Careers With a Property Management Degree

Gone are the days when you could learn the tricks of your trade through sweat, toil, and practical experience alone. Today your prospective clients and associates are savvy, knowledgeable, and often quick to find fault, thanks to the vast amount of information littered across the Internet. This can mean they have greater expectations than ever before. It’s true for pretty much every field and industry, but applies especially well to real estate or property management. Sure, time will eventually teach you all you need to know, but do you really want to wait for a few decades before you get the knowledge you need to start bringing in the big bucks? Of course not!

Education can factor into this in a big way; you can learn from the experience and research of others, apply it to your profession, and earn a stamped, sealed document testifying to your expertise in the subject. While there are a few certifications that you can get, you may have realized on your own that these are usually a dime-a-dozen. A good investment could be a property management degree from an accredited, reputable college.

A property management degree can give you the instruction, training, and credentials you need to pursue work in various capacities, such as a personal property professional, bookkeeper, clerical assistant, etc. You can choose to pursue either a Bachelor’s or an Associate’s in Property Management, depending on the amount of time and money you can invest into the degree.

You can enter this profession by earning a business administration degree with an emphasis on property management. This degree will give you a larger span of capabilities, ranging from accounting, marketing, finance, human resources, sales, and organizational development in addition to the property management courses. This integrated program can give you the credentials, experience, and capability to qualify for employment in various sectors in the corporate world. Furthermore, you can develop a greater depth of knowledge in the field of property management.

The business degree with an emphasis on property management is offered both at the bachelor’s and associate’s level. No matter which degree you pursue, make sure that it is from an accredited and reputable college, or your time, effort, and money will be squandered for no good reason.

In order to make sure you’re one step ahead of your clients and are aware of everything to do with your trade, ranging from the market condition to the various legalities and rules, consider investing in a degree in property management. Not only can it help you perform in your professional role better, but the stamp of a college degree can give your prospective clients, employers, and associates a greater sense of confidence in your abilities.

How to Use the Internet to Market Your Real Estate and Save Thousands of Dollars in Commissions

The vast majority of buyers are searching the Internet to find the real estate they are looking for. The figure keeps changing but somewhere between 85 to 90% of all buyers use the Internet as their main tool for property search.

In these economically challenging times most professional real estate offices (including the large national franchises) have cut way back on their budgets for print advertising in the newspapers. In real estate offices this is known as a BLACKOUT on advertising and it is happening all over the country.

The other reason why real estate agents and offices heavily utilize the Internet is because it costs next to nothing and it works! Plan and simple it works.

The Internet has changed the way real estate is marketed forever and agents have accepted it. Print advertising is extremely expensive and the Internet has now made print advertising passé.
This is not a bad thing. Agents place their efforts and energy on what works and now so can you!
Right now is the perfect time for the average home seller to learn this truth and use the Internet to sell their property without the expense of a listing real estate agent.

One of the best-kept secrets around is that for peanuts and very little effort, sellers can put their property on the Internet without an agent or a real estate broker.

If you have a digital camera and have ever used or seen eBay then you can figure out how to post your property on the Internet. It’s that easy. Fill in the blanks, download some pictures and your property is out there for the world to see.

Oh sure, you are comfortable with the Internet. Maybe you have sold a car on it or have bought and sold other items on eBay or Craigslist. Or perhaps you are quite leading edge using all the latest technology. But this is real estate and it all seems a bit complicated. What about all the other steps that are involved in the real estate transaction?

Relax! This is not rocket science and most professionals in the real estate business are not scientists.

Use of the following 12 steps and it will make your transaction very manageable.

THE12 PRINCIPLES FOR SUCCESSFUL INTERNET REAL ESTATE SELLING is not only a guide for using the Internet to sell real estate online but also a formula for protecting and securing the seller throughout the entire transaction.

1. Be brave and set the price. The seller always has
2. You must perform all inspections before you market the property
3. Honestly represent the exact nature and condition of the property
4. Hire an Attorney. Do it early on in the sales process
5. Get proof of insurance from everyone
6. Anything you say can and will be used against you. So zip it!
7. You need to cooperate with and pay buyers brokers and agents
8. You can sell directly to buyers without an agent. If they don’t have one
9. Online advertising is cheap
10. Showings are easy
11. Be effective and follow up
12. All information concerning the property becomes the property of the property

If sellers will follow these principles they can sell their real estate online with the confidence that they can accomplish this important transaction from beginning to end.

