Firstly, what is vacancy?
Vacancy is the estimate, usually based on historical data for a given property or property type within a given market, of the amount of space within a building that is typically vacant and is usually expressed as a dollar amount per foot or more commonly as a percentage of gross rent.
Vacancy is [...]
I owe anyone who has tried to post a comment to this blog an apology. Seems I tested just about everything but the commenting function. It never occured to me because I never thought about the need to comment on my own blog. But after 40-odd posts over the last little while [...]
Boy, have I got a bone to pick with the Ontario government this week! Several, actually. Yesterday was my rant about proposed energy audits. Today I’m going to write about Sales Tax Harmonization, or as I like to call it, The Big Grab.
The Ontario Government has put up a page explaining their [...]
Not using net leases.One of the most common mistakes I see with landlords who own smaller properties or who ‘like to do things the old way’, is failing to use net leases and to enforce them when they exist.I guess we need to back up a little.
What is a net lease? Well that depends [...]
Underestimating the time needed to fully expose the property to the market.
I know what you’re thinking, “You REALTOR®s are a crafty bunch! I just know that you can get this property sold quickly, but you want it to sit around to generate calls so that you can go off and sell someone else’s property [...]
Trying to ‘Keep it Quiet’Occasionally a seller will approach to ask for assistance in disposing of a property ‘on the q.t.’. “I really don’t want everyone to know it’s for sale, but go get me a buyer and I’ll gladly pay you a big fat commission!” My first question is, what’s the big [...]
Over my next few posts, I’m going to go over what I think are some of the biggest mistakes property owners make when trying to sell their commercial properties. These are common to all types of property, and in fact probably translate well to residential properties as well.Failing to prepare for the sale well [...]
