Why Hiring a Commercial Property Management Agency is Key to Maximising Your Investment
Hiring a commercial property management agency brings a level of professionalism and expertise that maximises the property’s profitability, reduces risks, and saves the property owner significant time and effort. Managing a commercial property is becoming more complex, with increased regulatory demands, and the more stringent navigation of evolving compliance standards. Agencies like Pure Property Management handle the complexities of managing commercial properties, ensuring smooth operations and long-term success.
Employing a specialist commercial property manager offers several important benefits for property owners and investors. Here are the 5 key reasons why hiring an agent is advantageous:
- Specialised Knowledge
Commercial property management agencies have deep knowledge of market trends, legal requirements, tenant management, and how to coordinate property maintenance. This expertise ensures that your property is managed in a compliant fashion with laws and regulations, reducing the risk of costly mistakes.
At Pure, we are experts in commercial property management, so you can have full confidence that your asset is being managed with care. We do not offer sales or residential management services, and therefore commercial management and your asset is our core focus
- Tenant Management
Hiring a property management team allows landlords to remove emotional factors from the decision-making process. Property managers are experienced in handling challenging situations and approach issues with a clear, business-focused mindset. By eliminating emotional influence, decisions are based on sound business principles, ensuring a more objective and strategic approach to property management. A good commercial property manager will work hard to build a strong relationship with your tenant to allow for a conducive working relationship throughout their occupancy.
- Property Maintenance and Repairs
Property Management Agencies such as Pure pride themselves on their strong relationships with local, reliable contractors. We also often secure better prices due to our established connections and regular work. A good commercial agent will familiarise themselves with the property and complete regular routine inspections to allow for early identification or issues before they become problems, and provide recommendations.
Pure Property Management offers unrestricted communication channels with their owners, tenants and contractors to ensure seamless management should anything need attention within the property.
- Maximising Property Value & Revenue
Property Managers have an expert understanding of the market, ensuring that owners receive competitive rental returns whilst maintaining tenant satisfaction. A good agent should have an in depth knowledge of their local market, and be able to provide confident recommendations around market rates and trends.
At Pure we use specialist Commercial Property Management software to ensure that rent collection, market reviews, annual increases and arrears management are incorporated into our daily tasks, so that these items are never missed
- Marketing & High Quality Listings
At Pure, we have the resources to craft compelling, high quality marketing materials to ensure each property attracts and retains the right tenant. Access to commercial advertising portals, professional photography and our broad network of well-established relationships, sets us apart from a self-managed property, minimising vacancy and down-time.
With over $1 billion in assets under management, Pure Property Management will maximise your commercial property investment with the highest level of service. Call Pure Property Management to talk about your property management needs on 1300 111 776 or email us info@purepm.com.au