The step to purchase a commercial building is an exciting one. However, property ownership comes with many responsibilities. Building owners may consider hiring a commercial property manager to help with day-to-day tasks. Here are some benefits of hiring a property manager:
Commercial properties take time to manage, especially if you own more than one or your property has lots of units. You may not want to spend your time collecting rent checks, fielding tenant calls or coordinating building repairs. A commercial property manager can handle all those tasks on your behalf, enabling you to focus your attention on other endeavors.
Utilize their network
When problems arise with your building, who do you call? Property managers have connections with quality electricians, plumbers, landscapers and other professionals who can quickly come attend to your building. A commercial property manager can be particularly beneficial for owners who aren’t located near their rental property.
Vacancies can be costly for you as the property owner. Commercial property managers will oversee the process of finding, screening and onboarding new tenants. They will market your property and maintain positive tenant relations on your behalf.
Follow all regulations
When leasing commercial property, you must follow a variety of laws and regulations. Your commercial property manager can help you negotiate lease terms and craft lease documents. They will also handle paying all appropriate taxes on time. In the case of an eviction, they can oversee that process to ensure it is executed correctly.
Menlo Group would love to manage your commercial property. Please contact our property management team to learn more about our services.