How to Be Your Own Property Management Company

It is highly recommended once you have multiple properties that you invest in the services of a good property management company. They will handle the day to day aspects of your property and free up your time to go out and make new investments. However, like in any other business, you should know how every aspect of your business works yourself before you outsource it to someone else. That’s why it’s not a bad idea to manage the first property you purchase on your own. This will teach you basic property management and people skills. You will also know what to look for when you decide to hire a third party property management company to take over.

When managing your first property yourself keep these general guidelines in mind.

1. Never be friends with your tenants. Instead, make sure your relationship is a business-friendly one. The last thing you want to do is take your friend to court for an eviction or get into a fight over raising the rent or providing services.

2. Know that people by nature cause problems. Properties don’t pay late, cause damage or cause high vacancy (unless they are poorly maintained of course). People cause these problems. So make it a point to lease to good tenants and good companies. Do background checks on tenants who apply for your space and ask for references. Having no tenant is normally better than having a bad tenant.

3. Record everything in writing. As manager of any real estate, words spoken are not worth very much and normally won’t hold up in court. So make sure that you write everything down including rent increases, promises to pay, renewals, or improvements or repairs that you or the tenant have agreed to perform.

4. Know your market conditions. Always know what your competitors are doing with their properties. Know what deals they are offering to tenants, what is selling and who is buying. Also you should have a firm understanding of the landlord-tenant laws in your jurisdiction to make sure you are not violating any of them. Consult with a qualified attorney and educate yourself.

5. Have nothing in your personal name. Protect yourself and your personal assets from lawsuits by having your properties and businesses legally detached from you personally. The properties should be in an LLC or in another type of legal entity that you and your attorney and tax advisor find most advantageous. This way if a tenant files a lawsuit, he can only go after what is in the LLC or entity’s name and not after your home or personal belongings and assets. Also make sure not to commingle personal funds with corporate funds in any way because this can open you up to personal liability by the legal theory known as “piercing the corporate veil”.

6. Develop your people skills. When managing commercial real estate you’re responsible for managing people of many different types including your tenants, employees, contractors, vendors and government authorities. Make sure to show patience and calm in your personal dealings and never let anger or your temper make decisions for you.

7. Know your lease agreements inside and out. Make sure you understand all of the rights you have according to the terms of the lease, and more importantly, the rights you are giving to your tenants. I have heard many arguments between landlords and tenants end with the phrase “it’s in the lease”. If you don’t know your leases then you don’t know your business.

8. Have a written business plan for the property. Commercial properties are not really real estate, they are businesses and you should treat them as such. A good and well thought out business plan has a property summary, a market analysis, a sales and marketing plan, a management summary and a financial plan.

9. Know yourself. We all have strengths and weaknesses when it comes to our business skills and personal skills. Be aware of your strengths and try to build on those. Also know your weaknesses and when possible hire them out to people who you know can do a better job of it that you can.

Set a goal for your own personal cash flow.

Managing your property is a job and like any other job you deserve to get paid for it. After setting up a budget that takes into account the income and expenses of the property, set an amount that you will collect as a payment to yourself as the owner and operator of the building. Treat that amount as you would any other expense on the property because the truth is, if you weren’t doing this work then you would be spending that money to pay someone else to do it.

Ravet – PCNTDA Delivers the Ultimate Real Estate Investment Destination

With many tempting locations featuring properties for sale in Pune, what does it take to make a new one stand out? Aundh, Wakad, Baner, Pimple Nilakh, Pimple Saudagar and similar areas have had their heyday.

Now, it is the turn of Ravet, which lies on the North-West side of Pimpri Chinchwad Municipal Corporation and Pune. This location is set to become the new paradigm of investment property in Pune. Various significant real estate market drivers have combined to make Ravet the most promising destinations for Pune residential property.

