As a certified commercial property manager in Tucson, AZ, we are highly familiar with what works and what doesn’t when it comes to managing commercial properties successfully. The Whirlygig Properties team is dedicated to delivering only the best practices to produce optimal results and would like to share some of them with you to begin adopting yourself.
Ready to begin?
1. Effective and Frequent Communication
Communication is key and is the pinnacle best practice to work on to truly stay on the same page and connected with vendors, staff, and tenants. It is not uncommon for renters to have questions, especially in the first month of leasing. Ensure that you are available to answer them transparently and keep everyone updated frequently to avoid frustration and confusion.
2. Expense Management and Great Accounting
Aside from communication, you cannot succeed as a property owner if you are not proficient in handling expenses. Everything you do and buy needs to be carefully documented for future reference. A great practice to get on track with this is to establish a property management audit for yourself to follow. Now, if you are unable to do this aspect yourself, don’t be afraid to seek accountant assistance.
3. Create an Efficient Maintenance Plan
From a tenant perspective, there is nothing more aggravating than asking for a repair and having to wait over a month to have it fixed. Avoid these situations and take the initiative to construct an efficient maintenance plan for your property. The key here is to be able to address all requests promptly and ensure that nothing gets forgotten along the way on accident. Remember, the more you miss the expectational mark, the less reputable your space will become.
4. Embrace Technology and Innovation
As we head deep into the digital age, you must make it a goal to continuously update your property regarding technology and innovation. People love new and updated spaces that resemble effectiveness and aesthetic appeal. They desire revamped features and not be around an outdated environment when the world outside is ever-evolving. No, they might not own the property like you do, but they will be spending a lot of time there, and that makes this such a valuable best practice if you want to stay relevant and keep people happy.
5. Simplify the Process for Leasing Agents
Another excellent guarantee of receiving an ongoing stream of new tenants is making the process easier overall. Of course, give them in-depth detail as necessary to sell the space, but make leasing agents should have the ability to go from point A to B seamlessly. After all, when the leasing process is prolonged, it can entice potential renters to walk away. By making some tweaks in your workflow, it can provide a new level of convenience for future tenants that will surely appreciate it.
Conclusion – Get Help with Managing Your Commercial Properties
Through years of experience involving commercial real estate development in Tucson, AZ, we have been able to nail down what it takes to successfully manage properties, and are happy to share them with you. Now keep in mind, these are just some of the things you can do to achieve success as a property manager or owner, and some might be more challenging than others to add to your routine.
But you can remediate that obstacle by having and with the right CPM on your side. Contact us today if you want to really adopt these best practices fully and have the solidifying confidence that you are protected and secured along the way. If you ware looking for a certified commercial property manager in Tucson, AZ, get in touch!
Whirlygig Properties, LLC
6236 E. Pima, Suite 170, Tucson AZ 85712
Hiring an Experienced Property Manager in Tucson
Just about every aspiring or seasoned property manager in Tucson knows that the key to ...read more
5 Key Benefits of Investing in Commercial Real Estate in Tucson
It was not that long ago that commercial real estate was only accessible to the ...read more
IREM Certified Property Management for Remote Property Management
The IREM Property management certification allows you to manage properties anywhere, from anywhere. The ...read more
Winter Maintenance Tips for Commercial Property Owners in Arizona
It is important to prepare your property for the winter to prevent damages. Cold temperatures ...read more