By Mel Schultz Tenant/Landlord leasing, Property Management, tenant perks

10 Tenant Appreciation Ideas

Most marketers agree that it is more cost effective to retain a current customer than to find and sign on a new one. The same is true of tenants. Showing your appreciation for your tenants can help you create a positive environment at your property, strengthen your relationships with your tenants and improve tenant retention.

Here are 10 tenant appreciation ideas for property owners who want to build stronger relationships with their tenants this year.

1. Host a Tenant Appreciation Event

Consider hosting quarterly, semi-annual, or annual tenant appreciation events. Cater lunch, host a happy hour, or arrange a seasonal gathering where your tenants can relax, network, and feel that you value them.

2. Offer Complimentary Coffee or Breakfast

An easy and cost-effective way to improve your relationship with your tenants and show you care about them is to offer them something for free. Complimentary coffee and/or breakfast can boost your relationships with your tenants. Small treats go a long way (think bagels, muffins, and fruit).

3. Provide Free Wellness Classes

Your tenants may be interested in offering their teams wellness opportunities (or taking advantage of these opportunities themselves). Be a hero and arrange for weekly yoga, meditation, or fitness classes at your property. Or, offer discounts on gym memberships or wellness app subscriptions for your tenants.

4. Give ‘Em a Gift Bag

A gift bag is an unexpected and appreciated way to show you care about your tenants. The holidays are a natural time to give your tenants gift bags, but you can present gift bags to your tenants at any time of year (for example, their lease anniversary). Gift bags should have a personal touch and may include branded mugs, snacks, notebooks, or gift cards.

5. Simple Shoutouts

Sometimes, the simplest thank you is also the most effective. Highlight your tenants on your social media pages or in an email. Create a space in your lobby to showcase your tenants’ services, achievements, and recent milestones.

6. Host a Lunch n’ Learn

Many tenants will jump at the chance to attend a free professional development event. Lunch n’ learns fit the bill—arrange a guest speaker, order lunch, and help your tenants grow their professional skills.

7. Seasonal Raffles or Contests

Monthly or quarterly contests or raffles can help you stay in touch with your tenants and offer them something valuable without breaking the bank for you. Popular giveaways include gift cards, tech gadgets, or local experiences such as spa treatments or tickets to events.

8. On-Site Vehicle Services

If most of your tenants drive to your property, consider offering free or discounted vehicle services. This could include a free valet for tenants and their guests or regular visits to your property by a mobile car detailing service.

9. Surprise Monthly Treats

Special delivery! Surprise your tenants with monthly sweet treats delivered directly to their suites. Seasonal snacks, candy, a small plant, or other gifts are fun and unexpected and show your tenants that you care.

10. Develop a Tenant Perks Program

If you’ve already implemented several of these tenant appreciation ideas, consider taking your appreciation offerings to the next level and develop a tenant perks program. A perks program could include monthly wellness classes, discounts to local businesses, valet service, professional development, or other discounts of freebies you think would be attractive to your tenants.

Looking for more tenant appreciation ideas? The Clarity Commercial team is full of ideas of how to retain and attract great tenants. For professional commercial real estate management, contact Clarity Commercial today.

For more information or to request a free estimate, visit their website at https://myclaritycommercial.com/ or give us a call at (952) 370-224-2699.

Affiliations & Credentials: We are proud members of IREM, CCIM and MNCAR along with various professional organizations and hold relevant certifications in the real estate management field. Our affiliations and credentials demonstrate our commitment to excellence and our ongoing efforts to stay up-to-date with industry best practices.

March 26, 2024

By Mel Schultz Commercial Properties, Commercial Property Management budget, leasing, maintenance, Property Management, tenants

Attract New Tenants with These 5 Alternative Uses for Vacant Commercial Space

If you’re struggling to fill vacant commercial building alternative uses this year, you’re not alone. Many commercial property owners are finding it challenging to attract traditional tenants for their offices, retail, industry, and other space.

To survive in a hard market, it is important to think outside the box. Here are a few alternative uses for vacant commercial space that could help you land your next loyal tenant.

Commercial Building Alternative Uses

1. Life Science Labs

Life science companies require a mix of office and laboratory space. If you’re willing to work with the tenant on the build-out, your vacant office space may be the perfect future home a biotechnology, food processing, or medical device firm. Your existing building may be a more attractive option to the right company than ground-up new construction.

2. Medtail

In a similar vein, your retail space may be the ideal home for a new medical office. The medtail model puts outpatient services in a retail setting. Not only is this convenient for consumers, it can open up an entire new tenant market for you. Medtail build-outs are relatively straightforward, and the new tenant may attract other medical businesses to your property.

