Why Should I Work with a Commercial Property Professional?
Having the help of a Commercial Property Professional has many advantages both to Landlords that want to be involved in the management of their Portfolios and those that prefer to be completely hands off, but its not for the reasons you might think.
Here are the top 6 reasons you should work with a Commercial Property Professional.
1. We Allow you to be as Involved with the Management of Your Property as you like
Other property management companies will disagree with me, but in my opinion, you do not need to engage a commercial property manager to manage your portfolio. I know many property investors that self-manage their portfolios. In fact, hands-on Landlords tend to get much better results by being involved with the management of their properties. They have the benefit of being able to make decisions quickly when any problem arises, they take pride in the presentation of their properties and have better relationships with their tenants which results in more lease renewals or extensions.
In fact, the most successful management model I have encountered is where the Landlord manages their commercial portfolio with the help of one or more property professionals. These savvy investors often have skill sets that even the most professional Property Management company may not be able to offer.
2. We Take Care of the Legwork so You Can Get on With Your Business
We recognise that as a property investor it is probably not the best use of your valuable time to be managing maintenance contractors or health and safety, but you may want to build good relationships with your tenants so that you can include them in your next development.
Maybe you have invested in property management or accounting systems and you prefer your accountant to take care of your investment income but you really want someone else to make sure all your rent reviews are carried out in time and look after your outgoings.
With CPP you have the flexibility to do as much or as little as you want to when taking care of your portfolio and you don’t pay additional costs for services you don’t need.
3. Work With an Invested, Experienced Professional
Highly experienced property managers can offer you a higher level of service than you can expect from other property management companies. Each Commercial Property Professional has had more than 10 years’ experience in the Commercial Property industry. As business owners they are invested in the success of their business so will deliver you the best results possible.
4. Don’t Pay for the Services you Don’t Need
Commercial property management companies generally offer a one-size-fits-all management contract, because, regardless of your portfolios needs, they still need to pay their accounting team, their facilities management team, and their directors. CPP is an agile company that can tailor their services to fit your property, not try to make your property fit into their structure. We offer flexible contracts that allow you to select only the services you need for your portfolio.
5. No Exclusions Guarantee
Our comprehensive contracts come with a “No Exclusions Guarantee”, which means any services we provide that relate to the management of your property will be carried out without additional charges.
Don’t get caught out by hidden costs in your management contract
CP Pro Tip: When engaging any Property Management company check your contract carefully for exclusions. These hidden charges can add a significant amount to your property management costs and are usually not recoverable from your tenants.
6. Consultancy Services are available to Help You with One Off Projects
Our consultancy service is also available to deal with isolated issues or improve your in-house management even if you don’t require a property management contract. Perhaps your property is struggling because the car parking is being abused by neighboring businesses. This is a very common issue that if unresolved can cause major issues for your tenants. CPP can put together a proposal to maximise the available parking for genuine customers and keep your tenants happy in the process.
Maybe you want to appeal to more environmentally conscious businesses by having an Environmental Policy for your portfolio. We can write, implement and maintain this policy for you.
We also offer best practice training for your team on any area of Commercial Property Management.
If you want more flexibility and a higher standard of service for your commercial property assets, or if you need help establishing or refining your in-house management systems, contact me on kirstin@cpp.nz.
Regards,
Kirstin
