I went to see my commercial lender last week. The company account into which I deposit my rents happens to be in his bank, which by the way is not an accident. This is a bit off topic, but pay attention:
Finance is a relationship business – it doesn’t hurt to have a few bucks on deposit with the bank if you’re gonna ask them for money; just sayin…
The banker’s office is down the hallway from the tellers in such a way that he can see who is coming and going through the glass door. Well, when I came in I was smiling; I know I was – I remember the feeling. I had 100% occupancy in the month of October for the first time since March. I made good money in October and I was on my way to deposit it in my account – good times!
ON MY WAY OUT I STOPPED BY HIS OFFICE
HIM: You want some money?
ME: No, why?
HIM: The way you are smiling – you got me worried…
ME: Dude – no way. I’m tired. I’m not looking for a deal. This 10-plex has been a pill…
And I went into a long-winded description of what I’d been up to since we saw each other about 5 months ago. Well – as I am telling him about all of the movement among the tenant base, he gets this look on his face and interrupts to tell me the following:
Two years ago all of you guys were coming in here telling me that you are running at full capacity – all of you. And now? You must be the 5th guy in two months coming in here and moaning about vacancies everywhere…
This made me think, which can be dangerous…
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