1. Commercial Lease / Tenant Placement
- Commercial leasing involves more than just placing a tenant in a property. Finding the right tenant is crucial for a healthy investment. Few indicators to look for: is the commercial tenant financially solvent and have a good leasing record? Attracting high-profile/quality tenants is key to lower cost over the long run. It can be less expensive and thus more profitable, to maintain an existing tenant than to find a new one.
2. Commercial Property / Facility Management
a. Management of Tenant relations:
- Collection of monthly rents and credits
Action plan for collection of delinquent fees and charges
Acting as Landlord representative and managing effective tenant and lessee communications /relation including resolving tenant disputes
Ensuring all lease covenants are followed
Lease renewals
b. Financial / Asset Management:
- Financial reporting and cash management
Payment of any or all of the following expenses out of proceeds: Property Taxes, Maintenance, Repairs & Services, Utilities, etc.
Disbursement of net proceeds with monthly statements
Cost control / determining occupancy costs appropriate levels
Auditing – On Request by a Third Party
c. Physical Maintenance and Management of Vendors:
- Analyze property needs and develop a cost effective comprehensive plan
- Preventative maintenance for equipment
- Project and construction management when required
- Implementation of Sustainability strategies when applicable
- Replacement Fund Analysis – Optional
- Coordination of regular property maintenance activities and repairs, from snow removal, refusal removal, landscaping, common area cleaning, etc.
- Regular inspection of the properties
- Coordinating environmental studies / Engineering reports with respective providers when required
- 24 hour contact for emergencies
- Vendor selection and supervision