Last week out of home leasing and development expert Andy Goodman talked about visibility and rent resets. Today he talks about these fees, signing bonuses, and rent increases. Good money is an expert on signed development in California. Amendment Fees and Signing Bonuses Five or ten years ago, I would […]
Why does Lamar have higher margins than OUTFRONT or Clear Channel Outdoor? Cheaper leases. Look at this analysis, prepared and sponsored by SignValue. Lamar’s billboards are more rural and Lamar isn’t as concentrated in airport and transit deals which have high minimum payment thresholds. In addition, Lamar owns the land under […]
The usual out of home industry legal practice is to record a memorandum of lease as opposed to the full lease in order not to disclose proprietary details to competitors or other landlords in a market. A Billboard Insider Reader asked “Is there potential for a lawsuit if a new […]
Last week out of home industry exec Jonathan Graviss talked about two out of home sales wins. Today he talks about managing out of home real estate and what makes a good digital billboard location. What have you learned about managing out of home real estate? In my journey managing […]
I agree with the conclusions in Billboard Insider’s July 25, 2023 article on billboard easements. Just a couple additional observations…. We often get asked by sellers who own their land if they are better off reserving an easement and selling the board with a land lease to retain some passive […]
Today out of home leasing and development expert Andy Goodman talks about what makes a great billboard location. Here are some keys to a great billboard site. An unobstructed view to the freeway The outside of a curve. A long approach A great right hand read that you know shows […]
Yesterday out of home leasing expert Andy Goodman talked about using software to manage lease renewals. Billboard Insider asked Billboard Planet’s Mike Donaldson to discuss the benefits of using software to manage out of home leases. Mike, how can good software help an out of home real estate manager? There […]
Out of Home development and siting expert Andy Goodman talks about the importance of recording leases. Should I record my lease? Absolutely. I don’t record the whole Lease, we record a “notice of Lease” which states the date, the Lessor and Lessee names, and what the Lease is for, a […]
AGE Advertising President Andy Goodman has 33 years experience siting and developing billboards. Today he talks about five common out of home lease mistakes. (1) That the property owner takes possession of the billboard at the end of the lease. (2) No termination clause giving the billboard company the unilateral […]
A reader asks: Are you aware of any software out there that is specifically for the real estate side of the business? I know that there are some features in Apparatix and Billboard Planet that help manage when leases are to be paid, the terms of the lease, and what […]
