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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
I'm here for SPORT
Industry Role:
Join Date: Jul 2001
Location: Phone # (401) 285-0696
Posts: 41,470
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i don't do anything small
ok, first venture into commerical real estate...
got a offer in on a 24,000 sq foot office building here - will know in a month after all bld inspections and what not if i buy it or not. till then it's secured with my deposit. if all goes well it turns into about 100 small office rents with shared receptionist and board rooms.... starting with 100 renters LOL
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#2 |
I'm here for SPORT
Industry Role:
Join Date: Jul 2001
Location: Phone # (401) 285-0696
Posts: 41,470
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started out cause i wanted to RENT one small 150 sq foot office with shared receptionist and board room and such and the only ones that existed here SUCKED so i figgured there has to be a market for it.
same priciple as sleazydream at the first - making what I wanted as a consumer. so i needed 150 sq feet and bought 24,000 i think i need my head examined
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#3 |
Confirmed User
Join Date: Apr 2007
Location: UK
Posts: 1,987
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haha dude that sounds awesome! Also sounds like BIG business....
Is the capital you needed from Mr Bank Manager, or personal funds? I guess if you've already secured renters then it's not a problem anyways ![]()
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#4 |
I'm here for SPORT
Industry Role:
Join Date: Jul 2001
Location: Phone # (401) 285-0696
Posts: 41,470
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bank, mine and an investor.
have to renovate to get to 100 offices so it is a bit of a gamble actually
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This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog! Now read without the word dog. |
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#5 |
Confirmed User
Industry Role:
Join Date: May 2003
Location: Netherlands
Posts: 3,024
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That's a great example of "being part of the SOLUTION"
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#6 |
Confirmed User
Join Date: Apr 2007
Posts: 1,199
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that sounds really big business...........
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#7 |
Confirmed User
Join Date: Oct 2006
Posts: 749
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You're gonna START with 100 renters? Does that mean you already have 100 people lined up to rent, deposits in hand?
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Deranged World |
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#8 |
Too lazy to set a custom title
Industry Role:
Join Date: Sep 2003
Location: Canuckstikan
Posts: 22,738
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Congrads and hope the inspections goes well.
Can't wait to see it ;-)
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#9 |
Ik ben een aap
Industry Role:
Join Date: Sep 2002
Location: Traffic Force Towers, Canada!
Posts: 18,874
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If you found it hard to get some good office space for yourself then you're right in assuming tons of other people are finding the same problem. Without too many details it does sound like a good deal for you.
All the best with it, hope it works out for you. |
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#10 |
Bad Mo-Fo
Industry Role:
Join Date: Jul 2001
Location: Seattle, WA
Posts: 2,772
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Sounds like a good plan. I have actually seen that business model before. There are also buildings that rent out like that for individual meetings too.
Good luck man! |
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#11 |
Too lazy to set a custom title
Join Date: Nov 2002
Location: Earth
Posts: 14,622
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Just a heads up but this is a management intensive situation. Otherwise i know a few people that do this vry well.
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#12 |
Registered User
Join Date: Apr 2007
Posts: 50
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Sounds like your already balls deep into this.
I hope you considered that it will take anywhere between 2-4 years to fill all 100 offices, and that most opperations of that scale, have 5-6 office empty at any time during renovations. Also, you should vary the size of each office, and make avaiable for expantion into other units- Ie, when your first tenants move in, spread em out, so that if they grow they can grab the office next to the one they already rent. Shit- I'm going back into property management mode...there was a reason I quit that job ![]() Good luck |
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#13 |
Confirmed User
Join Date: Sep 2001
Location: The Global Digerati Village
Posts: 6,265
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This post is worthless without any pictures.
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#14 |
Too lazy to set a custom title
Join Date: Jan 2003
Location: Los Angeles
Posts: 10,559
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Congrats. Sounds like a good move.
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#15 |
In Tushy Land
Join Date: Oct 2002
Location: Nebraska
Posts: 40,149
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that's awesome. hope all your inspections come back good and you have have some good tenants. Could be a great investment! Do you have a management group that will be handling most of the tenants for you?
