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With over 83,000 commercial property management services active in the US, choosing the right one can be tricky.
Commercial management companies are there to help you run your commercial building. They take care of maintenance, help find new tenants, deal with business owners, and evict them when necessary. All in all, a commercial property management service will help you maximize your profits.
Today, we're going to help you choose the right property management services for your needs. With so many options available, it can be difficult to pick just one. Keep reading and we'll give you the tips you need to make the right choice.
Reputation Matters
A property manager's online reputation is a good indication of how they'll help you run your property. The best thing to do at the beginning of your search is to look up online ratings and reviews from former clients.
No one can tell you more about how a commercial property manager operates than former clients and tenants. If there are any concerns about the way they go about their business, you'll find out in the reviews.
Pay close attention to what former tenants say. If you hire a property manager that has a reputation for being difficult with tenants, you'll have trouble filling vacancies in your building. Choose 3-5 property managers with top-notch reputations and schedule meetings with them.
Go Local
One of the more overlooked aspects of good commercial property management is local knowledge. What good does having a big-name property manager run your properties do if they don't understand the local market?
A local company will understand the market, helping you to price your units competitively. They'll also have relationships with local vendors and contractors, which are an essential part of maintaining a building.
What They Offer
Find out what services each of the top companies offer. Do their services line up with your needs?
Most full-service property managers will take care of as much or as little as you need them to. Included in full-service management are accounting, building maintenance, marketing, tenant screening, rent collection, and eviction services.
If you want to take a back seat and let your investment run itself, you'll need a full-service property manager. Make sure that you know what's covered when you hire a property manager. You don't want to find out that something's missing from the service after you've signed the contract.
Accreditation and Licenses
Accreditations and licenses guarantee a certain level of professionalism in commercial property managers. There are a variety of industry organizations in the property management world. Look for an accreditation from one of these, such as the NARPM.
Get the Best Commercial Property Management Services in Houston
These tips will ensure you find the best commercial property management services in Houston. When you reach the end of your search, the most likely scenario is that you'll be hiring PMI Property Management for your commercial management.
As one of the top residential and commercial property managers in the country, we have the services and local knowledge to maximize your commercial investment. Contact us today to learn more about what we do.
