Passive income gives you a return on your investment with little work on your behalf. That is, unless you own commercial real estate. As a landowner, you have many responsibilities, including maintenance, answering emergencies, and collecting rents. When you aren’t there, things may not get done. If you own several properties, you may find yourself pulled in many directions with little to no support or help. Commercial property management companies in Jackson, MS, ensure you have more free time, and your passive income is truly passive, i.e., you don’t have to actively work to get the earnings. A reliable and accredited company may also help with strategies to enhance the value of your assets.

Typical Responsibilities of a Commercial Property Management Company

You hire a property management company to handle the day-to-day responsibilities of running your real estate investments. Property management companies can be anywhere from one or two people or an entire team, depending on the size of the property. Here is a breakdown of what they may handle for you based on two distinct segments:

1. Operations: Consider this the day-to-day business of keeping your real estate running smoothly. Each property type is different, but they may handle:
   • Preventative Maintenance: They will execute routine inspections and replacement of lighting and air filters. It also involves keeping the landscape neat and removing trash.
   • Handling Property Upgrades: This includes handling HVAC, plumbing, and electrical system upgrades to ensure a long and useful life.
   • Landscaping: They will handle maintenance and replacement of landscaping to enhance curb appeal for current and prospective tenants.
   • Handle Tenant Issues: A property manager will handle repair requests and other tenant questions and issues.
   • Responding to Emergencies: They will inevitably occur, and your property manager will handle those. Emergencies include burst pipes, damage from storms, and other items.
   • Keeping Up with Tenant Occupancy: They know what leases are expiring and which ones need renewing. They also have an idea of market rent rates are and help with finding new tenants.
   • Staffing Property: If your location needs full-time staff, the property manager will ensure that people are onsite. They will find and train the right people for the job.
   • Evictions: You hope it won’t happen, but the property manager is responsible for handling the default and potential removal when a tenant fails to pay rent.
2. Finance: Another area your commercial property management company in Jackson, MS, may handle are the property’s finances, including:
   • Collecting Rent: You make money when rent is paid. The property manager ensures that it is done, is credited to the tenant’s account, and then deposits it in the bank.
   • Collect Late Payments or Other Fees: The property manager will issue a request and collect ancillary fees if a tenant is late.
   • Reports: They will provide regular financial information, including expenses, capital expenditures, delinquencies, bank reconciliations, and cash reserve balances.
   • Budgets: They are also responsible for setting the property’s operational budget.

Count on The Estes Group for Commercial Real Estate Management in Jackson, MS

Enjoy your investments without all the headaches that come with managing them. The Estes Group provides all the services you need to handle your commercial real estate property. Look to us to operate, maintain, and optimize your real estate in Mississippi, Tennessee, Alabama, and Louisiana. Contact us today!

Looking for trusted commercial property management companies in Jackson, MS? Call us at 601-362-9633 or contact us online for more information on our services.

Building a real estate empire takes hard work and patience. To reach your wealth-building goals, it pays to have experts backing you. This can come in the form of qualified attorneys and accountants. Another group of professionals you should hire is commercial property management companies to handle everything from asset management to facility management to management advisory services.

Hiring commercial property management companies makes sense for investors who understand the importance of leveraging others’ expertise. The team at The Estes Group has the knowledge and experience to ensure you meet your financial goals. We can handle the day-to-day operations easily, leaving you with the peace of mind you seek.

5 Reasons Commercial Property Management Companies Make Sense

Choosing to use a property management company to handle your real estate investments is a decision that should not require much pondering. If you want the best ROI, then consider these five reasons you should consider hiring one:

1. They find high-quality tenants. A property management company has processes in place to screen potential tenants. They will find those lessees that will pay their rent on time and be a good fit for your location.
2. They take care of property maintenance. They will have skilled employees available to handle emergencies and regular repair work. Also, they will have a list of trusted vendors to meet your insurance requirements.
3. They can handle the accounting and financial reporting. If you don’t have specialized knowledge in accounting reporting, you will benefit from your property manager’s extra help. They can track your income and expenses each month. Comparing how your properties are doing is easy with their service.
4. They have systems in place to collect rents effortlessly. Property managers worth their weight in gold will have the right software that makes automatically collecting your tenant’s rents easy. They will also charge any related late fees and alert tenants when they are late with their rent.
5. They have area expertise. Generalists are helpful in certain situations but having an expert in the area you want to invest in is a better option. They will have their ear to the ground to ensure their clients get the best commercial investments. They also know how to operate efficiently to increase a property’s value.

Increase Your ROI – Choose The Estes Group

Take your investing to the next level when choosing the Mississippi’s preferred commercial property management company. We also operate in Alabama, Louisiana and Tennessee. We believe in an investor-focused method that gives you the control while we support your ambitions. We have the processes and programs in place to find the best commercial properties for your investment goals.

Call us at 601-362-9633 or contact us online to discuss your real estate goals with our knowledgeable and experienced commercial property investment brokers. We have the right level of service for your needs.

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:

1. 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.
2. 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.
3. 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.
4. 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.