Superior Location

With its development masterminded by the Pradhikaran-Pimpri Chinchwad New Township Development Authority (PCNTDA), Ravet enjoys the benefit of an extremely strategic location on the Pimpri Chinchwad map. It is, in fact, the first town that appears on leaving the Mumbai-Pune Expressway.

This has resulted in it becoming known as the Gateway to Pune; but that is not all there is to it. Ravet is a junction of the old NH4, the Katraj-Dehu Road bypass and the Mumbai-Pune Expressway and is placed advantageously close to the Hinjewadi IT hub and Pimpri-Chinchwad industrial belt.

The residential property investment potential at Ravet is further enhanced by the fact that J.N.N.U.R.M has begun construction of a 45-metre, grade-separated, non-signaled four-lane BRT (Bus Rapid Transport) road at this point. This road, with 40% of the work already completed, will ensure that key area such as Aundh, Pimpri, Chinchwad, Chakan and Talegaon are in easy access from Ravet.

Developer Activity Picking Up

Two major development companies active in the PCMC area are now collaborating on a highly modern integrated residential township at Ravet’s focal centre. In Pune, township properties are definitely the lifestyle wave of the future. Spread over 2.5 million square feet, this integrated township – which features futuristic facilities aimed at making it entirely self-sufficient – is going to be developed in three phases.

Since the highest demand in Pune is currently for affordable housing, the first phase targets the middle-income group with 2/3BHK flats ranging in size from 800 to 1200 square feet. These flats are currently priced between Rs. 24 to 34 lakh at the initial offering phase. Taking a cue from this pioneering project, other developers have also acquired land in Ravet, although their projects are yet to be announced.

The Trappings Of A Pune Real Estate Legend

While Ravet’s accessibility is certainly one of its biggest real estate market drivers, it also has a number of very important establishments in its immediate vicinity. These establishments will ensure that any township properties in this area will thrive.

Among them are the famous Aditya Birla Hospital, industrial giants such as the Bajaj Auto manufacturing plant, SKF and Telco, as well as important education establishments like the Indira Institute of Business Management, D.Y. Patil College and Mercedes Benz School.

Of course, the fact that Ravet is so close to the Hinjewadi IT hub is a major factor in terms of property investment potential. Ravet, with its upcoming integrated township, will now offer affordable residential property options for software employees from this software hub, as well as to those from the Talegaon MIDC and Chakan MIDC.

As of now, property rates at Ravet are still extremely rational. Rates at such township properties tend to be slightly higher owing to the fact that they provide their own infrastructure. Because of this, the appreciation potential for properties in such townships is also much higher than in other projects.

How to Write a Real Estate or Property Business Proposal

If you work in the field of real estate, knowing how to write a business proposal will help you compete and close more deals. You might be a realtor, a property investor, a developer, work in property management with commercial leasing or property rentals, or work for an agency that deals with housing issues. Or perhaps you want to write a proposal to apply for a government grant for housing. To be successful at any of these jobs, sooner or later you’re going to need to write a proposal.

You’ve no doubt written business letters, and maybe even advertising fliers and brochures-those are all big starts on writing a proposal. So don’t be intimidated by the idea-proposal writing can be easier than you might think. That’s because every proposal has some standard sections and a standard structure. Basically, you will introduce yourself, explain what you’re proposing and why, describe any costs involved, and convince your boss, investor, prospective client or grant committee that you can be trusted to fulfill the promises you make. Using a proposal package will speed up your process because instead of starting with a blank screen on your computer, you begin with pre-designed templates and lots of samples to emulate.

If you want to pitch your ideas, properties, or services to multiple parties, you may be tempted to send out a batch of form letters along with some brochures or fliers. That would be easier, but that approach is not as likely to succeed as creating customized proposals. The goal of a proposal is to persuade the client, boss, investor, or grant committee to endorse your idea and give you the business or the money. That means that you need to gain their trust and demonstrate that you know what you’re talking about and can deliver on your promises.

To get started in any sort of proposal writing, your first step should be to gather information about the party who will judge your proposal. You want to present a proposal tailored to that party’s specific needs, situation, and knowledge level. In other words, try to put yourself in the other party’s shoes and study the situation from that party’s point of view. If your proposal is aimed at your boss or your company executives, you may already understand their concerns and attitudes. But if you are pitching to people at another organization, then you will need to do a bit of work researching who they are, what they do, and what their needs are. If you are responding to an RFP, then of course you need to study the RFP’s written requirements carefully. Yes, all this research can take some effort and time, but putting in that effort will make your proposal much more likely to succeed, and that’s what it’s all about, isn’t it?

