In Episode 8 of "I Own A Shopping Center. Now What?", Beth Azor shares a wealth of practical strategies for shopping center maintenance and enhancement. She offers innovative solutions for common issues like managing litter, controlling unauthorized roof access, and ensuring security. Beth also provides insights on boosting curb appeal and implementing efficient property management practices, making this episode a must-listen for current and future shopping center owners. Packed with actionable tips and Beth's trademark expertise, this episode covers everything from operational efficiencies to ..read more

In the latest episode of "I Own a Shopping Center. Now What?", Beth Azor discusses the vital role of building relationships with tenants. She explains how understanding both mom-and-pop and national tenants' businesses can drive sales and benefit the entire shopping center. Beth shares a practical example: a tenant who sells college and local team apparel hosted an autograph signing for Stanley Cup champions. By coordinating with local authorities and making extra space for merchandise, Beth helped ensure the event’s success, which brought hundreds of new visitors and positively impacted all t ..read more

In this episode of "I Own A Shopping Center. Now What?", Beth Azor discusses the vital importance of building local relationships for shopping center owners. She highlights how accurate intel from neighborhood leasing agents can outshine unreliable online sources. Beth shares an insightful story about leveraging these connections to secure better lease rates and win bids against competitors. She underscores the value of investing time and effort into these relationships, encouraging leasing teams to actively engage and share information. Beth's message is clear: strong local connections are th ..read more

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 visibili ..read more

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 ..read more

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 ..read more

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 le ..read more

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 decisio ..read more

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 ..read more

How do you submit to the national? In today's podcast, Beth discusses the process of submitting proposals to national retailers, navigating whether to contact the retailer directly or go through their brokers. The essential point is to communicate effectively. The goal is to connect and convey your proposal accurately, enhancing your chances of success.She reveals whether it's better to reach out directly to the retailer, the broker, or maybe even both. Pulling from her own stories and a bunch of smart tips, Beth highlights how knowing the right people and how to talk to them can really make a ..read more