Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Tips on running a commercial property management firm

By Carolmoore Subscribe to RSS | March 1st 2012 | Views:
loading
 
  



Owning property can make you set for life. Considering the high prices of land, owning a piece can bring in good returns provided you know what to do with it. For those not willing to part with their property or assets, there are ways that can ensure you make some cash. Renting out your property for business is a sure-fire method. All you need to do is to draw up a contract, finish with the legalities and rope in customers.

And for those who don’t have the luxury of owning assets or property, there are other ways you can make money will a little know-how. Starting up a commercial property management firm can bring in big bucks. Here, you will be tasked with taking care of other people’s property. What is great is that you don’t need to set up a fancy, hi-fi office. All you will require is a central location from where you can operate.

You will need to establish contact with people involved in real estate transaction, rental agencies, HVAC, plumbers and electricians. Gather as many contacts as you can with as many skills as possible as they will come in handy especially during maintenance and repair work.

Open a business banking account for your finances. Hire someone with knowledge in accounting and learn how to handle your finances by yourself as well. Don’t leave money issues solely in the hands of someone else as you don’t want to get ripped off.

Running a commercial property management firm isn’t all about the technicalities, however, as there are other matters to consider. Maintain good relationships with the tenants as they can eventually make or break your business. Be firm with guidelines and regulations but be understanding during sensitive matters. Besides, maintaining contact with tenants will also give you a chance to inspect the property at close range and make sure it isn’t being abused.

Incorporate your venture against liabilities and lawsuits. You can insulate yourself and your business by hiring a business planning lawyer for a fee. This is not to say that you can never be sued; it just means that the chances of having a lawsuit slapped against you will be lower.

Carolmoore - About Author:
Curiosity to know more about commercial property management firm or real estate transaction?

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/real-estate-articles/tips-on-running-a-commercial-property-management-firm.htm

Related Real Estate Articles Subscribe to RSS

Important Strategies to Make Good Investments in Foreign Real-estate
Published by Dale Smith on December 27th 2011 | Real Estate
Purchase in property is commonly thought to be the beneficial method for generating revenue. It is p...
 
 
Costa Rica real estate investment opportunities
Published by John Mathews on July 11th 2012 | Real Estate
Costa Rica presents some of the very best real estate investment opportunities with a massive market...
 
Consult an expert only to ensure best real estate investments
Published by Jennytoedt on April 17th 2012 | Real Estate
Escalating estate prices have given good returns to its customers, provided the property has been ch...
 
Some critical points to consider with estate agents
Published by Glyn Jones on January 19th 2012 | Real Estate
The estate agents can be much helpful with the real estate investments. So you are to be very carefu...
 
Awesome place naples florida waterfront real estate
Published by Harry on June 19th 2012 | Real Estate
waterfront homes for sale in naples florida. This is a community that is highly sought after for go...
 
Real estate agent is helpful to find suitable property to invest
Published by Glyn Jones on January 13th 2012 | Real Estate
The estate agents can be very much helpful in finding the right kind of property or investing in the...
 
Real estate in India- an ideal destination
Published by Deepti on April 16th 2012 | Real Estate
The real estate of the country significantly contributes to its economy. The Indian realty contribut...
 
Reasons for hiring an experienced real estate agent
Published by Deepti on April 17th 2012 | Real Estate
In today’s world if you want to be successful while investing in real estate you can hire the serv...
 
Residential real estate investment-things to consider
Published by Deepti on May 9th 2012 | Real Estate
With increasing prices of the residential real estate, there has been increasing number of real esta...
 
Port Washington NY Real estate is a boom for investors
Published by on July 14th 2012 | Real Estate
Investors whether they are small or big, always looks for an opportunity and many of they are contin...
 
Looking for an estate agent
Published by Glyn Jones on May 10th 2012 | Real Estate
Is it advisable to work with several agents, probably not. Agents know if you are working with more ...
 
A quick note almost profitable real-estate or else real estate management
Published by Ema Sis on January 14th 2012 | Real Estate
This article deals with property management which is always dealing with the general administration,...
 
Some important legal formalities in real estate Malaysia
Published by Rick Foster on January 28th 2012 | Real Estate
Once an agreement is reached, the papers and documents are prepared that are then signed by both the...
 
Make profitable investment in mohali real estate
Published by Deepti on May 10th 2012 | Real Estate
Real estate is among the most significant aspects that contribute towards the growth of the country...
 
Lucrative investment options in Indian real estate
Published by Deepti on May 3rd 2012 | Real Estate
While opting for a perfect life, having a roof over the head is not a difficult thing to achieve any...
 
Get authentic and reliable real estate renting company
Published by Abhay Singh on January 7th 2012 | Real Estate
Rapid industrialization and urbanization is paving the way for more and more demand for flats and ot...
 
New real estate destinations in Mumbai
Published by Prop Tiger on June 22nd 2012 | Real Estate
The costs of residential property in Mumbai are touching to the sky and purchasing for the piece of ...
 
Want to buy Miami luxury homes? Get to know luxury real estate miami business
Published by Angie Turner on May 25th 2012 | Real Estate
Envision a stifling location with tall palm trees; sun flounced white sandy shores and several class...
 
Some tips to choose the best estate agents in Canary Wharf
Published by Glyn Jones on April 7th 2012 | Real Estate
One of the easiest ways to find a suitable agent is to search online. Firstly it will help you to sa...