So, first collect the basic facts about the party you are pitching to, and from then on, writing the proposal will be a fairly straightforward process. Proposals generally follow a four-part structure:

1) an introduction of yourself and your proposal,
2) a summary of the situation and needs, followed by
3) descriptions of the ideas or the properties or services you are offering, including all the important details and associated costs. Finally, the proposal should conclude with
4) information that will persuade the proposal reader to trust you. This might include your Experience, Credentials, Education, Capabilities, Awards, and so forth.

The introduction is the shortest section, with just a Cover Letter and a Title Page. In the Cover Letter, write a brief personal introduction to explain who you are and provide your contact information, including a website URL if you’d like the reader to go there for more details. The Title Page should be exactly what it sounds like: a page with a title that states what you are pitching. Some examples might be “Proposal to Develop the Windlass Division”, “New Office Buildings Available for the Madelain Corporation”, “Proposed Property Management Services for the Kartiss Buildings”, “Investment Proposal for the Ridge Highlands” or “Funding Proposal for Low Income Housing in Casco County”.

Following the Cover Letter and Title Page comes the client-centered part of the proposal. Here you’ll write topic pages to demonstrate that you understand the position and needs of your proposal reader. If your proposal is complex, you might need to begin this section with a brief summary highlighting the most important points you will describe in detail in the following pages. This summary is generally called a Client Summary in a fairly casual proposal, or an Executive Summary if your proposal is targeted to corporate clients. Include all the topics you need to describe the needs, goals, and desires of your client (i.e., the party who will make the decision about whether or not to accept your proposal). Don’t describe anything about yourself or your offerings yet; in this section, you must show that you understand the other party’s position and needs.

Next comes the all-about-you part, where you describe your ideas, what you are offering, and why you can do the job. You might need to add pages with titles like Location Analysis, Properties, Amenities, Renovation, Facilities, Rentals, Services Provided, Cost Summary, Return on Investment-the topics you select for this section will depend on what you are proposing. Include all the data you need to describe your properties, ideas, and/or services, along with all the associated costs and benefits. Finally, at the end of this all-about-you section, it’s time to convince your proposal readers that you can deliver what you’ve promised. To do this, you add pages like References, Credentials, Experience, Testimonials, Company History or About Us, Our Clients, Awards and Achievements, and so forth. Your goal is to conclude your proposal by persuading your readers that you have credibility and can be trusted.

Now you’ve got all your proposal text written and structured. You’re close to finishing, but you’re still not quite done. Take a little time to make your proposal look good. Consider incorporating your company logo, using colored borders, or introducing special bullet points and fonts. Keep it professional, though-any graphic elements should match your style and the tone of your proposal.

It’s crucial to spell-check and proofread every page. It’s very easy to overlook errors in your own writing, so it always a good idea to use a proofreader who hasn’t read your proposal before.

Congratulations! The proposal is done, and all you need to do is deliver it. Print it out, or save the proposal in a PDF file, or both. The best delivery method will depend on your relationship with the party who will receive your proposal. You may want to attach a PDF to an email message for a long distance client, send a printed proposal via delivery service, or even personally hand off a printed, signed proposal.

To sum up, you can see how the specialized topics in a real-estate-related proposal will vary depending on what you’re offering, your goals, and the needs of your prospective client, boss, investor, or proposal committee. But now you also know that all business proposals follow a similar format and structure. And remember: you don’t need to start from scratch. No matter what your proposal is about, you can find all the elements you’ll need in a proposal package of templates and samples. The templates in a good package will include explanations and examples of the information that specific topic pages should contain; they will guide you in writing and formatting all parts of your proposal.

Gurgaon Real Estate

Gurgaon is not only the sixth largest city in the Indian state of Haryana but also is a sprawling megacity, as well as a growing industrial and financial center in the realm of the country. The city, in the period of last 20 years, has grown to a great extent and by now has become a leading manufacturing, outsourcing and shopping destination on account of its world-class infrastructure at competitive prices and its strategic location.