3. Eatertainment

It’s eating. It’s entertainment. It’s eatertainment. The Twin Cities is home to several eatertainment venues (think CanCan Wonderland in St. Paul or Punch Bowl Social in the West End). If you have a big space to fill, a tenant that plans to combine a restaurant or bar with sports, music, or other social activities might be the perfect fit.

4. Glamping

If you have vacant land in a rural area that is awaiting development, consider marketing your property to potential glamping tenants. Glamping, or glamorous camping, is an increasingly popular way for non-outdoorsy people to enjoy the outdoors. Your acreage may be the ideal spot to attract vacationers.

5. Pickleball

Pickleball was 2023’s fastest-growing sport in the United States, so why not capitalize on the trend? Pickleball courts are popping up in empty big-box stores and other properties with tens of thousands of square feet. This is a great opportunity for commercial real estate owners looking to repurpose their vacant spaces.

For those who are unfamiliar, pickleball is a racquet sport that combines elements of tennis, badminton, and ping pong. It can be played both indoors and outdoors on a smaller court than traditional tennis, making it accessible for all ages and skill levels. The game’s popularity has exploded in recent years due to its ease of play and social nature.

With the rise in demand for pickleball courts, Commercial Building Alternative Uses owners are taking advantage of this trend by converting unused spaces into dedicated pickleball facilities. These spaces can range from empty storefronts to large warehouse buildings – as long as there is enough space to fit the necessary dimensions of a pickleball court.

For businesses looking to attract more customers or provide additional amenities for their tenants, adding a pickleball court can be a smart investment. Not only does it offer a unique and fun activity for patrons and residents, but it also presents opportunities for hosting events and tournaments that can bring in revenue.

Pickleball courts can also be a valuable addition to hotels and resorts, providing guests with another form of entertainment during their stay. They can even be used as an attraction for corporate team-building activities or family gatherings.

If you’re struggling to attract tenants, Clarity Commercial is here to help. Our property managers can help you market your portfolio and find the ideal tenant, even if they are outside the box. Contact Us Clarity Commercial today for expert property management advice.

For more information or to request a free estimate, visit their website at https://myclaritycommercial.com/ or give us a call at (952) 370-224-2699.

Affiliations & Credentials: We are proud members of IREM, CCIM and MNCAR along with various professional organizations and hold relevant certifications in the real estate management field. Our affiliations and credentials demonstrate our commitment to excellence and our ongoing efforts to stay up-to-date with industry best practices.

July 14, 2022

By Mel Schultz Leasing marketing, Property Management, tenants

Marketing Your Commercial Property to Attract the Right Tenants

Marketing your commercial property effectively can attract the ideal tenants, enabling you to expand your commercial portfolio without the need for further property investments. Gaining a clear understanding of your local market, curating a list of prospective tenants, and utilizing effective marketing techniques are key strategies in securing the perfect, long-term tenants for your portfolio.

Understand Your Local Market

Your local market plays a large role in your success finding tenants. Let’s say you own a medical building. Are you the only medical building in your area, or are you close to other clinics or a hospital? What are the vacancy rates in the buildings around you? What amenities do these buildings offer, and how do they compare to yours?

Answering these questions in regard to your neighbors and neighborhood can help you understand your local market and the types of tenants who may be attracted to your area. Armed with this knowledge, you’ll be able to craft sales and marketing materials that speak to the benefits of leasing in your building.

Understand Your Ideal Tenant when Marketing your commercial property

Once you understand your local market, it’s time to do some research on your ideal tenant. There’s more to understanding your ideal tenant than simply wanting them to pay rent on time. You’ll want to decide how long your ideal lease is, the tenant improvements you’re willing and unwilling to make, and the types of businesses that would fit well with your current mix of tenants.

Invest in Photography

Professional photography is one of the best investments you can make in the marketing of your property. Many tenants look for space online, and having lots of beautiful photos of your property can separate it from other available spaces. You can take your listing to the next level with video or interactive walkthroughs of your building and tenant suites.

Blend Traditional and Digital Marketing Strategies

With your professional photography and videography in hand, it’s time to create your property’s listing. You will have a greater chance of finding the ideal tenant if you blend traditional and digital marketing strategies. Develop a one-pager for your property that you can send digitally as a pdf or hand out to potential tenants. Be sure to create an online listing for your available space and promote it on social media, too.

