Category Archives: Rental Tips

Below is the archive of all blog articles related to the category “Rental Tips”.

Medical Office Lease Mistakes Doctors Forget About

Leasing a medical office can be a difficult process due to the liabilities and burdens that come with it. While the process can be laborious, it is important to maintain a checklist of important things to remember throughout the process. Because a doctor’s specialty is patient care, the legal and real estate components can be easily looked over. Medical office leases can also be very different from regular commercial spaces or residential leases. Below you will find some common mistakes doctors make during the process of leasing a medical office in Los Angeles.

1. Use Provisions

Because medical offices are much different than regular corporate offices or businesses, use provisions are necessary. Medical offices often require the use of X-rays, CT scans, and other machines that could have negative health impacts due to the radiation emitted.

Be sure to inform your landlord of all of the machines you will use and their respective uses. It’s important that you outline this in your lease agreement. This can help with avoiding any future liability later on if the landlord was not informed.

2. Americans with Disabilities Act (ADA)

A medical office may have more clients that have disabilities or need accommodations when entering the building. Be sure that the building is compliant with the ADA before you sign the lease.

While it is legally required to comply with the ADA, there are those who disregard the law. Patient care from the time they walk in until the time they leave is important. This includes safe access based on their specific needs.

3. Exclusivity Provisions

An exclusivity provision is a must in your lease. This provision means that the landlord will promise you that they will not lease any other space in the development to someone who would be in direct competition with you. If you have a specialization, be sure to have this provision clear and present from the outset. This ensures you are the only medical provider within the specific development. This can save you a lot of time and money in the long run.

4. Be Cautious

While a lease may seem like a pretty smooth transaction once you find what you think is the right space for your medical office, proceed with caution. The lease is the legal document that binds you which can ultimately be a blessing or a curse depending on who you are working with. Use caution when working with your landlord, their agents, or their attorneys. They are in the business of real estate to make the most money at the lowest cost to them.

Read the fine print, consult an attorney, and have someone at the table who is well-versed in real estate and medical office leasing to represent your interests. While you want to have a good rapport with your landlord to ensure a good working relationship, always use your best judgment and be cautious.

5. Landlord’s Right of Entry

While most leases have provisions for a landlord’s right of entry into the leased premises, this provision needs to be much more detailed for medical office leases. Medical offices hold so much personal and confidential data on their client’s which means that there needs to be a heightened degree of care when it comes to data protection and landlord entry. In addition, caution must be used when patients are in the medical office. Outlining specific times or notice requirements for entry is important and should be agreed upon in a signed writing.

While the list above is not comprehensive, it is a good start to get you thinking about what to expect when signing a medical office lease. If you are still feeling uncertain about what to do and want to enlist some support, Boulevard Medical Properties can help.

Finding Medical Office Space in Los Angeles

Boulevard Medical Properties has been helping medical professionals transition into new offices seamlessly for years. We have a dedicated team of expert real estate professionals that are happy to walk you through the process step-by-step.

What sets Boulevard Medical Properties apart from the rest is that we follow you through your entire lease to ensure that you are comfortable. Everything that is promised to you deserves to come to fruition. We walk you through the process of medical office leasing from start to finish which takes the fear out of the process as you are not left with no support after you sign the lease. If you need to find a medical office, contact Boulevard Medical Properties for excellent support and expertise during your upcoming transition.

Most Important Questions to Ask When Renting Commercial Real Estate

Whether you are just starting the hunt for the perfect space for your business or are narrowing in on the final steps of the process, it is crucial to know the right questions to ask when renting commercial real estate. Fortunately, Boulevard Medical Properties can help guide you from the first steps to the last signings. For more information about our commercial property services, get in touch with us today!

Question #1: What is the cost?

Perhaps one of the most obvious places to start is the price. After all, the price will dictate if you can seriously consider signing the lease for the property. In addition, it is important to note how they expect to be paid, when the amount is due, and if you can lock in that rate and terms for your entire time in the location. Since each property can vary greatly from one to the next, it can be extremely helpful to have the team of Boulevard Medical Properties on your side.

Question #2: How long will the lease run?

