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