Property owners who partner with Clarity Commercial can take advantage of our online listings as well as our full suite of done-for-you marketing services. We maintain and up-to-date list of available properties for lease on our website. Our property managers work tirelessly to market your property to your ideal tenants, including digital marketing, print marketing, and flexing their professional networks.

For more information or to request a free estimate, visit their website at https://myclaritycommercial.com/ or give us a call at (952) 370-224-2699.

Affiliations & Credentials: We are proud members of IREM, CCIM and MNCAR along with various professional organizations and hold relevant certifications in the real estate management field. Our affiliations and credentials demonstrate our commitment to excellence and our ongoing efforts to stay up-to-date with industry best practices.

Eagan - For more information or to request a free estimate, visit their website at https://myclaritycommercial.com/ or give us a call at (952) 370-224-2699.

Affiliations & Credentials: We are proud members of IREM, CCIM and MNCAR along with various professional organizations and hold relevant certifications in the real estate management field. Our affiliations and credentials demonstrate our commitment to excellence and our ongoing efforts to stay up-to-date with industry best practices.

• Spring 2023 IREM Property Manager Professional Development Events
• Commercial Property Spring Cleanup Tips
• Upgrade to Cloud-Based Access Control
• Weather.com
• Minnesota Department of Natural Resources
• HomeAdvisor
• Energy.gov
• National Roofing Contractors Association

For expert help marketing your commercial property, get in touch with the Clarity Commercial team today.

April 17, 2022

By Mel Schultz Property Management, Property Maintenance building inspection, manage ex[enses, Property Management, site inspection

The Economic Value of Regular Site Inspections in Property Maintenance

We’ve all heard the saying, “An ounce of prevention is worth a pound of cure.” This is especially true for commercial property management and property maintenance. Not only do regular site inspections help property owners avoid expensive emergency repairs, they can also help property owners plan for capital improvements and other big-ticket investments. At Clarity Commercial, we perform regular site inspections of all of our clients’ properties to help them plan expenses and save money.

Regular site inspections are a vital aspect of property maintenance, playing a significant role in preserving the value of your investment. By conducting frequent assessments, property owners and managers can promptly identify and address maintenance issues, preventing minor problems from escalating into more costly repairs¹².

Regular Exterior Site Inspections for Property Maintenance

Exterior site inspections help property owners quickly address any emergent issues with the exteriors of their buildings, their parking lots, and their grounds. Clarity Commercial performs regular exterior site inspections. We understand that drive-by inspections are rarely effective, so our managers always get out of the car and walk around the building and parking lots to look for potential repairs or maintenance issues.
An exterior site inspection should include a close look at the building’s windows and siding to look for damaged or weathered trim, missing bricks, clogged gutters, and other issues. Managers should check the building’s doors and locks to ensure they are working properly. They should also pay attention to the condition of the walkways and driveways to make sure there are no trip-and-fall hazards. Lighting should be on and in good working order, too.

A quick look at the landscaping will identify whether the grass and flower beds are being maintained on an appropriate schedule. Long grass, weeds, or dead plants may prompt a call to the landscape company.

Regular Interior Site Inspections for Property Maintenance

Regular and frequent interior site inspections can keep surprises at bay. On our regular interior site inspections, the Clarity Commercial team will check the interior lighting to ensure hallways and tenant spaces are adequately lit. We will check doors to make sure they are working properly and inspect walls for dents, scrapes, and other damage.

An interior site inspection should also check the building’s heating, cooling, and air ventilation systems to ensure they are working properly. In many cases, we ask our HVAC partners to perform this specialized inspection. During our interior site inspection, we may also meet with tenants to ensure any maintenance and repair requests get handled promptly.

Regular site inspections are an integral part of the commercial property management process. The Clarity Commercial team learns a lot from the site inspections we perform. Sometimes, there are maintenance and repair tasks we can perform immediately, while other inspections uncover future maintenance and upgrade costs. Anticipating these costs helps property owners plan for future investments and avoid paying for emergency repairs.

An Essential Tool for Expense Management

By identifying maintenance issues early, regular site inspections help prevent small problems from becoming larger, more expensive ones². For example, a minor leak can turn into a significant water damage issue if left unattended. Regular inspections allow for the prompt discovery and repair of such problems, thus managing expenses effectively.

If you haven’t had your commercial property inspected in a while, get in touch with the Clarity Commercial team. We can work with you to ensure your buildings are in good working order and help you manage your maintenance and repair expenses.

For more information or to request a free estimate, visit their website at https://myclaritycommercial.com/ or give us a call at (952) 370-224-2699.

