Delve into the essential aspects of school building management in this webinar, 5 Key Aspects of Managing Your School Building. The panel of experts covered a spectrum of topics crucial for school leaders managing their buildings, including best practices and considerations for building improvement, renovation, and management.
You can watch the webinar on-demand anytime here. Here’s a recap of what was covered.
Construction Best Practices
Expert Michael Soh shared best practices for ensuring your construction project stays on track and within budget. Here are a few of his recommendations:
- Plan and design with precision
- Assemble a strong team
- Implement competitive bidding
- Engage experienced consultants
How to Make the Most of Your Lease
Next, we heard from Tabatha Martins and Mary Dillon on how schools can make the most of lease agreements.
They discussed understanding your lease terms, rent details, property conditions, and tenant rights. This is crucial for negotiating favorable terms and fostering clear communication with landlords.
Facility Financing Options
Tommy Alberini shared financing options for school facilities, discussing factors like eventual ownership, lease terms, buyout and refinancing options, and payment structures to strike a balance between flexibility and stability.
How to Work with a Broker
Next, Maddy Marlton shared the benefits of working with a broker. She emphasized how partnering with a commercial real estate broker offers access to market insights, listings, negotiation expertise, and regulatory guidance, streamlining the process and enhancing the likelihood of securing an ideal facility.
Real-World Experiences
Lastly, we heard from Christin Barkas and Ryan Eldridge, who shared real-world experiences of schools accomplishing their mission through strategic building upgrades.
Partner for Support
If you’re embarking on a building upgrade or building purchase, we’re here to help. Get in touch with our team and browse additional free resources below.
Featured Video
Tuesday Tips: Using a Broker to Find Your School’s Forever Home
In this Tuesday Tips, Maddy Marlton and Graham Taylor discussed the advantages of working with a broker when searching for a school facility, emphasizing three main benefits: time-saving expertise, comprehensive market coverage, and tailored solutions to meet unique school requirements. Watch the conversation for more on how brokers streamline the process, handle negotiations, and guide […]
Featured Article
Timing to Buy Your School
The decision to buy or expand a school is a pivotal moment in the life of any school. It represents an opportunity for growth, stability, and the chance to provide an ideal learning environment for students. However, in today’s educational landscape, this decision is not without its challenges. Let’s explore why timing is everything when […]
Free Download
Buy Your School
The Charter School Facility Financing Guide provides information about the school building marketplace, the planning process, and the four primary funding structures. You’ll come away ready to balance your school’s plans for growth with budget realities.
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The school building marketplace |
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The planning process |
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The four primary funding structures that charter schools use to finance facilities |
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