Ten-X Commercial

Before you buy a shopping mall for sale, it is crucial to know how to manage it. To successfully manage a shopping mall, you need a lot of systems and a good degree of knowledge. Systems come with experience while knowledge comes with time. Here are some useful tips for managing a shopping mall.  Upcoming vacancies You need to watch for the vacancies that could be there in the property in the coming two years. Negotiate early with tenants to solve any vacancy problems before they happen. Lease terms and conditions Leases are usually formed around the terms of a standard document. However, things can be changed to reflect the particular premises and tenant. Critical dates are important to watch as will other terms of the lease. Tenant mix functions Some tenants match a particular location in the cluster of others. You need to define your customer zones and tenant clusters so you know what works for you. Customer demographics and numbers Before...

Selling a hotel for sale  can be a complex process. It involves selling a real estate property as well as a trading business. Most market analysis will look at a multiple of yield and profit when reviewing the valuation of a hotel but it is important to understand that each hotel is unique and various components will determine the sale price. When selling a hotel, you need to do the following things to maximize its value. Know the value of the hotel You should look at the profitability of the hotel, the condition of the property and the location to determine the value of the hotel. A hotel will have a higher value if it is in excellent condition, in a location with a lot of customers and if it makes a lot of money from the operations. Due diligence Potential vendors typically undertake several forms of due diligence that relate to the business before the purchase. The due diligence level will vary based on whether they are purchasing the entire hotel busines...