Nomad Group’s Post

From the ground up, Gray & Toynbee has been created based on the foundations of considerable experiences to offer partnerships with our clients in order to achieve the best possible result. This may be a swift sale, a long-term let, the highest sales price, or the security of knowing your biggest asset is in the safest hands. The property market has changed significantly in recent years, primarily in how people buy or rent properties. However, the way traditional agency works hasn’t changed with it. Agents don’t have little black books of buyers or renters. We no longer create the market. You could almost go as far as to say agents don’t sell houses anymore; the market does that. At Gray & Toynbee, we’ll bring the right market to your front door and then use that market to generate the best possible result. We will use tech to improve efficiency and compliance, but we won’t use it to distance ourselves from our clients. We’ll use it to integrate us more with you. We’ll be honest about what we can and what we can’t do, about where we can exert influence and where we can’t. We won’t do different things to our competitors; we’ll just do those things differently. What we are setting out to do is not revolutionary. It is evolutionary. We seek to partner with our clients to focus on the areas where we can really add value - property, properly. #property #cambridge #cambridgeestateagent #saleprice #sold #forsale #lettings #propertyincambridge #letushelp #reputableestateagent 

M&A Monday: During the sale of a business with leased real estate, there comes a point when someone must talk to the landlord(s). Finding that right point in time depends the lease and landlord-tenant relationship. The lease provides a baseline. Assignment without the landlord's consent is very common. Many commercial leases also set a process to request an assignment, some with a notice period and transfer fee. Unfortunately, it's rare to have a lease that puts a deadline on the landlord to respond. That's where the tenant's relationship comes in. The type of landlord influences the relationship. Institutional and professional landlords rarely move from the terms in the lease. If there's a transfer fee, someone's paying it. These landlord types are also very responsive and used to assignments during business sales. Small group or mom and pop landlords tend to be on one extreme or the other. Many are appreciative of their tenants and pose no issue to an assignment. I've worked with many sellers who have great relationships with these landlords, making the assignment a breeze. On the other hand, some will take it as an opportunity to renegotiate rent or - even worse - don't respond at all. I like to approach this issue going backwards from the closing date. Start with the expected closing date, add the required notice time from the lease, then add a buffer depending on the landlord-tenant relationship and to leave some breathing room. By that point, the deal should have progressed well enough that the seller won't feel too uncomfortable about talking to their landlord about their sale. It's an art, not a science. #mergersandacquisitions #smallbusiness #MandAMonday

Are you a tenant searching for the perfect space but unsure how much rent you can afford? 🏢 Understanding your Rent to Revenue Ratio is key! This metric helps determine how much rent your business can sustain based on your annual revenue. At JDM Partners, we specialize in providing customized Rent to Revenue analyses tailored to your industry, ensuring you make informed decisions on your next space. Ready to find out your ideal rent range? Contact us today, and let’s get you into the right space for your business’s success! #CommercialRealEstate #RentToRevenueRatio #BusinessGrowth #LeasingTips #JDMpartners

I encourage you to read more about how we’re leading the charge in real estate innovation: Offerpad Flips the Script #RealEstate #Innovation #Offerpad #Technology

Not everyone at StakeOut LIVE in Denver last week won the famous David Zervos annual hat, but everyone did get a packed day of transforming the rental economy. Highlights: The Tenant Equity and Affordability panel with Santhosh Ramdoss (Gary Community Ventures), Chris Herrmann (Enterprise Community Partners), Hunter Kurtz (Gatehouse Strategies, former HUD), and Zachary LaHood, CPA (Pine Grove Communities) was a fascinating dive into innovation in delivering wealth to renters. Phil Rubin: What is Loyalty? Showed how points, and programs, alone aren’t enough. What every customer obsessed organization needs is a loyalty strategy. The questions and comments here truly showed how rental communities need to embrace a true loyalty strategy. Stake Fall Release: Stake previewed many of the new products, partnerships, and even revenue share opportunities, with our the upcoming Fall Release. Of course there was much more — read in the blog post in the comments to hear the genesis of StakeOut and how we are making this a annual event for Transforming The Rental Economy — but for now….that’s a wrap. Until StakeOut 2025!

