Choosing a Commercial Tenant - Four Things to Watch For
•Download as PPTX, PDF•
0 likes•79 views
Successful entrepreneur Darwin Horan leads Ventana Capital, Inc., as president and CEO. In this capacity, Darwin Horan oversees land development and home building projects and controls one of Colorado’s largest real estate portfolios. This portfolio consists of more than $200 million of residential and commercial property assets.
Recommended
More Related Content
Similar to Choosing a Commercial Tenant - Four Things to Watch For
Similar to Choosing a Commercial Tenant - Four Things to Watch For (20)
More from Darwin Horan
More from Darwin Horan (9)
Recently uploaded
Recently uploaded (20)
Choosing a Commercial Tenant - Four Things to Watch For
- 1. CHOOSING A COMMERCIAL TENANT - FOUR THINGS TO WATCH FOR Darwin Horan
- 2. INTRODUCTION • Successful entrepreneur Darwin Horan leads Ventana Capital, Inc., as president and CEO. In this capacity, Darwin Horan oversees land development and home building projects and controls one of Colorado’s largest real estate portfolios. This portfolio consists of more than $200 million of residential and commercial property assets. Below are four things to watch for when looking for the right commercial property tenant: 1. Failing business: In many cases it’s possible to turn a failing business back into a profitable one. But you may want to inquire about the business’ plan to turn things around before renting to them. While moving can help a business become profitable, it can rarely accomplish this unless the company makes other changes to improve operations. 2. Hazy income: A good commercial tenant has no issue giving you financial details to prove they can afford rent throughout the lease length. When a tenant is reluctant to provide this information, they may be hiding the fact that they can’t afford rent.
- 3. COMMERCIAL TENANT • 3. Rushing verification: No matter how long your property has been empty, do not rush the verification process. And put extra thought into signing a tenant who is encouraging you to rush the verification process. This may be their way of keeping something in their background check hidden from you. 4. Constant complaining: Hearing a couple stories about a bad landlord is normal for many tenants. However, it’s concerning if a potential tenant complains about every landlord they’ve had. It’s possible that they have had very bad luck, but it’s also possible that they were the common problem.