Gurgaon is also witnessing a great increase in the number of BPOs, KPOs and shopping malls in the domain of the city along with a rapid growth in employment prospects and local wages, leading to a mushrooming of shopping malls, swank restaurants and entertainment facilities. This has not only led to the emergence of a vibrant, cosmopolitan, more affluent and better educated population but also has stimulated the real estate sector of Gurgaon. Well, the same picture is prevalent at various corners of India and Gurgaon has reached great heights already. The rising corporate culture has given rise to the demand of commercial space and as a result both residential and commercial real estate sectors are witnessing tremendous rise in demand and growth.

It has been found that companies, ranging from biggest to small ones, are vying these days to take hold of appropriate space and for this reason the city-based property management groups are finding it difficult to deal with copious (also increasing) clients. Keep in mind presence of top-notch MNC’s and Fortune 50 companies like Pepsi, Genpact, Genesys Telecommunications, Ranbaxy, Coca Cola, HP, Nokia, have intensified the demand of commercial space to a great extent.

It’s the time, therefore, to look at the commercial real estate sector. As per studies, commercial real estate sector of Gurgaon brings forth modern infrastructure and amenities developed by premier real estate developers. These include Unitech, DLF, Vatika and Vipul. What are the existing property rates then? Well, they are growing with the passing of each year and it seems that the rising status of Gurgaon will continue to make a good impact in the real estate sector in the coming years. There is also a striking aspect. While the giants are opting for purchase of fully furnished property to establish their bases in the city, small firms have preference for renting corporate spaces. This new aspect has increased rates of rent in and around the city considerably.

These days the commercial rental properties are available with necessary services security, data wiring, internet connectivity, housekeeping and utilities and electrical provisions. For this reason, one does not need to worry about the initial investment for furnishing the property with basic amenities and utilities.

Lots of middle and high-end projects, under the auspices of real estate developers, are continuing at full strength or intensity in different parts of Gurgaon property. They are Old Gurgaon road, Gurgaon Sohna Road, MG Road and Golf Course Road. On the other hand, not only upcoming companies but also global organizations have a preference for renting a property than buying it, as the returns in leasing or renting are money-spinning.

Property Management-Real Estate Management – A Booming Career Option

Almost similar to the management function in any other business, property management also implies operation of residential, commercial, or industrial property. In literal words, this may stand as managing a property on behalf of its owner in his/her absence or lack of time. This branch of management includes a wide array of functions related to maintenance of buildings including damage repair, paint, and substitution of any fitting. Property management, also referred to as Real estate Management, at times also involves rent collection, outgoings of payments, insurance payments, paying the maintenance staff, and negotiating with the current and prospective tenants.

Right from the residential apartments to villas, and from small shops to commercial malls, people engaged in the property management service cater to all your property related needs. Not only this, they at times also undertake personal property management, thereby taking care of equipment, tools, and all the related corporeal capital assets attained and employed to build, renovate, and sustain end article deliverables.

Real Estate Management or Property Management actually entails the procedures, organisms, and manpower needed to administer the life sequence of acquired properties. These procedures may include two or more of the following features like acquisition, maintenance, control, liability, operation, and disposition.

Roles of a Property Manager
One of the most important roles of a property manager is to act as a buffer between the landlord and the user of the property. He/she acts as a liaison person who makes both the parties agree on mutually beneficial terms. The property mangers accept the rent on the behalf of the landlord from the tenants and address all the maintenance issues on behalf of tenants. This service thus benefits both the parties equally and is hence flourishing with the upcoming boom in the real estate sector.

Property management service is beneficial either for working professionals who do not have time to search for their desired place or for property owners staying outside Canada. Such landlords definitely need to hire some manager to look after their property and to liaise with their tenant constituency.

This service has many different facets to it. It includes managing the financial transactions of the properties, participation in the litigation process as well as initiation of tenant litigation and signing in of the contracts with maintenance companies, security companies, and insurance companies.

