Often, property managers are only thought of as those who handle landlord functions of residential properties. Commercial property managers, however, are a growing trend in the business and retail world. These property managers handle leases, maintenance, rent collection, and more for commercial properties, such as retail and office spaces. As an owner of a commercial property, there are many things a commercial property management team can do to help you grow your investment. Learn about several of them below.
In the world of commercial property managers, Layton property owners will find one of their primary responsibilities is asset management. Commercial management teams handle day-to-day tasks, such as processing maintenance requests, collecting rent payments, and filling vacant properties with new businesses.
Design and Space Planning
Property managers who specialize in commercial properties often give suggestions for maximizing the space available within a property as well as for the best design options for the space. Additionally, commercial property managers are typically well-informed about energy efficiency practices and can help property owners save money.
Tenant Relations and Retention
Commercial properties are unique in that the longer a business remains operating in a space the better it is for both the tenant and the property owner. Property managers work with tenants to ensure they are happy with every aspect of occupying the space they are in, from ensuring their maintenance requests are responded to appropriately to addressing the business owners’ concerns about adequate customer parking.
Similar to their expertise in environmental conservation techniques, a commercial management firm has knowledge of Americans with Disabilities Act (ADA) compliance and with the most effective ways to make a commercial property handicap accessible. Wheelchair ramps, low curbs, compliant bathrooms, and more are all handled and advised upon by a commercial management group.