How To Find the Right Commercial Property Management Company

Choosing the right Tampa commercial property management company can make all the difference in the world. The wrong commercial management company can bring unwanted headaches and difficulties, but the right company will give you a sound piece of mind. We’ve complied a list of a few tips to use when it comes to finding the right company, and what characteristics to look for to manage your commercial property.

ARE THEY LICENSED?

This is perhaps, the most important thing to look for in a commercial management company in Tampa. A licensed company will be more trustworthy and credible because they must meet strict rules and requirements and follow professional standards in order to earn a State license. Not only should you be on the lookout for a licensed company, but it’s also recommended that you look for a company that has a solid reputation. This can be done through professional settings, like the Better Business Bureau, and also by word of mouth. Turn to your fellow commercial property owners, and see if they have any recommendations. This way you’ll get a good idea of what company will work for you, and which companies to avoid.

WHAT IS THE PRICE RANGE?

While every company’s price range will have differences, you can typically expect fees for commercial property management groups to be around 4-12% of the monthly rent. However, the fees will usually depend on the number of commercial properties you need managed, the number of units in each property, what their conditions are like, and what services are needed.

HOW DO THEY COMMUNICATE?

Communication is extremely important when seeking a Tampa commercial property management company. You want someone that will help you maintain a successful commercial property by keeping tenants happy and maintenance issues repaired in a timely manner. A tip for discovering if a company’s communication level is on par with your expectations is to pay close attention to they way they communicate with you as a client. Are they responding to your emails and phone calls promptly? Are they addressing your concerns? How a company treats you is a great example of how they will treat your tenants.

HAVE YOU REVIEWED THEIR PROCESSES?

You’ll want a company that already has processes in place to deal with finding new tenants, collecting rent, and handling maintenance and repair requests.

Call Wise Property Management today at (813) 968-5665 to find out how we can help with your property management needs or request a proposal.