In this video, Tim Brown returns to speak with Dr. Suham Alexander about the advantages of owning the practice premises versus being owned by the landlord of the premises. Overall, owning the building is a much more palatable option for the following reasons:
- No lease or landlord issues to deal with
- Lease clauses can be difficult to navigate – relocation, demolition, renegotiations etc.
- Attractiveness of the practice increases when the real estate is part of the deal
In short, when considering buying or relocating a practice, making an investment in real estate, even in today’s market, is very worthwhile. It may cost more up front but, in the end it will be worth the returns.
Full Video Interview