I want the advisors I engage to challenge me

I started writing my blog to increase my social media footprint. While it has helped, it’s no longer my purpose.

Rather, I now enjoy expressing my thoughts on issues that pop up in my week. It’s usually something that has happened that inspires me to write about a topic…here’s what’s on my mind.

I want to work with a professional, whether it may be financial, medical or technical, that’s prepared to, at times, tell me what I need to hear.

If I am working with an individual or firm that is always selling me and/or agreeing with my line of thinking, I’m inclined to move on.

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Are government employees sicker than the rest of us?

Too sick for work can be a subjective term.

I must admit I’ve pushed the limits and found myself exiled from the office on more than one occasion for coming to work when I should legitimately be at home.

I would say my average yearly sick days would even out around 3 or 4 maybe.

Which puts me well below recent statistics that say government employees are averaging in at 12.2 days lost per year.

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When time is not on your side

A focus on deal timelines are a necessary evil in our commercial real estate world.

They are the thread that binds conditional lease and sale transactions.

But what happens when issues arise beyond your control that negate those agreed upon timelines?

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Could a long-term national lease devalue your commercial real estate?

We were recently called in to value and market a single tenant property with an existing lease in place. The tenant had been granted an option to renew during their last renewal negotiation.

I informed the owner that we would have been able to achieve a higher price if we were able to go to the market as a vacant property.

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3 ways to make sure you DON’T lease up a vacancy

Oh sure, everyone has ideas about how to get a space leased up.

But when is the last time someone made a list about how not to get a space filled?

Wait no more, landlords, I have a list as such for you.

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What to know before you buy a business

There are important elements to consider when reviewing a business with the intent to purchase.

Taking the time complete a thorough investigation is critical to discover the hidden facts.

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Sage advice for the entrepreneur

As I looked into the eyes of a classroom of entrepreneurs last week I wondered what wisdom I could impart.

My first thought was, good on you. You’ve found a passion and you want to share it with the world!

My secondary thought was, awesome, here comes a commercial real estate agent ready to deflate all your hopes and dreams.

I jest.

But I have heard this comment before, so let’s get it out in the open and have a chat about it.

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When not to buy commercial real estate

There are times when it is not wise to invest in commercial real estate.

Alternatively, many potential investors don’t take the plunge out of fear of the unknown and years later regret it.

Let’s look at some examples of when you’d be advised not to purchase.

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Saskatchewan commercial property taxes below average

I thought twice about writing this post!

Does it risk raising the question with the city administrators: are our Saskatoon and Regina commercial property taxes too low?

Or… does it showcase just one more of the many benefits of setting up shop in one of our two major Saskatchewan cities?

In an earlier post I referenced the 2018 Canadian Property Tax Rate Benchmark Report released by Altus Group, and supporting partner REALPAC with a focus on the commercial to residential tax ratio.

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What if the shoe doesn’t fit?

The rules are the rules, whether we like them or not.

Nowhere is this truer than as it applies to municipal zoning.

I find clients can easily get discouraged in property searches when they discover where their business is, and is not welcome, as determined by the local zoning bylaw.

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