Beth Azor - Retail Leasing for Rockstars

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.

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How do you find the right third-party leasing agent for your property?

In Episode 17 of "I Own A Shopping Center. Now What?", I discuss the key steps to interviewing brokers and setting them up for success.

I break down how to evaluate firms, the questions you need to ask, and why short-term contracts with regular communication are essential. Learn how to hold your brokers accountable and ensure they deliver results.

Whether you're new to retail leasing or just looking for better strategies, this episode is packed with practical insights you can use right away!

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.

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What are the small but essential details that help your shopping center operate seamlessly?

In episode 16, I cover some practical strategies I’ve learned over the years. Whether it’s numbering light poles for easier repairs or rethinking the need for sweeping smaller lots, I’m sharing the tips that have worked for me.

I also discuss the importance of bright, eye-catching flowers at the entranceways to draw attention, and why building strong vendor relationships is key to success.

Plus, when it comes to passing through management fees, if it’s in the lease, don’t hesitate to include it.

Ensuring your property is well-maintained and managed efficiently isn’t just about keeping tenants happy—it’s about keeping everything running smoothly.

Next time, I’ll be diving into how hosting events at your shopping centers can create stronger connections with your tenants and community. Stay tuned for more actionable insights!

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.

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In this episode of "I Own A Shopping Center. Now What?", we explore the significant role of signage. From finding the perfect balance between visibility and aesthetics to practical tips on maximizing tenant satisfaction, this episode has it all.

Key Highlights:

- Pylon Signs: How Many is Too Many?

- Reverse Lettering for Clarity

- Enhancing Property Value by Avoiding Raceways

- Strategic Signage Negotiations

- Navigating City Regulations

Tune in and subscribe for more insights, and feel free to reach out with topics you'd like me to explore in future episodes.

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.

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What do you do when your shopping center has restrictive covenants or tenants with exclusive rights? In this episode, I tackle how to overcome these hurdles, from negotiating with tenants to creatively finding ways to work around restrictions.

I also discuss the importance of understanding the unique dynamics of elbow spaces, how to approach vacant properties, and why a blanket rental rate may not be the best strategy for your shopping center.

Whether you’re dealing with tenant exclusives, managing vacancies, or simply looking to optimize your property’s potential, this episode offers practical insights and actionable advice.

Got questions? Reach out anytime, and if you’re at the Orlando ICSC, stop by my booth to chat in person!

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.

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In this episode of "I Own A Shopping Center. Now What?", Beth Azor offers practical guidance for property owners on managing third-party leasing and management firms.

She emphasizes the importance of staying informed through monthly activity reports, understanding lead sources, and making regular site visits. Beth provides actionable advice on how to ensure your property remains well-managed and profitable without micromanaging your team.

Whether you're new to property ownership or looking to optimize your existing partnerships, this episode delivers essential tips to help you get the best results from your third-party firms.

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.

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In Episode 12 of "I Own A Shopping Center. Now What?" Beth Azor discusses effective tenant management and the importance of adhering to lease agreements.

She highlights common tenant requests for repairs that are their responsibility and emphasizes clear communication. Beth shares strategies for managing roof access, conducting preventative maintenance, and ensuring tenants understand their obligations.

Beth also talked about managing vacant spaces, including using lights for marketing and addressing gas fumes from dry P-traps. She stresses setting realistic permitting and construction timelines for new tenants to avoid delays.

Beth emphasizes being fair but firm with tenants to maintain positive relationships and ensure both parties understand their responsibilities.

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.

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In Episode 11 of "I Own A Shopping Center. Now What?", Beth Azor tackles the topic of tenants requesting rent assistance. With a population boom in South Florida, such requests are rare, but Beth shares her advice for landlords who do encounter this issue.

Beth emphasizes the importance of understanding the tenant's business. She advises landlords to request a rental assessment application, including a credit check, sales data, and a detailed plan for using the assistance. This process often deters casual requests.

For those tenants who do complete the application, Beth suggests ensuring they have a clear plan to increase sales. She prefers reimbursing specific business expenses like advertising, rather than simply reducing rent.

Tune in for Beth's insights and practical advice on managing tenant relationships and keeping shopping centers thriving.

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.

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In Episode 10 of "I Own A Shopping Center. Now What?", Beth Azor tackles the pressing issue of broker commissions and lease terms for shopping center owners.

She offers insights on handling brokers pushing for 10-year leases to secure higher commissions, particularly in the competitive South Florida market.

Beth advises smaller operators to evaluate tenant financial stability and opt for shorter lease terms to mitigate risk and reduce commission payouts. She underscores the importance of maintaining strong broker relationships through transparency and timely payments.

Listen now for expert advice on managing broker relationships and lease terms effectively.

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

#CommercialRealEstateInvesting #BethAzor #RealEstatePodcast