Walk The Entire Property

What do I mean by walking the entire property?  I mean walk each and every suite, unit, office, apartment, whichever is applicable to your property of interest.  Why?  Because you are going to find out A LOT about your tenants, the space they occupy, their business, etc. For example, if it’s an apartment complex, there may be smoke or mold issues. Especially with ones that have many units, like 50+, they may have one or two out of service due to mold or fire damage and are using the appliances and other items in their other units, as needed.

Story: I purchased a large portfolio of office properties in Dallas. I insisted we walk all the suites, which was over 600 tenants. We were walking a building with the property manager and couldn’t locate a suite number that was on the rent roll. She told me she’d look into it and get back to me later, which she did. It turned out that the suite in question had been expanded into by the tenants on both sides of it, but the suite number and square footage was never removed from the rent roll.

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

IMG_1844

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

Reader Comments

Leave a Comment





This site uses Akismet to reduce spam. Learn how your comment data is processed.