When selecting a commercial real estate property to rent, one of the first questions that should be asked is about the length of the lease. It is crucial to establish the length of the lease and not assume that it is the same as the other properties you have viewed, especially since it is beneficial to the landlord to have you sign for as much time as possible. (Longer leases tend to benefit the landlord since it reduces the likelihood of vacancies where they are not getting paid for the space). It is also important to discuss what the beginning date of the lease is, and what will happen in the event that it is not ready in time. Discussing this information will ensure you do not wind up paying for the space while they undergo emergency renovations or have difficulty removing the previous landlord.

Question #3: Can I sublease?

While your intention going into the agreement may be for you to stay in the property for the entire time, it is important to know your options in case of a drastic change in your business. Whether the change is good (ex: exponential growth that has caused you to outgrow the space) or bad (ex: you can no longer afford the rent), having the option to sublease for the remainder of your agreement can be a great option for your business.

Question #4: Is there a “recognition” or non-disturbance clause?

Another way to protect yourself, your company, and your employees is through a non-disturbance clause. This will ensure that you do not get the short end of the stick if your landlord goes broke and a new landlord tries to double your rent.

Question #5: Am I limited to a certain Internet provider?

In today’s modern workplace, efficiency can be severely hindered with a subpar Internet provider. Before signing and agreeing to the lease, make sure you find out if you have any flexibility with your Internet provider. In the case of the landlord only working with one option, make sure that it is effective and it is not just the cheapest option to save them money. (During this discussion it can also be beneficial to discuss if a cleaning crew is provided, who pays for which repairs, which utilities you are responsible for, etc.)

Finding the Appropriate Medical Office Lease for Your Practice

Regardless of what your practice specializes in, the right location cannot be stressed enough. Boulevard Medical Properties take on the headaches that come along with searching for commercial property, so you can focus on running your practice. To learn more about our services or to get straight to your property search, contact us today.

Can You Be Saving Money Running Your Medical Practice?

Running your own medical practice can be both extremely rewarding or run the risk of severe detriment to your wallet. Making the right decisions on products, leasing a building, and how operations are run is essential to the success of your business. Having your own medical practice can be all you wish it to be as long as you are intentional and conscious of the choices you are making within it. Here are a few ways you could be saving money while running the medical practice of your dreams.

Your Office

Let’s start with the foundation: your office. The way you go about opening your medical practice all starts with the type of office you choose and how you go about paying for it. Acquiring a mortgage can lead to unnecessary stress — you’re suddenly required to worry about taking care of the building on top of running your medical practice, which is a whole other job in itself. Whether you’re a dentist, pediatrician, or surgeon, your job is to focus on the patient and their problem, not the pipe leak in the basement. In this case, you may want to consider obtaining a medical office lease in Los Angeles through Boulevard Medical Properties.

Not only do we take care of the lease paperwork, but we also ensure that your office space is perfect in catering to your needs. We will go through each step of the construction process, making sure to hit all your design and decorating desires. We also offer amazing packages to our clients to improve or offer assets you may require on your lease agreement.

Securing a medical office lease in Los Angeles with Boulevard Medical Properties also helps you save money with our eco-friendly approach. We encourage all of our tenants to operate on the side of “green” and do our own part by offering eco-friendly materials, such as energy efficient lights.

In paying for these services, you can focus more on the patient, building a great reputation for the success of your company. Boulevard Medical Properties also takes your budget into account when designing your office space, keeping in mind where they can save you money and energy.

Single Use & Quality Equipment

A huge cause of hospitalization in the medical field is due to cross-contamination. To reassure the health of your patients, taking proper care of your equipment is very important. One way you can avoid cross-contamination is by using single-use products. Single-use products allow you to dispose of them after they’ve been used, therefore eliminating any possibility of it being used again by accident. It also saves you money on any repairs you may need for equipment or even cleaning equipment.

Another way to save money is by purchasing and using high-quality equipment. High-quality equipment is at a lower risk of breaking down, therefore decreasing your chances of having to pay for repairs.

