Beth Azor - Retail Leasing for Rockstars Beth Azor

In this episode of "I Own A Shopping Center. Now What?" Beth Azor breaks down the essentials of understanding market rents.

She emphasizes that market rents in your area might differ from what your rent roll or online sources indicate.

To get accurate information, it's essential to connect with local leasing agents and do hands-on research.

Beth shares her process of driving through markets, identifying competition, and meeting leasing agents to gather real-time data.

She highlights the importance of creating a market study to evaluate vacancies and understand how various factors like visibility, exposure, and parking influence rent values.

Beth also discusses the necessity of building strong relationships with other leasing agents in the market to stay informed and competitive.

Don't miss out on future episodes filled with more expert insights and practical advice. Subscribe to my channel now and be be ready on owning a shopping center.

#CommercialRealEstateInvesting #BethAzor #RealEstatePodcast

In episode 4 of "I Own A Shopping Center. Now What?" Beth Azor addresses the critical issue of delinquencies.

With her extensive experience in managing shopping centers, Beth shares insights on how landlords often create their own vacancies by allowing late payments.

She emphasizes the importance of setting clear expectations, enforcing strict payment policies, and adopting ACH to ensure timely rent collection.

Beth's hands-on approach and proactive management strategies have kept her vacancy rates low and her cash flow healthy.

Listen to her discuss these essential practices and learn how to avoid contributing to vacancies on the latest episode of the podcast.

Tune in now on Spotify! Tune in now to learn more about all the owning a shopping center.

#CommercialRealEstateInvesting #BethAzor #RealEstatePodcast

Beth recently had an engaging conversation with a client who bought a shopping center in a smaller market.

She emphasized the importance of spending time in the area to truly understand the market, connect with tenants, and explore potential leasing opportunities. It’s all about hands-on involvement—talking to local brokers, meeting other property owners, and being present to grasp the community’s pulse.

For example, offering existing tenants a month of free rent for referrals or identifying synergistic uses based on what’s working well can make a huge difference.

Beth also discussed the value of local intelligence over relying solely on national firms, especially in tertiary markets. Even if it means taking time off from a W2 job, the investment in understanding the market pays off in increased property value and stronger tenant relationships.

As GPs, the main responsibility is to investors and the success of the assets. Being proactive and informed is crucial to achieving that success.

In Episode 3 of "I Own A Shopping Center. Now What?" Beth Azor tackles the intricacies of lease options, highlighting their benefits for tenants but potential drawbacks for landlords.

She discusses the frustration of seeing properties undervalued due to multiple five-year options at fixed rates, particularly in South Florida’s booming post-COVID rental market.

Beth advises landlords to avoid standard 3% annual rent increases, suggesting higher percentages or CPI adjustments to stay in tune with the current economic climate.

She also offers strategic advice for dealing with tenants who delay lease renewals, such as proactively marketing the space.

Her main insight: lease options should be managed to ensure landlords can adjust rents in line with market conditions, protecting their investments and maintaining property value.

Listen in for more valuable insights and practical tips on managing shopping center investments.

In Episode 2 of "I Own A Shopping Center. Now What?", Beth Azor explores the complexities of Tenant Improvement Dollars (T.I.), also known as tenant improvement allowance.

She breaks down the importance of knowing when to give T.I. and how to set clear expectations with tenants to maintain a balanced approach.

A key takeaway from this episode is Beth's strategy of asking tenants, "How much will it cost to open?" This ensures tenants have a vested interest in their space.Whether you're a seasoned landlord or just starting out, Beth provides valuable insights to help you make informed decisions and safeguard your investments.

Tune in now to catch this informative episode and elevate your property management skills.



https://www.bethazor.com

https://www.azoracademy.com

Beth Azor debuts her insightful new podcast series: "I Own a Shopping Center. Now What?"

As a successful owner of multiple shopping centers, Beth has gained a wealth of experience in creating vibrant and profitable retail environments. She's now set to share this rich expertise through her podcast.

The series kicks off discussing the foundational elements critical to any shopping center's success: visibility, cleanliness, and security. Beth emphasizes that a satisfied customer is likely to be a repeat customer, underscoring the importance of these factors.

Throughout the series, Beth plans to offer practical advice on boosting tenant visibility in cost-effective ways, ensuring that centers are not only safe but also impeccably clean.

Over the course of 100 episodes, she will reveal her top 100 tips designed to help fellow owners and enthusiasts understand the nuances of retail real estate management.

For anyone interested in the behind-the-scenes dynamics of shopping center ownership or those curious about the industry, Beth's podcast promises a wealth of information and insights. She invites listeners to tune in, subscribe, and join her as she navigates the intriguing world of retail real estate.