Healthcare providers are always looking for ways to improve the quality of care they provide to patients. One way to do this is by ensuring that your healthcare practice has the right physical space. After all, the quality of your physical space can have a direct impact on the quality of care you’re able to provide.
That’s why it’s so important to think like a landlord when making real estate decisions for your healthcare practice. When you’re able to see your healthcare practice from a landlord’s perspective, you’ll be in a much better position to make sound real estate decisions that will benefit your practice—and your patients—in the long run.
What Does it Mean to Think Like a Landlord?
When we say “think like a landlord,” we mean that you should approach real estate decisions for your healthcare practice with a long-term mindset. This means taking into consideration not only your current needs, but also your future needs. It may be tempting to cut corners now in order to save money, but this could end up costing you more in the long run if it means having to move or expand your practice down the road.
In order to think like a landlord, you need to take a step back and look at your healthcare practice as if it were an investment property. This means considering things like square footage, location, amenities, and even parking and public transportation options.
Why is it so Important to Think Like a Landlord?
When you think like a landlord, you’re effectively looking at your healthcare practice from a bird’s eye view. This allows you to take into consideration things that you may not have considered before, such as future growth or changes in the local community. By thinking about these things ahead of time, you can make decisions now that will help accommodate any future needs of your practice.
Additionally, thinking like a landlord gives you more bargaining power when it comes time to negotiate leases or purchase agreements. Landlords with tenants who are looking at their properties as long-term investments are typically more willing to negotiate on things like price or terms than those who are not. So, by thinking like a landlord when making real estate decisions for your healthcare practice, you may be able to get better terms and save money in the long run.
Making sound real estate decisions for your healthcare practice is essential for providing high-quality patient care. However, it can be difficult to know where to start—especially if you’re not sure what kind of space you need or how much you can afford to spend. That’s why it’s so important to think like a landlord when making real estate decisions for your healthcare practice and to ask for assistance from experienced healthcare real estate brokers like HBRE. By taking into consideration both your current and future needs, you’ll be in a much better position to find the right space for your practice—and ensure that your patients receive the best possible care.
About HBRE
Headquartered in Nashville, Tennessee, HBRE is a full-service commercial real estate firm specializing in healthcare real estate. With over 50 years of combined industry experience serving 28 states across the U.S., we deliver exclusive healthcare solutions so you can provide the best patient care.If you have any questions about leasing, buying, or selling a commercial property in Nashville or beyond, connect with our team today.
