Happy Anniversary Seecon Management
Wednesday, 05 August 2015 22:36

August 2015 sees Seecon Management at the beginning of its 6th year of business.  We have currently reached a vacancy rate of under 10% with many of our tenants being with us for over five years or more.  Over the last few years we have given the Commerce Street, Van Buren, and Ave 45 properties a new and updated look.  We have also recoated the roofs and done asphalt maintenance on many of the Seecon buildings.  This upcoming year we are continuing with a new look for Las Adelfas on Hwy 111 as well as selling some of our fully leased office and retail properties.  This past year has seen the sale of 3 of our office buildings at Commerce Center and while there is a change of ownership Seecon has been retained as the property management.

 
Van Buren Gets a Facelift
Wednesday, 27 June 2012 15:00

As you all know we did a major facelift to the 45-116 Commerce St. property last year with painting the building and it definitely makes a difference.  The feedback locally has been so good in fact we are ONE UNIT away from filling the building.  Yes we do have a 1570 sq ft office space left and after that we will be FULL.  With such great results we have decided to redo another property this year and the winner was …. 45-435 VAN BUREN.  We went with the Dunn Edwards Mesa Tan like the Commerce St. building but we decided on Northern Territory for a darker accent.  Now on this property we only have the 2 larger units left so if you have a need for 4000 sq ft or more this would be great for you.  We have or painter Robert Janopolous working tirelessly to complete all 3 of the buildings and look at the results.  If we fill this property in the next few months I think we might need to pick another property for painting in 2013!!!

 
5 Things That Shape How We Do Business In Real Estate
Wednesday, 27 June 2012 14:56

 

Wow, half a year almost done.  Commercial real estate has taken a beating over the last few years and some say it is not over.  I have to say I picked the most brutal time to start a career in real estate and looking back on the last few years I have learned a few things that shape how I do business and I would like to share them.

  1. There is little risk in adapting quickly to your current situation, however the cost for adapting slowly can be tragic.  We (seecon) should have adapted to current pricing quicker in 2010 and if we had we would not have gone down to 66% full.  Never assume good times are around the corner, adapt to what you see now.
  2. There are times when all the help you can give to your tenants will never be enough.  Seecon has modified many of their long term leases over the last few years and in some cases it has helped but in many cases it just brought a slow death to the business.  The Landlord as business partner becomes a bad situation for both parties.
  3. Be up front with ALL rental costs, anything else is a waste of everybody’s time.   Not mentioning additional feesmay get more prospects in the door but it won’t get the contract signed.  For anyone looking at renting if you are not told up front what your too pay each month look closely at what else they might not be telling you.
  4. That brings me to contracts.  Over the last few years I have seen some interesting ones and I will say the best I have seen have been made by mortgage lenders and the worst were made by banks that had taken a property back.  A  contract protects both parties and as such any rental contract needs to reflect that. For you Landlords, never assume you know the content of the contract even if you wrote it and dozens like it, double check it when a situation comes up.  I recently reviewed a contract for a friend of mine and he had been told he was on a modified gross lease by his landlord and after I reviewed it I let him know he was on a gross lease and had been paying for things he shouldn’t have.  That leads me to another point for prospective tenants, I always recommend taking the lease (even mine) to a 3rd party for review.
  5. The attitude and energy you bring to a situation will always effect the outcome, even if it is only by how the outcome is perceived.   OK, I learned that one from my wife.

Now with what I have learned this is what I KNOW.  December saw 12,000 sq ft of our property rented, January saw 13,000, sq ft rented, and February saw 12,000 sq ft rented and ALL of these were new tenants.  March saw a slow down in new tenants but over 18,000 sq ft of our current tenants renewed, most at higher rates and for longer terms.  As we get into the hot months which are traditionally slower we are still seeing significantly more activity than last year.  I am at 83% full and am fast running out of ready to move in space.  The better times are here NOW.  Prospective tenants get your deals now and make them long term if you can.  Landlords, real estate agents, and brokers if you are not seeing an increase in activity check your marketing, check your pricing, but most of all check your ATTITUDE.

Rodney Chalmers,
Seecon Property Manager

 
New Commercial Property Tour of Golfcenter Business Park
Tuesday, 02 August 2011 20:35

We have been working on collecting some images for our different properties and have put them together in the movie below:

 
Chamber of Commerce Benefits for a Property Manager
Wednesday, 20 July 2011 17:36

Your local Chamber of Commerce can be a very big benefit to you as a property manager. Take it from me. Recently, I passed the gavel along after a year’s worth of service as Chairman of the Board for the Indio Chamber of Commerce. Now that my service has passed, Ihave some perspective and can reflect on the benefits of not only my time as a board member and Chairman, but on my very early membership.

I started with the Indio Chamber to get involved with the local Government Affairs Committee. From a Real Estate and Property Management point of view, knowing what legislation is coming down the pipe and how it will affect your tenants business (and subsequently yours) is invaluable. After about a year in that committee I ran for a vacant board position and became a board member. I attended the meetings, mixers, and helped with fundraising doing all I could to be an active participant in Chamber activities. Doing so really helped me gain great contacts with the city, utility companies, and other business people throughout the valley.

After interacting more with other Chambers, I know I have been extremely lucky to have been involved in an organization with active members who care about the community. Some Chambers are more politically involved than others and some do not work as closely with the city they are a part of. However, by simple virtue of the fact that Chamber meetings serve as a place for local business people to meet each other, attending these meetings can help your business grow. Specifically, as a Property Manager, I have found that my relationship with the city has improved dramatically through close contact with officials active in the Chamber.

As a Property Manager, should you join the local Chamber of Commerce? The answer is simple; Absolutely! If your day job is to find businesses to lease your commercial space to why would you not belong to the Chamber of Commerce that your buildings are in? Their job is to bring business to the city, your job is to bring businesses to specific addresses in the city, it’s a perfect match. So Property Managers get out there and get involved with your local Chamber, you will not regret the time spent and the contacts made.

Rodney Chalmers
Immediate Past Chairman
Indio Chamber of Commerce

 
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