How to select a commercial property management company

Identify commercial property management firms that specialize in your particular type of property. Some property managers only specialize in residential properties, so make sure the firm you select has the proper liability insurance in place. As always, ask for referrals from people you trust.

Search for references
Signs located outside commercial properties typically indicate the commercial property management firm that operates it. Inspect the premises of buildings managed by your prospective firm to see if they are consistently maintained to your expectations.
Identify potential additional fees in advance
Prevent billing surprises and ensure you are aware of the full situation regarding the management of the property.
Ask for references
Don't be afraid to ask for references. Any reputable property management company would be proud to provide a list of customers they have helped.
Identify conflicts of interest
Commercial property management firms often own and maintain their own investment properties. This does not necessarily indicate a conflict of interest but should be a topic of conversation to establish trust and eliminate any concerns you may have.

Typical services offered by commercial property management firms.

Creation and maintenance of a comprehensive budget for the property, including a process to allow for adjustments as needed
Creation of detailed reports regarding relevant details about the property
Market analysis to determine rents
Documentation of procedures to stay in compliance with federal, state, and municipal laws, including fire, health, and safety codes
Administration of tenant leases and renewals
Rent collections and timely deposit reports
Scheduled internal and external property inspections to identify needed repairs, hazards, and violations

COMMERCIAL PROPERTY

MANAGEMENT

How to select a commercial property management company

Search for references Signs located outside commercial properties typically indicate the commercial property management firm that operates it. Inspect the premises of buildings managed by your prospective firm to see if they are consistently maintained to your expectations.

Identify potential additional fees in advance Prevent billing surprises and ensure you are aware of the full situation regarding the management of the property.

Ask for references Don't be afraid to ask for references. Any reputable property management company would be proud to provide a list of customers they have helped.

Identify conflicts of interest Commercial property management firms often own and maintain their own investment properties. This does not necessarily indicate a conflict of interest but should be a topic of conversation to establish trust and eliminate any concerns you may have.

Typical services offered by commercial property management firms.

Search for references
Signs located outside commercial properties typically indicate the commercial property management firm that operates it. Inspect the premises of buildings managed by your prospective firm to see if they are consistently maintained to your expectations.

Identify potential additional fees in advance
Prevent billing surprises and ensure you are aware of the full situation regarding the management of the property.

Ask for references
Don't be afraid to ask for references. Any reputable property management company would be proud to provide a list of customers they have helped.

Identify conflicts of interest
Commercial property management firms often own and maintain their own investment properties. This does not necessarily indicate a conflict of interest but should be a topic of conversation to establish trust and eliminate any concerns you may have.