54 – New Landlord Disaster Stories

Good morning and welcome to Episode 54 of The LeaseSmart Commercial Real Estate Podcast, brought to you by LeaseSmart.com. Your host is Craig Melby, the founder of LeaseSmart, whose objective is to find companies the best facilities and get them the best terms, making their business more profitable and less vulnerable to future, unpredictable circumstances.

In today’s episode Craig interviews Tom Shay from Profits Plus Solutions. We like to run a positive show around here at Corporate Real Estate Podcast. Craig has great working relationships with all parties involved in making great deals: attorneys, landlords, landlord agents, etc. Craig likes landlords! He likes to say they’re good people, and most of the time they are. Tom Shay would say the same thing, but he’s here today to give everyone a little heads up so they can learn from someone else’s pain. He shares a few of his experiences dealing with inexperienced landlords.

Sometimes the landlord just doesn’t have a good working knowledge of how deals, leases and business relationships should go. Tom recounts an incident where a landlord failed to notify tenants that their signage was going to be discarded and changed and that the entire facility was going to be remodeled. This is just an example of poor communication and these types of encounters can easily be avoided.

Whether you’re a landlord or a renter, you want the lease agreement to protect your rights and be mutually beneficial. A landlord should want the businesses that rent from them to thrive and vice versa.

Give Craig a call if you’d like to learn more. He can be reached at 800-962-2419. Thanks for tuning in and have a fantastic day!

Helpful Links:

For more information, be sure to visit LeaseSmart.com

Visit the largest website out there dedicated to retail services For more information, be sure to visit ProfitsPlus.org. This website is an incredible resource full of helpful information and 40 handy calculators. You can’t spend money on the website; they just offer it as a service for an analysis of your business.

Email Tom Shay at tomshay@profitsplus.org

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