What is the Role of a Construction Manager?

If you’ve invested in a commercial property or multi-family property, you know that renovations and repairs are a necessary part of keeping your property thriving and bringing in capital. By utilizing a construction management service, you can be sure that high-quality work is done the first time. Needing to renovate your commercial property but don't know where to start? Here are the top reasons you need to outsource a construction manager to handle the project. Click To Tweet

Superior management is critical to the success of commercial and multifamily construction projects. With the right experts, you can make sure your renovation or construction project stays on budget and is completed right on schedule.

Design and Construction Process

A professional construction management team provides supervision and support in every step of the design and construction process to ensure that it meets the client’s specifications, as well as budget and scheduling expectations.

ProTip: A construction manager handles all permitting, zoning, and scheduling expectations.  

Staying On Budget

Using a construction manager can help your project stay on budget. Construction projects are commercial endeavors, and a manager will keep the money in mind while planning the whole project and work, making sure to cut unnecessary costs to stay within budget limits..  

Perfect Timing

A construction management team shoulders the responsibility of keeping your commercial project moving according to plan, ensuring that is finishes on time and within budget. We handle issues related to public safety, engineering, drafting, human resources, and time and quality management.

Construction Manager for All Your Commercial Real Estate Needs

Whether performing a minor renovation or a major transformation of a multifamily property or any commercial property, a qualified construction management team can help you see it through successfully every step of the way.

Join the conversation to learn more about how construction management services can assist you in renovating your commercial or multi-family property.

5 Types of Senior Care Facilities

There is no denying that many Americans are getting older and now more than 46 million Americans are over the age of 65, and this number is expected to double over the next 25 years. Due to this, families, health care providers, and patients are having to adapt to managing chronic health conditions, accessibility and good quality of life and are moving into various senior care facilities. Want to learn more about the different types of senior care facilities that would be lucrative for your next investment? Here are 5 facility types to consider. Click To Tweet

What Types of Senior Care Facilities Can be Great Investments?

If you are looking to move into commercial real estate investing, senior care facilities

  1. Assisted Living Homes
  2. Independent Living Communities
  3. Memory Care Centers
  4. Senior Apartments
  5. Nursing Homes

1) Assisted Living Homes

Assisted Living is a senior living option which offers apartment-style housing, and is designed for individuals who require assistance with everyday activities such as meals, medication management, bathing, dressing, and transportation.  

2) Independent Living Communities

Independent living is designed to enable independent seniors to enjoy an active lifestyle in a community of their peers. They are usually set up in freestanding homes or condominium style housing. In many instances, independent living facilities provide optional private duty services for care.

3) Memory Care Centers

Memory care reaches beyond the realm of traditional assisted living care. While many of the services are the same, memory care offers additional assistance with daily living in a secure environment that is specifically designed for those who have dementia or Alzheimer’s.

ProTip: When investing in senior care facilities, memory care is an emerging sector in which residents are able to enjoy life in a calm, peaceful setting where both the physical environment and all activities are geared towards individuals with Alzheimer’s or dementia.

4) Seniors Apartments

Senior apartments are geared toward active seniors over the age of 55 who are looking for a low-maintenance lifestyle. They typically feature amenities like golf courses, swimming pools, and fitness centers. They do not include personal care services and usually charge fees to cover landscaping services, utilities, home maintenance, and security.

5) Nursing Homes

Nursing homes are an option for seniors who need around-the-clock skilled nursing care. They usually have shared bedrooms with other residents, and may include short term rehabilitative care. Many times Medicare and Medicaid help pay for services.

Senior Living Property Management Services

One of the best ways to help keep your senior living facility thriving and vibrant is to enlist the assistance of a senior living management service. They can help streamline operations, reinvigorate marketing strategies, increase occupancy rates, and improve quality of life for residents.

Looking to invest in a senior care facility? Join the conversation to learn more about the differences between various senior housing options.

Benefits of a Property Manager in Your Commercial Investments

Whether you own a shopping center, apartment building, or any other commercial property, your investment can benefit from working with a property management team. A professional property management service s equipped to facilitate all aspects of your commercial property from accounting services to construction management and daily building maintenance. They are there to help streamline your operation and maximize profit. Struggling with juggling all the ins and outs of your commercial property investment? Here are 5 reasons you need a property manager to help assist you in your business strategy. Click To Tweet

How Can Your Company Benefit From Property Management Services?

From accounting services to construction management and daily building maintenance, utilizing a commercial property management team can help you streamline your operation to maximize profit. Here are five ways your commercial property can thrive by using a property management service.

  1. Leasing Services
  2. Facility Management
  3. Accounting Services
  4. Shopping Center Specialist
  5. Construction Management

1) Leasing Services

One of the top reasons to utilize a commercial property management service is so you can attract and keep more tenants in your property. With a knowledgable team on your side, they can help you target qualified prospects and also assist in advertising, lease negotiations and document preparation, as well as overseeing leasehold improvements.

2) Facility Management

A professional facility management team can help you develop strategic management plans that will assist you in maximizing profit, improving the overall aesthetic appeal of the property, control operating costs, oversee daily operations, and increasing productivity.

ProTip: By leveraging specialized facility management techniques, you can advance the effectiveness, profitability, and success of your business.

3) Accounting Services

There are so many aspects of running and maintaining a commercial property and accounting plays a large role. Don’t let this tedious tasks take you away from other important roles and let accounting experts take care of all financial transactions related to your multifamily or commercial property. Receive timely and accurate financial reports with clear descriptions and detailed spreadsheets each month to provide you with the status of your investment performance.

4) Shopping Center Specialist

If owning a shopping center is part of your commercial investment portfolio, hiring a successful retail management team supports you with detailed market analysis, area demographics, lease economic analysis, advertising, marketing programs, and hands-on lease negotiations.

5) Construction Management

When it comes to updating or making improvements to your commercial investment, superior construction management is critical to the success of commercial and multifamily projects. Let a professional group supervise and support you in every step of the design and construction process to ensure that it meets your specifications, budget and scheduling expectations.

Commercial Property Management: The Key to Continued Success

No two property owners or commercial properties are identical, that’s why using a knowledgable property manager is imperative to help you succeed. With the right group, you can custom tailor property management solutions to suit your unique needs.

Join the conversation to speak with our team about our commercial property management solutions. 

5 Reasons to Outsource Your Leasing Services for Commercial Property

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. Curious if outsourcing your leasing services can help benefit your commercial investment? Here are 5 reasons that prove the investment is worth your time. Click To Tweet

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.

  1. Attract More Tenants
  2. Retain Quality Tenants
  3. Free Up TIme
  4. Save Money
  5. 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.

What is Facility Management in 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. Do you know what role a facility management team plays in owning commercial property? Here’s how they can strategically advance your company. Click To Tweet

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.

Maximize Profit

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.

How to Determine the Best Use for a Commercial Property

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. Are you planning on investing in commercial real estate? You’ll want to check out these factors beforehand. Click To Tweet

Legal Limitations

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.

Physical Location

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.