Cleaning Your Equipment

In order to save on repairs or cross-contamination, providing proper cleaning treatment to your equipment each day is key. Preventative maintenance services should be regularly practiced on all equipment and cleaning tasks should be a part of daily upkeep. This also helps protect the health and safety of your patients, which should be your top priority.

Redistribution of Tasks

Paying for a company to focus on the more menial responsibilities of owning a medical practice can also save you a lot of money. Certain services, such as payroll, taxes, and marketing for your company, can be performed at a much cheaper rate than hiring a full-time employee to do the same amount of work. Starting with a medical office lease in Los Angeles could be your first step!

Whether you’re starting a medical practice of your own or have had one for some time, saving money where you can is crucial to the success of your business. At Boulevard Medical Properties, we care about helping you to do so. Give us a call at (818) 882-5700 or visit our website to start taking the proper financial steps today.

Workplace Resolutions for 2019

The New Year has finally arrived, and it’s time for you and your entire business to start 2019 off on the right foot! You’ve made your own personal resolutions for the New Year, but what about your workplace resolutions for 2019? Put together a curated list of attainable, positive resolutions for your business with the help from the team at Boulevard Medical Properties. Discover how you can get the best medical office rent in Los Angeles when you choose the experts at Boulevard Medical Properties to help you find your new office for this year!

Creating Team Spirit and Unity

While at work, it can be difficult to really get to know your colleagues. Depending on your office culture, some of your coworkers may prefer to be more acquaintances than friends, but that doesn’t mean you can’t still foster an environment of teamwork and trust. If your office culture already provides a beneficial environment for team unity, try to step it up a notch by inviting more workers who may be new or not as active to join in on any group activities! Creating a new team mindset in a professional place may be challenging at first, but there are great steps you can take to integrate new methods that inspire unity. Start with the coworkers you are closest to and see if they would be interested in activities as a group. From there, think about what activities everyone could participate in and be interested in! This can range from weekly group lunches to after work drinks and even to weekend team building retreats. Once you’ve found something that fits with many of your coworkers’ preferences and schedules, make it a routine, and try to expand to new activities over time!

Creating a More Efficient Atmosphere

Your team is probably working at a steady pace, but now that the New Year has arrived, there are minor adjustments you can make to ensure that all employees are working efficiently. This doesn’t just mean working faster, but instead refers to working better. Efficiency in the workplace includes the quality of work that is being done and the speed at which quality work is performed increases over time. Resolve to become a more efficient work space by advocating for short, but effective workouts as a team either in the morning or during lunch. Making sure that every one of your employees has had a chance to stretch their legs not only improves office health overall but is actually proven to increase brain function throughout the day. If your office is too small or cramped to give you and your employees ample room to stretch out, it may be time to look for new medical office rent in Los Angeles. Find a great new office for the New Year with professional insight from Boulevard Medical Properties!

Introducing New Policy

The New Year is also famous for being a time of implementing new policies and ideas that you may have thought of during the year. It’s an effective time to instate new procedures because the New Year represents a fresh start for everyone, and employees are more likely to accept changes easily in the New Year. Anything from important business changes to implementing an enjoyable new daily activity can be addressed in the New Year meeting with your team. If you have been waiting for the perfect time to transition into a getting new medical office rent in Los Angeles, the New Year is also the best time to move into the new building of your dreams. If moving if one of your New Year’s Resolutions, don’t wait to make it happen! Call Boulevard Medical Properties to start seeing incredible new options now!

Relocating Your Practice

There are a multitude of reasons why you may need to move your medical practice to a new location. Boulevard Medical Properties can help you find the best medical office rent in Los Angeles, as well as lend you our expertise in the real estate industry. Whether you are looking for something more financially stable, a location that has higher foot traffic, or a spot closer to your patients, it is always a good idea to be prepared before doing so. Follow these steps to make sure that it is done right.

Find the Best Location

A move could strengthen your practices and bring stability, or it could cause a decrease in visits. When you are looking for a new location to continue your medical or dental practice, be sure that you are picking the most convenient spot for your patients. Does the office have parking close by? Is the parking free, or do you have to worry about getting parking tickets validated? Do your patients need to spend a lot of time searching for your office in a large building, or is your office easily located? The first step, and arguably the most important, is to make sure that your new location is the best fit for your patients, since they are the ones driving your business. Boulevard Medical Properties specializes in these types of business locations and can help you find the best medial office for rent in the Los Angeles area.

