Best Practices for Managing Industrial Properties
harkins / April 2, 2020
Whether you have commercial real estate for lease or for sale, you’ll need to have a few key practices in place for managing industrial properties. Being able to offer innovative solutions and advanced technology to your new tenants will not only add value to them but also to how they manage these properties in the future.
Expense and Account Management
Properly managing your expenses and other accounts will ensure that you are not wasting money or not utilizing your resources efficiently. It’s important to establish a budget. Many projects get delayed or uncompleted due to poor money management. It’s crucial to know where your money is coming from and where it is going at all times, and with each client.
Effective and reliable communication between property managers and tenants is a must. Being able to understand your tenants’ needs is important if you plan on keeping them around. Having reliable methods of communication in place ensures that both parties address issues promptly.
Effective Maintenance Plans
In order to keep your commercial properties desirable, you need to have effective maintenance plans in place so that tenants can maintain their own operations without having to worry about issues or problems with the property. Maintenance plans vary from property to property, so plan accordingly and make a well-detailed schedule available to your team.
Reliable Service Providers
Reputable property managers have a list of reliable, certified service providers that they can call to keep things running smoothly at their commercial properties. Do your research before choosing a provider.
If you are interested in learning more about commercial real estate properties for sale or lease in Lake Mary or the surrounding communities, Harkins Commercial is here to here. We are able to work with property managers and help them find the best possible practices to ensure that their business is a success in the Central Florida area. Contact us today to start!
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