Although litigation is an altogether different stream which is entrusted only upon trained attorneys of the area, yet most of the management services undertake the property litigation themselves. For this, they also at times hire real estate attorneys on an hourly basis who do the freelancing for the former. The majority of legal matters that draw the attention of property managers are cases pertaining to

* Evictions
* Public nuisance
* Non-payment of rent
* Non-payment of bills
* Harassment due to damages and
* Diminution of pre-arranged facilities

Therefore, it becomes quite mandatory for the property managers to be updated on all the law practices applicable under municipal, county, and state law.
In the present scenario, various magazines and journals also publish the desired property details. Such journals tend to publish mainly the following

* Contemporary market trends and research
* Market data digests and reports
* Area-wise deep analysis of property trends
* Various judgments and updates in property law and
* Property reviews based on market research

That is to say, these journals adopt a wide subject abate and address key concerns ranging from the economic, physical, and social aspects of Property management to international perspective.

Real Estate Investing – Real Estate Investments Around the World

Real estate is a legal term that refers to any property along with the land on which that property stands on.

The legality of the term real estate heavily relies upon the jurisdiction which it falls under. The most notable jurisdictions are; U.S.A, U.K, Canada and Australia.

Financial muscles must be stretched so that a corporation can invest in real estate since this investment has become such a major area of business.

Real estate has with time undergone a metamorphosis into distinct classifications that has had investors to call in specialists to facilitate deals on their behalf or valuate the investment.

Listed below is a breakdown of the distinct fields of real estate investments:

1. Appraisals- This is where professionals offer their specialty to valuate the investments.
2. Property Management- In this category the owner leaves their property for other specialists to manage it on their behalf and a certain commission is chargeable.
3. Brokerages- In this field a mediator will facilitate a deal between two parties and in return they charge a fee for the deal.
4. Real Estate Investing: This is where a person or company manages a real estate investment.
5. Real Estate Marketing-The sales side of the investment is managed by a professional in this field.
6. Development- This is improving the investment by either adding or replacing buildings on that land.
7. Corporate Real Estate- Here a real estate is managed not for income purposes but to support its core business.
8. Relocation Services-This is relocating people or business to other countries for expansion of the business.

Basically almost all construction business has a connection to real estate

In the recent past economists have seen that lack of real estate laws can in a greater perspective affect or hinder real estate investment in developing countries. In that light a country like India is currently in the process of establishing definitive legislations that will see the smooth functioning of real estate investment.

In addition, Pakistan is in the process of implementing a regulatory framework that will help soften the ownership of real estate investments by foreign corporations. Pakistan is as at of now witnessing foreign real estate development mostly Dubai and Malaysia based companies.

In five years time Pakistan will have drawn three million dollars from foreign investors.

Real estate investment is finally a major case of capital budgeting this by using analysis that incorporates future streams of income that it will generate and the risks associated with it.

Office Tenant’s Guide to Commercial Real Estate Tenant Representation

Unlike brokers that represent landlords and owners, Tenant Representation brokers specialize in representing the best interests of tenants and space users only on the lease and purchase of commercial real estate.

The value a business can gain from hiring a tenant representation broker to handle its corporate office space, just as it would hire a CPA for financial and an attorney for legal matters, is so significant, it’s essential every business owner understands the benefits. With real estate typically being a business’s second largest expense, companies can’t afford to overlook the benefits of professional tenant representation services when thousands of dollars are ultimately at stake.

Successful, savvy business owners either employ an in-house corporate real estate director to manage their property, or outsource their requirements to a professional tenant representation advisor. Those that don’t are missing out – on potentially thousands of dollars in lost revenue and wasted money that could quickly and easily be converted into profit!

There are no savings to be had by not hiring a tenant representation broker.

Every listing agreement compensates the landlord’s broker with an industry standard fee, which the landlord’s broker shares with the tenant’s/buyer’s tenant representation broker if they have one. This incentivizes the landlord’s broker to find a tenant that isn’t benefitting from their own tenant representation broker, because the landlord’s broker will receive the entire fee for negotiating against them! There is no discount to be had by not hiring your own tenant representation broker so you should take advantage of this service because the full commission WILL be paid on every listing whether you are represented or not. Furthermore, tenant brokers’ negotiating expertise and intimate knowledge of commercial real estate can easily save you an average of 30% in occupancy costs in today’s market, several times greater than the full listing fee!