Affiliations and Credentials: We are proud members of IREM, CCIM and MNCAR along with various professional organizations, and hold relevant certifications in the real estate management field. Our affiliations and credentials demonstrate our commitment to excellence and our ongoing efforts to stay up-to-date with industry best practices.

Commercial Real Estate - Property Maintenance - Property Maintenance

March 20, 2019

By Mel Schultz Commercial Properties Property Management

5 Tips for Spring Cleanup and Maintenance for Commercial Properties

The snow is melting rapidly and potholes are cropping up across the metro area—it’s early spring in Minneapolis, Minnesota and its time for Maintenance for Commercial Properties. It may not quite be time to put up the ice melt and gas up the lawn mower, but it is time to put together your spring cleaning checklist. Commercial properties require seasonal maintenance just like homes do. Here are five of the items Clarity Commercial will be taking care of for our clients in the next 60 days.

Here are the 5 Maintenance for Commercial Properties

Patching Up Parking Lot Potholes

The snow is on the way out and leaving massive potholes in its wake. It seems like new craters appear every hour. For commercial property managers, March is the season of cold-patch asphalt and power sweepers. While your parking lot snow mountain may persist through May, March is when you need to fill potholes and sweep your parking lot to remove salt and sand. We partner with reputable asphalt and paving companies to keep our clients’ parking lots clear and safe.

Inspecting Roofs for Damage

Several roof collapses made the news this February after nearly 40 inches fell across the state. All that snow strains the integrity of commercial roofs. If you were lucky enough to avoid a cave-in, it still pays to have your roof inspected now that the snow’s melted. Clarity Commercial hires professional commercial roofing companies to perform roof inspections at the properties we manage. If we uncover damage, we work with our clients to have it repaired to keep tenants safe.

Cleaning Out the Gutters

Gutters on commercial buildings can become blocked with leaves and other debris over the winter. A commercial roofer can inspect your gutters while they’re looking at your roof. Or, you can hire a gutter specialist to give your gutters a thorough cleanout. We have resources for both.

Scheduling Window Cleaning for March

The busy season for window cleaners runs from April through September. We like to stay ahead of the curve and have the windows of our properties cleaned in March, after most of the snow has melted. That way, our buildings look their best while their neighbors are waiting for their spring refresh. Clean windows also let the warm spring sunlight brighten offices and atriums.

Maintaining HVAC Systems

While the heat will be on in most commercial buildings for another month or so, it’s a good time to schedule your HVAC maintenance appointment to clean your ducts and get your air conditioning ready for the warmer months.

Patio weather is right around the corner. Get your commercial property ready for sunny days with a little spring cleaning. Clarity Commercial is here to help. Contact us today for help with regular commercial property maintenance.

What is the maintenance of a commercial building?

The maintenance of a commercial building involves regular upkeep and repairs to ensure its optimal functioning and safety. This includes tasks such as cleaning, HVAC system maintenance, pest control, plumbing and electrical repairs, painting, landscaping, and overall building inspections. Regular maintenance helps to prevent problems, extend the building’s lifespan, and create a pleasant and secure environment for occupants.

What are the duties of building maintenance?

Building maintenance duties include:u003cbru003eu003cbru003eRegular inspection and maintenance of building systems, such as HVAC, electrical, plumbing, and fire protection.u003cbru003ePerforming repairs and troubleshooting issues with building equipment and infrastructure.u003cbru003eEnsuring the cleanliness and proper functioning of common areas, including hallways, stairwells, and restrooms.u003cbru003eConducting routine maintenance tasks, such as painting, cleaning, and maintaining the exterior of the building.u003cbru003eMonitoring and maintaining safety standards, including ensuring proper lighting, signage, and emergency response systems.u003cbru003eManaging and overseeing contractors and service providers for specialized maintenance tasks.u003cbru003eResponding to tenant requests or concerns related to building maintenance.u003cbru003eKeeping accurate records of maintenance activities, including maintenance schedules, repairs, and expenses.u003cbru003eu003cbru003eNote: These duties may vary depending on the type of building and specific maintenance requirements.

What is building preventive maintenance?

Building preventive maintenance refers to the scheduled inspection, cleaning, repair, and servicing of various components and systems within a building to prevent potential failures, reduce downtime, and extend the lifespan of the building. It involves regular maintenance tasks such as HVAC system checks, electrical inspections, plumbing repairs, structural assessments, and other preventive measures to ensure the building’s smooth operation and to identify and address potential issues before they become major problems.

For more information or to request a free estimate, visit their website at https://myclaritycommercial.com/ or give us a call at (952) 370-224-2699.

