A Little about us
Genesis Property Services was formed on the foundation of over 30 years of success in the business of Commercial Real Estate in Raleigh, North Carolina. This success was built on a diverse portfolio of experience that includes brokerage, leasing, property management, maintenance, facility management, and construction management. Our service delivery is based upon three simple principles; honesty, integrity, and trust. Our philosophy is rooted in a desire to develop relationships with our customers that exceed any prior experience. We accomplish what we commit to and we do it with a personal touch that cannot be found in our market.
If you own income producing real estate or you are looking to invest in income producing real estate, we invite you to partner with us.
Allow us the opportunity to maximize your investment goals and objectives while preserving the value of your asset.
Property Management
- Lease Administration. Resolve tenant inquiries and concerns, manage accounts receivable, receive reimbursement for qualified operating expenses, and be proactive in renewing lease agreements.
- Budget Development and Tracking. Create accurate annual budgets to track expenses and maximize revenue.
- Financial Reporting. Maintain accurate accounting records and provide monthly financial reporting to identify expense trends and stay informed about your Net Operating Income and Cash Flow.
- Property Inspections. Regular property inspections support proactive preventive maintenance and preserve the value of the property.
- Tenant Relations. Resolve tenant inquiries and concerns, manage accounts receivable, receive reimbursement for qualified operating expenses, and be proactive in renewing lease agreements.
- Maintenance Services. Regularly scheduled and preventive maintenance services will maximize the value of the property and keep unforeseen expenses at a minimum.
- Vendor/Contract Management. Develop and maintain strong vendor relationships with reputable contractors who operate as an extension of your team.
- Capital Expenditure Planning and Oversight. Have a thorough understanding of future capital needs in order to plan and budget appropriately
Facility Management
Facility management requires a unique focus on the details and encompasses a variety of disciplines to effectively manage the functionality of a business environment. Our objective is to provide seamless support to the operation of your facility. Whether you are a building owner or you are leasing a building, allow us to handle the daily operations so you can focus on your business. Our history of expertise includes experience with both not-for-profit and for-profit facilities ranging from small and unique to industrial, specialized laboratories, and large box environments including 100,000+ square feet in freezer storage facilities…
- Life Safety/Fire Suppression/Security. Nothing is more important than the safety and security of your most valuable asset – your employees.
- Emergency Preparedness and Business Continuity. Operate with the security of knowing you have a solid plan in place to ensure your business continues in the face of an emergency.
- Environmental Sustainability. Meet your organizational needs in an environmentally responsible way. Reduce Reuse Recycle.
- Operations and Maintenance. Ensure effective and efficient daily operations and preventive maintenance programs.
- Vendor Contracts/Relations. Develop and maintain strong vendor relationships with reputable contractors who operate as an extension of your team.
- Budgeting. Prepare accurate financial forecasts to better track and report expenses while maximizing profit.
- Project Management. Complete projects on time and within budget.
- Capital Plan Development and Oversight. Have a thorough understanding of future capital expenditures in order to plan and budget appropriately.
Buy Property
Market Analysis includes considerations on…
- Cost. In most cases, the best locations have the highest prices. Decide what factors are most important to you and find the best location possible.
- Suppliers/vendors. Having a close proximity to an airport, post office, laboratory or a particular vendor might be important to potential tenants.
- Demographics. Where are the most desirable areas for business? A demographics report will show the locations of neighborhoods and the population count in that area. Being close to a profitable market will raise your property’s value.
- Competition. What type of zoning is around your area? Knowing the zoning of each available parcel within your area will give you an idea of your competitive edge.
- Traffic counts. High traffic counts attract a specific type of developer while lower traffic counts will attract another.
Sell Property
Genesis Property Services Attracts Quality Leads to your Property…
- Brochure. A high quality, professionally designed brochure can push buyers from “just considering” into picking up the phone and enquiring about the space.
- Signage. Visible, high quality signage is focused on showing the passing traffic that your building is available for sale, what type of building it is and how they can inquire.
- Online databases. More and more investors are searching online than ever before. Not only will your listing be in the top commercial real estate databases, it will also be listed in databases that business professionals can access directly. A robust online presence will put your available asset in front of the most potential investors.
