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Updated almost 5 years ago,
Commercial office building potential?
A family member gave me the exclusive for a second floor office building with 8 offices to rent out. I’m a solo broker no agents under me.
He’s NOT paying the broker fee but I’m free to rent them out and pretty much do anything I want with the units as long as he collects rent for units rented he is fine. I will be getting a small management % fee as a property manager too.
I’m having hard time trying to figure out how to make something out of this situation other than just renting the units and making a small fee/commission. The building is located in the busy town center.
Any ideas or thoughts on how to make additional money out of this?