News Feeds (RSS) http://naiblackblog.com/?p=219 http://naiblackblog.com/2018/06/summer-fun-in-the-pnw/ NAI Black Community Work Coeur d'Alene Fun things to do Hiking Lakes PNW spokane Summer activities Summer Fun in the PNW There are many reasons to live in and love the Pacific Northwest. One of the top reasons people choose to live here are the spectacular outdoor activities we have available to us right in our backyard. From boating, to swimming, to hiking, to outdoor markets, there are so many options for activities for you and [&#8230;] Wed, 13 Jun 2018 22:49:02 Z http://naiblackblog.com/2018/06/summer-fun-in-the-pnw/#respond NAIBlack-Blog <p>There are many reasons to live in and love the Pacific Northwest. One of the top reasons people choose to live here are the spectacular outdoor activities we have available to us right in our backyard. From boating, to swimming, to hiking, to outdoor markets, there are so many options for activities for you and your family to explore this Summer. Trying to think of new ideas? We are here to point you in the right direction.</p> <p><strong>Lakes</strong></p> <p>Grab your kayak, paddle board, or favorite floatie and head to one of the many fabulous lakes all within a 2-hour drive from Spokane. Make the trip to Lake Roosevelt, the 130-mile span of water that stretches across the Columbia Basin, stay a little closer to home and have a picnic at Long Lake, take your boat to one of the 20 boat launches at lake Coeur d’Alene and cruise throughout 100 miles of lake and enjoy the stunning views, or grab your water skis and head to Idaho’s largest lake, Pend Oreille. Wherever you choose to spend the day or weekend, none of these lakes will let you down.</p> <p><strong>Hiking</strong></p> <p>The hiking options in the PNW are endless. Stay close to Spokane and try hiking one of the many trails throughout Riverside State Park like Bowl and Pitcher or Deep Creek Canyon. You will need a Discover Pass to park at any Riverside State Park location. You can get a day pass for $10 or an annual pass for $30. These can be purchased from retailers throughout the state, over the phone or online through <a href="http://discoverpass.wa.gov/">discoverpass.wa.gov</a>. If you are in Spokane Valley, Dishman Hills Natural Area at the north section of Appleway Blvd. and Camp Caro is a must-do for all hikers. A trip to Coeur d’Alene is not complete without hiking Tubbs Hill which you can access just east of the Coeur d’Alene Resort and enjoy spectacular views of the lake.</p> <p><strong>Farmer’s Market and City Events</strong></p> <p>Maybe you would prefer staying in the city and enjoying the events that Spokane has to offer during the Summer. The Kendall Yards Night Market is hosted every Wednesday evening in the heart of Kendall Yards. From food to crafty vendors there are lots of fun items to shop. Another option for finding delicious fresh foods is the Thursday Market in the Spokane Perry District. Take a trip just 15 minutes north of Spokane to Green Bluff Farms where you can pick your own produce, flowers and herbs. You can also find outdoor movies and concerts at parks throughout the area like Riverfront Park, Liberty Lake’s Pavilion Park and Spokane Valley’s Mirabeau Point Park.</p> <p>There is bound to be activities that you can find for your whole family, significant other, or friends to enjoy during the Summer in Spokane and surrounding areas. We hope that this helped spur some ideas. For more information go to the helpful links below:</p> <p><a href="https://www.visitspokane.com/things-to-do/free-things-to-do/">https://www.visitspokane.com/things-to-do/free-things-to-do/</a></p> <p><a href="https://www.inlander.com/spokane/hikes-every-local-should-do/Content?oid=2499601">https://www.inlander.com/spokane/hikes-every-local-should-do/Content?oid=2499601</a></p> http://naiblackblog.com/2018/06/summer-fun-in-the-pnw/feed/ 0 219 2018-06-13 22:49 +00:00 2018-06-13 17:49 -05:00 http://naiblackblog.com/?p=208 http://naiblackblog.com/2018/06/why-digitally-native-brands-realize-brick-and-mortar-is-essential-for-success/ Commercial Real Estate brick-and-mortar commercial real estate e-commerce retail Why Digitally Native Brands Realize Brick-and-Mortar is Essential for Success The argument of whether or not online retailers are affecting the retail commercial real estate industry negatively or positively has been a popular topic over the recent years. It is very likely that you’ve read an article or blog post somewhere discussing that