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#16 |
Outside looking in.
Industry Role:
Join Date: Feb 2005
Location: To Hell You Ride
Posts: 14,243
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Someone should set an outfit up that does this with virtual offices online yet you get a phone number and mailing address as well. You login to get your voicemails and msgs etc.
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#17 |
Confirmed User
Join Date: Apr 2007
Posts: 1,292
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I'm a customer of exactly this kind of business, except we don't use the premises. They get our mail, send it back out, and if we're ever in Las Vegas, we have a place to have meetings, conduct business, work out of, etc should we need it.
They will also answer phones for us, but we don't need this. |
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#18 |
Let's do some business!
Industry Role:
Join Date: Sep 2004
Location: Austin, TX
Posts: 31,323
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That means you'll be managing 100 people/companies. Sounds fun!
Actually I'm betting you already have somebody or a service lined up to take care of this for you. Sounds pretty fun. Though I wonder, you really only wanted a 150sq foot office?
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#19 |
Spread The Pink!
Join Date: Nov 2004
Location: pinktown!
Posts: 8,229
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smooth move sleazy dude!
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#20 |
Etology.com
Industry Role:
Join Date: Jul 2005
Location: Hollywood CA
Posts: 18,386
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nice move
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#21 |
Confirmed User
Join Date: Feb 2005
Location: Café del Mar
Posts: 5,162
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good luck with the deal
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#22 | |
!$!$!$!$!$!$!$!$!$!$
Join Date: Dec 2004
Location: Paper Street
Posts: 6,158
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Quote:
Good luck on that SD - it's not going to be easy but could potentially be quite a windfall.
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#23 |
FBOP Class Of 2013
Industry Role:
Join Date: Jan 2004
Location: bumfuck, ky
Posts: 35,562
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#24 |
Confirmed User
Industry Role:
Join Date: Jan 2007
Location: Mid-West!
Posts: 1,575
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That's really exciting. Looking forward to hearing how this turns out for ya.
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#25 |
Confirmed User
Join Date: Oct 2006
Location: Sin City
Posts: 1,823
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Do we have to call you Mr. Dreams, or Lord Sleazy now?
Sounds great good luck to you. |
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#26 |
lurker
Industry Role:
Join Date: Aug 2002
Location: atlanta
Posts: 57,021
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congrats and best of luck
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#27 |
Confirmed User
Industry Role:
Join Date: Jun 2003
Location: Los Angeles, CA
Posts: 512
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Sounds like http://www.hq.com/ BTW, if it goes through, see if removeable or sliding walls are an option when renovating so customers can expand their offices easier. I have no idea if this is possible, just a thought.
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#28 |
Pounding Googlebot
Industry Role:
Join Date: Aug 2002
Location: Canada
Posts: 34,473
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You'd be surprised how many people need an office that small and how hard it is to find it. I have 2 of these myself, one for me and the other for staff. These are mostly for short-term leasers but the demand is certainly there.
WG
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#29 |
Crazy Aussie Bastard
Industry Role:
Join Date: Aug 2005
Location: Wherever I lay my hat, that's my home.
Posts: 16,787
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With such a 100 renter risk spread a nice managed scenario.
Good luck Scott ! ;-)
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#30 |
The Dirty Frenchman
Industry Role:
Join Date: Nov 2005
Location: Lost Angeles
Posts: 8,904
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Executive suites like you're opening are pretty popular with small businesses who don't want to eat all the costs of running a complete office. Sounds like a good bet.
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#31 |
..........
Industry Role:
Join Date: Aug 2004
Location: ..........
Posts: 41,917
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that lightspeed cash T was pretty small ;)
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#32 |
Registered User
Industry Role:
Join Date: Oct 2001
Posts: 12,122
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Gooo man gooo hope it rocks
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#33 |
Registered User
Industry Role:
Join Date: Oct 2001
Posts: 12,122
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Huuuuuzaaaah
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#34 |
Confirmed User
Join Date: May 2006
Posts: 2,640
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good luck :-)
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