All Forum Posts by: David Wolber

just a heads up, if it wasn't previously a mixed use property and you want to make it that, you will more than likely be required to sprinkler the 3 stories above due to the commercial space below.  This can eat into any sort of profit really quick if not planned.  Fire systems in my neck of the woods require their own supply from the water main.  I looked into this for a commercial building I just bought and digging out to the road for a new fire main water pipe cost almost as much as I paid for the place. :(

@Josh McKnight

@Daniel Hyman

That is good to know. I will definitely take a look into the Ink.  Thanks for the info!  It makes sense you could possibly transfer points because Chase also manages the Marriot card.

We love the Marriott business card.  Free night yearly, and the points build up fast if you like to travel.  There is a $100 a year fee, but we think it's totally worth it!  We put our monthly business expenses on it like phone and internet on there as well and they get extra points over just normal purchases. 

Hey BP!! A few things first: This is my first post about my first (only) commercial property with regards to our very first perspective tenant. Yup, that new…

ANYWAY, I’m looking for advice on an idea I have about renovating a space for a future tenant.

We have a commercial space with 4 offices sharing a shared waiting room.One of which my business partner (and wife) operates her therapy practice out of.

We were approached by an established massage therapy practice who is interested in renting all three offices.

My wife doesn’t feel like she wants to be the only metal health therapist in HER building. She had an idea about a collaborative environment for other therapists.

We also have 800 sqft of area on the 2nd floor that hasn’t been fixed yet and therefore no CofO for that area, but could be renovated and obtained in under two months and about 10k in expenses. It could be improved to be two additional offices very easily.

Is it a good idea to offer to renovate the space FOR them in exchange for a longer lease and higher rent? My idea would be to amortize my expenses in a two year lease.

Also, since we only just finished the renovations on the first floor, we are very cash poor currently and would have to finance the cost of the improvements.

Is there a better way to do this? Is this a terrible idea? Please advise.

THANKS!!!

Dave

Hey BP!! A few things first: This is my first post about my first (only) commercial property with regards to our very first perspective tenant. Yup, that new…

ANYWAY, I’m looking for advice on an idea I have about renovating a space for a future tenant.

We have a commercial space with 4 offices sharing a shared waiting room.One of which my business partner (and wife) operates her therapy practice out of.

We were approached by an established massage therapy practice who is interested in renting all three offices.

My wife doesn’t feel like she wants to be the only metal health therapist in HER building. She had an idea about a collaborative environment for other therapists.

We also have 800 sqft of area on the 2nd floor that hasn’t been fixed yet and therefore no CofO for that area, but could be renovated and obtained in under two months and about 10k in expenses.  It could be improved to be two additional offices very easily.

Is it a good idea to offer to renovate the space FOR them in exchange for a longer lease and higher rent? My idea would be to amortize my expenses in a two year lease.

Also, since we only just finished the renovations on the first floor, we are very cash poor currently and would have to finance the cost of the improvements.

Is there a better way to do this? Is this a terrible idea? Please advise.

THANKS!!!

Dave

Hey, I'm very new to this game, Wife and I just bought our first commercial space 4 months ago and JUST got it up and running.  Anyway...

Check out this link about the biggest employer in the Groton area building and building.

http://www.ctpost.com/local/article/Electric-Boat-...