Livonia. They were so accommodating to ... Read More
April 23, 2014Lynn Drake

02

Apr2014

Why Compass Moved

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When we leased our last office, we were so excited to move out of my house and into an office space. We thought that we would be there for many years. However, two short years later, we ran into a couple of bumps in the road. For starters, our building ... Read More
April 2, 2014Lynn Drake

06

Jun2013
I live just outside of Rochester Hills, MI. Our downtown is a quaint one, recalling dreams of Americana with shops and restaurants galore. About a year ago, it was decided that the main street – the heartbeat of downtown Rochester Hills – should be replaced. Getting downtown became a nightmare. ... Read More
June 6, 2013Lynn Drake

11

Mar2013
Let me tell you a story. We were working with a nonprofit on a lease renewal in Ann Arbor. The original landlord of the building was excellent – the trouble only began when he passed away and his son took over. The lease had what we in the business call ... Read More
March 11, 2013Lynn Drake