Tag Archives: property management

Ian Black Real Estate named exclusive property manager for Centauri Insurance headquarters in Lakewood Ranch

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Rendering via Fawley/Bryant

The 30,000-square-foot property is expected to be completed this summer

SARASOTA, Fla. (May 15, 2017) – Ian Black Real Estate has been named the exclusive property manager for the Centauri Insurance headquarters, currently under construction on the southwest corner of Lakewood Ranch Blvd. and Communications Parkway in the Lakewood Ranch Corporate Park. The 30,000-square-foot property will serve as the corporate headquarters for Centauri Insurance and will have an additional 11,000 square feet available for lease.

 

The three-story modern facility, which sits on a 5-acre parcel of land with sweeping lake views and outdoor plazas on each floor, is expected to be completed this summer and will welcome tenants in late July. Cheri O’Neil with Savills Studley will handle the leasing of the property.

 

“We are very excited to be joining forces with Ian Black Real Estate,” said J. Mark Jones, chief financial officer of Centauri Insurance. “We believe their longstanding presence in Sarasota County and Lakewood Ranch in particular, as well as their impressive resume of similar caliber properties best aligned with our vision for our new property and the level of service we envision for Centauri and its prospective tenants.”

 

Ian Black Real Estate currently manages over 800,000 square feet of commercial real estate space in the greater Sarasota area. The firm recently added the former Sarasota Herald-Tribune building in downtown Sarasota to its growing property management portfolio.

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Be wary as a renter or a Landlord using AirBnB or Flipkey for rentals

Be wary as a renter or a Landlord using AirBnB or Flipkey for rentals

Airbnb host: A guest is squatting in my condo and I can’t get him to leave

By Julie Bort on Business Insider

Airbnb is a hugely popular way for people to rent their homes to thrifty travelers, but there are times when things go terribly wrong.

We’ve shared stories of hosts coming home to find their homes trashed, and a story of an inebriated host using his keys to enter the property at night while the guests — a Business Insider employee and his girlfriend — were sleeping.

Here’s a new one: A woman rented her 600-square-foot Palm Springs, California, condo to someone for a little over a month, and now she says the guy won’t leave and is threatening to sue her.

She’s had to hire a lawyer and go through the entire eviction process, which could take 3-6 months, the same as if he were a long-term tenant.

It’s “been a nightmare,” the host, Cory Tschogl, told Business Insider.

Tschogl is a rehabilitation therapist, helping people with vision problems, who lives in the San Francisco Bay Area. She got “priced out” of buying a home in the Valley, so she invested in a vacation rental condo in Palm Springs. For about the past year, she had been renting it on Airbnb and Flipkey, a vacation-rental site owned by TripAdvisor, making enough money on it to help her make ends meet with the higher rents in San Francisco.

She was happy with Airbnb until a man who goes by the name “Maksym” contacted her through Airbnb asking to rent her Palm Springs condo for longer than a month. He told her he needed accommodations for an extended business trip, Tschogl says.

He didn’t have any reviews on Airbnb, which she says in retrospect should have been a warning sign.

But his initial interactions with her seemed OK, and she agreed to let him rent the condo from May 25 through July 8, a total of 44 days.

For long-term reservations, Airbnb bills on a monthly basis. Tschogl says she received advance payment for 30 days.

On day one, after the guest checked in, he called her and complained about two odd things, Tschogl says. He didn’t like the tap water (complained it was cloudy) and he didn’t like the gated entry to the condo complex. He asked for a full refund, according to Tschogl. She had a bad gut feeling about him, she says, so she agreed to a refund.

She says she had difficulty getting hold of Airbnb right away to make the refund happen. After sending multiple emails and making phone calls, Airbnb responded two days later. In t hat email, on May 27, Airbnb told her it asked the guest to leave. The company also told her since Maksym had stayed in the condo for two days, she was entitled to keep an appropriate portion of the money he paid.