Informing Patients of Relocation

It is extremely important to make sure that you do not lose any patients due to inconvenience, confusion, or misinformation. Most likely you are not the only doctor or dentist in the area offering these services, so you want to make sure you keep your patients happy and informed. It is a good idea to post multiple notifications at least a month before the move and be redundant with the information. Post signs in the office containing your move date and new location, send out emails and make calls to your patients to make sure they are aware you are moving, and post the move date and address on any social media or website you have. The more places the notification is posted and the earlier you post it, the less likely a patient will be unaware of the move.

Informing Vendors of Relocation

It may seem like an obvious step, but make sure that you also inform any vendors of your move. Crucial deliveries from the Postal Service or other couriers could put a halt on day-to-day operations, which will cost you money. The goal of relocating effectively is to lose as little time and revenue as possible during the process.

Change the Address on Your Materials

Another crucial step that may be overlooked is the need to change the practices location on everything from invoices, remittance forms, notepads, pens, documents, and anything else that has the address listed. If this step was forgotten, you may lose out on a few weeks of revenue from payers that are sending their checks and payments to the wrong address. A helpful tool that the Postal Service offers is forwarding addresses so that hopefully this won’t become a problem.

Hire a Professional Moving Company

Ask anyone who has moved into a new home, having a professional moving company take care of the heavy lifting is always a huge advantage. This is even more important when it comes to relocating your medical practice because there are a lot of valuable pieces of equipment that could be easily destroyed and hard to replace. Find a company that specializes in moving medical equipment to mitigate any financial risk from moving with your staff alone. You will save time by using a company that is experienced in these types of moves, you will minimize any risk of equipment being damaged, you will have more time to treat patients, and your perceived down time will be nominal.

Relocating your medical practice could be extremely beneficial, but it doesn’t always go according to plan. Be sure to find the perfect location and gain useful tips from the experts at Boulevard Medical Properties, who can help you find the best medical office rent in Los Angeles; contact us today by clicking here.

Getting Started in Commercial Real Estate

The first step when planning to purchase commercial real estate in Los Angeles is to write down the type of property you are looking for. Will it be used as your place of business, as an investment property, or for something else? If investing, are you willing to put in the work to be a landlord? If you are looking for a business property, do you need to buy, or could you lease instead? Do you already have a location in mind? What is your status regarding cash, financing, and your ability to make a down payment?

To get your property search underway get in touch with Boulevard Medical Properties today.

Accept the Learning Curve

It will be easier for you to work with people in commercial real estate in Los Angeles if you learn some of the industry lingo.

  • Loan-To-Value (LTV): A ratio of how much money you’re asking from a lender vs. the total value of what you want to purchase.
  • Debt Service Coverage Ratio (DSC): Operating income over total debt service. Basically, how much of the debt you’ll be able to cover each year with income.
  • Capitalization Rate (Cap Rate): Income of the property divided by the total value of the property.
  • Cash on Cash: Annual income over how much you actually invested. The amount invested could be just the amount your down payment was.
  • Vacancy Rate: Percentage of properties that are vacant in a time period in a given area.
  • Ad Valorem: A tax based on the assessed value of a piece of property.

Consider a Variety of Properties before Making a Choice

When visiting the different properties, make note of what you like and dislike about each of them. Location can strongly influence a property’s value – as well as how fast it sells – and its importance cannot be emphasized enough.

What you’re looking for is a good “fit” on as many fronts as possible. You want a property in the right place, for the right price, that serves that right purpose.

Hire the Experts

Buying commercial real estate in Los Angeles can be complex. Depending on the type of property you purchase, you may need to hire an

  • Accountant
  • Commercial real estate lawyer
  • Commercial realtor
  • Mortgage broker
  • Tax expert
  • Notary
  • Appraiser
  • Engineer
  • Environmental specialist

There’s plenty you can do on your own, but some jobs just require expert knowledge to be done properly.

