Selling can be a final step, but there are numerous creative solutions to improve cash flow and potentially avoid selling altogether. Here are a few options to consider:

• Renegotiate Leases: Are your current lease rates below market value? Review your leases and consider renegotiating with existing tenants for a more favorable rate. This can be a win-win situation, providing you with increased income and potentially keeping valuable tenants happy.
• Attract New Tenants with Strategic Leasing: Vacancies are a significant drain on cash flow. Develop a competitive leasing strategy to attract high-quality tenants willing to pay market rent. This might involve offering signing bonuses, shorter lease terms, or flexible amenities packages.
• Reduce Operating Expenses: Take a critical look at your operating expenses. Are there areas where you can cut back without sacrificing quality or tenant satisfaction? This could involve renegotiating contracts with vendors, finding more energy-efficient solutions, or implementing preventative maintenance programs to avoid costly repairs down the road.
• Increase Revenue Streams: Explore ways to generate additional income from your property. This could involve adding new amenities, such as on-site storage or co-working spaces, or finding creative ways to utilize common areas. Consider offering advertising opportunities or partnering with local businesses to provide additional services to your tenants.