You know one thing that’ll make you a better agent? Listening. Listening to what is happening in your business and in your community on a day-to-day basis.
I thought I’d talk a little bit about building relationships.
Build relationships in your community on a day-to-day basis and you’ll never have to pray for business, you’ll never have to ask for a business because it comes naturally.
I believe the number one job of an agent or broker is to solve the problems and make sure clients have a meeting of the minds.
So maybe not in other cities, but in New York City, real estate and politics are kind of married to each other. Why is that?
What are the things that you should be prepared with if you are looking to lease a commercial property for your business?
So is there optimism in commercial real estate in New York? I think so.
Well in the market, people are a bit concerned. Are we in a recession? Are we going into a deep recession? Are we going towards a depression? All these words are thrown out on TV, on the news, and in different mediums, but what does that mean to you as a commercial real estate investor?
You’ve previously talked a little bit about air rights as well as zoning, now those things are not fixed, in finite things here in New York City.
So in my last video, I talked a little bit about zoning. However, one thing we haven’t talked about is air rights.
In New York City, that can be one of the most valuable things an owner has in their property.
We all see it online, every single day. There is someone telling us how much more money we can make off of real estate by doing all kinds of crazy things. Save yourself the headache. Ignore all the get-rich-quick schemes. They’re just going to cost you money in the long run.
So commercial leases come in various forms. Some are modified gross leases.
So if you are a tenant, and you’re going into a relationship or a lease with an owner, please be sure to talk to your broker about what is the type of lease the owners offer – is it modified gross, is it a gross lease, is it a percentage lease or a triple net lease?