One of the easiest ways to increase the value of commercial real estate is through good property management. Even though purchasing a property at the right price is vital, what you do with it is more important. So how can you take good care of your property without encountering any issues whatsoever? Well, you can either hire a property management company such as Eenhoorn or simply go solo. If you are planning to go solo, here are some of the tips for being a great commercial property manager.
Keep Tenants Happy
Unlike residential properties, it might take some time before you finally get new tenants for commercial properties. Worse, a leasing commission is never due until you sign the lease and mostly, you may have to spend money on the space for it to be feasible. For this reason, you need to keep your current tenants happy thus preventing them from leaving.
Try as much as possible to maintain a good tenant relationship through regular communication, being proactive or even anticipating their needs. Make sure you follow in the footsteps of renowned property managers like Paul Heule who have been able to build a name for themselves in the industry.
Maintain the Property
It is without a doubt that the appearance of a building is of great importance especially when it comes to attracting new tenants. What is even more fascinating is the fact that tenants will most likely pay more if the commercial property is attractive. Keep in mind commercial properties are designated class A, B or C based on the state of the property. As with other properties, deferring on maintenance costs can lead to costly fixes in the long run. Of course, you will never want to find yourself in this situation no matter what.
The Bottom Line
Property management is not a walk in the park as some landlords tend to think. Without taking time to understand what it is all about, you will certainly make the wrong decision. The good news is that you can seek the help of a reputable property management company that has been serving the industry for quite some time now. One such company is the renowned Eenhoorn that is under the leadership of Paulus Heule. For those who doubt their authenticity, then you can simply check what other clients are saying regarding Heule and the company.