The amount of time and effort required to take care of a commercial property and address the needs of tenants can pile up quickly. It becomes a point of constraint for many property owners – especially those who have multiple investment properties or a large building to manage. This is where hiring a commercial property management team can help.
Commercial property management services alleviate the day-to-day tasks that a property owner is responsible for. In this article, we detail some of the roles included in a property management service checklist and some of the benefits of hiring a management company.
A property management company takes care of the financial tasks, which can include:
The physical condition of a property can quickly deteriorate and become a bigger, more costly problem for the owner without proper care. As a broad overview of a property management service checklist, a manager will:
Experienced property managers have excellent knowledge of building codes and regulations to ensure that the property is up to standard. Most property management companies are in good standing with various maintenance companies, including landscaping, snow removal, HVAC technicians, electricians, plumbing, lighting, and more and can often negotiate service pricing to reduce costs.
On a larger scale, managers will have organized records of maintenance, repairs, and replacements done. In case of any legal trouble, property managers have these records readily available as well as a deep understanding of commercial property insurance to protect the owner and the property against any legal action.
Some property management companies offer commercial real estate services like the marketing and listing of available spaces. Managers can vet tenants, schedule tours, and complete negotiation deals on behalf of the owner. Property managers also have a great network of commercial lawyers, insurance brokers, real estate agents, and the experience to recognize responsible and long-term tenants.
It’s easy to see all of the areas where a reliable commercial property management company can help. Having a property manager is beneficial for satisfied tenants, a sound investment, and your overall well-being!
Our team at CMS Real Estate would like to wish you a festive holiday season and a happy new year! We appreciate your support and loyalty this past year and look forward to continuing to serve you in the new year! As a Calgary-operated business, our great joy is serving Calgarian business owners and tenants […]
Part of owning a brick-and-mortar small business means finding a commercial property to house your company. When the opportunity to purchase a commercial property in an up-and-coming development arises, your business will be part of the excitement with other great amenities, and you’ll help attract new business to the area. The East Point Business Park […]
As CMS Real Estate marks its 40th anniversary, we fondly reflect on a journey that has firmly established us as a mainstay in Calgary’s real estate sector. Our secret to longevity and success? A client-first philosophy. When you emphasize the importance of prioritizing client needs, it fosters an atmosphere for our clients that builds incredible […]
If you’re looking for a great industrial property for sale in Airdrie, we currently have an exciting opportunity available in the Kingsview area. Located at #104, 2926 Kingsview Blvd SE, this property boasts impressive features and amenities ideal for a: Distribution warehouse Storage warehouse Manufacturing facility Property Overview This expansive industrial property in Airdrie features […]
Calgary’s industrial landscape has long been known for its vast warehouses and distribution centres, housing goods and materials for a variety of industries. However, in recent years, compact industrial spaces are revolutionizing the way businesses operate in Calgary, providing them with adaptable solutions to meet their specific needs. The future of small industrial warehouses for […]
Operating a small business often involves renting office space, a warehouse, or other property types. There are two common kinds of commercial leases: a triple net lease and a gross lease. These two types of leases have distinct approaches to allocating costs between tenants and landlords. Whether you’re looking for a retail space or a […]
© Copyright 2024 CMS Real Estate Ltd.