The Thriving Dentist Show

Dental Real Estate

22 snips
Apr 27, 2022
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ADVICE

Buy If Mortgage Beats Rent

  • Buy dental real estate if mortgage and build-out cost are less than your current rent.
  • Owning your space prevents unexpected lease non-renewals and builds long-term assets.
ANECDOTE

Lease Non-Renewal Disaster

  • A dental client lost lease renewal due to building sale and had only 90 days to find a new office.
  • This caused major disruption and financial stress, illustrating the risk of leasing dental space.
ANECDOTE

Office with Crime Scene Warning

  • A client’s office had a chalk outline of a body in front, signaling the area was no longer suitable.
  • The client wisely moved to a better, safer location, greatly improving his practice environment.
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