Figure out Financing

Most people need at least some financing help to purchase a property. You can use

  • Banks
  • credit unions
  • home mortgage companies
  • Also, think about what kind of credit you have and ask what interest rate the companies can give you
    If these traditional financing methods don’t work for you, find out if the seller can help. Read up on things like
  • seller carry-back
  • subject-to
  • second mortgages
  • lease options

Make an Offer!

When you are ready to make an offer, consult with your lawyer and tell him or her about your plans. Your lawyer will have you sign a Letter of Intent (LOI) about the property and all the contracts involved. The LOI is NOT binding.

Never sign anything without your lawyer reviewing it first. Have your lawyer explain what all written agreements mean to you in plain English (or hire an interpreter to explain in the language with which you are most comfortable.)

Due Diligence and Escrow

This is where you get down to the details.

  • You will order an ALTA (American Land Title Association) survey, which can be used as part of the due diligence.
  • You and the seller will hire an escrow officer to be the neutral third party in the sale.
  • The final closing documents must be produced.
  • You have the right to a final inspection of the property. If something negative comes up and you want to cancel the purchase, you have a right to tell the escrow officer to deny the transfer of funds.

If you are looking for medical and dental office space at prime locations in Los Angeles, the search is over! Boulevard Medical Properties has the space for you. From practices like USC Fertility and Perinatal, to State of the Art Imaging Centers and Community Clinics, Boulevard buildings are home to a wide variety of medical professionals – and we want to welcome you to our community! Contact Us Today to set up an Appointment!

Benefits of Leasing Commercial Property

If you are a new or small business, the decision of whether to buy or lease commercial property is a significant choice to make. Weighing the negatives versus the benefits of leasing commercial property can be easy with help from Boulevard Medical Properties. Find out what the top advantages are of choosing a commercial lease in Los Angeles and learn about how leasing will help your business grow and how it will also save you money.

Upfront Costs

Owning a building comes with other costs that aren’t included in the real estate estimates. Keeping up on building maintenance through cleaning, electricity and providing internet is a large expense that potential buyers often do not consider. When you are a leasing tenant, however, this maintenance cost is not your responsibility. Some buildings may ask for a yearly or monthly fee for cleaning, but it is a significantly smaller total than taking care of it completely on your own dime.

Moving into a leased building is also a much simpler task. If you are using a loan to cover the purchase of a corporate building, most lenders take a large down payment, and charge interest on all money loaned. With a leasing agreement, you would only pay a refundable deposit along with the first rent payment and no accrued interest. Renting allows for small and new businesses to avoid several costs that could eventually become too expensive to sustain. Also, leasing costs are completely deductible, unlike mortgage costs which are only partially deductible. More and more start-up companies are opting for leasing options to decrease their overall spending, especially in the first few years of business. If you’re looking for a commercial lease in Los Angeles for your new or small business, contact the professional team at Boulevard Medical Properties to start finding your next great office space.

Flexibility

One of the most common reasons new or small business opt to rent office space instead of buying buildings, is that they gain a flexibility to move buildings and move neighborhoods depending on their rate of growth. If your business fluctuates quickly, you can end your lease and move to a larger building to accommodate for the new hires or new equipment. If the opposite were to occur, the option is also great for business looking to downsize. Companies that are looking to move from one area in the city to another for growth potential or in response to client onboarding have the freedom to do so without worrying about selling a building while trying to find another or having to find a tenant while still technically occupying the space.

Maintaining office buildings both inside and out is a difficult and expensive job, but leasing allows tenants to simply move if a newer or better office opportunity comes their way. Legally, tenants can also put in personal requests with landlords or building owners to make repairs or upgrades to the occupied building. In some cases, this is a better option for both the renter and the owner, as the renter will get a more upgraded office building without having to leave the space, and the owner will not lose out on rent money or the responsibility of having to find a new tenant. This is another flexible option afforded to you as the tenant as the decision-making process about whether to leave or extend a lease sits primarily in your hands.

If you are a new or small business owner interested in getting a commercial lease in Los Angeles, contact our skilled team at Boulevard Medical Properties. We can help you find the right building at the right price and you can get your business moved into the perfect new property.

