Here at WindsorTurner, we love the promised of a new year. Clean living, minimalist aesthetics and going to bed EARLY. It’s an opportunity to correct poor practices and improve for growth, because let’s be honest, sometimes may have become a little loosey-goosey through the merriment of the holidays. Organizing your real estate management practices is crucial, critical, and just plain makes sense for efficiency and success in an industry which we have found to be rapidly evolving. Here are four (four for 2024 - see what we did there?) ways to enhance organization in your real estate management ..read more

Nonprofit organizations face unique challenges when it comes to managing their resources effectively. One crucial aspect of their operations is making decisions regarding real estate, which often involves significant financial investments and long-term commitments. Outsourcing real estate decisions can offer several benefits to nonprofit organizations, making it a compelling option to consider. Firstly, outsourcing allows nonprofits to tap into specialized expertise and knowledge. Real estate professionals possess in-depth knowledge of the market, legal requirements, and industry trends. By le ..read more

It’s February, and after the typical “Year End Clearance Sale” and “50% Off” signs come down from storefront windows, savvy retailers know the bright cheeriness of Valentine’s Day and Spring is the perfect opportunity to use fun and inviting window displays to attract customers back into their stores. Clean and cheery windows are a proven method to attract customers into a retail store. Landlords of vacant retail space should take note here.  Use of decorative and enticing window displays is a page you should be pulling out of your tenant’s play book.  Like sprucing up landscaping to ..read more

Step Into A Misstep   Recently a client had the unfortunate experience of being taken to task on a social media platform. The situation started out relatively minor, but a few over-eager responses to a comment post had the internet a-flutter in less time than it took to for a French press.  As property owners and managers, it is imperative to accept that sometimes the mark may be missed, and have a plan in place to respond and positively engage when this happens. The biggest take away from this post should be the awareness that residents can, and will, promptly take grievances to dig ..read more

The Family Business Chronicles: Season 3, Episode 1, “Just Don’t Screw It Up”   Forgive the episode reference. Life as we now know it has made me count my calendar days not by actual days of the week, but instead by either podcast or Netflix original series numbers. I’m not anticipating this will be as binge-worthy as … The Queen’s Gambit or (hiding my face in shame) Bridgerton, but the family business does indeed offer its share of drama, eccentric characters, and the ultimate in reality writing. Wondering why I have described this as Season 3? Looking back, my entry into the family busi ..read more

For better or for worse … ok, for better … 2020 is almost in the rearview mirror, and 2021 is before us. The one thing WT is certain of is, uncertainty abounds.  While most predict the impacts of COVID-19 will start to diminish correlating with the rise of vaccination, the impacts to commercial real estate will continue to resonate in the months, and years to come. Here is WT’s take on predictions for 2021 for local real estate investors. Multifamily WT predicts impacts to multifamily will vary with location and product type offerings.  The pandemic has made our home experience a pri ..read more

We here at WT have held our breath more than once since March. And from where we sit, looking at our pretty pie charts, we surmise simply (though not very eloquently) that a) the world in which we have existed in since March is not normal, and more importantly b) this is not the new normal.  While we are down (tenant rental payments fell 3% this month), we are not out, and feel confident that we will return to a real estate environment that restores our fundamentals, which include things like tenants paying rent, banks lending money and more than two people allowed in the elevator. Like m ..read more

Learn to love your lease, said no one, ever. Yet, if you’re in this industry long enough (the industry being real estate, not education, medicine or engineering, so if you’re looking for those areas … Google has led you astray) your lease will either sink your ship, or save it. In simple terms, your lease is your agreement between you (the lessor, who is the owner, landlord, head honcho), and your lessee, who is your tenant or resident.  Read this carefully; your lease is a legally binding commitment between lessor and lessee. Right off the bat, know the lease is vastly different from a m ..read more

Phyllis Smale Park What Is the Place for This Place? Placemaking. One of the necessary terms for any real estate development project description. But is it anything beyond the buzzworthy? It absolutely is. If your intention for your real estate development project is more than a box with an address, and for most real estate developers that is true, there is some degree of placemaking occurring. I recently paid a visit to Cincinnati, which if we went back a few years, I would not have considered much. Before we go further, I must first tip my hat to the mind-altering creation of spaghetti meet ..read more

Today is the first Monday of a new month set in the dog days of summer. This means that as apartment offices open, or ‘virtually open’, owners are going to be getting a look at the tea leaves for what the month’s collections will look like. With the pandemic still a threat to residents, and federal stimulus funds running out, owners are hand-wringingly wondering … what’s next? To date, the data shows multifamily rental revenue collections have been better than many anticipated as the shutdown commenced. The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker demonstrated that mo ..read more