Find Your Upside

Upside refers to the potential increase in value, measured in net operating income(NOI) and the appreciation of the commercial asset. (source)

As we serve our clients we seek out the “upside” of their investment.  

We have three main steps when we work with a new property.

Evaluate the property

Evaluating a property happens at several levels.

We dive deep to find the places where potential value of your investment is still “on the table”.

Tenant Review

We review the existing tenants, and current lease structures. We begin to build relationships and inquire into the tenants overall feelings and perception of how the property is suiting their business and what would help them retain this space in the long-term.

Property Inspection

We perform through property inspections to determine what shape is the property in. When we accept properties that have had years of delayed maintenance that will have multiple capital improvement projects we take detailed notes and begin to evaluate project priority. When we accept newly renovated properties we recognize that preventive maintenance is the name of the game and begin to establish a preventative maintenance schedule.

Create and Present a Plan

Each property and landlord is unique. We work with you to create a tailored plan of action. We will consider your goals for your property and the current condition of the property. We will discuss if this property is intended for long-term hold or if selling is in the near future. We will present our observations from property inspections and discuss property improvement projects and/or preventative maintenance schedules along with recommended priority. We create personalized lease structure recommendations based on the type of property and the goals you have shared with us. We will discuss any areas within the lease structure that could be improved at the renewal of current tenants or as vacancies are filled.

Implementation

We are people of action and establish a list of immediate action items to begin property improvement/maintenance. Delayed maintenance quickly slips into costly repairs and full replacements, so we find that a proactive approach is best. We take the steps needed to maximize your investment. Our long term vision that is created and diligently implemented will build your ideal property asset. 

We thrive on the challenge of turning around underperforming assets and love finding ways to create additional value in investments that are already seeing great returns.

We succeed when you succeed.

Interested in how we could add value to your investment?

What to look for in Commercial Property Management

Track Record of Low Vacancies

One key factor to consider when looking for someone to manage your commercial property is the amount of vacancies the property management company has within the buildings they currently manage.

As an owner looking to maximize profits, low vacancy at your property can make a large impact.

Fully leased properties stabilize property incomes and ensure that the property is a performing asset.

Vacancy rates can also be an indicator of how property management is performing. Higher vacancy rates can indicate high tenant turnover, with unsatisfied tenants vacating the property. While lower vacancy rates can be a sign that tenants are satisfied with the service they are receiving, that they feel maintenance of the property is handled promptly, and issues they report are quickly resolved.

Having property management with strong tenant relations creates an environment where tenant issues are resolved before they escalate to a level that would have an impact on your tenants business and creates a desire to continue to grow in the space they currently occupy.

A property management company with low vacancy rates is a great thing to look for if you desire higher tenant retention and a higher return on investment for your commercial asset.