Property Management Services: Is It Time To Outsource This Part Of Your Business?
June 23, 15
You are the proud owner of a commercial property. You might even handle all of your business affairs from that property. Running your business or maintaining the commercial property are both full-time efforts; some days take more effort than others.
You have to manage your employees, you have to meet with partners and clients, and make sure your bottom line is where it needs to be. A couple of the last things you want to worry about are calling contractors or repairing a leak somewhere in your commercial property. That can take up a significant amount of your time and your money. So when exactly will handing off your property management services make a great business decision?
Even if you are calling other people to come in and repair things that need work, you are still using your energy, money, and time. You are setting up appointments and managing schedules. All of these things can certainly be demanding and confusing at times, but for those working in the property management business, it is just another day of work.
You need a good property management company; a good property management company has the time, resources, and understanding of what needs to be done in order to keep your commercial property running in the best shape possible. The skills and experience of a property management company will allow you to focus on what you do well, and that is improving your business every day.
Not every property management company will offer you the same services. They are not all created equally. So, how can you possibly start your search? You can ask friends, family members, and colleagues for recommendations. When you think you have a good list of potentials, you can contact them and request the necessary information.
Here are a few questions you can ask when you are consulting with different companies:
What are the costs? Fees?
What do you do about vacancies?
What methods do you use to inspect and repair things in my office?
How many times will you come to inspect my commercial property?
Will I receive any documents regarding what has been done to my property, or reports about the finances?
A property management company should have enough skills and staff members who have experience in real estate, finances, management, repairs, and a variety of experience in other fields.