If you are the landlord of a commercial building, chances are that you’ve run into a problem or two along the way. From marketing your property and finding quality tenants to negotiating leases, being a landlord can be a time-consuming and often frustrating job. The good news is that there is a simple way to maximize your ROI (return on investment) and reduce your day-to-day stress levels. All you have to do is hire a landlord representation broker. But what exactly are the benefits of landlord representation? Well, let’s take a look.
Top 3 Benefits of Landlord Representation
If you want to enjoy your commercial real estate investment to its fullest, you need a tenant rep broker on your side.
Attracting High-Quality Tenants
Minimizing costly vacancies and attracting high-quality tenants are a few of the common problems facing landlords. These are also some of the biggest benefits of landlord representation. Experienced brokers know how to market commercial properties like yours, and have access to reputable listing sites that will ensure maximum visibility, increasing demand. These brokers also have existing connections with tenant representatives in the area. This helps your broker attract the right tenants for your property, and negotiate terms that are favorable for you.
Optimizing a property owner’s financial position in today’s market requires much more than merely filling a vacancy. Attracting high-quality tenants is only part of the problem. You also have to make sure your building is performing at or above market. This means negotiating comparable rental rates to similar buildings in the area, minimizing tenant turnover, and reducing vacancies. One of the biggest benefits of landlord representation is that your broker has access to up-to-date market data, databases, and tools that track industry trends, vacancy rates, and comparable properties. This specialized industry knowledge will give you more leverage in lease negotiations and will help you maximize your real estate investment. Additional benefits include:
- Evaluating the current real estate market conditions that affect your property.
- Strategize, Develop and implement a multi-disciplined strategy to attract qualified tenants and/or buyers.
- Negotiating offers based upon the defined objectives of the property owners.
- Maximizing profits through cost reduction strategies.
Save You Time
Finally, one of the biggest benefits of landlord representation is that it saves you, the landlord, time. If you’re feeling overwhelmed and in a position where the return on investment (ROI) of your commercial property is threatened, hiring a landlord rep can help. Let’s be honest. You don’t have hours to devote to studying the commercial real estate market. You need an expert, like United Development Realty, in your corner.
United Development Realty is an Experienced Landlord Rep in Maryland
When you have vacancies to fill or a commercial property to sell, you need United Development Realty in your corner. We provide Commercial Landlord Representation Services throughout Maryland. Let us help you develop an in-depth understanding of your assets, attract high-quality tenants or buyers, and enhance the investment value of your property. We have a long-standing commitment to assisting property owners throughout every step of commercial landlord representation.
|Property Management||Photograph Property||Cold Call/Warm Call Prospects|
|Evaluate Property||Electronic Marketing Design||Email Campaigns|
|Real Estate Market Analysis||Paper Brochure Design||Direct Mail|
|Prepare a Strategic Course of Action||Design and Install Signage||Inform The Brokerage Community|
|Assist with Term Negotiations||Schedule Property Showings||Inform The Business Community|
Our client-first approach sets us apart from the competition and means that you never feel unheard. We are here for you both initially and throughout the cycle with the prospective tenant/buyer.
Please call our office (locations in Bethesda 240-221-1976 and Fells Point 410-522-1632) to get in touch with a licensed commercial broker today.