Affiliations & Credentials: We are proud members of IREM, CCIM and MNCAR along with various professional organizations and hold relevant certifications in the real estate management field. Our affiliations and credentials demonstrate our commitment to excellence and our ongoing efforts to stay up-to-date with industry best practices.

Commercial Maintenance - Fall Cleanup for Commercial Properties in Minnesota

January 15, 2019

By Mel Schultz Vendors Property Management

Winter Commercial Maintenance Tips from Clarity Commercial

So far, January has been a relatively mild month in Minnesota. We list some commercial maintenance tips to keep your property safe and worry free. We haven’t had a run of frigid temperatures or a major snowstorm. But anyone who’s lived through a winter here knows that there is a high likelihood that the other shoe will drop. Are you prepared to keep your parking lot and walkways safe and clear for your guests and employees?

Commercial Maintenance: Keeping Parking Lots and Walkways Clear of Snow

Mild temperatures in early January melted away most of the snow in Twin Cities, but chances are we’ll get a few more snowstorms before winter’s done with us. Have you contracted with a snow removal company yet?

If not, Clarity Commercial can help. We partner with the best snow removal companies in the area to help our customers keep their parking lots and walkways clear and safe. If snow’s in the forecast, the crew will stop by before the storm hits to pretreat your surfaces. Then, they will clear your parking lots and walkways as soon as the snow stops falling. Once they’ve cleared the snow away, they can treat your lot and walkways with deicer to keep them safe for your guests and employees.

Commercial Maintenance: Keeping Parking Lots and Walkways Clear of Ice

Remember the slop storm we got around Christmas? The rain/ice/snow mix left quite the icy mess. If our winter continues to be mild, we may get another one of these messy storms before spring. Keeping parking lots and walkways safe after an ice storm is a tough job.

Clarity Commercial’s trusted partners have the equipment and trained staff to pretreat and remove ice buildup from your parking lot and walkways. They’ll lay down deicer before the storm hits, so the ice cannot build up on your property. After the storm moves through, they’ll come back to plow and shovel, if needed, and retreat any slick areas.

Snow and ice are part of a Minnesota winter, but they don’t have to put your guests and employees at risk of slipping and falling. Clarity Commercial can help you keep your property safe this winter. Contact us today to get started on your snow removal and maintenance plan.

For more information or to request a free estimate, visit their website at https://myclaritycommercial.com/ or give us a call at (952) 370-224-2699.

Affiliations & Credentials: We are proud members of IREM, CCIM and MNCAR along with various professional organizations and hold relevant certifications in the real estate management field. Our affiliations and credentials demonstrate our commitment to excellence and our ongoing efforts to stay up-to-date with industry best practices.

August 11, 2018

By Mel Schultz Commercial Property Management Property Management

Who should hire a property management firm?

Maybe, as a commercial property owner, you’ve considered hiring a property management firm but aren’t really sure what they’d do for you. Maybe, you’re becoming increasingly busy managing your properties and think a property management firm can take some work off your plate. Or, maybe you know you want to hand over the day-to-day activities of managing your commercial property, but aren’t really sure where to start.

We are going to discuss all of these points, but first, let’s define what a property management company can do for you.

Property Management Firm

If you were to Google, “What can a commercial property manager do for me,” you’d get an answer along the lines of, “A property management company will deal directly with your prospects and tenants, saving you time and worry over marketing your rentals, collecting rent, handling maintenance and repair issues, responding to tenant complaints, and even pursuing evictions.”

While some people purchase commercial real estate and look forward to dealing directly with prospects and tenants, other owners realize they’d rather hand those jobs off to someone else.

If that’s you, then it might make sense to hire a property management firm.

Who else might consider hiring a property management company? Here are five factors to take into account when determining that answer:

The number of properties you own. If you own one commercial property, you may think you don’t need a property management firm, but if you lack the training, you most likely are throwing money down the drain without one. And, the more properties you own and the more units each contain, the more likely you are to benefit from a property management company.
The amount of time you have. If you don’t have a lot of time to devote to being a landlord, and/or you’d rather spend your time building your portfolio by acquiring other investments, then a property management company is probably a good bet.
You don’t live nearby. If the properties you own are located in another city or state, or if you are a frequent traveler, having a property management firm will give you peace of mind.
Hands-on management is of no interest to you. If you bought your commercial properties as an investment and have no interest in running the day-to-day of the property, then definitely outsource those jobs to a property management firm.
You can afford the cost. Hiring a property management company is an attractive option if you can afford the fees. But, you also can lose money by not hiring a management company. Here are a few examples of how:

