When you own multiple commercial properties, it is important to take the time to make sure that they are properly managed. It can be a lot of work to keep up with multiple properties if you have other things that you have to do on a daily basis. A great way to ensure that your commercial properties are well taken care of is it hire a commercial property management company to help manage the properties for you. The guide below walks you through a few ways the management company can help you with your properties.
Take Care of Advertising for the Properties
A property management company will take care of advertising for the properties when they are available for lease. They will take the time to list all key details about the property everywhere that it can be promoted.
Interview Potential Tenants for the Properties
When tenants contact the company with interest in the properties, the company will be able to interview the tenants to determine if they will be a good fit. They will run background checks and credit checks to ensure that they do not have a poor credit history or a history of fraudulent activity. This will ensure that you only lease your commercial properties to trustworthy individuals. It can save you a lot of hassle in the long run.
Maintain the Properties
When something goes wrong within the properties, the management company can send a trusted professional to handle the repairs for you. They will be able to interview the professionals and find someone who charges a fair rate and can get the repairs done as quickly as possible. The company will contact you to get permission for the repairs before hiring anyone to do them though.
Collect Money for the Properties
The company will also handle the collection of payments each month. This allows them to keep track of who paid their bills each month and who is behind on their payments. If a business falls behind on their payments, the company will know what steps you need to take to evict them from the property so that you can get paying tenants into it.
The commercial property management company (like Green Efficient) will be able to take care of just about everything for your properties so that you can take care of other things. You will need to sign a contract with the company and pay a fee for their services, but it will make your life easier, which can be well worth the investment.