Managing Assets in the OBCAI

As a Consultant to many of my clients, I am constantly amazed at how often sub-lease agreements are not treated as an asset of the center. Sublease Renewal Systems (SRS) are an essential part of Center Management.

The SRS puts into place a process or system that assures that the most important assets of the center are managed and protected. Most people will gladly insure the jewelry, automobiles, and other assets such as furniture and equipment. Yet, I am always surprised when I review a center and find that the most important asset of the center is neither managed or insured.

Subleases and service agreements are assets, they increase in value if properly managed, and can be lost or stolen if not managed.

What is your system for managing these important asset?

Tips for Success . . .

First, develop an inventory of current contracts and subleases. You would be surprised if you knew how many operators do not know when their subleases will expire. Second, establish a safe place for the maintenance of these assets. This place should be under lock and key and the original contracts should be stored here. You might consider it, your companies safe deposit box. Make copies of all agreements for the office file so that managers who have a need to know can find out what they need without using the original agreement. After you have completed this process, give me a call and I will give you some additional suggestions for proceeding with a Sublease Renewal Systems to protect your assets in the future.

If you are attending the OBCAI Convention in Miami next week, say hello. I will be there also.

Sonny Moyers
Shared Office Industry Consultant
Managing Partner
The O'Dea Moyers Group & Ebby Halliday Realtors
972-464-4110
Cell: 469-261-5715


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