Marshall Kanner is an experienced entrepreneur and real estate professional located in Miami, Florida, with over 30 years of experience under his belt. Over the past several decades, he has run several businesses, two of which are in the real estate industry: Midtown Development Associates, LLC, and NC Rental Parks Ltd. The former is a real estate holdings business where he’s the Manager/Principal, while the latter is a business that owns several mobile home parks and mixed use properties. At NC Rental Parks Ltd., Marshall Kanner is the Treasurer/Principal.
Marshall Kanner is passionate about his work in the real estate industry. During his time in the field, he’s been able to match people to properties that’ll help them achieve their goals and ambitions—something he strives to do with every client. He loves helping people find beautiful homes to live in just as much as he loves helping people find buildings that are suitable for them to run their businesses in, so every day, Marshall strives to work hard to make his clients happy with their purchases.
In order to run a successful, sustainable business, Marshall Kanner believes that you need to make sure every client has a good experience. He keeps this belief in mind with every client he takes on, priding himself in excellent customer service and strong team environments in his businesses. He constantly seeks out ways to improve both himself and his business, something he believes to be paramount in his success.
His interests don’t rely only within the real estate industry, though. Marshall Kanner owns many businesses in a variety of fields, including (but not limited to) healthcare, media, and entertainment. He sees the business world as vast and limitless, providing entrepreneurs plenty of opportunities to seek out and grab. As one of those entrepreneurs, Marshall constantly looks for ways to incorporate his interests in his business portfolio.
Although he’s taken a step back to semi-retire, Marshall Kanner still remains passionate about and invested in his work. His most recent endeavor, Sound Legends, is a one-stop-shop for musicians that allows them to publish and distribute their work to multiple platforms, copyright their music, and reach out to larger audiences. Sound Legends supports independent artists in nearly 200 countries and works in over 70 languages. Marshall hopes that Sound Legends will continue to work with many artists now and in the future, from those who are just starting out to well-known artists.
Even in his semi-retirement, Marshall Kanner makes a point to stay invested in his businesses’ well-being. He checks in with them regularly and, if needed, steps in to help out to the best of his ability. Going forward, Marshall hopes to spend more time on his personal passions and with his friends and family. He also can’t wait to see how his businesses progress and grow as time goes on.
Marshall Kanner on Calculating Property Size For Your Needs
When calculating the size of a property, you need to consider the structure that’ll be going onto the land in the first place. The ratio of structure-to-land is called the “land-to-building ratio,” which determines whether or not the property is being used to its fullest potential. If the ratio is high, then the property isn’t being used how it could be; if the ratio is low, then the property is at capacity.
How do you calculate this ratio? You need to divide the square footage of the land by the square footage of the building—this will lead you to the land to building ratio.
The importance of this number varies depending on the property type you’re looking at. This ratio is rarely seen in appraisals with residential properties, thanks to the many municipal codes and property restrictions that residential properties have to follow. Still, some may want to keep homes in a development to a certain percentage of the available space; in this case, figuring out the ratio is important.
On the other hand, commercial and industrial applications get far more use out of land to building ratios. The building code requirements for these pieces of land are strict, from the amount of parking that a structure needs to maintain to the setback and green area considerations. A higher land-to-building ratio could increase the value of a property due to the extra space, while a lower land-to-building ratio could mean a property is at maximum capacity or in violation of current codes thanks to grandfather clauses.
Shopping centers, or malls, have things they need to consider specific to their property type. The first thing that retail commercial buildings need to consider is population demographics; there need to be enough shoppers to support the shops and businesses that will fill the shopping center, and in suburban areas, there needs to be convenient parking for people to park their cars. In shopping centers, the ratios of the tenant retail lease spaces are just as important. There are anchor tenants, or the largest tenants in the building (such as Kohl’s), and then smaller (yet related) tenants.
There are plenty of other property types that have different restrictions, responsibilities, and considerations to keep in mind. What are your needs? What do you need to follow to meet these needs? Before building on any property, make sure to do your research so that you meet all the requirements necessary.