brick-and-mortar is dying and that e-commerce is the future of retail. Is [&#8230;] Fri, 01 Jun 2018 20:56:14 Z http://naiblackblog.com/2018/06/why-digitally-native-brands-realize-brick-and-mortar-is-essential-for-success/#respond NAIBlack-Blog <p>The argument of whether or not online retailers are affecting the retail commercial real estate industry negatively or positively has been a popular topic over the recent years. It is very likely that you’ve read an article or blog post somewhere discussing that brick-and-mortar is dying and that e-commerce is the future of retail. Is this true? Stephen Pohl of NAI Black recently attended ICSC RECon in Las Vegas among a few of our other brokers and listened to Michael Beckerman, Founder and CEO of the News Funnel, and Brendan Wallace, Co-Founder and Managing Partner of Fifth Wall Ventures speak about digitally native brands expanding to brick-and-mortar. Since 2012, the number of new stores being opened by digitally native brands has grown in excess of 100% annually. It seems as though brands that are trying to be strictly digital, still need a brick-and-mortar presence to be truly successful.</p> <p>Although it is true that e-commerce is rapidly growing right now, far more than brick-and-mortar, 90% of retail dollars are still being spent at brick-and-mortar stores. According to a U.S. Department of Commerce census, the total amount of retail dollars spent in the 1<sup>st</sup> quarter of 2018 compared to the 1<sup>st</sup> quarter of 2017 only increased by 4.5%. A recent census study also shows that retail sales for the 1st quarter of this year were at $1,306,692M and of that only $123,672M came from e-commerce sales. That is roughly 10% of American retail dollars being spent on e-commerce sales. The amount of money being spent at brick-and-mortar is still substantially more than e-commerce.</p> <p>On top of the fact that 90% of the American dollars spent on retail sales are still coming from brick-and-mortar sales, there are many other benefits to the physical shopping experience. It is still important to consumers that they are able to try on and experience products in person before purchasing. They want to know exactly how it looks, feels and functions. Being able to do this in person strengthens the trust between the brand and customer.</p> <p>Having a physical location can serve as great marketing. Location is everything. Good sites will help your brand. Google also prioritizes brands that have a physical location over brands that are purely digital. Having a physical address will increase your online visibility as well.</p> <p>Brick-and-mortar retail is not dead. Modernizing brick-and-mortar stores is the key to keeping them alive. The omni-channel approach to having a physical shopping experience that complements a digital one is a great way to bring success to a brand. There are still so many reasons to have a brick-and-mortar store. Purely digital brands are only beginning to realize that now.</p> http://naiblackblog.com/2018/06/why-digitally-native-brands-realize-brick-and-mortar-is-essential-for-success/feed/ 0 208 2018-06-01 20:56 +00:00 2018-06-01 15:56 -05:00 http://naiblackblog.com/?p=202 http://naiblackblog.com/2018/05/erik-steibel-nai-black-intern-spotlight/ People Spotlight Erik Steibel – NAI Black Intern Spotlight Erik Steibel graduated from Gonzage University in May of 2018. He chose to intern with NAI Black over his last year of college. He assisted us in the office with various administrative tasks and got to experience some of what it takes to work in the commercial real estate world hands-on. Erik was great to [&#8230;] Wed, 23 May 2018 20:49:34 Z http://naiblackblog.com/2018/05/erik-steibel-nai-black-intern-spotlight/#respond NAIBlack-Blog <p>Erik Steibel graduated from Gonzage University in May of 2018. He chose to intern with NAI Black over his last year of college. He assisted us in the office with various administrative tasks and got to experience some of what it takes to work in the commercial real estate world hands-on. Erik was great to have around the office and we appreciate all that he did for us and congratulate him for graduating this Spring. Here are a few of Erik&#8217;s thoughts on his time with NAI Black.</p> <p><strong>NAI Black: What is the most valuable thing that you have learned at NAI Black? </strong></p> <p>The most valuable thing I learned at NAI Black was in order to learn about real estate you have to ask questions and get as much hands on experience as you can.