Office space - do you buy or rent? - GoFuckYourself.com

pornhead · 03-23-2011, 12:57 PM

A business question - do you buy or rent your office space?

twistyneck · 03-23-2011, 12:58 PM

Rent. Office space is cheap now, at least around here.

2MuchMark · 03-23-2011, 01:17 PM

RENT! Office space is dirt cheap and has been for a couple of years now.

Just one thing: Don't pay for your own upgrades to the office such as new walls, demolition of old walls or other configuration changes. We did that in the past and it was an expensive lesson for us. Instead, demand that your landlord do it even if it means paying more rent.

CYF · 03-23-2011, 01:20 PM

I rent office space one cup of coffee at a time

I typically work from home, but when I need to get out I just go grab coffee, or sometimes work at the park in the summer.

CurrentlySober · 03-23-2011, 01:37 PM

Top GFY Biz tip!

Rent OR Buy... Base office space requirements solely around the amount of toilets available.

woj · 03-23-2011, 01:41 PM

Rent unless you are already familiar with real estate and want to expand to that biz...

ThumbLord · 03-23-2011, 02:27 PM

renting is best

Paul Markham · 03-23-2011, 03:00 PM

We bought our office. It's part of our home. LOL

When we had the studio and office we rented on a long lease.

Traffic Guru · 03-23-2011, 03:39 PM

Buy it. Best movie ever ;)

JFK · 03-23-2011, 03:50 PM

I own mine

pornhead · 03-23-2011, 04:11 PM

Quote:

Originally Posted by **********

Just one thing: Don't pay for your own upgrades to the office such as new walls, demolition of old walls or other configuration changes. We did that in the past and it was an expensive lesson for us. Instead, demand that your landlord do it even if it means paying more rent.

Good tip, but not all landlords would do something like this for you, even if you pay more - at least in my renting experience (some landlords wouldn't fix a broken window). So yeah if you make upgrades / changes and then you move you lose your money and time investment. That's one of the reasons I consider buying, right now prices are low.

Quote:

Originally Posted by CurrentlySober

Top GFY Biz tip!

Rent OR Buy... Base office space requirements solely around the amount of toilets available.

Can you give a ratio: number of staff / number of toilets = ?

Quote:

Originally Posted by woj

Rent unless you are already familiar with real estate and want to expand to that biz...

What I'm thinking is that 11 years of renting equals the amount for building (even buying) your own small office. Then on the 12th year you have free office space and an asset and you don't deal with the landlord anymore

.

Quote:

Originally Posted by Paul Markham

We bought our office. It's part of our home. LOL

When we had the studio and office we rented on a long lease.

Do you shoot there? I mean do you have a studio somewhere else?

HomerSimpson · 03-23-2011, 04:25 PM

buy it...
it your business fails you can always rent it

2MuchMark · 03-23-2011, 04:27 PM

Quote:

Originally Posted by pornhead

Good tip, but not all landlords would do something like this for you, even if you pay more - at least in my renting experience (some landlords wouldn't fix a broken window). So yeah if you make upgrades / changes and then you move you lose your money and time investment. That's one of the reasons I consider buying, right now prices are low.

Thats true - it depends on the landlord.... my point was though to make a deal with him to do the mods, and to seriously consider everything before doing the mods yourself.

We dropped $50,000 worth of mods on our old office which was at the time, 6000 square feet of office space. We cut through brick walls, built new ones, repainted the ceiling, extended the air conditioning, etc. I was happy at the time but the building itself was in bad shape (gaps between walls and windows, and an air conditioner which flooded a studio, etc). We gave up the space 3 years later so right now, some other company is enjoying that $50k of mods.

To make matters worse, the company hired to do the mods wanted cash, and they in turn screwed around when it came to taxes, etc. In the end the $50k was NOT tax deductible. It just became a big mess that lasted years.

