What is Property Management?
Property management is best described as the daily oversight of residential, commercial, or industrial real estate by a third-party contractor. While some companies are owners and property managers, most property management teams work for the owner of the investment property. The main role of the property management team is to manage routine tasks delegated to them by the owners and to preserve the value of the properties they manage while generating income.
In general, property management is a team or an individual manager that is tasked with the responsibility for the day-to-day operations of a property. Property managers are responsible for extraordinary repairs and daily maintenance.
Commercial Property Management Explained
Commercial property management teams are a little different than residential property managers. Usually, a commercial property manager handles non-residential properties like office buildings, retail shopping centers, storage facilities, and industrial facilities. These properties can have a single tenant such as a large company occupying an office space or multiple tenants that share a building and common grounds.
Commercial management companies oversee the maintenance and repairs of the property and assist with tenant concerns and needs. Maintenance can include changing air filters, replacing lights, and temperature checks and adjustments. Repairs can include scheduling and coordinating necessary HVAC, mechanical, electrical, and plumbing repairs. Sometimes there are extraordinary projects that a property needs. A property management team can coordinate major repairs such as emergency restorations, remediation, and abatements.
Having a commercial management team can also help with tenant relations. A management team can provide quick response times to tenant needs and daily concerns. By eliminating tenant stress over lack of response to their needs and concerns, a management company helps bolster tenant satisfaction which leads to a larger percentage of tenant renewals and long term leases. In short, tenant satisfaction is a necessary component of a profitable commercial property.
Property Management Solutions
Your commercial property is unique and the needs may vary from other commercial facilities. Pena Property Management provides customizable solutions for commercial properties and facilities across Texas.
Pena Property Management works with the private sector as well as state and federal properties. We offer optional on-site maintenance technicians, optional federally vetted employees and service providers, and optional HVAC or plumbing certified maintenance technicians. Pena Property Management also offers 24/7 on-call technicians, custodial solutions through our sister company EMVP Services, and commercial construction through our sister company JSP Commercial Solutions.
We work in multiple markets across Texas and are well acquainted with and understand the needs and concerns of the areas we service. Pena Property Management is ready for weather related catastrophes such as hurricanes, freezes, hail damage and flooding.
Contact Us For A Custom Quote
We are already familiar with the needs of the Dallas metroplex when it come to weather related emergencies and preparation, the Houston area when it comes to property needs and readiness, and the Rio Grande Valley when it comes to repairs and regional needs.
If you are ready to increase profitability with a trustworthy property management company, contact us today and we will begin working on your custom commercial property management quote.