Who Needs Commercial Property Management?

August 2, 2012 

As a managed commercial property San Diego owner, you already wear numerous hats. If a pipe bursts, you’re the one who must arrange repairs. If a tenant fails to pay rent promptly, it becomes your job to enforce the terms of the rental agreement.

When your managed commercial property San Diego has a vacancy, you are responsible for vetting potential new tenants.  

A commercial property management company lets you delegate routine responsibilities to experts who specialize in wearing those many hats. 

While any business can benefit from experienced management, it’s especially important for some property owners to have a management team. 

Consider hiring a property management team if you: 

 1.  Have recently become a property owner. 

 2.  Own a number of commercial properties. 

 3.  Live far from your property. 

 4.  Have a growing business. 

 5.  Own a new type of commercial property. 

 6.  Prefer a hands-off ownership style. 

For new owners, the value of managed commercial property San Diego lies in the expertise your managers bring. Instead of building an office staff to handle the rent roll and accounting, a maintenance crew to keep the property in peak condition and a host of contractors to perform necessary repairs, you work with a unified management team that oversees all aspects of running your property. 

Experienced owners with multiple properties also benefit from working with a single contractor per property. If you own many commercial properties, you can streamline your work load still more by opting for a single management company across multiple sites. 

Few business owners relish the thought of getting an emergency phone call, but without property management services, tenants and security staff have no one else to call if they spot an urgent problem. If you’re far from your property, calling you may not help immediately; that burst pipe continues to leak as you travel to the site and authorize the necessary repairs. Giving your property manager a set of keys and the authority to take charge of urgent events keeps those midnight calls to a minimum. 

As you acquire new managed commercial property San Diego, you may find yourself on less familiar territory. Unless you specialize in working with restaurants, hair salons and other businesses that have unusual requirements, you might not be aware of what these tenants need. A trained management company can bring its expertise to handle the regular inspections and higher maintenance needs certain businesses inevitably incur. 

There’s no shame in acknowledging that some aspects of your job as an owner are more exciting than others. If you feel overwhelmed by paperwork, prefer to avoid contacting a tenant about delayed payment or want more input on potential new tenants, a management team is there to make these tasks easier for you. 

By taking some of the stress from you, a property management company frees you to wear the hat you most enjoy: that of ownership. 

Source: worthpropertymgt.com

 

DISCLAIMER: This blog has been curated from an alternate source and is designed for informational purposes to highlight the commercial real estate market. It solely represents the opinion of the specific blogger and does not necessarily represent the opinion of Pacific Coast Commercial.