StegmanCompaniesInquire

How we work

Working Together

Here is how an assignment moves from the first review to the decisions you make as an owner.

Starting · 1 of 4

The First Review

We start with the property and the records available, then discuss the work and decisions ahead with you.

  • Collect leases, the rent roll, and operating records.
  • Check lease terms and identify issues that need attention.
  • Coordinate the handoff if another manager is in place.

A sample review shows the questions to consider before deciding what to do with a center.

Illustrative property review

Sample Center

9 suites · 13,510 SF

Vacant Suites

Suite 103 · 1,240 SF · Asking rent $3.25$48,360 per year
Suite 109 · 1,800 SF · Asking rent $3.75$81,000 per year

Upcoming Lease Dates

Suite 107 · Insurance office · Dec 2026+$2,700 per year
Suite 102 · Nail salon · Jun 2027 · One 5-year option

Renewal: Suite 107 at $3.35 NNN.

Potential Recovery

CAM and expenses the leases allow you to recover.+$5,416 per year

Estimated Value

Today about $5.35M · After Lease-Up about $7.94M

Sample · Sample Center is fictional. Sample figures are illustrative. Values use a 6.5% cap rate.

Management · 2 of 4

Running the Property

We handle the day-to-day work and bring decisions that need your approval to you.

  • Collect rent, follow up on balances, and coordinate vendors.
  • Prepare reconciliations and track lease dates.
  • Show collections, leases, statements, and work orders in the owner portal.

A sample rent roll shows what each suite pays and when its lease ends. A sample summary shows lease terms a person checks against the signed documents.

Owner portal · Sample Center

Occupancy

77.5%

Monthly base rent

$33,075

Avg. term left

1.7 yrs

Vacant SF

3,040 SF

SuiteTenantSFRent / SFMonthlyExpiresStatus
101Coffee bar1,200$4.25$5,100Mar 2029
102Nail salon1,050$3.40$3,570Jun 2027
103Vacant1,240$3.25*Listed
104Dental office1,620$3.25$5,265Mar 2029
105Pizza, takeout1,400$3.60$5,040Jan 2028
106Fitness studio3,200$2.40$7,680Nov 2027Past due
107Insurance office900$3.10$2,790Dec 2026Renewal
108Dry cleaner, drop-off only1,100$3.30$3,630Aug 2030
109Vacant1,800$3.75*Listed
Total13,510$33,075* Asking

Lease summary

Suite 106

Tenant
Fitness studio
SF
3,200 SF
Rent / SF
$2.40 NNN
Expires
Nov 2027 (13 months)
Increases
$0.10/SF a year
Options
Two 5-year
Pro rata share
23.69%
Note
October rent 12 days late; reminder sent

Sample · Sample Center is fictional

Leasing · 3 of 4

Leasing the Space

We work on vacancies and renewals, bringing you the terms and offers that need a decision.

  • Review pricing and uses that fit the space and existing leases.
  • Prepare marketing, reach out to prospects, and arrange tours.
  • Compare offers and discuss their effect on the property's income.

A sample site plan shows occupied and vacant space.

Leasing portal · Sample Center
SERVICE LANE1011,2001021,0501031,2401041,6201051,4001063,2001079001081,1001091,800WALKWAYPATIOPARKINGSAMPLE AVENUESIGNDRIVE

LeasedVacantExpires within a year

Vacant

Suite 109

Tenant
End cap, 400 SF patio
SF
1,800 SF
Asking
$3.75 NNN

View listing

Sample · Sample Center is fictional

A sample fit list shows how existing leases can affect potential uses.

Tenant fit · Sample Center

1,800 SF · End cap, 400 SF patio

✓Mediterranean fast casualPursueEnd cap with patio; no exclusive conflict.
✓Ice cream and dessertPursuePatio suits dessert use; review evening demand.
✓Medical spaPursueReview parking demand against coffee bar traffic.
?BurgersCheck firstConfirm grease interceptor and roof venting.
✕Coffee shopPassSuite 101 has a coffee and espresso exclusive.
✕PizzaPassSuite 105 has a pizza exclusive.

