Our property management expertise helps your investment grow and puts your mind at ease.
Industrial Buildings and Retail Outlets
Like managing rental properties, commercial property management also handles the tasks and responsibilities of operating a property that produces income, like meeting with tenants and clients, coordinating maintenance and repairs, collecting rent, lease negotiation, and presenting income and loss reports. The manager oversees the administration of rental or leased properties including building equipment, land, rental spaces, and other buildings.
In Florida, property managers usually charge a percentage of the net proceeds from a property. The percentage can be lower or higher, depending on the number of units, please check our pricing section for more detail. Additional fees apply for tenant placement and lease renewals.
Most property management contracts have a term of 12 months (1 year). It is also a good practice to have some type of termination clause in the agreement that can be used by both parties.
Yes. A tenant would pay more for a space that is well maintained. It is always in the investor’s best interest to keep a list of all repairs that need to be taken care of and stay on top of them; hiring an experienced property manager can help investors maintain their commercial properties in the best shape possible and maximize earnings.
In commercial real estate, business properties are classified in classes A, B, and C, being type A the highest ranked. This rank is based on the level of risk and return.
Class A properties are typically newer properties, built within the last 15 years, they have high-income earning tenants, are located in desirable areas, have low vacancies, top amenities, and have little or no deferred maintenance issues.
Class B properties are generally older, have lower-income tenants, and may have some deferred maintenance issues.
Class C properties are usually more than 20 years old and located in less desirable locations, they are in need of renovation, such as updating the building infrastructure to bring it up-to-date, and as a result, they may provide the lowest rental rates compared to the other two.
Yes, like with any other investment, it’s essential to have a plan, and each property that you own should have its own plan. At ES Quantum we help you analyze your property and/or prospects to make the right decisions and take you exactly where you want to be as an investor. Contact us today and speak with one of our managers.