Sometimes, you gotta’ love landlords! Recently, I attended an industry group meeting. It was the monthly meeting of the New Jersey chapter of the Society of Industrial and Office Realtors (“SIOR”), of which I am extremely proud to say, I am a member. In fact, next year, I will be President of the chapter. And, like the overweight middle-aged guy behind the counter at the burger joint in the movie “Coming to America” who, when he proclaimed that he would shortly be promoted to assistant french fry cook, said: “That’s when the big bucks start rolling in!” But, I digress.
This meeting contained a mix of brokers, with a couple of landlords thrown in. The conversation eventually turned to the current real estate market, then to the economy, and then to tenants and current demand. After not enough talk about closed deals, and some grumbling and banter, one of the landlords looked across the table to the other end of the room toward the only other landlord in the room, and asked: “How do you maintain control over your tenants, and educate them in today’s market?” As the room fell silent, the second landlord took a quick sip of his drink, looked back across the long table, past the entire room of brokers, each of whom was waiting for a pearl of wisdom, put his finger in the air and said: “You want to know how I maintain control over my tenants? I’ll tell you how! I do everything I can to make sure my tenants Don’t Read Zezas’s Blog!”