Undercharging Rent: Don’t want to do that!
Overcharging Rent: May be good in the short term, but that tenant will likely leave once they realize the cost, and potentially leave you with a vacant unit.
Emergency Remediation: Not knowing how to properly address damage WILL cost you. Property management companies regularly deal with emergency situations and understand what needs to happen to best mitigate damage and preserve your property. Professionals like Clarity Commercial are ready to handle these problems 24/7/365, in the most timely and effective way.
Maintenance: Management companies have a network of contractors who often provide discounted pricing as they are competing for business in that management company’s portfolio of many properties.
Tenant Build-outs/Improvements: Having trouble leasing your space? Maybe it needs some renovation work. Have you thought about providing a potential lessee with an allotment to renovate as they like? May seems odd, but some tenants are very willing to sign a long-term lease (20 to 30 years) IF they can get the right space. But, the numbers must add up, and there are many factors to consider. The experts at Clarity Commercial understand the market, factors involved, and can help guide you through the process to maximize profit.

The cost of having a management company is often offset with the savings they provide, ultimately giving the property owner a better long-term bottom line.

If you do decide to hire a property management company, you want to ensure you hire the right one. To learn more about how Clarity Commercial can help you and your properties, please contact us. We’d love to speak with you!

For more information or to request a free estimate, visit their website at https://myclaritycommercial.com/ or give us a call at (952) 370-224-2699.

Affiliations & Credentials: We are proud members of IREM, CCIM and MNCAR along with various professional organizations and hold relevant certifications in the real estate management field. Our affiliations and credentials demonstrate our commitment to excellence and our ongoing efforts to stay up-to-date with industry best practices.

July 10, 2018

By Mel Schultz Commercial Properties Property Management

5 qualities to look for when hiring a property management company

As a landlord, one of the biggest decisions you’ll make is whether or not to hire a property management company. Some landlords want to manage their properties on their own, while others rely on a property management firm to help in a variety of ways.

Property maintenance is a big benefit, but property management companies can also help with the marketing of properties, lease renewals, collecting rent, and budget projections, among other things. So, if you are thinking about hiring a property management company, make sure that you hire one with a solid reputation, an impeccable track record, and one you can trust.

Here are 5 qualities to look for when hiring a property management company:

Experience – This goes without saying. You want a property management company that has either been around for a while, or if it’s relatively new, is run by people who have been in the industry for several years and understand the ins and outs of commercial property management. Be sure to ask for references and talk to some of the employees to really get a feel for the company.

Tenant relations – Obviously, for a property to survive, a landlord needs tenants. One of the many critical tasks of any property management firm is how they go about getting and retaining tenants. Do they have a plan to maintain relations with the tenants throughout the life of their lease, and what efforts do they make to keep the tenants upon the expiration of the lease? These are important questions to ask.

Tenant procedures – Just as important as tenant relations is the processes and procedures the property management company has established in dealing with tenants on a day-to-day basis. Do they have a move-in/move-out procedure as well as a process for after-hours maintenance? These policies are critical for running a tight ship in a professional manner.

Maintenance – Speaking of maintenance, you want your property management company to have maintenance resources available for the tenants as soon as they may need one. The maintenance workers should be clean-cut and professional, as they oftentimes are the face of the property, and they should all follow the same procedure – including record-keeping – when responding to a maintenance call.

Financial reporting – Understanding the financials of your property or properties is critical. Will the property management company provide you with monthly reports, and if so, what will those reports cover? Can the reports be set up in different systems for accounting purposes? Will the property management company help with budget projections and payment of operating expenses?

This is why hiring a property management company is crucial for your commercial property. They have the expertise and knowledge to handle all of these tasks efficiently and effectively, allowing you to focus on other aspects of your business. A good property management company will also ensure that your property is compliant with all local laws and regulations, avoiding any potential legal issues.

Additionally, hiring a property management company can help increase the value of your commercial property by ensuring that it is well-maintained and attractive to potential tenants. This includes regular inspections, preventative maintenance plans, and handling any necessary repairs promptly.

They can also assist with tenant relations, such as handling lease agreements, collecting rent payments, addressing complaints or concerns, and enforcing rules and regulations. This relieves you from having to deal directly with tenants and allows for a more professional and efficient management of your property.

Property management companies also have a network of trusted contractors, vendors, and service providers that they work with regularly. This can save you time and hassle when finding reliable individuals for maintenance or repair work on your property.

In addition to these benefits, a property management company can also provide financial services, such as bookkeeping, budgeting, and tax preparation. They will keep track of all income and expenses related to your property, providing you with detailed reports and ensuring that everything is accounted for accurately.

