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Avoid These Budgeting Mistakes in Retail Real Estate | EP 69: I Own A Shopping Center Now What?

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Manage episode 510413191 series 1746302
Content provided by Beth Azor. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Beth Azor or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Even if you don’t create your center’s budget yourself—you still need to know exactly what to look for.In this episode, I walk you through how I personally review the annual budgets for my shopping centers—despite not preparing them myself. Whether it's spotting weird dips in base rent, double-counting taxes and insurance, or bad timing on capital projects, I’m sharing the real checklist I use to catch costly mistakes before they impact NOI.This episode is perfect for shopping center owners, asset managers, or anyone handing budget prep to a CPA or property manager. Don’t miss my tips for tracking leasing fees, mortgage escrows, and cash flow month by month—and why I never schedule capital work during rainy season in Florida.🔑 Key Takeaways- Always review income line by line across all months- Check for base rent or recovery dips that don’t make sense- Compare op-ex items across properties by square foot- Watch out for double-counting taxes and insurance- Make sure capital expenses are scheduled during dry months- Avoid paving or painting during key retail seasons- Review CAM, insurance, and RE tax breakdowns per tenant- Flag lease renewals and verify the correct rent bumps- Don’t skip budgeting - even if you’ve never done one before

  continue reading

269 episodes

Artwork
iconShare
 
Manage episode 510413191 series 1746302
Content provided by Beth Azor. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Beth Azor or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Even if you don’t create your center’s budget yourself—you still need to know exactly what to look for.In this episode, I walk you through how I personally review the annual budgets for my shopping centers—despite not preparing them myself. Whether it's spotting weird dips in base rent, double-counting taxes and insurance, or bad timing on capital projects, I’m sharing the real checklist I use to catch costly mistakes before they impact NOI.This episode is perfect for shopping center owners, asset managers, or anyone handing budget prep to a CPA or property manager. Don’t miss my tips for tracking leasing fees, mortgage escrows, and cash flow month by month—and why I never schedule capital work during rainy season in Florida.🔑 Key Takeaways- Always review income line by line across all months- Check for base rent or recovery dips that don’t make sense- Compare op-ex items across properties by square foot- Watch out for double-counting taxes and insurance- Make sure capital expenses are scheduled during dry months- Avoid paving or painting during key retail seasons- Review CAM, insurance, and RE tax breakdowns per tenant- Flag lease renewals and verify the correct rent bumps- Don’t skip budgeting - even if you’ve never done one before

  continue reading

269 episodes

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