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Updated about 5 years ago on . Most recent reply

User Stats

19
Posts
6
Votes
Frank J.
6
Votes |
19
Posts

Commercial office building potential?

Frank J.
Posted

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? 

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