But Maksym stayed in the condo, according to Tschogl. “It became a confusing situation. Both I and Airbnb told the guest to leave, but he would not,” Tschogl told us.

After a number of antagonistic texts with the guest, Tschogl says she decided that perhaps the best course of action would be just to let him stay for the duration of his reservation.

Then came the second hiccup. On June 25, when payment for the last part of his reservation was due, Airbnb couldn’t collect the money. Airbnb warned Tschogl in an email, she says.

Both Airbnb and Tschogl contacted him and warned him to pay or leave, according to Tschogl.

Two days later, on June 27, he was still in the condo, she says.

On the last day of his reservation, still unpaid, Tschogl says she sent him a text message telling him if he didn’t vacate the property, she would have the utilities shut off.

He apparently responded with a threat of his own (at right). “It almost sounded like blackmail. He threatened to sue me, saying his brother was there and got an ulcer to due to the tap water. He said he was legally occupying my domicile and he has rights,” Tschogl says.

It turns out, Maksym wasn’t totally wrong. Tschogl researched the situation on a real estate investing social network called Bigger Pockets and was advised by other landlords to “lawyer up.”

She hired a lawyer and discovered that, in California, once someone rents a property for 30 days, that person is considered a tenant on a month-to-month lease.

To get the tenant out would require the whole eviction shebang, which could take three to six months and $3,000 to $5,000 in legal fees. She couldn’t just ask the police to haul the guy out.

For the conclusion of this story, CLICK HERE <——-=====

Suncoast Property Management & Leasing — Serving Sarasota County

Suncoast Property Management & Leasing — Serving Sarasota County

Sarasota Property Management, Sales & Leasing

At Suncoast Property Management, Sales & Leasing, we are a full-service company. We assist our clients and customers in locating and purchasing investments, leasing properties on annual and monthly terms and finally, managing those properties per each clients wishes.

Herald Tribune Business Weekly Press Release

Herald Tribune Business Weekly Press Release

NAI Manasota - Sean Dreznin

NAI Manasota, based in Lakewood Ranch, has added hired two commercial real estate specialists, Sean Dreznin and Richard Sellers….

Dreznin is a commercial property management professional who owned and operated a professional services management company for several years. He will work with NAI’s Commercial Investment Sales & Special Asset Services group.

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The Announcement of a New Career in a Familiar Industry.

The Announcement of a New Career in a Familiar Industry.

Commercial Investment Sales, Asset Services and Property Management

It is my pleasure to announce I have accepted the position of Commercial Investment Sales, Asset Services and Property Management Advisor with NAI Manasota.

Here is the link to my profile.

Breaking News: Huge California Apt. Operator Breaking Up

Bethany Group Files Ch. 11; Courts Assigning its 15,000 Units to Receivers

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By Mark Heschmeyer
March 18, 2009

More than a dozen affiliates of Irvine, Ca-based apartment investor Bethany Group LLC filed for Chapter 11 bankruptcy protection in the federal bankruptcy court in Santa Ana, CA, this month. The group owns an estimated 15,000 apartment units across 58 complexes located in Arizona, Colorado, Georgia, Maryland and Texas.

Although some of the portfolios are not included in the bankruptcy filings, it appears that the company will be broken apart wholesale through court appointed receivers.

Many of Bethany Group’s properties were backed by loans pooled into commercial-mortgaged backed securities, including six portfolios totaling $750 million across three deals (LBCMT 2007-C3, LBUBS 2007-C1 and C2), suggesting that three more of its loans ($438 million) are likely to be transferred to special servicing this month.

Trigild Inc., a San Diego-based distressed receivership, property and loan recovery specialist, has been appointed receiver for 13 apartment complexes representing nearly $500 million in defaulted loans in Arizona, California, Colorado and Florida abandoned by Bethany Group.

As court appointed receiver, Trigild has taken over day to day operations of seven complexes in the Phoenix area, a property in San Diego County, one in Orange Park, FL and four properties in the Denver/Colorado Springs area.

