Wednesday, July 18, 2012

Get a Perfect Leasing Team for Your Next Commercial Real Estate ...

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(TheNicheReport) ? Leasing commercial real estate is big business, as large profits can be made by leasing out commercial properties. Sounds easy enough, so why don?t all real estate companies get involved in the market? The reason is that leasing commercial real estate has an Achilles? heel that can have an adverse affect on profit margins.

Want to find out what the Achilles? heel of commercial real estate is? Then you ought to keep reading.

The problem with leasing commercial real estate is simple ? it is the leasing team. Leasing teams are key, in the fact that they are in charge of looking after the commercial property and its tenants, so it is highly important that you get the perfect leasing team for your next commercial real estate venture.

Here are a few things to consider that will help you get the perfect leasing team.

Check applicants CV?s (Curriculum Vit?)

This should be your first ?port of call? for every application, as CV?s tell you a lot about each applicant. Some of the key things that you should look out for in any potential employee CV is experience in tenant screening and resident screening. These skills are essential as members of a leasing team are responsible for ensuring your commercial real estate is leased by the best possible clients. The last thing that you need is unreliable tenants that frequently miss payments and have a past history of doing so. You should make sure that each potential new employee is capable of carrying out a simple but essential tenant check to prevent this from occurring.

Do they ask questions?

Although an interview is primarily for you to find out as much as possible about a potential new employee, you should always bear in mind that it is a good sign if the interviewee asks you questions in response. The reason for this is that if you wish the team to be a success, you want members of your leasing team to really enjoy the job and wish to pursue a career with your business. By asking questions the potential team member is showing that they want to make sure that your business is a perfect fit for them. If an employee is happy, and completely satisfied, you will find that they tend to be more productive and become a true asset. Your leasing team will be passionate members who will deliver you the best results.

Personality

With a leasing team you really want to ensure that the personality of each team member is best suited to the job. Members of leasing teams are important in meeting with potential clients and ensuring that existing tenants are satisfied. Due to this, it is crucial that members of your leasing team are friendly, approachable and truly display passion. You should be able to judge whether they perform this from your first meeting with a potential employee.? Friendly, passionate and approachable personalities do not take long to reveal themselves.

Detail Orientated

This is another key quality that potential team members must demonstrate.? In the commercial real estate industry, attention to detail is vital; without it clients could be lost with the drop of a hat. Being detail orientated is a key quality as you don?t want members of your leasing team to forget to do things such as give the client a key or forget any major details within the leasing agreement. Forgetting a client would be the worst case scenario and would be a real deal breaker. By getting team members who express attention to detail are always a winning situation and the embarrassment of not being able to find information for client can be spared.

By adhering to these four easy tips, your next leasing team for your commercial real estate will be perfect and benefit you greatly in the long run.

This guest post is by Endre Rex-Kiss, a small business entrepreneur and guest blogger in the topics of real estate, corporate investments and green technology. This time he writes for Unger & Kowitt, a company providing tenant and applicant screening services countrywide. You can follow Endre?s rants on Twitter.

Short URL: http://www.thenichereport.com/?p=10006

Source: http://www.thenichereport.com/uncategorized/get-a-perfect-leasing-team-for-your-next-commercial-real-estate/

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