Comments by "Joseph Hemingway" (@joelow63) on "How to Negotiate a Commercial Office Lease" video.

  1. great vid
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  2. ask what percentage of office space is being used know that is 90 percent theyre fine but 30 percent they need tou to maximize profit cutthroat if ur public they only want money they dont care but privately is better they understand better ●educate ur client● tell them why its overpriced etc. if broker is annoying u can deal with ceo etc. and make it easier for them u can use other people if ur asking for good deal if theyre stubborn u can also trade office spaces if u want never get a deal broken get creative
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  3. motivation is very important find the motivation of everyone so u get right deal tenant improvement is TI the loger the lease the more u get the more they make so dont get tricked commision is split to seller so 6480 commision half to ur broker half to building owners broker ●they r on same team● broker are tricky they try not to break deal so they get ur money so u cant cancel get a broker thats tied to big company so u cant be tricked (no 1 man shot) brokers only know little bit of market like certain zipcode ask for salespeople that are very specific where they work keep in minde both brokers want most money no matter what
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  4. rent 4 types single net-rare landlord pays entire expenses taxes water etc. double net-u only pay taxes and insurance triple net-u only pay taxes insurance and maintance ???full service gross only 1 check for everything if u have bad credit use a sub lease to pay
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  5. to find lease 1. how much space(plan for future) 2 location 3 affordability(u can negotiate ) 4 term (how long) 5traffic (parking) and foot traffic(to see how good it needs to look) 6 legal (get noninterested attorney so fair for everyone) office types 3types 1a new 2b middle 3c crappy
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