</p> <p><strong>What is y</strong><strong>our major? How have you applied/grown it through your internship? </strong></p> <p>My major is business administration with concentrations in Finance and Economics. I have applied my major through the internship by using finance to determine how much a property can generate the owner each year by finding your Net Present Value.</p> <p><strong>What is your favorite building in Spokane? </strong></p> <p>Corbin Art Center.</p> <p>We appreciate having you a part of our team Erik and we wish you the best of luck with all your future endeavors!</p> http://naiblackblog.com/2018/05/erik-steibel-nai-black-intern-spotlight/feed/ 0 202 2018-05-23 20:49 +00:00 2018-05-23 15:49 -05:00 http://naiblackblog.com/?p=194 http://naiblackblog.com/2018/05/nai-global-offices-uniting-to-pay-it-forward/ NAI Black Community Work NAI Global Offices Uniting to Pay it Forward In March, NAI Global announced a new philanthropic initiative, Paying it Forward, aimed at giving back to many causes throughout the year.  Each month NAI Global will be releasing a new cause to contribute to giving the opportunity to all NAI Offices to participate. Some will be simple acts of kindness and some will be opportunities [&#8230;] Thu, 03 May 2018 18:17:07 Z http://naiblackblog.com/2018/05/nai-global-offices-uniting-to-pay-it-forward/#respond NAIBlack-Blog <p>In March, NAI Global announced a new philanthropic initiative, Paying it Forward, aimed at giving back to many causes throughout the year.  Each month NAI Global will be releasing a new cause to contribute to giving the opportunity to all NAI Offices to participate. Some will be simple acts of kindness and some will be opportunities to support organizations with donations.</p> <p>For the inaugural March campaign, NAI Global and its offices collected cards to send to the children at St. Jude Children&#8217;s Research Hospital. NAI Offices collected and sent over 300 cards to the children at St. Jude along with donations totaling more than $1,500!  The cards included personal messages of love, hope and encouragement to the children and their families.</p> <p>NAI Black was proud to be apart of this campaign. Our administrative team put together cards with lots of stickers in them to send to all of the children. We hope that this movement will inspire others to get involved with St. Jude Children&#8217;s Research Hospital in any way that they can. <img data-attachment-id="197" data-permalink="http://naiblackblog.com/2018/05/nai-global-offices-uniting-to-pay-it-forward/cards-and-stickers/" data-orig-file="https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/05/Cards-and-Stickers.jpg?fit=1000%2C750" data-orig-size="1000,750" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="Cards and Stickers" data-image-description="" data-medium-file="https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/05/Cards-and-Stickers.jpg?fit=300%2C225" data-large-file="https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/05/Cards-and-Stickers.jpg?fit=1000%2C750" class="aligncenter size-full wp-image-197" src="https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/05/Cards-and-Stickers.jpg?resize=1000%2C750" alt="" width="1000" height="750" srcset="https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/05/Cards-and-Stickers.jpg?resize=200%2C150 200w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/05/Cards-and-Stickers.jpg?resize=300%2C225 300w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/05/Cards-and-Stickers.jpg?resize=400%2C300 400w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/05/Cards-and-Stickers.jpg?resize=600%2C450 600w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/05/Cards-and-Stickers.jpg?resize=768%2C576 768w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/05/Cards-and-Stickers.jpg?resize=800%2C600 800w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/05/Cards-and-Stickers.jpg?fit=1000%2C750 1000w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1" /></p> http://naiblackblog.com/2018/05/nai-global-offices-uniting-to-pay-it-forward/feed/ 0 194 2018-05-03 18:17 +00:00 2018-05-03 13:17 -05:00 http://naiblackblog.com/?p=191 http://naiblackblog.com/2018/04/spokane-sports-commission-spokane-public-facilities-district-propose-a-regional-sportsplex/ Spokane Business News Spokane Sports Commission & Spokane Public Facilities District Propose a Regional Sportsplex Spokane continues to be the recipient of many positive new development projects adding to its vibrancy as a growing community. For all of you sports fans out there, this one’s for you. Spokane has been fortunate to host NCAA tournaments, hockey games and figure skating competitions.  