Owners of commercial buildings are often caught up in the dilemma of whether to hire a real estate broker or go the DIY way when leasing time comes. Doing it yourself is more attractive mainly for the reason of saving money. But truly speaking, choosing to forgo the broker could end up being a costly affair. Although it is the owner’s business, you need to attract the right tenants. This is what top brokers do, such as the commercial property sales and management by LJH commercial. They not only help you find top-notch tenants, they also assist in negotiating agreements with renters. Read more and learn why it is invaluable to have commercial brokers on your side during your leasing activities.
They can help you prepare the space for that top dollar
With a wealth of experience under their belt, commercial real estate brokers know exactly how to prepare commercial space for the market. For example, the commercial property sales and management by LJH commercial ensures that commercial space is constructed, modernized or updated in way that attracts top-level clients. Presenting your building in its best form is paramount in finding respectful and cooperative renters. Although you can upgrade on your own, it can be difficult to objectively decide on the design that could be appealing to a wide variety of clients. A commercial broker can give you valuable guidance about making the most out of your commercial building.
Helping you find the Crème de la crème of tenants
Having the wrong tenants can cost you dearly. Finding a person who wants to lease your building is typically easy, but finding the right tenant is far more difficult. Commercial real estate brokers have the art, the skills and the networks to attract the right tenants to your building. They will get you clients who can acknowledge the high quality of your building and be ready to pay for it. This will ensure good return on your investment. Aside from that, a broker will find tenants who are ready to sign up for long-term agreements and this reduces the time and money wasted when the space is left vacant between tenants.
Having tenants with a good renting resume is invaluable. A commercial real estate broker considers the track record of each tenant before leasing out the space. They pick out only those with good references from previous landlords, and in so doing you are guaranteed of having it easy with the tenants. The bottomline of having the right lessees is that you will have a steady flow of rental income and you will not have to worry about damages on property.
Provides a third-party mediator
Every landlord wants to maintain a good relationship with his or her tenants. By using a commercial broker during the lease stage, as a third-party mediator, this relationship is not compromised. Other than that, a broker is able to structure the lease in a way that does not give away too many concessions and with the most favorable terms for both parties.
If you are seeking out commercial leasing services, commercial property sales and management by LJ Hooker Commercial Mac Arthur brokers is the way to go.