In real estate business, it is critical to choose wisely when looking for joint venture partners. You have a profile in mind of the ideal individuals you’re willing to work with long-term. You want someone who will share the same values and who can compromise, meeting you half way with full respect. It sure sounds a lot like a marriage, isn’t it? But it is true! A good business partner will literally be someone who will complement your strength and weaknesses, complementing the skills you lack.
Landlords, this stays true in terms of your tenant placements. Given that these clients play a vital role in your real estate projects, they are considered your partners as well. More a client than a tenant, I might add! In fact they are contributors to the game. They are team players indeed! Not only do they take good care of your investment portfolio for you, they pay for your related expenses as well!
Short and sweet!