Commercial property management is a special part of the investment property industry. It requires unique skills and property knowledge at a personal level to improve property performance.
Our firm covers lease and rent strategies, property control, landlord reporting, tenant mix matters, maintenance management plus many more practical applications to commercial property management.
The strategies covered in the post are from the personal experiences of our firm in managing and leasing large office, industrial and retail properties over many years. Hands-on experiences help you understand how to approach this very special part of the industry.
Simplicity and practicality help the reader understand the most important factors of the property management profession to control and perfect.
Thinking about becoming a landlord? Then you will need proven strategies for establishing and maintaining rental properties especially when they are commercial real estate properties. You’ll need to find out how to prepare and promote your properties, select tenants, handle repairs, avoid costly mistakes and legal missteps—and meet your long-term goals.
Do you really have what it takes to successfully manage a rental property, and learn all about the various options for hiring someone else to manage your property for you and your company.
You’ll find out the right way to prepare your properties for prospective tenants, set the rent and security deposit, clean up properties between tenants, and verify rental applications. In no time at all, you can hire a top-notch property manager by working efficiently with employees and contractors to keep your properties safe and secure.
- Manage your time and money wisely
- Acquire a property and prepare it for tenants
- Make your property stand out and attract tenants
- Keep good tenants and get rid of bad ones
- Collect and increase rent
- Evaluate the different types of insurance and understand income and property taxes
Making money through real estate investments isn’t as simple as buying up property and hoping for the best – you have to know what you’re doing.
The fact is, how you manage a property directly affects how profitable it will be.
Retail Solutions Advisors goes beyond the basics, giving you all the guidance you need to successfully manage your properties, avoid pitfalls, and make a profit.
The key factors you will need for all your commercial leases are to find out how to add value to your property including:
- which improvements to make or avoid
- address legal concerns
- tenant issues
- administration and maintenance
- You will also need to address how to handle monetary factors such as:
- cash flow
- rent collection
- expand your portfolio
- establish financial goals
- hire a team
- partner with vendors
- use advertising
In addition, you’ll find helpful management tools:
- a market survey
- rental criteria
- sample documents and forms
Your documents and forms for commercial real estate and property management that you will need:
- rental application
- a lease
- a guest screening card
- rules and regulations
- a vacancy report
- a maintenance log
One of the key factors to your portfolio’s performance is your media. Your advertising into the market. Of course we take care of this for all our clients but you will need to look at the following for your properties and commercial real estate portfolio.
- Owned Media – Website; Blog; Email List (self-explanatory)
- Earned Media – SEO; Social; Content Marketing
- Bought Media – Paid advertising, ie. PPC; Display Ads; (self-explanatory)
Your asset management plan should address key issues with in house and outsourced maintenance projects. You have to be able to manage every facet while increasing efficiency on each project overviews.
When you are looking over your commercial property management and everything that this service entails, feel free to contact us as we can offer help in all of these areas.