If you own commercial property, you are well aware of the constant day to day management issues. From warehouses to apartment homes, it’s important to engage a manager for your commercial property who will proactively manage all situations on your behalf. It is imperative to ensure personalized attention be delivered to all property owner clients.
It is necessary for your management company to communicate and review expansion opportunities, and analyze national financial market conditions to prepare long-term capital budgets. This regardless of whether the client is a local investor, corporate or hedge fund investor, each client deserves to managed by a team who treats the property as if it were their own.
The team you choose for the overall facility operations and management, should provide a concise menu of services, including implementing facility expansion, contraction, and renovation plans. Leasing vacant space and locating prospective tenants should be part of the team’s responsibilities. As far as leases go, negotiating said leases, preparation of marketing presentations and fulfillment of tenant lease requirements should be a comprehensive part of the team effort to manage responsibly.
More specific to the service contract aimed towards retail, warehouse and industrial properties services, you should make sure the team menu will include collecting rents and paying bills on a regular basis. They should specialize in the creation of future budgets and ensure there is a plan for property maintenance. Common areas have expenses also and should be considered.
Tenant relations is something that should be highlighted, it’s important for negotiations and ongoing professional recognition. Most large investment groups do not have a hands-on opportunity to promote tenant relationships. The team you choose should have experience and knowledge of local businesses that can bring positive vibes to your leased location.
The Covid Complication
There are many changes this pandemic has brought to businesses and management services provided by companies. The Colorado Real Estate journal, in April 2020 Property Management Quarterly. talked about the property manager responses to the Covid virus. Viral epidemics are not included in the typical commercial lease and property management agreement. There are risks concerning exposure to the present virus and the duties and obligations of a landlord or property manager regarding limiting tenants’ and guests’ risk is paramount.
What services to lower risks the landlord or property manager provides at the property can be limited. In a situation where the tenant is responsible for its own maintenance and cleaning services, the landlord’s public health obligations are also limited. However, a landlord or property manager who provides cleaning, and janitorial services should consider implementing safe and risk-free alternatives and adoption of all key safety protocols during any outbreak periods.
Ensure Property Maintenance
It’s paramount that a commercial property management team should have open and introspective communication with property owners. There should have in place implementation of a preventative maintenance program, keeping within an expense budget. While overseeing the day-to-day operations of a property,the manager gains in-depth knowledge of all building systems, supplies, tools, and equipment and becomes familiar with all aspects of your property.
Important is the ability to deliver services that exceed investor expectations, when it comes to routine repair and maintenance scheduling. This is also a part of ensuring much needed continual janitorial service supervision.
Property Management Services
When you are working with Katchen Company, the diverse experience of each team member ensures that personalized attention will be delivered to each of our property owner clients. We have built our reputation by honorably serving our clients by utilizing the latest computer technology while remaining devoted to hands-on property management techniques
The diverse experience of each team member ensures that devoted personalized attention will be delivered to each of our property owner clients. We built our reputation by honorably carrying out of the Property Management duties entrusted to our care.
Go The Katchen Way!
At Katchen Company our corporate policies dictate a full spectrum of services provided as your Property Management choice in Metro Denver. Our carefully trained career staff brings the same exacting attention to detail in each and every assignment. We strive to be at the leading edge of the retail property management industry by utilizing its retail development and property management experience, gained over the last 50 years. We offer our partners and clients flexible, customized plans that will ensure that we’ll maximize the highest potential of any commercial property.