Beth Azor - Retail Leasing for Rockstars

How do you make every space showing count?

In Episode 27 of "I Own a Shopping Center. Now What?", I break down the essential steps to prepare for and conduct successful showings. Whether you’re managing the process yourself or overseeing brokers, it’s all about being thorough and proactive. Here are some key highlights:

Confirm appointments with a detailed text outlining meeting times and rental terms to avoid misunderstandings.

Prepare the space by addressing cleanliness, removing any odours, and ensuring it’s well-lit and welcoming.

Keep safety top of mind, especially for large or multi-room spaces, and have a second person present when needed.

Follow up after the showing with a clear recap of the terms and next steps to keep everyone aligned.

Tune in to learn actionable strategies for creating a positive and professional showing experience.

Don't miss out on future episodes filled with more expert insights and practical advice. Subscribe to my channel now and be ready on owning a shopping center.

#CommercialRealEstateInvesting #BethAzor #RealEstatePodcast

Is a legacy tenant an asset or a challenge?

In Episode 26 of I Own A Shopping Center. Now What?, Beth Azor discusses a conversation with an investor purchasing a strip center to house their own business—only to realize one of their national retailer tenants is struggling. Rather than seeing this as a hurdle, Beth reframes it as an opportunity for strategic growth.

This episode covers insights on turning potential challenges into winning strategies:

🕒 [02:15] Why low-rent legacy tenants can actually enhance your investment.

Owning a shopping center is about more than rent collection; it’s about foresight and adaptability. Tune in for Beth’s tips on maximizing your property’s value!

In this episode, I share a behind-the-scenes look at the essential vendors and advisors who’ve helped me manage properties for decades. Building a reliable network of experts is key for any investor. From navigating tax appeals to securing the right insurance, I discuss the importance of working with trusted professionals who understand the unique needs of property owners. Plus, I highlight the value of connecting with other investors to exchange advice and recommendations.

Key Topics:

- Tax Appeals

- Land Use Counsel

- Wealth Management

- Insurance Review

- Property Management Software

Tune in for insights on creating a solid support system in property management — and mark your calendars for the upcoming Women's Real Estate Investment Summit in March!

Don't miss out on future episodes filled with more expert insights and practical advice. Subscribe to my channel now and be ready on owning a shopping center.

#CommercialRealEstateInvesting #BethAzor #RealEstatePodcast

Facing a looming deadline with a short-term loan on your shopping center? In this episode of I Own A Shopping Center. Now What?, I break down practical strategies for property owners to boost their NOI and meet tight timelines.

Whether it’s understanding the market or getting creative with leasing terms, there are ways to take control. Here’s what I discussed:

If you’re in a similar situation, take action now and stay ahead of the game.

Don't miss out on future episodes filled with more expert insights and practical advice. Subscribe to my channel now and be ready on owning a shopping center.

#CommercialRealEstateInvesting #BethAzor #RealEstatePodcast

What does it take to navigate a $3 million renovation on a shopping center?

In this episode, I walk through the process of transforming a property while keeping tenants' businesses running smoothly. From choosing the right superintendent with top-notch customer service skills to managing tenant signage and financing, it’s all about the details. I also share how we’re minimizing disruptions, ensuring cleanliness, and making smart use of vacant space during construction.

Tune in to hear key strategies for handling large-scale renovations and how building long-term relationships plays a critical role in success. Plus, I give a preview of my upcoming Women’s Real Estate Investment Summit in March 2025!

Don't miss out on future episodes filled with more expert insights and practical advice. Subscribe to my channel now and be ready on owning a shopping center.

#CommercialRealEstateInvesting #BethAzor #RealEstatePodcast

Ever considered transforming your vacant spaces into something temporary yet impactful?

In this episode, I dive into how I’m tackling vacancies at one of my shopping centers by using seasonal pop-ups. Vacancies don’t have to be a loss—they can be an opportunity to bring in niche, merchandise-focused businesses. Pop-ups have proven to be a winning strategy for me in the past, with tenants like Caneswear starting as a seasonal pop-up and growing into a long-term success.

Here’s what I cover:
- The benefits of “pure play retail” for filling vacant spaces
- How seasonal pop-ups can drive traffic and boost revenue
- Creative solutions to parking and leasing challenges
- Tips on approaching potential pop-up tenants and structuring agreements

If you’ve got vacant spaces, why not turn them into an opportunity? Give this idea a try and see the results!Don't miss out on future episodes filled with more expert insights and practical advice.

Subscribe to my channel now and be ready on owning a shopping center.

#CommercialRealEstateInvesting #BethAzor #RealEstatePodcast

How well do you connect with the community where your shopping center is located?

In episode 21 of "I Own A Shopping Center. Now What?" I break down why being engaged in the local community is essential for property owners. Whether you own one or a few centers, building relationships with the Chamber of Commerce and economic development directors can significantly boost your leasing success and help you navigate permit issues.

Even if you can't be there in person, having the right local support can make all the difference. Consistent involvement will deliver results you didn’t expect!

Key Topics:

- Importance of Local Engagement

- Leveraging the Chamber of Commerce

- Building Specific Relationships for Leasing

- Navigating Permits with Local Connections

- Community Sponsorship Tips

Don't miss out on future episodes filled with more expert insights and practical advice. Subscribe to my channel now and be ready on owning a shopping center.

#CommercialRealEstateInvesting #BethAzor #RealEstatePodcast

Wondering if it’s acceptable to ask a prospective tenant for financials? Absolutely!When dealing with franchisees — especially those just starting out — landlords must go beyond face value and dig into the financials. In this episode, I share what every landlord should examine, from conducting thorough credit checks (including spouses!) to ensuring a strong application is in place. Asking the right questions and requiring verification can make all the difference. With nearly 40 years in this business, I’ve seen how these steps can save landlords from future troubles.Key points covered:

For landlords, asking the right questions is key to avoiding financial pitfalls.Don't miss out on future episodes filled with more expert insights and practical advice. Subscribe to my channel now and be ready on owning a shopping center.#CommercialRealEstateInvesting #BethAzor #RealEstatePodcast

Overcoming obstacles in leasing is all about strategy. In this episode, I share my approach to dealing with those challenging spaces in your shopping center—like the infamous elbow spaces with limited visibility and parking. Instead of forcing big retailers into these spots, I target businesses already thriving in similar conditions. Think daycares, orthopedic shoe companies, or tenants from industrial parks. By focusing on the right prospects, you can turn a difficult space into a profitable one.Key Highlights:

Let’s tackle those leasing challenges together!Don't miss out on future episodes filled with more expert insights and practical advice. Subscribe to my channel now and be ready on owning a shopping center.#CommercialRealEstateInvesting #BethAzor #RealEstatePodcast

Is bigger always better when choosing tenants?

In this episode of "I Own A Shopping Center. Now What?" I talk about the tough decision of choosing between franchisees and local tenants.

While the allure of a well-known franchise name is tempting, it might not always be the best choice. I share my experiences and insights on why local tenants could be the stronger option, even when a franchise comes with brand recognition and marketing power.

Tune in to hear key points on evaluating financials, tenant improvement (TI) strategies, and a real-life case study where a local tenant outlasted a corporate giant. If you're navigating a similar decision, this episode might offer the perspective you need.

Don't miss out on future episodes filled with more expert insights and practical advice. Subscribe to my channel now and be ready on owning a shopping center.

#CommercialRealEstateInvesting #BethAzor #RealEstatePodcast