Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

603
Posts
130
Votes
Adam Craig
  • Investor
  • Cleveland, OH
130
Votes |
603
Posts

Leasing first office space - Should I lease or hire it out?

Adam Craig
  • Investor
  • Cleveland, OH
Posted

I am purchasing an office building near a trendy downtown area in my home town. The address is 38021 Euclid Ave Willoughby if you want to take a look - its an old century home that used to house a medium sized law firm. I am going to use a small section of it for my office and plan to rent the other 3-4 units.

I am a real estate investor that flips/rents single family. I have a portfolio of 32 rentals that I have in house management for. We do a great job on single family rental listings. My wife is my agent and another girl is our part time property manager, we have professional photos, we syndicate to all the listing websites. So we tend to rent our units quick and at a premium.

Because of our success, I initially planned on leasing the empty office units myself but because I am just starting to get into commercial I am thinking of hiring out the leasing at least initially to get a batter idea on market rents and different lease structures in the commercial space.

Thoughts on this?

Loading replies...