Commercial Property Management Services

What Does a Property Manager Do?

Many responsibilities fall under the role of a property manager. Anything from asset management and leasing to day-to-day tasks unique to the commercial property.

Here are some of the most common tasks a commercial property manager must complete:

• Manage leases and tenant contracts
• Supervise maintenance work orders
• Resolving tenant complaints or concerns
• Collecting rent and completing property accounting and reporting
• Oversee construction and repurposing projects
• Track Key Performance Indicators (KPIs) to measure retail assets and investments (keeping track of rent, to increase with market value, making sure expenses are in line)
• Coordinate with brokers when a new property is available for lease

What Does a Commercial Property Management Company Do?

Commercial property management companies handle an extensive list of responsibilities and tasks. If you’re a commercial investor or the owner of multiple commercial lots with complex maintenance, financial, and tenant needs, the services our firm provides will enable you to focus on other tasks knowing your property is under strong leadership.

IPM has a robust range of professional staff members who coordinate with you to provide many services, including:

Retaining Tenants

Finding good tenants is only part of the job of renting or leasing. IPM works with trusted brokers to find new tenants for vacant properties. The next major task is to ensure their tenancy continues by offering the services promised in their contract.

We strive to keep tenants happy in their daily and monthly needs, ensuring the property as a whole is well-maintained and making sure our team is available for complaints or specific requests.

Rent Administration and Lease Negotiation

The financial details of renting a property are complex and often tedious, and if you handle them on your own leads to considerable responsibility. IPM and our staff will take care of all this for you by being the financial face of your commercial enterprise.

We make sure tenants pay rent on time and their payments are accounted for. Property managers deal with delinquent tenants to make their payments or vacate the property as stipulated in contract agreements and local laws.

The same applies to lease negotiation efforts. We ensure lease agreements are correctly structured and their terms are kept to by both parties.

We also consult on the cost of rent for your property by comparing your rates to those of similar commercial properties in your area to ensure your rates are competitive.

Organizing Property Maintenance

One of the most fundamental and ongoing responsibilities of any commercial property management firm, regardless of size, is fulfilling your property maintenance needs on a consistent, professional, and thorough basis. This means handling all the direct labor necessary for daily building maintenance, groundskeeping, repairs, property inspections, and regulatory compliance.

IPM will subcontract work we to a vetted list of reliable, trustworthy local contractors and ensure you’re being billed fairly for the repairs. We know what good maintenance looks like and we require quality work from our vendors.

Financial Tracking

The financial side of managing a property isn’t just about rent collection, rent setting, and lease agreements. It also involves tracking and paying for numerous expenses and daily billing needs. A reliable property management company like IPM will handle all this for you ensuring a smooth, sound administration of expenses and revenue.

We keep records and rack operating costs, marketing expenses, and repair budgets within the budgetary limit.

We also handle your CAM expenses effectively by keeping a real-time up-to-date account of budgeted versus actual expenses.

Budgeting

While commercial property management services cost money, hiring a company to oversee your property is a sound budgeting decision that saves you more money than it costs in the long run. We have professional experience in thoroughly budgeting for the upkeep of a commercial property.

We know how to keep expenses low, prevent costly mistakes, and effectively make revenue from your property. Taken together, the savings you gain from having all these things done for you will often far cover the cost of hiring a property manager.

Document Management

Managing your property and handling contractor payments, accounts payable and receivable, rental payments and lease agreements generate reams of paperwork.

Taking care of the documentation needs yourself can quickly put you in over your head unless you’re very experienced with the whole process.

When we handle all your administrative and documentation needs, you can be sure that your property is fully compliant with financial statutes, local building maintenance codes, and safety regulations.

Work with IPM

When you choose to work with us for your commercial property management needs, you choose to work with a dedicated team of professionals and real estate experts. Our goal is to keep tenants happy, keep your property profitable, and take the hassle out of owning investment properties.

We proudly serve Sacramento, Rancho Cordova, Folsom, Elk Grove, Rocklin, Granite Bay, Roseville, North Highlands, Citrus Heights, and surrounding communities.

Get in touch with our team today. We look forward to speaking with you about your property and what we offer our commercial owners.