Should Your Company RENT Or BUY Office Space?
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- čas přidán 26. 08. 2024
- So you've been running your company for some time now, and you're wondering, should you buy or rent office space? Today's episode is going to be all about that since I'm also on the lookout for a bigger space for my growing company. check it out!
01:05 Running a business
02:21 When is it time for me to rent?
03:39 Buying versus renting
05:36 The search continues...
07:21 3 Really important things
10:20 Negotiables
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Kris Krohn
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Kris Krohn is not in the business of providing personal, financial or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this document. Also, Kris Krohn, this document, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Kris Krohn does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.
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The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Kris Krohn is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle.
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Mr. Krohn has a financial interest in EPIC Insurance Services, LLC (EPIC), a licensed insurance brokerage agency incorporated in New Jersey, and is compensated by EPIC. See full disclosures here: www.kriskrohn....
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We own the building and rent to ourselves!
We do the same in our event center.
Great minds... ha 👍🏼
can u buy an office building with company's pre tax profit? or it all post tax ? would love to rent to ourselves as the agencies who set our rules make it mandatory to have an office and not do garage office setting
@@KrisKrohn hire me ? I can work from home or travel
This decision is much more in depth than just the leasing cost vs mortgage cost. Building maintenance costs, resale value if you outgrow what you just bought, RE tax adjustments, tenant improvement costs for subtenants, commissions costs for subtenants with brokers, CAM costs, HVAC replacement or maintenance costs, etc... Most people forget when leasing that the landlord's maintenance team is doing a lot more than you think on a daily basis. If you are a company thinking over this, you really should meet with professionals on this instead of youtube videos as every market is different. Unless you work in a specific market, their "knowledge" is useless
Or find a Sublease. A lot of the time it may come with furniture, and as long as the "fit out" to occupy the space is low, you will get an office space for a fraction of the price.
You have generated revenue and forecast all potential overhead costs.
This was super helpful!!! We are in the middle of deciding what’s the best most cost effective way to expand space for our law firm. Your tips helped us “be smart” and consider the things that really matter.
Great content. Learned alot, thanks.
Great Video Thank You.
Where is this? Colorado? It’s gorgeous
Renting out space is the best option
Yes
Could you please make a video on real estate in India please, coz I love real estate it's my passion.
Find real estate gurus in india bro... Marke tis very different.
Great info! Texting and driving one ear out the other it was very distracting brother
Can we also do this in canada?
I don't see why not
driving and texting!!!!
don't forget filming a CZcams video
I saw that and got so angry
Renting is much better, month to month
A bunch of babble get to the points
wow