If you own a commercial property, you understand that it is a full-time endeavor. Between managing employees, keeping financials in order, meeting with clients, coordinating contractors, and everything else that needs to be juggled, sometimes it can be beneficial to outsource your leasing services to help free up some of your time.
How Can Outsourcing Leasing Services Benefit Your Commercial Property?
Outsourcing your leasing services can help your commercial property attract and retain quality tenants, free up your time to focus on more pressing matters and can help your bottom dollar. If you are considering hiring a leasing service to manage your commercial investment, these five reasons show you how outsourcing can help keep your business running and growing.
- Attract More Tenants
- Retain Quality Tenants
- Free Up TIme
- Save Money
- Leasing Experts On Your Side
1) Attract More Tenants
When you outsource your commercial leasing services with a high-quality company, you can expect to attract more tenants to your commercial property. Through marketing analysis and advertising plans, property management services attract qualified lease prospects, as well as handle lease negotiations and lease document preparation.
2) Retain Quality Tenants
Along with attracting more tenants, hiring a leasing service for your commercial property can help your investment retains quality tenants, as well, by overseeing lease renewals, collecting rent, and improving leaseholds.
3) Free Up Time
When you hire a property management group to handle the leasing services at your commercial investment, you open up valuable time to spend on other income generating ventures.
ProTip: One of the best reasons to outsource your commercial property leasing services is because it frees up your time to focus on other pressing matters.
4) Save Money
It does cost money to outsource your leasing services, but a seasoned property management company can help save you money in the long run. With their expertise, along with the advertising, marketing, and other services they provide, you can be sure to maximize your rental income.
5) Leasing Experts On Your Side
Outsourcing your leasing services ensures that you have experts on your side to help your investments grow. This can be especially useful if you are new to property management. They offer you informed advice and know-how and help you in all aspects of commercial leasing investing.
Outsourcing Leasing Services: The Best Choice for Your Commercial Property
Choosing a leasing team to help manage your commercial property is an ideal way to boost your investment and make sure it is correctly handled while you focus on other business.
Contact us to learn more reasons why outsourcing leasing services is the best solution for your commercial property.
If you own a commercial property, you should certainly consider working with a professional facility management department. The right company will help your property buildings not only succeed but thrive.
Facility management is an essential component of owning commercial property. An experienced team will not only manage the facility but advance your company while increasing productivity and profit.
Increase Operation Performance
How is the operation performance of your commercial property? Operation performance includes managing projects to increase productivity and efficiency while utilizing time effectively. Facility management professionals will use their knowledge and experience to analyze your property portfolios in order to reach long and short-term facility objectives.
Develop & Implement Strategic Management Plans
Do you currently have effective management plans in place? Another advantage of working with a facility management team is that they will pay close attention to detail in every project- including integrating people, places, processes, and technologies. They will use this information to develop and implement strategic plans.
Pro Tip: Strategic management plans will contribute to the overall success of your commercial property.
The goal of owning a commercial property is to make a profit and continue to maximize profits for years to come. A facility management team will work with state of the art technology to control operating costs and advance profits.
A Prosperous Building
At the end of the day, most commercial property owners want their buildings to be prosperous which is why modern facility management should be a priority.
Are you interested in learning more about facility management in commercial property? Join the conversation to speak with our team about our commercial real estate services.
Are you considering taking the plunge and investing in commercial property? It can be a slippery slope if the property you choose has problems that will result in a loss of revenue. On the other end of the spectrum, you could make a huge profit that will sustain your income for months or even years to come. So how do you determine the best and most profitable use for a commercial property?
You’ll want to carefully analyze the possible property before making the financial commitment. You’ll want to ensure that your commercial development will be used to its full potential.
Before making any changes or upgrades to your property, you’ll want to ensure that it is legally permissible. Research and inform yourself about the zoning laws, environmental regulations, and building codes.
Pro Tip: It’s critical to understand the rules and regulations associated with your commercial property before planning any construction.
