What made me select the
previous post for publication (in this blog) is my disbelief at the consultant's brazen attempt, whether intentionally or unintentionally, to increase her inventory (of properties to offer), at the investor's peril.
Some liars are difficult to spot. However, there are those who can be smelled from miles away.
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"A consultant's role is to present the best possible options to the clients. In the BPO industry, making property owners spend while awaiting possible locators is never an option. The money invested sleeps, the facilities become outdated therefore reducing the possibility of it being used. Furthermore, the equiments can burn to the ground or get stolen. There is no real guarantee that money will ever be recovered."
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First of all, her example is fallacious. Among the things that I didn't mention to her, is the fact that I was a part of that particular building's construction. Seven years ago, when the country was going through a period of economic difficulty, that infrastructure was built with the intention of making it an Information Technology (I.T.) hub. The building is supposed to house IT developers. For quite sometime after construction, the building had a low occupancy. It was only later, when the call cnter industry boomed, was the building fully occupied. I can hardly consider cantact centers as IT developement companies.
During our meeting, the "Consultant" also noted an operational call center (near my client's property) which was built without any client in mind. She added that they offered that facility to their long term client, only that, the decision was to locate elsewhere. Why did her client locate far from that facility? I know the reason. That particular building is far from the present popular call center locations. The company probably did not want to risk being the first to locate in that area and have a hard time recruiting employees. That is actually my main hesitation. My client's property hardly has a call center nearby. Though my assessment (based on experiences) showed that it is a good spot, I am not sure if the prospective locators sees it the way I do.
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"No consultant worth his salt, will ever lead anybody in a
road to perdition
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I didn't bother pinpointing the lies that I heard so that others will recognize her, as easily as I did. Had I told her, she would have modified her story before talking to the next potential client (victim?).
In my opinion, a consultant's role is to present the best possible options to the clients. In the BPO industry, making property owners spend while awaiting possible locators is never an option. The money invested sleeps, the facilities become outdated. thus reducing the possibility of it being used. Furthermore, it can possibly burn or get stolen. There is no real guarantee that money will ever be recovered.
That property consultant, in my opinion, was simply out to make money out of her retension fees. In so doing, she is also increasing her inventory of properties that can be offered to her clients. That is not the way to honestly live. If clients make money out of the options presented, the consultant's presence becomes indispensable. Otherwise, there is no reason why any investor should hire one. No consultant worth his salt, will ever lead anybody in a road to perdition.