We are very proud to count the Vancouver BC office of CBRE as our latest training client. We are propelling the prosperity of their newer agents by offering a series of ‘Lunch and Learn’ micro-training events this month.
This training focuses on technical aspects of getting the business, commercial leasing processes and investment sales.
We really enjoy their enthusiasm and eagerness to become the best at what they do! We are definitely getting them off on the right foot.
We are honoured to announce that Royal LePage, Canada’s largest real estate brokerage by number of agents, is our latest commercial real estate training client. In addition, Royal LePage agents will be offering their commercial tenant clients our unique tenant focused lease advisory services.
Look for additional details coming soon.
The Greenstead Consulting Group secured a contract to provide unique lease management services for three retail service businesses including franchisees of Anytime Fitness, and Waxing the City; and the corporate locations of Basecamp Fitness.
According to the Greenstead Consulting Group CEO, Peter D. Morris, this is a comprehensive lease advisory and management service that accessed by the system’s franchisees across the USA and Canada.
“Our Outsourced, In-house Real Estate ServicesTM provide independent business people with the same quality of service as one would find in a large real estate department of an international chain,” said Morris. “Clients, of all sizes, understand that managing their real estate is not a lease transaction every few years. It is a major part of their business that needs to be properly planned, implemented and monitored on a continual basis. To our clients, we are their in-house real estate department.”
Morris noted that a tenant’s lease obligation is typically one of the top three expenses a company incurs; yet most entrepreneurs don’t have real estate expertise, and that was the reason he created the service based on his three decades in the industry.
The unique service model Morris developed allows independent tenants and small chains to obtain a bundle of services on both a subscription and a la carte basis. For example, Greenstead Consulting Group will manage ongoing lease commitments such as exercising a renewal option for a small annual fee; while handling infrequent larger issues, such as a tenant relocation negotiation, lease assignments or estoppel verification, on an hourly basis as the need arises.
According to Morris real estate is a function that allows the businessperson to conduct their business, but he noted that real estate is the business of the tenant’s landlord. Morris fervently believes all tenants should proactively manage their leases in order to save money and reduce risk. He states that his service provides that management while allowing the entrepreneur to focus on their business.
“The Anytime Fitness and Waxing the City franchisors recognized that they could provide enhanced services to their franchisees, who are typically the tenant on the lease,” said Morris. As a result, the Greenstead Consulting Group will be a preferred provider of the lease advisory and management services.
For details go to CRELeasePros.com
We are moving offices effective July 4, 2018
Our new address is #116, 9072 Fleetwood Way, Surrey, BC V3R oM6
Our new phone number is: 604-839-4479
The new phone number is effective immediately.
Our email addresses remain the same.
Peter D. Morris, CEO of the commercial real estate advisory firm Greenstead Consulting Group announced today an affiliation with the Bespoke REA partnership team based in San Francisco, USA.
“We are very excited and proud to start this association with Bespoke Real Estate Advisors,” said Greenstead Founder and CEO Peter D. Morris. “They share our commitment to performance for our customers with a wide range of services, conducted by people who are passionate about creating client centric and sustainable results. Our existing clients will benefit from the knowledge and reach of the Bespoke network. We also believe our unique and complementary services and structure will benefit all Bespoke clients.”
“With significant investment and occupier focus transcending the border between our two countries, Canada is integral to our global coverage,” said Bespoke Real Estate Advisors Founder and CEO Robert Bagguley. “From the moment Ed Wlodarczyk (Bespoke Founding Team Partner and COO) made the introduction, it was clear that the Greenstead model and Peter’s stellar reputation were in perfect alignment with Bespoke and our goal of providing uniquely customized, high-level real estate solutions. The partnership with Greenstead will ensure quality and enhance our footprint as we continue to grow and expand our presence in Canada.”
For more information about Bespoke Real Estate Advisors, visit www.bespokerea.com.
The Greenstead Consulting Group secured a contract to provide lease audit services for the corporate stores of Anytime Fitness, a franchised fitness business headquartered in Minnesota, USA.
According to the CEO of Greenstead Consulting Group, Peter D. Morris, this is part of a comprehensive lease management service that will be extended to the system’s franchisees across North America.
“Our Leasehold Advisory real estate service provides occupier/tenant, independent business people with the same quality of service as one would find in a large real estate department of an international chain,” said Morris. “Tenants, of all sizes, now understand that managing their real estate is not a lease transaction every 3-5 years. It is a major part of their business, and that needs to be properly planned, implemented and monitored on a continual basis between those transactions. We act as their in-house real estate department.”
Morris noted that a tenant’s lease obligation is typically one of the top three expenses a company incurs; yet most entrepreneurs don’t have real estate expertise. That was the reason he created the service, based on his three decades in the industry.
The unique service model Morris developed allows independent tenants and small chains to obtain a bundle of services on a subscription and a la carte basis. For example, Greenstead Consulting Group will manage ongoing lease management services for a small annual fee; while handling infrequent larger issues, such as a tenant relocation negotiation, or estoppel verification, on an hourly basis, and as the need arises. This saves our clients money and provides a great return on their investment.
