22. September 2014 06:45
The concept of commercial property management is completely different than simply maintaining a building. It is intended at generating more business for the property. The commercial building must offer green premises and cutting-edge features that can be impeccably suitable for the needs of their business.
Efficient commercial property management is also linked with keeping hold of the existing renters as well as drawing new ones. Here are some important tips for successful management of commercial properties that will help make way for generation of revenue and expansion of business.
- Outstanding maintenance: The most important element is the outer appearance of the building. A shabby look will never attract new renters. Thus, the property management company should regularly check the premises to look for any areas that need to be replaced or repaired. This includes an inspection for landscaping, roofing, paint, signage, glass and parking areas. Inside the property, the flooring, walls, furnishings and plumbing all have to be in perfect condition.
- Regular upgrades: Commercial properties need to be regularly upgraded with the latest trends and offer superlative services to their clients. These should include all facets of the property, such as up to date security systems, modern pantry etc.
- Latest technology: Present commercial buildings offer the best and technologically sound workstations to their clients. This means that the property managers must work closely with highly trained professionals. Property managers must understand the working of all equipment so they can easily solve if there’s any problem.
- Going green: Increasing a building’s green cover is the key to successful commercial property management. More and more commercial property owners are now choosing the option of renewable sources to generate energy for unremitting facilities such as escalators and elevators. Tenants are more willing to pay for the greener buildings as they realize the long term benefits of it.
- Effective Communication: All property management services, although highly efficient, would not be of any use if there is not clear mutual communication between the landlord and the property manager.
If any trouble arises, the property management company must be able to find immediate and composed ways for effective resolution of the problem and not letting it hamper other regular functions.
We, at John Reider Properties, provide top notch commercial property management services across Texas. If you want your property to be a step ahead of others, use our commercial property management services. For more information, call at (254) 699 – 8300 or reach our office at 455 E. Central Texas Expwy Suite 101 Harker Heights, TX 76548.
11. September 2014 10:09
As a property-owner it is very crucial that you carefully consider the tenant you rent out your house to as they would have partial right over your property. It is very important to invest some of your time in carefully selecting the right tenants for your property with a view to safeguard yourself from any trouble in the future. Given here are some important considerations to keep in mind while screening the potential tenants.
- Be fair and just: You must not discriminate the tenants on the basis of race, color, religion, origin, familial status and gender. Rejecting tenancy due to any of these reasons can even land you into legal hassles.
- Perform credit check: Having a tenant who is monetarily responsible ensures a smooth and hassle free tenancy. You can validate their income by checking the copy of their pay receipt. You can also check if they have a history of timely payment of bills.
- Perform a check for criminal record: This check will help you be aware about any minor or serious offenses that the tenant has committed in the past. You should make sure that you check all necessary documents to validate their identity.
- Check rental history: Speak to a minimum of two of the previous landlords of the tenants to check if they used to pay bills on time. If the applicant is renting a property for the first time you may ask for a co-signer for the lease agreement.
- Consistent lifestyle: The right tenants would always have a stable lifestyle and you can check if they are habitual to switch residence or jobs. If this is so then it is highly possible that it carries on and they would not be a long term tenant.
- Do not overcrowd the apartment: Although there are no specified regulations about the number of dwellers in a room, it is quite reasonable to not have more than 2 persons per bedroom. Too many people in an apartment will lead to more noise and deterioration of your property.
All these factors will help you save a lot of time and effort and rent your property to the right tenants without much problem. We, at John Reider Properties, can assist you in finding the most suitable tenants for your rental property in Texas. For more information, you can call at (254) 699 – 8300 or reach us at 455 E. Central Texas Expwy Suite 101 Harker Heights, TX 76548.