Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Good Ideas
Nusetlock.com




REO Prep Foreclosure Listings




BPO REO Secret System




How To Advertise Here

More Good Ideas!
real estate newsletters


Real Estate Websites for Realtors




Build your brand on a Real Estate Site





Facebook
Topic Options
Rate This Topic
#244987 - 08/17/08 09:37 PM landlord and tenants
babmukja Offline
Member

Registered: 09/24/07
Posts: 105
Loc: california, U.S.
Hello,out there!
I am representing this landlord to lease the vacant spaces in his property and the existing tenants are complaining about the rent. Some tenants have already left because the landlord wouldn't compromise the rent rate.
Now, how do I, as a listing agent, make both sides come out as a win-win situation?
another words, how do I make both the landlord and the tenants happy?

thank you

Top
#245036 - 08/18/08 11:04 AM Re: landlord and tenants [Re: babmukja]
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 8475
Loc: georgia
This comes with experience.

Are we talking regular residential,multifamily,retail strip center? They are all a different animal and take different approaches to leasing and negotiation.

Good luck you might check out www.irem.com for some property management tips.

Top
#245037 - 08/18/08 11:06 AM Re: landlord and tenants [Re: super realtor]
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 8475
Loc: georgia
Sorry it's www.irem.org

Top
#245428 - 08/20/08 02:59 PM Re: landlord and tenants [Re: super realtor]
Dallas Broker Offline
Member

Registered: 08/15/08
Posts: 58
Loc: Texas, United States
if existing tenants are upset because you are marketing vacant spaces at lower rent rate, try and negotiate some type of renewal between landlord and existing tenants. Ex. 2-4 year extended lease at reduced $/sq. ft equal to current market rate offered to new tenants.

If existing tenants are unhappy with standard market rate increase on their lease, find new tenants that are willing to sign lease and offer them some type of short term incentive to sign on (with incentive based on term of lease)

Of course, as mentioned above, all depends on type of property commercial...residential

Top
#245498 - 08/21/08 01:16 AM Re: landlord and tenants [Re: Dallas Broker]
babmukja Offline
Member

Registered: 09/24/07
Posts: 105
Loc: california, U.S.
Hey, Dallas Broker!
First of all, this is a commercial property I'm talking about (strip center). Now, I've seen a lot of tenants moved out because the landlord wouldn't budge on rent rate and, on a flip side, I've dealt with landlords couldn't keep up with all the demands and complains from the tenants that he ended up neglecting the property. I just want to know, as a listing agent, what would be the best way to deal with this type of problem?

thanks

Top
#248529 - 09/08/08 09:18 AM Re: landlord and tenants [Re: babmukja]
El Luchador Offline
Member

Registered: 05/01/07
Posts: 222
it depends on the tenant. If you have a highly valued tenant that the LL wants to keep, it may make sense for the LL to be willing to retrade their lease terms. For low-value tenants - tough.

this wont help the current situation, but for the future, have you thought of not publishing what the rental rates are? in my area, it's very common for retail rental rates to be listed simply as "negotiable." that way, the rate isn't out there for public consumption, and is only available when a prospect calls. This is not to say a current tenant wont ever call as a "prospect", but it gives you a little more control.

Top






Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Good Ideas!
real estate newsletters




How To Advertise Here

Sponsors

Newest Members
toorgeman123, D best Realtor, Nilufar Yeasmin, realtor525, relator52512
21437 Registered Users
Who's Online
4 registered (LuvDuv, MassREOReal2r, Santa's Agent, 1 invisible), 179 Guests and 1 Spider online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Vermont 80
KingofBPOs 53
Brit16 51
DueDiligence 44
Bigtoe 36
johnnyloans 34
Averis 34
shurdul 33
super realtor 33
Kjmendy 33
SoldWithVideo 32
RIzwan 29
Doin' bpose 27
75Corvette 26
Scintillion 25
(Views)Popular Topics
No new orders today 4750957
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 2700365
Stupid MLS comments. 958051
EML 458010
Evalonline 299689
What do you know about Froy Candelario, top agent in USA 290635
Land America 285007
New HUD Listing Brokers---Any Update? 269132
Mainstreet 261768
Pay it Forward - BPO/REO Tips & Tricks I & II 239150
Stupid QC comments and BPO requirements. 229957
Is there religious content in Buffini class? 225564
FARVV 177251
REOTRANS 160684
USRES / RES.NET 147658
Let's talk about our cars 147314
asset val seminar in colorado 144050
AVM Bpos 139642
FARVV 126764
PAS 118332
Featured Member
Registered: 06/22/07
Posts: 93

How To Advertise Here


This site presented by RNC Internet Services