Real estate is only a function, or a component, of the entrepreneur’s business that allows the businessperson to conduct their business, whatever business that may be. But he noted that the landlord’s business is only leasing real estate. Morris fervently believes all tenants should proactively manage their leases in order to save money and reduce risk. “This is a very cost effective way to accomplish that”, he said during the interview.
“The Anytime Fitness franchisor recognized that they could provide enhanced services to their franchisees, who are typically the tenant on the lease,” said Morris. The franchisor already provides brokerage services, whereas Morris’ firm fills in all the other areas related to the franchisee’s real estate.
The lease audit service Morris’ company is providing to the corporate locations reviews the landlord’s billings to the tenant against the provisions of the lease. Greenstead Consulting Group then discusses the review with the landlord and seeks a refund, if a billing error is found. There is no downside risk to the client since lease audit service fees are contingency based; meaning the client doesn’t pay unless an error is found.
It is one component of the Leasehold Advisory service package offered by Greenstead Consulting Group.
To learn more about the services we can provide tenants with even just one location CONTACT US.
We are very proud to now be associated with the Medicine Hat Real Estate Board. This small board has contracted with Greenstead Consulting Group to present a number of commercial real estate courses in 2018. In order to keep the client’s budget restrictions in mind we have developed two types of courses:
- A series of six or seven, one-hour daily webinars held consecutively (Monday to Friday) to cover longer courses such as the Masterguide to Leasing program; and
- short one-hour webinar courses, such as the Masterguide to Writing a Leasing Letter of Intent.
By using a webinar format the Medicine Hat Real Estate Board saves on the travel, accommodation and meal expenses typically associated with an in-person training event. It also makes participation in the courses very affordable for their members.
During the series courses, participants have email access to the instructor during the run of the course schedule to ask questions and obtain clarifications. This creates an intimate Q&A session between the instructor and each participant, where the participant doesn’t feel embarrassed by asking their question. This is a common participant concern when they are in front of peers during an in-person event.
Participants receive email access to the instructor for the first 12 hours after the short, one-hour webinars for an individual Q&A session.
Members of the Medicine Hat Real Estate Board will register with the board directly for the courses they wish to take, and pay the Board their registration fee. The Board retains a portion of the registration fee for their promotion of the courses and the administration of the registration process.
The Board has no other costs as all other logistical costs, such as the webinar hosting, are borne by the Greenstead Consulting Group.
Please CONTACT US if you would like to learn how we can create a similar program for your Real Estate Board or Association.
We are very pleased to announce another new training client: the Fraser Valley Real Estate Board. We have scheduled commercial real estate classes each month March through May 2018.
We still have openings for additional training in 2018 whether you want more business or want to construct better deals.
Dane Eitel of Eitel Insights published a new market analysis report for Realtors, lenders and developers today that predicts the average price of single family detached houses in Greater Vancouver will fall more than 20% from the previous high, according to the Greenstead Consulting Group, Eitel’s marketing partner.
“Until now real estate professionals only had the ability see what happened with real estate prices in the past”, said Peter Morris of the Greenstead Consulting Group. The new report, called S.M.A.R.T. InsightTM, uses interpreted technical analysis and advanced charting to give insights into what the Greater Vancouver market is most likely going to do in the coming months and years. S.M.A.R.T. is an acronym for Specific Market Analysis of Residential Trends.
Eitel said; “This is not a new version of the same old data, but a completely different and useful analysis using methods that have been proven reliable for the past 112 years.” The charts included in the report visually demonstrate the real estate market tops and bottoms in sales pricing along with the trend lines for home prices throughout Greater Vancouver.
According to Eitel the technical charting analyzes data from 1977 to today. “Every single time the prices or sales numbers break the trend there is a predictable response from the market,” Eitel noted. He stated that his trend report indicates a price decrease because of that response, the extent of the average price decrease, when prices will most likely bottom out and then start climbing again. His research indicates that once the market has regained its losses it inevitably reaches a new high and starts the cycle again. “Unfortunately, it will be several years before prices bottom out and regain their anticipated losses, and more years yet before a new high is reached,” he stated.
Eitel cites the 2008- 2009 housing recession as an example of how those involved in real estate can use these reports, noting that the peak and bottom prices and the subsequent rebound were predictable. The top line of the trend was broken a few times, with the sale prices six and eight months earlier acting as cues that the market was overripe and a correction was forthcoming. He states that the proprietary S.M.A.R.T. Insight gave an 83% chance of correction in the first quarter of 2008.
“Our system’s historic pricing models indicated that the technical bottom would coalesce in a cluster on the way up. The initial bottom was in place on November 2008 and confirmed in March 2009. It wasn’t until June of 2009 – three months later – that the overall general market picked up the signs of the recession coming to an end for housing prices in Greater Vancouver,” Eitel said.
He said the benefit of his modeling was advance notice of several months prior to the price decline as well as an early indication of the rebound.
Greenstead is marketing the S.M.A.R.T. Insight report via the website of its subsidiary at http://www.vantageknowledge.com
Although, the first report is about Vancouver’s house prices Eitel states that his analysis can be completed for any major metropolitan area where sufficient data exists, as well as for different types of housing such as condos and townhomes. The group plans to publish reports about Toronto and Calgary early in the new year.