You can quickly and easily save thousands of dollars by hiring an expert commercial real estate negotiator.

An experienced tenant representation broker’s negotiating expertise can typically reduce your occupancy costs by approximately 30%, several times the total commission paid on a commercial lease transaction! The office leasing and buying process is complicated and risky and should only be handled by an experienced professional. Just as you hire a CPA for financial and an attorney for legal matters, hiring an expert tenant representation negotiator to navigate the complicated and risky commercial real estate process is essential to achieve the maximum money and time savings, protection and benefits for your business.

Avoid conflicts of interest unlike a landlord’s broker, your tenant representation broker is 100% committed and accountable to you only.

Just as a landlord’s broker’s obligation is to represent their client’s best interests, not that of a tenant’s, your tenant representation broker’s obligation is to represent your best interests only. Hence, you expose yourself to a huge conflict of interest when you use one or several landlord brokers to “negotiate” for you on their own listings, and you are far less likely to receive the level of service you would from a tenant representation broker who is committed and accountable to you only as their client. Unlike a landlord’s broker, your exclusive tenant representation broker is 100% accountable and committed to you because they have a legal responsibility to represent your best interests, not those of a landlord.

Unlike brokers that represent landlords and owners, tenant representation brokers avoid conflicts of interest by specializing in exclusively representing commercial tenants and space users. The best way to avoid a conflict of interest and ensure your broker is representing your best interests is to execute an agreement acknowledging their legal obligation and duty as your representative. By doing this, you can also expect a higher level of service, commitment and accountability as the broker knows he will ultimately be rewarded for his efforts. Owners and landlords exclusively engage their own brokers to guarantee the best possible terms and you should too!

Save hours of your valuable time and thousands in company dollars by hiring a professional to manage the real estate process for you.

When you’re running a business, time is money, and searching for space and negotiating office lease transactions often takes longer than expected! The commercial office leasing and buying process is extremely time consuming and can place a huge drain on company time, money and resources. Not only do tenant brokers advise you on the best strategy so you don’t head off in the wrong direction, they’ll save you huge amounts of time by preparing property listing reports, scheduling and conducting property tours, submitting proposals, negotiating and reviewing leases and managing tenant improvement and relocation projects. Outsource everything but the decision making to your tenant representation broker and benefit from the peace of mind that they will professionally manage the process and save you a huge amount of personal time and money while you focus on running your business. Your exclusive tenant representation broker will of course also save you thousands of dollars in occupancy costs by negotiating the maximum concessions on every transaction.

Protect yourself from exposure to real estate risk.

The office leasing and buying process is complicated and risky. Just as you would hire a CPA to manage your taxes and an attorney to represent you on legal matters, the real estate process should only be managed by an experienced professional that understands all the pitfalls and intricacies of the transaction. We take risk out of the equation by professionally and expertly managing the process down to the smallest detail and advising you on the most risk-free strategy for achieving your objectives and protecting your business from unexpected real estate risk.

Benefit from professional tenant representation to achieve the best results for your business.  

Due to the relatively inert nature of real estate, maximizing the operational efficiency of your office space can be a challenge, especially if your business and your space needs are evolving. Opportunities for businesses to grow and change are often hindered due to the restrictions placed upon them by their office space. Don’t let your office space hold you back! Find a tenant representation broker with the expertise you need when expanding, consolidating, or relocating facilities, renewing or restructuring existing leases or purchasing a commercial property  for your business.

A tenant broker’s role is is to provide you with the comprehensive data and impartial advice you need to make the right corporate real estate decisions and, in turn, provide the most economical, operationally effective and risk free real estate solutions for your business.

Get instant access to every available real estate listing and opportunity.

The most important phase of the real estate process is identifying and qualifying suitable opportunities to lease or purchase. Without a tenant representation broker it would be extremely time consuming and futile to attempt to thoroughly survey your target market as, unlike the residential market, the vast majority of commercial office space listings are not available online. Furthermore, searching for commercial space through landlord/listing broker is unlikely to give you exposure to every available opportunity as they may only introduce their listings, and calling numerous brokers is extremely time consuming. A landlord broker is encouraged to steer tenants to their own listings as they receive double the fee if they represent their client, the landlord, as well as the tenant. Tenant representation brokers have no incentive whatsoever to steer you to particular listings and are completely impartial as they are representing you, the tenant, and are subject to the same listing fee structure regardless of the property.