Sample · Sample Center is fictional

The outreach approach shows whom we contact about a vacancy.

Tenant outreach · Suite 109

Outreach channels

Expanding operatorsBrands and franchisees adding locations in LA and Orange County.
Tenant rep brokersBrokers representing uses suited to the space.
Local operatorsNearby operators with one to three locations.

How prospects are chosen

  1. 1We approach operators looking to expand in Los Angeles and Orange County.
  2. 2We contact tenant rep brokers and local operators whose uses may fit the space.
  3. 3Prospects are considered against the property's layout, existing leases, and permitted uses.

Sample · Sample Center is fictional

A sample pipeline shows where prospects and offers stand.

Leasing pipeline · Suites 103, 107, 109
Inquiry2
Tour1
Proposal1
LOI1
Lease1
Signed0

Mediterranean fast casual

Suite
109 · LOI
Terms
$3.70 NNN, 10 years, $45/SF TI, 4 months free
Last activity
LOI received
Next step
Counter on TI and free rent
Source
Outreach to LA and OC operators

Sample · Sample Center is fictional

A sample listing shows the information a prospect receives about a vacancy.

Marketing · Suite 109
PATIO±400 SFRRBACK OF HOUSESALES / DININGSUITE 109 · ±1,800 SF30'-0"60'-0"STOREFRONTEND CAPN010 FT

Sample Center

End cap with patio

Suite
109, end cap
Size
±1,800 SF
Patio
±400 SF
Asking
$3.75/SF/month NNN
NNN charges
About $0.85/SF/month
Frontage
30 ft, glass on two sides
Available
Now
Uses
Restaurant or retail, subject to existing exclusives
3D tourFloor plan PDFBook a tour

Sample · Sample Center is fictional

An illustrative workflow shows possible automated steps and where a person checks the work.

Automation · Suite 102 gives notice

■ Automated    □ Person

  1. 1Notice LoggedA notice updates the expiration report.■ Automated
  2. 2Materials ScheduledPhoto, 3D tour and floor plan appointments are scheduled.■ Automated
  3. 3Listing PublishedThe listing is posted to the property site, LoopNet and Crexi.■ Automated
  4. 4Uses ReviewedA person checks proposed uses against leases and CC&Rs.□ Person
  5. 5Outreach SentApproved prospects and tenant brokers receive the listing.■ Automated
  6. 6ToursA person answers questions and shows the space.□ Person
  7. 7LOIs ReviewedA person compares rent, free rent, TI and term.□ Person
  8. 8Owner UpdatedThe portal displays inquiries, tours and offers.■ Automated

Sample · Sample Center is fictional

A sample calculation estimates how leasing space could affect income.

NOI · Sample Center
NOI today
$347,892
+$61,008
+$99,360
+$2,700
+$5,416
NOI after
$516,376

Sample · Sample Center is fictional

Reporting · 4 of 4

Your Decisions

Reporting shows what has happened, what remains open, and what needs your approval.

  • Review leasing activity and outstanding collections.
  • Follow maintenance work and expenses.
  • Decide on offers and work above your approval limit.

A sample report shows open items and decisions an owner may need to make.

Owner report · Week of October 19
From
Stegman Companies
To
Owner, Sample Center
Subject
Sample Center | Week of October 19

Leasing

  • Suite 109: 4 inquiries and 2 tours. LOI received from a Mediterranean fast casual operator at $3.70 NNN.
  • Suite 103: 3 inquiries. Proposal sent to a physical therapy group.
  • Suite 107: Tenant reviewing the renewal amendment.

Collections

  • Suite 106 is 12 days late. Reminder sent; call set for Tuesday. All other tenants paid.

Work orders

  • Roof leak over Suite 104: bids due Thursday.
  • Parking lot lights repaired.

Next week

  • Counter the Suite 109 LOI on TI and free rent.
  • Second tour with the dessert operator.

Sample · Sample Center is fictional