Do concerns about your commercial building’s operating expenses keep you up at night?
If the cost of maintaining and managing your building seems steep, you could benefit from working with a professional to find opportunities to rein in spending. A skilled property manager can improve your return on investment in numerous ways.
Here are some of the top ways strategic property management services can reduce operational costs while enhancing a building’s appeal to tenants. Please note that this isn’t an exhaustive list.
1. Performing preventive maintenance.
Routine property inspections and preventive maintenance will prevent expensive disasters down the line involving vital infrastructure such as your roof, lighting, HVAC system, and plumbing, according to PayProp. An attentive property manager can identify and remedy problems early, saving you a significant amount in the long run.
2. Minimizing energy consumption.
The U.S. Environmental Protection Agency (EPA) has found that an average of 30 percent of the energy commercial buildings utilize is wasted, according to the U.S. Department of Energy Office of Energy Efficiency and Renewable Energy. A property management services provider with experience making buildings environmentally friendly can increase energy efficiency and limit the amount you spend on utilities such as heat and lighting.
The Avalon team has experience with green techniques, such as retrofitting buildings with LED lights to minimize waste and boost efficiency. For more information, please visit our client services page.
3. Implementing an advanced accounting system.
At Avalon, we control costs for our property management clients with a carefully planned accounting system. This includes customized monthly reports and a profitability matrix that motivates tenants to pay their rent on time to avoid financial penalties.
The Avalon Realty Associates team provides best-in-class property management services and will oversee your building like we own it. That includes controlling operating expenses and cost-conscious construction administration, as well as ensuring your property is attractive to prospective tenants. We can handle everything, including financial management, landscaping, and maintenance.
Take the first step toward a more profitable property by visiting our Contact Us page, calling 847-506-1000, or emailing info@avalonreal.com.