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The Complex World Of Commercial Tenants With Greg Schenk
Manage episode 338591632 series 3364636
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Welcome back to the Mario Dattilo Show Podcast, Hosted by Mario Dattilo. On this episode of the Mario Dattilo Show Podcast, Mario talks with commercial real estate broker and educator Greg Schenk. The two discuss the complexities of commercial leasing transactions, whether companies should lease or own their space, risks vs rewards in office and retail property, the effects of remote work on office space, value add strategies, and a lot more. This episode is great for real estate investors and entrepreneurs and is highly actionable.
About Greg:
36 years award winning hall of fame inducted exclusive tenant rep advisor
Helping companies put together strategic plans and implement them for the real estate facilities and investment properties nationwide.
25 years national speaker teacher trainer mentor and coach.
25 year national investor in multiple product types from office buildings hotels student housing retail centers mixed-use , apartments, senior living
https://schenkcompany.com
Find out more about Mario at MarioDattilo.net
Talking Points:
02:03 - Greg Schenk's story
05:15 - Greg's investment career
9:06 - Not everyone should self-manage their property
14:10 - Having a business plan for real estate (landlord & tenant)
17:14 - Should a company own or lease their space?
24:52 - Office space and the remote work trends
29:01 - Huge risk vs reward with commercial tenants
34:03 - Expense arrangements in commercial leases
38:00 - The affect length of lease has on value
42:23 - Keeping up with inflation in long term leases
48:26 - Engaging representation early in a deal
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