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LANDLORD REPRESENTATION
Need help leasing your commercial property? If so, turn to the experts at Vidona Group for expert assistance with your leasing project.
What Is Landlord Representation?
To put it quite simply, landlord representation is a service the Vidona Group, as commercial real estate brokers, will provide to property owners and investors to help develop in-depth understanding of their assets, attract and maintain the right renters, and, ultimately, enhance the investment value.
What to Expect from Landlord Representation?
Market Analysis
As any smart investor knows, knowledge is power. Understanding both your property and the comparable properties nearby is essential to strategically marketing your space to your ideal tenants. Moreover, you’ll also want to collect data on your target audience so you can ensure the strategy you employ to lease your space aligns with the wants and needs of your ideal tenant. An expert in commercial landlord representation services will take on the considerable research necessary to understand your positioning and make your property as profitable as possible.
Tenant Attraction
Armed with the knowledge from a comprehensive market analysis, your landlord representative will then develop a leasing strategy that appeals to your ideal tenant. We don’t have to tell you that an industrial space in a more remote area is going to appeal to a vastly different audience than a corporate office space that’s right off the highway. However, just because your property has the hallmarks of what a credit-worthy lessee might be looking for, if your landlord representative fails to get the space in front of those decision makers, you won’t be able to close the deal. Commercial landlord representation services take this labor intensive process off your plate and ensure your property is easily accessible by the right clientele.
Ongoing Retention
Last, but certainly not least in the ongoing landlord representation role, is the development of a strategy for retention before you ever lease to a tenant. Maintaining credit-worthy tenants directly correlates to the value of your property. A landlord representative who is looking out for your best interests understands that relationship and prioritizes the factors that play into it. From staying informed on the latest market and economic trends to working directly with your tenants to ensure complete satisfaction, you can trust that the right commercial landlord representation services will help you manage this element of property ownership on a daily basis.
Transactional Expertise
Market analysis, marketing, and tenant retention are all part of the ongoing commercial landlord representation services a broker will provide. As time goes on and your wants and needs change, you may find yourself in a position where you have to make some big decisions about your property. A landlord representative who has experience with various types of transactions, including 1031 exchanges, will be highly valuable should the time come when you want to relinquish a property or change the dynamics of your portfolio.
Our Landlord Representation Services
When you rely on us for your leasing needs, you can expect unparalleled service. We take the following steps to understand your needs and develop an appropriate strategy:
Determine and discuss the goals and objectives you have for your company.
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Perform a property analysis and site walkthrough.
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Review property legal description, survey, property tax information, and existing debt structure.
Conduct a market position analysis to understand the strengths and weaknesses of your property and how it matches up with market competitors.
Develop a unique, custom marketing plan for your property.
Discuss the plan in detail to secure client approval.
Execute the plan.
Report the status of plan success and any transactional activity.