Whether you own industrial property, are considering purchasing a warehouse, or are involved with industrial real estate, property management is an important service to be familiar with.
Its name may be self-explanatory; however, it is critical to know that property management has the sole goal of increasing the long-term value of the given property. As an owner, maximizing the value of your warehouse will help ensure its growth and longevity. This has become even more important recently given rising rental rates and the current shortage of warehouse space, as the shortage has led to real estate investors finding fewer opportunities to invest.
When selecting a property management company, owners look for trained, experienced, and creative real estate managers. They expect these managers to not only obtain the maximum return on the warehouse by improving cash flow, retaining tenants, and increasing value but to uphold the asset's reputation. While maintaining the reputation of the asset is critical, it is also important for the property management company you choose to represent your assets and to have a strong reputation.
As a property manager, having a strong relationship with the client is crucial. This allows them to understand the expectations for the asset and create a plan that will meet the goal of increasing the value. A property manager offers a full range of services including but not limited to:
- Project management
- Creating a preventative maintenance program
- LED light conversions
- Facility repairs large or small
Through our real estate affiliate NAI Harmon Group, we manage the warehouses we operate in to provide high-quality industrial space to our clients. For more information on outsourced property management or 3PL services, contact us today.