Here is my parents’ situation.
They have under Pty Ltd name a commercial warehouse around 500-600sqm in Sydney, which they would like to rent out but they have been unsuccessful at getting a tenant. They used one of the largest commercial agents in Sydney, two years ago and they failed to bring even one prospective tenant to inspect the property.
I would like to assist my parent’s in securing a long term tenant if possible, and thinking of ways to help them rather than use an agent and learn to do deals myself.
Here is what I thought I would do.
1. Advertise in Sydney Morning Herald and Southern Courier
2. Wait for the response and decide.
If anyone is experienced in this area, could they help me out?
Good morning hiflo.
My suggestions would be the following ;
Property Presentation
1. Make sure it’s clean / clear and neat.
2. Make sure it’s secure (Lessee can lock it up).
3. Make sure water cannot get in and damage their goods.
4. Lease is written up and ready to fire off to prospective Lessee’s.
5. You know the property backwards. NLA / service connection points / 3 ph power / door heights, door widths, truss heights, mezzanine access etc, male and female amenities.Property Advertising
1. Make sure there is a prominent For Lease sign out the front with your phone number…surprising how much demand comes from local businesses expanding.
2. Make sure you have a copy of the Lease ready to fire off to all enquiries.
3. Make sure you know what the property can command in rent, not too high and not too low.
4. Place a well worded ad in the paper and sit on the phone with a confident voice voice ready to answer all enquiries.You
1. Don’t go out there in a suit trying to negotiate with a trucking firm.
2. Talk their language and know what is important for their business objectives. If you’ve got a 3.5m truss height, and they have 5m tall tipper trucks…you’re wasting your time and they theirs.Cheers.
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