By hiring a tenant representation broker, you can be guaranteed exposure to every available listing opportunity and also receive impartial, objective advice on the suitability of the space to your business needs. A good tenant broker will go to great lengths to assist clients in determining their specific real estate requirements and locate and evaluate properties that meet their exact needs. Not only should they have access to all the commercial real estate multiple listing services, but their in-depth knowledge of specific commercial real estate submarkets will give you access to all off-market availabilities and pocket listings to guarantee you access to every opportunity. They will also prepare a comprehensive survey of every commercial MLS database, leverage their intimate knowledge of the marketplace to research every suitable off-market property and aggressively market your requirement to every owner and listing broker. This creates powerful negotiating leverage as multiple landlords compete for your business!

Corporate Concierge Services Offer Significant Benefits To Property Managers, Leasing Agents,Tenants

Are you trying to present your commercial property for lease or sale in its best light so you can obtain the best price? Are you trying to reduce tenant turnover? Are you trying to cut costs while improving quality of service and tenant satisfaction? There is now one easy and effective method that would support better customer service, streamline productivity, and improve your financial bottom line. Sounds like the impossible dream, but it’s not.

To remain successful in today’s competitive real estate market, owner and property managers should consider what industry leaders are already instituting at their sites: corporate concierge services. Offering tenant amenities is rapidly becoming the “it-factor” that makes all the difference.

In order for you to attract and retain quality tenants, you need to remain competitive in the real estate industry. Large property owners and property managers are becoming ever more consistently challenged to offer amenities that create a better environment for their tenants. High-rise apartment buildings, condos, and commercial office suites have recently begun to realize the benefits of corporate concierge services.

Partnering with a concierge service provider offers a means by which your commercial properties can offer a diverse array of services to simplify their tenants’ lives and improve company assets while streamlining their business tasks. Whether it be the addition of dry cleaning services, procuring event tickets, automobile assistance, property maintenance, or beyond, implementing a comprehensive and attractive concierge package ensures that your tenants can conveniently access quality service, hassle-free, “one-stop support” easily and quickly.

Tenants are impressed when they can immediately reach a ‘live’ person who will listen and work with them towards remedying their complaints or desires. The Tenant Loyalty division of a concierge service provider offers phone coverage to field any tenant complaints and work towards their resolution. Imagine having your tenant issues resolved quickly while increasing tenant satisfaction with rapid response, research, and solution. Utilizing a concierge service equates to happier tenants and, thus, more consistent revenue and even increased profits for your business. Further, it removes many of the daily headaches that owners and managers face so they can focus on their core business activities.

Concierge services offer significant benefits to all parties involved!

o Provision, research, and coordination of subcontractors and vendors services, security, janitorial details (including specialized room cleaning, catering and functions management, event scheduling, dry cleaning services, ticket procurement (single or group), car services, maintenance and minor repair issues, and more.

o Lower overhead with reduced personnel training and employee hours.

o Handling and tracking of relevant services. From brainstorming to conception of concierge plan through to budgeting, implementing, tracking, and verification, we work with you from start to finish and everything in between to best suit the needs of your site. There is no longer a need for you to detract your focus from core business. If your needs change, we research options and present an analysis for you. You choose the options that best suit your situation; we take care of the rest.

o Improved response time for tenant contact and fulfillment of requests.
o Simplified accounting: one concierge service, one point of contact, one bill. We will track invoices and payments for you. Further, a partnership with our concierge service means that we provide the professional independent contractors. We reimburse them, i.e. no need to process diverse payroll each week.

o Reduced risk: our independent contractors work for us. No outlay for employee health insurance and benefits. No more worries with regard to scheduling, unemployment, or workers compensation issues for you.

Onsite or off-site concierge services offers a comprehensive solution – benefits that will place and keep you far above and beyond your competitors, whether you are owners or managers of commercial high-end apartments, condominium complexes, or commercial office buildings. Get your market edge and begin to improve your property and bottom line now.