Overall, hiring a reputable property management company can alleviate many of the stresses and responsibilities associated with owning a commercial property. They will handle the day-to-day operations while keeping your best interests in mind. This allows you to focus on your business.

Clarity Commercial is an experienced and professional property management company based in the Twin Cities. We manage a wide-range of commercial properties, including multi-story office buildings, warehouse facilities, retail spaces, and industrial properties, and we offer a variety of services to our clients. Please hiring a property management company!

From marketing and maintenance to lease negotiations and renewals, budget projections, site inspections, financial reporting, security system management, and so much more, we work hard on behalf of our clients.

Contact us today to schedule some time to talk. We’d love to learn more about you and your properties, and discuss ways we can help!

For more information or to request a free estimate, visit their website at https://myclaritycommercial.com/ or give us a call at (952) 370-224-2699.

Affiliations & Credentials: We are proud members of IREM, CCIM and MNCAR along with various professional organizations and hold relevant certifications in the real estate management field. Our affiliations and credentials demonstrate our commitment to excellence and our ongoing efforts to stay up-to-date with industry best practices.

Hiring a Property Manager - commercial property

April 9, 2018

By Mel Schultz Commercial Properties Property Management

5 Ways Hiring a Property Manager Can Save You Money

As a property owner, you’re in the business of increasing your property’s value while keeping your costs under control. This is true whether you own a small office building or several 50,000 square-foot warehouses. Effectively managing your portfolio of properties takes a diverse set of skills. Without the help of a property manager, you have to become an expert in marketing, leasing, maintenance, insurance, taxes, and collections, among many others.

That’s why it makes a lot of sense to invest in the expertise of a property manager. We have the training, experience, and resources to take these and other tasks off your plate. In the long run, working with a property manager can save you money and even help you make more. Here’s how.

Hiring a property manager has advantages to grow your commercial property

A property manager maintains your budget.

How often do you sit down and look at your balance sheet? A property manager takes your budget seriously and works hard to stay within it. We help you understand how much you’ve made and spent so far and present you with budget projections for the rest of the year. We can help with your five-year and ten-year planning, too.

A property manager evaluates your tax burden.

When you’re busy working with tenants, you have little time to spend analyzing and evaluating your tax burden. But income, property, sales, and utility taxes add up. In some cases, they can also be negotiated. Property managers can help you keep track of your tax burden and help you find ways to reduce it.

A property manager handles collections.

Tenants who make late payments or fail to pay can throw off your books. Collections can take a lot of time, energy, and angst. Property managers can take collections completely off your plate and help you recover late or missing rent checks.

A property manager mitigates risk.

Your properties are used for all sorts of tasks that create a diverse set of risks. Your insurance policies should cover it all, so you don’t have to pay out of pocket when it’s time to make a claim. We can help you understand the different risks you face at your different properties and recommend comprehensive liability, fire, and extended coverage.

A property manager markets your property for you.

Okay, this one might actually make you money, not just save it. Property managers like Clarity Commercial can help you market your available properties so you can fill vacant space quickly. The fewer days your properties are vacant, the more money you’ll make.

Did you know that having a vacant property can actually cost you money? Not just in lost rental income, but also in additional expenses like taxes, maintenance, and utilities. That’s why it’s important to find reliable and efficient ways to market your available properties.

At Clarity Commercial, we understand the importance of quickly filling vacancies for our clients. Our team of experienced property managers knows how to effectively market your properties to attract potential tenants. We use a variety of strategies, including online listings, social media advertising, and networking within our extensive industry connections.

By utilizing these marketing techniques, we can help you fill vacancies faster and minimize the amount of time your properties are sitting empty. This translates into more rental income for you and less financial strain on your business.

In addition to traditional marketing methods, we also stay up-to-date on the latest trends and technologies in the industry. This includes utilizing virtual tours and 3D floor plans to give potential tenants a realistic glimpse into your properties. In today’s digital age, it’s important to go beyond just listing photos and offer an immersive experience for potential tenants.

Our team also understands the importance of targeting the right audience for your properties. We analyze market data and demographics to identify the best target audience for each property, allowing us to tailor our marketing efforts accordingly. By using a targeted strategy, you can be sure that those who are most likely to be interested in your properties will see them.

Working with a property manager can be one of the best investments you can make. If you’re wondering what a property manager could take off of your plate, contact Clarity Commercial today

For more information or to request a free estimate, visit their website at https://myclaritycommercial.com/ or give us a call at (952) 370-224-2699.

