Thursday, October 25, 2007

3 Dos & Don'ts In Office Space Rentals (Office Space Realtor)

Office Space Realtor – Office space rentals can make or break a small business. With the right office space rentals, your business is equipped to reach its full potential. But on the other hand, it can leave you bootstrapped for years.

Here are the office space realtor's, office space rentals "Dos"

1.Before you start looking for an office space, you must be clear on the goals of your business and criterias that your business requires.

a. How much office space do you actually require?
b. Will be easily accessible for your customers?
c. Will the office space rentals temporary or do you forsee that your business will be moving again in a few years?

The answers to these questions can help you decide whether or not a location is capable of helping you achieve your goals.

2.Understand that the decision to rent an office space is a business decision not an emotional one. Thus business decisions should be made on setting a predetermined budget on how much you are willing to spend, geographic range, and minimum square footage.

3.Just do not settle for the first office space you see. Do shop around. Why? Because in today's market, there are many choices that are available for savvy entrepreneurs. In some situations, you may even be able to rent a more affordable office space and conduct most of your business through the phone or internet.

4.If you are unsure how much office space you need in 5 years, a rental renewal options is worth considering. Because it is a great way to secure some of the benefits of a long-term rental agreement and at the same time retain the flexibility of a short-term contract. Even though the original office space rentals for a short period of time, tenants have the choice to renew the rental every few years.

Now, here are the office space realtor's office space rentals "Don'ts"

1.The biggest mistakes most business owners make is to agree on long rental terms and large amounts of office space in an attempt to keep the cost per square foot low. However this decision on making little savings now normally ends up in disastrous consequences in the future.

2.Although you are the business owner and the boss, do not do it yourself. Hear out the opinions of others in your company to help in decision making process. This is worth doing because the real estate market is not as straightforward as it seems. It is easy to get blindsided by something that seems like a no-brainer.

3.Violate your rental agreemeent. It is vital that you follow the rules and regulations of your agreement. Even minor violations may jeopardize your the future rentals, especially if you are planning to renew your rental once your current office space rentals expire.

office space realtor