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Commercial property management is a multifaceted field that’s critical for successfully operating and optimizing commercial properties. What is commercial property management? The primary role of commercial property management is facilitating leasing and tenantmanagement.
Experienced real estate investors know there is more to owning a commercial property than just the initial investment – it requires actionable main tenance, rent collection, and tenantmanagement. This is exactly where a commercial property manager can step in and take these responsibilities off your shoulders.
For example, the retail sector may be more vulnerable to changes in consumer spending, while the office sector might face risks related to remote work trends. Common operational risks include: Property maintenance issues: Poor or delayed maintenance can lead to costly repairs, tenant dissatisfaction, and potential legal liabilities.
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