A result of a property manager's years of knowledge and experience which include but are not limited to:
Selecting suitable credit tenants through a screening process
Access to a reliable and established list of contractors the project manager has been using for years. Contractors of such services include engineering, insurance, plumbing, HVAC, roofing, paving, and other similar vendors
Proactive and progressive rain collection process to ensure tenants pay on time. With technology these days, this would include an automated rent collection process with ACH payment within the accounting system.
Customized accounting reports are provided on a monthly basis so owner's can keep track of their cash flow + annual statement can be used by owner's CPA for tax filing
Inspect properties per a regular and timely basis to minimize deterioration and un-due maintenance of property
We've narrowed down the top 5 cost-savings that our property management has provided to our commercial property owners. Whether you are a new property owner or are debating to use a property management company, we hope this provides you some relief or inspiration toward your investment journey.