In the future Spokane may be able to host [&#8230;] Thu, 26 Apr 2018 16:22:13 Z http://naiblackblog.com/2018/04/spokane-sports-commission-spokane-public-facilities-district-propose-a-regional-sportsplex/#respond NAIBlack-Blog <p>Spokane continues to be the recipient of many positive new development projects adding to its vibrancy as a growing community. For all of you sports fans out there, this one’s for you. Spokane has been fortunate to host NCAA tournaments, hockey games and figure skating competitions.  In the future Spokane may be able to host a variety of additional sporting events that we did not have the facilities to accommodate in years past.</p> <p>Spokane Sports Commission and Spokane Public Facilities District have created the concept of a Spokane Regional Sportsplex.  This 180,000 square foot sports facility is planned for the North Bank of the Spokane River in Downtown Spokane, creating a natural expansion of Riverfront Park.  The addition of this high-quality sports facility will create opportunities for Spokane to host many new exciting events for our region.</p> <p>According to a study completed by Gonzaga University and the Sports Facility Advisory this new facility could bring in around 18-23,000 additional out of town visitors, 26-46,000 additional hotel stays, $19-33,000,000 in additional tourism spending dollars and $1-1.700,000 in increased general tax revenues per year! The facility would also create job opportunities throughout the construction phase as well as full-time employment once the facility opens.</p> <p>The Spokane Regional Sportsplex will have a multi-purpose field house with a 200-meter, 6-lane hydraulic banked track, fit up to 17 volleyball courts, hold up to 10 basketball courts, and fit up to 21 wrestling mats.  It will also have an icehouse with an NHL sized ice sheet inside.</p> <p>The facility will be owned and operated by Spokane Public Facilities District. The Spokane Sports Commission will be responsible for sales, marketing and scheduling events in the facility. According to the Sports Facilities Advisory the estimated cost of the project $42 million.  Architectural renderings of the proposed Sportsplex should be available by the end of 2018.</p> <p>Information courtesy of <a href="http://www.spokanesportsplex.org">www.spokanesportsplex.org</a>.</p> http://naiblackblog.com/2018/04/spokane-sports-commission-spokane-public-facilities-district-propose-a-regional-sportsplex/feed/ 0 191 2018-04-26 16:22 +00:00 2018-04-26 11:22 -05:00 http://naiblackblog.com/?p=187 http://naiblackblog.com/2018/04/brent-johnson-joins-nai-blacks-commercial-brokerage-team/ Commercial Real Estate Brent Johnson joins NAI Black’s Commercial Brokerage team! NAI Black Spokane&#8217;s leading commercial real estate company is proud to announce that Brent Johnson is now a licensed commercial real estate broker on the NAI Black brokerage team.  Brent’s background in commercial construction with McCloskey Construction provides him with a valuable foundation for a career in commercial real estate. Brent will apply his commercial [&#8230;] Fri, 13 Apr 2018 09:36:50 Z http://naiblackblog.com/2018/04/brent-johnson-joins-nai-blacks-commercial-brokerage-team/#respond NAIBlack-Blog <p>NAI Black Spokane&#8217;s leading commercial real estate company is proud to announce that Brent Johnson is now a licensed commercial real estate broker on the NAI Black brokerage team.  Brent’s background in commercial construction with McCloskey Construction provides him with a valuable foundation for a career in commercial real estate. Brent will apply his commercial construction background to assist his clients in the acquisition and disposition of commercial real estate. His primary focus will be on the office and the multi-family segments of the commercial real estate market. With the support and expertise of the whole NAI Black team Brent will be able to assist his clients with a broad range of commercial real estate services.</p> <p>Brent is a native of Spokane Washington, only leaving to study business in Iowa where he attended Waldorf College. When he is not working he enjoys all of the close proximity outdoor activities the Pacific Northwest has to offer. He is recently married to Stephanie Johnson and they are expecting their first baby girl!