Are Your Lease Clauses Costing You $75K/Year? | Episode 66: I Own a Shopping Center, Now What?

Struggling to lease your retail space in a multifamily project? You might be making this common mistake.In Episode 65 of I Own a Shopping Center. Now What?, I share a recent conversation I had with some multifamily investors who were venturing into retail for the first time. Leasing retail—especially on the ground floor of high-rise projects—is a whole different animal, and getting it right starts with hiring the right third-party team.I walk you through exactly how I advised them: how many firms to interview, what expectations to put in writing, and why it's critical to know the market even better than the broker you hire. I also break down why it’s okay—and necessary—to fire leasing agents who aren’t performing. If you’re going to delegate, you still have to manage smartly.🔑 Key TakeawaysUnderstand the default and remedy clauses in your leasesEvaluate tenant term lengths and credit strengthConfirm restrictions through in-person intelWeigh the upside of breaking outdated lease clausesKnow your waiver options—some clauses are flexibleOld leases aren’t always built for modern tenantsStrategic defaults require informed decision-makingInvite a woman to my summit—let’s grow this community!