What Does a Commercial Property Management Company Do? (Part 1)
Have you ever wondered what a commercial property management company does? Or better yet, what they should be doing? If you're asking either question and reading this article, then it's safe to say you probably own commercial real estate or are considering purchasing commercial investment property. The answer to this question is simple, "Whatever you want them to do". Ok, it's not that simple. Practically speaking, the range of service varies quite a bit from company to company, depending on who you speak with. However, there are some basics that are essential and necessary regardless of your reason for needing or wanting professional property management. In this article you will find the answers to what you should expect from a commercial property management company. The basics: Accounting Services Reporting - Monthly accounting reports that include, a balance sheet, income & expense statement, general ledger, rent-roll, rent ledger, expense ledger and a copy...