Our local economy here is strong. However I own a shop building that has three shops and four offices.
Just kicked one guy out, if the real estate agent who signed him up would have checked him out, he would not have even been able to get a lease. Close to 100 listings on the court dockets since 1993. Did not know about the court listings available on the web at the time or I would have checked him out, the real estate agent told me they check out financial, they did not. My bad, follow up, follow up and ask more questions. This guy is sitting at the transition center being paroled the 20th of next month. He did manage to get his stuff out last weekend and I have someone cleaning out the stuff, which includes a home made paint booth, so that it can be rented again.
Another unit is shared by two people, one I finally got a hold of yesterday and told them they have three days to get their stuff out. The other was going strong a year ago when we had the hail storms here, but now back to his trailer house repairs and he is slow.
The third shop is rented to a regional sports retailer and they have been very good.
One office is rented to a guy with a retail fish business who has always been slow, he has some personal problems but seems to be getting back on his feet again. Funny thing is that in the nine years that I have owned the building he has never run his fish and aquarium business but always talks about getting it going again.
One office is rented to the mobile home repair guy branching out into the house waterfall business, who knows for how long?
The other two offices have been empty for about a year and a half, which is normal as there has always been more than an adequate supply of office space in this town and they are not in a prime location.
My best bet is to put the building up for sale as our good times or bad times always follow the rest of the county by about a year and a half.