Imagine owning a club and the real estate it sits on.
You could hike up the rent, right?
But that could put you, the ultimate owner, in a precarious position.
You'd be walking a tightrope, trying to balance maximizing the value of your real estate and maintaining a sustainable business model.
Jacob Thomas found himself in a similar situation.
He had some insider knowledge, thanks to his involvement in past discussions and the fact that there were three other spaces in the building that were rented out.
But when it came to the new lease, he had to hire someone to help him understand it.
Despite the challenges, he had faith in his partners, trusting that they would work hard to ensure his success.
Look for this episode with Jacob Thomas on the HALO Talks Podcast at www.halotalks.com and be sure to subscribe to get notified.
Jacob Thomas: https://www.youtube.com/@razorsharp9705
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