Commercial Property Management
Millennium Properties uses a comprehensive, multi-disciplined management program to position our clients' properties for success. The majority of commercial buildings are smaller than 10,000 square feet in size. These buildings include neighborhood retail centers, offices used by small businesses, two- or three-story apartment buildings and industrial showrooms. However, when people think about commercial real estate, they picture office skyscrapers, large suburban malls, downtown apartment towers and sprawling warehouses.
From our experience, as both property owners and managers of these types of buildings, we know that market variables, physical attributes and financial constraints must each be expertly addressed. We have a proven track record of success through our real estate management services – with a portfolio of multi-family, retail, office, mixed-use and industrial properties that we manage for a variety of clients.
Positioning Your Real Estate Portfolio
For every property under management, we create a customized management program, to increase occupancy and the value of the building. Our managers will conduct a thorough evaluation of your commercial property and design a streamlined plan to stabilize and improve occupancy, add value, and increase your cash flow. Our property management services include:
- Detailed financial reporting: From collecting rents to paying operating expenses, we handle all of the accounting and finances for your commercial properties. We also prepare operating budgets and reconcile any discrepancies in payments.
- Leasing vacant spaces: We can lease any of your commercial or apartment units that are vacant, handling tenant screenings, coordinating showings and negotiating the terms of the lease. We will use several different methods to advertise and promote the space to the market so that we attract the most interest. We can also coordinate move in and move out dates.
- Maintenance and repairs: Our team will work with you to prioritize and manage repairs and maintenance for your property, including capital improvement projects. We will obtain bids, select the vendors and oversee their work. Our team will work with both contractors and maintenance personnel to make sure the work is done correctly, on time and on budget.
- Management of tenant relations: We will handle all tenant requests, making sure they are addressed in a timely manner. Additionally, we will make sure that your tenants are complying with their lease, contributing the correct amount to common area maintenance and negotiate renewals before their lease expires.
- Administrative tasks: We manage a number of property administration activities for our clients including protesting real estate taxes, arranging tax payments, and arranging for property insurance.
Our property managers are committed to building a long-term relationship with all of our clients, whether we are managing one building or a large portfolio. We use a proactive approach to address tenant issues and maintenance of the property to make sure all problems are resolved quickly. Also, if decide to sell your property within a few years, our team will help you position it for a successful disposition. Contact us today to find out more about our property management services or request a quote.