Case study
Real estate question:
1. Mr. Johnson owns a small commercial property which
has 4 units with a total square footage of 9384. The
property is located in an area suffering from high
vacancies. The current tenants remaining are ABC
Corporation, who occupies 2888sq ft. And recently
renegotiated and lowered their lease rate through 2011 and
XYZ electronics corp., who occupies 3350 sq.ft. With their
lease due to expire December 2010. The remaining 2 vacancies
are marketed by a local broker. Currently there are no
potential tenants viewing the vacant graces.
What might Mr. Johnson do to retain his 2 tenants and
attract new renters to his property and how might this
impact his income and/or expenses this year and next year?
Please explain your answer.
- 2 Answers
- 18008 Views
- ALP, Wells Fargo, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / vijay reddy last mile
The case can be broken up into 3 main parts
1. Retain Existing Customers who occupy 6238sft
- Lower the sft rate on par with the market
- Free Maintenance
- Free Water
- One month free rent with tenant who is about renew
2. Attract 2 new tenants to fill 3146sft
- Aggressive marketing of space
- Attractive Pricing
- Free first one month rent, full year maintenance and water
- Lower the deposit
3. Impact on Johnson income/expense
- The impact can be either increased income because the additional 2 portions are filled with aggressive marketing and pricing options
- If the options do not work and the 2 spaces are not filled along with one existing tenant not renewing then there is drastic effect in the income and percentage of expense to income will increase
| Is This Answer Correct ? | 29 Yes | 4 No |
The question you asked, I think you have to take a help from broker of nearby your area. Because my friend had also same problem before 2 years ago so he take a help of residential plot brokers in Nagpur. I hope this link they share with me will help you.
https://www.pickeronline.com/nagpur/residential-plots
| Is This Answer Correct ? | 1 Yes | 0 No |
What is the service tax rate on WCT ( work contract tax) in haryana state
Sir, I have applied for the post of Cashier/ Inter-preter/ Inspector in Charity commissioner, Mumbai. I have required the previous year exam question papers or which question are likely to be asked for the such exam.
Why you want to work with the Prosecutor's Office?
What about housing and small claims matters?
Hi,I am 3yrs exp IT Professional. I had attended interviews from two companies and cleared all the rounds in both the companies. for example company 'A' & 'B'. (In both I preferred Company 'B' most).But Company A released the offer letter immediately and company 'B' did not released the offer at that time. So i thought the company is not ready to offer the package which I preferred. So i joined the company 'A'. After 3 weeks the company 'B' released the offer letter with preferred package. Now I want to join comapany 'B'.Unfortunetly i joined the Company 'A' and 3 weeks was completed. Is there any chance to join company 'B'?.If i joined what kind of legal action can be taken on me from company 'A'? Please advice me is it Good to switch now else better to be here in the company 'A'.
What you think about Protection of Women from Doemstic Violence Act, is it in favour of women or is it patial law?
what are your views on equal opportunities?
suing social services health service and social security
How would you decide on your objectives?
What law is broken every day by most people?
This website is completely time wasting stuff. nothing arranged proper (all info in zigzag and like "@@@@@@".
H Forms Issue Yearly or Quarterly?
1 Answers Saraf Trading Corporation,
-
Law AllOther (806)
