How to Get the Most Out of Your Commercial Property: 3 Tips

When you invest in commercial property, you want to get the most out of it. We’ve got three tips for getting the biggest bang for your buck. Go beyond the landscape and curb appeal; let’s get to the meat of commercial property success. Learn these top three tips for getting the most out of your commercial property.

Tip #1: Know what you have

Knowing what you have is crucial in maximizing the potential of your commercial property. Look at the condition of the building and yourself, or a professional, where the issues are. Where can you be proactive? Are there areas of the building or tenant management where you incorporate value-added improvements? Don’t forget to understand the building history, tenants, and to review the property lines. Take a look around and get a feel for where the building is, for instance, what township and what regulations you need to abide by in that township. What is the neighborhood like?

Tip #2: Understand WHY you have or want a commercial property

Why? This is a mammoth factor in determining the success of your commercial property. Why do you want one? For instance, if you want a commercial property to make more money, why do you want to make more money? What would you do with increased income? Here’s another example: Is your WHY related to neighborhood improvement? Community needs? Why do YOU want to own a commercial property? Be truthful to yourself. Go a step deeper and ask yourself if your WHY aligns with your big picture. Seriously. Don’t skip this step. Think. Pray. Get clarity on your WHY.

Tip #3: How much time do you want to put into this investment?

Time is the most valuable asset that is known to people. The minutes on the clock are irreplaceable; you cannot get them back. How much time do you want to put into your commercial property? If this is your passion, gifted in handiwork, have a network of licensed professional services, including a lawyer, and don’t mind talking to tenants, then commercial property is your gig. Have at it!

However, if you don’t want to put much time into it, it’s paramount that you hire a professional commercial property management company. Not your buddy, not your Uncle, not a residential property manager, and not a business partner who says they’ll take care of it, hire an actual commercial property management business. A commercial property management company has the systems, they know what they’re doing, and they know how to talk to tenants.

6 reasons to be excited about excite

We aren’t just rent collectors; we genuinely care about the profitability of your investment and the tenant’s success.

1. We go on-site. We actually check the property.

2. We use one of the best commercial property management software on the market.

3. We have connections and relationships with vendors in place that not only save you time but also money.

4. We have systems in place for certain situations that come up.

5. We understand that owning and operating a commercial property isn’t just a building; it’s an investment in the community.

6. We’re in this industry to make your property profitable, tenants happy, and all-in-all impact the community in a positive way.

**Who doesn’t like a little backstory to excite commercial property management?**

excite started because the founder saw a gap and knew he could do a great job filling that space. In 2007. he transitioned from a comfy engineering career to launching a residential property management business while living off of a shoestring with a baby on the way. From there, he expanded into residential leasing and managed a real estate team for residential and investment real estate sales. Along the way, he realized he could apply his expertise to support and elevate the commercial property industry.

What do I do next with commercial property management?

If you’re thinking about getting a commercial property manager, finding a new one, or purchasing a commercial property, contact excite Commercial Property Management by filling out the “get in touch” form below. We offer many services that can be customized to meet your needs. Let’s make things happen and make a difference.

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