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As part of our rental studies, we frequently run across the term “full service”, which is used selectively and with different meanings. Some marina owners/managers use the term to describe their range of utility services. Some go beyond this definition to include boat repairs. Let’s explore these variances. Utility services can vary significantly at . . . → Read More: A New Definition of the "Full Service" Marina It’s common practice for an appraiser to include a slip rental survey of competitive marinas in a report. The goal is to show that the subject’s slip rental rates are above, below or equal to market. In the dozens of marina appraisals I’ve reviewed, I can say that I haven’t seen one done correctly. Here . . . → Read More: Marina Slip Rental Survey Realities I get calls every day from commercial property owners, especially marinas, who are in trouble. They are close to foreclosure or very near a balloon payment that they will not be able to pay or refinance. They are “upside down” in the vernacular of the finance business. There are things that can be done to minimize loses . . . → Read More: General Paralysis…or Burying Your Head In the Sand |
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