i don't do anything small

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  • SleazyDream
    I'm here for SPORT
    • Jul 2001
    • 41470

    #1

    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
    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.
  • SleazyDream
    I'm here for SPORT
    • Jul 2001
    • 41470

    #2
    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
    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.

    Comment

    • Goodings Media
      Confirmed User
      • Apr 2007
      • 1987

      #3
      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
      ICQ: 446-568-913 Email: liam||goodingsmedia.com msn: [email protected]

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      • SleazyDream
        I'm here for SPORT
        • Jul 2001
        • 41470

        #4
        bank, mine and an investor.

        have to renovate to get to 100 offices so it is a bit of a gamble actually
        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.

        Comment

        • Marie
          Confirmed User
          • May 2003
          • 3024

          #5
          That's a great example of "being part of the SOLUTION"
          Maria - maria at photorama.nl - Photorama International
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          • nikooo
            Confirmed User
            • Apr 2007
            • 1199

            #6
            that sounds really big business...........

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            • schneemann
              Confirmed User
              • Oct 2006
              • 749

              #7
              You're gonna START with 100 renters? Does that mean you already have 100 people lined up to rent, deposits in hand?
              Deranged World

              Comment

              • Jman
                Already an AI veteran
                • Sep 2003
                • 22833

                #8
                Congrads and hope the inspections goes well.

                Can't wait to see it ;-)
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                • Ross
                  Ik ben een aap
                  • Sep 2002
                  • 18874

                  #9
                  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.

                  Comment

                  • HeadPimp
                    Bad Mo-Fo
                    • Jul 2001
                    • 2772

                    #10
                    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!

                    Comment

                    • slapass
                      Too lazy to set a custom title
                      • Nov 2002
                      • 14625

                      #11
                      Just a heads up but this is a management intensive situation. Otherwise i know a few people that do this vry well.

                      Comment

                      • Owen22
                        Registered User
                        • Apr 2007
                        • 50

                        #12
                        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

                        Comment

                        • Quotealex
                          Confirmed User
                          • Sep 2001
                          • 6265

                          #13
                          This post is worthless without any pictures.

                          Comment

                          • AmeliaG
                            Too lazy to set a custom title
                            • Jan 2003
                            • 10668

                            #14
                            Congrats. Sounds like a good move.
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                            • Sosa
                              In Tushy Land
                              • Oct 2002
                              • 40149

                              #15
                              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?

                              Comment

                              • DateDoc
                                Outside looking in.
                                • Feb 2005
                                • 14243

                                #16
                                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.

                                Comment

                                • Humpy Leftnut
                                  Confirmed User
                                  • Apr 2007
                                  • 1292

                                  #17
                                  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.
                                  Humpy Leftnut - Pornsumer Reviews

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                                  • Sly
                                    Let's do some business!
                                    • Sep 2004
                                    • 31379

                                    #18
                                    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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                                    • tASSy
                                      Spread The Pink!
                                      • Nov 2004
                                      • 8229

                                      #19
                                      smooth move sleazy dude!

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                                      • BAKO
                                        Don’t be a short Imp
                                        • Jul 2005
                                        • 18482

                                        #20
                                        nice move
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                                        • cranki
                                          Confirmed User
                                          • Feb 2005
                                          • 5162

                                          #21
                                          good luck with the deal any new ambushes in the making? ;-)

                                          Comment

                                          • luv$
                                            !$!$!$!$!$!$!$!$!$!$
                                            • Dec 2004
                                            • 6158

                                            #22
                                            Originally posted by schneemann
                                            You're gonna START with 100 renters? Does that mean you already have 100 people lined up to rent, deposits in hand?
                                            I believe he was referring to the thread title when he wrote that sentence, not implying he had 100 people lined up to rent.

                                            Good luck on that SD - it's not going to be easy but could potentially be quite a windfall.
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                                            • Jace
                                              FBOP Class Of 2013
                                              • Jan 2004
                                              • 35562

                                              #23
                                              Originally posted by BusterPorn
                                              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.
                                              there are tons of companies already doing this

                                              Comment

                                              • Steve Awesome
                                                Confirmed User
                                                • Jan 2007
                                                • 1575

                                                #24
                                                That's really exciting. Looking forward to hearing how this turns out for ya.

                                                Comment

                                                • EBORG9
                                                  Confirmed User
                                                  • Oct 2006
                                                  • 1823

                                                  #25
                                                  Do we have to call you Mr. Dreams, or Lord Sleazy now?
                                                  Sounds great good luck to you.
                                                  Last edited by EBORG9; 04-26-2007, 04:21 PM.

                                                  Comment

                                                  • tony299
                                                    lurker
                                                    • Aug 2002
                                                    • 57021

                                                    #26
                                                    congrats and best of luck

                                                    Comment

                                                    • DigitalPimp
                                                      Confirmed User
                                                      • Jun 2003
                                                      • 512

                                                      #27
                                                      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.
                                                      Last edited by DigitalPimp; 04-26-2007, 04:34 PM.

                                                      Comment

                                                      • WiredGuy
                                                        Pounding Googlebot
                                                        • Aug 2002
                                                        • 34515

                                                        #28
                                                        Originally posted by Sly
                                                        Though I wonder, you really only wanted a 150sq foot office?
                                                        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
                                                        I play with Google.

                                                        Comment

                                                        • CuriousToyBoy
                                                          Crazy Aussie Bastard
                                                          • Aug 2005
                                                          • 16787

                                                          #29
                                                          With such a 100 renter risk spread a nice managed scenario.

                                                          Good luck Scott !

                                                          ;-)
                                                          Celebs
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                                                          • dissipate
                                                            The Dirty Frenchman
                                                            • Nov 2005
                                                            • 8904

                                                            #30
                                                            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.

                                                            Comment

                                                            • seeric
                                                              ..........
                                                              • Aug 2004
                                                              • 41917

                                                              #31
                                                              that lightspeed cash T was pretty small ;)

                                                              Comment

                                                              • Xenophage
                                                                Registered User
                                                                • Oct 2001
                                                                • 12122

                                                                #32
                                                                Gooo man gooo hope it rocks

                                                                Comment

                                                                • Xenophage
                                                                  Registered User
                                                                  • Oct 2001
                                                                  • 12122

                                                                  #33
                                                                  Huuuuuzaaaah

                                                                  Comment

                                                                  • en21
                                                                    Confirmed User
                                                                    • May 2006
                                                                    • 2640

                                                                    #34
                                                                    good luck :-)
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