</p> <p>Brent is eager to talk to you about your commercial real estate needs.  If you need to grow your business, improve your location, sell or lease your property give Brent a call. Brent can also assist you in considering real estate investment options. He will also be working closely with his father Jeff Johnson and McCloskey Construction Inc. as they continue developing projects. Please contact Brent with any of your needs:</p> <p>Email-<a href="mailto:brent.johnson@naiblack.com">brent.johnson@naiblack.com</a></p> <p>Cell-(509) 850-5010</p> <p>Office-(509) 622-3573</p> <p>&nbsp;</p> <p>&nbsp;</p> http://naiblackblog.com/2018/04/brent-johnson-joins-nai-blacks-commercial-brokerage-team/feed/ 0 187 2018-04-13 09:36 +00:00 2018-04-13 04:36 -05:00 http://naiblackblog.com/?p=183 http://naiblackblog.com/2018/04/meet-ryan-yetter-new-site-manager/ People Spotlight Apartments employee property management real estate spokane washington Meet Ryan Yetter – New Site Manager NAI Black is pleased to introduce our new site manager of the Salnave Glen Apartments in Cheney, WA, Ryan Yetter. Ryan will be handling all of the leasing information for the apartments and will be a great new addition to our team. Here are some fun facts about him. Where did you grow up? Stockton, [&#8230;] Wed, 04 Apr 2018 21:56:51 Z http://naiblackblog.com/2018/04/meet-ryan-yetter-new-site-manager/#respond NAIBlack-Blog <p>NAI Black is pleased to introduce our new site manager of the Salnave Glen Apartments in Cheney, WA, Ryan Yetter. Ryan will be handling all of the leasing information for the apartments and will be a great new addition to our team. Here are some fun facts about him.</p> <p>Where did you grow up?<br /> Stockton, CA</p> <p>Why did you want to work for NAI Black?<br /> NAI Black is a large real estate company with a large inventory that ranges from commercial to residential. I&#8217;d like to one day own property to lease out to people so why not learn from the best, right? (Thanks Ryan!)</p> <p>What are your hobbies outside of work?<br /> Being in the great PNW I like to fish, hike, canoe, camp, bike and just explore. I&#8217;m also into the aquarium hobby.</p> <p>What is your favorite part about working in Property Mangement?<br /> The people are my favorite part about working in this field and the work itself. No day is going to be the same, just like no person is going to be the same. Each day is going to require a certain amount of attention to detail depending on what you&#8217;re doing and the same goes for tenants and prospects, everyone needs a different amount of attention. Plus I&#8217;m a people person so being able to interact with different people everyday is nice and being able to get outside every once in a while is nice too.</p> <p>The Salnave Glen Apartments are located at 1048 W. 1st Street in Cheney, WA right next to Salnave Park. For leasing information contact Ryan at salnave@naiblack.com, or call 509-844-2710.</p> <p><a href="http://www.cheneyapartments.com/">http://www.cheneyapartments.com/</a></p> http://naiblackblog.com/2018/04/meet-ryan-yetter-new-site-manager/feed/ 0 183 2018-04-04 21:56 +00:00 2018-04-04 16:56 -05:00 http://naiblackblog.com/?p=176 http://naiblackblog.com/2018/04/jeff-k-johnson-elected-to-serve-as-cba-board-chair/ Commercial Real Estate Jeff K. Johnson – Elected to Serve as CBA Board Chair Jeff K. Johnson, SIOR, CCIM, President of Black Commercial Inc. has been elected to serve as the Board Chair of the Commercial Brokers Association of Washington (CBA).  CBA is a 4,000 member owned cooperative that provides commercial multiple listing services, education, arbitration and networking to its members. The Commercial Brokers Association (CBA) is a member [&#8230;] Mon, 02 Apr 2018 21:10:39 Z http://naiblackblog.com/2018/04/jeff-k-johnson-elected-to-serve-as-cba-board-chair/#comments NAIBlack-Blog <p>Jeff K. Johnson, SIOR, CCIM, President of Black Commercial Inc. has been elected to serve as the Board Chair of the Commercial Brokers Association of Washington (CBA).  CBA is a 4,000 member owned cooperative that provides commercial multiple listing services, education, arbitration and networking to its members.</p> <p><em>The Commercial Brokers Association (CBA) is a member owned cooperative which has provided commercial multiple listing services to its members since 1977. Members share a philosophy of ongoing communication and cooperation and are represented by a voluntary Board of Directors that includes owners, managers and brokers of both sole proprietorships and local branches of multinational corporations. CBA remains committed to its original mission: to provide members with current commercial listing information, and help increase their productivity.