Management
Commercial Real Estate Management
Management services at CORE Real Estate encompass a wide range of activities designed to efficiently oversee and maximize the value of commercial properties, ensuring that they operate smoothly and generate income for property owners.
Our Process
We strive to provide every customer with the best, most efficient service possible. Here’s a breakdown of the key management services in commercial real estate:
- Regularly inspecting and maintaining the property to ensure it’s safe, functional, and well-maintained.
- Coordinating repairs and maintenance, from plumbing and electrical work to landscaping and structural improvements.
- Managing tenant relationships to address concerns, answer inquiries, and ensure a high level of tenant satisfaction.
- Handling lease renewals, rent collection, and lease enforcement.
- Maintaining lease records and documentation.
- Monitoring lease expirations and coordinating lease negotiations.
- Budgeting and financial planning, including rent setting and expense forecasting.
- Accounting services such as rent collection, bill payment, and financial reporting.
- Advertising and marketing vacant spaces to attract new tenants.
- Developing and implementing marketing strategies to enhance the property’s value and reputation.
- Identifying and mitigating potential risks associated with the property.
- Securing appropriate insurance coverage and managing insurance claims.
- Ensuring the property complies with local, state, and federal regulations.
- Handling legal matters related to leases, evictions, and disputes.
- Implementing and monitoring security measures, including access control, surveillance, and emergency response protocols.
- Ensuring the property complies with safety codes and regulations.
- Overseeing tenant improvement projects and build-outs according to lease agreements.
- Coordinating construction and ensuring adherence to timelines and budgets.
- Hiring and managing third-party service providers such as janitorial services, landscaping, and security firms.
- Negotiating contracts and monitoring service quality.
- Developing strategies to enhance the property’s value over time, such as renovations, expansions, or repositioning in the market.
- Providing property owners with detailed financial reports, including income statements, balance sheets, and cash flow analysis.
- Offering recommendations for optimizing financial performance.