Dental Leases for Two of Five Dentists

Dentists and commercial real estateThree out of five dentists own their dental practice facilities, while the remaining 40% rent, this survey found. Fortunately, only 4% of dentists are worried about their business mortgages.

Commercial real estate is going to be the next shoe to fall,” declared a Florida dentist. “It may be possible to use this period to do some renegotiating, particularly if you are on the downhill side of the mortgage.”

Of the dentists in our survey…

  • 24% own their building free and clear
  • 32% own and pay a reasonable mortgage
  • 4% are worried about their mortgages
  • 20% have long-term dental leases
  • 20% have leases up within the next 2 years

Here’s what else dentists had to say:

  • “I think that in a down economy the landlord should also expect lower rent.” (California periodontist)
  • “Buying my building was one of the best investments I ever made, but it was a tough first 7 years.”
  • “Our area has become run-down. We wish we could afford to move.” (North Carolina dentist)
  • “It costs so much less to lease.” (New York dentist)
  • “I will be paid off in 4 years. I built a duplex, rent the other side to another dentist. Cash flow is negative, but it currently nets $1,000 to principal per month and pays all the interest. In 14 years it will paid off and rent free. It won’t be tax and insurance free, but it will make a $60-65k a year difference in income the first year it is paid off. Rent if you plan to grow, but own for the intermediate to long term (15+ years).” (Texas dentist)
  • “I own the building outright, free and clear. I lease the building to my dental corporation. It works out well.” (Virginia dentist)
  • “Will be owned free and clear in one year. Better to own and move when/if you want to, rather than depend someone else.” (Oregon orthodontist)
  • “I would like to own it. With this economy, the prices of commercial real estate are falling rapidly, indicating that this could be a possibility.” (Florida dentist)

Read more: Dental Leases and Dental Mortgages

About Jim Du Molin

+Jim Du Molin is a leading Internet marketing expert for dentists in North America. He has helped hundreds of doctors make more money in their practices using his proven Internet marketing techniques.

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