Short-term leases enable the lessor to affect frequent rent changes. The result is short-term leases are a benefit to the lessor in a market with increasing rental rates and a detriment in a market with decreasing rental rates. Long-term leases secure the rental rate for an extended period of time. The result is long-term leases […]

The facts are that the value and cash flow of income property is defined by the leases it attracts. It only makes good common sense to maximize the potential for attracting solid, financially sound lessees. Without the use of a leasing agent you are limited by the number of contacts you have or could make. […]

First, what is a scheduled rent? The dictionary states a schedule is “a plan to take place”. In other words, it’s the rental amount that the lessor would like to collect. That rate could be above, the same as, or below the market rate. It is the market rate that lessees are willing to pay. […]

The big Cs: real estate concessions! Are they coming back? If so, how important is it to understand the economic impact that concessions have on real estate? A look back in time indicates that the most significant causes of real estate disasters have been excessive interest rates, over-paying, over-building, over-leveraging, high unemployment, and concessions.
Unfortunately, although […]