Nowadays, property owners get a bad rep, and commercial property management companies are no exception. All we see on social media these days is the worst of the worst examples of management that leave their tenants with poor conditions for high rent or lease agreement costs. It would be every commercial property management team’s worst nightmare to see one of their properties become infamous due to a negative viral video. However, the reality is that most management companies do care about the well-being and satisfaction of their tenants but often manage multiple properties, which can cause difficulty. But there are still ways to be responsible and proactive as a commercial property management firm to keep your tenants happy, and it just takes a little bit of effort. Here are a few tips that can get you on the right track. (more…)
Archive for the ‘ Property Management ’ Category
Many Americans work each day tirelessly to accumulate 40 hours a week of work. This lifestyle will probably take up most of their adult lives. While a little vacation here and there is relaxing and refreshing, most people can’t wait for the time to come to spend the rest of their lives not tied to any job or duty. Unfortunately, most people can’t afford to retire until they are already in the elderly stage of life if they can retire at all. But, if smart investments are made at a younger age, it is still possible to retire even at an earlier age than average. One of these investments can be in commercial property ownership. Want to learn more about how commercial property ownership can lead to early retirement? Here’s how it can happen. (more…)
Investing is never easy, and there are always risks involved, no matter what. A lot of sectors require a lot of involvement after investment to ensure the best results. Luckily, commercial real estate is not one of them. For example, you can hire a property management company to essentially take care of the building you helped to create. They can take care of maintenance, repairs, and leasing of the property after it is built. Having a great property management company will do wonders for your commercial property and make sure it is rented to full capacity. But there are thousands of property management companies out there. How will you know which one to choose from? Here are some tips for finding perfect property management for your commercial property or business center. (more…)
Commercial office space has nearly become a point of contention in today’s commercial real estate world. Due to current events, companies have shifted even more toward the remote work trend, emptying office buildings completely. However, physical locations in which teams can gather proves to be best for direct communication and even productivity and morale. When office tenants move to a new property, they want several specific things.
Emergencies happen. They come in all shapes and forms, and at all levels of severity. In multi-family apartment complexes, mixed-use office buildings, or condominiums, an emergency can quickly turn into a disaster. Property owners and property managers must be fully aware of all of these possible events and be prepared as fully as possible. In commercial real estate, emergency planning and your choice of property manager are vital.
No one likes to have a building sitting empty: not the local government, not the neighbors, and especially not the building owner. It’s an easy trap to fall into, however, if you’re playing Goldilocks and waiting for the absolute perfect tenant. At the same time, no one wants to sign a lease to a terrible tenant simply to have a building be occupied and then have that tenant fail in some way soon after. One thing you should be doing is screening potential tenants before spending time and money on more in-depth investigation. These questions are a good place to get started.
If you are looking for a new commercial property to rent or own, or you already have a location, your next step may be to look for the right commercial management company. Either one of these tasks is no easy feat, as many realtors and commercial management companies exist all over Maryland, Virginia, and West Virginia. However, with this checklist in mind, you can better choose a commercial management company that will fit your company’s needs.
Landlords know how crucial it is to make sure their rentals stay in pristine condition. Landlords can clean out each unit in between tenants, but the place overall will remain in better shape if it receives regular maintenance. Landlords can enforce cleaning rules; below is a look at how to do it.
Emergency preparedness is a major component of a property manager’s job. In truth, property managers have a lot on their plate when it comes to their job description in general. When it comes to creating an effective and efficient emergency plan, certain things need to be taken into consideration. Otherwise, the plan could fail, which may potentially lead to devastating results. Here are a few things to keep in mind for property managers navigating the task of making an emergency plan.
One of the main components of a landlord’s job is property maintenance. A landlord manages the damages that can happen to a rental unit over time, whether it is an emergency accident, a tenant’s mishap, or minor wear and tear. Because this is a hefty portion of a landlord’s daily activities, one needs a strategy to overcome each obstacle. Check out these property damage tips for landlords!