How to secure a better deal leasing or buying a commercial property: Vicki Likoudis from True North Buyer's Advocate

@Michael Kerr speaks with @Vicki Likoudis from True North Buyers Advocates about the opportunities for tenants and buyers in favorable commercial property market cycle. Vicki sees the opportunity being available for another 6-9 months.

They discuss how small business owners can take advantage of this cycle to negotiate a better lease or acquire a commercial property.

It's a tenant's market right now, making negotiation crucial.

Vicki shares her extensive background in small business and her role as a buyer's advocate, emphasizing the importance of understanding the market cycle, negotiation strategies, and the emotional aspects of property acquisition. 

They discuss;

• How buying advocacy can help clients navigate property purchases and leases.
• The challenges and opportunities presented by the current market conditions
• The significance of community ownership
• Why Commercial property can be emotional for business owners.
• Government support is needed for small business funding and mental health
• Negotiation strategies can lead to significant savings for tenants

Chapters

00:00 Introduction to Commercial Property Opportunities

01:01 Vicki's Background in Small Business

04:51 Understanding the Role of a Buyer's Advocate

08:13 Current Market Cycle for Commercial Property

11:10 Navigating Vacant Commercial Properties

13:59 Exploring Off-Market Opportunities

15:28 Consultative Approach to Property Acquisition

18:29 Benefits of Buying vs. Leasing Commercial Property

20:57 Landlord-Tenant Relationships and Negotiations

22:21 Negotiating Commercial Leases: A Win-Win Approach

25:09 Regional vs. Metro: Understanding Property Dynamics

28:06 Community Ownership: A New Model for Local Businesses

31:03 The Challenges of Community-Driven Business Models

33:33 The Importance of Local Businesses in Regional Economies

37:13 Government Support for Small Businesses: A Call to Action

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Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.

michael.kerr@kerrcapital.com.au

www.ownertoownerpodcast.com.au