</em></p> <p><em>Currently CBA has over 1,080 member offices with more than 4,160 commercial real estate agents, plus 160 associate member offices participating in our commercial multiple listing organization which serves the Northwest. There are over 3,200 active exclusive commercial/investment listings, valued at over $6 Billion Dollars plus more than 4,000 listings with over 60 Million Sq. Ft. for Lease. Although members can submit listings for properties located anywhere in the world, the primary area of service has been Washington state. In addition to the exclusively listed properties in our system, CBA&#8217;s Research staff gathers information on all available office, industrial and retail space in buildings over 10,000sf in King, Pierce, Snohomish and Spokane Counties. CBA continues to grow in size and effectiveness helping its members increase their productivity. By co-brokering through CBA you can better serve clients and create more sales, leases, and commission income.</em></p> <p>&nbsp;</p> http://naiblackblog.com/2018/04/jeff-k-johnson-elected-to-serve-as-cba-board-chair/feed/ 1 176 2018-04-02 21:10 +00:00 2018-04-02 16:10 -05:00 http://naiblackblog.com/?p=170 http://naiblackblog.com/2018/03/10-things-to-consider-before-hiring-a-property-manager/ Property Management 10 Things to Consider Before Hiring a Property Manager Property Managers can be incredibly helpful, but are also a luxury that many landlords simply cannot afford. It’s true, thousands of Landlords manage their properties with very little effort – and have set up their rental businesses to run on autopilot. The trick to being an independent landlord is to first establish the proper processes, leverage available tools and resources, and [&#8230;] Mon, 19 Mar 2018 04:50:19 Z http://naiblackblog.com/2018/03/10-things-to-consider-before-hiring-a-property-manager/#respond NAIBlack-Blog <p>Property Managers can be incredibly helpful, but are also a luxury that many landlords simply cannot afford.</p> <p>It’s true, thousands of Landlords manage their properties with very little effort – and have set up their rental businesses to run on autopilot.</p> <p>The trick to being an independent landlord is to first establish the proper processes, leverage available tools and resources, and build multiple rental form templates for use, over and over again.</p> <p>NAI Black, licensed as Black Realty Management, Inc., is a regional leader in property, facilities, asset, and common interest association management services and related disciplines with nearly five decades of comprehensive and results-oriented service to private, public, non-profit, and institutional clients. We are the only Spokane and Inland Northwest-based AMO®.</p> <p>Our property management services are tailored to each client’s unique needs and expectations and are delivered with a strong asset management perspective and responsiveness at all levels of service. We pride ourselves in the relationships we build with clients, tenants, vendors, and other interested parties. This commitment to customer relations is illustrated in the volume of clients who have been with us for a decade or longer.</p> <h2>10 Things to Consider before Hiring a Manager:</h2> <ol> <li> <h3>How many properties or rental units you own?</h3> <p>Most newbie landlords can handle 1 or 2 units on their own.  However, when you start to deal with 5-10+ properties and dozens of tenants, you should consider turning some of them over to a professional – especially if you have a separate full-time job.</li> <li> <h3>How far away do you live from your properties?</h3> <p>If you live over 50 miles away and have more than 2 units, you should consider talking to a local Property Manager who operates in a closer proximity to your rental property. If you do choose to be a long-distance landlord, you should create a list of favorite vendors that you can call upon in an emergency.</li> <li> <h3>Are you detailed?</h3> <p>Perhaps property management does not interest you, or you are not detail oriented.  If you are not an organized person, then you should consider giving the responsibility to a professional.</li> <li> <h3>Do you have the necessary KSA’s (knowledge, skills, or abilities)</h3> <p>If you have no idea what you are doing, and don’t want to learn, then don’t try to do it yourself.  