Managing commercial properties generally does not require an on-site presence. You lease your space to commercial tenants who are busy running their own businesses from your property.
That doesn’t mean you shouldn’t have a property manager. There are a number of excellent reasons to partner with an experienced Southern California commercial property management company when you’re leasing, managing, and maintaining an investment – whether it’s residential or commercial.
Long distance commercial real estate management isn’t impossible. In fact, it makes sense in a lot of ways. Almost everything can be done remotely these days, and real estate management is no different. Whether your property manager is across town or across the state, you can count on effective, efficient management when you choose an experienced company that’s willing to invest in and use technology and tools.
Southern California Commercial Property Management Technology
Southern California commercial property management can be challenging for even the most experienced managers. We’re managing multiple investments for our valued clients dealing with tenants who have various demands, and ensuring profitability for our owners. Without technology, it would be challenging to keep up.
Without technology we’d also have a hard time taking care of your commercial property remotely. Bell Properties Commercial Real Estate can protect it and promote it without being on-site, however, thanks to the innovative technology that we’re willing to invest in.
Bell Properties Commercial Real Estate leverages technology in order to streamline processes, save time, reduce costs and manage long distance when we have to.
Here’s how technology helps us manage your property remotely and effectively:
Programs and software allow us to automate repetitive tasks. Traditional Southern California commercial property management processes often involve a plethora of repetitive, manual tasks like collecting rent payments, sending notices, and tracking finances. Without good technology, we’d have to collect rent from your tenants in person. We’ve managed to automate rent collection, however, which allows for remote management. Our automated systems when it comes to rent collection, repair requests, and communication also reduces the risk of errors. For example, we can email automated rent reminders to tenants, avoiding late payments for you and late fees for them. We can also generate reports without any manual data entry. Your financial and accounting statements are always available to you.
Maintenance and repairs needed at your commercial property are easily streamlined. We don’t have to be there in-person when the parking lot needs to be re-paved or the elevator needs to be inspected. We can schedule, arrange, and follow-up with service providers from anywhere. As a commercial rental property owner, you are required to ensure your property is well-maintained and in good condition. With multiple properties to manage all over the city, this can be challenging. Technology keeps everything organized. We streamline our processes, schedule regular and preventative maintenance ahead of time, and track work orders. Detailed logs and inspection reports are created automatically and shared with our owners. This tech-driven approach saves time and money. It also ensures efficient scheduling and task management.
Better tenant communication. We’re able to communicate with tenants more proactively thanks to our technology. We have an online portal which makes it easy for tenants and owners to send and receive messages. We’re available by text, phone, chat, and any other way that people feel comfortable getting in touch with us. Our technology makes us more available and responsive. It also gives us a written record of who we’ve talked to and what was decided. With excellent digital communication, we can have lease agreements signed online, we can handle tenant complaints with a bit of distance and objectivity, and we can send immediate and automatic notifications.
Decision-making is data-driven thanks to our technology, and that means better and more profitable results for you. We take out any guesswork and count on data analytics, insights, and market trends to help you track and understand rental payment rates, rental values, tenant turnover, and occupancy rates. We can see what businesses are doing and where they’re renting and what kind of tenants might be most interested in your commercial property. This helps us and you make informed decisions. You can plan better for the future and re-evaluate your investment goals as necessary, ensuring the profitability and growth of your business.
Technology keeps all of our operations centralized and organized. The tools we use as commercial property managers allow us to care for your property remotely because all of our operations and data are accessible from anywhere we happen to be. With everything accessible from a single platform we can track property performance. And, so can you. We can also monitor compliance, manage finances, and reduce the risk of easy mistakes and potential disputes.
Southern California commercial property management technology offers numerous benefits to you as a property owner and to your management company, which may be a long-distance partner.
Industry Leadership is Important
Thanks to technology and the availability of information and communication tools, your property manager does not have to be at your property or even near your property. That means you can take your time in choosing the right property management partner, and work with the best – even if they’re not local.
Industry leadership and property management experience is critical to the effective management of your commercial investment. If all of the best expertise and knowledge isn’t in your neighborhood, why not work remotely with the best Southern California commercial property management partner who is further away? It’s worth it to tap into their resources, tools, and talent.
Working with industry leaders can make a big difference when it comes to the success of a commercial property. You want to leave your valuable investment in capable hands. Your tenants want a management company that has years of experience solving problems and creating solutions. Industry leadership delivers a successful investment experience for everyone. You want to ensure that your investment is well-managed, profitable, and in compliance with all legal and regulatory requirements.
Don’t settle for a mediocre management company just because they are geographically close to you. It’s better for you and your property to work with someone who can deliver real value, even if they’re further away.
The commercial property industry is constantly evolving. Certain trends like sustainability and supply and demand need attention. Your property manager needs to stay on top of these trends and adapt their management to whatever is happening in the industry. A leader will be innovative and curious about best practices in the industry. This improves how your property is managed and what you’re able to achieve with your investment.
Commercial real estate also comes with many legal and regulatory requirements that must be followed. These regulations can be complex and difficult to navigate, especially if you’re not familiar with them yourself. You count on your property manager to be well-versed in these laws and requirements and to have the resources required to keep your property in compliance.
For this, you need experience and knowledge in a property manager. Your remote management partner can do the job well if they make an effort to stay on top of the current laws and pending legislation.
Relationships Drive Property Management
This is a relationship business. While Southern California commercial property management once required constant in-person meetings and frequent handshakes, that is not the case anymore.
Communication is most effective when there’s a documented record of it. You can communicate and build relationships from afar; it’s easier than ever today. You want and need effective communication from your property manager, and you might find that the relationship develops more naturally even without the in-person experience.
The reputation of a commercial property manager is dependent on customer service. Customers include tenants and vendors, and the management company who provides top-notch customer service will earn the respect of their peers and better results for the owners who work with them. Choose a property manager based on reputation and results – not zip code.
What Does Excellence Look Like?
If you’re looking for excellence in a commercial property manager, you have to decide what that looks like for you.
An excellent property manager understands your property, your tenants, and your investment goals. Bell Properties Commercial Real Estate has a detailed ability to enforce your lease agreement, collect rent, and manage the relationships with your current and prospective tenants. When necessary, we manage maintenance and repairs as well as improvements.
Excellence means great communication, responsiveness, and attention to detail. It means a deep understanding of the industry and an organized approach to financial management and vendor management.
You can find excellent Southern California commercial property management for your commercial property, but it doesn’t have to be the management company that’s closest to you geographically. With all of the advances in technology, communication, and investment strategies, it’s easier than ever to have your investment property managed remotely and from a longer distance than you might have expected. Real estate investors are even buying properties sight unseen because it’s so easy to do.
We would love the opportunity to talk about your investment goals, no matter where you happen to be located. Contact us at Bell Properties Commercial Real Estate. We’ll talk about what we can do for you and how we can help you reach and exceed your goals.
