52 – Learn the Intricacies of Lease Commencement vs Rent Commencement to Maximize Your Free Rent Period

Good morning and welcome to Episode 52 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 wants to teach you how to negotiate as much free rent as possible on your next lease. It’s important to understand the difference between lease commencement and rent commencement. The lease commencement date is when you acquire the property and when you begin working on the site, getting permits and moving in. The rent commencement date is when you start paying rent.

With good negotiations, you can schedule your rent commencement date to be several months AFTER your lease commencement date, allowing for the preparations required prior to your opening. It’s good to know what you can ask for and how to ask for it!

Give him 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

51 – Spouse Won’t Sign on Your Personal Guarantee? Here’s How to Compromise With the Landlord and Keep the Deal Alive

Good morning and welcome to Episode 51 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.

You’re in luck because in this episode Craig shares an ingenious solution to a pretty common problem. Here’s the situation: You are ready to start a new business; it’s time to open up shop. What are you going to need? Well, when you sit down with a landlord to sign a lease on this new shop of yours, he or she is going to want you to personally guarantee the lease.

If your spouse doesn’t want to sign the personal guarantee, and they’re right, by the way, (you shouldn’t want to sign it either) then you’re going to be in a pickle! The landlord will probably insist. So, what can you do? Craig has had Herculean success negotiating in these types of situations, this is, he’s avoided personal guarantees by having his clients show the landlord that they can pay more rent up front. Then, the landlord, in essence, gets the security they’re after and the client doesn’t risk their personal assets.

Disclaimer: Craig Melby is not offering legal advise. He’s merely sharing an account of a negotiation.

Give him 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

50 – When You Can Leave the Parking and Traffic Behind . . . and Do MORE Business!!

Good morning and welcome to Episode 50 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 this episode Craig examines a case study of a donut shop finding the perfect new location. This donut shop was located in a tourist town, right on Main Street. It was nice inside; it had plenty of available parking and plenty of drive-by traffic. Sounds great, right?

Well, this particular donut shop had the opportunity to move right up the road into a new location. The new location was right in the center of all the action, so to speak. There was more pedestrian traffic. What does this mean? It means people are already out of their cars! What a recipe for success for this donut shop! They’ve increased their sales 300%, which is incredible!

What does this case study mean for you and your business? Craig invites you to ask yourself if your business wouldn’t thrive even more in a pedestrian area near an anchor tenant. Give him 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

49 – Inside Peak at a Typical Lease Review – The Important Stuff We Find!

Good morning and welcome to Episode 49 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.

Today Craig gives us an inside peak at a typical lease review so that we can see the types of important things that he finds. He reviewed a lease recently. It was a pretty standard lease for all intents and purposes, but there are always fixes that need to be made.

In this particular case, the landlord was a very nice guy and the lease was super easy going. Craig couldn’t readily determine the start date or which party would be liable for care of the building or property. Well, that’s all fine and good, but the truth is that both parties benefit from a specific lease. Craig’s advice: Put it in writing. No matter how small it seems or how small the chances are of it every happening: put it in writing. We hope this helps you in your leasing adventures and business endeavors!

Thanks for tuning in! Please leave us a review in iTunes so that we can help more business owners just like you.

Helpful Links:

For more information, be sure to visit LeaseSmart.com

48 – Augmented Reality & Virtual Reality Are Here, and Changing Commercial Real Estate!

Good morning and welcome to Episode 48 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.

We have a fascinating interview for you today! Craig is talking with Steve Aukstakalnis, author of “Practical Augmented Reality: A Guide to the Technologies, Applications and Human Factors for AR and VR.”

Let us be the first to share the good news with you that the future is here. Virtual Reality and Augmented Reality are, well, real. And, the implications for the real estate industry are huge.

First let’s go over the differences between VR and AR. Virtual Reality is wearing goggles and being able to see 360 degrees of a different location; to be able to move through it. Augmented Reality is wearing googles and being able to see your current location with additional cues, markings, information, etc.

Now, think of how this technology could enhance the experience of a client who is shopping for office space. Imagine being able to walk through a property without actually needing to travel to or walk through the property!

How else could you implement this cutting edge technology? What will happen if you sit around on the side lines and wait a few years before doing so? How expensive would it be to create these virtual reality tours? Tune in and join us to learn more!

Thanks for listening!

Please leave us a review in iTunes so that we can help more business owners just like you.

Steve Aukstakalnis can be reached via phone or e-mail. Give him a call at 305-432-2216 or e-mail him at steve@practicalar.com

Helpful Links:

Read Steve’s book Practical Augmented Reality

For more information, be sure to visit LeaseSmart.com