Atlanta Commercial Property Management

Commercial property management presents challenges unlike residential property management: the scope is typically broader; the laws somewhat different; and the volume of shopping centers or office complexes larger than that of individual homes.

If you’re considering managing your own commercial properties, it’s advisable to contact a professional property management company first. They can point you down the right path and ensure you’re following the proper channels to achieve success.

As an overview, here are a few things to bear in mind regarding commercial property management:

1. Tenant management. With single family residential property management, you’re responsible for one tenant, one lease, per home. With commercial property management, you will be handling several different units; countless companies or retailers; and multiple leases. Having a proper process in place and enough help to efficiently manage the logistics is crucial.

Tenant screening also falls into this category. You want to guarantee that your tenants are financially sound and scrupulous before entering into a contract.

2. Managing and eliminating vacancies. If you have several stores or units vacant, profits will drop. Retaining high levels of occupancy is critical to financially successful commercial property management.

3. This is where marketing and advertising come into play. You must be savvy in marketing your available space to potential renters. If you don’t have the resources or know how to do this, consider turning to a professional commercial property management company.

4. Staying up to date on building codes and zoning, plus tenant/landlord laws and regulations will ensure that you’re managing your commercial property within the boundaries of the law. Seek out training classes, certifications and seminars to remain on the cutting edge of your industry.

5. Some of the largest aspects of property management, both residential and commercial, are maintenance, repairs and building upkeep. Establish a network of reputable specialists who can provide both minor and major maintenance within quick turnaround times.

Strive to be a presence as you manage your commercial properties. Perform regular inspections, and make sure your tenants are able to put a face with your name. Require prompt payment of rent and fees, and diligently follow up on any questions or concerns occupants submit.

If you have any questions or feel as if managing your own commercial property is too daunting or complicated, rely on an experienced property management company for guidance and assistance.

Call Boundless Management today at 866-331-6626.