#0018 Knowledge is Power Confessions of a Recovering Landlord

In 1597, Sir Francis Bacon is quoted as saying - “Knowledge is Power.” That’s as true today as it was when he said it and it’s our topic today on the Confessions of a Recovering Landlord podcast.

Can you think of a single situation in which you’re better off when you know less than the person trying to sell you something?

The landlord counts on the fact that you aren’t in the real estate business. That means limited market knowledge.

The less you know, the more the landlord can take advantage.

It’s especially true when renewing an existing lease.

There is a dramatic disparity in knowledge.

Professional landlords with professional leasing agents and professional property managers do hundreds of lease deals a year.

Tenants usually do 1 or only a few deals every 5 years.

Whether you intend on moving or not, you need knowledge from inside the market every time you do a lease.

So what’s the best way for a tenant to get the knowledge they don’t have?

Is it more important than ever now with the world of COVID-19?!?

REATA Commercial Realty, Inc. is our sponsor. Find out more at www.TexasTenantRep.com or call 972-677-0028.