Choosing a firm for commercial property management in San Francisco for your property or portfolio of properties is a major financial decision. Making the wrong decision when picking a manager can cause major problems for you and cost you financially.
When considering a commercial property manager, it is critical that you ask the right questions and gather all the appropriate information so you can pick the right manager.
One of the first action items when looking for a firm for commercial property management in San Francisco is confirming that they are properly licensed. By choosing a licensed firm to handle your property management needs, you can take comfort knowing that the company is following the strict guidelines and regulations the State of California requires licensed property managers to adhere to in order to maintain the license.
In addition to confirming the manager is properly licensed, you will want to make sure they maintain a positive reputation within the community. Checking with the Bureau of Better Business on their rating as well as how they have handled previous customer complaints is an excellent resource. Another way to research the company’s reputation is through word of mouth. Reach out to other property owners in the area and see if they have an opinion on the best Real Estate Management in San Francisco.
Pricing is also important to understand upfront from any potential property managers. A good property management company should be able to provide you with a written proposal with all of their fees in advance and also spell out exactly which services are included in those prices.
One of the main benefits of hiring a property manager is that they are responsible for communicating with your tenants and sorting out any concerns the tenants may have about the property. Effective communication is vital when researching property managers; if your tenants are not communicated within a timely manner, then you are going to have unhappy tenants which leads to higher vacancy rates. Have a conversation with each manager to discuss what your expectations would be regarding timing to return tenants calls or emails and confirm the management company can meet those expectations. Pay attention to the manner in which the manager communicates with you; it is probably a fairly good indication on how they will communicate with your tenants.
In addition to communicating with your tenants, you will want to find out how often they will communicate with you. Will they send you weekly, monthly or quarterly reports? It is important that you have a communication plan set up in advance so you know when you can expect financial reports and other relevant updates.
If you would like to learn more about Real Estate Management in San Francisco, please reach out to us at Vesta Asset Management. We look forward to hearing from you.
Cale Brown is author of this article. If you looking for House Sitting San Francisco, please Contact Vesta Asset Management
When considering a commercial property manager, it is critical that you ask the right questions and gather all the appropriate information so you can pick the right manager.
One of the first action items when looking for a firm for commercial property management in San Francisco is confirming that they are properly licensed. By choosing a licensed firm to handle your property management needs, you can take comfort knowing that the company is following the strict guidelines and regulations the State of California requires licensed property managers to adhere to in order to maintain the license.
In addition to confirming the manager is properly licensed, you will want to make sure they maintain a positive reputation within the community. Checking with the Bureau of Better Business on their rating as well as how they have handled previous customer complaints is an excellent resource. Another way to research the company’s reputation is through word of mouth. Reach out to other property owners in the area and see if they have an opinion on the best Real Estate Management in San Francisco.
Pricing is also important to understand upfront from any potential property managers. A good property management company should be able to provide you with a written proposal with all of their fees in advance and also spell out exactly which services are included in those prices.
One of the main benefits of hiring a property manager is that they are responsible for communicating with your tenants and sorting out any concerns the tenants may have about the property. Effective communication is vital when researching property managers; if your tenants are not communicated within a timely manner, then you are going to have unhappy tenants which leads to higher vacancy rates. Have a conversation with each manager to discuss what your expectations would be regarding timing to return tenants calls or emails and confirm the management company can meet those expectations. Pay attention to the manner in which the manager communicates with you; it is probably a fairly good indication on how they will communicate with your tenants.
In addition to communicating with your tenants, you will want to find out how often they will communicate with you. Will they send you weekly, monthly or quarterly reports? It is important that you have a communication plan set up in advance so you know when you can expect financial reports and other relevant updates.
If you would like to learn more about Real Estate Management in San Francisco, please reach out to us at Vesta Asset Management. We look forward to hearing from you.
Cale Brown is author of this article. If you looking for House Sitting San Francisco, please Contact Vesta Asset Management