According to Trigild’s president and founder Bill Hoffman, the properties were abandoned by Bethany Group. Following reports of unpaid employees and contractors, utility shutoffs and impending liens and lawsuits, the lender was forced to act.

“The loan servicing company which handles the commercial mortgages, moved at a record pace to get a receiver appointed to guarantee that the properties and their residents are well protected,” Hoffman said. As a result, “thousands of tenants will continue to live in the complexes and over a hundred employees will continue to be employed.”

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Properties in Arizona are the 460-unit Laguna Village, the 320-unit Alante at the Islands and the 374-unit Santan Crossing in Chandler; the 432-unit Whispering Meadows and the 582-Tuscany Palm in Mesa; the 395-unit Sienna Springs in Phoenix and the 196-unit Verrado Park in Glendale. The 114-unit Sunset Village Apartment in Oceanside, is just north of San Diego. The Colorado assets include the 482-unit Waterford Court in Aurora, the 216-unit Rockrimmon and the 280-unit Falcon Pointe Ridge in Colorado Springs and the 186-unit Rolling Hills in Castle Rock. Blanding Place Apartments, the Florida property, has 231 units.

Falling real estate values, high vacancies and poor cash flow have triggered significant financial difficulties for many owners of residential real estate and other commercial properties, Hoffman said.

“We have been advised to prepare for additional properties from the same group.”

Given the current economic climate, failures of this sort will continue to increase, he added.

“The highly leveraged deals from a few years back do not bode well for the commercial real estate industry,” Hoffman said. ”

Also, Ann Arbor, MI-based McKinley Inc. was appointed as receiver for a group of several of Bethany’s Georgia properties. The properties include Lacota Apartments, a 266-unit community in Doraville; Sinclair Apartments, a 352-unit apartment home community in Norcross near I-285 and I-85; Alden Ridge, a 372-unit community in Clarkston with easy access to Stone Mountain Freeway, I-20, and I-285; Steeple Chase in Norcross which includes 305 units and Somerset at the Crossing in Tucker which offers 264 units. The appointment was made in the Superior Court of Gwinnett County, GA.

Bethany Group specialized in buying Class-B properties with 150-400 units. It acquired several portfolios from AIMCO and Bascom Group and received acquisition financing from GE Capital and Lehman.

30 topics to focus on in your blog

“Should we have a property blog?”

Blogging isn’t for everyone, but I think there are lots of reasons why the answer is absolutely YES.

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If you have a property blog, or if you’ve thought about writing one, but don’t think you have enough ideas to write about, here are 30 ideas to get you started:

1. How to get the most from our property management team.
2. Recommend an improvement to our community.
3. What kinds of community events would interest you most?
4. Exciting updates or changes coming in future months.
5. How to decorate a small space.

6. Upcoming events, coupons and offers for the next two weeks.
7. A little bit about us.
8. Best kept secrets in our neighborhood.
9. Best place to get a beer, find home accessories, watch the fireworks, etc.
10. Photos from this month’s community party or meetup.
11. Video: A day in the life of our service technicians. (You could also post this on your Careers page.)
12. Our residents rock!
13. We support these causes/non-profits, and here’s why.
14. Tips to lower your utility bills. (You could interview someone from the local utility company.)
15. Have you seen our community garden, dog park, fitness room, whatever.
16. How we handle your disputes or complaints.
17. Anything that builds on a recent piece in your resident newsletter. (Use this both ways — promote recent blog posts in your newsletter.)
18. How to handle a difficult neighbor.
19. Can you recommend a better process for this?
20. We’re sorry, and here’s how we’ll handle things next time.
21. Report from our resident community review board.
22. We hate to see you go, but if you have to leave, here are some tips when preparing for move-out. (Too much?)
23. Need to talk to us? Friend us on Facebook (or Myspace, or Twitter or… You get the point.)

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Click on link below picture of city for original story.