If you are an investor, you can find plenty of benefits in investing in real estate. Retail is one of the types you can invest in, and this in itself has various advantages. Despite the seeming “death of the mall,” brick-and-mortar shopping centers still dot the United States in generous supply. No matter what, physical stores will always have a demand. As you look into investing in this type of commercial real estate, one of the first things you should know is the types of shopping malls out there. As the title implies, there are eight.
Posts Tagged ‘ Shopping Center ’
Purchasing retail property in Frederick, Maryland can be an excellent investment. And with job growth in the area expected to grow by 34.20% over the next 10 years, according to Sperling’s Best Places, there has never been a better time to invest. So what are you waiting for?
Interested in Property Management for Your Shopping Center?
Hiring a well-qualified property management company can add significant value to your real estate investment. Clagett Management, headquartered in the heart of Frederick, provides full service, competitively priced property management throughout Maryland, West Virginia and Virginia. We utilize the latest in management, accounting, and reporting software to keep you fully informed of the status of your shopping center and help you profit from your investment.
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Benefits of Hiring a Property Management Company
Attract Higher Quality Tenants
Tenants screening is important, especially when it comes to managing a shopping center. The last thing you need is for one of your tenants to go out of business, leaving you with an empty store and empty pockets.
Shorter Vacancy Cycles
When you manage your property on your own, it can be hard to find time to properly advertise vacancies. As a result, you may find yourself with a vacant storefront or two for longer than desired. No tenant = no rent = no profit. A property management company will help you advertise vacancies, attract and screen tenants, and keep your shopping center in business.
Consequently, hiring a property management company will also help improve tenant retention and minimize turnover rates.
Maintenance and Repairs
According to the San Francisco Chronicle, one of the biggest struggles for most landlords is maintenance and repairs. This is especially true when it comes to shopping centers. You simply don’t have the time or energy to properly maintain EVERYTHING. Clagett Management offers a preventive maintenance program. We periodically inspect your rental properties, allowing us to deal with repairs as they arrive, before they spiral out of control. We employ a network of the best contractors available in the area to service your property.
Peace of Mind
An experienced property management has seen it all before and knows how to handle unique situations, including complex legal situations, evictions, leasing issues, and so much more.
And So Much More!
If you have any questions about Shopping Center Property Management in Frederick, Maryland and beyond, please contact us at (301) 695-6676 or Click Here. You can also connect with Clagett on Facebook, Twitter, Google+, Pinterest, and YouTube.