Mr. Landlord, What keeps you up at night?

Is it the leases on your building expiring? Is it wondering if your rates are in line with the current market or are you leaving money on the table? How about any governmental actions in the works that could redirect traffic away from your building, make it hard for tenants or customers to get to work? How about the current debt levels that are putting you under water? What expenses could you be writing off that are costing you thousands come April 1? What if you agreed to some lease terms that turned out not to be so favorable and the lease doesn't expire for another couple years?

If any of these concern you, then you are not alone. These questions along with hundreds of other questions are everyday concerns of the commercial property owner and there is a place to start answering those questions.

If you haven't befriended a commercial real estate broker, it should be on your New Year's goal sheet.  There are several industries that are effected by the brokers recommendation for the myriad of services that need to be performed to maintain commercial real estate. Industries that benefit from good relationships with brokers are: general contractors, HVAC repairs, handywork, plumbers, alarm companies, lighting and electrical contractors, drywaller and plaster contractors, elevator repairmen, boiler engineers, landscaping companies, property managers, leasing agents, insurance agents, financial consultants, accountants, closing companies, title companies, abstract compancies, etc. to name a few.

The owners of the companies in each of the above named industries know that the broker has the buyer/seller/tenant or landlord's ear when it comes to property advice. The good CRE Broker knows that his or her role should include relationships with each of these industries and be quick with a recommendation that can help the buyer/seller/tenant or landlord. In almost every situation, the expertise and services performed from a good commercial real estate broker will help save thousands.

If you need ideas on how to improve your property situation, feel free to contact Neil Dailey at McGraw Commercial Properties at 918-853-7337.