It can be challenging to admit that property management isn’t your forte. What’s even tougher is resolving yourself to the fact that you need a support team, particularly after having had a bad experience with a sub-par provider. Fortunately, you can engage a property management team that pays dividends for keeping tenants happy while minimizing your concerns. Our fees may seem higher than some, but the returns, in both long-term savings and reduced nightmares for you, are considerable.
Once you get past the idea that managing your property will simply involve a couple of hours a week – stopping in to see how things are going, maybe you’re ready to consider the benefits of some help. If you have dealt with the nightmares of property managers who don’t view their job as one that entails contributing to your bottom line, we offer a rescue alternative.
Clearly, tenants are gold, even when they are demanding, so we ensure they stay happy. This includes visiting each occupant periodically. In addition, we provide 24/7 phone access to our team so that tenants – and property owners – receive immediate responses to their concerns and issues. We help you show your appreciation for tenants by communicating regularly about activities at the property, updating them on preventative maintenance activities and alerting them to capital improvement initiatives.
Our attention to maintenance details such as painting, carpeting and routine enhancements not only keeps tenants thrilled with their selection of a business location, but also increases the value of the property with the best presentation and tenant mix for potential buyers. In addition, we consider indoor air quality analysis as a requisite service. All this is included as part of our standard fee.
If you’re having challenges with renewing leases, we’re skilled at ensuring such contracts are signed early, without brokers, if possible.
We work with all vendors, secure bids and negotiate contractors for issues such as:
|Snow & ice removal||Life Safety|
Commercial Property Advisors also provides 24-hour emergency service and offers comprehensive maintenance for concerns including:
|Seasonal inspections||Plumbing & mechanical|
|Hot water heaters||HVAC filter changes|
|Roofs||Life Safety audits|
|Gutters||Pavement & parking lot maintenance|
Commercial Property Advisors, LLC offers comprehensive and periodic financial updates and reports as a standard service to clients, including monthly or quarterly details with the following reports:
|Income & Expense||Accounts Receivable|
|Income & Expense variance||Check register|
|Manager’s report||Mortgage balance|
|Balance sheet||Bank statement|
Annual reports to all clients include:
|Operating budget||Capital budget||Long-term capital items (with reserve schedule)|
In addition, as a standard service, Commercial Property Advisors provides insurance cash management assessments.
Effective property maintenance – which should include attention to asset development, if done right – involves a whole lot more than landscaping and responding to tenant complaints – whenever. Engaging a team with your end-goal in mind might make your life a lot easier while significantly increasing the value of your portfolio. Why not make the call to schedule a free meeting?