Interview Vendors & Contractors

Interviewing all vendors and contractors related to a property of interest will be a tremendous source of information.  You’ll learn about the property’s physical and mechanical issues, maintenance and more. If they believe you may be their new client, they will usually tell you all about the issues and problems they’ve been working on with the building.

Story: I had a vendor tell me that the hotel we were looking to purchase had many rooms out of service due to mold issues. Prior to speaking with him, the seller told me that we could not walk all the rooms because it was too disruptive to their guests. After speaking with that vendor, I called the seller and told him we need to go through all the rooms or we would cancel the escrow. We ended up getting $2.5M off the price due to discovering 55 rooms out of service.

How To Failure Proof You're Commercial Real Estate Investments In 30 Days or Less Without Hitting Any Costly Landmines

Get instant access to our online master class today to learn the simple steps

Brian Hennessey

How To Failure Proof You're Commercial Real Estate Investments In 30 Days or Less Without Hitting Any Costly Landmines

Get instant access to our online master class today to learn the simple steps

About the Author

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Brian Hennessey

Brian Hennessey has been in the commercial real estate industry for over 30 years as: a commercial broker, Senior Vice President of Acquisitions and Dispositions for a major US investment company, and has run his own real estate syndication/asset management company. He has represented a number of Fortune 500 Tenants including Bank of America, The Walt Disney Company and Baxter Healthcare.

With over 12 million square feet of purchase and sale, as well as lease transactions across the U.S. and more than 2 Billion in transactions under his belt... Brian has built a bullet-proof system for "Failure Proofing" commercial real estate acquisitions. You can learn all about this system on his free masterclass by clicking here

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