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The P.T. Entrepreneur Podcast
Ep727 | Commercial Real Estate Mistakes To Avoid
Jul 11, 2024
Dr. Danny, a physical therapy entrepreneur, shares advice on securing office space. He highlights using a commercial realtor for lease negotiations, exploring multiple spaces for better deals, and selecting locations to avoid costly build-outs. Essential tips for a seamless transition to an office space.
11:16
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Quick takeaways
- Hiring a commercial realtor for negotiating lease terms is crucial to avoid financial pitfalls.
- Exploring multiple potential spaces provides leverage in negotiations and prevents costly build-outs.
Deep dives
Importance of Using a Commercial Realtor
Using a commercial realtor is crucial when looking for spaces for your practice to avoid financial pitfalls. Commercial realtors are paid by the landlords, negotiate on your behalf, and help in lease terms negotiation without requiring legal involvement. Not utilizing a realtor may lead to additional expenses as landlords' commissions have to be paid out of your pocket, potentially costing thousands of dollars.
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