AboutJim Avancena Expertise I can answer any questions that involve commercial leases and the myriad provisions contained in them. I can also advise regarding what the standard practices are regarding leases and the lease acquistion process in the commercial real estate industry. Additionally, I can advise regarding most commercial property management related issues and related disputes.
Experience Thirty years active experience in the commercial real estate industry as a licensed real estate broker in the Washington DC Metro area(Including Maryland and Virginia). I have been admitted (approved)by the Maryland and DC courts to testify as an expert witness on the subjects of Commercial Leasing and Property Management in the area of standard industry practices. I have had my own consulting business for the last 14 years advising virtually every form of business entity from large national corporations to the smallest ma & pa new businesses regarding a wide range of commercial real estate matters in addition to property management and commercial leasing.
Organizations Currently I avoid entangling relationships.
Publications I published a newsletter for two years titled: "Tenants First". My consulting firm was the subject of a Washington Post Business Section Cover Page (2.25 page)Feature Story on January 13, 1993.
Education/Credentials BA in Political Science from Memphis University, and five years of study in the real estate development summer program at MIT. I am a certified commercial property manager (CPM-IREM), licensed real estate broker in Maryland and Virginia, and Certified Commercial Real Estate Appraiser.
Awards and Honors Some routine, however, none that are significant.
Past/Present Clients Past clients include: The World Bank, George Washington University, National Association of Criminal Defense Attorneys, US Department of Commerce (Advisor to the Secretary of Commerce/Cabinet Position), etc., etc. estimate more than 1,500 firms/organizations.
Expert: Jim Avancena Date: 6/25/2008 Subject: Landlord Management Fee
Question We have a new property management company for one of our stores. They are telling me that the management fee is calculated on reported gross sales, any thoughts. This is a new one to me.
Michaele
Answer Michaele-
It is new to me also. Perhaps they are mixing up how you calculate a percentage RENT on a lease with how you calculate a MANAGEMENT fee. I have never heard of a management fee increasing or decreasing based on how a tenant's sales were for a certain period.
No. This sounds just as odd to me as it does to you.
