As an owner of a commercial property, you may be considering hiring a professional commercial property manager to handle the day-to-day operations and maintenance of your asset.
There are specific benefits of hiring a professional commercial property manager to help you maximize your return on investment.
A professional commercial property manager can:
Save You Time And Hassle.
Managing a commercial property can be a time-consuming and stressful task, especially if you have multiple tenants, vendors, and contractors, to deal with. A professional commercial property manager can take care of all the details, such as collecting rent, managing repairs, overseeing renovations, negotiating leases, recruiting tenants, resolving disputes, and complying with local laws and regulations. This way, you can focus on your core business or other priorities without worrying about the daily operations of your property.
Increase Your Income And Reduce Your Expenses.
A professional commercial property manager can help you optimize your rental income by setting competitive rates, marketing your property effectively, and minimizing turnover and vacancy. They can also help you reduce your operating expenses by negotiating favorable contracts with vendors and contractors, implementing cost-saving measures, and preventing costly damages and liabilities. By increasing your income and reducing your expenses, a professional commercial property manager can boost your net operating income (NOI) and cash flow.
Enhance Your Property Value And Performance.
A professional commercial property manager can help you maintain and improve the physical condition and appearance of your property, which can attract and retain quality tenants, increase your occupancy rate, and even your lease rates. They can also help you implement strategies to increase the efficiency and sustainability of your property, such as upgrading to energy-efficient systems, installing smart devices, and adopting green practices. By enhancing your property value and performance, a professional commercial property manager can increase your long-term capital appreciation.
Provide You With Expert Advice And Support.
A professional commercial property manager has the knowledge and experience to handle any issues or challenges that may arise in managing a commercial property. They can provide you with expert advice and/or refer you to qualified professionals on market trends, tenant demands, legal matters, financial reports, tax implications, and more. They can also provide you with regular updates and feedback on your property’s performance and suggest ways to improve it.
Hiring a professional commercial property manager can offer many quality of life and financial benefits for commercial property owners.
“Sundance property management is accomplished within Sundance Realty & Management Inc. Sundance is licensed by the Real Estate Council of Alberta (RECA), as an independent, regulated, real estate brokerage. Sundance Property Management is focused on delivering value to its property owner customers through the key values of quality facility management, quality tenant relationships, and quality owner reporting that emphasizes transparency and completeness. Sundance property management is growing, and currently manages dozens of commercial properties representing over 650,000 square feet of Industrial, mixed use, retail, warehouse, and office real estate properties.”