Leasing Tip of the Day: Steal My Key Strategies

In my retail real estate career, I’ve discovered a crucial strategy: deeply understanding your property by personally connecting with tenants. This isn’t just about knowing the physical space but engaging with those who bring it to life.

My approach involves visiting each tenant, trying their products, and engaging in meaningful conversations. I recommend varying your visits across different days and times to gauge traffic patterns and operational dynamics. These interactions offer insights beyond basic property management, revealing tenant needs, operational challenges, and even identifying key influencers like ‘The Mayor’—a tenant who often becomes an unofficial spokesperson.

Taking notes during these visits is vital. It shows tenants you value their input and helps you keep track of important details. Equally important is maintaining a positive relationship with your property manager. They’re a wealth of information and essential in addressing tenant issues effectively.

Remember, building strong relationships with both tenants and property managers is key. It not only enhances your understanding of the property but also strengthens your network and influence in the industry.

I hope this helps you! Happy Leasing!