Real estate is an excellent investment. Properties hold their value and can greatly appreciate over time. Commercial property is a smart addition to any real estate portfolio. It should be simple enough to purchase the property, lease it out and keep it neat and tidy, right?

While some properties are easy to manage, commercial properties present new challenges. Bringing in a property management company is a great idea.

Finding the right property management company may seem tricky or expensive. The truth is, it doesn’t have to be. The right property management company will customize their services to meet your specific needs as well as provide you with better cash flow, quality maintenance, and leverage their multiple marketing platforms to keep your property fully leased.

Here are three things to ask when considering a property management company:

  1. What automated systems are offered to insure timely monthly payments, late fee assessments, and payment of outstanding invoices? In today’s world, time is money. A common headache for property owners is collecting rent in a timely manner. A property management company can automate this process for you making sure that rent collection and cash flow is efficient. Collecting rent can become the easiest part of ownership.
  2. How will the property management company keep the property fully leased? This is not the time for just posting signs in the window of a vacant property. In 2020, an excellent property management company will utilize multiple platforms when listing properties to showcase their own portfolio and keep properties fully leased. It’s a win-win for your business and theirs. The volume of potential tenants seeing your property increases. That means your space can lease quickly. Additionally, property management companies have extensive experience in marketing strategies. Put their expertise to work for you and focus on the things you do best.
  3. What communication strategies are used with tenants in addressing maintenance issues? Expert commercial property managers have systems in place to address the needs of both owner and tenant. Streamlined, attentive communication is key to meet the needs of both in a timely fashion. Whether the issue is maintenance, complaints, or payments, handing these opportunities over to a team of experts frees up property owners’ time.

These are just a few questions to consider when searching for the right property management company for your portfolio. Weaver Realty Group, LLC has extensive commercial property management experience with over 2,000,000 square feet currently in our portfolio. We look forward to helping commercial property owners find solutions for their businesses utilizing our expert property management team. Call Weaver Realty today at 904-733-0039 to find out how we can help you.