Power Talk Friday – Alice Seale – Thinking About Leasing or Buying a Studio Space?

Episode 57 of A Well-Designed Business®

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57: Power Talk Friday – Alice Seale – Thinking About Leasing or Buying a Studio Space?

Welcome to another Power Talk Friday! My guest today is Alice Seale, who has over 30 years entrepreneurial experience as a realtor in the retail design industry. She is the founder of Seale Realty Advisors in the Dallas area. Alice has co-authored the book, Winning Ways in Real Estate. She has great advice for entrepreneurs. Join us!

What you’ll hear in this episode:

Alice’s path to real estate in retail design
What to look for in a realtor
How a design center is born and developed
The mix of wholesale and retail
How Alice spots the trends in “pop-up” design centers
Rent or buy? How do you decide?
Alice tells you what questions to ask up front
HVAC—why you MUST pay attention!
Watch expenses on taxes and insurance!
Consider leasing with an option
Ask for any accommodations up front
Find a realtor who has YOUR best interests in mind
Why renting is a good option to start out in business
Know what’s going on in your city and its development
How to know when it’s the RIGHT time to purchase
How to ask your landlord to “put some skin in the game”
Make a wish list of renovations and negotiate adding value to the property
Establish financial relationships early: Be a PERSON at the bank and not just an account number!
Consider obtaining a letter of credit instead of paying a large security deposit
Why Alice recommends that you have a female banker

Get all the details from Alice here: http://windowworks-nj.com/alice-seale

Power Talk Friday – Alice Seale – Thinking About Leasing or Buying a Studio Space?

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