What are the prices in your market? If they’re high, hold off for now. Second, definitely consult a lawyer and accountant. The first will advise you on how to structure the purchase. The second will help you estimate the returns of what you can expect from the property as an investment. Third, if I were you, I’d definitely hire a management agency. Since you’re new to the industry, you might not know the raw technicalities of managing a space. Billing your tenants is easy, but fixing a leaking pipe, or solving an electrical problem requires gifted hands. And these issues ultimately decide the difference between a happy tenant and one that’s sure to get pissed off. Fourth, get in touch with realtors and agents. Know what the rental prices are in your area, which will help you roughly estimate the income based on the available area for leasing out. Get your expenses estimated, and see if this is actually worth pursuing.
There are two routes you can take. One of course is the paid advertising route. But if you ask me, you should try this instead. Now, if I understand what you’re saying, you’re a company that either provides flooring or does the installation of it. And, if I’m correct, there’s more money in the contracting aspect of it. Being somebody who manufactures and retails construction materials for surfaces, we’re always on the lookout for contracting folks. Because the customers who buy from us need help not only with the product, but importantly, the installation. And they expect a really neat job! So my suggestion is, approach people selling products. Chances are they don’t have a good person or company to execute the contracting. Show them your work, invite them to sites and build a relationship. In the long run, they will be very profitable.