How to Choose a Commercial Property Management Company
September 8th, 2020
4 Tips for Choosing Commercial Property Management Companies
Investing in commercial real estate is more than placing money on the table and walking away with the deed to an income-producing asset. It also consists of the day-to-day issues of maintenance and upkeep, and leasing to the right clients. As your portfolio grows, it is not always possible to manage every aspect of each piece of property you own. As a smart investor, you know that time is money. When you spread your time too thin, you lose money.
Hire experts to assist with those duties you either don’t want to shoulder or don’t have the capacity to take on. Look for help from commercial property management companies like The Estes Group. We handle a wide range of services for our clients, including asset management, property management, and facility management. Licensed in four states, Louisiana, Mississippi, Tennessee, and Alabama, we have the resources and team to ensure your investment grows.
4 Suggestions to Find the Right Property Management Company for You
Looking for the best provider to serve your property management needs may seem overwhelming. Here are four suggestions to help you in your search for commercial property management companies:
- Look for a company that offers multiple services. For example, streamline leasing and management duties by using the same company. It can also be beneficial for your tenants as they will receive consistent service, and resolution to issues occur much quicker. You also benefit because the management team can update the leasing team on the daily status of a tenant, especially if you have concerns.
- Seek out commercial property management companies with experience and a strong track record. Depending on the size of your different locations, you need to have adequate and qualified staff available to handle things that come up. You also want to ensure they have the experience with your portfolio type and the ability to make the decisions that forward your objectives and goals.
- Choose a company with at least one credential. There are many different credentials commercial estate management companies can aim for. Here are a few: Certified Property Manager (CPM), Real Property Administrator (RPA), Accredited Management Organization (AMO), Service Organization Control (SOC 1), and Systems Maintenance Administrator (SMA). Each has specific criteria that must be met and upheld to receive and keep these designations.
- Find a company with a local presence and stellar reputation in your market. Reputation means more than brand recognition. A company with a strong reputation and an established presence indicates better abilities to handle your needs utilizing their employee base, connections, and resources. It can also lend to having strong vendor relationships, which means they can obtain all materials required for maintenance.
Choose the Southeast’s Best – Hire The Estes Group
Look to The Estes Group to assist you with managing your investment portfolio and a range of related services. We are one of the few AMO certified commercial property management companies in the Southeast Gulf area. Additionally, we have two CPMs on staff. Let us help you maximize your asset’s value with our sound management practices and strategic leasing models. Give us a call today!
Call us at 601-362-9633 or contact us online to discuss your real estate goals with our knowledgeable and experienced investment real estate brokers.