However, if you don’t mind the adventure, you can study websites like Landlordology.com to learn the art of landlording.</li> <li> <h3>How busy are you?</h3> <p>Perhaps you are already super busy and can’t dedicate 2-10 hours a month for your properties.  Unless you have dozens of tenants, I believe most landlords can find time to handle it (if they want too).</li> <li> <h3>Can you afford a property manager?</h3> <p>A typical property manager takes 1 month’s rent as their flat fee. Others take a monthly cut of 4-10% of the rental income.  For some of my properties, I would be loosing money every month if I hired a property manager.  But for other properties, I have more than enough rental surplus to pay for a manager.  I think a great property manager with a heart of a teacher, is worth his/her weight in gold.</li> <li> <h3>Are you struggling to fill your vacancies and don’t know why?</h3> <p>If you feel like your property is vacant too often, then perhaps you need help with your marketing.  If you aren’t sure what else you can do, then consider hiring a manager because they often have tried-and-true marketing techniques – albeit it’s no guarantee.</li> <li> <h3>Do you have a service-oriented personality?</h3> <p>If you are not a “service” person, and are often bittered by regular maintenance calls from tenants, then you probably should take the role of silent investor, and leave the management to someone else.</li> <li> <h3>Do you mind working with contractors?</h3> <p>Contractors are often needed to maintain the property.  If you don’t feel comfortable researching, hiring, and double-checking their work, then you should probably hire a manager.</li> <li> <h3>Is your property subject to complex ordinances or an affordable housing program?</h3> <p>Many state and local laws are overly complex and require you to obtain extra certifications and take classes.  If your property is subject to an affordable housing program, a (legitimate) property manager will ensure that you don’t break any rules.  However, if a manager does get into legal trouble, you are still responsible as the home owner, and can be held liable.</li> </ol> http://naiblackblog.com/2018/03/10-things-to-consider-before-hiring-a-property-manager/feed/ 0 170 2018-03-19 04:50 +00:00 2018-03-18 23:50 -05:00 http://naiblackblog.com/?p=173 http://naiblackblog.com/2018/03/nai-black-to-market-and-lease-the-renovated-wonder-building/ Commercial Real Estate NAI Black to Market and Lease the Renovated Wonder Building NAI Black is set to market and lease the newly renovated Wonder Building. Built in 1909 the Wonder Building made Wonder bread and Hostess products up until the year 2000. A group of investors purchased the building and have invested $12 million in the renovation. The re-development of Kendall Yards to the west was an [&#8230;] Fri, 16 Mar 2018 07:10:51 Z http://naiblackblog.com/2018/03/nai-black-to-market-and-lease-the-renovated-wonder-building/#respond NAIBlack-Blog <p>NAI Black is set to market and lease the newly renovated Wonder Building. Built in 1909 the Wonder Building made Wonder bread and Hostess products up until the year 2000. A group of investors purchased the building and have invested $12 million in the renovation.</p> <p>The re-development of Kendall Yards to the west was an incentive for Wonder LLC to buy the parcel, says investor Pete Mounsey. The investors were also excited about the multi-million renovation of Riverfront Park.</p> <p>“The economy in Spokane seems to be strong and improving,” Mounsey said. “Businesses want to be close to downtown. …It seemed like a logical place for investment.”</p> <p>The new Wonder project features three full stories and a large basement for office users. A total of 100,000 square feet of new space is geared towards growing creative companies. The space will offer high ceilings, abundant natural light and will be unique as it&#8217;s a historic over 100 year old building. Plentiful parking will be provided on site and the building will be topped by a rooftop deck featuring views of Riverfront Park and Downtown Spokane.</p> <p>“We hope it becomes an iconic landmark for the city and for the north side of the river,” said Pete Mounsey, one of the partners in Wonder LLC.</p> <p>For information on leasing space contact NAI Black at Phone: 509-623-1000</p> http://naiblackblog.com/2018/03/nai-black-to-market-and-lease-the-renovated-wonder-building/feed/ 0 173 2018-03-16 07:10 +00:00 2018-03-16 02:10 -05:00