What to Ask of an Industrial Real Estate Broker
Whether this is your first time investing in industrial real estate or you’re a seasoned investor, you’re going to have questions. The market changes all the time and there’s always new things to know.
At HOWE Louisville, we work with real estate investors and small business owners who are interested in industrial spaces. We know this can be a daunting process for investors (experienced or not), so our goal is to provide unrivaled support.
When thinking about investing in industrial real estate, you’re also thinking about what industrial broker to work with and what you should be asking them to make sure he/she is meeting your needs.
For this article, our team at HOWE Louisville, wanted to with you what questions you should be asking a potential industrial real estate agent that you are thinking of hiring.
Ask the real estate agent who they represent. Some of these agents actually represent the landlord, which is a problem. if the agent is representing the landlord, you can guess who he/she is loyal to. Likely, if you see this broker’s name outside a property, he/she is not representing you and won’t assist you in the best way possible.
Ask the real estate agent what his/her qualifications are. After asking this question, you should get a thorough answer from the real estate agent. The agent should be able to show you examples of recent clients and transactions similar to you. You want an agent with a recent and successful track record. You want an agent who shares specifics and doesn’t over generalize his/her experience.
Ask the real estate agent how he/she achieved those results. Be direct with this question. You need to get clear details of the process he/she used to get their clients a great lease rate and term.
Not only should you be asking these questions, your potential agent should be asking you questions, as well. The questions the agent asks you can also reveal how much he/she is experienced. Your potential agent should ask you is what your best and worse-case needs are in the future. This question shows the agent cares about this property will serve you now and in the future.
Listen carefully to an agent’s answers to your questions. If you like his/her answers and feel confident in his/her knowledge and experience, it can make the investing process smoother and easier.
Looking for Louisville Industrial Properties for Sale?
Like most things in life, communication is key. Get to know the agent you’re thinking about working with. This agent can help make this process better or worse for you, depending o who you choose. Industrial properties are a great way to diversify your investment portfolio, so you’ll want to dedicate time to finding the right agent to help you make this investment happen.
Whether you’re new to investing or a long-time investor, you can benefit from investing in an industrial space, especially with our team at HOWE Louisville looking out for your best interests.
If you would like to know more about the many benefits of investing in an industrial property in Louisville, our team will be more than happy to answer all your questions. Please contact our team at HOWE to hear about our past clients, experiences, and successes.
Let our team of professionals at HOWE Louisville help you get started on looking for industrial property. We work with buyers, sellers, lessors and lessees across all property types in and around Louisville. To contact us, send us an email or call 502-890-4475.