Listen in as David chats with healthcare real estate expert Colin Carr. Colin begins with his background in real estate in a variety of settings. He then tells the story of how, after seeing physicians do so poorly in deals, he decided to launch a firm dedicated to helping doctors.
Next, Colin explains the top mistakes he sees physicians and practices make when it comes to their real estate—including do-it-oneself, not performing adequate due diligence and more—and what that will cost them in the long run.
He then discusses the significance of timing, in terms of when to make the ‘rent vs. own’ decision, when to contact a landlord on a possible lease renewal, and even when to reach out to potential real estate agents.
Colin wraps up by sharing how physicians can find an ethical, competent real estate agent they can trust.
What You’ll Learn:
- How seeing physicians do poorly in negotiations made Colin focus on healthcare in his real estate career
- The top mistakes he sees physicians and practices make when it comes to their real estate
- What a landlord thinks when they are approached by a renewing or potential new tenant who is not represented
- Why doing the proper due diligence on the marketplace is crucial – even if you don’t want to move
- The importance of timing – in terms of when to make the ‘rent vs. own’ decision, when to contact a landlord on a possible lease renewal, and even when to reach out to potential real estate agents
- Why the first outreach on a potential deal or renewal is paramount
- How physicians can find an ethical, competent real estate agent they can trust
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