Should we rent to a hair salon?

[Julie Beall]

We are a little newer to commercial real estate. We have three commercial RE properties but this is the first time we have had a salon request to lease.

Are salons a good tenant? What should I know?

[Bob Langworthy]

@Julie Beall I have not rented to a hair salon, but I bought a building that had a hair salon in it. What I know is it was a major remodel to get that space looking decent. Even though they had cleaned up fairly well, there was still hair wedged under all of the baseboard trim, plumbing in random places, extra lights added to the ceilings, and a smell that was hard to get rid of. So if you rent to a hair salon, I would ask for a larger security deposit.