Staying Up to Date with Your Dental Practice

Staying up-to-date in your dental practice could be the difference between exponential growth and shutting the doors. Employing the latest technology, finding the appropriate dental office rent in Los Angeles, and running your office efficiently are all keys to a successful practice.

Using the latest technology both in your treatment options as well as in your business operations is very important to the success of your practice. If your business operations aren’t up to snuff it can cause significant issues both in your bottom line and in your reputation with your patients.

For example, if your scheduling is off and patients routinely must wait, then that might be the last time you see that patient. Everybody’s time is valuable, and nobody likes to wait when it isn’t necessary. But, believe it or not, there are many doctors and dentists out there who routinely run behind and they have done it for so long that it has become normal for them. It might be a normal part of the work day for them, but it is crushing productivity and irritating patients.

It’s unrealistic to think there will never be a time that you might run late. Emergencies do happen. But when you have a reputation of keeping your patients waiting, you risk losing them completely and you wipe out your chance for referrals. You could have a beautiful and well-appointed office in an excellent location with all the latest bells and whistles, but if you are never on time, it will be difficult to keep the doors open.

Get Your Timing Down

If you find yourself running behind on a regular basis, it’s time to let technology help you get back on track. Chances are, your lateness is a result of either scheduling problems in your front office or poor time management in the back office. Which is it for you?

There are a variety of scheduling programs that can help you document practices and procedures for scheduling patients. For example, you can add patient notes, so your scheduler can be specific about what the patient needs (ex: next visit: X-rays, cleaning, filling.)

You can help your scheduler by establishing a policy of set times for various procedures, so everyone knows how long each treatment option takes and there are no surprises in the schedule. There is software available that allows you to establish set times for different procedures and it will automatically allocate the right time.

Oftentimes, the most significant issue is a disconnect between the front office staff and the back-office staff. Many times, the front office staff scheduling the appointments really doesn’t understand how long or how involved each procedure might be, so they schedule too much time or too little. It’s important for everyone to be on the same page and well-trained so easy mistakes can be avoided, and patients are not left waiting needlessly.

If the problem is in the back of the office and either the doctor or other dental staff are taking longer than they should, then a re-training or an adjustment in scheduling times needs to happen so patients aren’t left wondering what in the world is taking so long.

There is a lot to consider as you look to keep your practice up-to-date. Scheduling, technology and a nice office and convenient location are just a few of the things that need to be considered. A smart piece of due diligence would be to contact Boulevard Medical Properties now and schedule a consultation. The Boulevard team has the knowledge and expertise to point you in the right direction and get you a dental office lease in Los Angeles that works for your organization.

Guide to Choosing the Right Location for Your Medical Office

Finding the right location for your medical practice is just as important as finding the right location when you are purchasing a home. No matter what type of real estate you are looking at, the adage rings true, it’s all about location, location, location. Read on to learn more about what to consider when looking for a new location for your medical office and what pitfalls you would be wise to avoid.

For assistance in locating the right medical office lease in Los Angeles, utilize Boulevard’s property search feature.

Consider your Patients

The first thing to consider when looking at office locations is the type of patients you already have and those you wish to attract. What are your patient demographics? What is your specialty? Is your practice full of women, men, athletes, baby boomers, kids? Taking this into consideration really can impact your location.

For example, is your current practice full of suburban baby boomers? Then perhaps a strip mall in the outskirts of town is what you need to make it convenient for your patients to get to you and to market effectively to grow your practice.

But what if your practice is full of young or working professionals? Then an office in the suburbs would be difficult for them to get to you. You might want to consider something downtown so those working in the city center can get to you quickly and easily.

What if your patient base if full of athletes? Then perhaps you should consider setting up an office location near a university or the practice facility for a professional sports team, or even a popular gym. This would allow you to market to your base and make it easy for them to see you. Considering your patient base and your specialty can be critical in choosing the right location.

Consider Your Competition

Another key component to think about when choosing a location is your competition. You want to put yourself in a position to succeed so you need to look at the competition in your area. If there are five other professionals within a ten-mile radius practicing the same thing you are, then you might want to look somewhere else for office space. Do your homework and check the population to professional ratio for your area.

If you are just starting out and you find that your competition is overpopulating the upscale neighborhoods in the area you want, consider setting up your practice in the suburbs just a few miles away. There might be some opportunity to develop a large patient base. Your competition could be overlooking a potentially lucrative area.

You should also investigate whether the population of the area you want is growing or declining. It is typically easier to set up shop in a newer community rather than try to break in to an established area with a lot of competition. A lot of this information is available on the U.S. Census website. There is a great deal of information available if you are willing to take the time to comb through the site. You should also contact the local Chamber of Commerce as they have some great information available as well.

Additional Considerations

If your practice is going to rely heavily on insurance, you should take a close look at the employers in the area. Do they offer the insurance you accept? You should also consider locating your office next to a hospital as this can create a good image as you will be in an area associated with health care.

And, of course, there are many things to consider in terms of the actual building you are looking for. If future expansion is your goal, does the space offer enough square footage? Does the location offer convenient, well-lit parking? What does the building look like? Is it well maintained, or does it look run down?

Medical Office Lease in Los Angeles

There is a lot to consider as you research a potential medical office lease in Los Angeles. A smart piece of due diligence would be to contact Boulevard Medical Properties to schedule a consultation. The Boulevard team has the knowledge and expertise to point you in the right direction and get you into a space that works for your organization.

Benefits of Sharing Your Office Space

If your business is looking for office space but you aren’t sure how much you will need or you can’t find a space that is the right fit, you might want to consider sharing some office space. It might seem like an inconvenient concept but there are some advantages that could save you money and increase your productivity.

For more information about finding the right medical office lease in Los Angeles for your practice, contact Boulevard Medical Properties for a comprehensive selection of the most recent openings that may be the perfect fit for you.

Low Overhead

Perhaps the greatest benefit, especially if you are running a small business or you’re a lone proprietor, is the low overhead that comes from sharing the load with others. Community spaces offer some nice perks including space for networking, meetings and even some quiet space if that is what you require. You aren’t responsible for the full share of the rent, electricity, office furniture, cleaning costs, security, etc. You can budget appropriately and not have to worry about any unforeseen expenses.

Sharing office space also allows you to take advantage of an existing technology infrastructure rather than setting up your own. Technology can be an expense that is just out of reach for some small business owners so utilizing a shared space can be a great solution. Many shared spaces have on-site IT support so you can get up and running quickly and you have the help you need if something goes wrong. You can concentrate on your work instead of the costly infrastructure.

Another perk is the advantage of a short lease. Many shared spaces offer a variety of flexible options to choose from, especially if you only need the space for a few months or you grow quickly and need to make an adjustment. You typically don’t have to make a long-term commitment that could tie you to a lease that could end up costing you more in the long run.

Choosing to share some office space can also provide you with added security. Most spaces have some type of entrance technology that can track who has access and who comes and goes. And some buildings even have around-the-clock desk security. This can provide you and any of your employers with some peace of mind that the environment is safe.

Networking Opportunities

Another benefit of sharing office space is the networking conversations that come from sharing a communal space. Getting to know those who share your space could provide some great partnerships and collaborative opportunities. For example, if you are a marketing professional, you might find yourself sharing a space with a graphic designer or web site designer. You can create a team of professionals to collaborate with on specific projects without having to actually hire a full-time staff.

Mentors, Resources and High-Level Collaboration

Some shared spaces have ties to local universities offering workshops, mentoring and other collaborative perks. Shared spaces also can provide inexpensive or free parking, conference and meeting space with long distance phone and internet access, office supplies like printers, scanners or copiers which can be expensive to purchase on your own, as well as a mailing address and even a receptionist in some locations.

Sharing an office space can help you to have a professional look as you start your business and allow you to develop some potentially beneficial partnerships. Another great benefit to consider is the fact that you will have some room to grow. You can form your team and have the space to develop in the way that best works for you.

Finding the Right Medical Office Lease in Los Angeles

If you are looking for the right space for your medical office, contact Boulevard Medical Properties now and schedule a consultation. The Boulevard team has the knowledge and expertise to point you in the right direction and get you into a medical office lease in Los Angeles that works for your practice.