Owning and investing in commercial real estate can be quite rewarding, but managing the property yourself can be time-intensive and cause unnecessary stress. It’s important to know what all is included in owning commercial property and what benefits using a commercial property management company could offer you. Here are 5 reasons you may want to consider hiring a commercial property manager to help with your properties:
Leasing Services
One benefit of hiring a commercial property management company is the leasing services they can offer you. At Vista, we have a dedicated leasing team who helps qualify incoming tenants for your property, running credit and background checks when necessary and reviewing potential tenants’ finances to see if they’re in good standing before lease negotiations start. A property manager can take the stress and time of screening tenants off of your hands, ensuring that problematic tenants don’t make it through the screening process and that you end up with quality tenants who are looking to stay long term.
Maintenance and Customer Service
On top of screening all potential tenants for you, once a tenant has been found your property manager will handle all maintenance issues and customer service questions that the tenant may have. This allows you to rest easy knowing that the day-to-day operations are being handled efficiently. Not only will a property manager handle all maintenance issues, but they’ll be able to offer you lower repair and maintenance costs than if you handled it yourself. Property management companies have years of partnerships with reputable vendors and contractors that they can rely on to get the job done, and get it done right the first time. In addition to saving you money, they’ll also be able to save you time on emergencies because they know exactly how to manage emergencies effectively.
Property Accounting
Accounting for a large commercial property can be time consuming and takes specialized knowledge. Commercial property management companies will track your income and expenses each month and compile detailed financial reports for you monthly and quarterly. This helps you prepare for tax season as well as makes your life substantially easier if your bookkeeping has been done properly the entire time when you decide to sell the property down the line. At Vista, we have the ability to use a variety of real estate specific accounting systems to provide timely reports that meet each client’s specialized business needs.
Marketing and Expertise
Last but definitely not least, a huge benefit of hiring a property manager is the experience and expertise they bring to the table. Not only are you hiring a professional who has years of experience in marketing and managing your property, but they also have expertise in the area you are choosing to invest in. Their experience and area expertise can ensure that you get the most out of your investment and allows you more time to focus your attention on new projects. Who wouldn’t want more free time, more freedom and less stress so that they can concentrate on the next big investment?
The benefits listed above are just a few of the reasons why a property manager can be a good decision. Ultimately, a commercial property manager is there to help you make the most of your investment. If you’re in Dallas or the surrounding areas and are interested in using a commercial property management company that is honest, upfront and experienced, then please don’t hesitate to contact us at Vista Holdings to learn more about what we can do for you.
