Tommy Dobczyk breaks down a contractor yard rental model: four 5,000 sq ft spaces at $3,000 per month each, or $0.60 per square foot. Offer a 20% discount for three-year leases to lock in tenants and boost long-term profit.
Right here. What— let's do this. Dictate to it or type in there and let it know that what we're going to do is we're going to create 4 contractor yards separated by a fence wall. That they'll be— how many square foot is it? Is it half acre or something like 20? So we can say that they get a 5,000 square foot yard plus or minus for $3,000 a month. And if they, if they sign a 3-year lease, we'll give them a 20% discount. Put the numbers together on that.
Just going through the numbers, talking about how much you could actually have, breaks it down into different tight, practical, and conservative layouts. So it goes the middle of the road as practical between 4,500 to 5,250 square foot each. So even enough space for each one. And it's saying for each one, if you have about a 5,000 square foot lot or a mini parcel, you can rent it out for $3,000. You'll get $0.60 a square foot for that one. Saying it's pretty strong rent for dirt slash yard space, but it could be possible just depending on your tenant and if there's the different access they could have for it.
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