All Forum Posts by: Shepard Ager

@Ronald Rohde Hey Ronald, Thanks for the response and my apologies for my delayed response. I think I am going to pass on the original deal I was looking at but was looking at some others. I am really trying to get an idea as to what sort or guarantee was typical In a lease and whether or not the advertising company always reserved the right to terminate lease if visabIlIty is lost or reduced due to new construction on surrounding properties

@Aamir Virani Hey Aamir, thanks for the response and my apologies for the delayed response. I have been looking at a couple properties that have a billboard lease on them currently with an advertising company. I realize every lease is different and factors with regard to the location, traffic count etc all play a roll but I was really trying to hear about what sort of protections to the property owner was realistic to get from the billboard company. Is your sign an interstate sign? Does it have frontage on the interstate or are there other properties in between yours and the road? Does the billboard company have the right to terminate the lease if a structure is built that blocks the sign or decreases the visibility?

Hey Everyone,

I hope all is well. I was wondering if any property owners had an experience negotiating a billboard lease with an advertising company. I would love some suggestions. I have a property in Tuscaloosa, AL under contract that currently has a short term billboard lease left on it that i would assume upon closing of the deal. The lease amount is under market rate and I want to try to renegotiate a new lease with more favorable terms. I would appreciate any advice or suggestions.

Thanks!   

Hey Everyone,

I hope all is well. I was wondering if any property owners had an experience negotiating a billboard lease with an advertising company. I would love some suggestions. I have a property in Tuscaloosa, AL under contract that currently has a short term billboard lease left on it that i would assume upon closing of the deal. The lease amount is under market rate and I want to try to renegotiate a new lease with more favorable terms. I would appreciate any advice or suggestions.

Thanks!   

Hey Everyone,

I hope all is well.  I was wondering if any property owners had an experience negotiating a billboard lease with an advertising company.  I would love some suggestions.  I have a property in Tuscaloosa, AL under contract that currently has a short term billboard lease left on it that i would assume upon closing of the deal.  The lease amount is under market rate and I want to try to renegotiate a new lease with more favorable terms.  I would appreciate any advice or suggestions.

Thanks!   

Hey Brice Hagler Bishop welcome to BP. Like others have said, make sure you do your research and get a very firm understanding as to rents and vacancy in the areas you consider. Money is still cheap to borrow but prices are high. Just remember, you make your money when you buy, not when you sell. Deals are very achievable right now you just need to do your homework and make a move once you are comfortable. I am a commercial broker here in birmingham and don’t do any SFR but feel free to reach out if I you have any questions and I would be happy to help and point you in the right direction if I can’t. GOOD LUCK!!!

Hey Fletcher. I am a broker here in Birmingham. I would love to speak with you. If you are interested, send me a PM. Thanks!

Please send to [email protected]

Hey Henry, are you looking for commercial or residential?

Birmingham is a great market. There has been a lot of development activity from out of state investors over the past few years as a result. If you are interested in multifamily or commercial property let me know. If you are only into SFR there are a lot of BP members in the area that would love to help.