5 Things a Commercial Property Manager Can Handle on Your Behalf
In any industry, some jobs must be done by people with the necessary experience and expertise. The commercial property management industry is no different. There are several important responsibilities that you can’t just entrust to anyone. It’s vital that they’re handled by someone who knows what they’re doing, like a property manager.
1. Regular Maintenance
A property manager should be able to handle any routine maintenance issues that arise in your building, such as fixing lighting fixtures or changing air filters, without needing you to pay them extra. If they’re not, they may not be doing their job correctly. But if you have an emergency that needs immediate attention (like a burst pipe), they should still respond quickly and efficiently so your business isn’t affected by these issues. Your property manager should do the necessary maintenance because it keeps your building running smoothly and safely for its occupants.
2. Finding and Evaluating Tenants
Commercial property management experts can help you find new tenants for your building, review applicants, vet them and negotiate leases with them. They will also ensure that you only rent to credit-worthy tenants and can pay their rent on time. Commercial property management experts can save you lots of time and money in the long run.
3. Collecting Rent and Dealing With Late Payments
If you own a large apartment building or office building, collecting rent is probably one of the most challenging aspects of your job. You might have to go through several weeks of phone calls and emails before getting the money owed to you by tenants. This can be especially difficult if you own multiple properties, as each tenant will have their payment methods (checks, credit cards) and needs (automatic withdrawals).
A commercial property management company can take care of these tasks for you so that you don’t have to worry about them anymore. A commercial property manager in Naples will collect payments from tenants every month, keep track of all outstanding balances on each unit or office space, and send out notices when someone is late paying their rent.
4. Handling Evictions and Legal Issues
Evictions can be stressful for both the tenant and the landlord. Eviction attorneys are often expensive, and going through the process on your own can be time-consuming and complicated. A commercial property management company can help you by handling all aspects of the eviction process from start to finish so that you don’t have to deal with it yourself. They’ll ensure that everything is done properly and legally so that if you go to court over an eviction issue, it will go smoothly for both parties involved.
5. Keeping Your Property Compliant
You need to keep your property compliant with the city, state, and federal laws. You can do this independently, but it is much easier to outsource that task to a commercial property manager in Naples. They are experts in this field and can help you keep up-to-date with all the regulations that may apply to your property.
Hiring a property manager to manage your investment property can be a huge relief for most business owners. It means that you don’t have to deal with new tenants, eviction notices, or a sinking foundation. You can get back to focusing on running your business, leaving the nitty-gritty of real estate property management in the competent hands of an experienced property manager. If you need a property manager who is efficient and professional, contact Southwest Property Management today.