I'm evaluating my first potential commercial deal and it hit me: What professionals should i have lined up BEFORE I put in a bid?
At a minimum I'll eventually need
- Property Manager
- RE Attorney
- Insurance Agent
Not sure if it changes the answer but I'm looking at a smaller medical office building with one tenant.
I'd say get quotes for the ongoing costs (PM, insurance) so that you can properly estimate them in your ROI. The PM should be able to give you more information on the vacancy rates in your area for commercial space so that you can properly account for that as well.
Once you close you can make the final call on which providers to use.
Hey @Account Closed ! Always great to see you around these parts!