Affiliations & Credentials: We are proud members of IREM, CCIM and MNCAR along with various professional organizations and hold relevant certifications in the real estate management field. Our affiliations and credentials demonstrate our commitment to excellence and our ongoing efforts to stay up-to-date with industry best practices.

By Mel Schultz Commercial Properties Property Management

7 reasons to consider outsourcing the management of your commercial properties

Whether you own one building or several, commercial real estate can be a great investment. It can also be a huge job, from the maintenance of the building to leasing out the space and thinking about capital improvements. That’s why many building owners opt to outsource the management of their commercial properties as a way to off-load some of the day-to-day tasks that eat up all of their time.

But you don’t want to outsource to just any management company. Rather, you want one that understands not only the local market, but also the many types of buildings available. You want a company that has experience with multi-story office buildings, warehouse facilities, commercial condominiums or townhouses, retail, and industrial properties.

Clarity Commercial has experience with a variety of building types, and we understand that no two buildings are the same. No two property owners are the same, either, and that’s why we pride ourselves on the personalized attention we give each of our clients and their properties.

We work with our clients to help control costs and increase property value while maintaining tenant satisfaction. And as important as it is to increase property value, there are many other benefits to working with a management company. Here are just seven to think about:

Property maintenance for commercial properties

Let’s face it. Your buildings will need maintenance, and probably improvements. You want a reputable company that can take care of both for you. Doing so will not only help you retain and attract new tenants, but also protect your investment.

Marketing and leasing programs

Management companies like Clarity Commercial are experts at developing and implementing marketing and leasing programs in order to attract the right kind of tenant with the right lease terms.

Collections

You don’t want to spend your time chasing down monthly rents, nor do you want to spend your time negotiating lease renewals. You don’t have to when you outsource those very important duties to a professional.

Increased protection

Clarity Commercial can help you protect your investment with services such as security system management for your buildings and the retention of necessary liability insurance for you.

Additional consulting services

Many management companies, like Clarity Commercial, will also help you with financial reporting, budget projections, payment of operating expenses, and real estate and personal tax evaluations.

Multi-state management

Clarity Commercial operates across the U.S., so if you own properties in different states, you only need one management firm to take care of them for you.

More time

That’s right; by outsourcing the management of your properties, you get more time to focus on the things you love.

To find out more about our services and how we can help you and your properties, contact us today!

For more information or to request a free estimate, visit their website at https://myclaritycommercial.com/ or give us a call at (952) 370-224-2699.

Affiliations & Credentials: We are proud members of IREM, CCIM and MNCAR along with various professional organizations and hold relevant certifications in the real estate management field. Our affiliations and credentials demonstrate our commitment to excellence and our ongoing efforts to stay up-to-date with industry best practices.

Tag: Property Management

1. Host a Tenant Appreciation Event

2. Offer Complimentary Coffee or Breakfast

3. Provide Free Wellness Classes

4. Give ‘Em a Gift Bag

5. Simple Shoutouts

6. Host a Lunch n’ Learn

7. Seasonal Raffles or Contests

8. On-Site Vehicle Services

9. Surprise Monthly Treats

10. Develop a Tenant Perks Program

Commercial Building Alternative Uses

1. Life Science Labs

2. Medtail

3. Eatertainment

4. Glamping

5. Pickleball

Understand Your Local Market

Understand Your Ideal Tenant when Marketing your commercial property

Invest in Photography

Blend Traditional and Digital Marketing Strategies

Regular Exterior Site Inspections for Property Maintenance

Regular Interior Site Inspections for Property Maintenance

An Essential Tool for Expense Management

Here are the 5 Maintenance for Commercial Properties

Inspecting Roofs for Damage

Cleaning Out the Gutters

Scheduling Window Cleaning for March

Maintaining HVAC Systems

What is the maintenance of a commercial building?

What are the duties of building maintenance?

What is building preventive maintenance?

Commercial Maintenance: Keeping Parking Lots and Walkways Clear of Snow

Commercial Maintenance: Keeping Parking Lots and Walkways Clear of Ice

Property Management Firm

Here are 5 qualities to look for when hiring a property management company:

Hiring a property manager has advantages to grow your commercial property

A property manager maintains your budget.

A property manager evaluates your tax burden.

A property manager handles collections.

A property manager mitigates risk.

A property manager markets your property for you.

Property maintenance for commercial properties

Marketing and leasing programs

Collections

Increased protection

Additional consulting services

Multi-state management

More time

Client Testimonials

Affiliations & Credentials

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