Jerry discusses the process of vetting potential customers for commercial properties. He emphasises the importance of conducting background checks, such as company checks, credit information and references, to ensure the reliability and stability of the client. He shares a number of observations and ways to ensure a potential client is a good fit for your offer  

KEY TAKEAWAYS

Prioritise clients with a long-term vision and stable business plans. This ensures a more reliable rental income and reduces customer churn.

Ensure that the potential client's requirements align with your property's offerings. A well-matched business is more likely to have a successful occupancy and maintain positive relationships with other customers.

Set clear expectations about the contract agreement to avoid misunderstandings or conflicts later on. A transparent agreement ensures that both parties understand their rights and responsibilities.

Find out why the potential client wants to take space with you and where they are coming from. This helps determine their intentions and if there are any potential red flags.

Look for clients who demonstrate good communication skills and behave professionally. Open and honest communication makes it easier to work with the client and reduces potential issues in the future.

BEST MOMENTS

"Recognising [red flags] early on can save you from potential headaches down the line."

"A well-matched business is more likely to stay longer term and maintain a positive relationship with you and with other customers."

"Finding out about their business goals and growth plans can help determine whether they're going to be suitable for a long term stay."

"A transparent agreement ensures that both parties understand their rights and responsibilities, reducing the likelihood of any disputes further down the line."

"If something doesn't quite sit right, then pay attention to that sixth sense."

JOIN THE NETWORK

If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours.

Useful Links:

CPI Website - https://commercialpropertyinvestor.co.uk/
Our Sponsors -  https://commercialpropertyinvestor.co.uk/podcast-sponsors/

Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

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Jerry discusses the process of vetting potential customers for commercial properties. He emphasises the importance of conducting background checks, such as company checks, credit information and references, to ensure the reliability and stability of the client. He shares a number of observations and ways to ensure a potential client is a good fit for your offer  
KEY TAKEAWAYS
Prioritise clients with a long-term vision and stable business plans. This ensures a more reliable rental income and reduces customer churn.
Ensure that the potential client's requirements align with your property's offerings. A well-matched business is more likely to have a successful occupancy and maintain positive relationships with other customers.
Set clear expectations about the contract agreement to avoid misunderstandings or conflicts later on. A transparent agreement ensures that both parties understand their rights and responsibilities.
Find out why the potential client wants to take space with you and where they are coming from. This helps determine their intentions and if there are any potential red flags.
Look for clients who demonstrate good communication skills and behave professionally. Open and honest communication makes it easier to work with the client and reduces potential issues in the future.
BEST MOMENTS
"Recognising [red flags] early on can save you from potential headaches down the line."
"A well-matched business is more likely to stay longer term and maintain a positive relationship with you and with other customers."
"Finding out about their business goals and growth plans can help determine whether they're going to be suitable for a long term stay."
"A transparent agreement ensures that both parties understand their rights and responsibilities, reducing the likelihood of any disputes further down the line."
"If something doesn't quite sit right, then pay attention to that sixth sense."
JOIN THE NETWORK
If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours.
Useful Links:
CPI Website - <a href="https://commercialpropertyinvestor.co.uk/" data-saferedirecturl="https://www.google.com/url?q=https://commercialpropertyinvestor.co.uk/&amp;source=gmail&amp;ust=1710415536291000&amp;usg=AOvVaw3PdLYxcnk6n_fQIdOKdPVw">https://commercialpropertyinvestor.co.uk/</a> Our Sponsors -  <a href="https://commercialpropertyinvestor.co.uk/podcast-sponsors/" data-saferedirecturl="https://www.google.com/url?q=https://commercialpropertyinvestor.co.uk/podcast-sponsors/&amp;source=gmail&amp;ust=1710415536291000&amp;usg=AOvVaw1G5DEN8BXQT2mMigAh3BLj">https://commercialpropertyinvestor.co.uk/podcast-sponsors/</a><a href="https://www.commercialpropertyinvestor.co.uk/" rel="payment">Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/</a>

The Commercial Property Investor Podcast is for aspiring property investors. You might be tired of Residential investing and want to move into the exciting world of commercial real estate investment. You just need the knowledge and confidence to get started and an abundance mindset to grow your portfolio. Host Jerry Alexander & his guests share the key steps to Commercial Property success. You will be kept up-to-date through weekly interviews & conversations relating to many Commercial Property strategies including:

Flexspace, Coworking, Aparthotel, CMO & Multilet property, Commercial to Residential conversion, Retail, Office space, industrial and Self storage.

Weekly inspiration from the world of Commercial Property Investing

Commercial Property Investor Podcast

Are you tired of Residential investing and want to move into the exciting world of commercial real estate investment? You just need the knowledge and confidence to get started and an abundance mindset to grow your portfolio. Host Jerry Alexander & his guests share the key steps to Commercial Property success. You will be kept up-to-date through weekly interviews & conversations relating to many Commercial Property strategies including: Flexspace, Coworking, Aparthotel, CMO & Multilet property, Commercial to Residential conversion, Retail, Office space, industrial and Self storage.

Are you tired of Residential investing and want to move into the exciting world of commercial real estate investment? You just need the knowledge and confidence to get started and an abundance mindset to grow your portfolio. Host Jerry Alexander &amp; his guests share the key steps to Commercial Property success. You will be kept up-to-date through weekly interviews &amp; conversations relating to many Commercial Property strategies including: Flexspace, Coworking, Aparthotel, CMO &amp; Multilet property, Commercial to Residential conversion, Retail, Office space, industrial and Self storage.

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