Our first week of May 09 is finished,
We have had a very interesting week; we are still battling to get the true rent value for the Colosseum. We have had huge resistance from prospective tenant that we tell the rent is R3500 and they have friends the have unit for R2500.
We find this desperately frustrating as we are investors ourselves and have to repair and suffer the mistakes others. However life is not always plain sailing and it will go on no matter how much you complain.
So we have got creative and are approaching the building from a new point of view. We have been spending our time visiting the surrounding businesses (incl Standardbank and ABSA) to create exposure for the building and get local companies to see the value in their staff having quality accommodations so conveniently situated.
We are starting to see some pay off and it looks like things are going to start turning for the good.
In hard time you need to identify the problems that you are facing and then get busy with creative ways so solve them,
We have had a very interesting week; we are still battling to get the true rent value for the Colosseum. We have had huge resistance from prospective tenant that we tell the rent is R3500 and they have friends the have unit for R2500.
We find this desperately frustrating as we are investors ourselves and have to repair and suffer the mistakes others. However life is not always plain sailing and it will go on no matter how much you complain.
So we have got creative and are approaching the building from a new point of view. We have been spending our time visiting the surrounding businesses (incl Standardbank and ABSA) to create exposure for the building and get local companies to see the value in their staff having quality accommodations so conveniently situated.
We are starting to see some pay off and it looks like things are going to start turning for the good.
In hard time you need to identify the problems that you are facing and then get busy with creative ways so solve them,
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