3 Problems A Project Leasing Broker Can Solve For The Property Owner

If you are a commercial property owner, finding a tenant to fill your vacant space is a tough task. This is a very time-consuming process in which you will have to screen the tenants, negotiate on the rent, and so on. Therefore, it becomes vital for you to hire a leasing broker from professional commercial property management services. 

Let us look at the roles and responsibilities of a leasing broker and how they can assist property owners to lease their space.

Project Leasing Broker and their responsibilities:

Also known as a landlord or an agency broker, they are the representatives of the owner or the landlord of the property in the commercial real estate transaction, and their responsibility includes

• Market your property

• Finding suitable tenants

• Negotiate the rent and the lease terms with the tenant to achieve the most favorable lease term for the property owner

• Provide complete information about the market and the tenant demand

• Fill the vacancy as soon as possible

Let us look at how the project leasing broker can help in solving problems of a property owner-

1. When your property is not leasing

2. When your property performs below the market rates

3. When you do not have the time to lease your property

• When your property is not leasing-

Leasing the property on your own can become a very time-consuming process and sometimes may result in leads that are not successful. By letting the landlord broker do the job on your behalf will save you time and generate successful leads. Since the landlord brokers have been in the market for a long period of time, they have a fair knowledge of the real estate world and have connections with other brokers as well. The main task of marketing and listing your property will also be handled by the landlord brokers as they have access to all the listing sites and know the strategies to market your property on your behalf. They also come up with creative ways to promote your property other than listing and publishing it on the website. Once the marketing part is done, the landlord broker will then help you find potential tenants. They screen the tenants thoroughly before signing the lease with them and ensure profitable returns for your investment.

• When your property performs below the market rates.

This is another problem faced by landlords. There could be several reasons behind the property not performing well. Low rental rate, low tenant turnover, the property is vacant for a longer period of time, etc. are some of the common problems faced by the landlords. A landlord broker can help you in two ways- research and leverage.

By doing the necessary research, landlords can provide accurate information about other well-performing commercial properties in the market. They can then suggest the landlords about the necessary changes or improvements that they can do in their properties to make it up to date and can also inform about the necessary changes that can be done.

With research comes to leverage. Once you get an understanding of how the other buildings in the market are performing and what leases are signed, the landlord broker can then use that information in the negotiation process.

• When you do not have the time to lease your property.

Property leasing is a very time-consuming process. As the maximum time of your day will be devoted to your work, you may not get the time to engage yourself in the leasing process of your property. Because other tasks may require your attention, you may miss out on potential tenants. By hiring a landlord broker, you will not have to be worried about it and be assured that all the leasing procedures will be done by them. This gives you the liberty to devote your time to other activities and not worry about the leasing of your property.

Conclusion-

Project leasing brokers come with a full package of services. Not only do they assist you in leasing your commercial property, but they also help you position your property in the market, acquire a new property, sell an existing one, tenant strategy and so much more! They make sure that all the facets of the property are well-handled its value is maintained. 

We at GW Partners understand these issues and work to fulfill the interests and the needs of our clients. We are a full-service real estate firm in and around Texas. Property management services by  GW Partners in Austin, include rent collections, vendor management, lease administration, tenant relations, property inspection, and tenant compliance. If you would like to learn more about the services that we provide, head on to our website to get more information about our land broker services.

Contact US today and let us assist you in leasing your commercial property to potential tenants.