Executing a Master Lease Agreement
Picture this...
A 5 unit apartment building in a sought after Bay area market. The rents are well below market rate because the owners just want good, reliable tenants. Only 2 of the 5 units are occupied with paying tenants. The remaining 3 units are occupied by the owners, the owners adult child reserves another unit and the 3rd is basically storage.
I'm thinking long game here, but how/where do you start the approach? This is indeed a business of relationships, and I need advice on how to woo.
Any one have any success with executing a Master Lease Agreement?
I could definitely use a playbook!