There’s something special about knowing that what we’re building is making a difference. Not just for property managers but for the tenants they serve too. This note from a customer getting ready for renewals was a reminder of the real impact LeaseLift is making behind the scenes. When property managers have the right tools and insights, everyone benefits: Tenants get smoother experiences. Properties are managed better. We believe deeply in what we’re doing here. Real value, real relationships, and a better experience for everyone involved.

Check out Brian's interview with Real Estate News on our agent-focused strategy in this post-settlement world!

The real estate market is evolving, and staying ahead requires more than just innovation—it demands strategic insight and adaptation to new norms. PropFYI identified key shifts in real estate compensation and saw an opportunity to lead the industry through this transformation. Navigating New Norms in Real Estate Compensation Starting August 17, 2024, MLS changes will prohibit listing compensation for buyers' agents. This regulatory shift means sellers will list direct concessions only, fundamentally altering transaction dynamics. PropFYI is perfectly positioned to navigate this change and empower users with the tools they need to thrive in this new environment. PropFYI’s platform offers significant advantages in this new landscape: Empowering Sellers: The platform allows sellers to directly offer attractive concessions, enhancing listing appeal and simplifying transactions. Cost Efficiency: With a low-cost model, PropFYI enables significant savings on listings while facilitating more effective buyer incentives. Market Leadership: PropFYI leads the transition, supporting users with tools and education to leverage new opportunities in real estate transactions. Business and Financial Modeling: We developed a robust business plan and financial model to guide PropFYI's growth trajectory and secure essential funding. Market Penetration Strategies: We crafted strategies to effectively position PropFYI in a competitive market, ensuring they capture significant market share. PropFYI is set to revolutionize the real estate industry with its innovative, accessible approach. By leveraging Divocate’s expertise in strategic planning, financial modeling, and market penetration, PropFYI is poised to lead the future of real estate transactions. This is the story of PropFYI, a company transforming real estate, and the kind of journey we at Divocate love to be part of. #Divocate #FundraisingConsulting #TechStartUp #FundraisingStrategy #StartupFunding #TechInvestment #FundraisingExpert #TechnologyConsulting

Thank You for all those who attended the Deal Maker Series Launch! A huge thank you to everyone who attended the launch of the Deal Maker Series. Sean Tate's incredible presentation covered the key items for lease negotiations, with insights for both landlords and leasers. He also explored essential analysis for purchases, sales transactions, and partnership structuring. Hosted by Champions of Change, the Deal Maker Series is designed to equip you with the tools and knowledge to navigate today's real estate and business landscape. Stay tuned for more from this exciting new series #DealMakerSeries #ChampionsOfChange #RealEstate #BusinessNegotiations #ThankYou

Dear LinkedIn Community, Over the weekend, I came across a video circulating on social media depicting a situation where a tenant defaulted on their rent payment, prompting the property manager to take assertive action to address the issue. While the specifics of the situation remain unclear, it's evident that property managers and landlords often face challenges when tenants fail to meet their rental obligations. As someone with experience in property management, I commend the property manager in the video for maintaining composure and professionalism despite facing verbal insults. This scenario highlights just one of the many difficulties property managers and landlords encounter in their line of work, particularly when dealing with rent arrears. Reflecting on this incident, I've pondered the commentary surrounding the need for a central tenant database, akin to a credit reference bureau (CRB), that landlords and managers can utilize to assess prospective tenants' rental histories. This tool could provide valuable insights and help mitigate risks associated with rent defaults. At RentScore, we're addressing these challenges head-on with a revolutionary tool designed to streamline the tenant screening process and optimize rent collection for landlords and property managers. Our upcoming beta testing phase presents an opportunity for interested parties to experience the benefits firsthand. Send me a message and we'll add you to the waitlist to join the beta testing and revolutionize your property management approach. We're keen on empowering property managers and landlords with the tools they need to navigate the complexities of rental management effectively. So, did you watch it? Share your views #propertymanagement #rentcollection #tenantscreening #betatesting #realestateinnovation #proptech