Profit and Productivity
A market analysis of the property must be done to determine the best use for productivity and profit. Once the property is renovated to its full potential, will you be making the profit that you desire? You must work with an accountant to get the operating, renovation, and any other expenses calculated. They will then subtract this number from your gross income to give you the net operating income.
Determine if your construction plan is feasible in the property’s physical location. If the property shaped uniquely, it could put a damper in architecture plans. Also, consider the weather. Are their earthquakes or tornadoes in the area? Is the property in a hurricane-prone, flood-zone? These are all location quirks to consider before investing.
The Perfect Property
After examining your property for the above characteristics, you should be able to determine if the investment will be worth it.
Are you trying to determine the best use for a commercial property? Before making the purchase, join the conversation to discuss your commercial real estate options with our team.
With the new year upon us, it’s a time to reflect on 2018 and analyze what worked well and not so well. Now is the chance to set goals that will make 2019 an even better year. Commercial real estate investment is a complicated process that takes a lot of time and energy. However, the payoff is well worth the hard work and dedication.
Your Commercial Real Estate Investment Goals
The commercial real estate market changes each year. You must stay on top of these changes and adapt to the market in order to be profitable.
Grow Your Client Contact List
You must actively be working on growing your client contact list. Find new potential clients and stay in contact with them on a consistent basis. It’s critical to attract new clients, leads and interests. Send a monthly newsletter with your commercial real estate listings to current clients and potential leads.
Focus on Better Properties
The process for property transactions is just as complex and tedious with smaller listings as it is with larger listings. Have faith in yourself and set your real estate goals high.
Pro Tip: Set your commercial real estate standards high and don’t settle for less than the best in 2019.
It’s critical to stay on top of inquiries and track where they are coming from. If you work with a marketing team, ask them for the data on where each inquiry came from. This will give you the insight to know what marketing efforts are working effectively. Remember to consistently follow up with potential leads.
A Rewarding 2019
Make 2019 your year for commercial real estate investment. Set goals and follow them through for a productive and rewarding 2019.
What are your commercial real estate investment goals for the new year? Join the conversation and let us know!
It’s incredible how quickly 2018 has zipped along to the end. This is the time of the year we pause and reflect, analyze the year behind us and look ahead with great anticipation for the year to come. We consider what went well and look for opportunities for growth.
Inviting You to Join the Tarantino Community
Tarantino Properties was pleased to introduce our newly revamped website and online community where we frequently share insights, knowledge, and experience in the form of daily articles, videos, press releases, and other information. The real estate industry is ever changing, but Tarantino remains ahead of the competition by embracing innovative practices by covering a variety of topics that may help provide valuable information about commercial and multifamily property management and real estate.
Become a Part of the Tarantino Properties Community!
Honored at 2018 World Homeless Day Awards
Tarantino Properties was humbled and honored to be recognized at the 2018 World Homeless Day Awards. The event recognizes partners of the Coalition for the Homeless, a nonprofit aimed at ending homelessness in and around Houston. Tarantino Properties was named a “Harvey Hero” for the exemplary work they did to help the community recover. The Coalition for the Homeless noted the incredible commitment that Tarantino showed in those weeks and months after the storm.
Tarantino Honored at 2018 World Homeless Day Awards
Investing Tips for Beginners
Commercial real estate investing represents the potential to build massive wealth. It offers several advantages over smaller, residential investments including higher income potential, steady cash flow, and lower vacancy risks. With all the possible benefits, it can seem like a safe bet. However, without doing your due diligence, you could get stuck with a less than desirable property.
Commercial Real Estate Investing Tips for Beginners
Looking Forward to 2019
It’s our honor to serve all your management, brokerage, leasing, and renovation services needs. We thank each one of you for your continued partnership and trust. At Tarantino Properties, we are excited to see all 2019 will bring to our valued clients. Here’s to a festive New Year’s Eve and the best year yet in 2019. From all of us at Tarantino Properties, Happy New Year!