Herb Kornfield · 03-23-2011, 04:49 PM

Rent ... Office space is far too cheap and plentiful to lock in these days.

pornhead · 03-23-2011, 05:09 PM

The current score is 6 for RENT and 4 for BUY

03-23-2011, 12:57 PM	#1
pornhead Confirmed User Join Date: Apr 2006 Posts: 135	Office space - do you buy or rent? A business question - do you buy or rent your office space?

03-23-2011, 01:17 PM	#3
2MuchMark Videochat Solutions Industry Role: Join Date: Aug 2004 Location: Canada Posts: 48,525	RENT! Office space is dirt cheap and has been for a couple of years now. Just one thing: Don't pay for your own upgrades to the office such as new walls, demolition of old walls or other configuration changes. We did that in the past and it was an expensive lesson for us. Instead, demand that your landlord do it even if it means paying more rent. __________________ VideoChat Solutions \| Custom Software \| IT Support https://www.2much.net \| https://www.lcntech.com

03-23-2011, 01:20 PM	#4
CYF Coupon Guru Industry Role: Join Date: Mar 2009 Location: Minneapolis Posts: 10,973	I rent office space one cup of coffee at a time I typically work from home, but when I need to get out I just go grab coffee, or sometimes work at the park in the summer. __________________ Webmaster Coupons Coupons and discounts for hosting, domains, SSL Certs, and more! AmeriNOC Coupons \| Certified Hosting Coupons \| Hosting Coupons \| Domain Name Coupons

03-23-2011, 01:37 PM	#5
CurrentlySober Too lazy to wipe my ass Industry Role: Join Date: Aug 2002 Location: A Public Bathroom Posts: 38,485	Top GFY Biz tip! Rent OR Buy... Base office space requirements solely around the amount of toilets available. __________________ My AI Handywork... My Dream Gal... XXX 👁️ 👍️ 💩

03-23-2011, 01:41 PM	#6
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	Rent unless you are already familiar with real estate and want to expand to that biz... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

03-23-2011, 12:58 PM	#2
twistyneck So Fucking Banned Join Date: Jan 2002 Location: Hanging by the neck until dead. Posts: 4,660	Rent. Office space is cheap now, at least around here.

03-23-2011, 02:27 PM	#7
ThumbLord Confirmed User Industry Role: Join Date: Jan 2009 Location: Aruba Posts: 1,932	renting is best __________________ We Sell Domains \| ThumbLords \| ICQ 128106905 \| TubeLords \| Traffic Holder \| eRoken

03-23-2011, 03:00 PM	#8
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	We bought our office. It's part of our home. LOL When we had the studio and office we rented on a long lease. __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

03-23-2011, 03:39 PM	#9
Traffic Guru Confirmed User Industry Role: Join Date: Jan 2011 Posts: 357	Buy it. Best movie ever ;)

03-23-2011, 03:50 PM	#10
JFK FUBAR the ORIGINATOR Industry Role: Join Date: Jan 2002 Location: FUBARLAND Posts: 67,382	I own mine __________________ FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX For promo opps contact jfk at fubarwebmasters dot com

03-23-2011, 04:25 PM	#12
HomerSimpson Too lazy to set a custom title Industry Role: Join Date: Sep 2005 Location: Springfield Posts: 13,826	buy it... it your business fails you can always rent it __________________ Make a bank with Chaturbate - the best selling webcam program Ads that can't be block with AdBlockers !!! /// Best paying popup program (Bitcoin payouts) !!! PHP, MySql, Smarty, CodeIgniter, Laravel, WordPress, NATS... fixing stuff, server migrations & optimizations... My ICQ: 27429884 \| Email:

03-23-2011, 04:49 PM	#14
Herb Kornfield Is on the 1 Industry Role: Join Date: Sep 2002 Location: Philly Burbs Posts: 4,996	Rent ... Office space is far too cheap and plentiful to lock in these days.

03-23-2011, 05:09 PM	#15
pornhead Confirmed User Join Date: Apr 2006 Posts: 135	The current score is 6 for RENT and 4 for BUY