Let them talk

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Let them talk (by S i d [MO]) May 24, 2023 1:07 PM

Let them talk (by RB [TN]) May 24, 2023 2:42 PM

Let them talk (by 6x6 [TN]) May 24, 2023 2:55 PM

Let them talk (by Ken [NY]) May 24, 2023 4:41 PM

Let them talk (by Ned [AL]) May 24, 2023 11:31 PM

Let them talk (by S i d [MO]) May 25, 2023 9:26 AM

Let them talk (by 6x6 [TN]) May 25, 2023 12:26 PM

Let them talk (by S i d [MO]) Posted on: May 24, 2023 1:07 PM
Message:

Negotiation is a fine art as well as a science, and I'm continually honing the craft.

One of the first rules I learned is to shut up and let people talk. So here's how that played out today. I have a guy at a commercial property who wants to renew his lease on a month to month. Normally, I only go annually, but he's been good and I told him I'd think on the proposal. He responds thanking me and says he'd be willing to pay $100-$150 more.

I was thinking maybe $50-$75 more, but I'll take $150. Or maybe I'll go with $125 and get some goodwill for not sticking him with the highest amount he offered. Either way, it's a win as this property typically rents within a week or two of coming vacant, even in the winter, so I'm not too worried about any vacancy caused by a turnover at what is normally considered an inopportune time.

Let them talk....

--184.4.xx.xxx

Let them talk (by RB [TN]) Posted on: May 24, 2023 2:42 PM
Message:

Salute ! --24.183.xxx.xxx

Let them talk (by 6x6 [TN]) Posted on: May 24, 2023 2:55 PM
Message:

Good strategy.

I was thinking that commercial was locked in for years at a time?

What kind of commercial is this? --73.190.xxx.xxx

Let them talk (by Ken [NY]) Posted on: May 24, 2023 4:41 PM
Message:

Do you think he is getting nervous about the economy or maybe buying a place? What kind of a shop is it? --74.77.xx.xx

Let them talk (by Ned [AL]) Posted on: May 24, 2023 11:31 PM
Message:

Hush up and listen. Almost always a good strategy. Sigh, us humans like to hear ourselves talk... --74.132.x.xx

Let them talk (by S i d [MO]) Posted on: May 25, 2023 9:26 AM
Message:

Ken, it's an automotive shop with office. Perfect for a small timer whose looking to get out of the shade tree mechanic biz on have 1 or 2 helpers fixing cars.

6x6, some commercial leases are multi-year, but these small automotive bays I rent by the year. I'd do a multi-year with built in rent increases, though, if someone wanted to secure a stable place for awhile. --184.4.xx.xxx

Let them talk (by 6x6 [TN]) Posted on: May 25, 2023 12:26 PM
Message:

Thank you Sid. --73.190.xxx.xxx

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Let them talk

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