In this episode, Founder and CEO of CARR, Colin Carr, talks about commercial real estate for healthcare professionals.

Today, Colin talks about the top mistakes healthcare providers make with their office leasing, the financial side of real estate transactions, and important considerations when making decisions on lease agreements. Should business owners buy their space or lease their space?

Hear about how and when to negotiate, the importance of having representation, and hear Colin's advice to his younger self, all on today's episode of The Healthy, Wealthy & Smart Podcast.

Key Takeaways

The best time to negotiate the lease is typically 12 months before it's going to expire.
"If you were serious about capitalising, you would've engaged an expert."
"You should not be telling the landlord anything that hurts your posture or position."
"When it comes to real estate, talk to real estate professionals. Don't talk to other doctors about that stuff if they don't know what they're doing."
"Realise what's on the line. If you make a mistake in it, the world's not going to end, but it will cost you hundreds of thousands of dollars in additional payments that you could have avoided."
"Surround yourself with the most successful people that's you can get around."
"There's no substitute for hard work."
"Work it as hard as you can and then learn from your mistakes."

More about Colin Carr

Colin Carr is the founder and CEO of CARR, the nation's leading provider of commercial real estate services for healthcare tenants and buyers. Every year, thousands of healthcare practices trust CARR to help them achieve the most favorable terms on their lease and purchase negotiations. Colin has been involved in commercial real estate for over two decades and has personally completed over 1,000 transactions. Colin educates thousands of healthcare professionals, administrators, business owners and students on an annual basis through national meetings, conventions, study clubs, associations, universities, and webinars.

Suggested Keywords

Healthy, Wealthy, Smart, Healthcare, Commercial, Real Estate, Negotiations, Representation, Leasing, Finance, Business,

To learn more, follow Colin at:

Website: https://carr.us

LinkedIn: Carr Healthcare

Facebook: CARR

Instagram: @carrhealthcare

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Read The Full Transcript Here: