Creative ways to figure out what a business is paying in rent?
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[{"id": "eakq8zk", "text": "Go eat there. Get friendly with the staff. Get to know the manager. He may know or will likely be able to figure it out if he likes you and trusts you. ", "replies": [{"id": "eal1gge", "text": "Managers don\u2019t typically know this information unless they are incredibly close with the owner. Even then.", "replies": [], "depth": 2}], "depth": 1}, {"id": "eakvxmo", "text": "I would get in contact with the restaurant owner and tell him you are surveying the area, and that you would share your findings if he shares his info. I don\u2019t see why a restaurant owner would not want to know if they are overpaying or not. \n\nIf someone came to me and said, \u201cwhat are you paying in rent, I\u2019ll let you know what your neighbors are paying\u201d I\u2019d share that info. ", "replies": [], "depth": 1}, {"id": "ealcfm1", "text": "Or even ask the owners that you are doing a rent survey for the market and will share the results back with him so that he can evaluate whether or not he\u2019s above or below market rent ", "replies": [], "depth": 1}, {"id": "ealf1dc", "text": "Call the owner. Let him/her know you are interested in renting a similar building in the area and would like to know what they charge for rent so you can determine if you would be paying fair market value.   ", "replies": [], "depth": 1}, {"id": "eaygvbj", "text": "Why do you care what this business is paying in rent?  Depending on when the lease was signed and the term it could be under/over or at market.  I may be assumable and maybe not.  Comps would be what current leases are being signed at and have nothing to do with leases signed years ago.", "replies": [], "depth": 1}]