The HPRG Blog
The HPRG Blog
With over 20 years of experience, we take the hassle out of finding new dental space for lease and for purchase. You're busy running your practice, so let our team do the heavy lifting for you. Don't go it alone!
Charles Feitel

Why The Rent Is Always TOO DAMN HIGH

Why The Rent Is Always TOO DAMN HIGH

2/17/2020 5:58:27 AM   |   Comments: 0   |   Views: 16

Remember Jimmy McMillan? This is the perpetually black-gloved guy with the over-the-top personality and delightfully outlandish mustache and haircut. A few years back, he made for a welcome respite from the too-deadly seriousness of the political discourse.
 

He ran for a variety of political offices back then, including for President. This President’s Day, I say it’s time to resurrect his candidacy. That’s because while he had (and continues to have) some decidedly wacky ideas, one that isn’t is his core message. And this message is “THE RENT IS TOO DAMN HIGH.”
 

The inexorable rise of inflation that jacks up rental rates is bad enough. There’s nothing you can do about that. But one thing you can do something about are the underhanded tricks of unscrupulous landlords who get ever more expert at fleecing their tenants. Listen to Jimmy, the outrageous prophet of the street whose flamboyant exterior belies the message he carries in his heart: 
 

YOU DON’T HAVE TO PAY OUTRAGEOUS RENTAL RATES!
 

Far too often, dental professionals like yourself pay way more in lessee costs than they should. This happens because too many of them want to stubbornly go it alone when it comes to finding office space. They erroneously believe that they’ll have to pay for the services of a dental real estate agent. 
 

What they don’t realize is that the cash to pay for one comes out of the landlord’s pocket—not yours. Going it alone is so unnecessary. Also, it keeps you completely unprotected from the predatory behavior of shady building owners who have zillions of ways to separate you from your hard-earned money. 
 

One way they can deceive you is through the crafty use of rent escalation clauses. In most markets, leases come with an annual escalation rate. This means that every year, your rent will go up a certain percentage if pre-agreed on triggers are activated. 
 

Landlords need to do this so that what they charge you for leasing the space keeps pace with inflation, tax increases, and hikes in operating expenses. However, the primary reason for escalation clauses is so that he continues to make a profit. That’s why he got into the business in the first place.
 

Can you blame him? 
 

I’m sure you’re not going to begrudge the building owner making a little money. But if landlords improperly use rent escalators, you'll end up paying thousands of dollars more than you should. And if you’re not a dental real estate professional with years of experience, you’re not going to be able to adequately protect yourself from shifty landlords. These are people who have spent years mastering the art of deceiving unsuspecting dental practitioners. 
 

Look—your expectations aren’t unreasonable. You merely want to pay what you should pay and not a penny more. At HPRG, we totally agree with you. You need someone uniquely qualified to make sure your expectations are met.
 

And guess what? You can find one of these professionals at HPRG. We call them tenant reps. Don’t let the nightmare scenario of getting taken for a ride by an unscrupulous landlord be your bitter experience. Call HPRG today, and you'll no longer be saying, "THE RENT IS TOO DAMN HIGH!"


That's because, for you, it will no longer be.  

 

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