- Demographics. Location, location, location! The most important economic factor in commercial real estate! If your building is in an affluent area, your building will have a higher revenue stream than a competing building in a less desirable location. Your revenue stream will impact your capitalization rate. Proximity to freeways, airports, major shopping centers and public transportation will also have an impact on your sales price.
- Competition. Is your competition charging more or less per square foot? What services are they offering to new tenants? Incentives and rates from competitive buildings in your area will also be factors to consider when adjusting your pricing.
- Traffic counts. Depending on your tenants’ needs, traffic counts – whether high or low – will be preferred by a particular kind of business. Finding your nearest intersection’s traffic count can be a great tool when negotiating with potential buyers…
Lease Property
Are you leasing your first commercial space or your next commercial space? Is your lease renewal coming up? Many tenants do not realize they have access to representation too – the real estate broker for the property is working for the landlord! Please consider the following imperative points before you sign any lease agreement.
- Insurance. All commercial leases will stipulate a specific amount of insurance your business must carry to operate within the leased premises. The landlord must be listed as the certificate holder and/or additional insured on the policy. If you do not have the minimum insurance required, you are in default of your lease agreement. Be sure this amount makes sense for your business.
- HVAC. Most commercial lease agreements require the tenant to have an active preventive maintenance agreement with a licensed and landlord approved mechanical contractor. Many leases require the tenant to pay for any additional HVAC repairs in addition to maintenance. If you do not have an active preventive maintenance agreement in place, you are in default of your lease agreement.
- Maintenance. The landlord is responsible for the maintenance of the structure of the building including the roof, supporting walls, and foundation, as well as maintenance of common areas. Most leases require the tenant to be responsible for the interior of the space as well as any door, window, or lock repairs for the leased space.
- Additional Rent/Common Area Maintenance Charges. Is the lease you are considering a Triple Net Lease or a Gross Lease? Are you responsible for reimbursing the landlord for a pro-rata share of operating expenses and/or common area maintenance charges? What is included, what is excluded?
- Right to Relocate. Can the landlord relocate your business prior to the end of your lease agreement? In many cases, they can! What are your choices? How does this impact your business?
- Notification Period. How long before your lease expires must you notify the landlord of your intentions to renew? Not providing timely notice can have a significant impact on some of the terms in your lease agreement.
- Option to Renew. Does your lease contain an option for you to renew your lease at pre-determined terms? If so, your notification period will be extremely important to take advantage of this valuable option.
- Holdover. If you have to stay in your leased space after your lease expires and you have not been able to negotiate a renewal, is there a holdover rent rate? This rate can often times be 150% or 200% of your negotiated rental rate!
Genesis Commercial is here to provide valuable experience and assistance to the commercial tenant. With experience working with tenants and landlords of all sizes, we have the expertise to make your lease negotiation a fair and balanced process. We are happy to answer your questions!
About Us
JEFF N. WEATHERSPOON, CPM
President /Principal
Commercial Real Estate Broker
Mr. Weatherspoon’s background in commercial real estate spans 30 plus years and he has complete knowledge of both managing and leasing commercial property. His experience has also included leasing, construction management, development, renovations, rehabilitations, mechanical overhauls, roof replacements, and major HVAC retrofits. He has served as a receiver in a large real estate repositioning, and has been involved in numerous purchases and sales of properties that were under his responsibility. In addition, he was founder and President of Sterling Realty Services, Inc. from 1991 to 2004. In 2004 Sterling Realty merged with Colliers Pinkard. Colliers Pinkard merged with Cassidy Turley in 2008. In 2011 he formed Genesis Property Services to pursue investment opportunities, general brokerage, receiverships and management services. READ MORE
CARLA LEWIS
Director of Commercial Property Management
Carla, a Raleigh native, brings a wealth of local knowledge and expertise to the real estate market. As a licensed broker with extensive experience in leasing and property management, she offers a comprehensive understanding of the intricacies of the real estate industry in this area. Her commitment to delivering exceptional customer service is evident in every aspect of her work. READ MORE
DAVID KAVAL
Director of Maintenance Services
David Kaval is the Director of Maintenance Services at Genesis Commercial Real Estate Services. Genesis CRES is a boutique commercial real estate services company that provides customized solutions for property management, maintenance, and brokerage services to building and business owners in the booming Triangle area. READ MORE